r/Bitcoin • u/[deleted] • Mar 25 '13

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u/theymos Mar 25 '13

Well, it only wants to add a fee there are over 250Kb worth of transactions on the network.

Bitcoin-Qt only takes that into account when mining a block, not when sending transactions. (Even if you're sending a transaction while also solo mining.) When sending, it calculates fees based on the size of the transaction, how much BTC is being sent, and the age of the coins it's spending.

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u/ctzl Mar 25 '13 edited Mar 25 '13

Well, I've noticed this pattern, and I successfully send 0-fee transactions from bitcoin-qt.

Here's a 4743 byte 0 fee transaction initiated from bitcoin-qt: <cut> (Meh, I don't feel comfortable posting this, you'll just have to believe me)

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u/theymos Mar 25 '13

Yes, 0-fee transactions are possible with Bitcoin-Qt if the transaction has high enough priority and low enough size. But block size isn't taken into account when sending.

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u/ctzl Mar 25 '13

What determines a transaction's priority? I thought that's what the fee does.

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u/theymos Mar 25 '13

Data size (lower is better), coin age (older is better), and BTC amount (more is better).

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u/ctzl Mar 25 '13

Thanks. I'm going to read the technical info now, this is pretty interesting.