NotNoobdpr (OP)
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August 10, 2016, 01:05:46 PM |
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So I've been going through the beginners section of this forum but couldn't find a thread, dealing with the problem I got atm. I got a bitcoin core wallet and wanted to send a certain amount of bitcoins to a certain tor website . I've done that before and was annoyed by the transaction fee that I was charged throughout the transaction because I always had to resend btc onto the website to finally have the right amount of btc on the websites wallet . This time I saw that there's the possibility to adjust the transaction fees manually and even tick in a box which says (send without transaction fees if possible) I did that without hesitating and now have to deal with the consequence of waiting forever until the transaction is finished. My question now is. What is the longest time a transaction of 0.36 btc can take . Or how long should I expect this transaction to take ?
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DannyHamilton
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August 10, 2016, 01:34:34 PM |
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What is the longest time a transaction of 0.36 btc can take.
There is no requirement that it ever be confirmed. Or how long should I expect this transaction to take?
That's very difficult to predict. It could get confirmed in the next block. It could take hours, or days, or weeks, or months, or decades, or centuries. At this point you are simply waiting for a generous miner (or mining pool) to decide to earn less money for themselves by confirming your transaction for you out of the charity in their heart rather than confirming a transaction that would pay them a fee. There are a few options that you can choose from to address the situation. I assume you are using Bitcoin Core (since you mentioned the fee adjuster and checkbox)? - Just wait and hope.
- Re-broadcast the transaction regularly so the nodes on the network don't forget the transaction.
- Remove the transaction from your wallet, wait for most of the network to forget your transaction and then send a new one.
- Contact a miner or mining pool and ask them directly to include your transaction in one of their blocks.
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thejaytiesto
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August 10, 2016, 01:42:29 PM |
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Wait for an entire day. If the transaction still has 0 confirmations, it means its not worth mining due your low fee. In this case since you are using bitcoin core, there is a solution: create a bitcoin core shortcut and add -zapwallettx
open bitcoin through that shortcut and the money will appear back in your wallet (wait for rescan it can take a while), then you can send it again and just use the recommended fee.
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QuestionAuthority
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August 10, 2016, 01:57:32 PM |
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Why does everyone want to use Bitcoin for free? It's a financial tool for transferring money that has a built in cost for the bank (miners) that's sending the money. Why is it necessary to screw them out of their cost of doing business? Give them a nice healthy fee now and get used to the fee that you'll be paying when the built in mining reward drops to an inconsequential amount in about 8 years and the demand on the network skyrockets. At that point you'd be lucky to get a transaction confirmed for a .36 Btc fee.
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dothebeats
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August 10, 2016, 02:06:28 PM |
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Lowest? Define lowest? Because a one satoshi tx fee could probably get cancelled and ignored by the miners whereas a 0-tx fee could be confirmed in a few weeks' time (I don't know why but I've sent some transactions without putting any fee to it, and it somehow gets confirmed within days or weeks). But to be safe, better put some fee on every transaction you create just for the miner to not ignore that certain tx and get it confirmed surely than never (or wait for a few weeks only to get it cancelled, lol.)
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NotNoobdpr (OP)
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August 10, 2016, 02:08:04 PM |
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Wait for an entire day. If the transaction still has 0 confirmations, it means its not worth mining due your low fee. In this case since you are using bitcoin core, there is a solution: create a bitcoin core shortcut and add -zapwallettx
open bitcoin through that shortcut and the money will appear back in your wallet (wait for rescan it can take a while), then you can send it again and just use the recommended fee.
So how does that whole zapwallet thing work out . Or much rather can I delete the transaction without the money being lost ?
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NotNoobdpr (OP)
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August 10, 2016, 02:54:43 PM |
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Tbh . I seriously need some help of someone who could guide me through it step by step. I barely have a clue how to properly use the programs because for the purpose I've used it, my current knowledge was enough. But now that I that all my btc are stuck in a pending transaction it would be very helpful if someone could tell me what the easiest way for me is to get my btc back onto my Bitcoin core wallet, assuming that I have no clue what so ever how to start of .
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bitdumper
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August 10, 2016, 03:14:30 PM |
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without transaction fees you can just hope that it will get confirmed.but when i did that it takes about 3days to confirm a single transaction and if it stays 0 conformation after 3days then try to re broadcast it
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frediiii
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August 10, 2016, 03:31:35 PM |
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I always had to resend btc onto the website to finally have the right amount of btc on the websites wallet so you basically want to send with 0 fee because then you would make sure the correct amount of BTC gets to the service you use? that only happens if you check the "subtract fee from amount" checkbox. if you don't check that box and send 1.0 BTC, the recipient will receive 1.0 BTC. You will be charged 1.00010176 BTC (so amount + fee) problem solved!
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pogress
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August 10, 2016, 03:33:23 PM |
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Tbh . I seriously need some help of someone who could guide me through it step by step. I barely have a clue how to properly use the programs because for the purpose I've used it, my current knowledge was enough. But now that I that all my btc are stuck in a pending transaction it would be very helpful if someone could tell me what the easiest way for me is to get my btc back onto my Bitcoin core wallet, assuming that I have no clue what so ever how to start of .
Bitcoin core rebroadcast your transaction continually till it gets a confirmation. Because of this behavior, the node's mempool will not drop your transaction. To increase fee, keep a backup of your wallet.dat and start Bitcoin core with -zapwallettxes. It removes your unconfirmed transactions, so u can create a new transaction. Dont use unconfirmed inputs to create new transaction, it might delay confirmation even if you use high fees. Imporant: to be sure your original transaction wont get confirmed later (and you do not end paying twice), at least one of the same inputs must be used in both the old and new transaction.
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DannyHamilton
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August 10, 2016, 04:05:01 PM |
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So many completely crap posts from sig ad participants that are willing to say anything just to get credit for another advertising post. It's getting difficult to find the actual questions and helpful information among all the noise and nonsense. Tbh . I seriously need some help of someone who could guide me through it step by step.
Ok, lets start by making sure that we know exactly what we are working with. Different versions of software have different features. Do you know for certain what version of Bitcoin Core you are running? If so, please let us know. If not, in Bitcoin Core there should be a "Help" drop-down menu option. Choose that. One of the options in the "Help" menu is "Debug Window". Choose that. In the debug window you will see a tab or button for "Console". Choose that. In the text entry area of the Debug Window enter the command: This should return a "version" (along with a bunch of other stuff. Let us know what the version is. To get a head start on the next step, assuming that you are on the most recent version of Bitcoin core... Choose the "Transactions" tab in your Bitcoin Core, you should see your unconfirmed transaction listed there. Double-click on the unconfirmed transaction, a box should pop up with information about the transaction. Copy the long alphanumeric value after "Transaction ID". Go back to the "Console" in the "Debug Window" under the "Help" menu. In the text entry area of the Debug Window enter the command: abandontransaction transactionID
Replacing transactionID with the actual Transaction ID that you copied earlier. Make sure to remove the -000 from the end of the Transaction ID. This suffix is not to be included when you run the abandontransaction command.
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franky1
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August 10, 2016, 04:36:29 PM |
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Why does everyone want to use Bitcoin for free? It's a financial tool for transferring money that has a built in cost for the bank (miners) that's sending the money. Why is it necessary to screw them out of their cost of doing business? Give them a nice healthy fee now and get used to the fee that you'll be paying when the built in mining reward drops to an inconsequential amount in about 8 years and the demand on the network skyrockets. At that point you'd be lucky to get a transaction confirmed for a .36 Btc fee.
facepalm your answer seems to be the opposite of what i expected. im guessing the original owner of the account sold it to a noob. here is my reply. addressing the OP's question the fee's are based on the demand(how many people want to send a tx straight away around the same time you do) and the supply(how much data space is available in a block to allow a transaction in) think of it like a train.. if there are 5000 passengers(transactions) waiting for a train(block) but only enough standing room on the train for 2500 people. the ticket hustlers who have the 2500 tickets can charge a premium to those who want it.. leaving other people waiting for the next train. the only problem is that the next train might also see a new set of 5000 people walking onto the platform. so those not wanting to buy a premium ticket wont get on the next one. after a day of waiting you exit the station on your feet(dropped out of mempool) and you can if you want to come back again this time with money to by a ticket(rebroadcast transaction with fee). however you need to manually keep an eye on the current estimated "bid" price people are paying and pay a little higher. afterall other people will be looking at the same estimate too (causing a fee war of increasing fee's when demand is high) the solution is not to argue that people should pay up or shut up due to fears that the train company wont get paid healthily in a decade or too.. but to ask the train company to add more carraiges to add more capacity to allow more passengers cheaper, which when combined adds up to a healthy income. trying to start a fee war now when the blockreward is the income and the fee is just a bonus is stupid.. it will be over a decade before that flips and the fee becomes more important. so there is no need to piss customers off now for something that can be controlled and offset naturally and slowly over the next few years/decades. in short. untill extra capacity is added to blocks your stuck with the fee war so check this website https://bitcoinfees.21.co/and remember to read the page. the numbers at the top are not fee per transaction but fee per byte of a transaction at time of posting: The fastest and cheapest transaction fee is currently 80 satoshis/byte, shown in green at the top. For the median transaction size of 258 bytes*, this results in a fee of 20,640 satoshis (0.11$). *small 1-2 input, 1-2outputs as to the guy named "question authority" i think he forgets that bitcoin was invented to help the unbanked and those that do not want to be paying high fee's just to move their money around.. seems "question authority" has now become "silence and accept, and pay for authority" i have nothing against paying for what you use. but when there is a way to code something to offset costs to allow cheaper use, and also spread the cost to help everyone out, especially decades before that "cost" is an actual need. yet the current situation is not to go forward with that and instead shut up and put up with fee's or F-off if you dont want to pay.. then i find people have really lost the plot
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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MingLee
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August 10, 2016, 04:43:45 PM |
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So I've been going through the beginners section of this forum but couldn't find a thread, dealing with the problem I got atm. I got a bitcoin core wallet and wanted to send a certain amount of bitcoins to a certain tor website . I've done that before and was annoyed by the transaction fee that I was charged throughout the transaction because I always had to resend btc onto the website to finally have the right amount of btc on the websites wallet . This time I saw that there's the possibility to adjust the transaction fees manually and even tick in a box which says (send without transaction fees if possible) I did that without hesitating and now have to deal with the consequence of waiting forever until the transaction is finished. My question now is. What is the longest time a transaction of 0.36 btc can take . Or how long should I expect this transaction to take ?
It depends on the fee, as you should expect, but if you put in a fee of 0 then it might never get confirmed because there is no incentive for it to be in the block. I would expect for it to take a few dozen hours, depending, but you might get lucky and only have it take 2-3 hours. I would always recommend using the suggested fee, which I believe is something like 1203 satoshi or whatever. It's incredibly cheap.
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Kprawn
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August 10, 2016, 07:41:32 PM |
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What is the longest time a transaction of 0.36 btc can take.
There is no requirement that it ever be confirmed. Or how long should I expect this transaction to take?
That's very difficult to predict. It could get confirmed in the next block. It could take hours, or days, or weeks, or months, or decades, or centuries. At this point you are simply waiting for a generous miner (or mining pool) to decide to earn less money for themselves by confirming your transaction for you out of the charity in their heart rather than confirming a transaction that would pay them a fee. There are a few options that you can choose from to address the situation. I assume you are using Bitcoin Core (since you mentioned the fee adjuster and checkbox)? - Just wait and hope.
- Re-broadcast the transaction regularly so the nodes on the network don't forget the transaction.
- Remove the transaction from your wallet, wait for most of the network to forget your transaction and then send a new one.
- Contact a miner or mining pool and ask them directly to include your transaction in one of their blocks.
Why would a miner or mining pool waste resources on a 0.36 BTC transaction with zero fees? Would it not be better to contact them and offer them the correct fee or even a higher than average fee to get the tx included in one of their blocks? I do not have a speed dial number for any of these miners, but I guess it is possible if you are desperate enough to get the tx confirmed. The lesson to be learned from this is not to be a cheapskate. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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DannyHamilton
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August 10, 2016, 07:58:30 PM |
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Why would a miner or mining pool waste resources on a 0.36 BTC transaction with zero fees?
Because you ask nicely? Or because you negotiate something (such as a direct payment of bitcoins) in exchange for the confirmation? Would it not be better to contact them and offer them the correct fee or even a higher than average fee to get the tx included in one of their blocks?
Sure, that would be a nice way to ask. I do not have a speed dial number for any of these miners
You can just send them a PM. Several of them are active members of this forum. In particular there are two members, macbook-air and Quickseller, that both have access to add transactions directly to blocks solved by one of the currently largest pools (F2Pool). You could try sending one of them a message.
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DOGE12321
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August 10, 2016, 10:57:23 PM |
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Since you put no transaction fee, your transaction doesn't necessarily have to be confirmed. It is near to impossible to predict when your transaction would be confirmed. ![Sad](https://bitcointalk.org/Smileys/default/sad.gif) In the best case scenario, I think it may take a week. I don't have much experience with such problems as I always pay the transaction fee. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
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QuestionAuthority
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August 10, 2016, 10:57:26 PM Last edit: August 10, 2016, 11:15:42 PM by QuestionAuthority |
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Why does everyone want to use Bitcoin for free? It's a financial tool for transferring money that has a built in cost for the bank (miners) that's sending the money. Why is it necessary to screw them out of their cost of doing business? Give them a nice healthy fee now and get used to the fee that you'll be paying when the built in mining reward drops to an inconsequential amount in about 8 years and the demand on the network skyrockets. At that point you'd be lucky to get a transaction confirmed for a .36 Btc fee.
Bunch of stupid meaningless bullshit When I first came here all the dumbasses were so happy that they could send a half a penny around the world for free. Then they were happy that they could send non dust transactions for free. Then they were happy they could send non dust transactions for a small fee. Then they were happy they could get a transaction to actually confirm and be accepted by the network for a small fee. See a pattern here dumbass? Transaction fees are just going to go up as the system matures. Believe it or not the mighty Jesus/Satoshi knew about this and wrote about it. Try reading section 6 of the white-paper and his older posts on this forum. As always, you're clueless. You do know why people buy accounts don't you dumbass (can I call you by your first name, I don't want to seem forward)? They buy them to make money in the marketplace, to sell something or use for a signature campaign. I have NEVER posted in the marketplace section, sold anything to anyone here or ran a sig campaign. In fact, if you want to look at my signature it's a link to gambling anonymous because so many bitcoiners are getting fucked by gambling and a link to a thread talking about removing signatures because they are spam creators.
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Holliday
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August 10, 2016, 11:47:19 PM |
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Why does everyone want to use Bitcoin for free? It's a financial tool for transferring money that has a built in cost for the bank (miners) that's sending the money. Why is it necessary to screw them out of their cost of doing business? Give them a nice healthy fee now and get used to the fee that you'll be paying when the built in mining reward drops to an inconsequential amount in about 8 years and the demand on the network skyrockets. At that point you'd be lucky to get a transaction confirmed for a .36 Btc fee.
Bunch of stupid meaningless bullshit When I first came here all the dumbasses were so happy that they could send a half a penny around the world for free. Then they were happy that they could send non dust transactions for free. Then they were happy they could send non dust transactions for a small fee. Then they were happy they could get a transaction to actually confirm and be accepted by the network for a small fee. See a pattern here dumbass? Transaction fees are just going to go up as the system matures. Believe it or not the mighty Jesus/Satoshi knew about this and wrote about it. Try reading section 6 of the white-paper and his older posts on this forum. As always, you're clueless. You do know why people buy accounts don't you dumbass (can I call you by your first name, I don't want to seem forward)? They buy them to make money in the marketplace, to sell something or use for a signature campaign. I have NEVER posted in the marketplace section, sold anything to anyone here or ran a sig campaign. In fact, if you want to look at my signature it's a link to gambling anonymous because so many bitcoiners are getting fucked by gambling and a link to a thread talking about removing signatures because they are spam creators. Dude, you might as well go explain the internal combustion engine to a two year old. At least you would have a chance at success instead of just wasting your time! ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Pretty much everything, to franky1, is about the block size, and he goes to great lengths trying to convince everyone that we desperately need to increase it last year or Armageddon. 'Cuz you know, the best use case for censorship-proof money is sending ha'pennies around the world for free!
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If you aren't the sole controller of your private keys, you don't have any bitcoins.
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topiOleg
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August 10, 2016, 11:55:17 PM |
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My question now is. What is the longest time a transaction of 0.36 btc can take . Or how long should I expect this transaction to take ?
Your free transaction could confirm in about a week, at least this was my experience two months ago. And the longest time? The sky's the limit (there is no upper limit).
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Johnny00
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August 10, 2016, 11:56:44 PM |
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It could never get confirmed. You need to cancel the transaction
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