Scraped on 16/05/2025, 20:52:30 UTC
Thanks again for taking the time to post that. I spent some time trying to figure it out, but in the end I'm overwhelmed, so I will wrap this up with the basic bottom line...
When I sent my friend the test with .0001 BTC he received .0000927 BTC (around 7.3%) so going by his math, when I send him 0.3 BTC ($30k) there is going to be a transaction fee, and when he moves it out of his wallet there is second transaction fee, therefore he believes that he will receive approximately .26 BTC ($26k in the end). So according to him both transaction fees might cost around $4000 total. That seemed high to me, but again I understand this all depends on the time of day, how busy network is, and I have no control over how and when he does his transaction.
I'm a generous person and, not greedy, and I understand he needneeds to make money ofon the merchandise and transaction, but I don't want to get raked over the coals either.
Original archived Re: Basic SWEEP questions
Scraped on 16/05/2025, 20:47:30 UTC
Thanks again for taking the time to post that. I spent some time trying to figure it out, but in the end I'm overwhelmed, so I will wrap this up with the basic bottom line...
When I sent my friend the test with .0001 BTC he received .0000927 BTC (around 7.3%) so going by his math, when I send him 0.3 BTC ($30k) there is going to be a transaction fee, and when he moves it out of his wallet there is second transaction fee, therefore he believes that he will receive approximately .26 BTC ($26k in the end). So according to him both transaction fees might cost around $4000 total. That seemed high to me, but again I understand this all depends on the time of day, how busy network is, and I have no control over how and when he does his transaction.
I'm a generous person and not greedy, and I understand he need to make money of the merchandise and transaction, but I don't want to get raked over the coals either.