flywithu/Learning-Bitcoin-from-the-Command-Line
1
1
Fork 0
mirror of https://github.com/ChristopherA/Learning-Bitcoin-from-the-Command-Line.git synced 2025-10-31 10:27:29 +00:00
Code Issues Releases Wiki Activity

Update 5_1_Resending_a_Transaction_with_RBF.md

Browse Source
This commit is contained in:
Shannon Appelcline 2017-04-07 11:29:01 -07:00 committed by GitHub
parent 6b92dcab12
commit f11ada9144
1 changed files with 44 additions and 0 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

44
5_1_Resending_a_Transaction_with_RBF.md
View File

@ -1,2 +1,46 @@
# 4.1: Resending a Transaction with RBF
> **NOTE:** This is a draft in progress, so that I can get some feedback from early reviewers. It is not yet ready for learning.
Sometimes a Bitcoin transaction can get stuck. Usually it's because there wasn't sufficient transaction fee, but it can also be because of a one-time network or software glitch.
## Watch for Stuck Transactions
You should _always_ watch to ensure that your transactions go out. `bitcoin-cli listunspent` will show all of your incoming and outgoing transactions, while `bitcoin-cli gettransaction` with a txid will show a specific transaction.
The following shows a transaction that has not been put into a block. Note that it has no confirmations.
```
$ bitcoin-cli gettransaction 0f618e38efe887028a5dd04d0e12241431978b4de32f70308c13a114d7cfcbd2
{
"amount": -0.84927000,
"fee": -0.00000400,
"confirmations": 0,
"trusted": true,
"txid": "0f618e38efe887028a5dd04d0e12241431978b4de32f70308c13a114d7cfcbd2",
"walletconflicts": [
],
"time": 1491588722,
"timereceived": 1491588722,
"bip125-replaceable": "no",
"details": [
{
"account": "",
"address": "n2eMqTT929pb1RDNuqEnxdaLau1rxy3efi",
"category": "send",
"amount": -0.84927000,
"vout": 0,
"fee": -0.00000400,
"abandoned": false
}
],
"hex": "0200000001c6cb05c5212bb7ec14add72883a17f0a68aa399354bc2f7cf02df6e7d68a6937000000006a47304402203f21d769cbf3cf1626ef09bb35d0d8e88efe9f14d097f4b493628e96b2e1c90b0220162ff60701525e70942f5090dc48ec2b2f3b87cd40185351ab316991567f61c50121029045eaa55d283526c723e6d5495d9b3f077b545563f86465aafcd9bfdd50359effffffff0118e20f05000000001976a914e7c1345fc8f87c68170b3aa798a956c2fe6a9eff88ac00000000"
}
```
A transaction can be considered stuck if it stays in this state for an extended amount of time. Not too many years ago, you could be sure it would go out _eventually_. But, that's nolonger the case due to the increased usage of the Bitcoin network. Now, if a Bitcoin transaction is stuck for too long, it will eventually drift out of the mempool, and then it will _never_ get placed in a block.
_What is the mempool?_ The Bitcoin mempool (or Memory Pool) is the pool of all the unconfirmed transactions. Miners pull from it
## Set Your Transaction Fee
1. Abandon, then rebuild, fulfilling all outputs
2. Use bumpfee