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Author Topic: Transaction from a paper wallet  (Read 758 times)
RariBest (OP)
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February 16, 2016, 05:03:12 PM
 #1

Hi to all,
i made a transaction from a paperwallet i own, the transaction has low fees, my question is, if the transaction dn't get confirmed does the bitcoin return to my paperwallet address?
Thanks

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February 16, 2016, 06:36:58 PM
 #2

Hi to all,
i made a transaction from a paperwallet i own, the transaction has low fees, my question is, if the transaction dn't get confirmed does the bitcoin return to my paperwallet address?
Thanks


It doesn't matter if it's a Paper wallet or not , It always works the same .
If you used low fees or didn't use any fees at all , then the transaction won't get confirmed and if It doesn't get confirmed It will go back to the address within 2-3 days as far as I know .

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VirosaGITS
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February 16, 2016, 07:35:41 PM
 #3

Hi to all,
i made a transaction from a paperwallet i own, the transaction has low fees, my question is, if the transaction dn't get confirmed does the bitcoin return to my paperwallet address?
Thanks


I've had an unconfirmed TX for weeks. You should us the TXid, then we can give you more information. But without it, all i can say is it could take minutes to confirms, or weeks. And may or may not be purged from the network after an unknown amount of time.


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February 16, 2016, 07:39:46 PM
 #4

The transaction won't appear in the blockchain after some time, how long it is impossible to know. You can try to doublespend your transaction, if the new one has decent fees will be confirmed and the other will be forgotten.

One way or another, forget about this paper wallet and make another, this one is not as safe now
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February 17, 2016, 03:44:56 AM
 #5

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.
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February 17, 2016, 04:36:47 AM
 #6

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.
If the bitcoin is not confirmed then it should be abandonned by the network and the bitcoin will be sent back to your paper wallet
Can we have the TXid?
Maybe the transaction need to be rebroadcasted again Wink
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February 17, 2016, 10:34:48 PM
 #7

I think it's after 100 blocks that your transaction gets bounced. Simply wait, a paper wallet is just another way of accessing a wallet it's no different to a hardware or software wallet.

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February 18, 2016, 01:40:37 AM
 #8

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.

This makes a good point.  Bitcoin isn't "in limbo."

At a low level, bitcoin relies on inputs and outputs, so the bitcoin is either in the original "spot" or the next "spot."  Nothing gets 'returned' and nothing 'goes back' because it is either in spot A or in B.  ;-)

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February 18, 2016, 03:11:39 AM
 #9

Hi to all,
i made a transaction from a paperwallet i own, the transaction has low fees, my question is, if the transaction dn't get confirmed does the bitcoin return to my paperwallet address?
Thanks


if you still give a litle fee i think your transaction will be donfirmed in 3-4days
if your transaction not confirmed in 7days, your bitcoin will be refund to your wallet


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shorena
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February 18, 2016, 07:18:03 AM
 #10

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.

This makes a good point.  Bitcoin isn't "in limbo."

At a low level, bitcoin relies on inputs and outputs, so the bitcoin is either in the original "spot" or the next "spot."  Nothing gets 'returned' and nothing 'goes back' because it is either in spot A or in B.  ;-)

There is a 3rd state though when an input was spend and the TX its used in is well known to the network. In this state is difficult to move it from its original spot to a different next spot. Id call that "in limbo" even though its an abstraction of what really happens.

Im not really here, its just your imagination.
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February 18, 2016, 07:22:05 AM
 #11

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.

This makes a good point.  Bitcoin isn't "in limbo."

At a low level, bitcoin relies on inputs and outputs, so the bitcoin is either in the original "spot" or the next "spot."  Nothing gets 'returned' and nothing 'goes back' because it is either in spot A or in B.  ;-)

There is a 3rd state though when an input was spend and the TX its used in is well known to the network. In this state is difficult to move it from its original spot to a different next spot. Id call that "in limbo" even though its an abstraction of what really happens.

How would you solve this problem? Just trying to learn a thing or two Smiley (my wallet has tens and tens of microtransactions, and i'm thinking about sending all those microtransactions to myself with a 0 fee, so when i use my coins the next time, i'll have to pay less fees because i'm using only 1 input instead of tens of them... I just want to make sure i don't lose my coins)
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February 18, 2016, 08:42:20 AM
 #12

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.

This makes a good point.  Bitcoin isn't "in limbo."

At a low level, bitcoin relies on inputs and outputs, so the bitcoin is either in the original "spot" or the next "spot."  Nothing gets 'returned' and nothing 'goes back' because it is either in spot A or in B.  ;-)

There is a 3rd state though when an input was spend and the TX its used in is well known to the network. In this state is difficult to move it from its original spot to a different next spot. Id call that "in limbo" even though its an abstraction of what really happens.

How would you solve this problem? Just trying to learn a thing or two Smiley (my wallet has tens and tens of microtransactions, and i'm thinking about sending all those microtransactions to myself with a 0 fee, so when i use my coins the next time, i'll have to pay less fees because i'm using only 1 input instead of tens of them... I just want to make sure i don't lose my coins)

Once 0.12 is deployed no node will by default relay transactions without a fee (or any fee below the dust limit). If you want to fuse your inputs you can do so now with a large and old input[1], but probably not in the future. You can increase your change to get a confirmation slightly by rebroadcasting the transaction, but it will still take longer than normal and may not happen in a time you consider acceptable.

The alternative is that you suck it up and pay a high fee to get them combined into one.

[1] https://bitcointalk.org/index.php?topic=1339944.msg13670324#msg13670324

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February 18, 2016, 11:24:55 AM
 #13

It seems that if it was never confirmed, then it should go back in the wallet.  Otherwise, it's in limbo forever.  Is that even possible?  It is either sent or not sent.

This makes a good point.  Bitcoin isn't "in limbo."

At a low level, bitcoin relies on inputs and outputs, so the bitcoin is either in the original "spot" or the next "spot."  Nothing gets 'returned' and nothing 'goes back' because it is either in spot A or in B.  ;-)

There is a 3rd state though when an input was spend and the TX its used in is well known to the network. In this state is difficult to move it from its original spot to a different next spot. Id call that "in limbo" even though its an abstraction of what really happens.

The 3rd state isn't on the block chain though which is what I was speaking about.  I do get the point about the tx being well known, but the bitcoin hasn't 'moved' at that point, just that the network is aware of an unconfirmed transaction.  :-)
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