- Aug 16, 2017
This acts as a forum for all InstantSend and PrivateSend Questions
Thank youThere is no transaction to/from masternodes. The masternodes only assist the transaction from person A to person B, or in the case of PS mixing, from person A back to person A.
In my experience using PrivateSend, this is incorrect. If you attempted the transaction as described using Dash Core you would get a message saying something like "unable to make PrivateSend transaction" and you would have to make it a normal send to complete the transaction.the 0.0099 difference (about $2.97) will go as a generous bonus to the miner.
sorry - wrong guyI'm not an expert, but @tungfa may be able offer greater insight.
In my experience using PrivateSend, this is incorrect. If you attempted the transaction as described using Dash Core you would get a message saying something like "unable to make PrivateSend transaction" and you would have to make it a normal send to complete the transaction.
You will notice that your PrivateSend denomination look something like this "10.00001", "1.00001", "0.10001", etc. The purpose of that trailing 0.00001 is to pay the mining fee and that is the only mining fee paid in a PrivateSend transation.
Using your example of sending 0.51 Dash via PrivateSend, the transaction would look like this:
PrivateSend denominated inputs:
which would mean a 0.00006 miners fee.
I figured this out when I was confused that I couldn't do a 1.5 Dash PrivateSend transaction even though I had a 10 Dash PrivateSend balance. The problem was that I didn't have enough low-denominated PrivateSend inputs to assemble the transaction.
Another principle of PrivateSend is that they are transactions that can never have change because change addresses can be used to track the sender. So to complete a PrivateSend transaction you have to have the exact right denominations (think of it as exact change) to assemble the transaction.
And.........12.2 is live. Or, it's sorta live, and it will go completely live when a certain percentage of MN switch over. Something like that.Thanks @seascape. It will be interesting to see @UdjinM6 assessment.
BTW - with the release of Dash Core 12.2, I believe the fees are going down by a factor of 10.