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NeunMalSechs
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Bitcoin fees on in the blockchain data

Thu Jul 23, 2020 6:58 pm

I am new in reading the blockchain data and currentliy confused.

Transaction fees should be also part of the blockchain - but I don't ssem to be able to find it anyware. Any hint on whtat to look at?
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Re: Bitcoin fees on in the blockchain data

Thu Jul 23, 2020 8:12 pm

I am new in reading the blockchain data and currentliy confused.

Transaction fees should be also part of the blockchain - but I don't ssem to be able to find it anyware. Any hint on whtat to look at?
Hey Neun,

For example if you're looking at a transaction on the Bitcoin.com block explorer if you click/tap on View details under Summary it should return data including:

- Fees
- Fees per byte
- Size (in bytes) of transaction


Image

The fee is based on transaction size in bytes and network congestion and is paid to the miners to included the transactions in a block.

The more inputs a transaction has the higher the fee will be.

If you do not set an adequate fee your transaction might not confirm. If it does not confirm within 14 days the transaction will drop from the mempool and return to your wallet (the address sent from).

To learn more about transaction fees please see: https://en.bitcoin.it/wiki/Transaction_fees

There is some information in regard to predicting fees at https://bitcoinfees.earn.com/
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nandibear
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Re: Bitcoin fees on in the blockchain data  Topic is solved

Fri Jul 24, 2020 12:14 am

I am new in reading the blockchain data and currentliy confused.

Transaction fees should be also part of the blockchain - but I don't ssem to be able to find it anyware. Any hint on whtat to look at?
Not sure if my answer above is what you are looking for.

If you're running a Bitcoin Core node you can get transaction data in the console.

Type in:

Code: Select all

> getrawtransaction [type transaction ID here between the brackets]
That will return the raw transaction.

Decode using:

Code: Select all

> decoderawtransaction hex
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NeunMalSechs
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Re: Bitcoin fees on in the blockchain data

Sat Jul 25, 2020 7:27 pm


Not sure if my answer above is what you are looking for.

If you're running a Bitcoin Core node you can get transaction data in the console.

Type in:

Code: Select all

> getrawtransaction [type transaction ID here between the brackets]
That will return the raw transaction.

Decode using:

Code: Select all

> decoderawtransaction hex
Thanks, that helps!!!
Mit sonnigen Grüßen
Carsten
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Lies mehr unter: http://neunmalsechs.blogsport.eu/
Blockchain Artikel: http://neunmalsechs.blogsport.eu/tag/blockchain/

OneChain
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Re: Bitcoin fees on in the blockchain data

Mon Aug 24, 2020 6:20 pm

Did you resolve this?
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