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Author Topic: help with electrum transfer  (Read 65 times)
ryon341
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June 18, 2018, 02:07:52 PM
 #1

I downloaded electrum 2 days ago.   I transferred money to the account from America's Cardroom.   The money has not appeared in my wallet. 

I have version 3.1.3.   

Obviously, I am brand new to bitcoin.   I'm trying to learn my way around.   I only transferred $ 100.00, but I don't want to lose it.

I read that miner's fee might be the issue.  It may be set too low for this transaction to gain any priority.  I can't find what the transaction fee should be, or how I can change the fee in electrum.    After I sent the transfer and didn't receive it, I changed the settings in electrum, Tools / Preferences.  I now have selected Edit Fees Manually and Use Replace-by-fee.   I don't think that is going to help me with the outstanding transaction.

The sender sent me verification that they have processed the transaction their end. 

Is there anything I can do to find out where the transaction is and get it transferred?


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June 18, 2018, 02:40:06 PM
 #2

The sender sent me verification that they have processed the transaction their end. 

Didn't they send the tx id? That should be a long string made of numbers and a to f letters. It's the transaction identifier and it's safe to share it in order to see what's wrong.
Another thing is: I think that the transaction should show in your electrum as "pending" with 0 confirmations. Is it the case? Then indeed the fee may be too small.

However, if you provide the transaction ID or the wallet address where you expect the coins to come in, the people should have some info to check and help you with directions.

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ryon341
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June 18, 2018, 05:24:46 PM
 #3

Thanks for the help.

The transaction ID is 93db09d9db2193a0f9fd9da0e8686a35
Receiving address is:  13sqwBUp2VQkm5ntf7dsrtfsBqMdE727wa

It shows pending in electrum.   
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June 18, 2018, 05:28:33 PM
 #4

The transaction ID is 93db09d9db2193a0f9fd9da0e8686a35
This is not an Bitcoin transaction id.

Receiving address is:  13sqwBUp2VQkm5ntf7dsrtfsBqMdE727wa

It shows pending in electrum.   
How so? The address above is empty and there is no incoming transaction.

Right-click the pending transaction in Electrum and select "View on block explorer", then copy the URL here.

ryon341
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June 18, 2018, 05:38:02 PM
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I right clicked the transaction and copied the URI.

bitcoin:19Ypcc7amBHqYosbm6VfbhGGWdXiq6fj5k?amount=0.1&time=1529251928

On don't see "View on block explorer"
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June 18, 2018, 05:39:29 PM
 #6

I right clicked the transaction and copied the URI.

bitcoin:19Ypcc7amBHqYosbm6VfbhGGWdXiq6fj5k?amount=0.1&time=1529251928

On don't see "View on block explorer"
This is a payment request invoice. It's not a transaction.

You probably went to the "Receive" tab, filled everything and copied this URL right? If that's the address you gave them when withdrawing your coins (19Ypcc7amBHqYosbm6VfbhGGWdXiq6fj5k), you should contact the website and see what happened, because you didn't receive anything yet.

ryon341
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June 18, 2018, 05:58:26 PM
 #7

You are correct, I went to the receive tab, filled it out and copied the receive address to the sender.   After a couple hours, they sent me the transaction ID and told me it has been sent.    When I talk to their customer support, they tell me it has been sent and is now out of their hands.   

Any suggestions?

I thought using bitcoin would make my life easier so I could access my funds a little faster.   This is not fun at all.
ryon341
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June 18, 2018, 09:16:28 PM
 #8

My transfer finally came through.   Just had to wait for it.

Can you tell me how to increase the payment on the transaction so I don't have several days to wait?
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June 18, 2018, 09:20:44 PM
 #9

My transfer finally came through.   Just had to wait for it.

Can you tell me how to increase the payment on the transaction so I don't have several days to wait?
This was not Bitcoin's fault. It was the website that said that your coins had been sent while they had not.

Usually, the transaction gets sent pretty quickly and confirmed in a few blocks (right now, usually in the next one since fees are cheap).

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June 19, 2018, 07:31:05 AM
 #10

Can you tell me how to increase the payment on the transaction so I don't have several days to wait?

You can only increase the transaction fee on transactions you sent out yourself. The only way you can possibly influence an incoming transaction is by using Bitcoin acceleration services like this.

That being said, it's only really rough until you get the hang of it. It doesn't seem like you were provided a proper Bitcoin Transaction ID in this case so your concern was justified. You should typically be able to see and track everything, including the fee the sender paid, etc. The best way to learn is by trying things out yourself, but you could always ask around here if you need any questions answered Smiley

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June 19, 2018, 07:59:39 AM
 #11

Remember to check the current fuel cost before sending it every time it is sent. The problem is that the fuel cost is not enough. The end result is that it will either be postponed or it will be returned to the initial address.
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June 19, 2018, 08:15:06 AM
 #12

Remember to check the current fuel cost before sending it every time it is sent. The problem is that the fuel cost is not enough. The end result is that it will either be postponed or it will be returned to the initial address.

You're mixing up bitcoin's and ethereums terminology. Eventough this isn't a big problem, it might make things very confusing for newbies. Ethereum is using the terminology 'gas', bitcoin uses the terminology 'fee'.

When you create a bitcoin transaction, you use one or more unspent outputs that fund an address controlled by your wallet. You use these unspent outputs as an input to create a transaction whose newly created output output funds the address provided by the person you're paying.
When you take the sum of the value of the outputs, and substract the sum of the value of the inputs, you get the fee.
When a miner decides to add your transaction to the block he's trying to solve, he can add the sum of all fees of all transactions in his block to the coinbase reward. So, the bigger your fee in relation with the size of your transaction (in bytes, not in value), the more incentive a miner has to add your transaction to the block he's trying to solve.

Soooo... If the person who created the transaction used a fee that is lower than the recommanded fee, there is a big chance you'll have to wait for a long time before your transaction finally ends up in a winning block. While your transaction isn't included in the blockchain, it usually resides in the mempool of the nodes. Most nodes have a setting to prune unconfirmed transactions after a couple of days.

If you transaction is stuck in the mempool, you (the receiver) have several options:
  • creating a CPFP
  • waiting while periodically rebroadcasting the signed transaction
  • paying a miner to include your transaction in the block he's working on (sometimes there are miners who do this for free to)
  • asking the sender to create a RBF transaction
  • asking the sender to double spend the unspend outputs used in the stuck transaction to create a new transaction with a higher fee

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