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Topic: Fee is larger than transaction now. Bitcoin is broken? - page 2. (Read 1847 times)

full member
Activity: 224
Merit: 100
How much does it cost with 0.0001BTC/KB? If it isn't much you can use https://www.viabtc.com/tools/txaccelerator/ to get it into a block.

Alternatively, you could create a transaction and then write a script to continuously attempt to submit it to the blockchain until it is accepted. Use one of these
https://blockchain.info/pushtx
https://blockr.io/tx/push
https://live.blockcypher.com/btc/pushtx/
That's what I would do.
legendary
Activity: 2786
Merit: 1031
You can try your luck and make a transaction with low fee, but looking at the network right now it will be dropped, just wait until sometime when the network isn't congested.

This morning was ideal for such transaction, there were very few transactions waiting.
newbie
Activity: 5
Merit: 0
Today I wanted to send out the bitcoins that were accumulating on one of my wallets. I was receiving there micropaymants for web ads. Unfortunately I'm not able to send any of it out (a 0.05 in total, not much but still ~50 bucks). I'm using armory and it calculated the fee of over a 1BTC for it (like 20 times greater that the transaction amount!!!). I tried to decrease the transaction but no matter what I do I end up network rejecting my transaction. All the incoming transaction are for 0.0001 or slightly more. The rejected transactions are not very huge, the average looks like thsi:
Transaction: TxHash: 025c0ffe015a8e6a35a9e7bc9018e786194ef0e3a055c7507a38f840f5938902 (BE) Version: 1 nInputs: 3 nOutputs: 2 LockTime: 0 Inputs: PyTxIn: PrevTxHash: f405598c0580cea546c73a9ed5e52347f3a07a3cb4d8b01b50a647f7438458a9 (BE) TxOutIndex: 31 Script: (4830450220019b4a6a32918f3bf72b8e67ec55cb6cd3aa97fc30dc3c8794c2be) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 PyTxIn: PrevTxHash: 86ea39dc35303a47b57689acaa8f96274ff5cc2412bc5e4c254c15ce6bfa1321 (BE) TxOutIndex: 29 Script: (483045022100b29a0b29202e19f2dc651b3ec842a8b72a3d39c3f41d14ee9445) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 PyTxIn: PrevTxHash: dd9da02bbb566681162f9956f6c2d6e47d2d0428098a2c0aba9ba4cb25ddc91e (BE) TxOutIndex: 74 Script: (483045022100aab39ac4adba537d9d441b7f92f11b66554ff2573ba3871a2285) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 Outputs: TxOut: Value: 8780 (8.78e-05) Script: OP_DUP OP_HASH160 (1Dcu2y3eefKRVkJY7JSJeaouRyEnBYaWJt) OP_EQUALVERIFY OP_CHECKSIG TxOut: Value: 53270 (0.0005327) Script: OP_DUP OP_HASH160 (1N7afkxPv9b4CRaTwecqwHisRH7yMUPQvF) OP_EQUALVERIFY OP_CHECKSIG

I think it's already too late for many wallets (like mine) with dozens of 0.0001BTC to get consolidated.
  • How can I keep retrying the transaction? Currently if I try to send it gets rejected very shortly afterwards. (I'm using Armory).
  • It looks like Bitcoin is fundamentaly broken. Miners are ruling and ruining it simultaneously because they have no viable alternative to offset their losses.


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