Okay. Thanks for the help from you two guys.
Regarding my wallet and the issues in question - is there anything I should be worried about?
As mentioned above you can't do anything about those dust amounts. Most likely you will have to pay the tx fees for those when you spend from your wallet. The only other thing I can suggest is to upgrade to the latest electrum version because it handles tx fees better than older versions. |
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On the tool bar of my wallet - the word 'Coins' has appeared! It's never been there in the past.
Any ideas as to how or why 'Coins' has suddenly appeared?
When I opened up 'Coins' two small amounts of bitcoin were revealed. The transaction fees for spending these coins would far outweigh the value of the coins. How do I delete these coins?
Also, when I opened 'Addresses' some of the 'used' addresses had the number 2 next to them underneath the heading 'TX'. Can anyone explain why the number 2 should be next to these specific addresses?
Any help would be appreciated.
Thanks
The coins tab is used for coin control - fine grained selection of inputs in a transaction. You can't delete teh coins. Leave it to electrum to figure out how to handle them. You can hide the coins tab by going to wallet menu > coins. The TX column on the addresses tab lists the number of transactions associated with an address. 2 means the address received some bitcoins and then those bitcoins were spent or moved to another address. You can hide the addresses tab by going to wallet menu > addresses. |
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You have more than one wallet on your computer. Make sure you pay attention to the wallet name in the electrum window title. You don't want to receive money to a 2fa wallet you can't spend from.
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You can use file menu > save copy to save a backup of the wallet file.
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You don't need the bip39 option. In fact you shouldn't be using the bip39 option unless you are restoring another software's wallet in electrum. That is because electrum may drop support for bip39 in future.
I don't foresee Electrum dropping bip39 support in the future. Hardware wallets use bip39 so dropping support for this would also make the hardware wallets no longer function. bi39 is the standard for seed mnemonics. When it comes to HW wallets the seed mnemonic stays in the HW wallet. It is only shown to the user on the display for backup purposes. Electrum never gets to handle it because that would defeat the purpose of using an HW wallet (private keys, such as those derived from a seed, remain on the HW wallet). So bip39 support is not required in order to support HW wallets. You can see here that ThomasV has said he can't guarantee bip39 support will always be there. Sidenote: is there a decent link where I could study the math on just how secure the extend seed option would be at "hiding" a wallet. Is it basically the same math used by my Trezors in creating hidden wallets. Sounds identical. Love math, links?
You can see the code here. It's running the mnemonic through a key derivation function. The custom words are used as salt. This is a function first proposed (ironically enough) in the bip39 standard. |
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KB refers to kilobytes. The amount of space the tx takes up in the blockchain not the amount of bitcoins transferred. The size of the transaction is determined by the number of inputs and outputs. A typical transaction with 1 input and 2 outputs is about 226 bytes in size. So 0.00422465 btc/KB will result in a 0.00093 btc fee for a typical 226 byte transaction. There is an image here that will go some way towards explaining what an input and output is: https://bitcoin.org/img/dev/en-transaction-propagation.svgIf you have a lot of small inputs like small payments from faucets then that can result in a large transaction with high fees. Since the bitcoin supply is fixed when some people lose bitcoins it means that all the remaining bitcoins become that much more valuable. Thanks, really appreciate the reply. However, if 99% of the people no longer have access to their bitcoins, then doesn't that mean that there are fewer people who will accept bitcoins to buy stuff? I doubt that if 1 bitcoin is left that it will be worth billions of dollars and everyone else will then share fractions of a single bitcoin. Maybe I'm obtuse but it's pretty counterintuitive. yes if 99% lose all their coins then it'll certainly turn them off bitcoin. i thought you meant the normal levels of losses due to mistakes . |
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KB refers to kilobytes. The amount of space the tx takes up in the blockchain not the amount of bitcoins transferred. The size of the transaction is determined by the number of inputs and outputs. A typical transaction with 1 input and 2 outputs is about 226 bytes in size. So 0.00422465 btc/KB will result in a 0.00093 btc fee for a typical 226 byte transaction. There is an image here that will go some way towards explaining what an input and output is: https://bitcoin.org/img/dev/en-transaction-propagation.svgIf you have a lot of small inputs like small payments from faucets then that can result in a large transaction with high fees. Since the bitcoin supply is fixed when some people lose bitcoins it means that all the remaining bitcoins become that much more valuable. |
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You don't need the bip39 option. In fact you shouldn't be using the bip39 option unless you are restoring another software's wallet in electrum. That is because electrum may drop support for bip39 in future.
Instead just use the extend seed with custom words option. Then you can add your own word(s) to create a different wallet with the same seed. It can be as simple as a number 1,2,3 etc.
However each wallet will have to be opened separately. And you can only view one wallet in a window at a time. There won't be any mixing of funds between the wallets unless you explicitly choose to mix them by sending from one to the other.
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restart electrum or choose another server via tools menu > network
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Wow I didn't know you could send ltc to a bitcoin multisig address.
newinbitcoins what type of wallet is your btc wallet? What does it say in the electrum btc window title bar?
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Except it wasn't actually dust. I had just transferred everything from Bitcoin Core into Electrum with a single transaction. So everything was under a single address. The transaction size would still be the same.
He's talking about the transaction output not the inputs. Try reading what he wrote again. Electrum has to avoid your wallet filling up with small meaningless amounts that you can't spend. It's why we use software like electrum to manage our coins for us. |
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@hexafraction: Thanks for explaining what JSON is. I opened it up and it doesn't look like what you describe for JSON, so I guess its possible, a good chance that its not electrum...hmmm.
@hcp: There are indeed a bunch of random characters and it looks like alien code or something. Possibly litecoin core wallet? dont know... will look into it further on litecoin forums. but can't say that I remember downloading the entire network in the past... but maybe i did .. who knows.
I just know one thing and that is its a real issue that i cant open this file, when i never encrypted this wallet and saved it on to a local external drive. Electrum should have warned us a little more visibly on their website that this could've been an issue in the future.
a big part of it is my fault for not saving the private keys, which was a class-a stupid thing to do, but i did test it after saving and opened it right up, so i figured, it would be fine in the future. I wouldn't have ever imagined this being an issue.
oh well... live and learn
It is not an electrum wallet so stop dissing electrum. Electrum wallets were human readable json like code. It didn't offer full wallet encryption back in 2013 so that does not apply to your situation. |
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Wherever you transferred the money from is the source of this problem. Post the tx id if you want us to take a closer look.
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@OP this is the forum for the bitcoin version of electrum. you won't get good answers for your litecoin version. however the contents of electrum wallet files is human readable so see if opening the file in a text editor yields json like code. google what json looks like if you are not sure.
@nerioseole old versions of electrum used to call the wallet wallet.dat. OP has stated above that he is using an old version.
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You can import it if you specify bip39 like the OP has.
You can import it but it won't work properly. MBHD uses the derivation path of m/0'/0 to generate addresses (m/0'/1 for change addresses). Electrum uses the BIP44 standard derivation paths of m/44'/0'/0'/0 and m/44'/0'/0'/1 My bad. You are absolutely right. I was going by what I read in this file linked here: https://bitcointalk.org/index.php?topic=1000544.0 so I thought multibit HD used bip44. Electrum's derivation path for it's native seeds is given here but for bip39 seeds it is indeed bip44. So OP you are going to have to send the bitcoins from multibit to an address in your electrum wallet using multibit HD. |
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Electrum doesn't broadcast transactions. It is electrum servers that do it. A solution has been presented to you in another thread. Do a CPFP tx and then get a refund from the person you sent the money to. Otherwise just wait it out.
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Instead of using the portable app... you just use "new/restore" and give the wallet a different name from your original wallet...
It is a travesty that it took until post #7 for someone to suggest this! I guess no one else bothered to read the OP's post to completion! I also was able to open the encrypted wallet showing the balance with my text editor. As expected it shows no seed words, however it does show long lists of characters under "seed" and "xprv". I don't suppose there is any trick or program that could use either or both of them to produce the seed words?
Thanks
The seed and xprv are encrypted using your password so without the password or the seed words there is nothing you can do. Try to recall the password. If you know enough of the password you can try to bruteforce it using tools like these: https://github.com/gurnec/btcrecover/Or the services offered by walletrecoveryservices.com |
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