My bitcoin transaction has not cleared in almost a month because I accidentally set the fees too low. What can I do?

My bitcoin transaction has not cleared in almost a month because I accidentally set the fees too low. What can I do?

Transaction ID: 050b5ba38506f8b5fb9054ff2f338999a082236a95f388449e1b8049c72e4f10

Like the title says, I have some bitcoin in a limbo transaction due to ever increasing numbers of unconfirmed transactions with a much higher fee than mine.

My ideal scenario would be to somehow cancel the transaction and have the coins return back to my wallet.

I was told from another source that Bitcoin Core evicts transactions after two weeks by default. However, it seems like that is not the case since it has been over 3 weeks now.

I was also told a method called "child pays for parent" but I am not sure if my situation would work for that.

Any help is greatly appreciated. Thanks!

http://ift.tt/2yelPRo

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