Post
Topic
Board Beginners & Help
Re: I tried sending with zero fees, lesson learned!
by
brotz
on 17/09/2013, 21:14:08 UTC
Yikes! I don't understand the size/age calculation to determine if the client will include the trans in a block.
It goes (btc in satoshi*confirmation)/size in byte > 57600000

So if you want to send 10btc with a standard sized transaction of 250 bytes:
1000000000*x/250> 57600000

--> x > 14.4

So you will need at least 15 confirmations to send 10 btc for free with fast confirmation.

If you send small amount like 0.001btc:
100000*x/250> 57600000

--> x > 144000

This is why it takes forever for small transactions to confirm.