What's up with this MyCelium fee? | Bitcointalksearch.org

U2

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I used to be indecisive, but now I'm not sure...

Quote from: mindrust on November 21, 2016, 02:10:04 PM

Somebody else also had an issue like yours a few days ago. There is probably something wrong with mycelium. I know it looks like it doesn't make sense but like i said, somebody else also reported this. Why not electrum users reporting things like this but Mycelium users?

I suggest you to get rid of it.

Quote from: DumbLefty on November 22, 2016, 03:15:31 PM

I did. I no longer use that wallet.

To this day I still haven't had this issue. Did you ever hear back from mycelium about the possible bug? My low priority shows up around 54 Satoshis/byte and high priority is well over 100 at the moment (130 I think when I checked?).

DumbLefty

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I did. I no longer use that wallet.

mindrust

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Somebody else also had an issue like yours a few days ago. There is probably something wrong with mycelium. I know it looks like it doesn't make sense but like i said, somebody else also reported this. Why not electrum users reporting things like this but Mycelium users?

I suggest you to get rid of it.

RGBKey

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Quote from: shorena on November 21, 2016, 01:57:39 AM

Quote from: RGBKey on November 20, 2016, 07:15:33 PM

Quote from: European Central Bank on November 20, 2016, 07:09:44 PM

there's a lot of inputs. probably 20-25. how do i find out how big it actually is? i can't find that anywhere in mycelium.

Mycelium won't tell you, but if you do some math based on the current lowest tx fee to get a transaction confirmed without any delays, you would get ~0.022 for 20 inputs and ~0.0027 for 25 inputs, assuming a single output. You could probably lower that to get it confirmed a little slower. But yeah, I can't see that costing $40 now.

I have to guess here, since you didnt include the actual calculation, but your numbers seem off. 148 bytes[1] per input make a 20 input TX, including a 34 byte output, 148*20+20=2980 byte in size. With 25 inputs it would be 3720 byte accordingly. If we assume a reasonable fee of 60 satoshi per byte[2] thats 0.001788 BTC (20 inputs) or 0.002232 BTC (25 inputs) in fee.

[1] most public keys are now compressed thus 148 instead of 180 byte.
[2] https://bitcoinfees.21.co/

I must have been reading size calculation off an older site, that's the number I used. Also, nice avatar lol.

shorena

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No I dont escrow anymore.

Quote from: RGBKey on November 20, 2016, 07:15:33 PM

Quote from: European Central Bank on November 20, 2016, 07:09:44 PM

there's a lot of inputs. probably 20-25. how do i find out how big it actually is? i can't find that anywhere in mycelium.

Mycelium won't tell you, but if you do some math based on the current lowest tx fee to get a transaction confirmed without any delays, you would get ~0.022 for 20 inputs and ~0.0027 for 25 inputs, assuming a single output. You could probably lower that to get it confirmed a little slower. But yeah, I can't see that costing $40 now.

I have to guess here, since you didnt include the actual calculation, but your numbers seem off. 148 bytes[1] per input make a 20 input TX, including a 34 byte output, 148*20+20=2980 byte in size. With 25 inputs it would be 3720 byte accordingly. If we assume a reasonable fee of 60 satoshi per byte[2] thats 0.001788 BTC (20 inputs) or 0.002232 BTC (25 inputs) in fee.

[1] most public keys are now compressed thus 148 instead of 180 byte.
[2] https://bitcoinfees.21.co/

RGBKey

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rgbkey.github.io/pgp.txt

Quote from: European Central Bank on November 20, 2016, 07:09:44 PM

there's a lot of inputs. probably 20-25. how do i find out how big it actually is? i can't find that anywhere in mycelium.

Mycelium won't tell you, but if you do some math based on the current lowest tx fee to get a transaction confirmed without any delays, you would get ~0.022 for 20 inputs and ~0.0027 for 25 inputs, assuming a single output. You could probably lower that to get it confirmed a little slower. But yeah, I can't see that costing $40 now.

European Central Bank

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there's a lot of inputs. probably 20-25. how do i find out how big it actually is? i can't find that anywhere in mycelium.

RGBKey

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rgbkey.github.io/pgp.txt

Quote from: European Central Bank on November 20, 2016, 02:08:21 PM

i've found fees to be insane recently. it wanted $40 for a 1 btc high priority transaction recently. checking again a few days later it was $12 and normal $5. i do have quite a few inputs. i don't have that many. i ain't interested in making miners richer than they are. i'll take my private keys elsewhere if this continues and forget bitcoin completely if this is the new norm.

How big would your transaction be? The combination of higher fees plus a very large transaction could likely be the source instead of Mycelium.

European Central Bank

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i've found fees to be insane recently. it wanted $40 for a 1 btc high priority transaction recently. checking again a few days later it was $12 and normal $5. i do have quite a few inputs. i don't have that many. i ain't interested in making miners richer than they are. i'll take my private keys elsewhere if this continues and forget bitcoin completely if this is the new norm.

RGBKey

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rgbkey.github.io/pgp.txt

Quote from: U2 on November 18, 2016, 12:07:24 AM

Quote from: michkima on November 18, 2016, 12:02:38 AM

Quote from: U2 on November 12, 2016, 01:41:03 PM

Unfortunately you were just very generous to the miner that got the block. Mycelium won't refund you (I'd have to assume) but I agree that this bug should be reported to them.

Was thinking of switching to mycelium but now I am hesitant to do so because of this. Is there an option to manually set the fees before I send the Bitcoins or is it automatically set?

Mycelium let's you choose 4 different options. If you look at the fees beforehand it'll be very obvious what you're paying. The 4 options are:

Low-prio (low priority)
Economic
Normal
Priority

I've never had an issue like this with mycelium ever. 1700 Satoshis/byte is 10x more than you would ever need.[/list]

I have also never had an issue with mycelium, ever. It's been a fantastic mobile wallet in my opinion.

U2

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Activity: 676

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I used to be indecisive, but now I'm not sure...

Quote from: michkima on November 18, 2016, 12:02:38 AM

Quote from: U2 on November 12, 2016, 01:41:03 PM

Unfortunately you were just very generous to the miner that got the block. Mycelium won't refund you (I'd have to assume) but I agree that this bug should be reported to them.

Was thinking of switching to mycelium but now I am hesitant to do so because of this. Is there an option to manually set the fees before I send the Bitcoins or is it automatically set?

Mycelium let's you choose 4 different options. If you look at the fees beforehand it'll be very obvious what you're paying. The 4 options are:

Low-prio (low priority)
Economic
Normal
Priority

I've never had an issue like this with mycelium ever. 1700 Satoshis/byte is 10x more than you would ever need.[/list]

michkima

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Quote from: U2 on November 12, 2016, 01:41:03 PM

Unfortunately you were just very generous to the miner that got the block. Mycelium won't refund you (I'd have to assume) but I agree that this bug should be reported to them.

Was thinking of switching to mycelium but now I am hesitant to do so because of this. Is there an option to manually set the fees before I send the Bitcoins or is it automatically set?

U2

hero member

Activity: 676

Merit: 503

I used to be indecisive, but now I'm not sure...

Unfortunately you were just very generous to the miner that got the block. Mycelium won't refund you (I'd have to assume) but I agree that this bug should be reported to them.

Natural Perm

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Quote from: shorena on November 06, 2016, 11:42:52 AM

Quote from: DumbLefty on November 06, 2016, 11:38:51 AM

Awesome, figured something was off. Thanks for the help, contacting them now. Do they usually do refund or anything? Or basically apology and move along? Not a huge amount so not terribly worried but still sucks.

The fee does not go to them so they cant refund and also doubt they would send any coins your way. If its a bug though, its better when its fixed.

Yeah! Cause the fee goes to the miner who mines the block which includes your transaction

shorena

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No I dont escrow anymore.

Quote from: DumbLefty on November 06, 2016, 11:38:51 AM

Awesome, figured something was off. Thanks for the help, contacting them now. Do they usually do refund or anything? Or basically apology and move along? Not a huge amount so not terribly worried but still sucks.

The fee does not go to them so they cant refund and also doubt they would send any coins your way. If its a bug though, its better when its fixed.

DumbLefty

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The Protocol for the Audience Economy

Awesome, figured something was off. Thanks for the help, contacting them now. Do they usually do refund or anything? Or basically apology and move along? Not a huge amount so not terribly worried but still sucks.

shorena

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Activity: 1498

Merit: 1528

No I dont escrow anymore.

Quote from: DumbLefty on November 06, 2016, 11:27:55 AM

Sorry

91a9c588ed5a3ebcd394a48067cc94cdcf7c37cb558b930d6e2c7eec94262b3f

No problem, its indeed only two inputs[1]. I suspected more with that fee. Its 1724 satoshi per byte, which is high even for a "priority fee". I did one myself recently and paid 137 satoshi per byte. Its also odd that the one input (the lower one on bc.i) for 7624 satoshi was used at all. Not sure, but does not seem right. I would contact them directly[2] maybe there is a bug that spends unusual large fees when there are small inputs used.

[1] https://blockchain.info/tx/91a9c588ed5a3ebcd394a48067cc94cdcf7c37cb558b930d6e2c7eec94262b3f?show_adv=true
[2] http://support.mycelium.com/hc/en-us/requests/new

DumbLefty

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The Protocol for the Audience Economy

Sorry

91a9c588ed5a3ebcd394a48067cc94cdcf7c37cb558b930d6e2c7eec94262b3f

shorena

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No I dont escrow anymore.

Quote from: DumbLefty on November 06, 2016, 10:24:19 AM

Am I missing something? I do a $19 transaction and they charge me $4?

http://imgur.com/a/gOcK6

Post the TX ID please, I tried to write it down from the picture and failed twice.

DumbLefty

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Activity: 412

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The Protocol for the Audience Economy

Am I missing something? I do a $19 transaction and they charge me $4?

http://imgur.com/a/gOcK6

Topic: What's up with this MyCelium fee? (Read 4804 times)