Bitcoin Forum

Other => MultiBit => Topic started by: TauMuon on January 31, 2014, 11:38:03 PM

Title: Transaction Fee Too High - Coins Are Stuck? [SOLVED]
Post by: TauMuon on January 31, 2014, 11:38:03 PM

Hello!

I downloaded and tried Multibit today, and sent over ~ BTC0.045.

I now want to send this amount, but I cannot; the 'spendable amount' is still reading BTC0.00

Anything I can do?

I appreciate any help! :)

Edit: it fixed itself!

Title: Re: Transaction Fee Too High - Coins Are Stuck? [SOLVED]
Post by: RogueDog on February 02, 2014, 02:39:32 PM

Yea not sure why multibit decides to put a hold on $46 of my btc while it waits for a $10 transaction to confirm

Title: Re: Transaction Fee Too High - Coins Are Stuck? [SOLVED]
Post by: R2D221 on February 02, 2014, 06:07:37 PM

This is all related to how change works:
https://en.bitcoin.it/wiki/Change (https://en.bitcoin.it/wiki/Change)

Basically, if you received BTC0.50, and then you try to send BTC0.20, you are actually sending the whole:

BTC0.20 to whoever you are sending
BTC0.30 to yourself as change

Since this is a transaction and it needs to be confirmed (approx. 10 minutes), then you need to wait to be able to spend your money again.