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Author Topic: Bitcoin Transaction Lost using old Multibit wallet  (Read 642 times)
maazcontractor
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June 04, 2017, 04:38:50 PM
 #1

Hello Bitcoin Experts:

I had purchased 2.5 Bitcoins back on 2014 from Coinbase and transferred over to a Multibit wallet.

Since then, had kind of forgotten about it.
A couple days back, I decided to open that old wallet and migrate over to coinbase vault.
Now, I completely forgot about the transaction fees, and kept a very small transaction fee and pushed in the transfer.
For more than a day, that transaction would not even show up on the blockchain:
This one still shows no such transaction

https://blockexplorer.com/tx/8988e42e436a64abc764fca50cb4c829aab1c96373c7a84d8cdfbfe4dc932511

I decided to "Reset blockchain and transactions" in the Multibit app.
After syncing through, multibit shows that my wallet has 0 balance of bitcoins.
However, I do see balance on blockchain.info.
https://blockchain.info/address/13fUePpTDNGLXHMgAapCXSx1ffntb1Juvm?sort=0

Any ideas/tips on getting this balance back in my wallet ?

Thanks,
Maaz
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June 04, 2017, 05:19:37 PM
 #2

You sent the transaction with a fee that is too small. I don't think you need to worry though, it just means you have 0 confirmations at the moment. This is quite common at the moment when people send low fees.
Usually after 3-4 days if there is no confirmation the transaction will be dropped from the mempool & your bitcoin's will go back into the original address/wallet.


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June 04, 2017, 06:37:14 PM
 #3

Hello Bitcoin Experts:

I had purchased 2.5 Bitcoins back on 2014 from Coinbase and transferred over to a Multibit wallet.

Since then, had kind of forgotten about it.
A couple days back, I decided to open that old wallet and migrate over to coinbase vault.
Now, I completely forgot about the transaction fees, and kept a very small transaction fee and pushed in the transfer.
For more than a day, that transaction would not even show up on the blockchain:
This one still shows no such transaction

https://blockexplorer.com/tx/8988e42e436a64abc764fca50cb4c829aab1c96373c7a84d8cdfbfe4dc932511

I decided to "Reset blockchain and transactions" in the Multibit app.
After syncing through, multibit shows that my wallet has 0 balance of bitcoins.
However, I do see balance on blockchain.info.
https://blockchain.info/address/13fUePpTDNGLXHMgAapCXSx1ffntb1Juvm?sort=0

Any ideas/tips on getting this balance back in my wallet ?

Thanks,
Maaz

Your transaction doesn't show up in blockchain.info, but this one made yesterday does.

https://blockchain.info/tx/aedf7e608688cb613dad46cd8d1860a2b16da35c2bbbba4425119628694b12c7

If you are running multibit classic on windows and want to switch to making higher fee transactons from electrum there are instructions explaining how to here.

https://bitcointalk.org/index.php?topic=1922317.msg19181835#msg19181835

Multibit classic doesn't allow you to pay high enough fees to cope with today's overloaded network. Also very old versions of classic sometimes create transactions that the network rejects because the network's rules changed a few years ago.

It's best to switch to another wallet software like electrum.
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June 08, 2017, 12:34:55 PM
 #4

You could use Multibit 0.5.19 instead, where you can modify the fee (although it's still very low) to transfer your funds out to another wallet.
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