Transaction Not Confirming - Even with Fee

bitvestor

sr. member

Activity: 252

Merit: 250

Quote from: btcpayments on March 03, 2014, 04:17:29 PM

I have been waiting over 9 hours for this transaction to confirm:

fef2d4fbd92115082dc652a03dad81911b7789d26faa41c7fe739b691e50dbe6

The transaction is going from here: 1JyD47xXLzfrDW6vZrdLoTGwjqe3ACCKuW to here: 1BuoKuNkFDaTGxi34fes67iNWw7TXW7nm9

I see an address: 1MufqYB7hw6aF8aMwisPdSHzDoZQoz2Drc

From what I understand this is a "change address" and the funds are still showing in my wallet. I understand the funds will come back to me.

I have enclosed a .0001 fee, which is low, but still acceptable. So far the transaction is STILL not in the block chain. Blockchain.info says that my transaction is "medium priority" it is "within 6 blocks" - what does this mean exactly? I also notice this transaction does not seem to be propagating (other transactions with similar kb and similar fees have been confirmed already) How long should I expect to wait and what can I do to either speed the process up or cancel it if it doesn't confirm?

I also notice another transaction: 4f42121b680d6c44a6c238b36d462b643a2b9cb6f65c4efa42c6108a81739a6b that according to blockchain.info has no confirmations, but my client says it has 11! Why?

Thanks!

I had this problem with dogecoins and i was just shocked and waited for 4 days before the payment was posted Cryptsy, and now i have an incoming payment of 100k doge that never showed up for the past 5 days its so sick i even updated but i just have the feeling it will just show up soon, and i will delete the wallet from my PC, it keeps saying DB:: Put: Not enough space then list the full link to file.

i read how to solve they said remove all data from the roaming data execpt wallat.dat and i did and restarted and it still never worked and the worse dogecoin don't have an option to import your wallet to dogechain just like bitcoin does..

btcpayments

newbie

Activity: 6

Merit: 0

Thank you SOOOOOO Much for this! Got it! BTW this was the default setting. (The interface is not clear and implies it is a flat fee.) When I did the Tx. it didn't say... xkb x.0002 = .... Sounds like I need to change it to .0001 and then leave it alone.

Regarding the rest, I'll take your advice.

Thanks!

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: btcpayments on March 03, 2014, 06:17:27 PM

Unfortunately, this does not help me much. This is my first tx. To a certain degree I blame my Bitcoin client for this. (It should know my kb and tell me ACCURATELY how much the fee should be before I send (right?).

Correct. A well designed and well written wallet should properly calculate the generally accepted minimum fee.

Quote from: btcpayments on March 03, 2014, 06:17:27 PM

How am I supposed to know the kb? My client (Electrum), actually suggested: .001 - WAY OVER.

I thought Electrum lets you set a minimum fee per kilobyte in the settings? What is your setting? If you set it to 0.0002 BTC, then it accurately calculated (5 kB * 0.0002 BTC = 0.001 BTC). Regardless, arbitrarily choosing a fee that is different than your wallet is suggesting without understanding the repercussions of that decision results in certain consequences.

Quote from: btcpayments on March 03, 2014, 06:17:27 PM

They say hindsight is 20/20, however the question still remains: What do I do now?

Wait for a miner (or mining pool) to be generous enough to confirm your transaction. There's a pretty good chance that it will be confirmed within the next 3 to 10 days.

Alternatively, you can try asking in the Electrum sub-forum if there is a way to remove a transaction from the Electrum wallet. If so, then you could shut down the Electrum wallet, remove the transaction from the wallet, and wait a few days. Eventually (usually within 2 to 4 days) if the transaction isn't confirmed, it will be dropped from the memory pool of the peers. Then you could start the Electrum wallet back up and the bitcoins should be back in the wallet.

btcpayments

newbie

Activity: 6

Merit: 0

Unfortunately, this does not help me much. This is my first tx. To a certain degree I blame my Bitcoin client for this. (It should know my kb and tell me ACCURATELY how much the fee should be before I send (right?). How am I supposed to know the kb? My client (Electrum), actually suggested: .001 - WAY OVER. They say hindsight is 20/20, however the question still remains: What do I do now?

DannyHamilton

legendary

Activity: 3528

Merit: 4945

Quote from: btcpayments on March 03, 2014, 04:17:29 PM

I have enclosed a .0001 fee, which is low, but still acceptable.

Your transaction is more than 4,000 bytes in size. The typical "acceptable" minimum transaction fee is 0.0001 BTC per kilobyte.

Therefore, the transaction fee for your transaction should have been 0.0005 BTC. It is 0.0004 BTC short.

It may be confirmed eventually, but you'll have to wait until some miner (or mining pool) is generous enough to include your cheap transaction instead of other transactions that pay a higher fee per kilobyte.

Most mining pools treat transactions with insufficient fees the same as they treat transactions with no fee at all. Therefore, this transaction will be handled by most pools as if it had not paid any transaction fee.

btcpayments

newbie

Activity: 6

Merit: 0

I have been waiting over 9 hours for this transaction to confirm:

fef2d4fbd92115082dc652a03dad81911b7789d26faa41c7fe739b691e50dbe6

The transaction is going from here: 1JyD47xXLzfrDW6vZrdLoTGwjqe3ACCKuW to here: 1BuoKuNkFDaTGxi34fes67iNWw7TXW7nm9

I see an address: 1MufqYB7hw6aF8aMwisPdSHzDoZQoz2Drc

From what I understand this is a "change address" and the funds are still showing in my wallet. I understand the funds will come back to me.

I have enclosed a .0001 fee, which is low, but still acceptable. So far the transaction is STILL not in the block chain. Blockchain.info says that my transaction is "medium priority" it is "within 6 blocks" - what does this mean exactly? I also notice this transaction does not seem to be propagating (other transactions with similar kb and similar fees have been confirmed already) How long should I expect to wait and what can I do to either speed the process up or cancel it if it doesn't confirm?

I also notice another transaction: 4f42121b680d6c44a6c238b36d462b643a2b9cb6f65c4efa42c6108a81739a6b that according to blockchain.info has no confirmations, but my client says it has 11! Why?

Thanks!

Topic: Transaction Not Confirming - Even with Fee (Read 2128 times)