A few days ago I was sending my friend a payment of 1.2 BTC. My account had only slightly more than this amount available, not even enough for recommended transaction fee. Instead of borrowing or waiting for a miner to generate more, I decided I would push a transaction with a much smaller fee to the network and hope it gets confirmed in under a day. It did not happen. According to Bitcoin wiki, a transaction needs to pay the recommended fee unless all outputs are more than 0.1 BTC and few other conditions. I did not meet this condition, because I had one 1.2 BTC output and one change which was smaller than transaction fee. It was stuck there for more than a day, my mining pool paid me, so I decided I want to just cancel this transaction and create a new one with a proper fee. Easier said than done :).
I use Electrum as a client - it is much better than stock Bitcoin client and there’s a nice console. I was able to extract the transaction and try to modify it to include the fee. The interface is not so nice, or at least I am too lame. I got the transaction as a JSON structure from Wallet object by transaction hash. I was not able to easily create a different transaction without going through manually finding keys to sign.
mktx does not work, because I don’t have enough unspent outputs (same as paying from the GUI).
createrawtransaction is something I managed to do, but then for signing, I would need a list of private keys, addresses and scripts. My transaction had more than 10 inputs and I was too lazy to find which keys belonged to the other addresses (and if it’s possible to do it programatically, there should be a function to do it - I guess that’s what mktx does internally too). I guess it should work with less parameters per documentation, but the console call insisted I fill all the parameters.
I found out a very lame and easy solution. I thought if Electrum does not see the old transaction, it can spend the inputs again. So I changed wallet.py. There’s a function called update_tx_outputs that takes a tx_hash and updates a list of spent outputs. I modified it like this:
So if my transaction (the hash is from other stuck transaction I found online) is found, it’s skipped, so Electrum thinks the outputs are not spent.
I thought I would just pay, but the transaction got refused by Electrum server, because it thought it’s a double spend (which was correct). So I used mktx and used Coinb.in’s wonderful Raw Transaction utilities to broadcast the hash to the network. It also returned that the transaction is invalid, but it propagated anyway and a miner included it in a block.
I found out that blockchain.info reports on attempts to double spend when I look at a transaction or address and recommends you proceed with caution.
Takeaways: Pay the transaction fee, really. Nodes try to refuse double spends (they cache stuck transactions), but the transaction eventually propagates. Electrum could have much nicer Python interface for things.
I guess Amir’s sx command-line utility would make my life much easier, but I had no time to upgrade my g++ toolchain, it does not compile on any system I own. Installing Ubuntu or ArchLinux just because I want to play with it takes a lot of time. I tried fixing a few of the main problems of libbitcoin not compiling on OS X, but I had no more time doing it. I would love to use sx with OS X or Scientific Linux someday. Playing with Electrum and it’s internals is fun too though.