I tried sending with zero fees, lesson learned!

ratty

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Quote from: nahtnam on September 18, 2013, 11:08:24 AM

Coinbase does allow you to import/export private keys, its just "hidden"... If you go under Paper Wallets, I believe you can import and export keys...

I couldn't find the option, I clicked on every menu. What menu is it under?
But I found this:
http://support.coinbase.com/customer/portal/questions/695389-backup
http://blog.coinbase.com/post/33197656699/coinbase-now-storing-87-of-customer-funds-offline
Unless that is out of date, they don't just leave the funds in any of the addresses you see in your account, so it would be futile to try getting the private keys of any of your addresses anyway. I can see advantages to doing it that way, but you have to trust coinbase like you would a bank, and I'd prefer to be responsible for my own coins. They are by far the best for buying and selling bitcoins, but I will always send my coins to one of my own wallets right after.

hoewer4what

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Quote from: nahtnam on September 18, 2013, 07:01:08 PM

Quote from: brotz on September 18, 2013, 04:50:58 PM

I always send without fee.
No problem.

http://blockchain.info/tx/9d9a02da6ef3ffd8eb7ad9dfe5c2de59dfae0f9cd936fad296a4a985aaf21cbe

Same here... When I used blockchain a while ago, 0 fees didn't take too long... Now I just use coinbase to get everything confirmed really fast, and still not pay a penny!

It works for bigger sums like 1BTC, but not for micropayments

nahtnam

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Quote from: brotz on September 18, 2013, 04:50:58 PM

I always send without fee.
No problem.

http://blockchain.info/tx/9d9a02da6ef3ffd8eb7ad9dfe5c2de59dfae0f9cd936fad296a4a985aaf21cbe

Same here... When I used blockchain a while ago, 0 fees didn't take too long... Now I just use coinbase to get everything confirmed really fast, and still not pay a penny!

brotz

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I always send without fee.
No problem.

http://blockchain.info/tx/9d9a02da6ef3ffd8eb7ad9dfe5c2de59dfae0f9cd936fad296a4a985aaf21cbe

Steve1981

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Quote from: Speakeron on September 12, 2013, 12:42:05 PM

A zero-fee transaction will still get confirmed, although it may take a day or so.

How long a zero-fee transactions will be working in future?
I heard that when fee for finding block will be too low, miners will be earn money form transactions.

nahtnam

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Quote from: ratty on September 18, 2013, 01:10:13 AM

Wow, people waiting for 2 weeks, thats crazy! Its got to time out eventually doesn't it? Is there any horror stories of a transaction being stuck for months with no way to make it stop looping between peers?

Coinbase pays the transaction fees? That is really cool of them. I love coinbase for buying and selling coins, but I would not want to use them for a wallet. They don't let you have the private keys, so if they disappear, I can't get at my coins. To me the exciting thing about bitcoin is that you can be your own bank, so I'm not just going to be OK with an online wallet that doesn't let me stay in control. If they are concerned with people scamming them by selling coins, then simultaneously transferring the funds into another address, all they would have to do is make it wait to verify the coins are transferred before giving you USD.
I love blockchain.info the best as far as online wallets go.
Oh dang, I'm getting really off topic, sorry about that.

Coinbase does allow you to import/export private keys, its just "hidden"... If you go under Paper Wallets, I believe you can import and export keys...

zendantom

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Quote from: marcovaldo on September 17, 2013, 05:19:25 PM

I have still some transactions stuck for 3 weeks Sad

Do you even expect these gets included in a block later ?

sasuke234

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yup never send without fee

ratty

sr. member

Activity: 261

Merit: 250

Wow, people waiting for 2 weeks, thats crazy! Its got to time out eventually doesn't it? Is there any horror stories of a transaction being stuck for months with no way to make it stop looping between peers?

Coinbase pays the transaction fees? That is really cool of them. I love coinbase for buying and selling coins, but I would not want to use them for a wallet. They don't let you have the private keys, so if they disappear, I can't get at my coins. To me the exciting thing about bitcoin is that you can be your own bank, so I'm not just going to be OK with an online wallet that doesn't let me stay in control. If they are concerned with people scamming them by selling coins, then simultaneously transferring the funds into another address, all they would have to do is make it wait to verify the coins are transferred before giving you USD.
I love blockchain.info the best as far as online wallets go.
Oh dang, I'm getting really off topic, sorry about that.

nahtnam

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I always use 0.0005,but the good thing is that coinbase pays that for me!

kravits88

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Always pretty quick for me.
Didn't know about smaller transactions taking longer.
I would be concerned hacking it to make the transaction faster.
I never need my bitcoin instantly anyway.

william_

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My transactions have always been pretty quick, even though I never use fees... I don't really know why. I don't think they've ever been more than a few hours, certainly always within the day.

I usually only send 0.5-10 BTC transactions or so. I don't think bitcoin is very good for micropayments, I guess; if I'm paying for a service or something, I just pay for longer in advance / group the payment with other payments.

I've never used a blockchain wallet though, but I used to use other wallet services (all defunct now I believe).

marcovaldo

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I have still some transactions stuck for 3 weeks Sad

brotz

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Quote from: jeffm on September 12, 2013, 08:20:07 PM

Yikes! I don't understand the size/age calculation to determine if the client will include the trans in a block.

It goes (btc in satoshi*confirmation)/size in byte > 57600000

So if you want to send 10btc with a standard sized transaction of 250 bytes:
1000000000*x/250> 57600000

--> x > 14.4

So you will need at least 15 confirmations to send 10 btc for free with fast confirmation.

If you send small amount like 0.001btc:
100000*x/250> 57600000

--> x > 144000

This is why it takes forever for small transactions to confirm.

greyhawk

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No need to try it. Just scroll to the end of the unconfirmed transactions list when blockchain.info is back up and you can see all the transactions sitting there for days on end not being touched.

Speakeron

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Quote from: fciacio on September 12, 2013, 07:01:18 PM

In fact, it could take more than a day... According to what i have read, it could actually take even more than 3 days to be fully processed.

Indeed it could. But as well as reading about it, you could actually try it. The last transaction I sent with zero-fee was clearing out a mtgox account of about 1 BTC a couple of weeks ago; it took 26 hours to make it into a block. Of course 'fully processed', I presume, is six blocks which is going to happen automatically after the first block and only depends on block-solving variance (which affects everyone and should normally be complete in about an hour).

shuttleclock

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So far I have never been able to send something with zero fee with blockhain.info wallet.
Let alone zero fee, even when I add frugal fees (0.1 mBTC / 1000 bytes), it was never being confirmed and eventually be reversed back..

crazynoggin

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I sent something with a 0.0001 fee a while back and almost two weeks later it still hasnt confirmed haha. Send each transaction with at least a 0.0002 fee. Lesson learned myself.

jeffm

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Yikes! I don't understand the size/age calculation to determine if the client will include the trans in a block.

fciacio

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Quote from: Speakeron on September 12, 2013, 12:42:05 PM

A zero-fee transaction will still get confirmed, although it may take a day or so. Although this is certainly longer than it used be as mining gets more commercialized, this really shouldn't be the case since the 25BTC reward overwhelms current transaction fees so miners shouldn't care. It's anyway a good habit to give a fee because this is the only way Bitcoin can work long term.

In fact, it could take more than a day... According to what i have read, it could actually take even more than 3 days to be fully processed.

Topic: I tried sending with zero fees, lesson learned! (Read 2004 times)