What happens to unapproved transactions?

batang_bitcoin

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Quote from: Bibite on February 27, 2017, 09:24:40 AM

Quote from: ?? on ??

It will be returned as usual when a transaction doesn't get confirmation for a longer time. And if you are worrying about it, you don't have to worry about it. But still there are miners that are confirming transactions even there are no fees included. I haven't read and experience other results when your transaction isn't approved at all.

@batang_bitcoin
I knew that unapproved transactions are returned but I wonder. Are they returned with 100% of the value or fees is deduced from this operation ? Sorry if the question look stupid. But someone needs to be rewarded for return it

Yes it's completely 100% since there's no confirmation and transaction is unsuccessful, there's no deduction with the original amount that you had sent. So you don't have to worry about it mate, no reward needs to be given since they don't even did their job for confirming your transaction.

voltesbit777

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Quote from: pedrog on February 27, 2017, 05:32:15 AM

Quote from: the.jack20 on February 27, 2017, 05:27:47 AM

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

Transaction gets dropped and coins return to original sending address.

The timing depends, transaction may be rebroadcast.

Yes true and correct, But usually this happened to those people who gave small low fee's in the blockchain. I remembered in the other nation told give 1$ for the charge fee for you to be prioritize.

DannyHamilton

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Quote from: Chin Cheng on February 27, 2017, 01:40:46 PM

What i do not understand is how can a transaction registered in block be returned if it was found that it was a zero fee transaction.

It cannot unless that block becomes orphaned.

Quote from: Chin Cheng on February 27, 2017, 01:40:46 PM

And is it possible for the miner to proceed with the transaction even with a zero fees if he wants to.

Yes.

Quote from: Chin Cheng on February 27, 2017, 01:40:46 PM

Will there be any core updates from the developers to tackle the transaction delays.

Pay a higher fee. You'll have less of a delay.

Chin Cheng

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Quote from: nikona on February 27, 2017, 12:16:08 PM

If the fees is low, there's a chance that a miner might put it in his block and confirm the transaction. If its extremely low or has no fees then there's a good chance that the transaction stays unconfirmed for a period of time and then it is sent back to the address which was initially used to send the BTC. I am not sure about time that it would take for the money to be sent back.

What i do not understand is how can a transaction registered in block be returned if it was found that it was a zero fee transaction .And is it possible for the miner to proceed with the transaction even with a zero fees if he wants to.Will there be any core updates from the developers to tackle the transaction delays.

Dr.Osh

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Well, in my opinion, even if you do not use the fee to send, your transaction will remain unconfirmed. however, it may be very long. I've tried to send all bitcoin I have. and it was confirmed in just a few hours.

AngelSky

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Quote from: nikona on February 27, 2017, 12:16:08 PM

If the fees is low, there's a chance that a miner might put it in his block and confirm the transaction. If its extremely low or has no fees then there's a good chance that the transaction stays unconfirmed for a period of time and then it is sent back to the address which was initially used to send the BTC. I am not sure about time that it would take for the money to be sent back.

Blockchain will accept only the amount you specify as fee for the transactions. So it will get transfer with 2 hours you made low fees in blockchain. After the second confirmations. your fund will be inside wallet you transferred to!

nikona

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If the fees is low, there's a chance that a miner might put it in his block and confirm the transaction. If its extremely low or has no fees then there's a good chance that the transaction stays unconfirmed for a period of time and then it is sent back to the address which was initially used to send the BTC. I am not sure about time that it would take for the money to be sent back.

webtricks

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Well, maybe possible you could find a generous miner who could push your transaction. Otherwise, don't fear there is no state of limbo in transactions Cheesy

Most of the time they get confirmed else returned.

Yakamoto

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If I remember how the system works correctly, any transaction that isn't confirmed just gets "reset" and it will either be sent again at a later date to try and confirm it again, or it just gets refunded to the wallet.

While I'm not sure if the client dictates whether or not the transaction is refunded or rebroadcast, I've never had to deal with that issue.

xSkylarx

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Quote from: pedrog on February 27, 2017, 05:32:15 AM

Transaction gets dropped and coins return to original sending address.

The timing depends, transaction may be rebroadcast.

The amount that you are going to send to someone will be automatically return to your wallet, if, that transaction will be denied because you didn't pay the right amount of fee and not to the original sending address . But, you don't even have a choice but to pay the fee because it is necessary for you to transfer bitcoin into someone's bitcoin address in every transactions that you are going to have.

bitgoldpanther1978

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Quote from: the.jack20 on February 27, 2017, 05:27:47 AM

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

To the best of my knowledge, if you did any transaction all off it will be recorded in the blockchain and most commonly happen to those who gave low fee's if within 48hrs hours your transaction is still unconfirmed it will resume where it came from to the original place.

shinratensei_

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Quote from: the.jack20 on February 27, 2017, 05:27:47 AM

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

The network will be forgetting your transaction and it seems like you're never trying to make a transaction. This is a simple explanation.
But there is no specific answer about how long the transaction without fees will get a confirmation. Because of it less on the priority.

soul-impact

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if the transactions can not be confirmed due to several reasons, such as low fee, they will return to the sender wallet after 3 or 4 days, Therefore, you will have to wait for a long time if you make this mistake. Never try to send with the small fee because miners will ignore it. No one want to confirm a transaction without receiving money

pedrog

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Quote from: Bibite on February 27, 2017, 09:24:40 AM

Quote from: ?? on ??

It will be returned as usual when a transaction doesn't get confirmation for a longer time. And if you are worrying about it, you don't have to worry about it. But still there are miners that are confirming transactions even there are no fees included. I haven't read and experience other results when your transaction isn't approved at all.

@batang_bitcoin
I knew that unapproved transactions are returned but I wonder. Are they returned with 100% of the value or fees is deduced from this operation ? Sorry if the question look stupid. But someone needs to be rewarded for return it

Everything goes to the original address, the transaction never happened, no one has to be rewarded.

Bibite

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Quote from: ?? on ??

It will be returned as usual when a transaction doesn't get confirmation for a longer time. And if you are worrying about it, you don't have to worry about it. But still there are miners that are confirming transactions even there are no fees included. I haven't read and experience other results when your transaction isn't approved at all.

@batang_bitcoin
I knew that unapproved transactions are returned but I wonder. Are they returned with 100% of the value or fees is deduced from this operation ? Sorry if the question look stupid. But someone needs to be rewarded for return it

ralle14

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Quote from: the.jack20 on February 27, 2017, 07:10:29 AM

Does this have a certain time?

From my experience it was about a day before my tx got rejected

Quote from: the.jack20 on February 27, 2017, 07:10:29 AM

For example, 10 satoshi fee values were entered. Since the transaction fee is very low, is this also sent back? Or will they wait until the transaction is approved?

It has a chance to be rejected since the fees are too low but you can rebroadcast it again.

Quote from: the.jack20 on February 27, 2017, 07:10:29 AM

So, when 0 or a very low fee is entered, what is the maximum approval period of the transaction? How long after the refund is made.

When your tx gets rejected you'll receive every amount that you used from the address giving you a chance to send your next transaction with a higher fee.

Wowcoin

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Quote from: googlebtc on February 27, 2017, 05:34:21 AM

I've received 2 BTC last year when it was someone who would send BTC to I did not use Fee, I just wait two days to get a transaction confirmation

But me i experienced that too in almost 2 days but the bitcoin is gone and also gone in the blockchian.info thats why am afraid now to send the bitcoin without fee because there's a possibility that your bitcoin gone.

pedrog

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Quote from: the.jack20 on February 27, 2017, 07:10:29 AM

Quote from: pedrog on February 27, 2017, 05:32:15 AM

Quote from: the.jack20 on February 27, 2017, 05:27:47 AM

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

Transaction gets dropped and coins return to original sending address.

The timing depends, transaction may be rebroadcast.

Does this have a certain time?

For example, 0 fee was entered. The transaction was not approved by the miner. How long after the refund is made.
For example, 10 satoshi fee values were entered. Since the transaction fee is very low, is this also sent back? Or will they wait until the transaction is approved?

So, when 0 or a very low fee is entered, what is the maximum approval period of the transaction? How long after the refund is made.

The default setting, I believe, is 72 hours, but it can be changed and node operators set the expiration time they think it's best.

Everything goes to the original address, it's like it never happened.

the.jack20

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Quote from: pedrog on February 27, 2017, 05:32:15 AM

Quote from: the.jack20 on February 27, 2017, 05:27:47 AM

Let's assume we entered the value of the fee too low in a process we have done. You can even get the value of the fee 0.
Miners receive transaction fees as rewards for transactions they approve. They approve higher transaction fees earlier.

What happens if our zero fee entry is not approved at all? Is there such a possibility? Or how long will it be approved at the latest?

Transaction gets dropped and coins return to original sending address.

The timing depends, transaction may be rebroadcast.

Does this have a certain time?

For example, 0 fee was entered. The transaction was not approved by the miner. How long after the refund is made.
For example, 10 satoshi fee values were entered. Since the transaction fee is very low, is this also sent back? Or will they wait until the transaction is approved?

So, when 0 or a very low fee is entered, what is the maximum approval period of the transaction? How long after the refund is made.

darklus123

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Quote from: googlebtc on February 27, 2017, 05:34:21 AM

I've received 2 BTC last year when it was someone who would send BTC to I did not use Fee, I just wait two days to get a transaction confirmation

That's the thing here. If you are not in a hurry then i guess the is completely acceptable. However there were really transactions that needs to be done efficiently because of it's confidentiality.

Transactions of course would remain unconfirmed for a while but the guy above stated that it would go back to the owner if ever.

Topic: What happens to unapproved transactions? (Read 1157 times)