Topic: Custom Fee (Read 3212 times)

I was able to restore masterssed of Mycelium on Coinomi wallet and solve the issue as suggested by you.
Thanks again for help

Thanks,
I will try this as well

For me with my own experience if you really want to clean up your transaction better to export your private keys from mycelium only the address you use and where your bitcoin save.. after that export it in electrum once you imported you may now try to send a bitcoin to other bitcoin address if you can only 1 input..  if its still not working try to generate a new bitcoin address from electrum and send your bitcoin to the new address you use.. and should be work.. and never experience to pay a high fee for every transaction.

Thanks, I will do like this.
BTW with the BTC price constantly increasing, I think that micro trasactions (dust) will be always much more common than before. So someone has to find a solution (i'm sorry, I can't not. I'm a really new baby)

There is no reason you can't keep doing it... so if you want to go through all the hassle and waste time and potentially get your coins stuck in unconfirmed transactions by messing about with low fee transactions and bitcoin accelerators to try and save your dust... Then go for it.

What about if I do the masterseed transfer method to electrum every couple of months. It will mitigate the situation?

ALL bitcoin wallets will do this... it is just the way bitcoin works. Either stop collecting such small amounts, or live with the fact that you're going to end up with large transactions.

The only way to stop this is to not receive small amounts.

Thank you very much for your useful information, I will do it as soon as I can.

While I will continue to receive small transaction amount (from faucet or small investment) I think I will be in the same situation after few month.
Can I do the same process once every couple of month?
Do you have a android wallet (better if sync with desktop) that are not creating so many byte for receiving all the "dust" that I will continue to receive and has manual transaction fee option?

Thanks again for your help

not necessary
i already use coinb in on mobile and happy) no need some stupid soft that can stole money

There is a big difference between "need" and "want".

So, I suggest that you should either learn how to code and go add a custom fee feature (Mycelium is open source)... or maybe you need to consider a new wallet (like I did)... Users have been requesting custom fees forever... the Mycelium devs have been too busy adding in ads to the app to cover their costs after they apparently managed to spend all the "ICO" money... I wouldn't be holding my breath for a custom fee input any time soon.

you not understand 
we need CUSTOM putting

does not matter 300 satoshis/byte or 300000/byte, low prior or high prior.. we just need possiblity put custom fee, and please not explane us its good or bat ( i know what i doing)

1. Get 12 word seed from Mycelium
2. In Electrum... "File -> New/Restore -> Standard Wallet -> I already have a seed -> click 'Options' -> Check "BIP39 Seed" -> Enter 12 word seed from Mycelium -> Leave Derivation Path as m/44'/0'/0'/0"

Wait for Electrum to sync up... it should show your transaction history and balance pretty quickly (seconds), but your transactions will probably show as "Not Verified" until it has fully downloaded the blockheaders... might take a minute or two... if you select "Tools -> Network", you should see the "blocks" number counting up... once it reaches the height of the Blockchain, currently around 481,100 or so, it is fully synced...

NOTE: I'd probably recommend that you setup a completely new wallet in Mycelium with a new seed etc. before you send the coins back... by importing your seed to Electrum you are potentially exposing it.


Hard to say what is going to happen with transaction fees to be honest... keep an eye on this: https://blockchain.info/charts/mempool-count and https://btc.com/stats/unconfirmed-tx

When the mempool count is low (10K-15K or less), you should find that the fees come back down... in any case, as long as you use a fee that is higher than 10 sats/byte, you'll be able to use the ViaBTC TX accelerator... it can be hard to get one of the limited slots tho... and even when you do it can still take up to 12 hours for them to find a block. So you need to be aware that all your coins could be "stuck" for a while if you attempt this.

Perfect, your idea looks good to me. I have just to find out how to import my mycelium masterseed to electrum desktop. Do you have a step by step procedure for that? Or I just simply restore the backup of mycelium (12 words) with electrum desktop? (found this https://bitcointalksearch.org/topic/master-seed-1895725 should be ok for me because i have only 1 account)

Do you think that transaction will  be less expensive end of August?

You can't... the only way to consolidate inputs is to send them all in a transaction to yourself... so that you end up with 1 big giant input... that way, when you send future transactions, you'll be at minimum size. The problem with consolidation transaction is that you'll still end up needing to see one large transaction (and get hit with large fees)

To get around this, I'd suggest you import your Mycelium seed into a desktop version of Electrum... and then you can use manual fees to do a consolidation transaction that sends ALL your coins back to one of your Mycelium addresses with a low fee (minimum of 10.1 sats/byte)... then use ViaBTC TX Accelerator to push the transaction to get it confirmed.

You probably want to wait until the network is a little less congested tho... ViaBTC TX is very popular because fees got expensive again... and there are like 30K+ transactions unconfirmed.

How can I clean my wallet from all this "dust"? or how can I reduce the transaction size?

Your problem is that your wallet is full of dust. The wallet is using perfectly normal fees... 264 sats/byte for "Normal" and 175 sats/byte for "Low Prio"...

Currently, because of network congestion, fees got really high again... bitcoinfees.21.co says "The fastest and cheapest transaction fee is currently 300 satoshis/byte" and https://btc.com/stats/unconfirmed-tx is saying "291 sats/byte"...

If you look, you have 10 inputs for your 0.01!!?! Your transaction is 1524 bytes... a "normal" transaction is 226 bytes... your transaction is nearly SEVEN times the size of a normal transaction...

Try to avoid collecting lots of tiny inputs and you won't have this issue in the future.

i finished use mycelium some month ago for this reason ( impossible custom fee) and use now coinb.in also on mobile and happy

Hi,
I'm way far away from that transection fees, mine are insane!!
40% fee for a normal priority and a 20%fee for a low priority fee.
Is there a way to disable the function to get the price from this mycelium server?
I don't want to change wallet, but if the fees are so insane, I will be force to.
Look at the picture

http://imgur.com/a/7yGeM

http://imgur.com/a/O53gM

Please help

Gating custom fee with a pin entry and a big red warning message would be enough to scare off inexperienced users.

If users were made to jump through a lot of hoops to get to a custom fee setting window it's unlikely inexperienced users would use it. The devs could also add some code that compares a custom fee with the dynamic fee and warns about excessively high or low fees when someone tries to send a transaction. Other wallets already implement such warnings.