Topic: Help with Bitcoin Core Transaction - page 2. (Read 597 times)

You won't be able to use a standard RBF unless you have additional funds in your wallet you can use to bump the fee, and the abandon transaction button won't work until the transaction is dropped from the mempool. You have three options going forward.

1 - Transfer additional bitcoin in to your wallet so you can use a standard RBF.
2 - Wait for the transaction to drop from the mempool, abandon it, and then create a new one.
3 - Start Bitcoin Core using the option -zapwallettxes to remove the transaction, then create a new one spending all the same inputs, but with a smaller output and a higher fee. I would back up your wallet file before doing this.

Just an "oops" we couldn't find what you were looking for link.

I think it's time I do something about this transaction.

I hate a look at RBF in bitcoin core but as this transaction leaves my wallet empty it wont let me do that.

The abandon transaction option is greyed out as well.

So any advice on what to do and how to do it would be great!

No. It's 9 days old and other block explorers see it.
I've found it on chainflyer.bitflyer.jp and sochain.com
Also whoever wants can easily re-broadcast it.

Actually I've just re-checked and possibly that has already happened. First I didn't see the tx on blockchair and now it works.

Yeah, looks like we managed to clear about 9 MB of 1 sat/vbyte transactions, from around 33 MB to down to 24 MB, before the mempool started filling up again. With the ongoing price ridiculousness (just breached $28k!), looks like the mempool is starting to fill again. I suspect your transaction will drop before it is confirmed.

That link is working fine for me. What do you see when you click on it? I can also still see your transaction on a number of other block explorers, so it doesn't look like it's been dropped from any mempools yet.

Morning all!

So I'm still languishing in the mempool, with a lot of other low fee transactions by the looks of things.

Is the fact this link https://blockchair.com/bitcoin/transaction/ecb4d354df52519538a47f930e5b715a097c07fa4863b06a2eaa74d253f50f58 isn't working something to worry about?

You could abandon the transaction and create a new one with only some of the bigger inputs once it drops out of mempool.

Haha, well... I'll give it another weekend at least

And now the number of unconfirmed transactions has spiked again and is over 40,000... with the associated increase in fees. I hope you brought a change of clothes, it's going to be a long wait

Over the weekend I was 4000 ish of 5000, I was referring to the number of transactions dropping to 5k being close.

I get how it works

You're #19218 out of 20120 waiting transactions. I think your interpretation was the opposite.

Not sure if I understood you correctly, but that shows that your tx is placed nearly at the end of the priority list. My guess is that it would probably get confirmed on the weekend if you're lucky and there's no spike on the mempool.

Looking at this https://blockchair.com/bitcoin/transaction/ecb4d354df52519538a47f930e5b715a097c07fa4863b06a2eaa74d253f50f58 I think I got close if priority is anything to go by... just going to sit tight and be patient I guess!

Unfortunately, the average mempool size rose higher since you've posted. If it's at least 2sat/vB, it would've been mined by now.
Wish you luck.

Watching https://core.jochen-hoenicke.de/queue/#0,24h has become a new bad habit!

Perhaps tonight the transaction will confirm!

IIRC the payouts were automatic, there wasn't a withdraw option.

Good point about Christmas, Chinese New Year it is then

I'm in no particular hurry!

It's obviously far too late to do anything about these outputs now, but if you are still involved in mining then you should wait until you have accumulated a much larger mining reward before withdrawing. Once a week or a couple of times a month is far more appropriate than daily.

Not necessarily. The period surrounding Christmas in previous years hasn't shown any noticeable change to whatever the mempool was doing at the time - if it was empty it remained empty, if it was full it remained full. Since unlike stocks, bitcoin is tradable 24/7/365, and large amounts of volume come from places like China which only have a very small Christian population, then commonly observed holidays in America and Europe often don't make any difference to the mempool.

The mempool has fallen from about 62 MB to about 42 MB in the last 24 hours, and I would expect it to fall a bit more over the coming 24 hours, but with the ongoing price surge in bitcoin it is unlikely the mempool will clear down to as low as 1 sat/vbyte for the foreseeable future. You could bump the fee up to 10-15 sats/vbyte or so (which would be in the region of $35-50) and that might get you confirmed over the weekend, but it could also mean paying 10x the fee and still having to wait a week or more anyway. To be reasonably sure of getting confirmed today you are probably looking at a fee of 50 sats/vbyte, which is almost $200. If it were me I would just wait.

Back in the day I spent $100 on Genesis Mining, got paid into my wallet like that pretty much daily.

I'm with you that it's worth waiting as I imagine the mempool will clear over Christmas!

You're right, I forgot about that. There's the current values:

The rest of the story stays the same

So it's not quite as bad as your picture makes it out to be. The USD value showed in that picture is based on the price of the coins when OP received then, which was generally back in 2016. Those 10 cent outputs are now worth around $4.

While this is obviously true, it is probably not the most important thing for OP to focus on. Reducing the number of inputs he is using will provide a far greater fee saving than switching 100 inputs from Legacy to SegWit.

Two suggestions for OP:

• These coins have sat dormant for 4 years. They can sit dormant for another few days until the mempool empties down to 1 sat/vbyte. Just be patient, otherwise you will lose hundreds of dollars worth of BTC in fees.
• Stop accepting such small outputs. I don't know where you were withdrawing such small amounts of coins from at the time (I assume faucets because the majority of exchanges, casinos, etc. have a minimum withdrawal amount), but it makes far more sense to wait until you have a reasonable amount of bitcoin and then withdraw it all at once. If you were spending 1 input here rather than 100, your transaction could have confirmed in minutes for a fraction of the fee you are paying.

You've been collecting Bitcoin dust. This isn't the moment to consolidate 15,000 bytes of small inputs. If you really want to make a transaction now, you should first Enable coin control features in Bitcoin Core Settings, then select Inputs on the Send tab, sort them by Amount, and manually choose the highest inputs only.

Look at these inputs:

I've set it to show USD instead of BTC because it's easier to see low amounts. The 17.06 USD and 33.27 USD are perfectly fine to send right now. If you select those, you pay a reasonable fee.
However, all those inputs less than a dollar can easily eat up more in fees than they're worth. So leave them out, or select them in a separate transaction that will consolidate maybe even weeks later (as long as Bitcoin Core keeps broadcasting the transaction).

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In the future, if possible: switch to using a Bech32 Segwit address (the one starting with bcq1). It reduces your sending fees.

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Lol
Just so you know: after you've secured your Bitcoin, you also own about $22 worth of Forkcoins. Getting them is a bit above n00b level though, and you shouldn't try to get them before all your Bitcoins are confirmed on a new address.