Questions tagged [transaction-fees]

Fees paid by the sender to the miner as payment for confirmation of the transaction on the Monero network,

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64 views

In the future if we needed to send a micronero or piconero, wouldn't fees cost more than that value?

How can someone send a micronero or piconero in the future if a micronero = $1. And fees per transaction is more than this. What are some solutions to this problem?
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1answer
48 views

Transaction weight/size understanding

According to Monero source code there are two metrics for the transaction size: Size https://github.com/monero-project/monero/blob/v0.17.2.0/src/wallet/wallet2.cpp#L870 Weight https://github.com/...
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2answers
134 views

Block reward and transaction fees over time

I am trying to understand how block rewards have evolved over time in Monero. I downloaded the blockchain and plotted the reward field from each block. Because it looked a bit strange, I plotted the ...
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1answer
722 views

When Monero is worth $10,000 will fees in xmr be the same or lower/higher?

Currently (FEB-2021) a monero transaction fee is about .000015 XMR ($0.003 USD). When XMR reaches a higher price will these fees stay the same in XMR terms? If so won't that cause for concern like how ...
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1answer
49 views

How do I get the weight of a transaction from the RPC daemon

I'm trying to look at the distribution of fees per kb of weight, but all I can find in the RPC connection to the daemon is the fees of a transaction. Note that I want the weight of a transaction, not ...
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1answer
94 views

How to get a block reward from a block template?

I make a get_block_template request to a monerod using a RPC interface. From response of this request I can get the a value of expected_reward: expected_reward = block_reward + tx_fees_amount But ...
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1answer
118 views

How can i get current fee from monero-wallet-rpc

I wanna make transactions during monero-wallet-rpc. When I wanna send some amount I wanna know the fee's before Im transfering the funds to other wallet. How can i get the fee's regarding a ...
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1answer
95 views

What is the fee cost of a Loki blink instant transaction and does this fee get burned?

Loki just released instant transactions for a cryptonote coin. What is the transaction fee and does this fee get burned when making a loki blink transaction?
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1answer
45 views

Historical significance of FEE_PER_KB_OLD

I discovered this term FEE_PER_KB_OLD in the code base, but it seems unused. What is the historical context around it? Was it ever used? I know in v3 of protocol the FEE_PER_KB was used, then in v4 it ...
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1answer
48 views

How to compute block weight?

To compute fees we need the median block weight for 100 blocks (AFAIK). I was wondering how exactly is the block weight computed? Is it just the sum of weights of all of its transactions? Or are other ...
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1answer
215 views

What are the standard fee multiplier levels?

In the GUI wallet the fees are written as Slow: x0.25 Normal: x1 Fast: x5 Fastest: x41.5 But I just made two transactions with slow and normal fee respectively and the slow fee was 1/5 of the ...
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2answers
241 views

Updated dynamic fee calculation?

I'm hoping to find a current reference that explains how the dynamic block size/fee calculation works? This link has a nice explanation, but a community member on reddit suggested it was out-of-date (...
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1answer
188 views

How are fees computed?

Can someone explain the algorithm to compute Monero transaction fee? I have seen somewhere it is based transaction size (or something called "weight"?), and some other vague explanation. But I would ...
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1answer
57 views

If the Monero started with rCT, would it be needed to have any part of the codebase handling dust?

I mean there is so much code in Monero handling situation that involve any dust. Is it just for backward compatibility or would it be needed even if the Monero started with rCT? I know about 2 types ...
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0answers
237 views

Monero fees are .0000456 after bulletproofs. Will it get smaller as more transactions go into a block?

Previously before bulletproofs. Fees were .002 on the low setting. Now they are .0000456 xmr. Will fees be even lower as more transactions go into a block? And if there are less transactions, fees ...
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1answer
1k views

What is the transaction fee?

What is the transaction fee for one transaction? What is the dollar equivalent for a transaction? Does the amount of XMR sent affect the fee?
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1answer
113 views

Why are Monero fees visible?

I was checking in moneroblocks.info some random transaction just to see how they are composed, and I noticed that while the amounts are confidential, the fees are on clear and not obfuscated. Isn't ...
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1answer
489 views

What effect has the increase of minimal ring size from 5 to 7?

How will the scheduled increase of ring size in the current hard fork v7 affect security/privacy, transaction size/fees and verification time? Is there a reason why exactly 7 and not 10 or maybe 20?
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1answer
268 views

Is the high transaction fees problem addressed in the upcoming monero v7 upgrade?

I've read the official release notes for Lithium Luna but there is no mention of any solution for the problem. At the same time I saw on twitter/forums some devs comment that it is addressed. Does ...
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1answer
77 views

Transaction fee using RPC for non ringct transactions

How to get the fee of a transaction using the daemon RPC for non ring-ct transactions ? For RingCT transactions, I can get the fee using the method /gettransactions and the field txnFee in the ...
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1answer
126 views

How necessary are transaction fees?

How necessary are transaction fees? Why isn’t the block reward enough to maintain a community of miners?
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1answer
821 views

sending XMR with MyMonero, to low fee, long time stuck

A month ago I sent XMR using MyMonero to recipient (MM was my first wallet and default to making transaction). Unfortunately I used a too low of a fee. My transaction at this moment is still frozen :(....
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1k views

Does the Monero default client deduct the fee from the sent amount?

Will the transaction fee be automatically added when I transfer some moneros with the default wallet (client) i.e.: 2 XMR to be transferred + 0.01 fees (depending on speed and obfuscation level) 2....
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1answer
259 views

Who pays Transaction fee?

If I want to send someone $20 worth of monero and the transaction fee is $10, does that person only get $10 or the full $20 and I pay the $10, so I would end up paying $30 for a $20 transaction? ...
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1answer
153 views

Can Monero miners be picky about adding transactions to blocks

With Bitcoin, miners are picky about which transactions to add to blocks due to the limited block size, opting for transactions with higher fees (larger transactions). This means micro/nano payments ...
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1answer
4k views

Transfer using cli and choosing lowest fee?

How do you write the command to set the lowest fee during a transfer with the monero cli?
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700 views

Monero cli transfer command set lower transaction fee

Using the monero cli with the transfer command. transfer 48aBif46.....Ab1d .001 How can you set a custom transaction fee? What if I made the transaction fee .000001 or even zero?
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64 views

Selfish Mine paper mistaken?

Reading the paper on so-called 'Selfish Mining' http://fc14.ifca.ai/papers/fc14_submission_82.pdf On page 12 Figure 2 relative pool revenue equals 1 at 50% of hash power 'selfishly' mining. The ...
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2answers
93 views

Priority among transactions with same fees

If there are too many transactions in the mempool to be included in a single block, and assuming they all have the same transaction fee per kB, will the older transactions be mined first?
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1answer
369 views

Network fees and light-wallet options

I am new to Monero but not crypto in general. A couple of questions - When I sent my XMR from the exchange to my wallet I was surprised at the high mining fee (0.05 XMR!) Is this normal? I run a full ...
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1answer
154 views

What plans are there to lower the monero fees to under 10 cents?

As monero increases in price, what are the plans to lower the fees? Paying a few dollars per transaction is a bit much. anything less than 10 cents would be ideal. What are the proposed plans to do ...
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1answer
2k views

What is the lowest fee one can pay to make a monero transaction?

Is it possible to make a transaction without paying a fee or what is the lowest fee amount one can send with? How long does it take to get your coins back if the network does not accept your ...
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1answer
666 views

What is the command in monero cli to send some coins to an address or multiple addresses at once? [duplicate]

What is the cli command to send some coins to 1 address and the command to send to multiple addresses by paying a fee once?
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3answers
2k views

Who gets monero transaction fees?

I am running a monero node and I would like to know where do the Monero transaction fees go ? Do I need to set something into the monerod node setup to receive transaction fees ?
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1answer
6k views

How to calculate exact Monero transaction fee?

I assume that transaction fee is deducted from the transaction amount, i.e. if Alice sends Bob 10 XMR, then Bob will receive (10 - tx_fee) ~ 9.x XMR I don't know how precise https://www.monero.how/...
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2answers
3k views

How does the dynamic blocksize and the dynamic fees work together in Monero?

This mechanism is unique to Monero because it's the only cryptocurrency to have both blocksize and transaction fee dictated by an algorithm, how was this achieved and what is the rationale behind such ...
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1answer
4k views

What does the “default” priority (priority = 0) do in monero-wallet-cli?

Here's a paste selection from the set command in monero-wallet-cli. priority [0|1|2|3|4] - default/unimportant/normal/elevated/priority fee With priority set to 0, what does that actually mean in ...
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2answers
187 views

Are 0-output transactions possible?

Is it possible (as in allowed by consensus, not doable with today's software) to create a zero-output transaction in Monero? In other words, is it possible to create a transaction whose inputs are ...
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2answers
8k views

Why does monero have higher transaction fees than bitcoin?

median and highest fees source: monero.how
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1answer
338 views

Is it possible to set the priority / fee multiplier below 1?

I just read an article on Coindesk about gas price explosion of ETH due to its price spike in recent months. There is an example of a "smart contract" of a simple user registration, which was around $...
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1answer
313 views

How do I set transaction priority with the JSON RPC wallet?

I'm trying to find how to set the payment priority when making a transfer using the JSON RPC wallet, but can't find the parameter in the documentation, probably because it hasn't been updated since ...
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1answer
431 views

What's the explanation for certain high fee transactions/blocks?

From my understanding transaction fees are calculated automatically based on the transaction size in bytes, the current average block size, etc. I've noticed recently that transactions have been ...
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3answers
2k views

How do I send XMR to multiple different addresses?

For example let's say Alice wants to send moneroj to Bob, Chris and Dave. Does she have to make 3 separate transactions or can she do just one? If she can do just one transaction, would the ...
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1answer
165 views

Will a large and sustained increase in Monero transactions resolve the current issues of the dynamic block size penalty function?

The fee algorithm has not readjusted as intended following the dramatic increase in median transaction size which came with the upgrade to RingCT transactions. A conclusion reached on the subject has ...
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1answer
167 views

Can a transaction signed by a cold wallet be broadcast sometime far in the future?

Could someone sign a transaction, encrypt it with a (2,3) Shamir's Secret Sharing scheme with one key to signer, one to trustee and one to beneficiary? Then after death sometime years from now could ...
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3answers
1k views

Is there a way to tell how many coins are currently generated?

Is there a way to show how many coins have been generated so far taking in to account the transaction fee's paid by senders? For example if 1000 coins were generated ( issued ), and 10 transactions ...
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1answer
598 views

Transaction fees are very high for small transactions

Transaction fee are currently fixed (around 0.002 XMR/kB) which is penalising for small transaction (0.026 XMR/TX). Buying an item for 0.2 XMR incurs a transaction fee of 13% which I would call ...
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232 views

Where is the public key/output for the miner reflected on the blockchain?

One of the ways that I can understand how Monero demonstrably works, despite the opacity of the blockchain, is that the inputs used in transactions (whether mixin decoys, or the actual one-time public ...
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1answer
124 views

How do fees affect tx priority and how did these specific high fee tx's sit unconfirmed for > 1hr

Can anyone explain to me why several high fee (0.1-0.15) RingCT tx's, that did not look abnormal, sat in the mempool for over an hour unconfirmed, while lower fee (.025 ish) similar looking RingCT tx'...
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1answer
199 views

Why can I not choose my own custom transaction fee? Does this affect privacy in anyway?

I was just wondering why users do not have the ability to have their own custom fees and if by allowing users to choose their own fees would this badly affect privacy in anyway?