Fee larger than transaction

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Kryptous

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Today I wanted to send out the bitcoins that were accumulating on one of my wallets. I was receiving there micropaymants for web ads. Unfortunately I'm not able to send any of it out (a 0.05 in total, not much but still ~50 bucks). I'm using armory and it calculated the fee of over a 1BTC for it (like 20 times greater that the transaction amount!!!). I tried to decrease the transaction but no matter what I do I end up network rejecting my transaction. All the incoming transaction are for 0.0001 or slightly more. The rejected transactions are not very huge, the average looks like thsi:

Transaction: TxHash: 025c0ffe015a8e6a35a9e7bc9018e786194ef0e3a055c7507a38f840f5938902 (BE) Version: 1 nInputs: 3 nOutputs: 2 LockTime: 0 Inputs: PyTxIn: PrevTxHash: f405598c0580cea546c73a9ed5e52347f3a07a3cb4d8b01b50a647f7438458a9 (BE) TxOutIndex: 31 Script: (4830450220019b4a6a32918f3bf72b8e67ec55cb6cd3aa97fc30dc3c8794c2be) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 PyTxIn: PrevTxHash: 86ea39dc35303a47b57689acaa8f96274ff5cc2412bc5e4c254c15ce6bfa1321 (BE) TxOutIndex: 29 Script: (483045022100b29a0b29202e19f2dc651b3ec842a8b72a3d39c3f41d14ee9445) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 PyTxIn: PrevTxHash: dd9da02bbb566681162f9956f6c2d6e47d2d0428098a2c0aba9ba4cb25ddc91e (BE) TxOutIndex: 74 Script: (483045022100aab39ac4adba537d9d441b7f92f11b66554ff2573ba3871a2285) Sender: 1AsPzC53491jKTvwrUEZnvF6cgtXDWD8mX Seq: 4294967295 Outputs: TxOut: Value: 8780 (8.78e-05) Script: OP_DUP OP_HASH160 (1Dcu2y3eefKRVkJY7JSJeaouRyEnBYaWJt) OP_EQUALVERIFY OP_CHECKSIG TxOut: Value: 53270 (0.0005327) Script: OP_DUP OP_HASH160 (1N7afkxPv9b4CRaTwecqwHisRH7yMUPQvF) OP_EQUALVERIFY OP_CHECKSIG

Does it mean that the bitcoin if fubar? is there any way to actually make any use of such dust bitcoin wallets at all?

submitted by /u/emsiak
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Kryptous

Crypto Coins News - Ratings - Reviews

1 News - 247 News - 247 Bitcoin - 1 Search

BTC - BCH - ETH - LITE - XRP

Buy Sell Trade Crypto Here

 

Ticker

1 BTC = $61414.21 USD  (via Coinbase)
1 ETH = $4184.47 USD  (via Coinbase)
1 LTC = $188.03 USD  (via Coinbase)
Quotes delayed up to 2 minutes.

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