Help with electrum | Bitcointalksearch.org

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legendary

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Quote from: radiussd on August 06, 2019, 02:54:26 PM

Ive currently got an unconfirmed transaction and it looks like the fee was 2.1 instead of 1.
The recipient is also saying its unconfirmed.

Looks like the mempool size has dropped dramatically since this message was sent... mempool at the time of the message was around 10Megs... (~9-10 blocks worth of transactions)... with a couple of blocks worth of 10+ sats/byte fees...

Since then, it has dropped to 0 several times... I'd be VERY surprised if:
1. The OP's transaction has not confirmed
2. The OP comes back Roll Eyes

Rath_

legendary

Activity: 1876

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Quote from: radiussd on August 06, 2019, 02:54:26 PM

The recipient is also saying its unconfirmed. What now?

You have to wait until the transaction gets confirmed by miners. It might take some time because the current recommended fee is 11 sat/byte. Don't worry, your transaction should be confirmed within few hours.

radiussd

newbie

Activity: 6

Merit: 0

Ive currently got an unconfirmed transaction and it looks like the fee was 2.1 instead of 1.

The recipient is also saying its unconfirmed.

What now?

Pmalek

legendary

Activity: 2730

Merit: 7065

Quote from: hd49728 on August 06, 2019, 08:44:43 AM

Did you see it here (Bitcoin Transaction Fees - Everything in one)?

Nice thread but no I didn't see it there. I am quite sure it was Loyce who mentioned it somewhere in the Bitcoin boards. Maybe in one of his Time to consolidate Bitcoin inputs bumps. Doesn't really matter.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: Pmalek on August 06, 2019, 03:59:27 AM

I think it was Loyce who said in a post somewhere that the best time is in the morning hours and especially during weekends when there are less business and institutional transactions.

Did you see it here (Bitcoin Transaction Fees - Everything in one)?

Quote from: hd49728 on June 10, 2019, 11:14:11 PM

Time zones affect fees
Details below. In general, if you are not hurry, please choose the timezones at which fees usually are low to move your funds.

Quote from: o_e_l_e_o on February 16, 2019, 09:31:53 AM

You can compare the data from this study with the data generated at Johoe's Mempool Statistics page: [url]https://jochen-hoenicke.de/queue/#1,2w[/url]. Here's a random 2 week sample I took from last September (click for full size):

The dates along the bottom are at midnight (00:00) UTC. So you can see from this sample, there is a spike in fees on most days between around 10:00 and 18:00 (when Europe and then later America are awake), at which point they start reducing, and hit a low point around 01:00 - 04:00 UTC. This certainly ties in with the data from OP's study.

It's something I've casually noticed, but never given much though to. But considering it now, I wouldn't have expected such a constant and similar drop given that China has more people than Europe and North America combined.

o_e_l_e_o

legendary

Activity: 2268

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Quote from: Pmalek on August 06, 2019, 03:59:27 AM

I think it was Loyce who said in a post somewhere that the best time is in the morning hours and especially during weekends when there are less business and institutional transactions.

You can look at https://jochen-hoenicke.de/queue/#0,2w over the last 2 weeks (or longer if you prefer) to see pretty clear trends as to when there are big spikes in activity, and when the mempool largely clears out.

Generally speaking, surges in fees occur around 12.00 - 18.00 UTC. After this, they tend to plateau and then decrease, and usually are at a minimum around 01.00 - 07.00 UTC. Obviously the time for you depends on where you live, but if you live in the Americas then evening is going to be cheapest for you, while if you live in Asia then early morning will be better.

Pmalek

legendary

Activity: 2730

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Quote from: tbct_mt2 on August 05, 2019, 10:47:32 PM

There are some perfect time periods to move coins each day with low transaction fees.

I think it was Loyce who said in a post somewhere that the best time is in the morning hours and especially during weekends when there are less business and institutional transactions.

pooya87

legendary

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Quote from: tbct_mt2 on August 05, 2019, 10:47:32 PM

Quote from: Abdussamad on August 05, 2019, 08:15:34 AM

1 sat/byte might result in your transaction getting stuck during high demand times. so you should rely on the slider instead. the further to the left the lower the fee and the slower the confirmation times.

There are some perfect time periods to move coins each day with low transaction fees. At fees at 1 satoshi per byte, you can move it well if mempool is empty (like o_e_l_e_o mentioned). If you do your transactions when fees stay at highs, and you set your fees at 1 satoshi per byte, you will have to wait hours or days to get confirmations, that depends on mempool's emptiness. Your transactions in those cases will be stayed in queued (with priorities for higher-fee transtions, descending to 1-sat-fee transactions, include yours). If you don't want to have nearly instant transaction, just set fee at 1 satoshi and wait.

you should note that "empty" in this context is not a clear term to use since mempool of bitcoin can never be actually empty. it is a term used when people mean "mempool has lower number of transactions". but then one might ask how many is considered "empty"? 1? 1000? 2000?
the answer is in the sum of transaction sizes (weights to be accurate). if that sum is smaller or equal to block weight then you can say paying the minimum is high priority.

tbct_mt2

hero member

Activity: 2366

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Quote from: Abdussamad on August 05, 2019, 08:15:34 AM

1 sat/byte might result in your transaction getting stuck during high demand times. so you should rely on the slider instead. the further to the left the lower the fee and the slower the confirmation times.

There are some perfect time periods to move coins each day with low transaction fees. At fees at 1 satoshi per byte, you can move it well if mempool is empty (like o_e_l_e_o mentioned). If you do your transactions when fees stay at highs, and you set your fees at 1 satoshi per byte, you will have to wait hours or days to get confirmations, that depends on mempool's emptiness. Your transactions in those cases will be stayed in queued (with priorities for higher-fee transtions, descending to 1-sat-fee transactions, include yours). If you don't want to have nearly instant transaction, just set fee at 1 satoshi and wait.

o_e_l_e_o

legendary

Activity: 2268

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Quote from: Abdussamad on August 05, 2019, 08:15:34 AM

the further to the left the lower the fee and the slower the confirmation times.

It's not entirely accurate to say "the lower the fee the slower the confirmation time". This does generally hold true during periods when the mempool is more full, and there are several megabytes worth of transactions with low fees which are being overlooked by miners in favor of transaction with higher fees. In these case, then sure, the lower the fee you set, the longer it will take for your transaction to confirm.

However, in times when the mempool is pretty much empty (as has largely been the case for the past several weeks) then 1 sat/byte transactions are frequently making it in to the next block. In these cases, setting a higher fee won't get you confirmed any faster, and setting a lower fee won't take any longer. Block #588717 earlier today contained a transaction with a fee of 1000 sat/vByte, as well as several with a fee of 1 sat/vByte. The person who paid 1000 sat/vByte massively overpaid for literally zero increase in speed of confirmation.

Abdussamad

legendary

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1 sat/byte might result in your transaction getting stuck during high demand times. so you should rely on the slider instead. the further to the left the lower the fee and the slower the confirmation times.

radiussd

newbie

Activity: 6

Merit: 0

Ok many thanks
Much appreciated

o_e_l_e_o

legendary

Activity: 2268

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Quote from: radiussd on August 04, 2019, 09:56:52 AM

-snip-

That all looks fine to me. Once you complete the rest of the transaction i.e. the "Pay to" box with the receiver's address and the "Amount" box with the amount you wish to send, Electrum will fill in the bottom right box with the final fee. It needs to know who you are sending to and how much you are sending first to accurately calculate the transaction size in bytes.

When you do get round to making the transaction, make sure to check the appropriate fee again, as it could have changed in the meantime. Unless, of course, you don't mind being patient and waiting a while for your transaction to complete, in which case leave the fee at 1 sat/byte to save yourself some money.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: radiussd on August 04, 2019, 09:56:52 AM

Here is the image

So the box circled on the right is left empty until the transaction and it should just take one sat/byte.

The insert image is not working for me. I tried Imgur.
All it is doing is posting the link.

https://imgur.com/a/7sIOOmI

I appreciate your help.

Imgur still isnt working.
https://talkimg.com/images/2023/05/14/blob5396d79c569b8256.jpeg

That's because this will only appear when you put the amount and address you want to send the coins to (when you are actually making a transaction). Otherwise, Electrum doesn't know the size of your transaction so it can't calculate the final fee ( 1 say/byte X ?? bytes = ??).
Only putting 1 sat/byte in the left box while leaving every other field empty isn't going to do anything.

Your images don't show up because you are still a Newbie.

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Only the second image is displayed (if I look at it in your post history). Did you choose right link - BBcode (for forums) as I suggested, for your first image?
Basically, you are not able to post and display image as Newbie. You need to be a Junior Member, at least to display images. Or you have to buy a Copper Membership.

Quote from: radiussd on August 04, 2019, 09:56:52 AM

[ ... ]

I edited my thread with this part, which will help you to get out of mess.

Quote from: hd49728 on June 10, 2019, 11:14:11 PM

Choosing the address you want to send your bitcoin from that, for example, I have an address that have 0.00125 BTC in total; I click on Max button (only do this if you have small amount of bitcoin in that address); then type fee (at 1 satoshi/ byte); I can see total available bitcoin to send after subtracting fees is at 0.0012489 BTC

Now, what if with the same address, same amount of bitcoin, how many bitcoin will be availble to send if I set fee at 100 satoshis/ byte. Only 0.00114 BTC will be left to send. Please look at it:

radiussd

newbie

Activity: 6

Merit: 0

Here is the image

So the box circled on the right is left empty until the transaction and it should just take one sat/byte.

The insert image is not working for me. I tried Imgur.
All it is doing is posting the link.

https://imgur.com/a/7sIOOmI

I appreciate your help.

Imgur still isnt working.
https://i.imgur.com/lbpWjVg.jpg

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

Quote from: TryNinja on August 04, 2019, 09:41:55 AM

Pic is missing. Upload it to an online image host like Imgur.

OP should know one more thing, with Imgur (if he/she uses it to upload images).
After uploading image, click on ... icon that the top right corner of uploaded image > Get share links > BBCode (Forums) - Choosing this one.

TryNinja

legendary

Activity: 2758

Merit: 6830

Quote from: radiussd on August 04, 2019, 09:40:02 AM

Do I leave the box right of x 226 = empty?

That's the total fee. It should change automatically to the fee that is going to be used when you change the first box (sat/byte).
Example: 1 sat/byte X 226 (bytes) = 0.00000226 BTC (226 satoshis).

Quote from: radiussd on August 04, 2019, 09:40:02 AM

https://photos.google.com/search/_tra_/photo/AF1QipOqJ2qlfZThp-4hL4tzSjF70f6GtL9ZTmxN1ne5

Pic is missing. Upload it to an online image host like Imgur.

radiussd

newbie

Activity: 6

Merit: 0

Thanks alot for the help!

I changed it to 1 sat/byte.

Do I leave the box right of x 226 = empty?

https://photos.google.com/search/_tra_/photo/AF1QipOqJ2qlfZThp-4hL4tzSjF70f6GtL9ZTmxN1ne5

hd49728

legendary

Activity: 2044

Merit: 1018

Not your keys, not your coins!

About bitcoin transaction fees, you can read more here:
Bitcoin Transaction Fees - Everything in one
You have to change option in your wallet with these steps:
Tools > Preferences > Fees > Edit fees manually (you have to tick to this option).
Images below show those steps. After that, you can edit fees when you make your transactions.
I always consolidate my bitcoin at 1 satoshi/ byte. It takes time, but it help me to save precious satoshis.

Quote from: hd49728 on June 10, 2019, 11:14:11 PM

In addition, applying guides of LoyceV to move your coins when network provides you great chance to move funds around with low fees.
[MAY 2019] Fees are low, use this opportunity to Consolidate your small inputs!
I added some images to visually describe how to enable manually editing fees feature and how to manually set fees:

o_e_l_e_o

legendary

Activity: 2268

Merit: 18771

Quote from: radiussd on August 04, 2019, 07:54:46 AM

Does electrum have a transaction fee that I have to include?

All bitcoin transactions require a fee to process them. In Electrum, on the "Send" tab, there is a slider next to the word fee. For full control over the fee, you should click on "Tools", "Preferences", and tick the box "Edit fees manually".

Quote from: radiussd on August 04, 2019, 07:54:46 AM

Is the fee 0.2?

The fee is whatever you want it to be. The fee is calculated in sat/byte. Sat stands for satoshi, which is 0.00000001 BTC, or one hundred millionth of a bitcoin. Byte is the size of your transaction in bytes. This is based on the number and type of inputs and outputs in your transaction, and has nothing to do with monetary value of your transaction.

The fee is dynamic, and what constitutes an appropriate fee changes as the network is more or less busy. An easy way to see a recommended fee is to use the following site: https://www.coinb.in/#fees. You can ignore all the complicated sliders if you like and just read the text at the bottom of the blue box, which currently states "1 Sat/Byte".

Quote from: radiussd on August 04, 2019, 07:54:46 AM

I would have to send 0.0092 to cover the fee?

No. In the "Amount" box on Electrum, you should only enter the amount you want to receiver to receive. Do not include the fee in this box. If you want to send someone 0.009 BTC, then you should enter 0.009. The fee is calculated and automatically added on by whatever you enter in the "Fee" box, which at present, should be "1".

Little Mouse

legendary

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Marketing Campaign Manager |Telegram ID- @LT_Mouse

Quote from: radiussd on August 04, 2019, 07:54:46 AM

Thanks for the help its looking much clearer now.

Does electrum have a transaction fee that I have to include?

Is the fee 0.2?

Does that mean if I needed to send 0.009 -

I would have to send 0.0092 to cover the fee?

It depends on you. You can choose 1 sat per byte and more as well. If you want a faster transaction, you can use more fee. Check this site to get an idea- https://bitcoinfees.info
Right now, 2 satoshi per byte will give you a faster confirmation, within next 2-3 hours, you will get confirmed.

radiussd

newbie

Activity: 6

Merit: 0

Thanks for the help its looking much clearer now.

Does electrum have a transaction fee that I have to include?

Is the fee 0.2?

Does that mean if I needed to send 0.009 -

I would have to send 0.0092 to cover the fee?

tbct_mt2

hero member

Activity: 2366

Merit: 838

OP can get more details on differences between units, here: https://www.btcsatoshi.com/

Quote

Predefined Values:
Click the Satoshi value below to use that value above.
1 Satoshi    = 0.00000001 ฿
10 Satoshi    = 0.00000010 ฿
100 Satoshi    = 0.00000100 ฿    = 1 Bit / μBTC (you-bit)
1,000 Satoshi    = 0.00001000 ฿
10,000 Satoshi    = 0.00010000 ฿
100,000 Satoshi    = 0.00100000 ฿    = 1 mBTC (em-bit)
1,000,000 Satoshi    = 0.01000000 ฿    = 1 cBTC (bitcent)
10,000,000 Satoshi    = 0.10000000 ฿
100,000,000 Satoshi    = 1.00000000 ฿

For more convenience, you can visit that site, and use its tool to convert satoshi units to bitcoin.
https://www.cryps.info/en/Satoshi_to_BTC/
However, I think modify wallet option to display balance in bitcoin is the most convenient.

bL4nkcode

copper member

Activity: 2142

Merit: 1305

Limited in number. Limitless in potential.

Probably you're seeing different base unit in electrum which is mBTC, as for you know 10.608 mBTC is 0.010608 BTC. Enable you to understand on how much you will send in BTC, you have to change your base unit from mbTC to BTC.
Go to Tools -> Preferences -> General, under base unit choose BTC instead of mBTC.

radiussd

newbie

Activity: 6

Merit: 0

I purchased 100GBP of bitcoin and it turns up as 0.0106087 BTC Huh

My wallet shows 10.6087 instead of 0.0106087
If I was paying 0.009BTC would I enter it as 0.009 or 9.0?

My receiver is asking to receive 0.009BTC

However my wallet which is electrum shows the funds up as
10.6087

What numbers do I enter to send?
Will I just type in 0.009 and send it as that?

I am confused because one is 0.0106087, one is 0.009BTC
But the wallet turns up as 10.6087 and im not sure if I should do
9.0 or 0.009 wont they be different. Huh

Topic: Help with electrum (Read 381 times)