Post
Topic
Board Announcements (Altcoins)
Re: 【LAUNCHED】【BTC2】Bitcoin 2, BTC Fork 1:1, PoS 🔥 Zerocoin, Anonymous ⚡️Instant TX
by
jackleszz
on 20/08/2018, 10:46:04 UTC
Hello everybody, I do not know how much the coin will cost, but earlier the developer wrote that the payment for the transaction will be less than a cent.
If now the payment is 0,0001-0007 I think the developer assumes a price above $10.
And I want to ask the developer, what does the fee for the transaction depend on?

The block creators (stakers/forgers/miners) by default accept transactions with a fee of 0.00001600 per KB or higher, but they can change what they accept, just like Bitcoin miners can. (So about 0.00000400 - 0.00000800 BTC2 for a transaction from one unspent output to one address). For devs, there are mainly two goals in mind when determining transaction fees. One is to make flooding the blocks with spam transactions attack too expensive to execute to be worth it, and the other is to make it cheap to do a transaction.
Thanks for the quick reply, if I understood correctly, can I reduce the commission? I usually show more.

If you mean the commission that you pay when sending transactions, then you can change that in the Send dialog. Choose a custom Transaction fee, and either click the "pay the minimum fee" checkbox or type your own value.

If you mean what minimum fees per KB you accept when relaying transactions, you'd run Bitcoin 2 with the following commandline argument: -minrelaytxfee=yourvalue (default in the latest version is 0.000016)

Note that minting zBTC2 has a fixed fee of 0.001 BTC2 per denomination but sending/spending it is free.