From c8008cfca5d18da8f4663206e2f45a566949a683 Mon Sep 17 00:00:00 2001 From: Shannon Appelcline Date: Wed, 7 Jun 2017 12:08:20 -0700 Subject: [PATCH] Update 4_1_Sending_Coins_The_Easy_Way.md --- 4_1_Sending_Coins_The_Easy_Way.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/4_1_Sending_Coins_The_Easy_Way.md b/4_1_Sending_Coins_The_Easy_Way.md index 38c6ded..5f8fe09 100644 --- a/4_1_Sending_Coins_The_Easy_Way.md +++ b/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 [ยง4.5: 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. ```