Topic: Cash Me Out Now (Read 1091 times)
I have installed and used Multibit V.05 as well as the numerous wallets generated when attempting to recover my btc.
I'm completely lost and falling deeper into the darkness.
Who might I contact that will take command of my sinking ship and recover bitcoins from the numerous(6) multibit wallets.
Recently I was able to spend/send btc to other wallets/recipients.
BTC was deducted from wallets but never received by any wallet.
BlockChain reports the tx does not exisit.
TX vary from tiny fractions(tests) to considerable amounts.
See the earlier posts on this thread.
2btc involved within as few as six wallets.
What will it take?
Sincerely
Cash Me Out Now
The 2 btc multibit wallet balance was confirmed over two years ago, remained dormant, until reconfirmed several times over the past two weeks.
Nov 25th 2016 a .00036 transaction resulted in a .6btc deduction. 430$ evaporated.
I will deal with the loss.
Appreciate your time and will update this post if anything positive occurs.
If you want, post the transaction ID (or even better the raw transaction) and I can rebroadcast it. It might be just badly propagated now. After a few days with a reasonable fee, sometimes all it needs is a little push.
The 2 btc multibit wallet balance was confirmed over two years ago, remained dormant, until several times over the past two weeks.
Nov 25th 2016 a .00036 transaction resulted in a .6btc deduction. 430$ evaporated.
I will deal with the loss.
Appreciate your time and will update this post if anything positive occurs.
Is the transaction confirmed yet?
Not Yet............
Is the transaction confirmed yet?
Not Yet............
Is the transaction confirmed yet?
In a nut shell:
I've held a constant balance of 2.04 btc in a single Mulitbit wallet (untouched) for several years.
Two weeks ago I set up a new desktop machine and transfered my Wallet successfully.
The Wallet showed a balance of 2+ BTC at least six times over a two week period.
The Wallet test:
Nov 25th 2016 - I spent .00036 BTC from this wallet containing 2.04 BTC.
Since that transaction this wallet now shows a 1.45 BTC spendable balance.
Over .59 BTC (approx 430$) is now held frozen or un-spendable, apparently.
IIRC I agreed to a .0001 btc fee which was automatically added to the transaction amount(s).
I haven't dared to test the other wallet parameters until this is cleared up.
----------------------------
https://www.34145.com/1.jpg
I've made several small successful Multibit wallet transactions over the years.
I don't recall any unspendable interference in my BTC balance ever. Certainly not 430$!
Now, as explained, I must locate and claim the missing/frozen/unspendable 430$!
Call me "Old School" I won't deny it. I'm not capable of comprehending Common Core math.
How is the unspendable amount reclaimed?
What steps must be taken to correct the spendable balance back to 2+BTC?
I appreciate your continued attempt to help me make sense of my dilemma.
No, I'm sorry, I don't understand.
See this image.
Both wallets are my wallets.
I created a new wallet to send a fraction BTC to myself as a test.
The transaction appears successful as per the wallet image above.
My concern is that the wallet containing 2btc now has 1.4 btc spendable when only .00036 was spent/sent to my test wallet.
What's important at this time is how to get out of the bitcoin completely at the least cost to me.
My idea is through Egifter/Amazon since I have had positive experience with it several years ago.
I am no longer up to the challenge and I'm not able to comprehend much any more.
My time is almost up.
I really must get out.
Thank you all
It seems odd how hundreds of dollars worth (.6btc) of my bitcoin is held isolated/frozen over a .00036 btc transaction without request or warning.
Velkro's response above may be correct. Hopefully anyway! My transactions were tiny and possibly BTC miners avoid confirming such small transactions. It's going on three days so I'll sit hope he's correct. I had sent tiny amounts for the same reasons, as a test, several years ago and the transaction was immediately rejected since the amount didn't cover the transaction fee. I adjusted the amount by tiny increments until the transaction wasn't rejected. All was good. Now all is catching up to me. I will post my final experience.
Say your 1 BTC balance was the output of a single transaction. To pay someone .5 BTC, you have to claim the output of that transaction. Then you have to pay the .0005 BTC fee. That leaves .4995 BTC which need to be left as an unclaimed transaction output for you to spend later.See this image.
Both wallets are my wallets.
I created a new wallet to send a fraction BTC to myself as a test.
The transaction appears successful as per the wallet image above.
My concern is that the wallet containing 2btc now has 1.4 btc spendable when only .00036 was spent/sent to my test wallet.
What's important at this time is how to get out of the bitcoin completely at the least cost to me.
My idea is through Egifter/Amazon since I have had positive experience with it several years ago.
I am no longer up to the challenge and I'm not able to comprehend much any more.
My time is almost up.
I really must get out.
Thank you all
It seems odd how hundreds of dollars worth (.6btc) of my bitcoin is held isolated/frozen over a .00036 btc transaction without request or warning.
Velkro's response above may be correct. Hopefully anyway! My transactions were tiny and possibly BTC miners avoid confirming such small transactions. It's going on three days so I'll sit hope he's correct. I had sent tiny amounts for the same reasons, as a test, several years ago and the transaction was immediately rejected since the amount didn't cover the transaction fee. I adjusted the amount by tiny increments until the transaction wasn't rejected. All was good. Now all is catching up to me. I will post my final experience.
To perform another transaction, you need to claim that .4995 BTC output from that previous transaction. But that .4995 BTC hasn't been confirmed yet. So it's not spendable.
The Bitcoin system deals with transactions which have inputs and outputs. Things like "accounts" and "balances" are just ways the client makes the system easier for humans to understand. They're not part of the protocol and aren't how the system works internally.
There is no way to leave part of an output. Either a transaction claims it or it doesn't. And transactions you sent to yourself are no different from transactions others sent you. (In fact, in general, it's impossible for outsiders to tell which is the change coming back to you and which is the payment to someone else. They're both just transaction outputs.)
No, I'm sorry, I don't understand.
See this image.
https://www.34145.com/1.jpg
Both wallets are my wallets.
I created a new wallet to send a fraction BTC to myself as a test.
The transaction appears successful as per the wallet image above.
My concern is that the wallet containing 2btc now has 1.4 btc spendable when only .00036 was spent/sent to my test wallet.
What's important at this time is how to get out of the bitcoin completely at the least cost to me.
My idea is through Egifter/Amazon since I have had positive experience with it several years ago.
I am no longer up to the challenge and I'm not able to comprehend much any more.
My time is almost up.
I really must get out.
Thank you all
It seems odd how hundreds of dollars worth (.6btc) of my bitcoin is held isolated/frozen over a .00036 btc transaction without request or warning.
Velkro's response above may be correct. Hopefully anyway! My transactions were tiny and possibly BTC miners avoid confirming such small transactions. It's going on three days so I'll sit hope he's correct. I had sent tiny amounts for the same reasons, as a test, several years ago and the transaction was immediately rejected since the amount didn't cover the transaction fee. I adjusted the amount by tiny increments until the transaction wasn't rejected. All was good. Now all is catching up to me. I will post my final experience.
See this image.
https://www.34145.com/1.jpg
Both wallets are my wallets.
I created a new wallet to send a fraction BTC to myself as a test.
The transaction appears successful as per the wallet image above.
My concern is that the wallet containing 2btc now has 1.4 btc spendable when only .00036 was spent/sent to my test wallet.
What's important at this time is how to get out of the bitcoin completely at the least cost to me.
My idea is through Egifter/Amazon since I have had positive experience with it several years ago.
I am no longer up to the challenge and I'm not able to comprehend much any more.
My time is almost up.
I really must get out.
Thank you all
It seems odd how hundreds of dollars worth (.6btc) of my bitcoin is held isolated/frozen over a .00036 btc transaction without request or warning.
Velkro's response above may be correct. Hopefully anyway! My transactions were tiny and possibly BTC miners avoid confirming such small transactions. It's going on three days so I'll sit hope he's correct. I had sent tiny amounts for the same reasons, as a test, several years ago and the transaction was immediately rejected since the amount didn't cover the transaction fee. I adjusted the amount by tiny increments until the transaction wasn't rejected. All was good. Now all is catching up to me. I will post my final experience.
Hey, can you give the tx id of the tiny transaction? Whenyou send bitcoin, you an other address, but also u send something to yourself. I think that the tiny transaction has not confirmed yet, this means that the btc that u sent to urself by sending to another address is unspendable.
For example, there are two wallets.
Wallet A contains 1 bitcoin
Wallet B contains 0 bitcoin
Now u sent 0.1 btc to Wallet B from Wallet A
Wallet A will send 0.1 btc to Wallet B, but along with this transaction it will also send a random quantity to itself, so for example: 0.054btc from wallet A to Wallet A. So if the transaction is not confirmed, than is the part that u sent to urself not spendable.
Do u understand?
For example, there are two wallets.
Wallet A contains 1 bitcoin
Wallet B contains 0 bitcoin
Now u sent 0.1 btc to Wallet B from Wallet A
Wallet A will send 0.1 btc to Wallet B, but along with this transaction it will also send a random quantity to itself, so for example: 0.054btc from wallet A to Wallet A. So if the transaction is not confirmed, than is the part that u sent to urself not spendable.
Do u understand?
I had/have bitcoins in a Multibit wallet for several years.
After a recent Linux desktop system HD crash I started over with a new Ubuntu 16.x.x system.
MultiBit wallet classic installed.
Located and installed wallet which indicated a balance of 2.+ bitcoins as expected.
As a test, sent/spent a tiny amount (.00036) to a new wallet which the transaction appeared to be successful.(See image below)
Since the test transaction I notice my balance is 2.+ bitcoins but the spendable balance is only 1.4+ ...
I hadn't seen this "Spendable Balance" over the years.
I assumed I was in control of my Multibit classic wallet but apparently not.
Image of wallet here:
https://www.34145.com/1.jpg
The balance(2 btc) and spendable balance(1.4 btc) hasn't changed for more than two days.
I've concluded that I am no longer able to keep up with Bitcoin Technology or the knowledge required to maintain it.
I'd like to 'cash out now' buy an EGifter Amazon card and cash out of BitCoin all together.
How do I recover and reinstate the spendable balance of 2 btc
What would be the safest easiest way to cash out without putting my bitcoin at risk.
Thankful to Velkro who responded: Transaction queue is long, so your spendable balance will be again whole 2 BTC after all transaction will be confirmed or reversed (if u didn't pay enough fee and after 24-48h no miner will accept your transaction).
"
Thanks
BLP
After a recent Linux desktop system HD crash I started over with a new Ubuntu 16.x.x system.
MultiBit wallet classic installed.
Located and installed wallet which indicated a balance of 2.+ bitcoins as expected.
As a test, sent/spent a tiny amount (.00036) to a new wallet which the transaction appeared to be successful.(See image below)
Since the test transaction I notice my balance is 2.+ bitcoins but the spendable balance is only 1.4+ ...
I hadn't seen this "Spendable Balance" over the years.
I assumed I was in control of my Multibit classic wallet but apparently not.
Image of wallet here:
https://www.34145.com/1.jpg
The balance(2 btc) and spendable balance(1.4 btc) hasn't changed for more than two days.
I've concluded that I am no longer able to keep up with Bitcoin Technology or the knowledge required to maintain it.
I'd like to 'cash out now' buy an EGifter Amazon card and cash out of BitCoin all together.
How do I recover and reinstate the spendable balance of 2 btc
What would be the safest easiest way to cash out without putting my bitcoin at risk.
Thankful to Velkro who responded: Transaction queue is long, so your spendable balance will be again whole 2 BTC after all transaction will be confirmed or reversed (if u didn't pay enough fee and after 24-48h no miner will accept your transaction).
"
Thanks
BLP
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