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Author Topic: Unconfirmed with proper tx fee  (Read 670 times)
unknown100300
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October 20, 2016, 07:23:22 PM
 #1

I have a transaction sitting in pending that has not yet been confirmed, going on 24 plus hours. Tx was 1 Btc, fee was .00001 btc. Correct wallet address. The sending address was an Electrum wallet on a portable TAILS install with persistence enabled. I don't have access to the TX number right now, but I can provide it. My question is, if the transaction stays unconfirmed, will the coins be returned to my Electrum wallet?
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October 20, 2016, 07:35:20 PM
 #2

.00001BTC is a very low amount of fee (so it's not exactly proper) and your transaction might take a really long time to confirm or never at all.
If the transactions get dropped by most nodes the bitcoins will return to your wallet. You may need to restore from seed to get rid of the old unconfirmed transaction (not sure about this).

If you enabled RBF for that transaction then you can increase the fee.

                                                                       
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October 20, 2016, 07:37:11 PM
 #3

Your fee is not a high enough fee. The fee for a median sized transaction would be 0.00022600 BTC.

Bitcoin will not be sent back to your wallet. You can tell your wallet to forget about the transaction and it will seem as if the transaction never happened, but only to your wallet. That does not mean that the transaction will be forgotten by the network. You will still have to send the Bitcoin again with a higher fee in order to "cancel" the original transaction.

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October 20, 2016, 07:39:37 PM
 #4

RBF? I am not sure what that is, so it is unlikely I had it enabled. I guess I was confused, I had always used the suggested fee and it's always panned out well before, anything I can do?
Worst case scenario, is there a way I can recover the coin or resend them?
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October 20, 2016, 07:47:28 PM
 #5

RBF? I am not sure what that is, so it is unlikely I had it enabled. I guess I was confused, I had always used the suggested fee and it's always panned out well before, anything I can do?
Worst case scenario, is there a way I can recover the coin or resend them?

RBF:
https://www.reddit.com/r/Bitcoin/comments/3uphgv/eli5_what_is_rbfreplacebyfee/

Do you have the transaction id?
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October 20, 2016, 07:56:45 PM
 #6

You can tell your wallet to forget about the transaction and it will seem as if the transaction never happened, but only to your wallet.

Is that possible with electrum?

RBF? I am not sure what that is, so it is unlikely I had it enabled. I guess I was confused, I had always used the suggested fee and it's always panned out well before, anything I can do?

Replace-by-Fee. The transaction will be marked as replaceable if it's opted in. If you don't see it then you're not using it (and it can't be used on an existing transaction).

Quote
Worst case scenario, is there a way I can recover the coin or resend them?
As I posted above. Do that by letting nodes forget about the transaction (should take a day or two) and resend.

                                                                       
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unknown100300
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October 20, 2016, 08:36:20 PM
 #7

Can the tx help at all?
Tx: 371a61ce1262da1de44a9aef2f3bfb9a79f3ae0d25f23255741d18a5bacb0ce9

How can I cause Electrum to forget a transaction?
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October 21, 2016, 08:37:57 AM
 #8

Can the tx help at all?
Tx: 371a61ce1262da1de44a9aef2f3bfb9a79f3ae0d25f23255741d18a5bacb0ce9

How can I cause Electrum to forget a transaction?

As the fee you included in your transaction is below the relay amount, you can create another wallet with your master public key and that will have the transaction missing. I don't think Electrum is able to purge transactions yet, as I have seen a lot of users requesting it.

Steps:
1: Export Master Public Keys.
 1.1: Go to wallet and click on Master Public Keys.
 1.2: Transfer that string of text onto another computer. (If they are on the same network, ssavr.com is an excellent tool to do it.)
2: Create the transaction from another Electrum wallet
 2.1: Setup electrum on another computer
  2.1.1: "Restore a wallet or import keys"
  2.1.2: Standard wallet
  2.1.3: Input your Master Public Key.
 2.2: Go into settings and enable dynamic fees, if it isn't enabled already
 2.3: Create a transaction as you normally would.
 2.4: Instead of signing it, click copy.
 2.5: Transfer the string of text into your wallet with your private key installed. (Again, if they are on the same network, I recommend ssavr.com)
3: Signing the transaction.
 3.1: In your old wallet, click loan transaction -> text
 3.2: Paste your string of text into the box.
 3.3: Sign the transaction and broadcast it.

If this sounds too complicated, I can do the second steps for you. I will be able to create the transaction, you can examine it and sign it.
You have to send me the Master Public Key. There is a few problems regarding privacy and security. I can tell you more about them, in case you want me to do it.

Edit: If someone is able to come up with a simpler solution, I would like to hear it. I have always done it like this.

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October 21, 2016, 08:46:08 AM
 #9

An interesting set of events and also lessons for us all.
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October 21, 2016, 08:56:45 AM
 #10

this transaction is at 35 Confirmation, and this thread has not been updated by the OP

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October 21, 2016, 09:29:52 AM
 #11

this transaction is at 35 Confirmation, and this thread has not been updated by the OP

I'm not sure OP has seen that, it's his original transaction.
And I'm sure OP was very lucky, since the pool of unconfirmed transactions decreased a lot.
24h ago he would have not stand a chance (23 MB of unconfirmed have piled up back then).

I am impressed that a transaction with 1000 tx fee still works (of course, much slower).

OP, please lock the thread.

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