New to BTC - Accidentally shifted the decimal on my transaction fee...

[lovAdnemeitbej1]

Put in my first transactions yesterday. However, I accidentally shifted the decimal on my transaction fee, so I only sent 0.00005 instead of 0.0005 (tranaction of ~0.11 BTC). Anyone able to help get it into a block? I can compensate if you'd like.

Otherwise, I'd be happy to RBF, but I haven't found a way to do that with Electrum 2.6.4 - if anyone knows a way that would work for me too!

Like Bitcoin, I'm new to the forum here as well, so apologies if I'm breaking a rule - simply unaware and learning as I go. Happy to correct my ways if someone yells at me.

Thanks!

[aarons6]

Put in my first transactions yesterday. However, I accidentally shifted the decimal on my transaction fee, so I only sent 0.00005 instead of 0.0005 (tranaction of ~0.11 BTC). Anyone able to help get it into a block? I can compensate if you'd like.

Otherwise, I'd be happy to RBF, but I haven't found a way to do that with Electrum 2.6.4 - if anyone knows a way that would work for me too!

Like Bitcoin, I'm new to the forum here as well, so apologies if I'm breaking a rule - simply unaware and learning as I go. Happy to correct my ways if someone yells at me.

Thanks!

the new electrum 2.7 has that option, but you have to enable it before you send the bitcoin.. cant be done after..


do you have the tx id? .00005 tho is probably not enough.. it might not even make it on the network so you might can resend it with more fee.

at the moment .0005 is not even enough, you need .0008 / KB to make it in the next few blocks.


i too have a tx that has been stuck in the system for almost 20 hours

it really sucks when we are so behind on transactions and you see antpool solving empty blocks

[DannyHamilton]

You could always contact someone that can push transactions into blocks for one of the larger pools so it gets confirmed in their next block.  They'll probably want some sort of fee for the service.  There are a couple of them that are members here at bitcointalk.org:

Quickseller

macbook-air

[crwth]

I have also accidentally clicked the custom per kilobyte fee. I wasn't paying much attention. And it's almost 19 hours and i think it still hasn't come through.

I have made a transaction also. Here is the transaction id a2e2a739762bb7de78fec46a2b957fd0e3a156977c118b6880815d6440764e4a.

What do you suggest?

[DannyHamilton]

- snip -
What do you suggest?

I suggest you read the thread so I don't have to re-type what I already typed.

[Kakmakr]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

[pooya87]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

check out the many BIPs that have been created so far, they have all been trying to avoid making a centralized thing like what you suggest.
examples:
- simply resend the transaction with higher fee
- Child Pays for Parent (CPFP)
- Transaction replacement (RBF)
all these makes it automatic, so you only need a bitcoin wallet to make the transaction and send. some of these are not implemented my miners though! (like CPFP)

[franky1]

You could always contact someone that can push transactions into blocks for one of the larger pools so it gets confirmed in their next block.  They'll probably want some sort of fee for the service.  There are a couple of them that are members here at bitcointalk.org:

Quickseller

macbook-air

and here is another reason core are happy with the fee war.. its not about spam. its about money..
finding new ways to give people headaches and then cost them more money to get around a headache.

if only devs used code to sort out spam. like limiting sigops and having a cooldown period (like the blockreward has) before spending.. instead of using "fees" as the mechanism to avoid spending or making it costly to spend.

i feel ashamed that the dev's are using economic rules instead of code rules to sway who should and shouldnt use bitcoin.
2013+ has definetly been the period bitcoin jumped into the bankers pockets

[crwth]

- snip -
What do you suggest?

I suggest you read the thread so I don't have to re-type what I already typed.

I read what you suggested, I just don't trust that member he has negative trust.

[shorena]

- snip -
What do you suggest?

I suggest you read the thread so I don't have to re-type what I already typed.

I read what you suggested, I just don't trust that member he has negative trust.

There is nothing anyone can do if you just give them your transaction ID. The 2nd link should be -> https://bitcointalk.org/index.php?action=profile;u=16114

macbook-air has/works for a mining pool and Quickseller is in good standing with that pool.

[Kakmakr]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

check out the many BIPs that have been created so far, they have all been trying to avoid making a centralized thing like what you suggest.
examples:
- simply resend the transaction with higher fee
- Child Pays for Parent (CPFP)
- Transaction replacement (RBF)
all these makes it automatic, so you only need a bitcoin wallet to make the transaction and send. some of these are not implemented my miners though! (like CPFP)

Ok, I might have used the wrong word, "automation" in that context. This should not be part of Bitcoin, but rather a value added services, provided by independent people. Like badbitcoin where scams are reported in one place and people have a one-stop solution to their problem.

So when we see this, " My tx is not confirmed for 20 hours, because I send too little fees " We can simply direct them to a centralized service to resolve this matter. Not everyone have the skill set to do this, so they need a little help.

This is not a permanent solution, but it adds a temporary solution to the problems being experienced now. In theory, if SegWit & LN is accepted, this might not be a problem anymore, but we are still far away from that and the users have these problems now.

[crwth]

- snip -
What do you suggest?

I suggest you read the thread so I don't have to re-type what I already typed.

I read what you suggested, I just don't trust that member he has negative trust.

There is nothing anyone can do if you just give them your transaction ID. The 2nd link should be -> https://bitcointalk.org/index.php?action=profile;u=16114

macbook-air has/works for a mining pool and Quickseller is in good standing with that pool.

Thank you for that. I was wondering why it was leading to the same profile. I would look into it.

[aarons6]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

check out the many BIPs that have been created so far, they have all been trying to avoid making a centralized thing like what you suggest.
examples:
- simply resend the transaction with higher fee
- Child Pays for Parent (CPFP)
- Transaction replacement (RBF)
all these makes it automatic, so you only need a bitcoin wallet to make the transaction and send. some of these are not implemented my miners though! (like CPFP)

Ok, I might have used the wrong word, "automation" in that context. This should not be part of Bitcoin, but rather a value added services, provided by independent people. Like badbitcoin where scams are reported in one place and people have a one-stop solution to their problem.

So when we see this, " My tx is not confirmed for 20 hours, because I send too little fees " We can simply direct them to a centralized service to resolve this matter. Not everyone have the skill set to do this, so they need a little help.

This is not a permanent solution, but it adds a temporary solution to the problems being experienced now. In theory, if SegWit & LN is accepted, this might not be a problem anymore, but we are still far away from that and the users have these problems now.

specially since you really dont know if you are sending enough fee unless you overkill it..

like i sent a tx with .0003 and 20 hours later nothing, i resent it with .0005 and bam 1 block confirmed.. :/

[Pursuer]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

check out the many BIPs that have been created so far, they have all been trying to avoid making a centralized thing like what you suggest.
examples:
- simply resend the transaction with higher fee
- Child Pays for Parent (CPFP)
- Transaction replacement (RBF)
all these makes it automatic, so you only need a bitcoin wallet to make the transaction and send. some of these are not implemented my miners though! (like CPFP)

Ok, I might have used the wrong word, "automation" in that context. This should not be part of Bitcoin, but rather a value added services, provided by independent people. Like badbitcoin where scams are reported in one place and people have a one-stop solution to their problem.

So when we see this, " My tx is not confirmed for 20 hours, because I send too little fees " We can simply direct them to a centralized service to resolve this matter. Not everyone have the skill set to do this, so they need a little help.

This is not a permanent solution, but it adds a temporary solution to the problems being experienced now. In theory, if SegWit & LN is accepted, this might not be a problem anymore, but we are still far away from that and the users have these problems now.

specially since you really dont know if you are sending enough fee unless you overkill it..

like i sent a tx with .0003 and 20 hours later nothing, i resent it with .0005 and bam 1 block confirmed.. :/

this is because the mempool is currently about 30,000+ transactions (34986.251 KB) waiting to be included in a block and each block usually have about 2K-3K (998 KB) transaction included on average.

https://blockchain.info/unconfirmed-transactions

and that is while people are creating new transactions every minute and mempool getting bigger or at least stay the same size since blocks are also mined.

2016 bitcoin Fee wars™

[aarons6]

I have always wondered if a service could not be created to automate the troubleshooting of problems like this? A group of miners and/or a pool could offer this service as a extra income. They should create a website, where they advertise this service.

A lot of newbies and old timers makes mistakes and if they are not aware of the people rectifying these mistakes, then they are going to get frustrated with this technology. Let's create a single portal for problem solving of tx mistakes like these.

Call them the <TXBusters> ^smile^

check out the many BIPs that have been created so far, they have all been trying to avoid making a centralized thing like what you suggest.
examples:
- simply resend the transaction with higher fee
- Child Pays for Parent (CPFP)
- Transaction replacement (RBF)
all these makes it automatic, so you only need a bitcoin wallet to make the transaction and send. some of these are not implemented my miners though! (like CPFP)

Ok, I might have used the wrong word, "automation" in that context. This should not be part of Bitcoin, but rather a value added services, provided by independent people. Like badbitcoin where scams are reported in one place and people have a one-stop solution to their problem.

So when we see this, " My tx is not confirmed for 20 hours, because I send too little fees " We can simply direct them to a centralized service to resolve this matter. Not everyone have the skill set to do this, so they need a little help.

This is not a permanent solution, but it adds a temporary solution to the problems being experienced now. In theory, if SegWit & LN is accepted, this might not be a problem anymore, but we are still far away from that and the users have these problems now.

specially since you really dont know if you are sending enough fee unless you overkill it..

like i sent a tx with .0003 and 20 hours later nothing, i resent it with .0005 and bam 1 block confirmed.. :/

this is because the mempool is currently about 30,000+ transactions (34986.251 KB) waiting to be included in a block and each block usually have about 2K-3K (998 KB) transaction included on average.

https://blockchain.info/unconfirmed-transactions

and that is while people are creating new transactions every minute and mempool getting bigger or at least stay the same size since blocks are also mined.

2016 bitcoin Fee wars™

i really dont think this fee thing was thought out too well..
it is cool where one can double the fee and get confirmed faster.. i understand how it was supposed to be.. but there is also a minimum fee.. that should be enough..

there should be a fifo type thing, where after x number of blocks if you put the min fee or higher you get bumped to the top of the list..


the way that it is now, where the tx gets rejected then just disappears is a huge flaw in the system.. and its a big setback.. not to mention a way to be scammed.. if someone sends me bitcoin with 0 fee, im not going to accept it.. but i have to.. cause its already sent.. nobody is going to be like damn well i guess if it doesnt go through ill send you more.. or hey just sit here and wait for 3 days till it drops out so i know..


yes someone should know to check online to see if they need to double up in fees.. or whatever.. but its not something that should be researched before sending bitcoin.. plus most mobile wallets just add their own and dont let you change it..

[Pursuer]

i really dont think this fee thing was thought out too well..
it is cool where one can double the fee and get confirmed faster.. i understand how it was supposed to be.. but there is also a minimum fee.. that should be enough..

that should be enough and that is enough but that is for when there is no Fee wars™ happening.
right now miners are looking at mempool, they see transaction A with x fee/kb and transaction B with y fee/kb (y>x) and they choose TX B to include in the block they mine.

there should be a fifo type thing, where after x number of blocks if you put the min fee or higher you get bumped to the top of the list..

interesting idea actually!
I don't know if that is possible to implement, like having priority if you had the min fee.
and surely miners will never accept this because they benefit from Fee wars™

the way that it is now, where the tx gets rejected then just disappears is a huge flaw in the system.. and its a big setback.. not to mention a way to be scammed.. if someone sends me bitcoin with 0 fee, im not going to accept it.. but i have to.. cause its already sent.. nobody is going to be like damn well i guess if it doesnt go through ill send you more.. or hey just sit here and wait for 3 days till it drops out so i know..

the drop-out you mention is because you are using other people to broadcast the transaction. if you have your own client you can broadcast it forever. and it is not a flaw it is a feature.

yes someone should know to check online to see if they need to double up in fees.. or whatever.. but its not something that should be researched before sending bitcoin.. plus most mobile wallets just add their own and dont let you change it..

you don't check online, you instead check the previous blocks (transactions fees) and decide based on them. you check a website like 21.co one if you don't have a wallet with that feature.
besides some wallets already have this feature. if your wallet doesn't have it then use another one.

update: looky here https://bitcoin.org/en/release/v0.10.0#transaction-fee-changes

[Denker]

You could always contact someone that can push transactions into blocks for one of the larger pools so it gets confirmed in their next block.  They'll probably want some sort of fee for the service.  There are a couple of them that are members here at bitcointalk.org:

Quickseller

macbook-air

Ey that's cool.
Didn't know about that.
However as I mostly use Electrum and have dynamic fees enabled I hope to never have to contact those guys.
But it's good to know that there is a possibility.

[franky1]

the issues with the fee war are.
the obvious ofcourse:
its not a first in first confirmed.
its no longer based on age of coin metrics (of how long ago the funds were recently used) meaning a rich guy can keep spending every~10minutes uninhibited)

but here are some other failures people are not noticing
1. at say 10sat/byte.. knowing average tx is 400byte. thats 4000sat/tx MINIMUM, on a no demand day (just under 3cents)

2. sites that suggest fees are operating in 10sat/byte intervals. meaning it psychologically makes people outbid each other in amounts of 4000sats (3cents rather than 'micropennies/individual sats). meaning if the average was 0.00012. people then pay 0.00016 instead of 0.00012001. pushing the price up by near 3cents per outbid rather than 0.001cent

3. fee's are now estimated over an average. rather then being instantly reacting to demand. meaning it hold the suggested price up for longer even with empty mempools

4. with the "average" metric instead of instantly dropping to suggest that free transactions are allowed in when mempool is empty. it is still biased towards pushing for fee's

basically
economics/price wars should never be used to sort out priority/spam.. CODE and filtering out bloated transactions or repeat spends too quickly, should be used

EG same as blockreward, not mature for X blocks to spend
EG no arbitrary data/messages, just lean tx code

[Carlton Banks]

Fee wars

Fixed.

Sadly, it's a feature, not a "war". If anyone can figure out a different way of preventing spam in Bitcoin, go right ahead, no-one is stopping you. But this is what Satoshi came up with: fees.

I get it: people don't like paying. Well, don't. No-one is forcing you to do anything here, you have other options.

[aarons6]

Fee wars

Fixed.

Sadly, it's a feature, not a "war". If anyone can figure out a different way of preventing spam in Bitcoin, go right ahead, no-one is stopping you. But this is what Satoshi came up with: fees.

I get it: people don't like paying. Well, don't. No-one is forcing you to do anything here, you have other options.

it has nothing to do with no wanting to pay fees.. its the system is seriously broken..

right now we have

30,000 unconfirmed transactions..
and 3.38 or so a second being added to that..

a block is every 10 minutes.. and in that block we get about 1000-2000 transactions confirmed.. more or less but its roughly that.


do the math.. there is no catching up..

the only way to get a tx confirmed is to fight over fees... i add a higher fee, you add a higher fee, someone else adds a higher fee.. pretty soon the fee will be .1 btc / KB.. maybe even more?
at what point does it become too much??

also what about the last people who's fees were high enough but arent now.. because everyone else one upped them?