Still something I don't understand. If I send a bitcoin now. The transaction will be accepted in the next block because the miners are already working on the block at the moment, right ?
Your transaction will be included in the next block if you pay enough fee for that. As each block has a size limit and can't include any number of transactions, miners prioritize transactions based on their fee rate. Or can they add unconfirmed transactions while they are solving the block ?
As I said in my previous post, each of miners has a candidate block. Miners can add new transactions or remove the exisiting transactions from the candidate block when they are trying to solve the block. So, whenever you broadcast your transaction, it can be included in the next block, assuming the fee rate you set for it is high enough. |
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If you use the same fee rate, they'll probably confirm in the same block.
Just to be more accurate: If you use the same or higher fee rate for the second transaction, both transactions will be probably confirmed in the same block. |
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They are all working together, right ? So they all choose the number of transactions in the next block, and then they ALL work to find the hash ?
All miners are trying to solve the blocks at the same time and each of them can have their own candidate block. Once you make a transaction, it goes to mempool of the nodes. Miners can pick any of the transactions they want from the mempool and put them in their candidate block. There is nothing forcing them to include or not include a certain transaction. |
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1) If I check a blockchain explorer, I see that some blocks are mined very fast and others not. Some blocks have only 100 transactions in it
Miners are free to pick any number of transactions they want as long as the block size doesn't exceed 1 MB. Edit: I forgot to mention that witness data are not counted in the 1 MB limit and any block can include up to 1 million virtual bytes or 4 million weight units of transactions. 2) It takes approximately 10 minutes per block to be mined. If I make a transaction, my transaction is validated before a new block is mined ? If not, do I have to wait 10 minutes between 2 transactions ?
10 minutes on average, not exactly 10 minutes. Your transaction will have the chance to be mined in the next block. Depending on the fee rate you set for the transaction, it may take more time to be confirmed. 2.1) Every information added in a bloc that will be mined change the hash. Is some transactions added in a block DURING the time the miners are working to find the right hash ?
Miners make a candidate block and can add or remove transactions from the candidate block until the block is mined. |
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1. If you planned on making a transaction, you need to create a new paper wallet after the fact for security purposes.
Assuming you use your paper wallet in the correct way and sign your transaction offline, there is no need to create a new paper wallet every time you make a new transaction, unless you want to use a different change address due to privacy reasons. |
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Some few weeks back, I started a topic/thread in the gambling discussion board, it was welcomed and housed alot of contributions from the community.
Almost any thread created on gambling sections include many pages and that doesn't mean you made a quality topic. Topic/Thread was about the currently ongoing Qatar 2022 World Cup, it was one I am supposed to keep updated as new developments show up, and of course I had that in mind..
Is this the topic you are talking about? Biggest Surprises In The World Cup History. (Archived by ninjastic.space)
Mostly, when a post is moved to trashcan it can be recovered by mods, and not if it got deleted.
Global moderators, not all moderators. For more information, read the post made by Xal0lex. |
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It's good that you are using electrum instead of keeping your coins on an exchange. Now you have full control over fund and note that the delay in confirmation of your transaction isn't electrum's problem.
Transactions are prioritized based on their fee rate. The more fee rate you set for your transaction, the faster it can be confirmed.
As mentioned by khaled0111 above, your transaction has an unconfirmed parent. That makes the situation worse.
If you aren't in hurry, just wait. I expect your transaction to be confirmed in the next 24 hours.
If you are in hurry, you can bump the transaction fee. Of course, since you are transacting only 9000 sat, I don't think it's worth it.
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I thought importing private key in electrum will only give me the address I'll import and if I can't specify the change address, where will it be gone?
You can always specify your change address in electrum. To do so, you can use "pay to many" feature and add your change address as one of the receiving addresses. Assuming I want to send 0.01 BTC to address A and the change to address B, I should fill the "Pay to" field as follows. Address A, 0.1
Address B, !
"!" means sending all the remaining balance to address B. Note that you may need using coin control feature to avoid extra inputs. |
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I don't know should I call it disadvantage or a cautious- If I'm correct, when you import your paper wallet private key, you have to spend all the coins at once because if you use small amount, the change may get lost. So, first you should import the key and send all the fund at once into your another wallet. After that, you can spend small amount.
In the case you want to spend a partial amount, the remaining balance will be lost if you make a transaction with createrawtransaction and don't specify the change address. In that case, all the remaining balance will go to the miners. You will also lose the change if you use a wallet which generates a new address for the change and you delete the wallet after the transaction without backing up the private key of the change address. If you create a wallet in electrum with a single private key and make a transaction, the change will be sent back to your paper wallet address and you won't lose anything. |
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It is important for me to say that after you press the "create" button, 12 phrases will appear for you to save properly by noting them in a paper book or other supporting tool to remember them because the application does not allow schrenshooting, if on your android it supports schrenshooting then no anything.
Even if your phone allow you to take screenshot from the the seed phrase, you shouldn't do that. You should keep your seed phrase in a secure place. If your seed phrase is on your phone and you lose the phone for any reason, your fund is lost. With keeping the seed phrase on your mobile, you also increase the probability of your fund being stolen by hackers. |
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Also, it is not going to be easy if you're going to have a lot of transactions, you could just use web wallets or something like coinbase when you just want to have fun and wanted to buy some cryptocurrency,
Even if you are going to spend your bitcoin every day, it's not recommended to use web wallets. Most web wallets are custodial and even the most popular web wallet, blockchain.com which gives you access to your keys is still close source and vulnerable to hacks. You can use electrum for your daily transactions. |
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AS per my understanding, we can go offline and generate keys on Bitaddress.org. am i correct and is it Good?
You can use bitaddress offline, but with going offline, creating the paper wallet and going online again, you don't really increase your security. If you want to be completely secure, you should create your wallet on an air-gapped device. This means that you should use a device which has been always offline and will be never online. |
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Most are saying that if you hold big amount BTC you choose paper wallet. what is the reason behind that?
What matters is that your private key(s) shouldn't connect to the internet, so your wallet is secure and protected against hackers. Paper wallet is recommended because your keys are on a paper and there is no way for a hacker to access your paper. Take note that if you don't generate your paper wallet properly, it wouldn't provide the security it should. For example, if you generate your paper wallet using an unsafe tool, it's possible that all your fund is stolen. Or if you generate your keys on an online computer, it wouldn't be a cold storage and wouldn't have a big difference with an online wallet. |
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I don't know if I'm the only one who got it since nobody is talking about it
No. You are not the only one who have got this error from cloudflare. Visit the topic created by JollyGood. Cloudflare error 524 Problems (now locked) |
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PlagiarismUser: Naveed2166 banned. Post: Best wallets for Bitcoin ( Archived.) Copy-pasted from: The Best Bitcoin Wallets of 2022 - InvestopediaBitcoin has gained widespread acceptance and continues to grow in popularity. Unlike stocks at a stock brokerage, you can withdraw your cryptocurrencies from a crypto exchange and store them in an outside wallet. The best Bitcoin wallets make it easy (and maybe a little fun) to securely store and manage your crypto portfolio.
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Your account won't be logged out on other devices if you log out it on one of your devices.
Charles-Tim is right. Once you log out from your account on one device, you are automatically logged out on all other devices as well and will have to login to your account again. |
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If your device is lost, you can easily login to your account using another device and change your password.
If someone has access to your bitcointalk account and changes the password before you, you still have the option to reset your password via your email.
If someone has access to your account and changes the email address, you have two weeks for locking the account.
You can also stake a bitcoin address.
If you lose access to your account for any reason, you will be able to sign a message from that address and prove your ownership over the account.
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Tried that on Coinomi, is it possible I'll find them differently with Electrum or BlueWallet?
As far as I know, Coinomi generates the legacy wallet on the derivation path of m/44'/0'/0' as well. If you don't see your balance on Coinomi, maybe the xpub you used for creating the watch-only wallet has been derived on a different derivation path. Didn't you create multiple wallets on Trezor? If I am not wrong, it should generate the second wallet on derivation path of m/44'/0'/1', the third wallet on m/44'/0'/2' and so on. |
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@xanto can you elaborate what you mean by this question you private messages me?
Ignore any message you receive via pm and don't share any sensitive data like seed phrase, private keys, etc. Anyone who really wants to help you will post in the public.
How do I recover access to the funds? Tried creating a legacy address on trezor, but that's didn't reveal the missing Sats.
Import your seed phrase into electrum or bluewallet itself and generate the wallet on the derivation path of m/44'/0'/0'. |
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Scanned qr code zpub/xpub from Trezor suite.
zpub/xpub is the master public key used for deriving individual public keys and addresses of an HD wallet. A master pubic key starting with xpub is used for deriving legacy addresses and a master public key starting with zpub is used for deriving segwit addresses. You imported a xpub and created a legacy watch-only wallet, not a taproot wallet. |
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