Re: Cloudhashers - custom mining contracts starting from 0.01 BTC
Blockchain.info is the most appropriate for small deposits.
Cloudhashers.net, you still DO NOT UNDERSTAND
....
So, what does my desktop wallet software (bitcoin-qt) do automatically? Bitcoin-QT wallet will send out 2000 transactions of 0.0025 BTC each (2000 x 0.0025 BTC = 0.5 BTC). So now Bitcoin-QT wallet has the 0.5 BTC to send, but what do you know.... Bitcoin-QT will add 0.0001 BTC FEE for each 1K in the transaction. Assuming here each transaction is 500 bytes, so for 2000 transactions, that's 1000K bytes. Bitcoin-QT will add 0.0001 BTC x 1000 = 0.1 BTC FEE.
...
Exactly as you said. Tried to send all 0.019 BTC and Armory offer me 0.015 BTC fee
so what now? shall I sweep address to blockchain wallet?
Great explanation! thanks a lot.
finally it's clear what you meant with fees. Guys don't use wallets which charge you for incoming transactions. Just don't use them. it is crazy.
finally it's clear what you meant with fees. Guys don't use wallets which charge you for incoming transactions. Just don't use them. it is crazy.
Cloudhashers.net, you still DO NOT UNDERSTAND
....
So, what does my desktop wallet software (bitcoin-qt) do automatically? Bitcoin-QT wallet will send out 2000 transactions of 0.0025 BTC each (2000 x 0.0025 BTC = 0.5 BTC). So now Bitcoin-QT wallet has the 0.5 BTC to send, but what do you know.... Bitcoin-QT will add 0.0001 BTC FEE for each 1K in the transaction. Assuming here each transaction is 500 bytes, so for 2000 transactions, that's 1000K bytes. Bitcoin-QT will add 0.0001 BTC x 1000 = 0.1 BTC FEE.
...
Exactly as you said. Tried to send all 0.019 BTC and Armory offer me 0.015 BTC fee
so what now? shall I sweep address to blockchain wallet?