Are my bitcoins lost? | Bitcointalksearch.org

DeathAndTaxes

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Gerald Davis

Quote from: Zeeks on March 12, 2013, 12:43:38 PM

Isn't it possible to "lose" a transaction if it has no fee? I have seen people complain about it before and the response is usually along the lines of: "Well you are stupid for not paying a transaction fee!"

No. It may take a very long time to be confirmed. If you bypass the spam rules (required modifying client source code, using patched versions, or building transactions manually using raw transaction API) it is possible to create a transaction which is INVALID and that will never confirm.

However as long as you have the private keys you can "fix" that by removing the bad transaction from the wallet and waiting for the network to forget about it and then spending those coins again.

BadBear

legendary

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No fee transactions may or may not be included in blocks, but they don't get lost. Just take longer to get confirmed.

Zeeks

full member

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Isn't it possible to "lose" a transaction if it has no fee? I have seen people complain about it before and the response is usually along the lines of: "Well you are stupid for not paying a transaction fee!"

DeathAndTaxes

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Activity: 1218

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Gerald Davis

Quote from: JohnCoins on March 12, 2013, 12:30:19 PM

I believe this when I see it. Until then, I would assume your coins are gone.

Shows a lack of understanding of how Bitcoin works.

There are no coins so there is nothing which can be "gone". MtGox has the private key and hasn't lost or compromised itso either:
a) the tx will eventually be confirmed and then every node will "see" it.
b) the tx was flawed and will be forgotten by the network in time however in that case MtGox will still have the unspent output (value) used in this transaction.

There is no scenario where coins can just be "gone" unless you lose the private key (or send them to an address where the private key is unknown).

JohnCoins

newbie

Activity: 42

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Quote from: meanig on March 12, 2013, 12:36:55 PM

Quote from: JohnCoins on March 12, 2013, 12:30:19 PM

Quote from: sd on March 12, 2013, 11:53:05 AM

Quote from: Elwar on March 12, 2013, 11:14:10 AM

I sent 1.5 BTC from MtGox to a WalletBit address: Bitcoin withdraw to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6 late last night using the Green Address option on MtGox.

I think it was right around the time of the bug because the price crashed soon after and as I watched blockchain.info it went from an estimated 6 minutes to confirm down to 0 and then replaced with "Unknown".

The confirmation still sits at "Unknown" as of this afternoon.

Will it ever go through or did my BTC get lost in the ether? I had to send 2 more BTC this morning because of the price change, I was trying to pay for my hosting service.

It will go though.

It may take a while for the blockchain to sort itself out but no genuine transactions will be lost.

I believe this when I see it. Until then, I would assume your coins are gone.

Gone where? They're floating around the memory pools and after a while they'll be included in a block.

You're right, I apologize, I thought he had received a payment. Move along.

meanig

hero member

Activity: 531

Merit: 501

Quote from: JohnCoins on March 12, 2013, 12:30:19 PM

Quote from: sd on March 12, 2013, 11:53:05 AM

Quote from: Elwar on March 12, 2013, 11:14:10 AM

I sent 1.5 BTC from MtGox to a WalletBit address: Bitcoin withdraw to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6 late last night using the Green Address option on MtGox.

I think it was right around the time of the bug because the price crashed soon after and as I watched blockchain.info it went from an estimated 6 minutes to confirm down to 0 and then replaced with "Unknown".

The confirmation still sits at "Unknown" as of this afternoon.

Will it ever go through or did my BTC get lost in the ether? I had to send 2 more BTC this morning because of the price change, I was trying to pay for my hosting service.

It will go though.

It may take a while for the blockchain to sort itself out but no genuine transactions will be lost.

I believe this when I see it. Until then, I would assume your coins are gone.

Gone where? They're floating around the memory pools and after a while they'll be included in a block.

JohnCoins

newbie

Activity: 42

Merit: 0

Quote from: sd on March 12, 2013, 11:53:05 AM

Quote from: Elwar on March 12, 2013, 11:14:10 AM

I sent 1.5 BTC from MtGox to a WalletBit address: Bitcoin withdraw to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6 late last night using the Green Address option on MtGox.

I think it was right around the time of the bug because the price crashed soon after and as I watched blockchain.info it went from an estimated 6 minutes to confirm down to 0 and then replaced with "Unknown".

The confirmation still sits at "Unknown" as of this afternoon.

Will it ever go through or did my BTC get lost in the ether? I had to send 2 more BTC this morning because of the price change, I was trying to pay for my hosting service.

It will go though.

It may take a while for the blockchain to sort itself out but no genuine transactions will be lost.

I believe this when I see it. Until then, I would assume your coins are gone.

sd

hero member

Activity: 730

Merit: 500

Quote from: Elwar on March 12, 2013, 11:14:10 AM

I sent 1.5 BTC from MtGox to a WalletBit address: Bitcoin withdraw to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6 late last night using the Green Address option on MtGox.

I think it was right around the time of the bug because the price crashed soon after and as I watched blockchain.info it went from an estimated 6 minutes to confirm down to 0 and then replaced with "Unknown".

The confirmation still sits at "Unknown" as of this afternoon.

Will it ever go through or did my BTC get lost in the ether? I had to send 2 more BTC this morning because of the price change, I was trying to pay for my hosting service.

It will go though.

It may take a while for the blockchain to sort itself out but no genuine transactions will be lost.

deepceleron

legendary

Activity: 1512

Merit: 1036

This payment from MtGox was paid without fees even though the priority demands fees. This is par for the course, other MtGox green address withdraws have had the same experience of MtGox paying no fees even when they are required:
https://bitcointalksearch.org/topic/m.858890

Completely the opposite behavior of that which is desired - a green payment should be trustable as a zero confirmation because MtGox is supposed to be "trustable" not to double-spend, but they are LESS trustable because no fees are being paid.

March 12, 2013, 3:33 a.m. ed2bb18f1ca80730a3ce4abf69bbce19805a20b4d0bf6c5c1e26e7082e3f855e
This is a low priority transaction.
size: 257 bytes
priority: 17,023,064
input: 2.57348671 BTC
fees paid: ab-so-fucking-lutely nothing

   2.57348671 BTC from 44106d7b2986fc7c8ee10683a1ba991b3c7b6c379409746a630d01e20bcd6b53:0 (1LNWw6yCxkUmkhArb2Nf2MPw6vG7u5WG7q)

output: 2.57348671 BTC

   1.50000000 BTC to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6
   1.07348671 BTC to 12M7oXubEqhh4qkWhtKVX2BF1mAShKi2cq

Your payment might be included in the blockchain sometime after the other 2MB of pending transactions that are also discardable dust.

MtGox likes to not pay fees at the expense of users - send a private key sweep address a satoshi, and they'll send out a 0.0000001 auto-transaction with no fees that will be discarded by miners and relayers.

Elwar

legendary

Activity: 3598

Merit: 2386

Viva Ut Vivas

I sent 1.5 BTC from MtGox to a WalletBit address: Bitcoin withdraw to 1QARSgpZ2um4n9JFBhMYTxBYXZsxEhEUb6 late last night using the Green Address option on MtGox.

I think it was right around the time of the bug because the price crashed soon after and as I watched blockchain.info it went from an estimated 6 minutes to confirm down to 0 and then replaced with "Unknown".

The confirmation still sits at "Unknown" as of this afternoon.

Will it ever go through or did my BTC get lost in the ether? I had to send 2 more BTC this morning because of the price change, I was trying to pay for my hosting service.

Topic: Are my bitcoins lost? (Read 1163 times)