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Results tagged with transaction-fees
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user 7493
Fees paid by the sender to the miner as payment for confirmation of the transaction on the Monero network,
2
votes
Accepted
Historical significance of FEE_PER_KB_OLD
I discovered this term FEE_PER_KB_OLD in the code base, but it seems unused.
It is unused.
What is the historical context around it? Was it ever used?
It was used (or rather its value was u …
- 19.4k
4
votes
Accepted
What are the standard fee multiplier levels?
I can't speak to why the GUI has them labeled that way, but the current, actual fee multipliers are:
1, 5, 25, 1000 [ref].
What confuses this a little further though is that the default strategy is …
- 19.4k
1
vote
Accepted
Does Monero have a maximum fee for transactions?
but does it also have a max fee to prevent such bugs or mistakes?
No, not at the protocol level. This is because it's not for the protocol to dictate how much (other than a minimum) a user wishes to …
- 19.4k
2
votes
Accepted
How are fees computed?
Can someone explain the algorithm to compute Monero transaction fee?
The computation of the current dynamic fee algorithm is explained, in detail, here: https://web.getmonero.org/2017/12/11/A-not …
- 19.4k
1
vote
Accepted
When Monero is worth $10,000 will fees in xmr be the same or lower/higher?
When XMR reaches a higher price will these fees stay the same in XMR terms?
Yes, they stay the same in XMR terms. I.e. XMR fee level is not based on any exchange rate.
If so won't that cause for co …
- 19.4k
2
votes
Accepted
Block reward and transaction fees over time
Why does the reward look like it resets at the point where major version 2 appears in the block?
Transaction v2 (Monero v10) was the introduction of RingCT. There were various fee related changes …
- 19.4k
1
vote
In the future if we needed to send a micronero or piconero, wouldn't fees cost more than tha...
How can someone send a micronero or piconero in the future if a micronero = $1
Fiat (USD/XMR) exchange rate has no bearing to the question.
And fees per transaction is more than this. What are some …
- 19.4k
1
vote
Set a fixed fee at transaction creation in the wallet RPC
But I'm wondering if there is any way to create a transaction and specify a fixed fee instead of the priority flag?
Not with the RPC/CLI, just priorities. The mistakes people make with manually sett …
- 19.4k
1
vote
How do I get the weight of a transaction from the RPC daemon
How do I get the weight of a transaction from the RPC daemon ... Not the weight of a transaction
Due to the contradiction, I'm going to assume you want the size.
I guess I could get size from the h …
- 19.4k
1
vote
Updated dynamic fee calculation?
I'm going to do my best to answer your questions but I'm afraid I'm no ArticMine, who I'm sure could answer far more eloquently.
I'm hoping to find a current reference that explains how the dynami …
- 19.4k
1
vote
Transaction weight/size understanding
In your 1st and 2nd examples, where the difference is tiny, you're talking about a few bytes difference between estimated and actual size. I'd expect to see this due to things like varints. Also, weig …
- 19.4k
3
votes
Accepted
How to get a block reward from a block template?
1) How can I get the amount for transaction fees in a potential block?
The easiest method (and just using the RPC interface) to get the block emission separate to the tx fees is probably to subtr …
- 19.4k
1
vote
Accepted
Is Monero an inflationary asset?
Is Monero an inflationary asset?
No, it's disinflationary.
Seth wrote a blog post recently and answered this point in more detail (quoted below):
Monero has an infinite supply
Response
This one is …
- 19.4k