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Author Topic: How to transfer 0.00095 without fee?  (Read 2252 times)
szuetam (OP)
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November 14, 2012, 09:25:44 AM
 #1

How to transfer 0.00095 without fee?

Could someone explain me how to do it?
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November 14, 2012, 09:31:08 AM
 #2

use a patched version of the satoshi client.

WARNING: its the miners that choose to accept your transaction, not your client that forces it upon them. the fee computed by the satoshi client is only a guideline. it would be best to sent the tx with a fee.

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November 14, 2012, 12:20:21 PM
 #3

What is the situation here?  Are you trying to shut down a wallet that has 0.00095 BTC in it?  Or are you trying to pay someone $ 0.01 ?

If you are trying to pay someone a penny, you are probably stuck unless you do solo mining.

If you want to empty out a wallet, just send 1 BTC to it, wait a day or so, and then send the new total balance out.

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szuetam (OP)
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November 14, 2012, 01:10:49 PM
 #4

THX for advice, it's second case, I just want to shut down.
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November 14, 2012, 02:49:33 PM
 #5

Is that 0.00095 from a single input, or is it 95 .00001 inputs?

0.00095 BTC is worth about one US cent. Are you sure it is worth your time to try to get that penny back?

How often do you get the chance to work on a potentially world-changing project?
szuetam (OP)
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November 14, 2012, 03:09:15 PM
 #6

Is that 0.00095 from a single input, or is it 95 .00001 inputs?

0.00095 BTC is worth about one US cent. Are you sure it is worth your time to try to get that penny back?


My time will result in future. I believe I wont regret it.
And I have used to waste my time way more stupid.
THX for concern.

And don't take it personal, I think that fee rules are ok.

gmaxwell
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November 15, 2012, 04:17:42 PM
 #7

0.00095 BTC is worth about one US cent. Are you sure it is worth your time to try to get that penny back?

I really hope we don't end up with a large amount of perpetual txout bloat because that kind of thinking.  Perhaps there should be some kind of "send all my private keys to charity" button that sends them to someone who can sweep them up.
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November 15, 2012, 05:00:52 PM
 #8

0.00095 BTC is worth about one US cent. Are you sure it is worth your time to try to get that penny back?

I really hope we don't end up with a large amount of perpetual txout bloat because that kind of thinking.  Perhaps there should be some kind of "send all my private keys to charity" button that sends them to someone who can sweep them up.


Wouldn't leaving it behind and never spending it be the opposite of bloat?

If it is never spent, then there are no further transactions added to the blockchain that use that value, and the overall value of the rest of the bitcoin in use increases, right?

On the other hand, if it gets spent, then that creates a new transaction that has to be added to the blockchain, which allows it to be used in another transaction that must be added to the blockchain, and so on indefinitely.

So, abandoning it means no more transactions using it, and not abandoning it means potentially millions (billions? trillions?) of transactions using that value in the future, right?

Due to people losing their wallets/private keys and people abandoning bitcoin that they find to be of insufficient value, it is expected that there will be a continuously growing number of txout that will never be spent.  This would be the reason people refer to bitcoin as eventually being "deflationary".

On the other hand, there certainly is reasonable argument that bitcoin is still very young, and that 0.00095 BTC that is worth less than a penny today could be worth $100 in several years.  How much effort would you be willing to put in today if you believed that the effort would result in an additional $100 in your pocket a few years from now?
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November 15, 2012, 05:18:00 PM
 #9

Do you have it on a online wallet? If not, why don't you just export the privat key of the address that has the coins and take it over to the new wallet?

All previous versions of currency will no longer be supported as of this update
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November 15, 2012, 05:53:23 PM
 #10

0.00095 BTC is worth about one US cent. Are you sure it is worth your time to try to get that penny back?

I really hope we don't end up with a large amount of perpetual txout bloat because that kind of thinking.  Perhaps there should be some kind of "send all my private keys to charity" button that sends them to someone who can sweep them up.


Wouldn't leaving it behind and never spending it be the opposite of bloat?

If it is never spent, then there are no further transactions added to the blockchain that use that value, and the overall value of the rest of the bitcoin in use increases, right?

On the other hand, if it gets spent, then that creates a new transaction that has to be added to the blockchain, which allows it to be used in another transaction that must be added to the blockchain, and so on indefinitely.

So, abandoning it means no more transactions using it, and not abandoning it means potentially millions (billions? trillions?) of transactions using that value in the future, right?

Due to people losing their wallets/private keys and people abandoning bitcoin that they find to be of insufficient value, it is expected that there will be a continuously growing number of txout that will never be spent.  This would be the reason people refer to bitcoin as eventually being "deflationary".

On the other hand, there certainly is reasonable argument that bitcoin is still very young, and that 0.00095 BTC that is worth less than a penny today could be worth $100 in several years.  How much effort would you be willing to put in today if you believed that the effort would result in an additional $100 in your pocket a few years from now?

Think in terms of stock and flow.  The block chain is a permanent record of flow, but stock is what each client has to check every time a new block or transaction comes in.

Flow (blocks) is easy, just a matter of storage.  Stock (unspent transaction outputs) is what is going to hurt in a few years if we aren't careful.

Losing a key and abandoning transactions creates permanent clutter in the stock that each node has to keep track of.  Spending the transaction just creates one more entry in cheap storage.

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November 15, 2012, 05:57:20 PM
 #11

Wouldn't leaving it behind and never spending it be the opposite of bloat?
No.   The size of the txout set is much more important than the size of the historic chain. Old transaction data is only needed to bootstrap new nodes with zero trust. The txout set needs random access queries in order to do live validation in real time.

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November 15, 2012, 06:17:21 PM
 #12

Think in terms of stock and flow.  The block chain is a permanent record of flow, but stock is what each client has to check every time a new block or transaction comes in.

Flow (blocks) is easy, just a matter of storage.  Stock (unspent transaction outputs) is what is going to hurt in a few years if we aren't careful.

Losing a key and abandoning transactions creates permanent clutter in the stock that each node has to keep track of.  Spending the transaction just creates one more entry in cheap storage.

No.   The size of the txout set is much more important than the size of the historic chain. Old transaction data is only needed to bootstrap new nodes with zero trust. The txout set needs random access queries in order to do live validation in real time.

Interesting, I hadn't really thought about that before.  Thanks for the lesson.

So, given the assumption that small value currency will be abandoned with some frequency, how does bitcoin handle the situation long term?  Is the general idea that we simply assume that ever faster hardware will be able to keep up with the ever increasing inventory of abandoned txout records?
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November 15, 2012, 10:22:10 PM
 #13

Do you realize that you could make this amount of coins with 10min of looking at at advertisement on http://www.bitvisitor.com/?  You don't even have to view the page to get paid.  With the time it took you to make this thread, you could have made more money.  

If you think bitcoins will be super valuable some day, just stash the wallet somewhere, and when your 1c turns into $100, then load your wallet up.

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Electrum client is awesome. Try it. And please stop sending bitcoins to sites run by security newbies, or don't complain when you lose everything.
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November 17, 2012, 09:24:33 AM
 #14

How to transfer 0.00095 without fee?

Could someone explain me how to do it?

send 1.00095 to the address and have them send 1.0 back.  tx for 1 btc or more are generally accepted without fees.

edit:  just send the 0.00095.  it'll go through eventually, it may just take a day or two before it gets in a block.  transaction age is also a consideration for priority, so if you're willing to wait longer before it gets confirmed, just send it.

edit 2: if you're asking because the client won't let you, you need a patched client.  the standard client does that to let you know it won't be accepted, but it really should have a "send anyway" option.

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November 21, 2012, 10:45:31 PM
 #15

My time will result in future. I believe I wont regret it.
In that case, you're probably better off using some free bitcoin faucets. You'll get way more than 0.00095 BTC in one or two minutes of your time.

Alternatively, you could transfer 0.0009 BTC with a 0.00005 BTC fee, that should be processed pretty fast.

In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
szuetam (OP)
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November 21, 2012, 10:53:36 PM
 #16

My time will result in future. I believe I wont regret it.
In that case, you're probably better off using some free bitcoin faucets. You'll get way more than 0.00095 BTC in one or two minutes of your time.

Alternatively, you could transfer 0.0009 BTC with a 0.00005 BTC fee, that should be processed pretty fast.


THX I have fixed that.
Just simple as copy wallet to my storage and waiting for much better USD/BTC ratio.

THX for your help

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November 22, 2012, 03:34:11 AM
 #17

My time will result in future. I believe I wont regret it.
In that case, you're probably better off using some free bitcoin faucets. You'll get way more than 0.00095 BTC in one or two minutes of your time.

Alternatively, you could transfer 0.0009 BTC with a 0.00005 BTC fee, that should be processed pretty fast.


THX I have fixed that.
Just simple as copy wallet to my storage and waiting for much better USD/BTC ratio.

THX for your help


You're either a tremendous optimist or prepared to wait a very long time  Wink
szuetam (OP)
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November 22, 2012, 07:27:42 AM
 #18

My time will result in future. I believe I wont regret it.
In that case, you're probably better off using some free bitcoin faucets. You'll get way more than 0.00095 BTC in one or two minutes of your time.

Alternatively, you could transfer 0.0009 BTC with a 0.00005 BTC fee, that should be processed pretty fast.


THX I have fixed that.
Just simple as copy wallet to my storage and waiting for much better USD/BTC ratio.

THX for your help


You're either a tremendous optimist or prepared to wait a very long time  Wink

Both Smiley.

I believe that If tech won't fail, bitcoin could grow at least 10-20% avarage each year, which multiply value about 40x in 20 years. Even more, I think that IF tech will stand strong enaugh it could take some serious part of the market like 10% in 10 years so comparing to today USD trade volume it would be about 50000x -60000x which could make 0,00005 valuable.

And my grandson will ask me:
"Grandpa, grandpa, is that true that it was enaugh to write captcha to earn today daily salary??"

Hehe, I know it's crazy, but haven't you ever wonder how would you spend 1M$ lottery ticket if you would win?
I think that my scenario is more probable than that lottery (mostly because I won't buy lottery tickets Wink).
 
It's just speculation, not a good place for that.

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November 22, 2012, 06:03:09 PM
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Do you realize that you could make this amount of coins with 10min of looking at at advertisement on http://www.bitvisitor.com/?

I hadn't seen bitvisitor before, so gave it a try.

The first 2 sites it had me visit (for 5 minutes each) paid me 0.16 mBTC each.  The 3rd offered me 0.08 mBTC.  I guess each following site will offer less and less, but maybe I'm wrong about that, but so far, from 15 minutes on bitvisitor I've earned 0.40 mBTC.  That's less than half of what OP is trying to reclaim from his wallet.  It seems to me that bitvisitor is paying 1 or 2 cents per hour for my time...

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November 22, 2012, 06:20:39 PM
 #20

The first 2 sites it had me visit (for 5 minutes each) paid me 0.16 mBTC each.  The 3rd offered me 0.08 mBTC.

I kept playing, and the 5th site offered me 0.48 BTC.  I don't know if the payout is random, or how it works:



I put in the captcha code, and saw this:



So the biggest paying site I've found so far is an error page.

Weird.

I wonder if I'll still get paid for viewing the error page.  The countdown at the top of the page is still going.

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