Can anyone explain why this would happen. I do understand there is a small transaction fee for the miner, but when it equals the balance of my wallet.
The fee was set to
54.398 sat/B on the last transaction which is equals to
0.00010390 BTC when multiplied by the total size of the transaction.
So, that will be deducted from the input together with the sent amount which may be equals to your balance.
It may have used all because the 'change' would have been "
dust" (
for privacy and to save fee later).
If you do not want this to happen, you should avoid extremely high fee, set it to "
Economic" since the normal setting seems to be over-estimating most of the time.
Fee setting is in the "
Menu->Fee" when sending funds.
-snip- ....... I'm using bitcoin.org app de.schildbach.wallet
Take note: the wallets listed in
bitcoin.org/en/choose-your-wallet aren't developed by bitcoin.org.
Those are just list of Bitcoin wallets to help the end-users to select a wallet based on their preference.
The APP being used does not allow the setting of fees The wallet in question is the only wallet that this has happened. Knowing the APP assigns the address would you not think its possible that the app is assigning the address in question from a third party some how though intervention when the app request this address. Setting the fee and the miner address to send fee to seeing that there are 2 addresses collecting the fee. Wondering this and its possibilities because of some that nodes use domain instead of IP. I'm not going to get into how this intervention could occur but other that know network topology might understand where I'm going with this..
Thanks nc50lc for your your input....