Specifying fee amount using bitcoinjs

1

I'm currently playing with bitcoinjs (https://bitcoinjs.org/) and I'm creating offline transactions that I broadcast over the network after.

I've successfully create my first transaction using this : https://medium.com/@orweinberger/how-to-create-a-raw-transaction-using-bitcoinjs-lib-1347a502a3a

But it seems my transaction is stuck since I haven't put enough fee on it to get it mined.

How using a var tx = new bitcoin.TransactionBuilder(); can I set the fee to a certain amount ? Is this calculated using a default value ?

Thank you for your help !

Jérémy Seban

Posted 2017-08-08T17:20:27.970

Reputation: 11

Answers

2

The fee is the sum of unspent value in a Transaction.

Aka the value NOT SENT by your outputs.

fee = in - out

For an example, if we assume the input aa94ab02c182214f090e99a0d57021caffd0f195a81c24602b1028b130b63e31, 0 has an unspent value of 15000...

var txb = new bitcoin.TransactionBuilder()
txb.addInput('aa94ab02c182214f090e99a0d57021caffd0f195a81c24602b1028b130b63e31', 0)
txb.addOutput('1Gokm82v6DmtwKEB8AiVhm82hyFSsEvBDK', 15000)

When we send 15000 to 1Gokm82v6DmtwKEB8AiVhm82hyFSsEvBDK, the fee is the value of the inputs minus the value of outputs.

in:15000 - out:15000 = fee:0

For a fee to be non-zero, in > out is required.

deceleratedcaviar

Posted 2017-08-08T17:20:27.970

Reputation: 131

Asked: 2017-08-08T17:20:27.970

Viewed: 606 times

Active: 2017-08-09T06:04:59.750