Bitcoin Forum
November 03, 2024, 08:41:31 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: n00b Instawallet Misunderstandment  (Read 1336 times)
chorchonga (OP)
Member
**
Offline Offline

Activity: 65
Merit: 10


View Profile
October 04, 2012, 02:03:09 PM
Last edit: October 04, 2012, 02:48:51 PM by chorchonga
 #1

Is this common?  

This is an Instawallet address I set up last night:
http://blockchain.info/address/17pkbCnZKuKaKgAkDUoggumRTjwKnctos8

Instawallet thinks the funds are still there, but you can't send less than .01 via their interface.

Buy vinyl decals with Bitcoin: http://www.azurerocket.com
MysteryMiner
Legendary
*
Offline Offline

Activity: 1512
Merit: 1049


Death to enemies!


View Profile
October 04, 2012, 02:19:04 PM
 #2

Add more bitcoins so the balance is over 0.01 and then send all of them to new location.

bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
Ente
Legendary
*
Offline Offline

Activity: 2126
Merit: 1001



View Profile
October 04, 2012, 02:19:45 PM
 #3

Is this common? 

This is an Instawallet address I set up last night:
http://blockchain.info/address/17pkbCnZKuKaKgAkDUoggumRTjwKnctos8

Instawallet thinks the funds are still there, but you can't send less than .01 via their interface.

The default behavior is that tiny transactions cost more fees than "normal" transactions. And, to the extreme, any transaction with 0.1 or less bitcoin to be transferred will cost 0.1 bitcoin fee.
As you have less than 0.1 bitcoin in that wallet, you might be out of luck.

Normally I don't seem to pay fees on instawallet. Maybe they set it up to normally not need fees, but this special rule is still active?

Ente
davout
Legendary
*
Offline Offline

Activity: 1372
Merit: 1008


1davout


View Profile WWW
October 04, 2012, 02:32:41 PM
 #4

We pay a network fee if required, we don't want our user's transactions to get stuck in limbo.
It isn't really a problem because we have a very large volume that makes us able to use old inputs in order to not pay any fee for 99.9% of transactions.

That works well for transactions over 0.01, under that the DoS protection mechanism makes a fee mandatory.

What you see on blockchain.info doesn't relate to your Instawallet as far as outgoing transactions are concerned, that's how a shared wallet works.

OP, you may want to edit your title, nothing was stolen.

chorchonga (OP)
Member
**
Offline Offline

Activity: 65
Merit: 10


View Profile
October 04, 2012, 02:48:05 PM
 #5

Thanks for the help!

Buy vinyl decals with Bitcoin: http://www.azurerocket.com
davout
Legendary
*
Offline Offline

Activity: 1372
Merit: 1008


1davout


View Profile WWW
October 04, 2012, 03:10:29 PM
 #6

Thanks for the help!
No worries Smiley

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!