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Author Topic: What happens to unapproved transactions?  (Read 896 times)
Chin Cheng
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February 27, 2017, 06:40:46 PM
 #21

If the fees is low, there's a chance that a miner might put it in his block and confirm the transaction. If its extremely low or has no fees then there's a good chance that the transaction stays unconfirmed for a period of time and then it is sent back to the address which was initially used to send the BTC. I am not sure about time that it would take for the money to be sent back.
What i do not understand is how can a transaction registered in block be returned if it was found that it was a zero fee transaction .And is it possible for the miner to proceed with the transaction even with a zero fees if he wants to.Will there be any core updates from the developers to tackle the transaction delays.
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February 27, 2017, 06:50:25 PM
 #22

What i do not understand is how can a transaction registered in block be returned if it was found that it was a zero fee transaction.

It cannot unless that block becomes orphaned.

And is it possible for the miner to proceed with the transaction even with a zero fees if he wants to.

Yes.

Will there be any core updates from the developers to tackle the transaction delays.

Pay a higher fee.  You'll have less of a delay.

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February 27, 2017, 06:56:39 PM
 #23

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

Transaction gets dropped and coins return to original sending address.

The timing depends, transaction may be rebroadcast.

Yes true and correct, But usually this happened to those people who gave small low fee's in the blockchain. I remembered in the other nation told give 1$ for the charge fee for you to be prioritize.

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batang_bitcoin
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February 28, 2017, 01:53:22 PM
 #24

It will be returned as usual when a transaction doesn't get confirmation for a longer time. And if you are worrying about it, you don't have to worry about it. But still there are miners that are confirming transactions even there are no fees included. I haven't read and experience other results when your transaction isn't approved at all.

@batang_bitcoin
I knew that unapproved transactions are returned but I wonder. Are they returned with 100% of the value or fees is deduced from this operation ? Sorry if the question look stupid. But someone needs to be rewarded for return it

Yes it's completely 100% since there's no confirmation and transaction is unsuccessful, there's no deduction with the original amount that you had sent. So you don't have to worry about it mate, no reward needs to be given since they don't even did their job for confirming your transaction.

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