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Author Topic: Low fee causing unconfirmed transaction  (Read 415 times)
leopheard (OP)
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February 17, 2021, 08:47:39 PM
 #1

Hi all,

So I found an old Android wallet and sent the remaining funds to my new wallet. The wallet I used to send the funds was this old Android one:
https://play.google.com/store/apps/details?id=de.schildbach.wallet. Obviously there's no RBF feature.

I stupidly put the fee WAY too low, here is the stuck transaction:
https://www.blockchain.com/btc/tx/5efd80ebe5edfe7cb21974b27a33b735151f30706271c1ce467348acd3a8350b.

What can I do to bump this transaction? I can't use Electrum as it won't accept the old BIP32 phrase or the 12 word seed as it's too old. Exodus won't import it because it's not in base58 format and tells me the WIF is too long?

Any help would be appreciated.


LoyceV
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February 17, 2021, 09:25:14 PM
Merited by ABCbits (1)
 #2

Did you send it to your own wallet? If so, you can use CPFP by making a new transaction from your bcq1shr-address to another address in your own wallet, with a much higher fee. The new fee will have to pay for both transactions.

Update: Maybe trying the seed words in IanColeman (use it offline air gapped!) is better: if you can get the private key for the 1Bt2ZMR523WZ-address, you can leave the small inputs (0.00001000 and 0.00005000 currently aren't worth the fee).
And while you have the private key, don't forget you have $18 worth of Forkcoins.

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leopheard (OP)
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February 17, 2021, 09:33:34 PM
 #3

Did you send it to your own wallet? If so, you can use CPFP by making a new transaction from your bcq1shr-address to another address in your own wallet, with a much higher fee. The new fee will have to pay for both transactions.

Update: Maybe trying the seed words in IanColeman (use it offline air gapped!) is better: if you can get the private key for the 1Bt2ZMR523WZ-address, you can leave the small inputs (0.00001000 and 0.00005000 currently aren't worth the fee).
And while you have the private key, don't forget you have $18 worth of Forkcoins.

Thanks. The wallet I sent it from is an old Android one with very few features, so it doesn't have a CPFP feature. I've tried that Ian Coleman link and none of the private keys provided will be accepted by other apps. I'd love to be able to get Electrum to accept the 12 word seed phrase but it won't do it.
LoyceV
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February 17, 2021, 09:40:14 PM
Merited by Charles-Tim (1)
 #4

Thanks. The wallet I sent it from is an old Android one with very few features, so it doesn't have a CPFP feature.
CPFP can be done from the receiving wallet, not the old Android Bitcoin Wallet.

Quote
I've tried that Ian Coleman link and none of the private keys provided will be accepted by other apps. I'd love to be able to get Electrum to accept the 12 word seed phrase but it won't do it.
I haven't tried it, but this looks promising (again: use it offline!). Given that you say you have 12 words already, did you follow this procedure?
Note that you don't have to try importing the private key from Ian Coleman to check, you only need to check if Ian Coleman's script shows 1Bt2ZMR523WZTRQPDuse9gG4yhAW61Nuhi. If it does, Electrum will accept it's private key.

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Mr.right85
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February 17, 2021, 11:27:25 PM
 #5

Seems this fee errors often occur when the bitcoin market seems to boom newly and later drops even with the price relatively stable for a period on the high side. So, is that to mean we should avoid transacting when the market booms? Or is there a strategy to go about transacting?
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February 18, 2021, 12:00:26 AM
 #6

I've tried that Ian Coleman link and none of the private keys provided will be accepted by other apps. I'd love to be able to get Electrum to accept the 12 word seed phrase but it won't do it.
you can import to electrum by add colon code

Code:
p2pkh:
p2wpkh-p2sh:
p2wpkh:

you used bech32 address, so input p2wpkh:



follow this Tutorial how to use CPFP

is that to mean we should avoid transacting when the market booms? Or is there a strategy to go about transacting?

No, When the market gets high transactions, booms,  the strategy is to use a higher fee like over 100 sat/byte (OP used 2 sat/byte at the past transaction). you can also search on google for the best fee for the transaction.
leopheard (OP)
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February 18, 2021, 12:33:19 AM
 #7

Thanks. The wallet I sent it from is an old Android one with very few features, so it doesn't have a CPFP feature.
CPFP can be done from the receiving wallet, not the old Android Bitcoin Wallet.

Quote
I've tried that Ian Coleman link and none of the private keys provided will be accepted by other apps. I'd love to be able to get Electrum to accept the 12 word seed phrase but it won't do it.
I haven't tried it, but this looks promising (again: use it offline!). Given that you say you have 12 words already, did you follow this procedure?
Note that you don't have to try importing the private key from Ian Coleman to check, you only need to check if Ian Coleman's script shows 1Bt2ZMR523WZTRQPDuse9gG4yhAW61Nuhi. If it does, Electrum will accept it's private key.

Thanks for the links. The Github Gist above won't install as the build process fails.

As for the Ian Coleman tool, it's a great resource but it only provides master private keys - it only shows public/private keys for newly generated addresses. There's no way to find the private key for that specific address above. I can keep clicking 'more' and regenerate address pairs, but how many addresses can be generated? Millions? Not sure.

Edit: I've been successfully able to import the receiving wallet address into Electrum - how do I RBF or CPFP the stuck transaction when it doesn't appear in the list of transactions? It doesn't even import the wallet as if it's adding to the addresses - it makes it seem that it's sending the transaction to itself?
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February 18, 2021, 01:08:24 AM
 #8

how do I RBF or CPFP the stuck transaction when it doesn't appear in the list of transactions? It doesn't even import the wallet as if it's adding to the addresses - it makes it seem that it's sending the transaction to itself?
you can't RBF, as you can do is CPFP in bech32 (bc1qshr07x9j6xkswast6n7v0ttu52mh2qxs3prgpt) received address.  if you successfully importing a private key to electrum, that address had a pending transaction appears on history. Right-click the unconfirmed transaction > then select Child pay for parents.
leopheard (OP)
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February 18, 2021, 01:19:55 AM
 #9

how do I RBF or CPFP the stuck transaction when it doesn't appear in the list of transactions? It doesn't even import the wallet as if it's adding to the addresses - it makes it seem that it's sending the transaction to itself?
you can't RBF, as you can do is CPFP in bech32 (bc1qshr07x9j6xkswast6n7v0ttu52mh2qxs3prgpt) received address.  if you successfully importing a private key to electrum, that address had a pending transaction appears on history. Right-click the unconfirmed transaction > then select Child pay for parents.

Okay, now I'm getting more confused. It created a transaction that transferred the balance of that address to this new electrum wallet. The transaction that has been pending since Feb 11th or so is nowhere to be seen, doesn't appear in the history as unconfirmed.

I'm thinking my only option is to hope that the transaction is bounced back to me in a few weeks.
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February 18, 2021, 03:52:06 AM
 #10

Okay, now I'm getting more confused. It created a transaction that transferred the balance of that address to this new electrum wallet. The transaction that has been pending since Feb 11th or so is nowhere to be seen, doesn't appear in the history as unconfirmed.

I'm thinking my only option is to hope that the transaction is bounced back to me in a few weeks.
The fee for the unconfirmed transaction is 3 sat per byte and you will have to wait to 2 more weeks and I think it can get a confirmation in the next 2 weekend.

Bounce back. I think you meant about the automated drop of your unconfirmed transaction from a mempool. The default option allows each mempool drops unconfirmed transaction each 14 days. It is one mempool and you would know other mempools might add yours to their mempools as well.

I mean your transaction might get confirmation next 2 weeks (in the weekend with your fee 3 satoshi per byte) or will be dropped from mempool (expired) next 7 days. Your transaction was in the mempool 7 days ago, and 7 more days will be the minimum time to wait for its expiration from mempool.
https://jochen-hoenicke.de/queue/#1,1w

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February 18, 2021, 06:29:24 AM
 #11

Okay, now I'm getting more confused. It created a transaction that transferred the balance of that address to this new electrum wallet.
In your new Electrum wallet, make sure you enable spending unconfirmed coins within Settings. After that, make a new transaction with your unconfirmed 0.04963597BTC, send it to your own address, and pay about 5 times more fee than needed to cover the previous transaction. At the moment, around 100 sat/byte would be enough. So the total cost still wouldn't be that bad.

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February 18, 2021, 06:59:59 AM
 #12

I'm thinking my only option is to hope that the transaction is bounced back to me in a few weeks.
Not few weeks, only a week maximum because unconfirmed transactions can stay in the memepool for only 14 days so it will be dropped by pools sooner.

And it seems that is not the only choice you have, thanks to double spending. Wink

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February 18, 2021, 09:28:31 AM
 #13

Andreas Antonopoulos already created a video just days ago regarding stuck transaction in Bitcoin. It might help you. Here is the link

https://www.youtube.com/watch?v=6JJQLzjAF9k

 
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February 18, 2021, 11:50:09 AM
 #14

Hi all,

So I found an old Android wallet and sent the remaining funds to my new wallet. The wallet I used to send the funds was this old Android one:
https://play.google.com/store/apps/details?id=de.schildbach.wallet. Obviously there's no RBF feature.

I stupidly put the fee WAY too low, here is the stuck transaction:
https://www.blockchain.com/btc/tx/5efd80ebe5edfe7cb21974b27a33b735151f30706271c1ce467348acd3a8350b.

What can I do to bump this transaction? I can't use Electrum as it won't accept the old BIP32 phrase or the 12 word seed as it's too old. Exodus won't import it because it's not in base58 format and tells me the WIF is too long?

Any help would be appreciated.




I use this site https://bitaccelerate.com recently when my transaction stuck for quite long so give a shot about this option so that your transaction will be confirmed. Also if this one will not work try the other suggestion given by other users since that one they pointed is also a good option about this problem.

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February 18, 2021, 01:29:57 PM
 #15

I use this site https://bitaccelerate.com recently when my transaction stuck for quite long so give a shot about this option so that your transaction will be confirmed.
Another tax accelerator: https://www.viabtc.com/tools/txaccelerator/

This accelerator provides two services: free or paid service. The max transactions per hour for free accelerator is 100. See details at the TA section
Quote
How to use Transaction Accelerator

  • Free Acceleration: No need to sign in, you can submit any TXID of delayed transactions that at least include a fee of 0.0001BTC/KB. By order of submission, ViaBTC supports acceleration of 100 FREE transactions per hour. Please resubmit your TXID at next new hour (e.g. 13:00 sharp) if it surpasses the hourly limit.
  • Paid Acceleration: You must sign in to use this service. The fee will be deducted from your BCH account balance. If the available balance is insufficient, you will then need to deposit to continue.
  • We will prioritize submitted transactions to be included in the next block we mine. The block generation time may vary due to the change in luck. For more details, please view the block record.

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February 18, 2021, 01:48:56 PM
 #16

Seems this fee errors often occur when the bitcoin market seems to boom newly and later drops even with the price relatively stable for a period on the high side. So, is that to mean we should avoid transacting when the market booms? Or is there a strategy to go about transacting?

I do thinking that is happening during this time that we have bull. Before this time, when btc was bear , transactions were taken with the low fees and delivery was no problem. Now it is bull and you make it with low fee , the bitcoin price increase just when you click for sending the coin and also immediately the fees increase. This make your transaction stopped for process until bitcoin drop for the fees. I see in my side this can be one reason transaction delay is happening.
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February 18, 2021, 04:08:21 PM
 #17

<...>
It will be good to make use of child-pay-for-parent in this case, provided if the OP is able to spend the unconfirmed transaction. Using paid accelerators is a way high. According to the txid above on blockchain explorer, leopheard paid a fee of 2.526 sat/byte for a transaction that has 3 inputs. The fee is very low and can not get the transaction confirmed in time because of the congested mempools. But, using paid accelerators will demand for much higher fee that you can still use CPFP to manipulate. Currently, I have a transaction of 1 input and 1 output using native segwit transferring to legacy address, set the fee for 5 sat/byte, although, for experimental purpose, I tried to use ViaBTC acceleratator, it demanded for $75. I can use very lower fee to pump the transaction or low fee for CPFP.

Also, regarding free acceleratator, it does not just work like that, the fee used is also a determinant, if the fee is too low like in this case above, it will not be included in the 100 list per hour. People that make use of the free acceleratator earlier per hour (but not that only) and that pay higher fee but not getting confirmed transaction will only be included. So, the likely chance that the transaction above can be included in free acceleratator is not likely this time around when the mempool is so congested.

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February 20, 2021, 07:37:18 PM
 #18

Mostly I noticed that in the course of low fees number of users started using low quality wallets and after it they claimed number of issues and as my opinion if we paid more fee but the wallet is safest it's best.
Higher than the previous low fee would be much helpful. Having a low fee when the mempool have lots of unconfirm transactions means that the unconfirmed transactions that has low fee are less likely to be confirmed right away unless you pay higher fees.

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February 22, 2021, 12:49:11 AM
Last edit: May 16, 2023, 01:42:12 AM by Timelord2067
 #19

I'm trying the good old fashioned way:

[Guide] Broadcast Your RAW Transaction (Push TX) BTC & Alts coins

TX 5efd80ebe5edfe7cb21974b27a33b735151f30706271c1ce467348acd3a8350b

Code:
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

Hope this helps.




I use this site https://bitaccelerate.com recently when my transaction stuck for quite long so give a shot about this option so that your transaction will be confirmed. Also if this one will not work try the other suggestion given by other users since that one they pointed is also a good option about this problem.

Most accelerators won't work if the TX isn't in their mempool:


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February 22, 2021, 03:41:30 AM
 #20

I'm trying the good old fashioned way:

[Guide] Broadcast Your RAW Transaction (Push TX) BTC & Alts coins

Hope this helps.

Thank you. I did not know about the acceleration with raw transaction. In your topic you added links to many coins and not only bitcoin. Amazing.

Do all those tools can give free acceleration?

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