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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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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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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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pooya87
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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?
o_e_l_e_o
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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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