Error code when trying to spend MultiSig from Bitcoin QT

[BitBitBet]

Hi,

I went through the entire process outlined in this man's video (https://www.youtube.com/watch?v=YN2Vyu9RupU) on creating and spending from a multisig address from the bitcoin console.

However, when I get to the last step (sendrawtransaction) I get:
"66: insufficient priority (code -26)"

Also, a general question about multisig.   Must I save the transaction ID every time someone sends money to my multisig address in order to spend the funds in the future, or will one transaction ID be sufficient?

Thank you.

[BitBitBet]

I fixed the issue by removing the change address.  I'm still curious about the 2nd part of my question.

[Muhammed Zakir]

You need TXID of the unspent transaction output you are using for the creating transaction. You can't use one TXID everytime, it will be a double-spend.

P.S. I misunderstood your question. A sender only needs to know your multisig address to send funds, don't need to know TXID. But you needed to know when creating a transaction.

[jonnybravo0311]

I fixed the issue by removing the change address.  I'm still curious about the 2nd part of my question.

If you're creating the raw transaction and don't provide a change address, doesn't that mean you just spent the change in miner fees?  In other words, if you have two input transactions of 1BTC each, and the amount you're spending is 1.01BTC, without a change address, 0.99BTC becomes transaction fee.

[shorena]

I fixed the issue by removing the change address.  I'm still curious about the 2nd part of my question.

If you're creating the raw transaction and don't provide a change address, doesn't that mean you just spent the change in miner fees?  In other words, if you have two input transactions of 1BTC each, and the amount you're spending is 1.01BTC, without a change address, 0.99BTC becomes transaction fee.

That is correct.

I fixed the issue by removing the change address.  I'm still curious about the 2nd part of my question.

I hope you do this on testnet.

[jonnybravo0311]

If you're creating the raw transaction and don't provide a change address, doesn't that mean you just spent the change in miner fees?  In other words, if you have two input transactions of 1BTC each, and the amount you're spending is 1.01BTC, without a change address, 0.99BTC becomes transaction fee.

That is correct.

Thanks for the confirmation.  When I read that OP "fixed" the problem by just removing the change address I was like, "who messes around with multi-sig stuff and raw transactions without even understanding the basics?"

[coinableS]

This is my video.
Not sure why having the change address would give you a 26 error (rejected by network rules).
I hope you didn't send too much as a mining fee.
I did explain between the 8:30 - 9 minute mark that if you don't include a change address the remainder will go to mining fees.