Bitcoin Forum
May 12, 2024, 10:51:00 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Please do not withdraw dust  (Read 349 times)
wetsuit (OP)
Legendary
*
Offline Offline

Activity: 981
Merit: 1026


View Profile WWW
April 01, 2017, 07:06:00 AM
 #1

Just a warning to faucet collectors - please do not withdraw dust amounts to your wallet. Either set a high threshold in your micropayment caches before withdrawing or accumulate your balance in faucets before withdrawing. If you withdraw dust, you will end up with transactions like these when trying to spend your coins:

https://www.blocktrail.com/BTC/tx/050a818311ace31976b5dfab0ca260a2dfbaeaefc33fef027677a4717e598aae

The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715554260
Hero Member
*
Offline Offline

Posts: 1715554260

View Profile Personal Message (Offline)

Ignore
1715554260
Reply with quote  #2

1715554260
Report to moderator
1715554260
Hero Member
*
Offline Offline

Posts: 1715554260

View Profile Personal Message (Offline)

Ignore
1715554260
Reply with quote  #2

1715554260
Report to moderator
Quimby88
Sr. Member
****
Offline Offline

Activity: 484
Merit: 250



View Profile
April 01, 2017, 09:22:06 AM
 #2

That's true indeed. I have one super old bitcoin address where I am still collecting some referral commission and I didnt really care last couple of months, but a few weeks ago I checked that address and I find out there is $34, so I wanted to withdraw them but blockchain suggested $14 transaction fee and I wasn't willing to pay that...

but there is one trick what you can do, simply send all your funds to a different address (yours) with a really low fee to electrum wallet, electrum will allow you to spent unconfirmed funds, so you can resend all your funds to another your wallet with a little bit higher transaction fee. Once this latest will be confirmed, all your previous transaction will be confirmed as well.
 
It saved me around 13 usd...
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!