Unconfirmed for over 30 minutes on blockchain.info. I have transactions sitting for over 30 minutes now and I paid a transaction fee of .0001 to .0002 for each of them. A question: If I use multibit or bitcoin-qt, will the transactions be faster?
Updated to Multibit HD, need help understanding Bitcoin addresses
Hey Guys, I need a bit of help here, which I was unable to figure out on the Multibit website. I was on the old MultiBit Classic, but want to move my Bitcoin to the new Multibit HD. This has gone fine, and a test transaction has been made and confirmed successfully. I want to transfer the rest of my Bitcoins to this new Multibit HD wallet. Now, in the old Multibit, my address remained unchanged, and was always the same. The new Multibit HD creates a new address everytime I press "Request". I think I might have missed something over the past few years. I thought your address was your "wallet", and for small fry like myself, you only need one (i.e. like one bank account). However, I don't understand how Multibit HD works with wallets - is it 1 wallet, with a million bitcoin addresses after a million receipts (for example)? Or am I doing something wrong? I'd like to keep my bitcoin address as one address only, and I'm a bit nervous in understanding how Multibit HD shows 1 wallet, but gives me new bitcoin addresses everytime I click the request button. I also can't get Multibit HD to show me the old bitcoin address directly (I can see it in the transaction / on the old version / in Blockchain etc). Hopefully I'm just being dumb. TLDR: Multibit HD creates a new bitcoin address every time I press "Request". I thought wallet = bitcoin address. How do I just get and use one bitcoin address with Multibit (I don't want wallets in a wallet, I want one wallet with one bitcoin address)? Appreciate the help!
I recently dusted off my Bitcoin wallet. I was using an old version of MultiBit but as this is not longer being developed I decided to move to Electrum. For reasons I'm not cleaar on I couldn't import the private key from the old wallet so I decided to just create a new wallet and transfer it. I'm not sure what the fee was supposed to be for that transaction but it shows in Electrum with a warning icon with low fee next to it and it's still unconfirmed over 50 hours later. Is there anything I can do? Transaction here: https://blockchain.info/tx-index/a317b403881263d30089f1ec9178386194833f81ecdc583a0f8f797fc6a24913
PSA: Clearing up some misconceptions about full nodes
I am not technical. I need help recovering unconfirmed funds from an old MultiBitHD transaction. I will give you 20% of the transaction if your advice leads to successful recovery of these funds. Details in thread.
Final Update: A donation of 20% of the transaction mentioned above was made to the Electronic Frontier Foundation. Thank you all for the advice and your time! Proof: https://imgur.com/a/meTtw UPDATE - PLESE SEE BELOW! https://www.reddit.com/Bitcoin/comments/76kiqz/i_am_not_technical_i_need_help_recovering/doeqo7l/ Details I transferred .071xxxxx BTC several months ago to a wallet held locally in MultiBitHD and did not recheck the transaction. Apparently it did not go through all the way. Here are three screenshots detailing the transaction. https://imgur.com/a/T2V7k Transaction number is as follows: 9accb62d5817147e43cc4e709f2d912575346a2a7ad5893b1a7ca6d48466d938 According to "Blockcypher", the transaction was successful however the funds are still inaccessible to me to transfer to something outside of MultibitHD, which is showing them as "Unconfirmed" as you can see in the pictures above. Steps I've taken so far based on advice I've found online: I have attempted a "Repair Wallet" in MultibitHD. This did not work. I have attempted to rename the wallet directory and created a new one. This did not work. Bottom Line At this point, I'm at the absolute top of my technical knowledge. My understanding is that the hold in funds might be due to a problem with the transaction fee. I have no idea....this is my hail mary pass. The point is I need one of you who is smarter than me at this stuff to help me clear this. I will give you exactly 20% of the funds recovered from this transaction if you can give me clear, step-by-step instructions as to how to recover these funds. Additional Details I am running a mac. I have necessary passwords, seed words, and date stamp for this particular wallet. As far as your payment goes, Unfortunately I can only guarantee this on an honor system basis. I am not an asshole. I pay my debts. I've spent all morning trying to solve this problem and I can find no clear answer written in a non technical language that I understand, so if you help me your efforts will be well worth the cost. -PM's welcome. I don't care as long as I can get this done.
So my Poloneix account just got verified with my ability to withdraw funds again. The funds have been in there for a year, and the walled I have is a Multibit HD wallet that I belive might be outdated or out of development? I was gonna withdraw earlier but kept postponing, and now I need to make a wallet I can trust. (I'd also like some guidance on how to move the BTC I have in my multibit wallet, while also collecting the Bitcoin Cash I have yet to have available, since I haven't used the wallet since before the fork) I the Multibit HD wallet also show some of my funds as unconfirmed, though the TX is confirmed. If anyone knows how to transfer those over if a normal transaction should prove difficult, I'd appreciate some advice there too. Any help would be appreciated.
At Mycelium Support we get questions like this all the time. Here are some answers around fees:
Mycelium is greedy taking more money than XYwallet! Ok, this is probably the worst misconception we get but looking through some of our one star ratings, you will find them. Mycelium and no other big bitcoin wallet takes a cut of your transaction. One did at some point. Not sure how long they did or if they still do. The mining fee though goes to the Bitcoin miners and not to us. You can become a miner yourself so fees go to you ;)
Why my transaction of $1 costs $2 in fees? Fees don't care how much money you send. If you only ever received one payment to your wallet, sending out bitcoins always costs exactly the same regardless of how much you send between the minimum and the maximum amount spendable. (Actually sending all is slightly cheaper.)
I always paid less than $2. Why are the fees suddenly $200? Ok, here it gets a bit more complicated:
A Bitcoin wallet holds its balance in a so called set of unspent transaction outputs or UTXOs. Your UTXOs are "outputs" of transactions towards you that you did not spend yet. Imagine it like paper cheques that may pay to several recipients at once. On cheque #123 the third line said "your name $12". On cheque #456 the first line said "$15 for you" and so on. You keep a copy of those cheques around and know you have $12 + $15 + ... that only you can spend. The cheques are public knowledge and others can spend other lines from them.
To pay Tom $5, your wallet might pick cheque #456 and issue a new cheque #789 saying "The signer spends the first line of #456. $5 for Tom. $9 for himself. Signature"
The miner who knows that line one of #456 held $15 sees there is $15 - $9 - $5 = $1 in for him if he "confirms" this transaction, picks it up and puts it into the blockchain. You paid $1 in fees, invalidated one UTXO and created a new, so called change UTXO.
To send $50 you might end up with a cheque that reads "The signer spends the first line of #456, the third of #123, the 10th of #654, the ... . $50 for Tom. $1 for myself. Signature1, Signature2, Signature3, ..." This can be a huge transaction and in Bitcoin you pay per size. This is why depending on how many UTXOs you are spending from, this can cost $2 or $200 to send.
Ok, so how do fees work exactly?
You pick a confirmation target. Currently the 3h confirmation target is roughly the following: If a transaction with this fee per byte would have been broadcast at any point in time during the last week, it would have had a 95% chance of confirming within 20 blocks.
You pick an amount to send.
Depending on your UTXO set, the count of UTXOs you have to spend to pay the amount is determined.
The size of your transaction gets estimated, which is accurate to a few bytes.
The fee is determined.
If the change output is lower than zero, more UTXOs have to be spent from.
If the change output is lower than the (currently hard coded and too low) dust level, no change output is created, increasing the fee.
How come my transaction fee is higher when I switch to lower priority fee? This is not a bug but a consequence of the fee preference being in $/MB and you are only comparing the $$. Using the lower priority, the transaction builder might pick different and more UTXOs to spend from, resulting in a much bigger transaction, resulting in a slightly higher fee.
My friend received the money in seconds despite paying the lowest possible fee. Why would anybody in their right mind use the three higher fees? Wallets show bitcoins as "receiving" once they propagated through the network from the sender who broadcast it, to the recipient.
Transactions that pay a really really low fee can fail to propagate through the network when the network's nodes run out of memory and start ignoring transactions that are unlikely to confirm this week anyway. Mycelium does currently not allow to set a fee that would fall into this category for any (relevant) nodes. Nodes can also have a hard limit configured below which transactions are ignored.
Anything with a higher fee propagates through the network within seconds but that does not mean that it will confirm anytime soon. Block creation and therefore confirmation is a random process. Even if the Mempool were empty at the time of sending a transaction, there is no guarantee that a block will be found within an hour or that within this hour the overall activity of others sending transactions will remain low. And only a confirmed transaction is final.
The Mempool (or the collection of all unconfirmed transactions) did historically start growing at random times and any transaction sent using a fee that would have been good enough for next block confirmation just an hour earlier, could end up not confirming ever in those week long ramp up phases.
I know all of the above, I know what I'm doing and I really want to pay less fees even at the risk of the transaction not confirming. Yes, we hear you.
Some people want to demonstrate bitcoin and not pay $2 for a demo payment but underpaying on a demo payment will also result in any payment that spends the change from that demo payment getting a low priority.
We have a certain support demand and complaints about high fee are almost always easier to handle than complaints about transactions not confirming. Providing a zero fee option would have many beginners jump at it.
We will provide lower fees with one of our next releases once we have opt-in replace by fee (RBF in short) figured out. Maybe we will also use the so called "smart fees" in the next bitcoin core release, that don't take a 95% threshold for a week span but some much weaker estimate.
So why should I pay a high fee at all? Would I lose bitcoins in transactions that fail to confirm? Paying a low fee on your transactions carries the risk that they don't confirm for a long time.
If you and the recipient do nothing, the transaction might remain unconfirmed for a long time. As long as it's held in the mempool of network nodes, refreshing your account would result in rediscovering it, even if you tried to forget your transaction. After 72h nodes might (but don't have to) forget your transaction. Refreshing your account now, will make the transaction go away, so you would have the funds back for spending. Technically you would no "double-spend" against your prior transaction.
If you ignore the stuck transaction and put more transactions on top of it, that pay a better fee, miners might pick up the low-paying transaction to get the more attractive high-paying transactions.
If the wallet of the recipient allows spending from unconfirmed outputs, he might do the same thing and put high-paying transactions on top of the unconfirmed transaction to make it confirm.
Mycelium allows fee-bumping using child pays for parent (CPFP). The last two bullet points explain poor-man's CPFP. If for example you paid too little on a really huge transaction that would have cost $100 in fees on priority but with low priority you lowered that to "only" $30 in fees, sending a depending transaction with $3 instead of $1 will not really bump the huge transaction. Here you will need our CPFP feature. This feature analyzes the transaction you are trying to bump and the size of the bumping transaction and lifts the fee to priority level for both together. You would pay a $70+$3 fee instead of the poor-man's $3 bump attempt. We currently don't offer bumping to normal fee level, as you only have a limited amount of shots at fee bumping. With RBF implemented, CPFP bumping can be more dynamic, too.
Hi everyone, I know very few people will see this and that's okay. I decided after a week of severe depression, anxiety, self-loathing, and general fucked up thoughts that I needed to talk about what I did. On the scope of a confession, it isn't much to some people, but to me it is a huge and daunting fuck up that I'll be paying out the nose for. The reality is I might even be homeless due to this. I used a throwaway for this because a few people I know have my primary acct and I can't bear the shame of them knowing yet. To get to it, I made a huge mistake and lost all my money. ALL OF IT. If it isn't obvious already, I don't have a lot of money. I am not a all that familiar with bitcoin and only recently began taking part in the community. /Bitcoin has been my bible and go to source nearly every day for the last 6 months. But again, I don't have much money and I decided that I have a this tremendously good feeling about where bitcoin is going so I warily invested in a couple coins around January 2nd at about 809 a coin from coinbase. I was terrified of losing what I put in. Then the next day, the price jumped about $30! I was ecstatic! I was amazed! I couldn't believe that my investment had begun working for me after only a day! It was a great feeling. At the same time of all this, I had just finsihed up a huge ordeal with Bank of America over fradulent charges on my debit card that sent my account into the negative and had intitially accured almost $1000 in overdraft and other fees. It took months to get all my money back and in the end still lost out on about $200 dollars. Needless to say, I was more wary of my bank than bitcoin at this point and bitcoin was GIVING me money instead of giving it away. So I did the only logical thing I could think of at the time and put the rest of my savings into BTC. And guess what? It went up again! I was so happy with my decision that I started reading more and more about BTC. Then the fluctuations in the BTC market started happening. I started to get nervous because the only cash I had was losing value and fast. I knew that it had a habit of fluctuating like that but I never had any money invested before. The anxiety was real for me every day I'd hop on /Bitcoin and see the news about mtgox ( then after that the silkroad 2 hack.) So, about a week ago when coinbase's price was plummeting still due to gox's problems and bad press and so on I started getting nervous. More nervous than I had been before. My "investment" had lost almost 200 a coin and I was sick to my stomach watching and waiting for the price to come back up like it "always" does. I was posting around a few forums and asking questions about what I should do? What could I do in the mean time? Should I pull out and take my losses? I got to talking to this guy on one of the forums who seemed to know what he was talking about. He mentioned the dice site satoshi bones and how he was in the same spot as me, made one bet and came out 10BTC richer. Even sent the tx ids. It was awesome to see and was even more awesome to imagine. He went as far as to send me .05 btc (holy shit!) and said "Make a few bets and watch, some of the odds are great." So I did that. I sent a few bets of .001btc and made nearly .5 btc in 5 minutes. I was hooked. I was going to make my money back. I was going to make a few bets and get out with what I put in, no more. So I proceeded to make bigger bets. I was making money. I was getting good at watching and "considering the odds." It wasn't really the case, I was just geting lucky here and there. I had no idea what the fuck I was doing. Then the transaction malleability thing happened. Or, rather, it was probably happening the whole time. I don't know. I don't know what it did to my MultiBit account, but it was sending my coins and not updating my balance. I was losing more than I knew because the double spends ended up looking like I had more in my overall account than I did. At one point, it appeared that I had TRIPLED my initial BTC investment over all and I was nearly crying with joy. Then I couldn't access my funds. It said I had a "Balance" of 30btc, but "Spendable" was .05. I knew that it took a little while for the transactions to get through the system and clear but minutes turned into hours and hours into days. When the whole story about the transaction malleability broke into full swing I started tracing my tx IDs back. I was a nervous wreck at that point. I had so many double spends and unconfirmed transactions that there was no way to actually find out how much I truly had left. When I looked through multibit's logs, it had mulitples of the "wins" that I knew I had but numerous tx Ids. I couldn't keep track of it all. Attempting to "reset" the blockchain on Multibit would only cause it to crash (probably because I had sent and received sooooo many unconfirmed transactions back and forth between that game.) I decided to grab my private keys and attempt to use Bitcoin-QT to sort it all out to no avail. It too said I had a balance around 30 BTC unconfirmed (a mind blowing amount of money for me!!!!!) I relaxed and decided I would just have to wait it out to get my money and I'd hold off on grocery shopping until the weekend (today.) Even if I had half of that after it all cleared up, I'd have made a HUGE profit. About two days ago everything calmed down and my balance began fluctuating like mad on both the Multibit client and Bitcoin-qt. It went UP at one point to 40 BTC even! Then transactions started to disappear. Mostly, the transactions that disappeared were the "wins." I assume this is because all of the unconfirmed txs or double spends started being pushed out of the system? I have no idea. I'll take a second to mention that I've never had an interest in gambling whatsoever. I've been to vegas, played a few slots, sat in for some poker and blackjack, would lose and just walk away. However, the last couple days I was consumed by the dice game. I thought I was making incredible money, hand over fist. Yesterday, my balance completely cleared up. I'm broke. I have nothing left. I pissed away even my winnings (maybe 3btc) I had before the transaction malleability started fucking things up. I cried for the first time in 10 years yesterday. Today, I cried again. Over the last week I fell into a depression and was overcome by this urge to just stop existing. Not really suicide at first, but, more of a "I want to close my eyes and let it all blow over." Then, when that didn't happen, I did start considering suicide. I have no money left. I don't know what the fuck I'm going to do for rent, for food, for gas, for my fucking books next quarter. I moved to california on my own about 3 years ago and have zero family in the area. I don't have family to lean on finacially whatsoever (I come from a seriously bad luck/misfortune/poor family.) Monday I'll be heading to my university to find out what I can do and if I qualify for any loans. Or something. I don't know. But right now, I need to tell people and persevere and try to make it out of this. But, my point of posting here isn't a pity party or to draw out "sorry for the bad luck" responses. I did this to myself and this pales in comparison to the bad luck others have had. I want people to use my sincere and obvious FUCK UP as a lesson. I got caught up thinking I was making money. I wasn't fully aware of what was happening during the transaction malleability shit and made decisions without fully comprehending the situation (and it is NOT the fault of Mulitbit or the dice game even if I wanted something to blame.) Most of all, I was GAMBLING my money away. It was greed and poor decisions. But mostly greed. So, I fucked up. I don't want YOU to fuck up like I did. Please look at the story and realize that it can happen to anyone without fully thinking through your decisions and having a grasp on the situation. And SERIOUSLY consider when you're putting too much money at stake when gambling. You could regret it and be in a shitty spot like myself. Thanks for reading. TL;DR Holy shit I wrote a novel. Sorry. In short, I inadvertently gambled away my only $7000 during the transaction malleability crisis and it is no one's fault but myself. I am now broke and terrified and I don't want YOU to suffer like I did. Do not gamble and do research before you do anything with your money especially if it is all you have. EDIT: Though my intial reason for posting was NOT to focus on why my balance said one thing and the actual balance was another, here is what the balance looks like on my Multibit client right now. However if you look at the blockchain, that's clearly not the case and hasn't been for days and days. These are the addresses I used off and on. Not all of them but those were the most active I think. 17cHzgxRLumqfu6UAddUrJmTujd7goHLrx 1BAKHq37qj1xekitr7adXapLqFrVtAhm8A 1KLug6D1mXoyS12BZipyQ8WHAdNzDmQxMp. Also, when I opened the Client today it seemed to send or revieve "stuck" transactions? I don't know what to tell you all beyond that.
Hi bitcoin, Quite new to bitcoins and doing transactions with them, only done it a couple of times. I made a transaction about 5 days ago now sending some money but it is still unconfirmed. Im using the MultiBit wallet and was wondering if there is anyway to get it confirmed faster. I didnt know much about fees so i didnt really adjust or add more otherwise i would have knowing about it now. is there anyway i can send these fees to speed up the proccess? https://blockchain.info/tx-index/a06a82b9e196f8da3bc63c1fa16945faf499f6e13810b77d1cffd36b787312fc Any help appreciated Cheers
In June I wanted to send my bitcoins from my multibit wallet to my coinbase wallet. I entered in my coinbase address and hit send, but the transaction remains unconfirmed today. However, when I try to view the transaction on block explorer or bitcoin.info I cannot find the transaction. All of my bitcoins are currently in limbo neither here nor there and I would like to know if it is possible to get them back. Edit: Problem has been resolved thank you for all the help
Bitcoin Confirmation Time . To answer the question "How Long Does It Take To Transfer Bitcoin" it needs to understand that bitcoin transaction confirmation time depends on many factors.The deeper a transaction is buried, the harder it will be to manipulate. Although 0/unconfirmed transactions could be reversed via Finney attack, race attack, or 51% attack, small amounts of money will not be ... The transaction appears in MultiBit as "This transaction is not yet confirmed. Seen by 4 peers", in Blockchain, it has 345 confirmations. What am I doing wrong? This is the only thing that concerns me about Bitcoin as a feasible currency. I have no customer support to explain to me why a transaction isn't 'working'. MultiBit Classic sends the transaction on one of the peers it is connected to and then listens to all the rest for the transaction being retransmitted. When a transaction has been seen by two or more peers it is definitely out in the Bitcoin network. (You can then spend your change in the transaction). Secondly, once the transaction has been broadcast to the Bitcoin network it is initially ... This transaction was respending an unconfirmed zero-fee transaction. Zero-fee transactions generally won't go through at the moment, so that transaction is unlikely to complete. Unconfirmed does not mean that you lost the funds, only that there is a transaction that has not been accepted by the network into a block. The funds essentially have ... You will see at the top of MultiBit HD the message "+ Unconfirmed: mBTC xyz", where "xyz" is the amount of bitcoin they sent you. You cannot spend unconfirmed transactions in MultiBit HD since they could fail to confirm for many reasons. When your request has been paid and before it is confirmed the status of the transaction moves to "Receiving ...
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