New zero fee / low fee BTC transactions issues

[EBK1000]

In Bitcoin Core version v0.10.0 (64-bit) (Mac in this case) there is an option for sending BTC with low fee or zero fee if possible. The transactions will be a lower priority but will eventually be processed. I have now tried this for the first time and the transaction appears to be stuck or is being processed very slowly. Does anyone else have any experience with this?



I initiated the 0.3BTC transaction at 2312 hours (GMT) London and now almost 9 hours later, still no confirmations.



Any thoughts?

[Envrin]

Might have to splurge, and send that whopping $0.03 fee next time.

[dsly]

In Bitcoin Core version v0.10.0 (64-bit) (Mac in this case) there is an option for sending BTC with low fee or zero fee if possible. The transactions will be a lower priority but will eventually be processed. I have now tried this for the first time and the transaction appears to be stuck or is being processed very slowly. Does anyone else have any experience with this?

....
Any thoughts?

Well yes , the transaction does become low priority and is processed slower. If it was zero fees, then could take days for it to get through.

[acquafredda]

Let us know when the transaction is confirmed.
Anyway, I think this might create troubles to newbies especially.
And then they will start to complain about BTC not moving fast.

[dsly]

Let us know when the transaction is confirmed.
Anyway, I think this might create troubles to newbies especially.
And then they will start to complain about BTC not moving fast.

That doesn't happen much. If it did, we would have a lot of people already complaining by now. Some do fall for it, and complain. But not many care when you just have to pay that low fees.

[avw1982]

Might have to splurge, and send that whopping $0.03 fee next time.

This! If you choose the cheapest option, you know that's also the slowest.

[Abbey_j]

You didn't pay any fee for that transaction, so what you can do now is waiting, I have one without fee also and get the first confirmation after 7days.

[EBK1000]

Yeah, it was a test only, and obviously I will pay the fee the next time, just wanted to try

[shorena]

In Bitcoin Core version v0.10.0 (64-bit) (Mac in this case) there is an option for sending BTC with low fee or zero fee if possible. The transactions will be a lower priority but will eventually be processed. I have now tried this for the first time and the transaction appears to be stuck or is being processed very slowly. Does anyone else have any experience with this?

- snip -
Any thoughts?

I have used the feature several times now and never had problems. You might want to uncheck the "send w/o fee when possible" to get the confirmation within the 25 blocks as promised. As others have already said your TX is without fee and its priority is not that high. The fee with the modified settings would have been ~400-500 satoshi. That should be low enough.

oh and a link is nice, here -> https://www.blocktrail.com/BTC/tx/346b28808cbfd0e1e61485324ac48a398f814a76ecde85da113f4c0b39f0e350

Yeah, it was a test only, and obviously I will pay the fee the next time, just wanted to try

Sending without a fee is fine, but you need a higher priority. Im not sure how bitcoin core/qt determines whether its fine to pay no fee or not in the new version. If you have an .1 BTC input and want to send it w/o fee it should be confirmed for at least 10 days. This is a bit of a rule of thumb but it usually works out. Its easy to remember as 1 BTC confirmed for 1 day or 1 bitcoin day.

[ikydesu]

I think because the transactions volume, now is so big wave transaction on blockchain and if you didn't pay the fees i think you just waiting....for long time my experience is i ever didn't pay the fees and i must waiting for 5 days to get confirmation. Without fee is just for patience person.


~iki

[EBK1000]

In Bitcoin Core version v0.10.0 (64-bit) (Mac in this case) there is an option for sending BTC with low fee or zero fee if possible. The transactions will be a lower priority but will eventually be processed. I have now tried this for the first time and the transaction appears to be stuck or is being processed very slowly. Does anyone else have any experience with this?

- snip -
Any thoughts?

I have used the feature several times now and never had problems. You might want to uncheck the "send w/o fee when possible" to get the confirmation within the 25 blocks as promised. As others have already said your TX is without fee and its priority is not that high. The fee with the modified settings would have been ~400-500 satoshi. That should be low enough.

oh and a link is nice, here -> https://www.blocktrail.com/BTC/tx/346b28808cbfd0e1e61485324ac48a398f814a76ecde85da113f4c0b39f0e350

Yeah, it was a test only, and obviously I will pay the fee the next time, just wanted to try

Sending without a fee is fine, but you need a higher priority. Im not sure how bitcoin core/qt determines whether its fine to pay no fee or not in the new version. If you have an .1 BTC input and want to send it w/o fee it should be confirmed for at least 10 days. This is a bit of a rule of thumb but it usually works out. Its easy to remember as 1 BTC confirmed for 1 day or 1 bitcoin day.

So this:
Priority - 39,646,535 > 28,800,000 means that the transaction has to reach 28,800,00 to be processed??

[medUSA]

In Bitcoin Core version v0.10.0 (64-bit) (Mac in this case) there is an option for sending BTC with low fee or zero fee if possible. The transactions will be a lower priority but will eventually be processed. I have now tried this for the first time and the transaction appears to be stuck or is being processed very slowly. Does anyone else have any experience with this?

I initiated the 0.3BTC transaction at 2312 hours (GMT) London and now almost 9 hours later, still no confirmations.

Any thoughts?

Judging by the value of your transaction, it should confirm in 1 or 2 days, don't worry about it. Try to avoid sending transactions with no fee unless you know the transaction has high enough priority to qualify as free transaction. For example, sending 1btc which has matured for at least 1 day.

[shorena]

-snip-
So this:
Priority - 39,646,535 > 28,800,000 means that the transaction has to reach 28,800,00 to be processed??

Blocktrail actually says the priority is high enough, but there is no fixed value. According to the dev guide[1] there are 50 KB reserved for high priority TX. Thus as long as your priority is higher enough the TX will get confirmed eventually. It also gains priority over time as the inputs mature further with every block found.


[1] https://bitcoin.org/en/developer-guide#transaction-fees-and-change

[aikunsatu]

so, the meaning is if I send with lower fee/zero fee, it is will confirmed slowly ??

[Gisado]

so, the meaning is if I send with lower fee/zero fee, it is will confirmed slowly ??

Yes. Higher Fee = Faster Confirmation, Lower Fee = Slower Confirmation. But as always there may be some exceptions....

[acquafredda]

so, the meaning is if I send with lower fee/zero fee, it is will confirmed slowly ??

Yes. Higher Fee = Faster Confirmation, Lower Fee = Slower Confirmation. But as always there may be some exceptions....

but this is the thing:
what if people start to tweak without knowing what they're doing?
then, if something goes wrong, they'll blame on BTC

[dsly]

so, the meaning is if I send with lower fee/zero fee, it is will confirmed slowly ??

Yes. Higher Fee = Faster Confirmation, Lower Fee = Slower Confirmation. But as always there may be some exceptions....

but this is the thing:
what if people start to tweak without knowing what they're doing?
then, if something goes wrong, they'll blame on BTC

Maybe they should read how to send the transactions then. Obviouslt, if it was an option to send without a fees everyone would be doing it.
And after the first transaction, they will learn it too.