Little problem with Electrum

[paja93]

Hi, im new in using a desktops wallets, and i choose an a Electrum.
I don't understand almost anything about fees,blocks(i think it's called blocks) etc..
And playing with that i changed something.. today i sent 3 transactions, and they are marked with "low fee" with 0 transaction confirmations :/

I really like a electrum, but i don't understand how to set up fees properly..
Ca somebody help me please?

[1715475449]

1715475449

[1715475449]

1715475449

[jackg]

Keep the transactions at the default that is set to the electrum wallet. There should be a "restore to default" in the preferences section.
Do you need the transactions speeding up? If you post the TX's here we can estimate how long it will take for them to confirm.

Edit: go to TOOLS→Preferences→ and tick dynamic fees

[pitham1]

Hi, im new in using a desktops wallets, and i choose an a Electrum.
I don't understand almost anything about fees,blocks(i think it's called blocks) etc..
And playing with that i changed something.. today i sent 3 transactions, and they are marked with "low fee" with 0 transaction confirmations :/

I really like a electrum, but i don't understand how to set up fees properly..
Ca somebody help me please?

Did you set the fees manually? If so, setting fees automatically should help.
Go to Tools --> Preferences --> Fees.
Enable the checkbox "Use dynamic fees".

[paja93]

It will be nice if i can go to default but i can't find that option.
I just want a normal speed transaction... i wait i think 3-4 hours and still nothing..

[paja93]

It is on "Use dynamic fees".
Screenshoot: http://prntscr.com/e76ino

[jackg]

It is on "Use dynamic fees".
Screenshoot: http://prntscr.com/e76ino

Have you restarted the computer/electrum client since?
Sometimes it might take the session of use of it to end before it can load the preference properly? And it won't apply to transactions already sent.

[paja93]

Yes i am.
From the beginning that feature is turned on. I never change that, i just move a slider i think..
when i sent a bitcoins it was somewhere here.. http://prntscr.com/e76knl

[jackg]

Yes i am.
From the beginning that feature is turned on. I never change that, i just move a slider i think..
when i sent a bitcoins it was somewhere here.. http://prntscr.com/e76knl

The electrum client still thinks that you want to send your transactions manually. Restart your computer and try it again (after shutting down the electrum wallet - unless you've already done this since changing the preferency settings).
IF you hover over part of the pointer, does it give a percentage - if it does, move the slider up to 100%.

Also, you can use this acceleration I think with your transactions: https://www.viabtc.com/tools/txaccelerator/ for the transactions you want acclerating [should confim between 1-3 hours]

[paja93]

I don't understand this part "The electrum client still thinks that you want to send your transactions manually."

I didn't changed "Use dynamic fees" option, it was checked always.
Now i restarted computer and this is how it is, so to don't touch that anymore?
http://prntscr.com/e76qke

[jackg]

I don't understand this part "The electrum client still thinks that you want to send your transactions manually."

I didn't changed "Use dynamic fees" option, it was checked always.
Now i restarted computer and this is how it is, so to don't touch that anymore?
http://prntscr.com/e76qke

I meant it probably still thinks you want to set the fee manually.
However, I have no idea what that is doing and will grab the latest downoad of electrum and see if I can find the problem there as there doen't appear to be a problem with the transaction fee setting anymore.

[paja93]

No, i just want to send bitcoins regulary with normal speed, this is really too long and maybe it's my fault.
I move that slider to left for no reason... i think it can be that.
I hope that they will be sended for few hours, because it's important

[jackg]

No, i just want to send bitcoins regulary with normal speed, this is really too long and maybe it's my fault.
I move that slider to left for no reason... i think it can be that.
I hope that they will be sended for few hours, because it's important

Did you use the accelerator I suggested? That'll probably do it and wll get it confirmed within around 3 hours.
Maybe it was just an error that occurred, how long have the transactions taken so far to confirm?

[paja93]

I did that, for now 5 hours with 0 confirmations.
Can you help me to set up fee slider for next transactions?

[jackg]

I did that, for now 5 hours with 0 confirmations.
Can you help me to set up fee slider for next transactions?

I'm not sure how you'd do it on the newer version of electrum in order to set upthe fee slider to wrok better.
However, if you set the transaction fee to be a set amount per KB then the amount you need to set is around 0.0005BTC per KB.
That'd be for a fairly quick conformation (one in a few blocks - 60 mins max).
Unless you uncheck and recheck the dynamic fee settings or move the slider back to it's original point. You could also try reinstalling the software (or just wait to see if a more advanced member who can navigate the software better sees your post).

[paja93]

I found a videos on youtube but everything is with older versions and they seems more simpler to me..

See screenshoot below, so dynamic fee is  checked and when slider is on the left side it show this.
http://prntscr.com/e77ed1

I think that i send this transactions with same  settings and how you can see, it's very very slow :/

[jackg]

I found a videos on youtube but everything is with older versions and they seems more simpler to me..

See screenshoot below, so dynamic fee is  checked and when slider is on the left side it show this.
http://prntscr.com/e77ed1

I think that i send this transactions with same  settings and how you can see, it's very very slow :/

AHA! 25 blocks is the minimum that you can get it to (I think based on the app).
Slide it to the the other side and it should make your transaction much faster (you want it to be within the first 5 blocks - around 50 minutes). More expensive to put it in the first block and people expect transactions to take about that time to confirm normally sometimes.

[paja93]

So if slider is on about here http://prntscr.com/e77gzx fee will be about 0.001 for every transaction i made?

[paja93]

Also,what is point then to check "Use dynamic fees" o.O

[jackg]

So if slider is on about here http://prntscr.com/e77gzx fee will be about 0.001 for every transaction i made?

Yes, but that's adding it to the immediate next block (or with a high likeliood to do so). I don't think there is a point to set the fees so high, if you move it down a tiny amount to say "5 blocks" then it'll be a little cheaper (I think).

Also,what is point then to check "Use dynamic fees" o.O

Use dynamic fee means that it changes with the network.
Your current fee changes with the network now as that is selected.
This figure is based on lots of things suh as averages for a specific amount of times and the likelihood of transactions being included in blocks. If the average transaction fees used are 0.002BTC instead of 0.001BTC then dynamic fees for the maximum fee will be moved up to 0.002BTC. The others are calculated from how miners mine blocks (whcih takes into consideration the age of a transaction and the fee included with it).  :'

[paja93]

On screenshoot you can see that i set slider to 5 blocks and fee is about 0.001. It's that normal?

[paja93]

Wow 5 confirmations on all 3 transactions 
Thank you my brother, i will find out  later about fees..

[bL4nkcode]

On screenshoot you can see that i set slider to 5 blocks and fee is about 0.001. It's that normal?

Yes I guess it's just normal and it's not necessary to have that amount(0.001) for your transaction fee, 0.0002 - 0.0004 and above is okay, and it will be confirmed after 1-2 hours. So you don't need to worry about your next transaction.

[paja93]

Thanks to all 

[jackg]

On screenshoot you can see that i set slider to 5 blocks and fee is about 0.001. It's that normal?

Yes I guess it's just normal and it's not necessary to have that amount(0.001) for your transaction fee, 0.0002 - 0.0004 and above is okay, and it will be confirmed after 1-2 hours. So you don't need to worry about it.

Yes. I think something like 0.0007BTC is recommended for a confirmation after 5 blocks (50 minutes).

If anyone's interested, the formula for transaction confirmation rate is something like (maturity of transaction*fee/age) meaning that if the fee is halved, it can be added the block after the initial one. So 0.001BTC would get it in the 2nd block instead of the 0.002BTC that gets in the first.

Wow 5 confirmations on all 3 transactions  
Thank you my brother, i will find out  later about fees..

Glad to know it worked! If you have any more questions feel free to ask them.