Transaction is pending because fee was too low, now what

CryptSafe

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Quote from: Coyster on December 23, 2023, 01:19:34 PM

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open.

There isn't anything inherently wrong with Bluewallet, it is a very good, open source Bitcoin wallet and i suspect the problem you are having stems from your device. If it was a general problem, we would have seen so many people complaining about the same thing, thus i think the reason why the application crashes is a problem from your device.

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one

Bluewallet is already compatible with mobile devices (both Android and IOS). BTW, what device are you using? Maybe you can try downloading Bluewallet on a different device to see if the same thing happens.

I downloaded the bluewallet app on my phone and it was fine. Opening it is were the issue lies. Sometimes it opens sometimes it doesn't and sometimes it opens and crashes. Possibly there should be an upgraded version of the App but when I checked google playstore to see if there is an update but no such update as I have expected.
OPPO is strong and sophisticated enough to be compatible with bluewallet app. I think bluewallet app would have to upgrade as this might possibly be a bug on their application.

Faisal2202

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Quote from: Hamza2424 on December 22, 2023, 03:17:34 PM

Well, that's not anything most people rely on the information they obtain from a single source and they don't cross-check the legitimacy of the basic concepts because they themselves idealize the information in their imagination but at the end of the day when they encounter the truth explanation they find whatever they were idealizing was in a wrong direction. I've faced such situations many times especially when I was encountering a few metaverse-related discussions.

You are right, and my idealizing was to say miners are the ones who can validate our transactions. Even though I have read a lot of articles and written many, I didn't know this minor difference between validators and miners. I am starting to think about how I got this far without knowing it. I guess luck was with me, haha. Well, I think I should also work on rechecking my idealizations about various topics, but to be honest, this is not the first time I am being corrected here on BTT.

I was wrong about many things and corrected by many members, and till now I have learned a lot, so maybe that's why I did not try to learn things on my own but tried to learn things by making mistakes, which I should avoid doing. As you know, sometimes I am bashed by members too.

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Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open.

There isn't anything inherently wrong with Bluewallet, it is a very good, open source Bitcoin wallet and i suspect the problem you are having stems from your device. If it was a general problem, we would have seen so many people complaining about the same thing, thus i think the reason why the application crashes is a problem from your device.

Quote from: CryptSafe on December 22, 2023, 03:39:26 PM

I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one

Bluewallet is already compatible with mobile devices (both Android and IOS). BTW, what device are you using? Maybe you can try downloading Bluewallet on a different device to see if the same thing happens.

Faisal2202

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Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

Any node is connected to some other nodes.
Once you broadcast your transaction-cut-

Yeah, Understood.

Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

You pay the fee to miners, -cut-

Understood.

Quote from: hosseinimr93 on December 22, 2023, 03:49:46 PM

Yes, anyone has your address can check all your transactions.

Assume that you don't run your own node and you are using a SPV wallet like electrum.
Whenever you open your wallet, electrum sends all the generated addresses to a server. The server can know that all those addresses are owned by the same person.
If you connect to the server with your real IP address, the server can link all those addresses to your IP address.

Now I understand what privacy you were talking about. Thanks for the clarification. I fully understand the basics and the benefits of running the node as a validator. It is really a good thing for those who want to remain hidden, the statement that I made about mixers going down or being of no use, but if this is the case, then mixers are still needed.

PS: Thanks for your help; it really matters. I hope I have some merits to appreciate you but unfortunately I lack some now.

Gormicsta

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Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

If a miner include an invalid transaction, the block will be rejected by nodes.

Yes, it is correct! When this occurs, it's referred to as a "reorg" or "reorganization". In essence, the nodes will disregard the block containing the illegal or invalid transaction and instead build on the subsequent legitimate/valid block in the chain. As a result, miners must exercise extreme caution when selecting which transactions to include in their blocks because doing so will waste their time and resources on invalid transactions. Miners who include invalid transactions will have a disadvantage in comparison to those who go by the rules, much like in a natural selection process.

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Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right?

Any node is connected to some other nodes.
Once you broadcast your transaction, it's relayed to some other nodes and finally almost all nodes (including mining pools' nodes) will have your transaction in their mempool.

Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee?

You pay the fee to miners, so that they include your transaction in the blockchain.
Not that it doesn't matter whether you are owning your node or you are using a SPV wallet. You have to pay the transaction fee.

Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Yes, anyone has your address can check all your transactions.

Assume that you don't run your own node and you are using a SPV wallet like electrum.
Whenever you open your wallet, electrum sends all the generated addresses to a server. The server can know that all those addresses are owned by the same person.
If you connect to the server with your real IP address, the server can link all those addresses to your IP address.

CryptSafe

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Quote from: AbuBhakar on December 17, 2023, 10:54:45 AM

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many vbytes my transaction is?

Do you use Bluewallet because I only experience this on bluewallet whenever I open it while my data is still not on then load the wallet.

I am still sceptical of this blue wallet. I downloaded the Blue Wallet app on my Android phone, but it keeps crashing. On several occasions, I opened the wallet and imported my keys and after doing that, it is expected that it would remain there, imported as already done but the reverse is always the case as I keep importing and in some instances, the app does not open. I think the developer needs to look into it for an update or phone compartibility because my gadget is a sophisticated one and as a matter of fact I have other sophisticated wallet stronger than the bluewallet so why is the bluewallet being abnormal.

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Quote from: Faisal2202 on December 22, 2023, 02:22:24 PM

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

Well, that's not anything most people rely on the information they obtain from a single source and they don't cross-check the legitimacy of the basic concepts because they themselves idealize the information in their imagination but at the end of the day when they encounter the truth explanation they find whatever they were idealizing was in a wrong direction. I've faced such situations many times especially when I was encountering a few metaverse-related discussions.

AFAIK it was not on the forum you can imagine the reaction haha, anyway after a couple of incidents I did a recheck on every concept was idealizing by myself without any authentic reference. TBH after interaction with the recurrent topic the adoption of new ideas seems like lost in mess.

Faisal2202

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Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

This is a big use of validating transactions like it means we don't need mixers anymore, as no one would see our data, well, just to clear things out, if a user made a transaction and broadcasted it using its own node, then it will be sent to other nodes of the network for verification right? and when we broadcast our transaction, we pay the fee? and to whom? or we save a fee? (just asking, if you feel like I am being way more dumb then You can ignore this reply, but I hope you will not Grin

) And another question is, if someone has our address then he can still use that address on explorers to check our data right? then what type of privacy does it provide us?

Quote from: hosseinimr93 on December 22, 2023, 10:08:22 AM

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

Thanks for this information and thanks for every information you have given to me, I am feeling like a newbie which I am it is just I never tried to learn these things, I thought I couldn't be a miner so why spend time on it. I guess I was wrong, I should have learned these basic things.

hosseinimr93

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Quote from: Faisal2202 on December 22, 2023, 09:34:37 AM

what those nodes are getting?

Nodes don't earn anything for validating transactions.

With running your own node and help the network to be more decentralized. The other advantage is that if you run your own node, you wouldn't rely on third parties for checking your balance and transactions history and you can broadcast your transactions by yourself and in this way, you can protect your privacy.

Quote from: Faisal2202 on December 22, 2023, 09:34:37 AM

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block.

Right, but just to be more accurate:
Miners don't have to receive transactions from nodes. It's possible that a miner include their own transactions to the blockchain or they receive a transaction directly.
If a miner include an invalid transaction, the block will be rejected by nodes.

Faisal2202

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Quote from: hosseinimr93 on December 21, 2023, 03:24:47 PM

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

Hmmm, ok I got the main difference that nodes are what validates the transactions while miners are those who create new blocks and insert this validated transaction in these new blocks, and in return, these miners get block rewards and also fee rewards then what those nodes are getting? I mean I thought miners are the ones who validate the transaction as I thought validation is one of the main components that miners do and all miners do but according to your definition.

One person X runs a node, and validates the transaction, right? and the second person Y (miner) can create a new block and can add this validated transaction coming from X to this block. So what these validators are earning? I am this old to know the difference (haha) so I hope you won't mind me. Grin

hosseinimr93

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Quote from: Faisal2202 on December 21, 2023, 02:49:12 PM

Can't we call them validators?

The term "validator" is used for POS coins.
Bitcoin transactions are validated by nodes and they are included in the blockchain by miners.

Take note that nodes validate any bitcoin transaction they receive, but they don't solve the POW problem and they don't add any transaction to the blockchain.

Faisal2202

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Quote from: hosseinimr93 on December 20, 2023, 12:24:12 PM

Quote from: Faisal2202 on December 18, 2023, 09:06:50 AM

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

Can't we call them validators? Undecided

hosseinimr93

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Quote from: Faisal2202 on December 18, 2023, 09:06:50 AM

Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

Transaction are confirmed and included in the blockchain by miners.

Quote from: Charmekkd on December 18, 2023, 10:12:34 AM

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

You can't turn a non-RBF transaction unto a RBF transaction with importing your wallet into a wallet which supports RBF.

Quote from: Hypnosis00 on December 19, 2023, 08:08:11 AM

- increase transaction fees ( check https://mempool.space/ for the fees)

As already said, OP's tranaction was not RBF-enabled.
With full RBF, it's possible to replace a non-RBF transaction with a new paying higher fee. But I doubt there's any SPV wallet allowing doing so.

Quote from: DeathAngel on December 20, 2023, 07:22:52 AM

Post your txid & one of us can try to accelerate the transaction for you.

OP's transaction has been already confirmed.

DeathAngel

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Post your txid & one of us can try to accelerate the transaction for you. Failing that you may be able to do it yourself with Via BTC free transaction accelerator. https://www.viabtc.com/tools/txaccelerator
They are very busy atm due to high fees so you have to submit literally just past the hour or they max out on free accelerations (only a certain amount allowed each hour). People are rampantly trying to get their transaction confirmed using this service right now.

I’ve done it with them many times & always works if fee is minimum 10 sat/byte. You might get lucky over the holiday period & it could confirm any way though. I assume the mempool could clear a bit. If not you will have to wait for the transaction to drop from the mempool & return to you. Always use https://mempool.space/ in future to know what fee is suitable at the time.

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Quote from: jeanluca on December 18, 2023, 01:40:57 PM

Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

Actually, you're not the only person who is worried about the situation, if not all, but most of us. What I did is that I kept checking on https://mempool.space/ and waited for the fees to drop, $8-$10 is somewhat acceptable for me. And also, better move your Bitcoin is bulk just to save fees and time.

In your case OP, the best thing you do is to either;
- increase transaction fees ( check https://mempool.space/ for the fees)
- wait until it confirmed
- or wait until it returns to your wallet as it exceeds that time of unconfirmed transactions.

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Thanks a lot for all the help, I think I finally have some understanding of fees and the mempool!!

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Recently, bitcoin transaction costs have been very high, this will certainly burden bitcoin investors who have small amounts of assets. However, if you have a bitcoin transaction that is stuck, and not confirmed after several days. Usually the transaction will be canceled and the bitcoins you sent will be returned and will remain safe, so don't worry.

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Unfortunate, in my app I don't have the possibility to bump the fee

If what you mean is the RBF feature, it means you have to change your wallet to a wallet that supports this feature. Like electrum and bluewallet.

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Nah, your transaction will either be revoked, pending, or completed. These are three stats in which your transaction will move. Once you will make your transaction then it will go to the pending state and after being processed by validators it will be completed.

But as of now, your transaction is pending, and either it will be revoked or completed and you can't do anything other than increase the fee using RBF features. Your transaction might be delayed longer than you expected like it might take 24 hours or more but don't worry your money is still in your wallet and will be deducted once completed and if revoked then they are usable.

Quote from: jeanluca on December 17, 2023, 10:44:47 AM

One final question. As the fee is expressed in sats/vb. How do I know how many bytes my transaction is?

You can use the formula but if you would have provided the hash then it might be easy for us to calculate it for you.

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Quote from: jeanluca on December 17, 2023, 10:44:47 AM

Hello

I have a question about transaction fees. I think I did a transaction for which the transaction fee was lower than the Low Prio fee (mempool.space). It is now +/- $15 and I think I payed +/- $10. That amount was suggested by my app and I accepted it blindly. I did not expect it to be so low. Anyway, the question I have is, what will now happen with that transaction. Is my btc lost in transit forever?

Your fund is not lost and hope fee will become normal and you will get your payment soon. 10$ fee is not low that it would be go for pending long. I think your transaction has been ignored by miner and now the best solution is to use acceleration. You can check many website offering free acceleration and also reply your transaction id in thread, your transaction will be confirmed soon as fee is good enough.

https://bitcointalksearch.org/topic/freepay-bitcoin-transaction-accelerator-5034315

Topic: Transaction is pending because fee was too low, now what (Read 473 times)