Ethereum: When using bitcoin-cli I get an error regarding fallback fees when trying to send regtest Bitcoin. How do I resolve this?
Erherum Retulot Case Erherum in Bitcoin-Cli
While entering the world of Bitcoin and Ethereum, you probably have a mistake when using the Bitcoin-Cli
(CLI) command line. In particular, with regular transactions (Price Master), Sendtoaddress. In this article we will show you to solve the problem.
Capture commissions: short explanation
In Bitcoin and other blockchain networks, “reserve charges” are mechanisms used to manage when the network is congested or high in the block. These commissions can significantly influence the overall transactions costs, in particular for the usual, such as “Sendtoaddress”.
The error message
When performing the following command:
`Bash
Bitcoin -Cli -Regtest Sendtoddress
`
You should see an error message indicating that the containment commission is used to reduce the cost of the transaction. The error message may seem like this:
Error: Moderation commissions: $ 3.00 (0.0001 BTC) deducted, remaining balance: 2.99
The reasons for the error
There are many reasons why you can experience the "SendToaddress" reserve. Here are some possible reasons:
- High block reward report
: If the net is crowded or high on the block reward, it can lead to an increase in transaction costs.
- Low -cost scale
: Bitcoin portfolio can involve a higher reserve tax.
3
To solve the error
To solve the problem, try the following steps:
- Check the portfolio balance : make sure you have enough funds in the Bitcoin wallet to cover the reserve commissions. You can check your balance:
Bash
Bitcoin -Cli -Teststest Walletbalance 0
`
- Sets the portfolio settings : if you perform the regtest mode, try setting the portfolio settings by changingregtest.conf” (available on linux and macOS). Find the following options:
Wallet.Ticker ': Set this' 2
or” 1 “to disable reserve costs.
Wallet.fallbackfee
: Sets this on a lower value to reduce transactions.
Here is an example of changing the regtest.conf file on Linux and MacOS:
`Bash
Linux (for example, Ubuntu)
nano /etc/regtest.conf
[Wallet]
Ticker = 2
Fillenckfee = 0.0001
`
- ** CHANGE THE "Aborane" Command: use the "--regbot" Flag to perform "Bitcoin-Cli" with disabling commissions:
Bash
Bitcoin-Cli -orge Best SendToadress
`
4.
Bash
Bitcoin -Cli -Regtest Walletheck 0
``
Following these steps, it is necessary to be able to resolve the containment commissions and successfully send transactions with “Sendtoaddress” in Bitcoin Cli.