Electrum: 50% commission sending BTCs?

shorena

copper member

Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: vaxi78 on March 30, 2015, 10:43:40 AM

Quote from: jbrnt on March 30, 2015, 09:45:38 AM

You can change the default fee in options. What is your default fee now? Is your address full of dust amounts?

Thanks, if you mean "preferences", got it. No, my address is not full of 'dust amounts'.

Well, technically dust is any input below 546 satoshi. Your transaction[1] does not contain what technically would be understood as dust. On the other hand you have 44 inputs from 1000 Satoshi to 78k satoshi. The transaction is 7963 bytes in size most people would consider the inputs dust. Not sure what the default settings for electrum are, but 80k satoshi as fee should be fine and apparently the 1 satoshi per byte you spend did also work out in your favor.

[1] https://www.blocktrail.com/BTC/tx/2734fea8e9ce216481b1c80547c6f2b02e2ed314389f6592c1352ce827a7cf56

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: vaxi78 on March 30, 2015, 10:36:32 AM

Quote from: jackbox on March 30, 2015, 09:44:06 AM

Quote from: vaxi78 on March 30, 2015, 09:40:20 AM

I have 0.007BTCs balance on my Electrum wallet and when I'm trying to send the funds to blockchain.info address, The Electrum wallet allows me to send only 0.003 BTCs, when I type 0.004 BTCs or more I show the number in red and says "not enough funds". So, anybody knows why this happens or it is more than 50% transaction fee?

What version of Electrum are you running. Can you post a screenshot of the send screen showing the .003 and what fees it is trying to charge you?

I'm using version 2.0.3 of Electrum. The screenshots are attached (first
- when I type "!" to send all funds, second when I'm trying to send 0.004.

My Electrum 2.0.3 send screen shows the fee under the amount being sent so you can see what is happenign and can change it. Go into settings and set it so to "set transaction fees manually" and you will have a fee box. You can then see what it is trying to charge and you can change it to something more reasonable like .0005 and see if you can send.

vaxi78

newbie

Activity: 13

Merit: 0

Quote from: jbrnt on March 30, 2015, 09:45:38 AM

You can change the default fee in options. What is your default fee now? Is your address full of dust amounts?

Thanks, if you mean "preferences", got it. No, my address is not full of 'dust amounts'.

vaxi78

newbie

Activity: 13

Merit: 0

Quote from: jackbox on March 30, 2015, 09:44:06 AM

Quote from: vaxi78 on March 30, 2015, 09:40:20 AM

I have 0.007BTCs balance on my Electrum wallet and when I'm trying to send the funds to blockchain.info address, The Electrum wallet allows me to send only 0.003 BTCs, when I type 0.004 BTCs or more I show the number in red and says "not enough funds". So, anybody knows why this happens or it is more than 50% transaction fee?

What version of Electrum are you running. Can you post a screenshot of the send screen showing the .003 and what fees it is trying to charge you?

I'm using version 2.0.3 of Electrum. The screenshots are attached (first
- when I type "!" to send all funds, second when I'm trying to send 0.004.

https://i.imgur.com/PIgJDYV.jpg?1
https://i.imgur.com/p08nC26.jpg?1

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: vaxi78 on March 30, 2015, 09:40:20 AM

I have 0.007BTCs balance on my Electrum wallet and when I'm trying to send the funds to blockchain.info address, The Electrum wallet allows me to send only 0.003 BTCs, when I type 0.004 BTCs or more I show the number in red and says "not enough funds". So, anybody knows why this happens or it is more than 50% transaction fee?

Faucets are a waste of time because the money received from them cannot be spent without paying an exorbitant transaction fee.

Transaction fee is a function of the number of bytes in a transaction. The more inputs you have the larger the transaction. In your case you have lots of small inputs that you want to spend so your transaction is very large and costs a lot in fees.

Transaction fee is also affected by the age of your inputs. So wait a year or two and the cost of spending those minute amounts of bitcoin will go down because your coins will have "aged".

jbrnt

hero member

Activity: 672

Merit: 500

You can change the default fee in options. What is your default fee now? Is your address full of dust amounts?

jackbox

legendary

Activity: 1246

Merit: 1024

Quote from: vaxi78 on March 30, 2015, 09:40:20 AM

I have 0.007BTCs balance on my Electrum wallet and when I'm trying to send the funds to blockchain.info address, The Electrum wallet allows me to send only 0.003 BTCs, when I type 0.004 BTCs or more I show the number in red and says "not enough funds". So, anybody knows why this happens or it is more than 50% transaction fee?

What version of Electrum are you running. Can you post a screenshot of the send screen showing the .003 and what fees it is trying to charge you?

vaxi78

newbie

Activity: 13

Merit: 0

I have 0.007BTCs balance on my Electrum wallet and when I'm trying to send the funds to blockchain.info address, The Electrum wallet allows me to send only 0.003 BTCs, when I type 0.004 BTCs or more I show the number in red and says "not enough funds". So, anybody knows why this happens or it is more than 50% transaction fee?

Topic: Electrum: 50% commission sending BTCs? (Read 1299 times)