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Author Topic: block.io withdraw not possible  (Read 741 times)
lordhsn (OP)
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May 26, 2017, 08:58:55 AM
 #1


I need some help with my wallet... that damn block.io...

My balance ist 0.04078 BTC and when i want to withdraw and type the whole balance, it says i have to type 0.03793 so there are still 0.00285 for the network fee.
After i type that 0.03793 in the line the following info pops up:

"Cannot withdraw fund without Network Fee of 0.1017080 BTC. Maximum withdrawable balance is 0.000000000 BTC."

Isn't it a bit too much even when the fees are high at this moment?
I only want to leave this wallet ...

I'm happy for every help
mocacinno
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May 26, 2017, 09:04:12 AM
 #2


I need some help with my wallet... that damn block.io...

My balance ist 0.04078 BTC and when i want to withdraw and type the whole balance, it says i have to type 0.03793 so there are still 0.00285 for the network fee.
After i type that 0.03793 in the line the following info pops up:

"Cannot withdraw fund without Network Fee of 0.1017080 BTC. Maximum withdrawable balance is 0.000000000 BTC."

Isn't it a bit too much even when the fees are high at this moment?
I only want to leave this wallet ...

I'm happy for every help

This looks like something you'd have to ask block.io's helpdesk.
Could you post your wallet's address, so i can have a look at the number of unspent outputs, and see if such a high fee would be needed?

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lordhsn (OP)
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May 26, 2017, 09:10:52 AM
 #3




This looks like something you'd have to ask block.io's helpdesk.
Could you post your wallet's address, so i can have a look at the number of unspent outputs, and see if such a high fee would be needed?

I already asked them but they dont reply... and not only once.
I try this since one month

my wallet adress:
3P1J5Yjruk89BTRKgxSBn3xCMwTqzCj3f9
mocacinno
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May 26, 2017, 09:20:57 AM
 #4




This looks like something you'd have to ask block.io's helpdesk.
Could you post your wallet's address, so i can have a look at the number of unspent outputs, and see if such a high fee would be needed?

I already asked them but they dont reply... and not only once.
I try this since one month

my wallet adress:
3P1J5Yjruk89BTRKgxSBn3xCMwTqzCj3f9


https://blockchain.info/unspent?active=3P1J5Yjruk89BTRKgxSBn3xCMwTqzCj3f9&format=html

I was to lazy to count those unspent outputs, but i estimated there are over 120 of them.
If you want to create a transaction using those 120 outputs as input, and create one output, the estimated fee would be around 0.05BTC if you wanted a 95% chance of getting your transaction into the next 6 blocks.

So, i'm sorry to be the bringer of bad news, but block.io does have a point... The sum of the unspent outputs is smaller than the recommanded fee you should add when spending those outputs...

This is why i keep on warning people not to gather dust amounts... In the end, the fees to spend this dust might end up being larger than the total balance.

There's not much you can do at this moment, i'd personally recommend you to wait it out, and hope the (future) scaling sollution will lower the mempool backlog, and this might result in lower fees per byte... If the fees ever go down, you could retry to empty out your wallet...

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lordhsn (OP)
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May 26, 2017, 09:33:22 AM
 #5




https://blockchain.info/unspent?active=3P1J5Yjruk89BTRKgxSBn3xCMwTqzCj3f9&format=html

I was to lazy to count those unspent outputs, but i estimated there are over 120 of them.
If you want to create a transaction using those 120 outputs as input, and create one output, the estimated fee would be around 0.05BTC if you wanted a 95% chance of getting your transaction into the next 6 blocks.

So, i'm sorry to be the bringer of bad news, but block.io does have a point... The sum of the unspent outputs is smaller than the recommanded fee you should add when spending those outputs...

This is why i keep on warning people not to gather dust amounts... In the end, the fees to spend this dust might end up being larger than the total balance.

There's not much you can do at this moment, i'd personally recommend you to wait it out, and hope the (future) scaling sollution will lower the mempool backlog, and this might result in lower fees per byte... If the fees ever go down, you could retry to empty out your wallet...

I already thought about that ... so I learned something for the price of 0.04 BTC

Nevertheless many thanks
mocacinno
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May 26, 2017, 09:38:57 AM
 #6



I already thought about that ... so I learned something for the price of 0.04 BTC

Nevertheless many thanks

I'd still keep my 2 options open tough:
1) if the fee ever drops to a much lower rate (check https://bitcoinfees.21.co/ every couple of weeks), you'll probably be able to withdraw.
However, since at this moment, you'd need 0.05BTC fee when the optimal fee is @ 360 sat/byte, you'd have to wait untill it's @36sat/byte if you want to withdraw with a 0.005 BTC fee (which would be acceptable i guess).

2) if block.io support can help you generate a transaction with a much lower fee, eventough it would have little chance of getting confirmed, you could keep rebroadcasting this transaction untill it eventually gets picked up by a miner (or you could use viabtc's txaccelerator). In this case, blockr.io support does have to help you generate such a transaction!!!

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ncoin
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December 15, 2017, 05:58:21 AM
 #7

Hi
@mocacinno I'm guessing I'm in the same boat? here's my address
3EgZaENhfdGsyTZ3QsLvyumiCJjakKfTq4

@lordhsn ever find a way out of this?

I came across this, but I barely understand it, any thoughts?
bitcoin.stackexchange.com/questions/61053/how-to-claim-bitcoin-cash-from-block-io
mocacinno
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December 15, 2017, 06:42:37 AM
 #8

Hi
@mocacinno I'm guessing I'm in the same boat? here's my address
3EgZaENhfdGsyTZ3QsLvyumiCJjakKfTq4

@lordhsn ever find a way out of this?

I came across this, but I barely understand it, any thoughts?
bitcoin.stackexchange.com/questions/61053/how-to-claim-bitcoin-cash-from-block-io

It looks like there are no unspent outputs funding that address...
https://blockchain.info/address/3EgZaENhfdGsyTZ3QsLvyumiCJjakKfTq4
Final balance = 0

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NorbertKBarigye
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May 06, 2021, 01:39:25 PM
 #9

I HAVE 96,000 DOGE that seem to have left my block.io but i dont know where they went
mocacinno
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May 06, 2021, 01:46:24 PM
 #10

I HAVE 96,000 DOGE that seem to have left my block.io but i dont know where they went

It might be a good idear to start a new thread instead of bumping a 4 year old one with a question that's not related (nor equal to) the question initially asked in said thread. It's called necroposting, and by doing this, you'll probably get a much lower response rate.

This being said, you didn't provide nearly enough information to give any meaningfull answer... Are you still able to log in? Do you see transaction history? Did you try to contact their support dept? Address, transaction id's,.... Without any extra information, other people won't have a clue as to what might have happened either.

So, what i would propose you do is:
1) stop posting in this thread
2) contact block.io support
3) if they don't answer, create a NEW thread with sufficient background info
4) realise that we are not block.io support staff... We don't have access to your account, we are unable to fysically give you your funds back... We might give you some pointers and some tips tough (if we have a gut feeling of what might have gone wrong)

I, for one, have not looked at this service in 4 years... My input might not be that good... I didn't even know they still existed.... But maybe by following above steps, somebody who used their service recently could chip in.

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