Bitcoin Forum

Bitcoin => Wallet software => Topic started by: mambo77 on March 19, 2017, 10:44:22 PM



Title: ---
Post by: mambo77 on March 19, 2017, 10:44:22 PM
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Title: Re: BTC Impossible to transfer
Post by: Jannn on March 20, 2017, 09:16:21 AM
Just contact the developer of that wallet and asked them your problem that encountered in your wallet.


Title: Re: BTC Impossible to transfer
Post by: NeuroticFish on March 20, 2017, 09:27:36 AM
From what I calculated, if you want to send 0.1BTC to another address the transaction would cost ~ 0.02453984BTC because of the number of inputs.

(100 inputs * 180 bytes + 34 + 10) * 136 sat/byte (size calc (http://bitcoin.stackexchange.com/questions/1195/how-to-calculate-transaction-size-before-sending), fee info (https://btc.com/stats/unconfirmed-tx)). Keep in mind that the optimal fee was different when you tried the send and will be different when you'll read this post.

Since you have 0.179BTC, the transaction should be possible.


Title: Re: BTC Impossible to transfer
Post by: eule on March 20, 2017, 09:54:12 AM
Perfect illustration of the problem with Bitcoin: To transfer the funds he has to pay a 13.5% fee.

Not a typical usecase for sure, but it will become more and more common in the future if nothing is done.


Title: Re: BTC Impossible to transfer
Post by: mambo77 on March 20, 2017, 10:02:23 AM
Thanks for you answers...there is another thing that I do not know if it can be helpful or not:

in the past some of these incoming transactions had a very very big delay (days) and checking my balance it looked like some incoming transactions were disappearing and appearing again...is it possible that some of them did not "appear again" and the BTC address as a sort of "pending transactions" that generate this issue?



Title: Re: BTC Impossible to transfer
Post by: shorena on March 20, 2017, 11:42:39 AM
Perfect illustration of the problem with Bitcoin: To transfer the funds he has to pay a 13.5% fee.

Not a typical usecase for sure, but it will become more and more common in the future if nothing is done.

 ::) Typcial problem with fiat currency, when you get paid in pennies you need to rent a truck to get your money home.

A 0.1 Bitcoin payment is easily possible with a ~40k satoshi fee, which equals to ~0.4%.



Thanks for you answers...there is another thing that I do not know if it can be helpful or not:

in the past some of these incoming transactions had a very very big delay (days) and checking my balance it looked like some incoming transactions were disappearing and appearing again...is it possible that some of them did not "appear again" and the BTC address as a sort of "pending transactions" that generate this issue?

Its possible that part of your balance has not been confirmed yet, but your wallet should filter that.


Title: Re: BTC Impossible to transfer
Post by: mambo77 on March 20, 2017, 06:40:39 PM
Perfect illustration of the problem with Bitcoin: To transfer the funds he has to pay a 13.5% fee.

Not a typical usecase for sure, but it will become more and more common in the future if nothing is done.

 ::) Typcial problem with fiat currency, when you get paid in pennies you need to rent a truck to get your money home.

A 0.1 Bitcoin payment is easily possible with a ~40k satoshi fee, which equals to ~0.4%.



Thanks for you answers...there is another thing that I do not know if it can be helpful or not:

in the past some of these incoming transactions had a very very big delay (days) and checking my balance it looked like some incoming transactions were disappearing and appearing again...is it possible that some of them did not "appear again" and the BTC address as a sort of "pending transactions" that generate this issue?

Its possible that part of your balance has not been confirmed yet, but your wallet should filter that.

as far as I can see all transactions are confirmed...how to figure out if there is any old unconfirmed transaction?


Title: Re: BTC Impossible to transfer
Post by: HCP on March 21, 2017, 05:46:31 AM
So you have the private keys for that address?

If so, surely you can just import the private keys into a wallet that lets you specify fees manually... then you can just create your own transaction (with whatever fee you want) that will consolidate the funds into another address...

WARNING: looking at the history of that account and what the others have calculated... the data size of the transaction to consolidate all those inputs will be HUGE. It seems you have something like 200 inputs to that address all at 0.001 BTC???

Anyway, if you go for the 120 sat/byte "recommended" fee, it is going to get quite costly... you can always choose something smaller and hope for the best... pick a time when the mempool is not flooded with transactions, say less than 10K unconfirmed transactions... and then I would even suggest making sure your transaction has at least a 0.0001BTC/KB fee (that's only about 10 sat/byte) and then using the ViaBTC Transaction Accelerator (https://www.viabtc.com/tools/txaccelerator/) to try and get your transaction pushed through...


Looking to the future, is there anyway you can get these transactions bundled together? I assume it is an automatic payment from some activity... can you set the payment threshold to something higher, so you get say 10x 0.01 BTC payments instead of 100x 0.001 BTC transactions?






Title: Re: BTC Impossible to transfer
Post by: NeuroticFish on March 21, 2017, 09:14:57 AM
The sad thing is that many people trying to get money from faucets will face this sooner or later.
I was lucky enough to learn this years ago, when the fees were much smaller, before I've got to spend too much time with faucets.


Title: Re: BTC Impossible to transfer
Post by: shorena on March 21, 2017, 09:22:23 AM
-snip-
as far as I can see all transactions are confirmed...how to figure out if there is any old unconfirmed transaction?

You'd need to know that you are missing a specific payment or a TX ID.

-snip-
Looking to the future, is there anyway you can get these transactions bundled together? I assume it is an automatic payment from some activity... can you set the payment threshold to something higher, so you get say 10x 0.01 BTC payments instead of 100x 0.001 BTC transactions?

A higher threshold is usually a good idea, yes. On the other hand it is still possible to get 0-fee transactions confirmed. I recently saw one that waited 266 days for a confirmation. It will probably take even longer now.