Problems with BTC transactions? | Bitcointalksearch.org

hosseinimr93

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Quote from: Cookdata on September 24, 2024, 11:41:23 AM

There was also no indication that OP use replace by fee feature because not all the wallet enable such by default especially wallet like Blue wallet despite been open source, they don't RBF feature on your transaction.

Bluewallet does support RBF.

Quote from: Cookdata on September 24, 2024, 11:41:23 AM

The best bet is wallet accelerator, viabtc used to work back then but the people that were interacting with Bitcoin ordinals abused the free feature of the accelerator and they took of down.

It has been never possible to use ViaBTC free accelerator for transactions with such low fee. To use ViaBTC free accelerator, your transaction must have the fee rate of at least 10 sat/byte.

Cookdata

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Quote from: h2hbusiness on September 23, 2024, 08:04:07 AM

BTC transaction issues can happen for several reasons, such as low network fees, congestion, or using the wrong address. If your transaction is pending, try increasing the fee with a Replace-by-Fee (RBF) option or waiting until the network clears. Double-check the recipient address to ensure it's correct. For stuck transactions, you might also use a transaction accelerator.

The OP stated clearly that he used a low sats to process the transaction and I can't even remembered the last time the mempool came down to as low as 1 sats/vbytes, it has only roll down to approximately 2sats/vbytes to get transaction included in the block. There was also no indication that OP use replace by fee feature because not all the wallet enable such by default especially wallet like Blue wallet despite been open source, they don't RBF feature on your transaction.

The best bet is wallet accelerator, viabtc used to work back then but the people that were interacting with Bitcoin ordinals abused the free feature of the accelerator and they took of down. Assuming it's a large transaction, I will would have advice him to use the paid service but it's very expensive, there is no point of using accelerator paid service with $10, that's pointless.

avikz

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Thoughts? Ideas? Are my sentiments wrong?

I completely understand the frustration. A lot of Bitcoin Puritans are not going to agree with me, but Bitcoin transactions are really expensive compared to the other payment processors available in the market. Paying 10% as transaction fee is not sustainable. Moreover the transaction is stuck as the network considered the fee is less than required. It is a serious problem of Bitcoin transactions.

Generally if we would like to resolve an issue, we need to recognise the fact, that we have an issue. Unfortunately, Bitcoin Puritans are not ready to accept that.

mcdouglasx

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Thoughts? Ideas? Are my sentiments wrong?

Most (if not all) problems with txs are due to human error, use rbf, if it is not active on your tx you can use another node that allows you to retransmit the tx with a higher fee.

h2hbusiness

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BTC transaction issues can happen for several reasons, such as low network fees, congestion, or using the wrong address. If your transaction is pending, try increasing the fee with a Replace-by-Fee (RBF) option or waiting until the network clears. Double-check the recipient address to ensure it's correct. For stuck transactions, you might also use a transaction accelerator.

stompix

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Quote from: examplens on September 23, 2024, 06:43:23 AM

1sat/vB has not been competitive for a long time, and it is very unlikely that it will ever be again.

Actually, it's pretty likely we will see an empty mempool in a few weeks.
Fees this week dropped in the 1.75 sat/vb, the difficulty adjustment shows a -5% adjustment so we had 100 fewer blocks than normal and the whole mempool can now be cleaned with 92 blocks.
With little incentive to spend as most just hold and the rune hype finally subsides unless anything major happens we might see 1sat/vb in a month or so, of course, if a new wave of jpg monkeys gets traction or something else we're back to 20sat/vb but in my opinion the trend is clearly pointing downwards

Anyhow OP is interested in the purpose as a currency not getting his transaction confirmed otherwise he would have put in practice all the counseling he got last month, so at this point, all this help is unneeded.

examplens

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Quote from: nc50lc on September 23, 2024, 12:47:54 AM

for your transaction to push through, it needs a competitive fee rate which isn't 1sat/vB at the moment.

1sat/vB has not been competitive for a long time, and it is very unlikely that it will ever be again.
It is strange to me that someone makes a custom fee on a transaction at all and chooses the smallest possible number, 1.

otherwise, are there any wallets that by default offer fee customization and are not recommended based on the current mempool?

nc50lc

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Is this the same transaction that you've mentioned in your topic in July?

Quote from: New2024 on September 22, 2024, 03:49:41 PM

-snip- - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through.

Developers do not have any control on which transactions to include to the Bitcoin blockchain or which should be removed from a node's (your node) mempool.

Miners decide which transactions to include to the block that they are mining,
for your transaction to push through, it needs a competitive fee rate which isn't 1sat/vB at the moment.
Refer to my reply to your old thread on how to bump it, current recommendation is 2.5sat/vB which will add about 2200satoshis more to your current fee.
Take note that the "high fee" you're experiencing isn't normally experienced by most Bitcoin users, it's just because you're probably spending a lot of UTXOs from that point-and-click withdrawals which increased that transaction size.

You are in control which transaction to drop from your node's mempool.
In case of wanting to cancel the transaction, you should use "abandon transaction" if it's already dropped from your mempool (should be available after 14days since last broadcast).

BlackBoss_

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Thoughts? Ideas? Are my sentiments wrong?

If you want to get a confirmation now, you can bump your transaction fee. Fortunately, now you can bump it to fee rate like 2 satoshi/vbyte and get a confirmation in a next block. If you want to be stingy, don't want to double your transaction fee, you can try to use fee rates less than 2 satoshi/vbyte but more than 1 satoshi/vbyte, for example 1.5 satoshi/vbyte.

See mempools.
https://jochen-hoenicke.de/queue/#BTC%20(default%20mempool),24h,weight

Opt-in RBF FAQ, What is it used for?

Reatim

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

It’s probably stuck in the mempool because the fee is just too low to be processed. Sid you use any exchange or wallet because they usually have the estimation for the ideal transaction fee for your transaction to go through. I know we want to pay as little as possible but we can’t avoid transaction fees no matter how mcuh we try otherwise we are just not gonna be able to use bitcoin.

Quote

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Aside from bitcoin’s volatility, it’s undeniable that the high transaction fees are one of the things preventing everyone from using bitcoin every day. The transaction fees are too much just to make sure it goes through.

What I want to correct you, though, is that bitcoin is not trying to replace a currency. It is not trying to be fiat. It is a currency of its own that we want to use for everyday transactions but it doesn’t mean we want it to fully replace fiat as that just seems impossible and unrealistic.

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Quote from: hosseinimr93 on September 22, 2024, 03:55:20 PM

What wallet are you using?
Unless your wallet is rebroadcasting your transaction again and again, almost all nodes should have removed it from their mempool and you should be able to make a new transaction easily.

He said in another topic (created two months ago) that he is using bitcoin core.
afaik, bitcoin core creates rbf transactions by default. So, all he has to do is to rbf the transaction to accelerate its confirmation.

nc50lc already explained to him, in details, what he should do to accelerate the transaction or to cancel it. But it seems like OP didn’t read that reply or he just chose to wait for the transaction to get dropped from the mempool.

BitMaxz

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If the transaction was made 3 months ago then it should be already rejected from the mempool. Maybe the wallet you are using is Mycelium it currently has a bug like syncing issue.

If I am right I suggest import your wallet to Electrum and check your funds there.
You can now make a new transaction with Electrum if the BTC you sent 3 months ago was rejected.

Charles-Tim

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

Which also makes me wonder how will BTC ever replace a currency?

Bitcoin is not fiat replacement but an alternative.

Quote from: New2024 on September 22, 2024, 03:49:41 PM

Thoughts? Ideas? Are my sentiments wrong?

You can use lightning network for small amount of bitcoin. You can use Phoenix wallet for it which is very newbie friendly but it will require onchain fee to automatically open a channel for you.

For the issue
Download Electrum and import your BIP39 seed phrase on Electrum. Check if you will see the coin has been dropped from mempool on the history tab. If you do not see the coin, go to network -> server settings to uncheck the sever from automatic and manually be selecting the server one by one and resynchronize the wallet each time you change the server. If you do not still the see coins, you may have to wait for 14 days and do it again. You will see it dropped from mempool by that time.

But before you do that, is the transaction not supporting RBF? Which wallet? If we know the wallet, we can know if the wallet is having RBF. If the wallet is having RBF, you can use it to increase the fee by double spending the coin in a new transaction.

Bitcoin is so much interesting than fiat. But fiat also makes bitcoin interesting.

stompix

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere.

You submitted a transaction:
- recently / 3 months ago
- 10 USD at 1 sat/vb, how large was that tx as it's definitely not a simple tx more like a dozen inputs and outputs at least

Anyhow, it seems like your problem is not with the actual tx as you don't seek help with it but with BTC being used as a currency, then the answer is simple, use LN next time.

Mia Chloe

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Quote from: New2024 on September 22, 2024, 03:49:41 PM

I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Thoughts? Ideas? Are my sentiments wrong?

You can do an RBF if you enabled RBF in the transaction before. or you could do some CPFP if you are simply moving it across your wallets or your receiver wishes to do it. It will take a long while before the transaction is dropped. If you are skeptical if it's RBF or not you can check by putting your transaction hash on the block chain explorer.

I didn't suggest accelerators because they are way expensive.

hosseinimr93

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What wallet are you using?
Unless your wallet is rebroadcasting your transaction again and again, almost all nodes should have removed it from their mempool and you should be able to make a new transaction easily.

Quote from: New2024 on September 22, 2024, 03:49:41 PM

to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC

Bitcoin developers have no control over transactions and also note that unconfirmed transactions are not in the blockchain at all.

New2024

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I recently submitted a single small transaction (less than USD100 worth of bitcoins at today's price) with lower transaction fee at that time (1 satoshi per vB or about USD10 at today's price). Didn't check mempool at that time to see what was the going rate.

Well, it didn't go through and it had been 12 weeks (3 months) and the transaction is still stuck somewhere. It was never returned to me and it was never committed.

Makes me feel like this is not going to work for a business - to hope some developers will pick up the transaction and remove it from the blockchain and return the BTC; or to go ahead and push it through. Which also makes me wonder how will BTC ever replace a currency?

Thoughts? Ideas? Are my sentiments wrong?

Topic: Problems with BTC transactions? (Read 227 times)