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Bitcoin => Electrum => Topic started by: vnck25 on August 12, 2017, 07:27:51 AM



Title: Satoshis stuck on Electrum wallet, how to transfer them to a coin exchange ?
Post by: vnck25 on August 12, 2017, 07:27:51 AM
Hi there,

Because of the SegWit I transferred my Bitcoins from one Electrum wallet to another new one so I can claim Bitcoin Cash. Unfortunately, I did not transfer all of my Bitcoins to the new wallet and now there's 10,500 SATs stuck in my old Electrum wallet. I cannot get them because of the low balance. In order to completely ( with a zero balance, not like the first time! ) transfer the amount to somewhere else, what should I do ?
If I need to deposit some Sathoshis so that the total in the old wallet is enough to fully withdraw the balance, then what is the MINIMUM Sathoshi amount that I need to transfer to the old Electrum wallet ?

Thanks!

VNCK25


Title: Re: Satoshis stuck on Electrum wallet, how to transfer them to a coin exchange ?
Post by: HCP on August 12, 2017, 11:29:20 AM
A minimum sized transaction would be around 192 bytes... at current rates of around 100 sats/byte recommended fees, you would need a fee of 19200 satoshis to send that transaction. Those satoshi's are now effectively dust and should just be forgotten.

I don't even think you could try a low manual fee of 10sats/byte and try the ViaBTC accelerator as if you used fee of 1920 sats, I think the 8500 sats left over for your output would be classifed as dust and ViaBTC would refuse to accept that transaction.

Honestly, just let those sats go until BTC is worth like $100,000 :P


Title: Re: Satoshis stuck on Electrum wallet, how to transfer them to a coin exchange ?
Post by: Coin-Keeper on August 14, 2017, 10:07:44 PM
Whatever you do though keep the keys for those SATs.  Down the road that could be worth more than you might think.  Maybe a few hundred bucks in a few years and the transaction process might get better too.  There is going to have to be a way for folks with "dust" to gather it.  Mostly thinking if the coins become worth 25K or so.  Its not out of realm.


Title: Re: Satoshis stuck on Electrum wallet, how to transfer them to a coin exchange ?
Post by: pooya87 on August 15, 2017, 04:29:05 AM
you don't need to get the coins out to claim bitcoin cash. it is recommended to do so in case something was wrong with the wallet, transaction ,...
you have already transferred your main amount outside of this wallet to a new wallet and your main stash is safe. there is very little to no risk for your 10K satoshi. so let it stay there.

now to still have that, you can just hold on to it for the future as @Coin-Keeper said.

if you want to do what @HCP said, next time you want to make a bitcoin transaction, you can export that individual private key and import it in a new wallet without seed, then also import your other bitcoin key that you want to spend from in that new wallet and make a new transaction using both keys.
here is a detailed calculation:
~ assuming your private key is starting with K or L (is compressed)
if 10.5K is in 1 output it will increase the size of your tx by ~148 bytes and you will pay 1,480
if 10.5K is in 2 output it will increase the size of your tx by ~296 bytes and you will pay 2,960
if 10.5K is in 3 output it will increase the size of your tx by ~296 bytes and you will pay 4,440
... (it is probably 1 but since it may be your change address i said multiple)

~ assuming your private key is starting with 5 (is uncompressed)
if 10.5K is in 1 output it will increase the size of your tx by ~180 bytes and you will pay 1,800
if 10.5K is in 2 output it will increase the size of your tx by ~360 bytes and you will pay 3,600
if 10.5K is in 3 output it will increase the size of your tx by ~540 bytes and you will pay 5,400
...
now check to see if it is worth it :D