Bitcoin Forum
December 04, 2016, 06:38:23 PM *
News: Latest stable version of Bitcoin Core: 0.13.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Will my transfer go through without a fee?  (Read 2004 times)
johnmack99
Newbie
*
Offline Offline

Activity: 4


View Profile
June 06, 2011, 11:17:50 AM
 #1

Hi,

I mistakenly transferred 81btc from the bitcoin client to mtgox whilst my transaction fee was set to 0.00.

It is currently showing up as 0/unconfirmed in the bitcoin client.

Will the transaction eventually be sent, and if so how long would it take? And is it too late to somehow add a fee to it?

Thanks

Mack
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480876703
Hero Member
*
Offline Offline

Posts: 1480876703

View Profile Personal Message (Offline)

Ignore
1480876703
Reply with quote  #2

1480876703
Report to moderator
1480876703
Hero Member
*
Offline Offline

Posts: 1480876703

View Profile Personal Message (Offline)

Ignore
1480876703
Reply with quote  #2

1480876703
Report to moderator
1480876703
Hero Member
*
Offline Offline

Posts: 1480876703

View Profile Personal Message (Offline)

Ignore
1480876703
Reply with quote  #2

1480876703
Report to moderator
johnmack99
Newbie
*
Offline Offline

Activity: 4


View Profile
June 06, 2011, 11:21:57 AM
 #2

One more thing... Mtgox states that the address is valid for 24hours. What happens if it takes longer than 24hours to be sent?
caveden
Legendary
*
Offline Offline

Activity: 1106



View Profile
June 06, 2011, 11:24:02 AM
 #3

The protocol allows you to add fees to a transaction. You just have to "double-spend" it, but on the second spent, add a fee. Miners will add the aying transaction and the other one will be rejected as a double-spend.

That said, I'm not aware of any client implementation that allows you to do that.... so, unless you want to implement it on your own, you can only wait. It might take days to be accepted.

18rZYyWcafwD86xvLrfuxWG5xEMMWUtVkL
caveden
Legendary
*
Offline Offline

Activity: 1106



View Profile
June 06, 2011, 11:26:30 AM
 #4

One more thing... Mtgox states that the address is valid for 24hours. What happens if it takes longer than 24hours to be sent?

Oh, then you might have a problem. I don't know what does that mean, I hope MtGox won't simply delete the keys.... maybe they will delete the association of that address to your account, but then it can be recreated manually. (what's the point in making a deposit address temporary?)

I would contact them.

18rZYyWcafwD86xvLrfuxWG5xEMMWUtVkL
johnmack99
Newbie
*
Offline Offline

Activity: 4


View Profile
June 06, 2011, 11:39:25 AM
 #5

Hi Caveden and thanks for your replies.

I am new to bitcoins and have no programming knowledge so I would have no idea how to implement the double spending!

I emailed MTgox to see what they say.

It would really suck if I were to lose all my bitcoins  Sad
Hawkix
Hero Member
*****
Offline Offline

Activity: 517



View Profile WWW
June 06, 2011, 11:58:40 AM
 #6

Simply wait a few blocks. Almost for sure it will become confirmed.

Donations: 1Hawkix7GHym6SM98ii5vSHHShA3FUgpV6
http://btcportal.net/ - All about Bitcoin - coming soon!
johnmack99
Newbie
*
Offline Offline

Activity: 4


View Profile
June 06, 2011, 12:18:14 PM
 #7

hi hawkix and thanks for replying. Excuse my ignorance but what do you mean by "wait a few blocks"?
kokojie
Legendary
*
Offline Offline

Activity: 1498



View Profile WWW
June 06, 2011, 01:05:37 PM
 #8

The transaction should be fine without a fee. Every transfer to mtgox was done without a fee, and all of them were fine.

If my post has been helpful, send me some love -> BTC: 1kokojUapmWqCqPw3Ch2rjcVh57tJEzka | PPC: PDyXAgA8eH47gokVW6zVZPSuu15aao5nZF | Bitshares: kokojie
My reputation
caveden
Legendary
*
Offline Offline

Activity: 1106



View Profile
June 06, 2011, 02:57:28 PM
 #9

It would really suck if I were to lose all my bitcoins  Sad

You won't lose them as long as MtGox doesn't lose the keys for the deposit address. Except that, in the worst possible scenario (all miners stop accepting free transactions from now on) your coins will be "locked" until somebody provides you means of adding a fee. But there are many miners still accepting free transactions I think, so don't worry, it will just take a while but it will get included in a block.

18rZYyWcafwD86xvLrfuxWG5xEMMWUtVkL
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!