Trying to understand 50 Doge fees on 1 Doge with default 0.01 fees #2747
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Hello to all :) Im confused about this that happend to me now trying to make some more testes on NFT's :) Can anyone try to explain why? Command send signed and send thanks in advance :) |
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Replies: 2 comments 17 replies
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Oof. So, the command you've sent is basically:
Notably, you've not told it what to do with the rest of the transaction output being spent in step 1, and while if you simply told it to send coins it would have sent the rest to a change address, with createrawtransaction it just presumes you know what you meant. However the fee is the difference between the input value and the output value, and so if you spend 51.09214078 DOGE and output 1 DOGE, the 50.09214078 are burnt as fee. Does that help? |
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Oof.
So, the command you've sent is basically:
Notably, you've not told it what to do with the rest of the transaction output being spent in step 1, and while if you simply told it to send coins it would have sent the rest to a change address, with createrawtransaction it just presumes you know what you meant. However the fee is the difference between the input value and the output value, and so if you spend 51.09214078 DOGE and output 1 DOGE, the 50.09214078 are burnt as fee.
Does that help?