Cannot spend full electrum balance? | Bitcointalksearch.org

HCP

legendary

Activity: 2086

Merit: 4361

Quote from: HI-TEC99 on June 08, 2017, 03:13:53 PM

In the past the network usually forgot transactions after three days, but something's recently changed and people are sometimes waiting weeks for a confirmation. That high fee might seem a rip off, but it's preferable to having your coins stuck in limbo for weeks.

The default timeout for a transaction got changed from 72 hours (3 days) to 336 hours (14 days) in Bitcoin Core:

https://github.com/bitcoin/bitcoin/commit/a72f76ca3d5d2f259d308f65810891389f728e9e

This became more apparent when the number of unconfirmed transactions spiked up over 150,000... more and more low fee transactions were left in the pool for longer and longer periods of time.

NOTE: This value can be changed with a commandline parameter (-mempoolexpiry), but chances are a lot of nodes are being run with default options, so it is quite possible for a transaction to get held for 14 days.

HI-TEC99

legendary

Activity: 2772

Merit: 2846

Quote from: zend7 on June 08, 2017, 02:29:05 PM

Quote from: user2015 on June 07, 2017, 10:00:57 AM

Ive got same problem. Ive got 0.0044 but can only spent 0.0022... Thats 5.5$ Fee to send 5.5$. Looks like a ripoff...

That happens when you get a lot of micro payments that in the end make the total amount 0.0044 btc. By sending a lot of micro payments to your electrum wallet or any other good desktop wallet you add more bytes to your transaction fees. Nowadays a recommended transaction fee is about 500 satoshi/byte so the more bytes you transaction has the more fee you have to pay. It is not a ripoff, Electrum is one of the best if not the best free desktop wallet.

If you don't pay a high fee per byte rate then your transaction could be pending for weeks or forgotten by the network. The starter of this thread had to wait over two and a half weeks for his transaction to confirm because he paid a low fee.

https://bitcointalksearch.org/topic/transaction-catastrophe-1920603

In the past the network usually forgot transactions after three days, but something's recently changed and people are sometimes waiting weeks for a confirmation. That high fee might seem a rip off, but it's preferable to having your coins stuck in limbo for weeks.

zend7

hero member

Activity: 658

Merit: 501

Hackers please hack me .... if you can :)

Quote from: user2015 on June 07, 2017, 10:00:57 AM

Ive got same problem. Ive got 0.0044 but can only spent 0.0022... Thats 5.5$ Fee to send 5.5$. Looks like a ripoff...

That happens when you get a lot of micro payments that in the end make the total amount 0.0044 btc. By sending a lot of micro payments to your electrum wallet or any other good desktop wallet you add more bytes to your transaction fees. Nowadays a recommended transaction fee is about 500 satoshi/byte so the more bytes you transaction has the more fee you have to pay. It is not a ripoff, Electrum is one of the best if not the best free desktop wallet.

user2015

newbie

Activity: 10

Merit: 0

Ive got same problem. Ive got 0.0044 but can only spent 0.0022... Thats 5.5$ Fee to send 5.5$. Looks like a ripoff...

kolloh

legendary

Activity: 1736

Merit: 1023

Yep, that is normal. A transaction fee is required to send bitcoins and this would be deducted from the amount that you are trying to send. Depending on the number of inputs you are attempting to spend, this could easily add up to 0.002 in fees with the current fee rate of the network.

btcdevil

legendary

Activity: 1302

Merit: 1027

This always happens when you are using electrum for desktop, as i am also using it and i am also not able to send fully but what is the maximum if you send it then you will see that your wallet wont show that balance as that is the transaction fees which is sent with the transaction.

HCP

legendary

Activity: 2086

Merit: 4361

Can you take a screenshot of the "Send" dialog... if possible can you also click the "preview" button and take a screenshot of that (block out sensitive info like addresses if you want, that isn't important)...

I ask because it will enable us to see the size of the transaction, how many inputs etc... and whether or not you are misinterpreting how the amount+fee are being displayed.

pooya87

legendary

Activity: 3472

Merit: 10611

first of all it is not "108.8 coins" it is 108.8 mBTC, at first i thought you are using an altcoin electrum like Electrum-RDD

and the reason seems to be with fees. you are unable to spend 0.002BTC probably because that is how much fee your transaction requires.
how big is your transaction size? it must be around 600-700 bytes

Lontongmie

sr. member

Activity: 448

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DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

Quote from: Abdussamad on May 21, 2017, 07:18:22 PM

what version of electrum are you using?

are any of your addresses frozen? bring the addresses tab into view with ctrl+a if it isn't visible. then see if any of the addresses have a cyan background

I downloaded it yesterday so the newest one I think? Nothing is frozen. Weird that I cannot spend 2 mbtc..

Abdussamad

legendary

Activity: 3682

Merit: 1580

what version of electrum are you using?

are any of your addresses frozen? bring the addresses tab into view with ctrl+a if it isn't visible. then see if any of the addresses have a cyan background

Lontongmie

sr. member

Activity: 448

Merit: 250

DATABLOCKCHAIN.IO SALE IS LIVE | MVP @ DBC.IO

All coins are fully confirmed, but I have 108.8 coins and can only spend 106.8
Yes, the 106.8 includes fees, and all my coins are cleared. Help?
I am using electrum wallet

Topic: Cannot spend full electrum balance? (Read 1288 times)