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Author Topic: Electrum fee under 1 sat/byte  (Read 479 times)
CoinSkipper (OP)
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May 19, 2019, 10:13:28 AM
 #1

Hello Everyone Grin
I would like to send transaction under 1 sat/byte from Electrum.
When I change fee manually there is message:

Code:
This transaction requires a higher fee, or it will not be propagated by your current server
Try to raise your transaction fee, or use a server with a lower relay fee.

Is there anyway to send this transaction? Do you know any Electrum servers that allow to send transactions with fee under 1 sat/byte?
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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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May 19, 2019, 10:40:28 AM
 #2

Don't be too stingy 🙂
Just let the miners have some dust.
I usually use 2 to 10 sat/B.

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May 19, 2019, 01:14:42 PM
 #3

The current minimum fee for a transaction to get accepted is over 20 Sat/Byte according to https://www.coinb.in/#fees.
The chances of a 1 sat/byte transaction to get accepted anytime soon are slim considering that Bitcoin has started another rally as it seems so you should reconsider doing that if you need your transaction to get confirmed anytime soon.

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May 19, 2019, 02:34:42 PM
Merited by ABCbits (1), o_e_l_e_o (1)
 #4

Bitcoin core's default policy for minimum relay fee is 1000 sats per kb (1sat/byte - 1000 bytes per kb here). This is the default but can be customized by every full node operator. Most don't change it though so that's why you won't find many servers willing to accept a lower fee transaction. If you need to make such transactions on a regular basis you should make some arrangement with a miner. Such a low fee transaction can be mined and once mined it will be accepted by the whole network. Of course an arrangement with a miner will cost you more than 1sat/byte unless you are a very heavy user.
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May 19, 2019, 02:38:12 PM
 #5

The relay fee is the minimum fee required for your chosen server or node to propagate that transaction to other servers or nodes. If your transaction is below this fee, it will not be broadcast. See: https://bitcoin.org/en/glossary/minimum-relay-fee

You can try using a different server by following my instructions below, but you will find most servers will reject a transaction below 1 sat/byte. You will most likely need to increase the fee to above 1 sat/byte.

First of all, make sure you have the latest version of Electrum from the official site, and you have verified it prior to installing. In Electrum, go to Tools -> Network. Uncheck "Select server automatically". Right click on another server on the list and select "Use as server". Wait for your client to sync with the new server, and then try to broadcast your transaction again.
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May 20, 2019, 03:12:59 AM
 #6

Here's a workaround to that (aside from selecting a server with default node setting for minimum fee):
  • Create the transaction with 1sat/byte fee and click 'preview'.
  • On the preview window, click 'sign' and type your passphrase.
  • Now, instead of clicking 'broadcast', hit 'copy' to copy the RAW transaction HEX to the clipboard.
  • Browse in to any Bitcoin blockexplorer/tool that supports 'broadcast', paste the copied TX and broadcast it from there.

Notes:
∙ You don't need to hit save after broadcasting it online since it will be included in the history tab after a while as long as your client is online/synced.
∙ If your selected server didn't relay your tx (from the online blockexplorer's node) it may mot reflect your history tab 'til it got confirmed.
∙ Most online blockexplorer's node accepts 1sat/byte transaction.

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pooya87
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May 20, 2019, 03:38:33 AM
Merited by ABCbits (1)
 #7

  • Create the transaction with 1sat/byte fee and click 'preview'.
  • Browse in to any Bitcoin blockexplorer/tool that supports 'broadcast', paste the copied TX and broadcast it from there.

he is trying to send a transaction with a fee lower than 1 sat/byte, otherwise setting it to 1 and broadcasting it is easily with Electrum.
also the problem is not with broadcasting, it is with who you are sending it to. and the "who" is bitcoin nodes that 99.9% of them are enforcing the same fee rules to reject anything below 1 sat/byte.

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nc50lc
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May 20, 2019, 04:02:27 AM
 #8

-snip-
he is trying to send a transaction with a fee lower than 1 sat/byte, -snip-
Oh, I missed that "under" word, I thought that the server he was connected to doesn't support 1sat/byte fee txs (lol). You don't need to correct me about bradcasting, it's because of that "missed word" Smiley
With that, he wont be able to open preview window (even offline), tried it on v3.3.3.

The only way to make the transaction is by using other tools like coinb.in by exporting the required private key(s) for signing and broadcast it to his own node or other's node/services that supports lower/0 fee.
It wont be relayed by almost all nodes though, maybe the question is theoretical.

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o_e_l_e_o
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May 20, 2019, 02:37:09 PM
 #9

The only way to make the transaction is by using other tools like coinb.in by exporting the required private key(s) for signing and broadcast it to his own node or other's node/services that supports lower/0 fee.
Even if he finds a node which would broadcast it, the vast majority of other nodes won't relay it. If it isn't relayed between nodes, it will never been seen by miners. And if miners don't see it, they can't mine it. And even if they do see it, they won't bother mining something with zero fees.

The only way to get it confirmed at zero fees would be to mine it himself, or to externally pay another miner to mine it for him.
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May 20, 2019, 04:29:45 PM
 #10

Bitcoin core's default policy for minimum relay fee is 1000 sats per kb (1sat/byte - 1000 bytes per kb here). This is the default but can be customized by every full node operator. Most don't change it though so that's why you won't find many servers willing to accept a lower fee transaction. If you need to make such transactions on a regular basis you should make some arrangement with a miner. Such a low fee transaction can be mined and once mined it will be accepted by the whole network. Of course an arrangement with a miner will cost you more than 1sat/byte unless you are a very heavy user.

Did they stop the new rollout that came with the version 0.18 where they said they were going to reduce it to 0.25 sat per byte? Am I dreaming or was this not a thing a while back (speculation if nothing else).
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May 20, 2019, 09:45:49 PM
 #11

Did they stop the new rollout that came with the version 0.18 where they said they were going to reduce it to 0.25 sat per byte? Am I dreaming or was this not a thing a while back (speculation if nothing else).


I don't see anything about that here: https://bitcoincore.org/en/releases/0.18.0/
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May 21, 2019, 03:46:02 AM
 #12

Even if he finds a node which would broadcast it, the vast majority of other nodes won't relay it. If it isn't relayed between nodes, it will never been seen by miners. And if miners don't see it, they can't mine it. And even if they do see it, they won't bother mining something with zero fees.
That's what the underlined last sentence said  Undecided (What are you)

Did they stop the new rollout that came with the version 0.18 where they said they were going to reduce it to 0.25 sat per byte? Am I dreaming or was this not a thing a while back (speculation if nothing else).
I don't see anything about that here: https://bitcoincore.org/en/releases/0.18.0/
The only related Pull request regarding lowering the default relay fee to 200sat/KvB that I searched from Github is this: Pull Request #13922
But is was a year old, closed and never got merged.

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May 21, 2019, 04:09:00 AM
 #13

The only way to make the transaction is by using other tools like coinb.in by exporting the required private key(s) for signing ~

you don't need to import the private key anywhere though. you just have to build the transaction elsewhere and then import the hex (raw unsigned transaction) into your Electrum and sign it that way (it is safer). or if you are familiar with a transaction structure you can simply build one with Electrum, click preview, copy the hex and manually edit the amount to have a lower (or 0 fee) and then import it in Electrum and sign that. that way everything is done inside your wallet without needing another tool.

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May 21, 2019, 06:56:46 AM
Merited by ABCbits (2), bones261 (2)
 #14

-snip-
Test Transaction:

Don't know if it's intended or a bug but, even Offline Electrum wont allow you to open "preview" if the tx fee was set lower than 1sat/byte.
It's offline and haven't connected to a server Huh yet the message said:

"This transaction requires a higher fee, or it will not be propagated by your current server
Try to raise your transaction fee, or use a server with a lower relay fee.
"


like the one in the OP.
If Electrum will allow you to directly click "send" after importing the Raw TX to sign it without clicking preview and the selected server allowed it, those methods might work.
Console command can be used as a workaround for signing the TX but requires intermediate to advance knowledge.

Anyways, let's wrap it up:
@CoinSkipper Currently, it's hard to pull this out and probably will cost you more if you want to push it "for the sake of testing".
Just wait for the Bitcoin developers to implement a change in default relay minimum fee before attempting to send a <1sat/byte transaction.

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jackg
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May 21, 2019, 04:44:59 PM
 #15

Messages no longer come from the server since the phishing attack. It might still be possible to send a no fee transaction but it won't get confirmed...
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May 21, 2019, 06:24:38 PM
 #16

Messages no longer come from the server since the phishing attack. It might still be possible to send a no fee transaction but it won't get confirmed...
They do. They just don’t allow ANY message to show up.

If they return an known pre-specified message, it will show up (with its hardcoded phrase on Electrum). If they return an unknown (custom message), it will show “Unknown error” by Electrum.

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May 22, 2019, 04:33:01 AM
Merited by ABCbits (4), dbshck (4), HCP (2), nc50lc (1), o_e_l_e_o (1), Husna QA (1), vv181 (1)
 #17

~

you should click preview before setting fee to lower than 1 s/b. here are the steps:


3374120 = 0x287c330000000000
3375000 = 0x987f330000000000
45505446ff0002000000000101f986276600cd73853eb4bb0f19cf268c1f76a5c4c08d17bac0351 ff3c
647b9882a00000000fdffffff01287c330000000000160014f913638202550e3dc872f3b22443a5027c
d7ed99feffffffff987f33000000000000000201ff53ff04b2474601eaf2ae8580000000cf38e49 fe705077
6ee853c96ba4586eef5174e5af04f5875bfeaca63a518c11003e0b4cdc469de81434fed3e70fbee 77b3
48322a33fcb1c4e3cc638bd07680a00a0000000095ce0800

change to:
45505446ff0002000000000101f986276600cd73853eb4bb0f19cf268c1f76a5c4c08d17bac0351 ff3c
647b9882a00000000fdffffff01987f330000000000160014f913638202550e3dc872f3b22443a5027c
d7ed99feffffffff987f33000000000000000201ff53ff04b2474601eaf2ae8580000000cf38e49 fe705077
6ee853c96ba4586eef5174e5af04f5875bfeaca63a518c11003e0b4cdc469de81434fed3e70fbee 77b3
48322a33fcb1c4e3cc638bd07680a00a0000000095ce0800



it can successfully sign the transaction with no problems. then you will have to find a way to broadcast this which is the problematic part.

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July 21, 2022, 12:20:03 PM
 #18

Hello Everyone Grin
I would like to send transaction under 1 sat/byte from Electrum.
When I change fee manually there is message:

Code:
This transaction requires a higher fee, or it will not be propagated by your current server
Try to raise your transaction fee, or use a server with a lower relay fee.

Is there anyway to send this transaction? Do you know any Electrum servers that allow to send transactions with fee under 1 sat/byte?




The price went up significantly for fees. Is there anyway it can work. Also I get a TX decoded failed?
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July 21, 2022, 12:25:02 PM
 #19

The price went up significantly for fees.
It didn't. The mempool was empty 24 minutes ago, meaning everything with the minimum fee of 1 sat/vbyte was confirmed. The current next block fee rate is only higher than this because we haven't found a block in 24 minutes. Just make your transaction with 1 sat/vbyte and it will likely confirm within the next hour. If you are unlucky and it doesn't, then it will confirm overnight when the mempool empties out again.

Also I get a TX decoded failed?
What are you trying to do with your transaction?
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July 21, 2022, 12:28:00 PM
 #20

The price went up significantly for fees.
It didn't. The mempool was empty 24 minutes ago, meaning everything with the minimum fee of 1 sat/vbyte was confirmed. The current next block fee rate is only higher than this because we haven't found a block in 24 minutes. Just make your transaction with 1 sat/vbyte and it will likely confirm within the next hour. If you are unlucky and it doesn't, then it will confirm overnight when the mempool empties out again.

Also I get a TX decoded failed?
What are you trying to do with your transaction?


I’m am trying to send Bitcoin through my electrum wallet to my electrum tails wallet and yes they are different wallets not on the same seed.
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July 21, 2022, 01:00:23 PM
 #21

I’m am trying to send Bitcoin through my electrum wallet to my electrum tails wallet and yes they are different wallets not on the same seed.
"TX decode failed" is a Bitcoin Core error message, not an Electrum one. Are you trying to sign a transaction on Electum and broadcast it on Core? Or are you trying to export a partially signed transactions? What version of Electrum are you using? Are you getting some other error message from Electrum?
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July 21, 2022, 01:05:43 PM
 #22

I’m am trying to send Bitcoin through my electrum wallet to my electrum tails wallet and yes they are different wallets not on the same seed.
"TX decode failed" is a Bitcoin Core error message, not an Electrum one. Are you trying to sign a transaction on Electum and broadcast it on Core? Or are you trying to export a partially signed transactions? What version of Electrum are you using? Are you getting some other error message from Electrum?


I’m new to using electrum. I installed the latest version they had and I’m using windows 10. I don’t know what you mean by Core or partially signed. I just followed the YouTube tutorials and other tutorials on how to set it up and it’s not working. No I am not getting any error message from electrum only this. I appreciate the help.
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July 21, 2022, 01:10:41 PM
 #23

So you go to Send and paste in your address from your Electrum Tails wallet?
You then enter the amount of coin you want to send and hit pay?
You then get a window asking you to set a fee?
You then hit send and get a new window asking you to sign and broadcast the transaction?

Talk us through the steps you are taking and where exactly you get the error message. Also please copy and paste the error message exactly in here.
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July 21, 2022, 01:46:13 PM
 #24

He made a thread with a screenshot on reddit:

https://www.reddit.com/r/Electrum/comments/w4f7s3/tx_decided_failed/

Electrum servers use bitcoin core to interact with the blockchain so that's why the message is from core.

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July 21, 2022, 09:48:59 PM
Last edit: July 22, 2022, 02:34:20 PM by mprep
 #25

He made a thread with a screenshot on reddit:

https://www.reddit.com/r/Electrum/comments/w4f7s3/tx_decided_failed/

Electrum servers use bitcoin core to interact with the blockchain so that's why the message is from core.



So how do I fix it?



So you go to Send and paste in your address from your Electrum Tails wallet?
You then enter the amount of coin you want to send and hit pay?
You then get a window asking you to set a fee?
You then hit send and get a new window asking you to sign and broadcast the transaction?

Talk us through the steps you are taking and where exactly you get the error message. Also please copy and paste the error message exactly in here.

I can’t send pictures on here but yeah I made a Reddit thread on it. Also maybe the electrum tails address is wrong but I took a picture of it on my phone then sent it it through my email and then downloaded the image to my desktop windows computer and uploaded that image to the send address and I did everything as the following steps as how much I want to send then put the fee but it said it was below the relay some reason then I hit finalize then I signed it and tried to broadcast it and I get the same tx error. I switched servers and tried many things but it not working. I hope I didn’t loose my money it was only about 100 dollars worth of Bitcoin. Still wouldn’t want to loose it.

[moderator's note: consecutive posts merged]
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July 21, 2022, 11:40:17 PM
 #26


So how do I fix it?

I think you can only fix it if you have your own full node or ElectrumX server where you can able to edit the minimum relay fee because most of the nodes or servers listed on Electrum only have a relay fee of 1 sat/vbyte lower than that I think no server offers lower than the current minimum fee but you can try to find server under "green circle" change your server and try to send.
Or your last hope is to have an ElectrumX server where you can able to edit the minimum relay fee.

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July 22, 2022, 06:27:22 AM
 #27

He made a thread with a screenshot on reddit:
So how do I fix it?
The "TX decode failed" error message below means that the RAW Transaction's structure is incorrect.
The rest of the message is the standard message Electrum shows when failing to broadcast a transaction.

Without the actual RAW transaction or the procedures you've followed, no one can tell what went wrong.
That very long output can't be an address though.

But it seems like you've solved it already?
Based from your reply in Reddit (6 hours ago), you already did.

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July 23, 2022, 08:29:35 AM
Merited by pooya87 (2), Pmalek (2)
 #28

Based on this comment (https://www.reddit.com/r/Electrum/comments/w4f7s3/tx_decided_failed/ih9vq97/) and the screenshot on that Reddit thread, it looks like OP exported his address as a QR code, saved that QR code as a picture, and then tried to import that actual .jpeg file in to Electrum, which is obviously not how QR codes work. The resulting long string of hex data was obviously not a valid bitcoin address but I think Electrum probably interpreted it as a script, which allowed him to proceed but returned the error when he tried to send coins to it. Once he changed whatever he copied to an address belonging to an exchange, it worked fine.

Which also means, of course, that he wasn't double checking whatever he pasted against the source he copied from (or else he would have realized he didn't copy the address correctly), which means he is a prime target to lose his coins to clipboard malware.
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July 23, 2022, 08:48:09 AM
 #29

Based on this comment (https://www.reddit.com/r/Electrum/comments/w4f7s3/tx_decided_failed/ih9vq97/) and the screenshot on that Reddit thread, it looks like OP exported his address as a QR code, saved that QR code as a picture, and then tried to import that actual .jpeg file in to Electrum, which is obviously not how QR codes work. The resulting long string of hex data was obviously not a valid bitcoin address but I think Electrum probably interpreted it as a script, which allowed him to proceed but returned the error when he tried to send coins to it. Once he changed whatever he copied to an address belonging to an exchange, it worked fine.

To be fair though, I don't think you can import a QR code that is located inside a computer file on Electrum (CMIIW). It requires a webcam and a second device or a piece of paper.

In the Import screen, there should probably be another option "From QR code" that opens a QR code address, or at least disallow importing from a file whose magic bytes matches that of an image.

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July 23, 2022, 10:03:38 AM
 #30

To be fair though, I don't think you can import a QR code that is located inside a computer file on Electrum (CMIIW).
Correct. But there should be no need to, really. If you can generate a QR code for an address to import in to Electrum, then you can also just copy the address normally in the first place.

It requires a webcam and a second device or a piece of paper.
Not necessarily. A webcam on its own would suffice, provided it is not built in and so you could there point it at the screen on the same device. Or there are plenty of websites to which you can upload a QR code as an image file and they will decode the QR code for you - whether this is an unacceptable security or privacy risk to you depends on what you are transferring via QR code. (Of course with the caveats of blindly trusting a third party QR decoder and that you should still double check whatever is decoded against the source.)
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