Well that's strange, as I used medium priority for sending that transaction, not low. And the fee is 0.00519072 BTC, which is not small.
Well, your transaction is over 95KB and for that size, you would be looking at the very least, a fee of 0.07BTC. Block.io probably don't have that great of an estimation.
So now I will have to wait another 3 days for it to drop again and I will have to be fast enough to send it again with high priority before it gets rebroadcasted again?
Yeah, the time may vary, if someone else rebroadcasts it continually. I'm not sure how Block.io works. If you'd like, you can search up on how to extract the private key(if possible) from Block.io. Using that, you can sign another transaction with a higher fee. Since the propagation isn't good, you're likely to get a confirmation really fast.
How many times more it can get rebroadcasted by itself? Hope this is not an infinite loop.
It is an infinite loop, till it gets confirmed or the inputs gets spent in another confirmed transaction.
Wait, how did you calculated that his TX was 95KB? He never stated that anywhere? 0.07
BTC fee for a transaction of 3.5
BTC?
That's roughly 2%..
If he would have alot if inputs, then it would've made sense, but i don't see any reason for him to pay 500$ in fees.. ?
https://blockchain.info/tx/184299ddaa5f96a4c245e68ff9331e6e20be04f7d907b3dd2a6467ac9c9fc43bThis 4
BTC tx only has a fee of 0.000904
BTC, ~6$ and confirmed just fine.
Well that's strange, as I used medium priority for sending that transaction, not low. And the fee is 0.00519072 BTC, which is not small.
Well, your transaction is over 95KB and for that size, you would be looking at the very least, a fee of 0.07BTC. Block.io probably don't have that great of an estimation.
So now I will have to wait another 3 days for it to drop again and I will have to be fast enough to send it again with high priority before it gets rebroadcasted again?
Yeah, the time may vary, if someone else rebroadcasts it continually. I'm not sure how Block.io works. If you'd like, you can search up on how to extract the private key(if possible) from Block.io. Using that, you can sign another transaction with a higher fee. Since the propagation isn't good, you're likely to get a confirmation really fast.
How many times more it can get rebroadcasted by itself? Hope this is not an infinite loop.
It is an infinite loop, till it gets confirmed or the inputs gets spent in another confirmed transaction.
Thank you very much for your explanation.
By the way, is it possible for Block.io to drop the transaction from their mempool manually? I mean, can I ask them to do it? Then I will be able to send another transaction from my Block.io wallet with a high priority so it will get confirmed fast.
And Block.io not long time ago added the Private Keys feature for wallet holders. So it will be possible for me to extract the Private Key from my Block.io wallet into my Electrum wallet and then send another transaction with a high fee, even though the funds are not in my Block.io wallet now because of the rebroadcasted transaction? If it is possible, how to do it?
Yes. You should be able to import the private keys of block.io into electrum, and it should work just fine.
