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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17
votes
2answers
4k 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?
8
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2answers
2k 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 ...
5
votes
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 ...
8
votes
2answers
298 views

What is the fee structure introduced in 0.10?

In Wolfram Warptangent (Monero v0.10), a new fee structure was introduced, in addition to decreasing the minimum tx fee. What is the current fee structure?
0
votes
1answer
170 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 ...
14
votes
3answers
397 views

How will transaction fees be calculated after RingCT?

I read that RingCT will bring transaction sizes close to about 13kb. How much larger would a mixin=4 Monero transaction be compared to a Bitcoin transaction? Based on a 13kb size, it would be about ...
8
votes
2answers
229 views

Does Monero use replace-by-fee?

Replace by fee is a proposed mechanism for bitcoin (that has not been adopted) by which 0 confirmation transactions can be "undone" by submitting a transaction with a higher fee. Technically, this ...
7
votes
1answer
163 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 ...
7
votes
1answer
5k 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/...
6
votes
1answer
333 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
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 ...
2
votes
2answers
220 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 (...