How to use Replaceable Fee? | Bitcointalksearch.org

Abdussamad

legendary

Activity: 3710

Merit: 1586

Quote from: Trixterx on May 26, 2017, 07:50:38 AM

Hello guys, i transffered all my coins into electrum from multibit Hd after i got many errors with multibit that didn't recognise the password and i could recover the wallet only with secret words. The problem is now Electrum tells me the fee is low and i tried the child pay for parent option trying few servers already and after i sign confirming the password and 2FA auth, it gets me all the time error: 402. Tell me what can i do? I picked 10 blocks confirmation but i get error:402 HTTP required payment all the time, need help.

This is a problem with the trustedcoin 2fa service. Another thread about it here:

https://bitcointalksearch.org/topic/raise-fee-on-electrum-2fa-wallet-1931150

Their webserver is generating this error. ~~It means the server is overloaded or down for maintenance.~~ You should wait a while and try again. If it doesn't fix itself then raise an issue on github:

https://github.com/spesmilo/electrum/issues

Trixterx

newbie

Activity: 3

Merit: 0

Hello guys, i transffered all my coins into electrum from multibit Hd after i got many errors with multibit that didn't recognise the password and i could recover the wallet only with secret words. The problem is now Electrum tells me the fee is low and i tried the child pay for parent option trying few servers already and after i sign confirming the password and 2FA auth, it gets me all the time error: 402. Tell me what can i do? I picked 10 blocks confirmation but i get error:402 HTTP required payment all the time, need help.

longbob72

hero member

Activity: 574

Merit: 503

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Tools > Preferences > Fees > Enable Replace-by-Fee. And tick "Replaceable" when you're sending.
The transactions you sent this way will be marked as replaceable, you can increase the fee by right-clicking and choose "Increase fee". You can mark a transaction as final when increasing the fee, doing this will make you unable to increase the fee again (after you broadcasted the "final" transaction).

Quote from: racezefi on November 07, 2016, 04:17:30 PM

Bump, I'd like to see this too.

If you don't mark the transaction as replaceable, there's no way to do it afterwards?
What about just sending a transaction with a higher fee from the same inputs?

1. No way to do it.
2. That's what it does. The fee will be subtracted from one of the outputs. So if you want to increase a fee from 0.1 transaction with 0.1001 input, 0.1 output, and 0.0001 fee by 0.0001, the output will become 0.0999.
Not sure if that's still the case if you still have unused input(s) though.

racezefi

member

Activity: 80

Merit: 14

Bump, I'd like to see this too.

If you don't mark the transaction as replaceable, there's no way to do it afterwards?
What about just sending a transaction with a higher fee from the same inputs?

japerry

sr. member

Activity: 306

Merit: 250

I'm running Electrum 2.7.11 on Windows 7 with a Ledger HW.1 hardware wallet.

I see that when you send BTC with Electrum that you have the option to mark the transaction to support a "replaceable fee". The help box says that you can resend the transaction with a higher fee in the event that the original transaction fee is too low.

How exactly does one use this feature under Electrum? I understand what a "replaceable fee" is and why you would choose to use it. I'm specifically asking what the steps would be with Electrum to "re-start" a transaction?

Can someone provide a "cookbook" example on how to use this feature?

Thanks!

Topic: How to use Replaceable Fee? (Read 6678 times)