Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05
So I had to pay 5 cents fee on an $87 purchase.
Should we stop saying Bitcoin is free? I mean ...
I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05
So I had to pay 5 cents fee on an $87 purchase.
Should we stop saying Bitcoin is free? I mean ...
I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.
It's not free. It's not intended to be free. You are correct in questioning your motives for making that claim. Still, $0.05 is a lot less than fees for paying with any credit card; it's just more obvious because they payer includes the fee rather than the payee quietly pricing it in.
Set your computer to mine; run low priority in the background. Download the client and use your own PC to relay the transaction. It's free for those who support the network by mining. Non miners support the network with a small fee. Obviously your power cost is a factor, but it will likely average out for you if you just run a low priority process.
Google how to do it all if you aren't sure. The info is there.
Google how to do it all if you aren't sure. The info is there.
This is terrible advice and would not help your situation in any way. Pay no attention to this idiot.
^ is right, you can only choose to include your own transactions when you solo mine. It was a poor idea; sorry.
Does this sound correct?
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05
So I had to pay 5 cents fee on an $87 purchase.
Should we stop saying Bitcoin is free? I mean ...
I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.
Bought something on TigerDirect.com with Bitcoin - $86.88
Was expected to pay a miner fee by Bitcoin QT. Worked out to $0.05
So I had to pay 5 cents fee on an $87 purchase.
Should we stop saying Bitcoin is free? I mean ...
I know - beating a dead horse, but every time I have to pay, I ask myself why I tell people its free.
Set your computer to mine; run low priority in the background. Download the client and use your own PC to relay the transaction. It's free for those who support the network by mining. Non miners support the network with a small fee. Obviously your power cost is a factor, but it will likely average out for you if you just run a low priority process.
Google how to do it all if you aren't sure. The info is there.
This is very misguided advice. You are assuming that you would mine a block within the next few hours on your CPU which will never ever ever ever happen. If you mine a block using your CPU within the next 100 years at the current difficulty I'd be surprised. If everyone could just include their own transactions and mine the block that has that transaction, then the entire network is vulnerable to double spends and what not...
I wasn't thinking about solo mining (where you can include your own transactions in the block you are hashing); I was thinking about pool mining... Unless you own the mining pool you can't choose to include your own transactions...
Again, sorry for the poor idea.