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1241  Bitcoin / Electrum / Re: Android Electrum manually editing fee on: April 14, 2023, 08:04:29 PM
I'll try to find an alternative wallet, thanks for all.
If you want to set the fee rate manually to any amount you want, as suggested by Charles-Tim in the first reply, you can use bluewallet.
Bluewallet gives you three estimations (fast, medium and slow) and it also allows you to set the fee rate manually.

Another good thing about bluewallet is that you can import your seed phrase to it even if it has been generated by electrum.
1242  Bitcoin / Bitcoin Discussion / Re: how can we know that a wallet is lost on: April 14, 2023, 12:38:59 PM
Any coins belong to burn addresses are the 100% proof if the coins are lost.
There is no proof that coins sent to burn addresses have been lost. In theory, it's possible that someone already have the private key of such addresses or someone will be able to brute-force them in the future.
The only coins that are provably lost forever are those that haven't been claimed as block reward by miners and those that have been burnt using OP_return outputs.
1243  Bitcoin / Bitcoin Technical Support / Re: Bitcoin Transaction Unconfirmed on: April 13, 2023, 05:41:57 PM
A collection of these mempools makes a pool of global mempools.
Each node has its own mempool. It's possible that a node has your transaction in its mempool while another mempool doesn't have it.

So, what happens if all other mempools running on all other 'n-1' nodes stop broadcasting my transaction, but my specifc node keeps re-broadcasting/relaying it to all othe nodes? My node just wants to keep pushing it through at a low fee with no success.
If your node rebroadcast your transaction, the nodes that receive the transaction will ignore it if they already have it in their mempool. In the case they don't have it, they put it in their mempool and relay it to other nodes.
Note that if the size of mempool of a node has reached its limit and the fee rate of your transaction is lower than all the transactions in the mempool, there wouldn't be any room for your transaction.
1244  Economy / Web Wallets / Re: Is Blockchain.info a scam? on: April 12, 2023, 09:28:45 PM
.......you have to take note that these wallets are also taking some little commission for the fees that they ask. ...............
Due to obvious reasons, I don't like blockchain.com and I would never recommend anyone to use it, but you are wrong here.
Blockchain.com is a non-custodial wallet and it doesn't charge you any extra fee. All the fee you pay go to miners. You have to pay fee to blockchain.com, only if you use their exchange.
1245  Economy / Web Wallets / Re: Is Blockchain.info a scam? on: April 12, 2023, 05:04:07 PM
Now I wonder how the default rate was set. It appears they were asking 50 sat per transaction.
Miners are free even to include transaction paying zero fee, but nodes consider any transaction paying less than 1 sat/vbyte as non-standard and reject them. So, the minimum fee rate you can set for your transaction is 1 sat/vbyte.
Note that the transaction fee equals to the fee rate multiplied by (virtual) size of transaction and miners prioritize transactions based on their fee rate, not their absolute fee.

There is no such thing as 50 sat per transaction.
1246  Economy / Web Wallets / Re: Is Blockchain.info a scam? on: April 12, 2023, 04:38:12 PM
you can also download Trust Wallet from either the Play Store or the App Store and import your seed phrase using it.
Please don't suggest a close-source wallet like trustwallet for bitcoin while there are many better alternatives.


So are you saying that in addition to the 6.25 BTC that a miner wins for solving a block,
there are also transaction fees added?
Miners get the newly generated coins and transaction fees.


If the miner can add a transaction for the fee later, how does that prevent them
from taking more Satoshi for the fee than was agreed?
The fee is determined by the one who makes the transaction. It's not that miners can charge you any amount they want.
Whenever you make a bitcoin transaction, you set a fee rate and miners prioritize transactions based on their fee rate.
1247  Bitcoin / Bitcoin Technical Support / Re: How many private keys and types of support ? on: April 12, 2023, 04:29:17 PM
Should I buy an hardware wallet in order to diversify risk or paper wallet is enough ?
Electrum (if it's used properly) would be secure and you won't need a hardware wallet. Take note that if you want to be completely secure, you should run electrum on an air-gapped device. Otherwise, your wallet would be always prone to hacking. If you can't have an air-gapped device for any reason, it would be better to go for a hardware wallet.

Also note that you won't have a secure wallet just with generating a private key and address and printing it on a paper.
A paper wallet is secure, only if it's generated using the correct method. This means that it should be generated using a safe tool on a safe device.
I also recommend you to work with a HD wallet with a seed phrase. In this way, you can have numerous  addresses all generated by a seed phrase. You can write down your seed phrase easily on a paper while there's a big possibility that you make a mistake when writing a private key.

Do splitting 1/3, 1/3, 1/3 of bitcoin in 3 different wallet/private key would eventually diminish risk instead of only one wallet ?
You can do that. But a single wallet would be enough if that have been generated in the correct way.
Again, you only need to keep your seed phrase. You won't need to keep individual private keys.


What about multisig ? Running my own node ? Useless in my case ?
All depend on your needs.
If you want to generate a wallet, send some bitcoin to that and just hold them, you won't need to run your own node.

With using a multi-signature wallet, you would need multiple seed phrases for accessing your fund and in this way, you may increase your security.
Use a multi-signature wallet, only if you know what exactly you are doing.
1248  Economy / Web Wallets / Re: Is Blockchain.info a scam? on: April 12, 2023, 03:44:36 PM
First of all note that the fee you pay for your transaction is paid to miners, not blockhain.com wallet (formerly known as blockchain.info) and that depends on number of inputs and outputs, the network state, your address(es) type and how fast you want your tranaction to be confirmed.

I guess you have received a lot of transactions to your wallet and now you want to spend the whole balance. Am I right?
The more inputs you have, the more fee you have to pay to miners.

By the way, 15,000 satoshi is worth around 4.5 dollars, not 15 dollars.
1249  Bitcoin / Hardware wallets / Re: Recommendations to store my seed phrase!! on: April 11, 2023, 09:59:07 PM
I'm considering writing it down on a piece of paper and storing it in a safe or safety deposit box, but I've also heard about other methods like engraving it on metal or storing it on a USB drive.
It's surely a good idea to use a stainless steel metal plate instead of a paper. In this way, your backup would be resistant to fire, water, etc.

I recommend you to visit the following topic and see how fillippone used washers for securing the seed phrase.
Securing Your Seed Phrase with Washers
1250  Economy / Service Discussion / Re: Validate a Blockchain Transaction Email Address on: April 11, 2023, 03:36:14 PM
It's not the first you have received email from the address in question and you should know that it's a scam.
You have probably asked for a deposit to be able to receive a payment and you are going to spam the forum with asking the same thing again and again.


OP has posted the same email address in this post.
1251  Bitcoin / Bitcoin Discussion / Re: Does loss of BTC affects total amount of BTC in total supply. on: April 11, 2023, 01:12:13 PM
The total supply affects when someone burns coin from the chain. A lot of tokens have this functionality. But as of now, bitcoin is out of it.
To burn your bitcoin, you can send them to OP_return outputs. Such outputs are not added to the UTXO set at all and are provably burned.
As I said in my previous post, miners can also burn coins with not claiming the block reward when they find a block.
1252  Bitcoin / Bitcoin Discussion / Re: Does loss of BTC affects total amount of BTC in total supply. on: April 11, 2023, 11:48:46 AM
I have read few posts of persons talking about losing their wallet's containing BTC and couldn't recover it at all. Hence, as people keep losing their BTC due to loss of wallet seed phrase, can it affect or cause a decline in BTC supply entirely?
Coins lost due to losing private keys or seed phrase are out of circulation, but they are not provably removed from the circulation.
The only coins that are provably removed and will be never spendable are those that are haven't been claimed by the miners and those that have been burned using OP_RETURN.
1253  Bitcoin / Electrum / Re: Need help finding wallet password. on: April 10, 2023, 10:55:23 AM
When I set the password, I also did not choose to encrypt the file. I only have the saved wallet file left.
This doesn't change anything.
If you unchecked  "Encrypt wallet file" when creating the wallet, now you can open the wallet file and see your balance, transactions history and addresses, but you will still need the password for making any transaction. Your secrets like your seed phrase are encrypted.
1254  Bitcoin / Electrum / Re: Need help finding wallet password. on: April 10, 2023, 10:39:00 AM
In the case you have some idea about your password and it includes only a few characters, you may be able to brute-force your password using BTCRecover.
Otherwise, there won't be any way to recover your wallet and the fund is gone forever.
1255  Economy / Games and rounds / Re: Sinbad.io April Bitcoin Price Prediction Challenge! on: April 10, 2023, 07:14:06 AM
Prediction 1: $31025.00
bech32 address: bc1q06h9jgf2ccurtt0d07shkttjpdw5zdfkyh4l8j
1256  Bitcoin / Electrum / Re: Import taproot wallet to Electrum on: April 09, 2023, 03:50:37 PM
There is another way to speed up transactions except for the suggestion above but it depends on your transaction if the TX fee is above 10k sat.
You can use ViaBTC fee service, if the fee rate used for your transaction is at least 10 sat/byte (or 10,000 sat/kbyte). The 10,000 satoshi isn't the absolute fee.
OP has surely used lower transaction fee rate and won't be able to use ViaBTC free service. If OP had used the fee rate of 10 sat/byte or more, the transaction would have been confirmed by now normally. Currently, 3 sat/vbyte is enough for a fast transaction.
1257  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving only 1 year away on: April 09, 2023, 03:14:06 PM
Mining  is no longer profitable as before, So How will this halving affect the stress in mining bitcoin?
Mining will be still profitable for many miners.
The block reward was 50 BTC (plus transaction fees) when bitcoin was created. Currently, that's 6.25 BTC (plus transaction fees) which means that the amount of newly generated coins in each block has been decreased by 87.5%. Mining is still profitable while the block reward has decreased that much. It may worth mentioning that total hashrate reached its all time high less than a month ago.

Note that as times goes, we will probably see more efficient mining devices in the market.
1258  Bitcoin / Bitcoin Discussion / Re: Bitcoin Halving only 1 year away on: April 09, 2023, 11:17:26 AM
At the same time, there will be a huge effect again on mining rewards means a lot of miners possibly will not be profitable anymore at that point that could also reduce the network hash rate resulting in a longer transaction time and reduced the security of the network.
The total hash rate will probably decrease after the halving, but it will increase again after a short time. After the halving, blocks will probably take more than 10 minutes on average to be mined, but everything will become normal again after the first difficulty adjustment.
After the previous halving, the total hash rate of network decreased from around 135 Ehash/s to around 85 Ehash/s in 10 days. That was around 37% decrease in the total hash rate. After that, the total hash rate increased again. Now the total hash rate is around 350 Ehash/s. The same thing will probably happen after the coming halving.
1259  Economy / Gambling discussion / Re: Martingale strategy in casinos on: April 08, 2023, 09:17:40 PM
With using martingale strategy, you decrease your chance of winning.

Let's say you have 1 BTC and you want to double it in a casino with the house edge of 1%. If you bet your whole balance in a single bet, the chance of winning would be 49%.
If you start with 1 satoshi, double the bet amount every time you lose and set the bet amount to 1 satoshi every time you win, the chance to double your 1 BTC before losing so many times in a row so that you can no longer double the bet amount would be less than 28%.
1260  Economy / Trading Discussion / Re: What happens If Binance Exchange Flee Away like FTX on: April 08, 2023, 04:33:13 PM
In the case binance shut down for any reason, we will probably see a (temporary) drop in bitcoin price and a much bigger drop in altcoin's price due to panic selling.
Bitcoin will surely recover after a while. Bitcoin has been around since 2009 while binance was launched in 2017. If binance shuts down, bitcoin will be still the most secure decentralized payment system and we will be still able to make peer to peer transaction without relying on any third party. Bitcoin is valuable due to its advantages like decentralization. Bitcoin isn't valuable just because people can trade it on binance.

If binance shut down, many of altcoins won't survive, since they have value just because they have been listed on binance. But as I said, I don't think it will have any long term effect on bitcoin.
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