Post
Topic
Board Announcements (Altcoins)
Re: [ANN][BCC] Bitconnect Coin - Decentralized Cryptocurrency
by
AGM76
on 23/01/2018, 10:33:34 UTC
Also, as I explained before, to send just 6BTC from my wallet at a normal fee range (few hundreds satoshis per byte) I had to pay hundreds of dollars. My wallet wouldn't have charged me more than I needed to pay but obviously most wallets like electrum generate lots of inputs etc so the more you send the more the fee would be.

Weird. I just sent $13k worth of BTC and only paid $0.67 in fees. Here's the transaction, since I know you have a hard time believing things I say.

Wallets aren't very good at estimating fees. I use this page to figure out how much fee to pay.

haha I'm pretty sure my wallet knows how much it would cost! I am able to choose the fee but the size of the transaction depends on the number of inputs. Obviously, unless you only receive large BTC payments, you will have lots of these smaller inputs that need to be combined for the transaction. I just looked again at the two transactions and one had 55 inputs and the other 51 inputs (I forgot to look before). I don't have a particularly large number of transactions in the wallet,  so I think this is generally what larger amounts would normally cost. Remember the fees were still under 1% of the amount.