Questions on: transaction-fees

All miners run a full node, indexing all the unspent transaction outputs (UTXO). Thus, from the computational difficulty perspective, there's no difference between verifying old and new coins that are being spent. However, there's a reasonable assump
This is then added to the block reward – which halves every 210,000 blocks or roughly every four years – in 2015 the reward will be 25 Bitcoins and will reduce by 50% to 12. 5 Bitcoins per block in 2017. The maximum number of halving allowed in the b
Transaction fees pay for two completely different things which should not be confused. One is the marginal cost of verifying, propagating and storing the transaction; the other is the amortized cost of hashing to secure the network. Addressing the fi
Because it is in fact "almost free". The transaction fee charged by the bitcoin protocol is so small that it basically doesn't matter when compared to standard banking fees. This measure is in place for several reasons, including: Promoting mining
Assuming all the inputs you are spending are from regular "pay to address" transactions, each input will contribute 180 (plus or minus 1) bytes to the transaction. Each output adds 34 bytes to the transaction. And there's a fixed extra 10 bytes which
ERocks1 wrote:bitkilo wrote:ERocks1 wrote:Thank you for the quick response. I am not 100% sure where to find the transaction ID number. Perhaps this is it - f48b83adaecfbde53ff20f2baabb12c1fc79e3cdeedcd5ab892c0625ff5379c0 If not, please let me know h
I'm not completely sure how the implementation for Blockchain. info works as I have not tried it myself, but from my understanding what you want is to use a single private key with a corresponding public key that allows you to generate new addresses
In satoshi client, the "accounts" therein are only a convenience for labeling of receiving addresses. They don't matter for sending at all. If you receive bitcoins, the balance is not added as in bank, but the amount is saved as "unspent output"
When creating a transaction the Bitcoin-Qt client will determine the properties of a transaction and if the transaction is likely to need feeds the client will insist that a fee be added. The rate is 0. 0005 BTC per 1K of data consumed by the transac