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Offline networker

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transaction too large?
« on: March 20, 2014, 12:15:21 PM »

Today I tried to send 1500 MMC to another address from my wallet. But it shows "transaction too large" error. Why did this happen? I don't think 1500 MMC is a "large" transaction. When I change the number from 1500 to 500, it worked but need 3.75 MMC transaction fee.
Can someone explain why 1500 MMC is a large transaction. Thanks!

Offline seraphim

Re: transaction too large?
« Reply #1 on: March 20, 2014, 02:16:48 PM »
It's because of how the blockchain works. The pools pay out as soon as your balance there is 0.5 MMC. All these payouts come in on a different block. When you try to send 1500 MMC at once the transaction would have to include data from 3000 blocks.

The transaction is not too large by coins, but by data size. That's also the reason for the high tx fee for your send of 500 - the fee is determined by how many kB of data the transaction needs.

« Last Edit: March 20, 2014, 02:19:16 PM by seraphim »
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Offline networker

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Re: transaction too large?
« Reply #2 on: March 25, 2014, 03:11:57 AM »
I see. Thanks!

Offline Delinquency

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Re: transaction too large?
« Reply #3 on: March 26, 2014, 05:29:25 PM »
Thats a downfall for instant auto payouts. I guess if you send MMC to your bter address they only charge 0.1MMC for a withdrawal.

The transaction fee is not that bad, but the method is probably used to save a few dimes.

 

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