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Author Topic: multibit classic transaction fees  (Read 1105 times)
freebitcoins4u
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June 10, 2017, 06:11:50 AM
 #1

hello,

the highest multibit classic transaction fees is 50,000 satoshi, is this enough? what will happen in the future? how can i pay more fees with multibit classic v 0.5.19?

should i upgrade to hd?

thanks!
Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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June 10, 2017, 10:12:05 AM
 #2

It appears that MultiBit Classic is no longer being actively developed or supported. Unless you fork the source code on GitHub and modify the code and compile it yourself, the most it will ever allow as a fee is 0.0005 BTC... which is not enough these days with 300 sats/byte fees being commonplace. Sad

I would also not recommend MultiBit HD... it has some issues too... (check all the threads)... and there doesn't seem to be any update coming Undecided

freebitcoins4u
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June 10, 2017, 02:29:39 PM
 #3

It appears that MultiBit Classic is no longer being actively developed or supported. Unless you fork the source code on GitHub and modify the code and compile it yourself, the most it will ever allow as a fee is 0.0005 BTC... which is not enough these days with 300 sats/byte fees being commonplace. Sad

I would also not recommend MultiBit HD... it has some issues too... (check all the threads)... and there doesn't seem to be any update coming Undecided

so let says i will install electrum wallet and want to send from multibit to electrum, the max fee i can pay is 50k satoshi, so what will happen to the transaction? will it go through or stuck?
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June 10, 2017, 03:08:33 PM
 #4

It appears that MultiBit Classic is no longer being actively developed or supported. Unless you fork the source code on GitHub and modify the code and compile it yourself, the most it will ever allow as a fee is 0.0005 BTC... which is not enough these days with 300 sats/byte fees being commonplace. Sad

I would also not recommend MultiBit HD... it has some issues too... (check all the threads)... and there doesn't seem to be any update coming Undecided

so let says i will install electrum wallet and want to send from multibit to electrum, the max fee i can pay is 50k satoshi, so what will happen to the transaction? will it go through or stuck?
A normal transaction would take more than 50k satoshi in fees in total if you want it to be confirmed within a reasonable period of time.

I would recommend you to just sweep the coins into your Electrum wallet. Create an Electrum wallet, backup the Electrum seeds first. Next, follow this guide to export the keys[1]. In your Electrum client, go to Wallet>Private keys>Sweep and paste your private keys into the field and click sweep. You should see a dialog, just press broadcast and wait for the transaction to confirm.

[1] https://multibit.org/help/v0.5/help_exportingPrivateKeys.html

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June 12, 2017, 06:48:25 AM
 #5

thanks,

i did everything but after i paste the private key and click ok. nothing happens. there is no dialog where i can click on broadcast...
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June 12, 2017, 06:50:21 AM
 #6

thanks,

i did everything but after i paste the private key and click ok. nothing happens. there is no dialog where i can click on broadcast...
Weird. Is there an address in the "address" box? If not, click on the address button.

Did you click on sweep?

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June 12, 2017, 07:14:37 AM
 #7

thanks,

i did everything but after i paste the private key and click ok. nothing happens. there is no dialog where i can click on broadcast...
Weird. Is there an address in the "address" box? If not, click on the address button.

Did you click on sweep?

yes there is an address, my electrum address, i tried to create new addresses as well by clicking the address button but still nothing.

and yes i also click sweep and got nothing.
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June 12, 2017, 08:09:11 AM
 #8

It sounds like whatever you are pasting in the "sweep" dialog is not a valid private key(s). When you exported your private key... did you use a password or did you leave the password blank?

Does your password file look like:
Quote
# KEEP YOUR PRIVATE KEYS SAFE !
# Anyone who can read this file can spend your bitcoin.
#
# Format:
#   <Base58 encoded private key>[<whitespace>[<key createdAt>]]
#
#   The Base58 encoded private keys are the same format as
#   produced by the Satoshi client/ sipa dumpprivkey utility.
#
#   Key createdAt is in UTC format as specified by ISO 8601
#   e.g: 2011-12-31T16:42:00Z . The century, 'T' and 'Z' are mandatory
#
Labc123abc123abc123abc123abc123abc123abc123abc123abc 2013-01-01T12:00:00Z
Kdef456def456def456def456def456def456def456def456def 2013-01-01T12:00:00Z
# End of private keys

or does it look like:
Quote
U2FsdGVkX1+YqTr9vabcfVlfKlCVTjR7kEg/xD4rEUB1tBBQm6chWSOSIUyJKK/9yjxFSHkge/xI
UCFq3MfFKqUbRnYcmOhNLBabcGRrbvsx3AawNvzp1sdHFXNvH3I+INMtYaoTjMEJVkQM8KnaUwZI
GE5PYKtMHncv+2pYA1/3Lg09hPA++jbvwL7L+NH6ZcljvYZxseu+3M45YNK1CJ/4xQJ+Yvo6OVqJ
nL7xIR0=

freebitcoins4u
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June 12, 2017, 03:00:35 PM
 #9

It sounds like whatever you are pasting in the "sweep" dialog is not a valid private key(s). When you exported your private key... did you use a password or did you leave the password blank?

Does your password file look like:
Quote
# KEEP YOUR PRIVATE KEYS SAFE !
# Anyone who can read this file can spend your bitcoin.
#
# Format:
#   <Base58 encoded private key>[<whitespace>[<key createdAt>]]
#
#   The Base58 encoded private keys are the same format as
#   produced by the Satoshi client/ sipa dumpprivkey utility.
#
#   Key createdAt is in UTC format as specified by ISO 8601
#   e.g: 2011-12-31T16:42:00Z . The century, 'T' and 'Z' are mandatory
#
Labc123abc123abc123abc123abc123abc123abc123abc123abc 2013-01-01T12:00:00Z
Kdef456def456def456def456def456def456def456def456def 2013-01-01T12:00:00Z
# End of private keys

or does it look like:
Quote
U2FsdGVkX1+YqTr9vabcfVlfKlCVTjR7kEg/xD4rEUB1tBBQm6chWSOSIUyJKK/9yjxFSHkge/xI
UCFq3MfFKqUbRnYcmOhNLBabcGRrbvsx3AawNvzp1sdHFXNvH3I+INMtYaoTjMEJVkQM8KnaUwZI
GE5PYKtMHncv+2pYA1/3Lg09hPA++jbvwL7L+NH6ZcljvYZxseu+3M45YNK1CJ/4xQJ+Yvo6OVqJ
nL7xIR0=


it looks like the first, i have only one private key, so from your example i paste to the sweep window, my key line that similar to this part:

Labc123abc123abc123abc123abc123abc123abc123abc123abc

is that correct?

ranochigo
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June 12, 2017, 03:17:20 PM
 #10

It sounds like whatever you are pasting in the "sweep" dialog is not a valid private key(s). When you exported your private key... did you use a password or did you leave the password blank?

Does your password file look like:
Quote
# KEEP YOUR PRIVATE KEYS SAFE !
# Anyone who can read this file can spend your bitcoin.
#
# Format:
#   <Base58 encoded private key>[<whitespace>[<key createdAt>]]
#
#   The Base58 encoded private keys are the same format as
#   produced by the Satoshi client/ sipa dumpprivkey utility.
#
#   Key createdAt is in UTC format as specified by ISO 8601
#   e.g: 2011-12-31T16:42:00Z . The century, 'T' and 'Z' are mandatory
#
Labc123abc123abc123abc123abc123abc123abc123abc123abc 2013-01-01T12:00:00Z
Kdef456def456def456def456def456def456def456def456def 2013-01-01T12:00:00Z
# End of private keys

or does it look like:
Quote
U2FsdGVkX1+YqTr9vabcfVlfKlCVTjR7kEg/xD4rEUB1tBBQm6chWSOSIUyJKK/9yjxFSHkge/xI
UCFq3MfFKqUbRnYcmOhNLBabcGRrbvsx3AawNvzp1sdHFXNvH3I+INMtYaoTjMEJVkQM8KnaUwZI
GE5PYKtMHncv+2pYA1/3Lg09hPA++jbvwL7L+NH6ZcljvYZxseu+3M45YNK1CJ/4xQJ+Yvo6OVqJ
nL7xIR0=


it looks like the first, i have only one private key, so from your example i paste to the sweep window, my key line that similar to this part:

Labc123abc123abc123abc123abc123abc123abc123abc123abc

is that correct?


That should be correct. I believe the problem doesn't lie with your private key. The sweep button cannot be pressed if the key entered isn't valid.

Could you post/ PM me your address?

freebitcoins4u
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June 12, 2017, 07:19:09 PM
 #11

i sent you PM.
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July 28, 2017, 10:55:18 AM
 #12

Depends what you're really wanting to achieve... but in general, sweeping is probably "safer" than importing.

While both methods require you to "expose" your private keys... sweeping moves all the coins to new (and hopefully unexposed) private keys. Importing leaves the coins on the old keys which have effectively been exposed.


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July 29, 2017, 03:32:27 AM
 #13

If you have MultiBit Classic then it is very easy to export your private keys... Just use "Tools -> Export Private Keys":


Don't encrypt it, otherwise you won't be able to open the output file in a text editor and copy/paste the keys Wink

But do be careful... If someone gets access to that file, they can take all your coins... So I'd suggest doing it while disconnected... Import to Electrum... Delete export file... And then reconnect.

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