Post
Topic
Board Bitcoin Discussion
Re: Transaction fee clarifications needed
by
hugolp
on 23/07/2011, 09:26:46 UTC
I don't know of any versions that did that.

The most recent version (v0.3.24) will pop up a dialog box that says the transaction fee is required and will display the amount.

Im using bitcoin-qt. To be honest, I dont remember if I the last time I used the official client version it was .23 or .24 so it may have been solved already and blaming you guys for something that its bitcon-qt fault.

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Great.

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Please know that the client cannot say something like: the fee for getting this transaction processed in the next block is N bitcoins.

That is because there is no set fee.  When the client comes up with a number, it is only making an estimate.  It is up to the miner to determine whether or not to include a transaction.  The higher the fee, the more likely the transaction will get included.  Even a high fee though is not a guarantee.

Currently, the 50 BTC reward is adequate for many miners so that is why you will see transactions with no fee in many of the blocks yet.

I know. It depends on what the miners decide to incude on the blocks and obviously a higher fee is a bigger incentive. Nobody is specting that you predict the behaviour of the miners. The explanation in the wiki is great.