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Author Topic: I meet a problem. send BTC to Huobi  (Read 95 times)
gbnlooker (OP)
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January 16, 2021, 05:31:34 AM
 #1

Hi guys

  last days , I send btc from Electrum wallet to Huobi.  first time, I wait two days ,the transactioin did not confirmed, So  RBF increase fees , wait two days, now the BTC is not confirmed yet.

I have sent BTC to the address before ,it's ok.

what 's wrong with the transaction?


the TxID is  d6103699c9066e34f5ccc88bdecf20d9567aea16a51804456a05b5d2120b92a1



need help!
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January 16, 2021, 05:40:38 AM
 #2

what 's wrong with the transaction?

the TxID is  d6103699c9066e34f5ccc88bdecf20d9567aea16a51804456a05b5d2120b92a1
Your transaction is HUGE!!?! 14447 bytes... 98 legacy inputs... Shocked Shocked Shocked

fee rate is only 10 sats/byte. Given that the network is very busy, free rates have been over 100 sats/byte. Check here: https://jochen-hoenicke.de/queue/#0,24h

Your transaction may not get confirmed for quite a while

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TheUltraElite
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January 16, 2021, 05:43:28 AM
 #3

Transaction is still unconfirmed, probably due to the miner fees being low even after doing RBF. There is really nothing you can do on your part, eventually the transaction will get picked up by some miner and it will go through, till that you have to wait.

No need to panic about it, because your money is not going anywhere.

Keep a track on this page - https://live.blockcypher.com/btc/tx/d6103699c9066e34f5ccc88bdecf20d9567aea16a51804456a05b5d2120b92a1/

Also for bitcoin fees estimation check online for the current average fee amount for a decent speed of transaction first before sending.

R


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gbnlooker (OP)
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January 16, 2021, 05:54:16 AM
 #4

Is it the total Fee or the x/Byte Fee?

the Total Fee is not low, I think


by the way  how to reduce weight?
gbnlooker (OP)
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January 16, 2021, 06:04:54 AM
 #5

what 's wrong with the transaction?

the TxID is  d6103699c9066e34f5ccc88bdecf20d9567aea16a51804456a05b5d2120b92a1
Your transaction is HUGE!!?! 14447 bytes... 98 legacy inputs... Shocked Shocked Shocked

fee rate is only 10 sats/byte. Given that the network is very busy, free rates have been over 100 sats/byte. Check here: https://jochen-hoenicke.de/queue/#0,24h

Your transaction may not get confirmed for quite a while


what's the right fee rate ?
HCP
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January 16, 2021, 07:15:31 AM
Merited by OmegaStarScream (2), ABCbits (1)
 #6

Is it the total Fee or the x/Byte Fee?
Miners generally prioritise transactions based on x/byte fee... not the total fee. It's because the size in a block is limited, so if you have a transaction with a large data size (like yours) that only pays a relatively "low" x/Byte fee... it takes up a lot of space in the block without much reward.

Your 14447 byte transaction might pay 0.00145480 BTC in total fee... but it is taking up ~1% of a blocks total size. A "standard" transaction of 1 input/2 outputs is closer to ~220 bytes... so you're taking up the space of ~65 "standard" transactions!

Quote
the Total Fee is not low, I think
No, it's not a low total amount... but because of the large data size, it's a low x/byte amount Undecided


Quote
by the way  how to reduce weight?
Regularly consolidate your UTXOs during times when the mempool is empty and fees are low. It'll mean you only need to use 1 or 2 UTXOs instead of 98!!?! Tongue The UTXOs you have aren't really small, the vast majority are 0.01 BTC or higher...but you're trying to send so many of them at once, when fee rates are high.

Read this: https://bitcointalk.org/index.php?topic=2848987.0

Then keep an eye on the network, when you see the mempool is empty and fees are around 1 or 2 sats/byte... send all your UTXOs to yourself in a single transaction... it'll consolidate them all together in one single UTXO and you'll pay a "minimal" fee.

If you had 1 input for your current transaction, it would be around ~200 bytes... even at 100 sats/byte fee... you'd still only be paying around ~0.00020000 sats... and if you'd consolidated it all at 1 sat/byte... you'd only have paid around 15000 sats... so in total maybe 0.00035000 sats... less than 1/4 of your current total fee! and your transaction would have confirmed days ago! Shocked Shocked Shocked

what's the right fee rate ?
That depends on what is happening with the network, and how fast you need it confirmed.

If you need fast confirmation... check the bottom chart here: https://jochen-hoenicke.de/queue/#0,24h
and check the stats here: https://mempool.space/

See what fee rate is currently at the "1meg from tip" rate. Then go near or above that.


If you don't care and can wait a while, then it doesn't really matter, set it to 1 sat/bye with RBF enabled and wait... if you can't wait more, you can always bump the fee Tongue


if the transaction is not got confirmed a long time, how long will the bitcoin back to my wallet ?
Generally it'll take around 14 days for your transaction to drop out of the mempool of most nodes that are running at "default" settings. Some might be sooner, some might be later. And it also depends if your what rebroadcasts transactions or not... or if someone else rebroadcasts it, then it might never drop out of the mempool until it is confirmed.


I checked the Current best transaction fees from btc.com  ,just now is  13sat
As I type this... it looks like you're getting closer, as it is the start of the weekend and transactions are slowing down... the good fee is down around the 12-15 sats/byte area. You might get lucky and get in a block some time in the next 6-12 hours if it keeps trending down... noting that there around 10 blocks worth of transactions at the 10 sats/byte level.


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gbnlooker (OP)
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January 16, 2021, 08:09:26 AM
 #7

Is it the total Fee or the x/Byte Fee?
Miners generally prioritise transactions based on x/byte fee... not the total fee. It's because the size in a block is limited, so if you have a transaction with a large data size (like yours) that only pays a relatively "low" x/Byte fee... it takes up a lot of space in the block without much reward.

Your 14447 byte transaction might pay 0.00145480 BTC in total fee... but it is taking up ~1% of a blocks total size. A "standard" transaction of 1 input/2 outputs is closer to ~220 bytes... so you're taking up the space of ~65 "standard" transactions!

Quote
the Total Fee is not low, I think
No, it's not a low total amount... but because of the large data size, it's a low x/byte amount Undecided


Quote
by the way  how to reduce weight?
Regularly consolidate your UTXOs during times when the mempool is empty and fees are low. It'll mean you only need to use 1 or 2 UTXOs instead of 98!!?! Tongue The UTXOs you have aren't really small, the vast majority are 0.01 BTC or higher...but you're trying to send so many of them at once, when fee rates are high.

Read this: https://bitcointalk.org/index.php?topic=2848987.0

Then keep an eye on the network, when you see the mempool is empty and fees are around 1 or 2 sats/byte... send all your UTXOs to yourself in a single transaction... it'll consolidate them all together in one single UTXO and you'll pay a "minimal" fee.

If you had 1 input for your current transaction, it would be around ~200 bytes... even at 100 sats/byte fee... you'd still only be paying around ~0.00020000 sats... and if you'd consolidated it all at 1 sat/byte... you'd only have paid around 15000 sats... so in total maybe 0.00035000 sats... less than 1/4 of your current total fee! and your transaction would have confirmed days ago! Shocked Shocked Shocked

what's the right fee rate ?
That depends on what is happening with the network, and how fast you need it confirmed.

If you need fast confirmation... check the bottom chart here: https://jochen-hoenicke.de/queue/#0,24h
and check the stats here: https://mempool.space/

See what fee rate is currently at the "1meg from tip" rate. Then go near or above that.


If you don't care and can wait a while, then it doesn't really matter, set it to 1 sat/bye with RBF enabled and wait... if you can't wait more, you can always bump the fee Tongue


if the transaction is not got confirmed a long time, how long will the bitcoin back to my wallet ?
Generally it'll take around 14 days for your transaction to drop out of the mempool of most nodes that are running at "default" settings. Some might be sooner, some might be later. And it also depends if your what rebroadcasts transactions or not... or if someone else rebroadcasts it, then it might never drop out of the mempool until it is confirmed.


I checked the Current best transaction fees from btc.com  ,just now is  13sat
As I type this... it looks like you're getting closer, as it is the start of the weekend and transactions are slowing down... the good fee is down around the 12-15 sats/byte area. You might get lucky and get in a block some time in the next 6-12 hours if it keeps trending down... noting that there around 10 blocks worth of transactions at the 10 sats/byte level.




Thanks your answer.

I can Cancel this transaction from Electrum wallet? my Electrum ver is 4.0.9, nofound menu CPFP item.
If it can cancel how to do and how much fee will cost?
ranochigo
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January 16, 2021, 08:34:28 AM
 #8

Thanks your answer.

I can Cancel this transaction from Electrum wallet? my Electrum ver is 4.0.9, nofound menu CPFP item.
If it can cancel how to do and how much fee will cost?
Your transaction has replace by fee flag.

In Electrum, select and right click your transaction then there should be an option called Cancel (Double Spend) and it should show you your new fee rate. The new fees must be higher than the current fee by at least 1 satoshi/byte though to guarantee a faster confirmation will incur a larger fees/vbyte. You should be given an option with the floating fees slider.

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gbnlooker (OP)
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January 16, 2021, 08:42:21 AM
 #9


all guys very kindly.

I have set 1sat to RBF , and then wait .

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January 16, 2021, 08:42:43 AM
 #10

I can Cancel this transaction from Electrum wallet? my Electrum ver is 4.0.9, nofound menu CPFP item.
If it can cancel how to do and how much fee will cost?
If, when you did the RBF/"bump fee", you selected "Finalise", then you will not be able to select the "Cancel Transaction" menu option... "Cancel Transaction" is just an RBF that redirects the transaction back to your own wallet. So, it's not really "cancelling" anything, you're just creating a new version of the transaction that spends everything back to your wallet... and because it is RBF, it means it will use a higher fee! Tongue

If your transaction is eligible to be cancelled, you can simply "right click" on the unconfirmed TX in your "history" and select "Cancel TX"


CPFP (Child Pays For Parent) is not relevant to this situation. That is something the "receiver" can do to try and speed up confirmation of the parent transaction.

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January 17, 2021, 08:37:55 AM
 #11

I have set 1sat to RBF , and then wait .
This wasn't probable, because if you set the rbf fee-slider to 1sat/B, the transaction will return with an error due to the fee requirements described by the above post.
The slider will set the new fee rate and not the additional.

But I see that your transaction was replaced by this one that was confirmed yesterday: b34b4bb8493e0a4a8e71859c01cdbb90fb731df5a3a015f4bcc02cd22256e68a

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HCP
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<insert witty quote here>


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January 17, 2021, 09:59:12 PM
Last edit: November 15, 2023, 12:20:33 AM by HCP
 #12

I think it was a mistype... and they meant 11sat Wink


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BC.GAME
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..CASINO....SPORTS....RACING..
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