Bitcoin Forum
August 19, 2019, 06:04:43 PM *
News: Latest Bitcoin Core release: 0.18.0 [Torrent] (New!)
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Paper wallet and sweep  (Read 104 times)
mle75
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 24, 2018, 08:53:34 AM
 #1

Hello,

Sorry for a newbie question but I cant find any info on this, anyway not that I understand.

I have a paperwallet with a small amount of bitcoins 0.0042650

I got the info that I can sweep it in the electrum wallet, well transfer it from my paper wallet to my Electrum wallet. But I get a long error information.

Shouldnt it be possible to transfer it to my Electrum wallet from my paper wallet?

Once again, im new at this and trying to learn about it.

/Mle
1566237883
Hero Member
*
Offline Offline

Posts: 1566237883

View Profile Personal Message (Offline)

Ignore
1566237883
Reply with quote  #2

1566237883
Report to moderator
1566237883
Hero Member
*
Offline Offline

Posts: 1566237883

View Profile Personal Message (Offline)

Ignore
1566237883
Reply with quote  #2

1566237883
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
LoyceV
Legendary
*
Offline Offline

Activity: 1582
Merit: 4407


Self-made Legendary outside Meta!


View Profile WWW
January 24, 2018, 09:48:28 AM
 #2

I get a long error information.
What error do you get?

Quote
Shouldnt it be possible to transfer it to my Electrum wallet from my paper wallet?
Yes, this should be possible.

mle75
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
January 24, 2018, 11:03:16 AM
 #3

Its a long one

error: {'code':-1, 'message': 'the transaction was rejected by the network rules.\n\n64: dust
then after this is a a lot of numbers and letters
HCP
Legendary
*
Offline Offline

Activity: 1064
Merit: 1761

<insert witty quote here>


View Profile
January 24, 2018, 12:35:55 PM
 #4

Sounds like (due to the high fees) what little BTC there is on your paper wallet is so small that after the fee is taken off... only a tiny "dust" amount is left over. Most nodes reject any transactions that attempt to create dust outputs as they're essentially less than worthless... as they cost more to send than they're worth.

was the amount you have 0.0042650 or 0.00042650? Any input less than about 0.00045000 or 0.00050000 BTC is pretty much dust these days... as a standard transaction with the recommended fees of 240 sats/byte will need at least 0.00046000 in fees! Shocked Shocked

nc50lc
Sr. Member
****
Offline Offline

Activity: 686
Merit: 484


Self-proclaimed Genius ㊙️


View Profile WWW
January 24, 2018, 01:17:22 PM
Last edit: January 24, 2018, 02:02:26 PM by nc50lc
Merited by AGD (1)
 #5

Better make a new Electrum Wallet file and select the option (4th): Import Bitcoin Addresses or Private Keys
Paste your paper wallet's private key in the box then proceed.

The only drawback here is that you will not get the seed phrase of that wallet.
Your backup options would be the wallet file itself or your private key.
But you can import more addresses (private keys) if you want.
Since you imported a private key, you can spend the funds from that imported address.

Advise for a newbie: Double-check the site where you got your Electrum wallet. There are fake/copied electrum sites in the web, be careful.

(っ◕‿◕)っ Newbies and Newbies at heart! Remember to Lock your Thread(s) after receiving enough replies/sufficient answers |
39EKeFj43inkH6Ctkosh9E7oskx3tvhSXi ∙ Do not buy non-mainstream ASICs at second-batch and onwards, you know the risk! | Like Art?: MetalPosters Set1 / Set2
Kakmakr
Legendary
*
Offline Offline

Activity: 1750
Merit: 1340

★ ChipMixer | Bitcoin mixing service ★


View Profile
January 26, 2018, 12:49:52 PM
 #6

Sounds like (due to the high fees) what little BTC there is on your paper wallet is so small that after the fee is taken off... only a tiny "dust" amount is left over. Most nodes reject any transactions that attempt to create dust outputs as they're essentially less than worthless... as they cost more to send than they're worth.

was the amount you have 0.0042650 or 0.00042650? Any input less than about 0.00045000 or 0.00050000 BTC is pretty much dust these days... as a standard transaction with the recommended fees of 240 sats/byte will need at least 0.00046000 in fees! Shocked Shocked

Well presuming his amount is correct, then that would amount to about $50 at todays price. <$10,500> so there should be more than enough to cover the miners fees. The fees on my Electrum wallet is usually very low in comparison to other wallets, so it should not be the case with this.

The fact that the error point to "dust" might mean that the miners fees are set at the maximum rate. I cannot remember if these fees are set dynamically or manually, but you might try to reduce the miners fee, to see if it would sweep the Private key.

Miners care about the fee per byte (or kilobyte). This is the total fee divided by the number of bytes in a transaction, such as 40 satoshis/byte or 0.0004 bitcoins/kilobyte. Use this https://bitcoinfees.info/

Remember, once the Private key is exposed to the Internet, we regard it as being compromised.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!