Topic: different output money from what i am sending in blockchain! (Read 414 times)
actually first reply was very detailed and easy to follow and understand. Thx so much, good info
That's just the way Bitcoin works... It isn't like a normal bank account, where you receive a bunch of payments and then when you go to pay someone, it just takes out the exact amount you require. With Bitcoin, any input you get, has to be spent in FULL when it is used.
As an example, let's say you've received a bunch of Bitcoins transactions worth $100, your total balance says $100, but it is actually made up of a combination of all the transactions you have received:
ie, say you had 5 incoming payments:
What you actually have, is 5 chunks of money... rather than one big pile of $100. Now, as mentioned previously, the thing with Bitcoin is, that when you attempt to use one of these chunks, you have to use the whole thing.
So if I want to send say $37 to someone... I can't just send out $37... as I have no $37 chunk. Instead, several chunks get combined until we have at least the required amount. ie. the $25+$30 chunks (as wallets tend to use the oldest ones first). These get combined and then broken into 2 new chunks as required. So a $37 chunk would go to the person, and the remaining $13 chunk would then be returned to a change address in my wallet.
so... it would be: Input1 ($25) + Input2 ($30) => Output1 ($37 to the person I'm sending to) and Output2 ($13, into my change address - this is the "extra" money you're seeing being returned to your account).
Hope that isn't too confusing... it certainly caught me out the first time I tried sending bitcoins... I freaked out when I first tried to send $1 to someone... and it used a $10 chunk!
Then I saw that I had $9 returned... 
I will try to make this easy to him understand but if i'm wrong please for correct me.As an example, let's say you've received a bunch of Bitcoins transactions worth $100, your total balance says $100, but it is actually made up of a combination of all the transactions you have received:
ie, say you had 5 incoming payments:
- $25
- $30
- $2.50
- $15
- $27.50
What you actually have, is 5 chunks of money... rather than one big pile of $100. Now, as mentioned previously, the thing with Bitcoin is, that when you attempt to use one of these chunks, you have to use the whole thing.
So if I want to send say $37 to someone... I can't just send out $37... as I have no $37 chunk. Instead, several chunks get combined until we have at least the required amount. ie. the $25+$30 chunks (as wallets tend to use the oldest ones first). These get combined and then broken into 2 new chunks as required. So a $37 chunk would go to the person, and the remaining $13 chunk would then be returned to a change address in my wallet.
so... it would be: Input1 ($25) + Input2 ($30) => Output1 ($37 to the person I'm sending to) and Output2 ($13, into my change address - this is the "extra" money you're seeing being returned to your account).
Hope that isn't too confusing... it certainly caught me out the first time I tried sending bitcoins... I freaked out when I first tried to send $1 to someone... and it used a $10 chunk!
Then I saw that I had $9 returned... It all happened because the coin you have a long stay in the wallet so that when you make a new transaction there will be more funds are returned to your wallet. just like financial illustrations.
That's just the way Bitcoin works... It isn't like a normal bank account, where you receive a bunch of payments and then when you go to pay someone, it just takes out the exact amount you require. With Bitcoin, any input you get, has to be spent in FULL when it is used.
As an example, let's say you've received a bunch of Bitcoins transactions worth $100, your total balance says $100, but it is actually made up of a combination of all the transactions you have received:
ie, say you had 5 incoming payments:
What you actually have, is 5 chunks of money... rather than one big pile of $100. Now, as mentioned previously, the thing with Bitcoin is, that when you attempt to use one of these chunks, you have to use the whole thing.
So if I want to send say $37 to someone... I can't just send out $37... as I have no $37 chunk. Instead, several chunks get combined until we have at least the required amount. ie. the $25+$30 chunks (as wallets tend to use the oldest ones first). These get combined and then broken into 2 new chunks as required. So a $37 chunk would go to the person, and the remaining $13 chunk would then be returned to a change address in my wallet.
so... it would be: Input1 ($25) + Input2 ($30) => Output1 ($37 to the person I'm sending to) and Output2 ($13, into my change address - this is the "extra" money you're seeing being returned to your account).
Hope that isn't too confusing... it certainly caught me out the first time I tried sending bitcoins... I freaked out when I first tried to send $1 to someone... and it used a $10 chunk! Then I saw that I had $9 returned...
As an example, let's say you've received a bunch of Bitcoins transactions worth $100, your total balance says $100, but it is actually made up of a combination of all the transactions you have received:
ie, say you had 5 incoming payments:
- $25
- $30
- $2.50
- $15
- $27.50
What you actually have, is 5 chunks of money... rather than one big pile of $100. Now, as mentioned previously, the thing with Bitcoin is, that when you attempt to use one of these chunks, you have to use the whole thing.
So if I want to send say $37 to someone... I can't just send out $37... as I have no $37 chunk. Instead, several chunks get combined until we have at least the required amount. ie. the $25+$30 chunks (as wallets tend to use the oldest ones first). These get combined and then broken into 2 new chunks as required. So a $37 chunk would go to the person, and the remaining $13 chunk would then be returned to a change address in my wallet.
so... it would be: Input1 ($25) + Input2 ($30) => Output1 ($37 to the person I'm sending to) and Output2 ($13, into my change address - this is the "extra" money you're seeing being returned to your account).
Hope that isn't too confusing... it certainly caught me out the first time I tried sending bitcoins... I freaked out when I first tried to send $1 to someone... and it used a $10 chunk!
Then I saw that I had $9 returned...
Ok i recently moved from the old legacy wallet to the updated one in blockchain. Seems like a downgrade lol, i hate it. First of all, i cant find how to see transactions with ballance. Am i blind? Second i noticed something weird, i send 230$ click to confirm on the blockhain and i see something like 243$. I sent 22$, i see 32$. However the value seems to be what i originally send but i am not sure, since there is no transactions with ballance to see how it went. In the old legacy wallet you could see the updated ballance next to each transaction. Also the weird part, on some occasions, those extra money goes........to my address!!
Example
i sent 230$
this is how it shows up
https://gyazo.com/5217ec1c35247b9bb83a596cb2df04c4
says 246 and 16 of those seem to go to my addy!!
i pay 22 to renew some subscriptions, it charges 32!! but 10 is to my addy!
https://gyazo.com/5f35410d81b35a82d44f1d5d921b1ce1
Now from all of this, i think i am actually not getting charged extra, but i didnt pay attention to my ballance to see whats happening, before i notice this. Why is the outpout blockchain mentions, higher than the money i send? and do i loose extra money or not?
Example
i sent 230$
this is how it shows up
https://gyazo.com/5217ec1c35247b9bb83a596cb2df04c4
says 246 and 16 of those seem to go to my addy!!
i pay 22 to renew some subscriptions, it charges 32!! but 10 is to my addy!
https://gyazo.com/5f35410d81b35a82d44f1d5d921b1ce1
Now from all of this, i think i am actually not getting charged extra, but i didnt pay attention to my ballance to see whats happening, before i notice this. Why is the outpout blockchain mentions, higher than the money i send? and do i loose extra money or not?
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