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Monday, January 16, 2017

#bitcoin channel featuring krashan, inersha, s17, nazarewk, buZz, piqure,

krashan 2017-01-16 00:45:23
Xanather: Possibly. However I'm not interested in arguing about terminology. You can explain it to nazarewk.
nazarewk 2017-01-16 00:47:03
bb0c15ed4d8bfe8304f4627356690391c3e2086a1768e449ae773f0f05ca88cd looks ok though, from half a day ago
nazarewk 2017-01-16 00:47:28
has almost 10 times less fee, but is half larger
weex 2017-01-16 00:48:39
is that a transactional anecdote?
weex 2017-01-16 00:49:01
what seems to happen is based on luck in the network
weex 2017-01-16 00:49:13
at some points, even very low fee transactions get confirmed
s17 2017-01-16 00:49:22
yes
nazarewk 2017-01-16 00:49:58
according to my service's statistics fees are a lot higher even though transaction volume steadily decreases
weex 2017-01-16 00:50:19
so basically how long you have to wait is based on how low you want to go. even 1 sat gets confirmed at some point
nazarewk 2017-01-16 00:50:37
it looks weird and would be great if i could do something about it
weex 2017-01-16 00:50:59
nazarewk: what client u usin'?
nazarewk 2017-01-16 00:51:04
official bitcoind
weex 2017-01-16 00:51:16
isn't there a max fee parameter?
nazarewk 2017-01-16 00:51:18
0.13.1 if i remember correctly
nazarewk 2017-01-16 00:52:31
weex: i didn't find it
weex 2017-01-16 00:53:21
nvm found it
weex 2017-01-16 00:53:22
-maxtxfee= Maximum total fees (in BTC) to use in a single wallet transaction; setting this too low may abort large transactions (default: 0.10)
krashan 2017-01-16 00:54:02
per byte
weex 2017-01-16 00:54:07
you can use that to set your max lower in your bitcoin.conf or with that command line switch
krashan 2017-01-16 00:54:08
of course :-)
weex 2017-01-16 00:54:51
But then what does 2 blocks mean?
krashan 2017-01-16 00:55:06
weex: Estimated time to get mined.
weex 2017-01-16 00:55:15
Will you be screwed if not confirmed in 2 blocks? Then you're getting value by paying that.
nazarewk 2017-01-16 00:55:32
so is it per byte/kilobyte or total?
buZz 2017-01-16 00:55:32
i like https://bitcoinfees.21.co/
piqure 2017-01-16 00:55:34
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^
nazarewk 2017-01-16 00:55:52
there is pretty much no reference to this setting anywhere
krashan 2017-01-16 00:56:24
weex: That depends of course...
weex 2017-01-16 00:56:48
you google search running bitcoin
weex 2017-01-16 00:56:52
it's not rocket science
nazarewk 2017-01-16 00:57:57
0.1 BTC default looks very high
weex 2017-01-16 00:58:28
it all goes straight to blockstream amirite?
buZz 2017-01-16 00:59:41
bitcoin transaction fees dont go to blockstream
buZz 2017-01-16 00:59:50
they go to the miner that finds the block
inersha 2017-01-16 01:17:32
Is "VarInt" the most common name for the field that indicates the size of an upcoming field?
weex 2017-01-16 01:21:41
upcoming field?
inersha 2017-01-16 01:22:44
Yes, such as scriptPubKey
inersha 2017-01-16 01:22:57
[varint][scriptPubKey]
inersha 2017-01-16 01:23:37
The varint indicates the size of the next field [scriptPubKey] in bytes.
weex 2017-01-16 01:27:12
I would imagine that's common but most common is hard
inersha 2017-01-16 01:27:54
Ha, okay cool. Are there any other terms for it?
weex 2017-01-16 01:28:46
i wouldn't worry about it too much, it can always be changed
inersha 2017-01-16 01:31:52
weex: I'm just writing a definition of the term, and I just want to be sure I'm using the most relevant term for it: http://46.19.137.74/glossary/varint
piqure 2017-01-16 01:31:53
^^^ WARNING: any URL may lead directly or indirectly to COIN-STEALING MALWARE! ^^^