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Questions tagged [transaction-fees]

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

84 questions
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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?
expez
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14
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3 answers

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 0.13 monero per transaction, which is quite a bit…
Ryan
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2 answers

Why are the fees hard coded?

Most cryptocurrencies let you choose your fee. Why does Monero use a hard coded fee? Edit: Or rather I should say why is the minimum fee hard coded.
Christopher King
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14
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2 answers

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 returned TX hash/key? Edit: If this is currently…
Quentin Skousen
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13
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2 answers

Ability to choose your own transaction fee

When using simplewallet and bitmonerod transaction fees are calculated based on the mixin and outputs being used in a transaction. During times where network usage is high, is there an ability to choose a larger transaction fee than the fee…
Julio
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2 answers

How is the quadratic miners penalty calculated

For blocks above the median block size of the last 100 blocks but below the 2x the median block size dynamic cap a quadratically increasing penalties is applied to miners. How is this penalty calculated? Can miners avoid the penalty by refusing to…
John
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1 answer

Can miners choose to accept lower fees?

Currently, transactions cost at least 0.002 XMR per kB. If a miner includes a transaction with a lower fee, will his block be rejected by the network?
Christopher King
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10
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4 answers

How does Monero's transaction fees change according to price?

I understand that Monero uses high xmr/KB fees in order to prevent blockchain bloat, like what happened in the '2014 hack'. If I understand correctly though, Monero will decrease the transaction fees if the price in fiat goes up; as to pose the same…
floam412
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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 isn't part of the consensus protocol, since 0…
Christopher King
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8
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2 answers

Usage of a zero mixin (ring size =1)

Zero mixin (ring size=1) transactions are no longer allowed (except for sweeping dust). When they were allowed before the March 2016 hard fork they were quite common. Is there evidence to support the theory that most zero mixin usage (when allowed)…
Big Things
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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 system?
user20
8
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2 answers

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 adjustments on it will require hard/soft fork and…
ant Bldel
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2 answers

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?
LivingInformation
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Ring CT and transactions fee

With the future implementation of RingCT, transaction amounts will be hidden. How will a miner determine if a RingCT transaction includes a sufficient enough transaction fee to be included in a block?
ant Bldel
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7
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1 answer

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/monero-transaction-fee-calculator is, but from…
lessless
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