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Title: Will my transfer go through without a fee? Post by: johnmack99 on June 06, 2011, 11:17:50 AM Hi,
I mistakenly transferred 81btc from the bitcoin client to mtgox whilst my transaction fee was set to 0.00. It is currently showing up as 0/unconfirmed in the bitcoin client. Will the transaction eventually be sent, and if so how long would it take? And is it too late to somehow add a fee to it? Thanks Mack Title: Re: Will my transfer go through without a fee? Post by: johnmack99 on June 06, 2011, 11:21:57 AM One more thing... Mtgox states that the address is valid for 24hours. What happens if it takes longer than 24hours to be sent?
Title: Re: Will my transfer go through without a fee? Post by: caveden on June 06, 2011, 11:24:02 AM The protocol allows you to add fees to a transaction. You just have to "double-spend" it, but on the second spent, add a fee. Miners will add the aying transaction and the other one will be rejected as a double-spend.
That said, I'm not aware of any client implementation that allows you to do that.... so, unless you want to implement it on your own, you can only wait. It might take days to be accepted. Title: Re: Will my transfer go through without a fee? Post by: caveden on June 06, 2011, 11:26:30 AM One more thing... Mtgox states that the address is valid for 24hours. What happens if it takes longer than 24hours to be sent? Oh, then you might have a problem. I don't know what does that mean, I hope MtGox won't simply delete the keys.... maybe they will delete the association of that address to your account, but then it can be recreated manually. (what's the point in making a deposit address temporary?) I would contact them. Title: Re: Will my transfer go through without a fee? Post by: johnmack99 on June 06, 2011, 11:39:25 AM Hi Caveden and thanks for your replies.
I am new to bitcoins and have no programming knowledge so I would have no idea how to implement the double spending! I emailed MTgox to see what they say. It would really suck if I were to lose all my bitcoins :( Title: Re: Will my transfer go through without a fee? Post by: Hawkix on June 06, 2011, 11:58:40 AM Simply wait a few blocks. Almost for sure it will become confirmed.
Title: Re: Will my transfer go through without a fee? Post by: johnmack99 on June 06, 2011, 12:18:14 PM hi hawkix and thanks for replying. Excuse my ignorance but what do you mean by "wait a few blocks"?
Title: Re: Will my transfer go through without a fee? Post by: kokojie on June 06, 2011, 01:05:37 PM The transaction should be fine without a fee. Every transfer to mtgox was done without a fee, and all of them were fine.
Title: Re: Will my transfer go through without a fee? Post by: caveden on June 06, 2011, 02:57:28 PM It would really suck if I were to lose all my bitcoins :( You won't lose them as long as MtGox doesn't lose the keys for the deposit address. Except that, in the worst possible scenario (all miners stop accepting free transactions from now on) your coins will be "locked" until somebody provides you means of adding a fee. But there are many miners still accepting free transactions I think, so don't worry, it will just take a while but it will get included in a block. |