getbalance says 0 for incoming TX even though 0-conf is allowed

1

> $bitcoin_rpc.getnewaddress("myaddress", "bech32")
 => "bc1q9kvfyjxtk9tvkzgpkf4x8zs42sddwlyanz3z6z" 
> $bitcoin_rpc.getbalance
 => 0.0 
> $bitcoin_rpc.getbalance("*", 0)
 => 0.0 
> $bitcoin_rpc.listtransactions
 => [{"address"=>"bc1q9kvfyjxtk9tvkzgpkf4x8zs42sddwlyanz3z6z", "category"=>"receive", "amount"=>0.00025, "label"=>"myaddress", "vout"=>1, "confirmations"=>0, "trusted"=>false, "txid"=>"ad922349668c17c3ab47081f6dbc6e7e8f68473840146bfdd18f35f7d0bca216", "walletconflicts"=>[], "time"=>1574217056, "timereceived"=>1574217056, "bip125-replaceable"=>"yes"}] 
> Time.now.to_i
 => 1574217344

What's the magic behind it? Since confirmation=0 is default, I would expect a return value of 0.00025.

Tim Kretschmer

Posted 2019-11-20T02:37:54.657

Reputation: 117

I suspect it's because the fee paid by that transaction is so low. – David Schwartz – 2019-11-20T03:17:00.310

Answers

1

getbalance returns the balance that your node currently considers spendable. According to your console output, the transaction that sent you the output was flagged as "bip125-replaceable"=>"yes". Since a transaction flagged as replaceable can be amended or retracted by the sender until it gets confirmed, an output from such a transaction will not be considered reliable and not used as an input until confirmed.

Murch

Posted 2019-11-20T02:37:54.657

Reputation: 41 609

thanks for explaining – Tim Kretschmer – 2019-11-21T04:17:00.210

Asked: 2019-11-20T02:37:54.657

Viewed: 15 times

Active: 2019-11-21T23:15:26.300