Transaction is pending because fee was too low, now what

[jeanluca]

https://ibb.co/YBXChyn

One last question. In this image you see a part of the transaction. The thing that I don't understand is that I move 0.1BTC (InputA) but there is also an InputB with 0.03..BTC. Both InputA and InputB are the same address. OutputA is the address I moved my BTC to, and OutputB is the same address as InputA/B (minus the fee). Why is there 0.03 added to the transaction? Why not just 1 input of 0.13BTC?

[1714576235]

1714576235

[1714576235]

1714576235

[1714576235]

1714576235

[hosseinimr93]

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Each time you receive bitcoin, you recieve a coin which can't be split into smaller parts without making a transaction and must be spent in full.

Assume that you have received two bitcoin transactions and you have two coins now. The coin A  is worth 1 BTC and the coin B is worth 0.5 BTC.
If you want to make a transaction sending someone 1.2 BTC, your transaction will have two inputs and two outputs. One of the outputs will be owned by the recipient and the other one will be the change and will be owned by yourself.
If you want to make a transaction sending 0.2 BTC, you don't have to use both coins A and B and you can use either of them.

[jeanluca]

I think I understand that part. If you look at the transactionhttps://ibb.co/YDRD2wZ

There are 2 inputs, both with the same address. One is that 0.1BTC which is transferred to that other address and the other is 0.036BTC from which the fee is subtracted and "OutputB" is the same address as InputA/B, which makes sense. But the question is, why 2 inputs?, why not just one input with 0.1BTC + fee? And also, why is that second input 0.036BTC, which is a lot more than the fee

[hosseinimr93]

But the question is, why 2 inputs?, why not just one input with 0.1BTC + fee?

You sent someone 0.1 BTC and also paid some fee. That couldn't be covered using a single input worth 0.1 BTC.
For example, if you had sent 0.9 BTC, the transaction could be made either using the input worth 0.1 BTC or using two inputs.

And also, why is that second input 0.036BTC, which is a lot more than the fee

That's the change and it was sent back to you.

The total value of inputs was 0.13679383 BTC.
0.1 BTC of that was sent to the recipient, 0.00025896 BTC of that was paid as transaction fee and the remainder (0.03653487 BTC) was sent back to you as change.

[HelliumZ]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Unfortunate, in my app I don't have the possibility to bump the fee

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

It's a temporary glitch it will get fixed in a few days. Your BTC transaction will be successful when the mempool is reduced. For now, there is no reason to worry about your pending transaction. When the Meempool reaches the same level as it was at the time of sending, your withdrawal will automatically succeed. In this case there is no chance of losing your bitcoins forever. It may take a few days to wait until your bitcoins are deposited in your wallet, so please be patient and wait until the withdrawal is successful.

[Gladitorcomeback]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Your fund is not lost and hope fee will become normal and you will get your payment soon. 10$ fee is not low that it would be go for pending long. I think your transaction has been ignored by miner and now the best solution is to use acceleration. You can check many website offering free acceleration and also reply your transaction id in thread, your transaction will be confirmed soon as fee is good enough.

https://bitcointalk.org/index.php?topic=5034315.0

[Faisal2202]

Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Nah, your transaction will either be revoked, pending, or completed. These are three stats in which your transaction will move. Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

But as of now, your transaction is pending, and either it will be revoked or completed and you can't do anything other than increase the fee using RBF features. Your transaction might be delayed longer than you expected like it might take 24 hours or more but don't worry your money is still in your wallet and will be deducted once completed and if revoked then they are usable.

One final question. As the fee is expressed in sats/vb. How do I know how many bytes my transaction is?

You can use the formula but if you would have provided the hash then it might be easy for us to calculate it for you.

[Charmekkd]

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Recently, bitcoin transaction costs have been very high, this will certainly burden bitcoin investors who have small amounts of assets. However, if you have a bitcoin transaction that is stuck, and not confirmed after several days. Usually the transaction will be canceled and the bitcoins you sent will be returned and will remain safe, so don't worry.

Unfortunate, in my app I don't have the possibility to bump the fee

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

[jeanluca]

Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

[Hypnosis00]

Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

Actually, you're not the only person who is worried about the situation, if not all, but most of us. What I did is that I kept checking on https://mempool.space/ and waited for the fees to drop, $8-$10 is somewhat acceptable for me. And also, better move your Bitcoin is bulk just to save fees and time.

In your case OP, the best thing you do is to either;
 - increase transaction fees ( check https://mempool.space/ for the fees)
 - wait until it confirmed
 - or wait until it returns to your wallet as it exceeds that time of unconfirmed transactions.

[DeathAngel]

Post your txid & one of us can try to accelerate the transaction for you. Failing that you may be able to do it yourself with Via BTC free transaction accelerator. https://www.viabtc.com/tools/txaccelerator
They are very busy atm due to high fees so you have to submit literally just past the hour or they max out on free accelerations (only a certain amount allowed each hour). People are rampantly trying to get their transaction confirmed using this service right now.

I’ve done it with them many times & always works if fee is minimum 10 sat/byte. You might get lucky over the holiday period & it could confirm any way though. I assume the mempool could clear a bit. If not you will have to wait for the transaction to drop from the mempool & return to you. Always use https://mempool.space/ in future to know what fee is suitable at the time.

[hosseinimr93]

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

You can't turn a non-RBF transaction unto a RBF transaction with importing your wallet into a wallet which supports RBF.
 

- increase transaction fees ( check https://mempool.space/ for the fees)

As already said, OP's tranaction was not RBF-enabled.
With full RBF, it's possible to replace a non-RBF transaction with a new paying higher fee. But I doubt there's any SPV wallet allowing doing so.

Post your txid & one of us can try to accelerate the transaction for you.

OP's transaction has been already confirmed.

[Faisal2202]

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

Can't we call them validators? 

[hosseinimr93]

Can't we call them validators? 

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

[Faisal2202]

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

Hmmm, ok I got the main difference that nodes are what validates the transactions while miners are those who create new blocks and insert this validated transaction in these new blocks, and in return, these miners get block rewards and also fee rewards then what those nodes are getting? I mean I thought miners are the ones who validate the transaction as I thought validation is one of the main components that miners do and all miners do but according to your definition.

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block. So what these validators are earning? I am this old to know the difference (haha) so I hope you won't mind me. 

[hosseinimr93]

what those nodes are getting?

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block.

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

[Faisal2202]

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

This is a big use of validating transactions like it means we don't need mixers anymore, as no one would see our data, well, just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right? and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee? (just asking, if you feel like I am being way more dumb then You can ignore this reply, but I hope you will not  ) And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

[Hamza2424]

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

Well, that's not anything most people rely on the information they obtain from a single source and they don't cross-check the legitimacy of the basic concepts because they themselves idealize the information in their imagination but at the end of the day when they encounter the truth explanation they find whatever they were idealizing was in a wrong direction. I've faced such situations many times especially when I was encountering a few metaverse-related discussions.

AFAIK it was not on the forum you can imagine the reaction haha, anyway after a couple of incidents I did a recheck on every concept was idealizing by myself without any authentic reference. TBH after interaction with the recurrent topic the adoption of new ideas seems like lost in mess.

[CryptSafe]

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet.

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after  doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open. I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one and as a matter of fact I have other sophisticated wallet stronger than the bluewallet so why is the bluewallet being abnormal.

[hosseinimr93]

just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right?

Any node is connected to some other nodes.
Once you broadcast your transaction, it's relayed to some other nodes and finally almost all nodes (including mining pools' nodes) will have your transaction in their mempool.

and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee?

You pay the fee to miners, so that they include your transaction in the blockchain.
Not that it doesn't matter whether you are owning your node or you are using a SPV wallet. You have to pay the transaction fee.

And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Yes, anyone has your address can check all your transactions.

Assume that you don't run your own node and you are using a SPV wallet like electrum.
Whenever you open your wallet, electrum sends all the generated addresses to a server. The server can know that all those addresses are owned by the same person.
If you connect to the server with your real IP address, the server can link all those addresses to your IP address.