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October 06, 2024, 12:27:51 PM *
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1  Bitcoin / Wallet software / Re: Unconfirmed transaction on: September 26, 2024, 01:07:02 AM
I'm using Bitcoin Core.
It's an address from long time ago with quite a few transactions (I used to play and participated in a lot of bitcoin marketplace for fun when I was in college). The total transaction total size came up to 17243 bytes. So, even with 1/vKB, transaction fee came up to 0.00017243 BTC. Left the BTC marketplace since then; therefore wallet has a small amount.

When I make the recent transfer out, I used the total amount minus the fee with $0.00000000 left in the wallet. Therefore, RBF (replace-by-fee) or increasing the fee is not an option because the wallet essentially has 0 satoshi left.

I haven't been using / following BTC besides the brief period in the early days (without aging myself) and totally unfamiliar with most of the terminologies. I apologize. Therefore, I'm not sure how else (besides waiting) for the return and re-issue the transaction. Anywhere anyone can point me to request for the return would be great.

Thank you

Cancelling a transaction is the same process as double spending it to the destination address, you bump the fee and spend it back to your wallet and in the end only enrich the miners and achieve nothing, so its better to bump the fee and send it to the destination address, but in the case of OP, he has literally no spare and he would have to wait for as long as it takes for it to drop back to the wallet if at all it would happen, unless he deposits some coins into the wallet to bump the fee, but in his case it makes no sense since the funds he is sending across is very little.

Exactly the situation. Don't know how to thumbs up; but, appreciate the understanding.
Hence, the conundrum. And function of BTC besides an invest-able asset class. The early original idea of replacing fiat is not feasible.
2  Bitcoin / Bitcoin Discussion / Problems with BTC transactions? on: September 22, 2024, 08:49:41 PM
I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Thoughts? Ideas? Are my sentiments wrong?
3  Bitcoin / Wallet software / Re: Unconfirmed transaction on: July 20, 2024, 07:59:41 PM
It could take a month or more before the transaction is dropped. You can't really tell when as most times the node of the wallet you used keeps broadcasting it as long as it's not below the purge fee. for luck that a miner  may confirm it which will likely never happen depending on the fees.
It is 14 days on Bitcoin Core by default for unconfirmed transactions to drop. So it should not take more than 2 weeks for the transaction to drop from mempool.

@New2024, what wallet did you use? I am asking to know if you can use replace-by-fee or not.

I am using Bitcoin Core version v27.0 zip version. No idea what's replace-by-fee until this morning. Nor what wallet I used. Previously had older version of Bitcoin Core; I read I just need to copy the wallet.dat file from my old laptop (which I did), downloaded the current Bitcoin Core version on my new desktop, drop in the wallet.dat file and ran. It looks like it's all caught up when I send out on July 4th, 2024.



It is not the nodes that keeps broadcasting it but rather the wallet or exchange sometimes does. What happens why it is prolonged like that is that some nodes might still have it in their mempool even after two weeks due to differences in each nodes settings. And that’s why you still see It even after you might feel it should be dropped. The thing to do is to switch servers and check for the server that doesn’t have it then you can simply broadcast a new transaction again with higher fees to replace the old one.


Switch servers? I'm not sure what do you mean? Where do I find the server that I'm connected to?
I'm sorry - I'm not familiar with the inner workings of bitcoin. Haven't really played with it. Just got an address long time ago - played the click and get free bitcoin for a bit. That's why the amount is so tiny.


I just want to confirm since you mentioned you are using Bitcoin core how did you set up your wallet on Bitcoin core is it pruned or full node? Because if it's a full node it requires you to download the whole blockchain including newly generated blocks and maybe you made a transaction while it does not fully sync if you did then the transaction is not broadcasted yet to the mainnet If I were you better switch to Electrum wallet it is way more easier to use, it doesn't requires you to download the whole blockchain and if you have stuck transaction you can bump or cancel(double-spend) the transaction.

No idea whether it's pruned or full node. How do I tell? Thanks!
If I have to guess, I'd guess it's pruned. Why? Because in my old laptop, it used up quite a bit of my hard disk space. On my recent desktop, I bought extra hard disk thinking it'll be for bitcoin; but, it's used just 13.6GB - it's much much much less than when it was on my old laptop.
4  Bitcoin / Wallet software / Re: Unconfirmed transaction on: July 20, 2024, 03:37:53 PM
Thank you Mia and all for the guidance. I guess I'll patiently wait for the transaction to age out and amount return back to me.
5  Bitcoin / Wallet software / Re: Unconfirmed transaction on: July 20, 2024, 03:27:32 PM
So without extra bitcoins for fees you just leave the transaction until it is dropped.

How long before the transaction is dropped? I tried to send it on July 4th 2024. So, it has been more than 2 weeks.

It could take a month or more before the transaction is dropped. You can't really tell when as most times the node of the wallet you used keeps broadcasting it as long as it's not below the purge fee. for luck that a miner  may confirm it which will likely never happen depending on the fees.


Quote
Thanks for the site reference - What do I look for in Mempool site? The transaction fees on No Priority, Low Priority, Medium Priority and High Priority?
The higher the priority the faster the transaction will be confirmed. Fees will tell you how deep your transaction will be placed on the MEMPOOL waiting list.


Apologies - missed your earlier point
Quote
1. Ideally you can’t cancel a Bitcoin transaction but can only do a RBF back to the wallet again(although some wallets puts the icon as cancel) and this requires you to have extra coins on the wallet again to cover for the fees which is higher than the initial fee of the transaction. So without extra bitcoins for fees you just leave the transaction until it is dropped.

What is RBF?
6  Bitcoin / Wallet software / Re: Unconfirmed transaction on: July 20, 2024, 03:07:38 PM
So without extra bitcoins for fees you just leave the transaction until it is dropped.

How long before the transaction is dropped? I tried to send it on July 4th 2024. So, it has been more than 2 weeks.


Before you make a transaction , always do well to check the average fee rate at that  period of time. You. Can make use of MEMPOOL space .

Canceling the transaction simply means you will be spending more on fees since you will have to increase the fees and bump the transaction back to your wallet. Instead you can just bump the fee if you enabled RBF to the exchange address.
Thanks for the site reference - What do I look for in Mempool site? The transaction fees on No Priority, Low Priority, Medium Priority and High Priority?



0.00001 BTC is $0.667 if bitcoin price is $66700. So you want to transfer $0.667.

Apologies - just recheck and it's 0.00156701, so, trying to send about USD104.52.



7  Bitcoin / Wallet software / Unconfirmed transaction on: July 20, 2024, 02:40:35 PM
I have this 0.00156701 bitcoin from a long time ago - probably doing the clicking to earn bitcoin kind of thing. Recently tried to send it to Binance using Bitcoin Core. Really unsure how much fees I need to put to transfer; but, it looks like the transactions is unconfirmed due to low fees.

1) How do I cancel the transaction, get back those bitcoins back to resend?
2) Also, how do you determine the resend fees? Do I look at how much the rate is from websites that show the average transaction fees at that time?

Thank you
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