Stack Exchange Network

Stack Exchange network consists of 174 Q&A communities including Stack Overflow, the largest, most trusted online community for developers to learn, share their knowledge, and build their careers.

Visit Stack Exchange

Questions tagged [transaction-fees]

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

0
votes
1answer
39 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 ...
0
votes
0answers
66 views

Maximum optimal transaction fees and max transactions per block after bulletproofs upgrade?

After the bulletproofs upgrade. Fees are in theory going to be cheaper as the blocks get full. What is the optimal fee if we assume the blocks do get full? How much would fees be then? And how ...
1
vote
0answers
209 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 ...
2
votes
1answer
69 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?
4
votes
1answer
68 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 ...
7
votes
1answer
361 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?
5
votes
1answer
257 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 ...
0
votes
0answers
19 views

completely No idea what's going on.? [duplicate]

A month ago I sent XMR using MyGui Dextop Monero wallet 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 ...
2
votes
1answer
67 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 ...
1
vote
1answer
104 views

How necessary are transaction fees?

How necessary are transaction fees? Why isn’t the block reward enough to maintain a community of miners?
1
vote
1answer
549 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 :(....
1
vote
1answer
372 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....
2
votes
1answer
196 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? ...
3
votes
1answer
128 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 ...
3
votes
1answer
2k 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?
1
vote
2answers
473 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?
1
vote
1answer
58 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 ...
1
vote
2answers
77 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?
2
votes
1answer
349 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 ...
1
vote
1answer
149 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 ...
2
votes
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 ...
1
vote
1answer
529 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?
4
votes
3answers
855 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 ?
7
votes
1answer
4k 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/...
7
votes
2answers
1k 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 ...
4
votes
1answer
3k 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 ...
5
votes
2answers
173 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 ...
8
votes
2answers
7k views

Why does monero have higher transaction fees than bitcoin?

median and highest fees source: monero.how
6
votes
1answer
298 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 $...
3
votes
1answer
254 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 ...
4
votes
1answer
408 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 ...
6
votes
3answers
736 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 ...
7
votes
1answer
153 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 ...
7
votes
1answer
154 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 ...
5
votes
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 ...
4
votes
1answer
542 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 ...
1
vote
1answer
186 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 ...
4
votes
1answer
116 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'...
6
votes
1answer
165 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?
4
votes
1answer
231 views

With RingCT on, can I lower mixin safely to save on tx fees?

Now that RingCT is on and transactions are many times bigger, would a mixin of 1, for example, be safe enough to keep a good level of privacy? I'm mainly asking because many pool operators have ...
4
votes
1answer
670 views

When should I choose “MEDIUM” or “HIGH” transaction priority?

In Monero's GUI, monero-wallet-gui, I see a drop-down box for "Transaction priority" with the following options: When should I ever choose anything else but the default value ("LOW")? As far as I ...
4
votes
1answer
973 views

Transaction rejected by daemon with status: Failed Error: Reason: fee too low

Recently I sent several transactions in a short period of time but my available balance was always more than enough for each transaction, so I did not think that chained payments should have been a ...
4
votes
1answer
3k views

How much does Mymonero take as fees per transaction?

Mymonero charges a fee for each transaction sent from the webwallet? What exactly is that fee and how is it calculated?
17
votes
2answers
3k views

How does the dynamic fee calculation work?

A pull request on github for dynamic fee calculation was just submitted. How does this new dynamic fee calculation work?
6
votes
1answer
106 views

How are dust and fees related?

When sending a transaction now, I get the prompt: The transaction fee is 0.010000000000, of which 0.006000000000 is dust from change. Is this okay? (Y/Yes/N/No). What does that mean, is it that the ...
8
votes
2answers
50 views

Will the dynamic fee algorithm under development be a wallet side calculation or it will be a consensus rule?

Will the dynamic fee algorithm under development be a wallet side calculation or it will be a consensus rule? I ask that question because if the dynamic fee algorithm is a censensus code rule, making ...
5
votes
2answers
753 views

What's the smallest transaction you can send?

For example, what if I want to send a person 0.001 USD in Monero to his wallet, would it be possible?
13
votes
2answers
358 views

Calculate fee before sending while using RPC calls

Is there any way to find out what the fee of a certain transaction will be before sending it, via RPC calls? As a side note, is it possible to see the transaction fee on a transfer via RPC from the ...
5
votes
3answers
3k views

how is the transaction fee calculated?

I've tried Monero-wallet-cli, and following are two transactions: 0.01 XMR by 526 bytes: http://moneroblocks.info/tx/99dae4c9ec68c8b4eb7f9f40a2c01f481d3b979ce97b5e0b2b5f55c759be11f6 0.008 XMR by ...
6
votes
3answers
162 views

After major coin issuance, what must the minimum XMR price be to incentivize network security?

I'm curious about the tail emission and transaction fees after major coin issuance. What is the minimum value that 1 XMR must sustain as an incentive for miners to continue maintaining network ...