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Topic: I tried sending with zero fees, lesson learned! - page 2. (Read 2059 times)

sr. member
Activity: 261
Merit: 250
I'll be giving a fee from now on.
I had read in some places that transactions can just loop around forever, since there's no timestamp in the data, a given peer will timeout a transaction, then receive the same transaction from another peer and not know it has already seen it. That can't be true though unless someone can point to a transaction that has looped for a long time, so I'm considering it heresay for now. So there must be something in place to eventually process zero fee transactions?
newbie
Activity: 3
Merit: 0
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.

Yes this is true.  As the reward continues getting halved, the built in rewards of the system will go down.  These fees will be where the source of mining income comes from when all of the bitcoins have been mined.
newbie
Activity: 47
Merit: 0
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.
newbie
Activity: 36
Merit: 0
Fortunately to speed up the transaction amount is extremely small, so I allways set a fee.
Otherwise I do not have time to wait so that small fee doesn't seams like a problem  Smiley
I was wondering how long transaction will take to go without adding fee.
Now I see that this is very looong period Shocked
vip
Activity: 756
Merit: 503
You should not send without fees. The transaction will be lost in cyberspace, or something like that.
It will eventually get confirmed or the transaction will expire but the bitcoins will never disappear.

what will happen if the transaction will expire and how much time does it going to take for the transaction to expire Huh
I don't know how much time it takes to expire but then it's like the transaction never existed. The bitcoins will be patiently waiting in the sending wallet.
hero member
Activity: 935
Merit: 1002
You should not send without fees. The transaction will be lost in cyberspace, or something like that.
It will eventually get confirmed or the transaction will expire but the bitcoins will never disappear.

what will happen if the transaction will expire and how much time does it going to take for the transaction to expire Huh
vip
Activity: 756
Merit: 503
You should not send without fees. The transaction will be lost in cyberspace, or something like that.
It will eventually get confirmed or the transaction will expire but the bitcoins will never disappear.
b!z
legendary
Activity: 1582
Merit: 1010
You should not send without fees. The transaction will be lost in cyberspace, or something like that.
sr. member
Activity: 350
Merit: 250
You should have waited, it would have confirmed sooner or later ...
newbie
Activity: 26
Merit: 0
yep, happened the same to me, i just waited and it worked out on its own.
then i realized i didn't want to pay a minimal fee, compared to all other services...
sr. member
Activity: 261
Merit: 250
I used blockchain.info and selected "Frugal" for fees, and its been over a day and the transaction is stuck. I accept responsibility for my mistake, I surely won't be doing that again!
Anyway, I'm trying to unstuck the coins, I tried this:
http://bitcoin.stackexchange.com/questions/570/is-there-a-way-to-undo-transactions-with-a-too-low-fee/2415#2415
But now I think I made it worse, now neither transaction is getting confirmed, and blockchain.info's block explorer says I'm a dirty doublespender and people should watch out for me. Sad

https://blockchain.info/tx-index/88939498 first try, where I sent with no fee
https://blockchain.info/tx-index/88838625 second try, where I hacked the old transaction out of my wallet and tried sending it with a fee this time

So, anyone out there have any advice for me? Do I just have to wait 3 days? Obviously I learned my lesson and will never try sending with "Frugal" again.

update: and... I guess I just had to wait, I kinda freaked out a little because a full day had gone by. I guess zero fee transactions can really just always go through and its just a matter of time?
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