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Update 4_1_Sending_Coins_The_Easy_Way.md

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Shannon Appelcline 2017-06-07 12:08:20 -07:00 committed by GitHub
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4_1_Sending_Coins_The_Easy_Way.md

@ -10,7 +10,7 @@ Before you send any money on the Bitcoin network, you should think about what tr
_What is a transaction fee?_ There's no such thing as a free lunch. Miners incorporate transactions into blocks because they're paid to do so. Not only do they get paid by the network for making the block, but they also get paid by transactors for including their transactions. If you don't pay a fee, your transaction might get stuck ... forever (or, until saved by some of the tricks in section five).
When you're using the simple and automated methods for creating transactions, as outlined in sections 4.1 and 4.4, Bitcoin will calculate transaction fees for you. This is done using Floating Fees, where the `bitcoind` watches how long transactions are taking to confirm and automatically calculates for you what to spend.
When you're using the simple and automated methods for creating transactions, as outlined here and in [§4.5: Sending Coins with Automated Raw Transactions](4_5_Sending_Coins_with_Automated_Raw_Transactions.md), Bitcoin will calculate transaction fees for you. This is done using Floating Fees, where the `bitcoind` watches how long transactions are taking to confirm and automatically calculates for you what to spend.
You can help control this by putting rational values into your ~/.bitcoin/bitcoin.conf. The following low-cost values would ensure that there was a minimum transaction fee of 10,000 satoshis per kByte of data in your transaction and request that the floating fees figure out a good amount to get your transaction somewhere into the next six blocks.
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