Bitcoin Forum

Following transactions are related to my game www.BitcoinBetting.website. They are unconfirmed for some time, in spite of being properly paid IMO. I would like to know how much were supposed to be paid for these transactions?

Tx1: https://blockchain.info/tx/e7906488f03a00fe3b2e7aff0c272538e5aa5858c8b8987b07bc2ebb6b2cdf79 - 3473 byte - 0.0002 BTC Tx fee

Tx2: https://blockchain.info/tx/802947b764453dd39fd66d1855f78767303c69f86ec207fb328f2698ff52283d - 4480 byte - 0.001 BTC Tx fee

Tx3: https://blockchain.info/tx/25934bbcfd74d42d29475ff560749cb4e62243bd00c8b12c369c7b51e503c847 - 225 byte - 0.0001243 BTC Tx fee

Tx4: https://blockchain.info/tx/e10a366b9d86070a4fefb8465672e29652c8b3973d34b20ee3d07a05247ce1c9 - 667 byte - 0.0003685 BTC Tx fee

Using https://bitcoinfees.21.co/ estimation you'll get:

1st tx: 25-600 minutes (5.7 satoshi per byte fee).
2nd tx: 5-300 minutes (22.3 satoshi per byte fee).
3rd tx: 0-45 minutes after the 1st 2nd tx gets confirmed (55.2 satoshi per byte fee).
4th tx: 0-45 minutes after the 3rd tx gets confirmed (55.2 satoshi per byte fee).

The recommended fee right now is 80 satoshi per byte.

Tx3 & Tx4 are pending because of Tx2. But, Tx2 has enough fee as per www.blocktrail.com/BTC estimation, i.e. 0.00057565 BTC/Kb. I'm not sure why Tx2 is unconfirmed for so long...

Usually when I get transaction pending for a long time even though I use the recommended fees it is simply because of an overload of the network:

Either blocks are not being found fast enough (slow streak, couple of 40-60 min blocks can really slow everything down and create huge back logs), or the number of transactions is very high for some reason.

It will confirm eventually though, especially if you use sufficient fees.

Tx2, Tx3 & Tx4 have already been confirmed. Tx1 is still pending. The funny thing is that, while u and many others are waiting for their Tx to get confirmed, Antpool mined a 2.1 Kb block with just 7 Tx in it.

https://www.blocktrail.com/BTC/block/000000000000000000bb3e10a391afc5c5ec653ca57603cb585070cc0b751fc7

80 satoshi seems like a huge amount for something like that. I would say something like 40 Satoshi per byte to bring it closer to 200-ish minutes at most. Not point forcing it to be within 30 minutes or whatever, since the transactions I make typically only take something like 30 minutes at most and I'm using maybe something like 50 satoshi per byte (or the rough equivalent).

All the Tx are now confirmed. Number of unconfirmed transactions have significantly gone down.

Probably just the network having an aneurysm again, they should be going through soon regardless of what you paid for it. Those are kinda big fees IMO, so I don't know what could be going wrong and what you're missing.

i assume it has been some time since you posted, i peeked at the first one and saw that you already had it, if there are more issues just reply back, it looks like something that solved itself since you posted.

the confirmations come really slowly nowadays with smaller fees, we need to include huge fees unfortunately to get transactions confirmed

i think if the network is not on heavy traffic then the transaction will arrive in our wallet soon, not takes too long, i think in under 30 minutes it should arrive. but if the traffic is heavy like last night then it might get more times to arrive in our wallet because for last night, i have experience that i receive my withdrawal in about 45 minutes - 1 hours. but all in all, it still deposit into my wallet, so i am not worried about that.

that also means, sometimes, that your best bet is a software wallet.  that might not apply in a case like this, as it looks like a site paid you.  it can get tricky, i had a recent yobit to another site TX take almost 4 hours because apparently yobit paid a very low fee.  if you do not have control over the sender, then wait and process one large TX versus smaller ones.

The transaction is placed in low priority, seems the recommended fee increases in this time? but for the first 1 transaction is very long time to waiting.

As i observed to my friend to do some transactions, it is not that long to wait to confirm the transaction. Like he did before, maybe it was just maybe more or less 1 day. And its worth it to wait  :)

If we look now, all of the above transactions are confirmed. The confirmation time required for transaction 3 and 4 is quite similar (around 150 minutes) as both contain almost similar fee per byte. Where as 1st transaction took more than 400 minutes to confirmed because it have very low fee per byte. Confirmation time is indirectly proportional to transaction fee included per byte.

I always pay a little higher fee than the normal recommended fee, because in some instances the network fluctuate when these sinister <stress tests> are being done. ^ ???^ So my tx would have a bit of a edge, over the people who are only paying the recommended fee. ^smile^

This will not work, if everyone is doing it. ^LoL^

I guess, once most nodes implement RBF, this problem will go away.

I don't understand how you do it, but I know that this is all happening because there are transactions in the bitcoin system has increased. So it's something reasonable thing happens and maybe in the future there will be additions to this problem or there might be changes in the way

It depends on what platform you are using to access your wallet. Some wallet providers determine the best fee for you, so that you do

not have to calculate it yourself. { or make a typo and send most of your money in fees } There are also options in some wallets for you

to enter the fee yourself. What wallet provider are you using? Desktop / Online ....?

Well this is happening and even worst than others. I have read a problem that on his transaction he almost lost 0.01 for the transaction fees that he had for. But it seems that the same problem that he is still not able to be confirmed and sent the bitcoin to someone for his payment. I don't know maybe the miners are having problems too.

All depends on the current load of the network.

Actually i dont know on how long it might take time to confirm for every transactions. Because i never done this now or before, but my friend of my already making some transactions. As i observed or he what he shared to use, it depends on what transactions you will undergo and i think it will take a longer time to do some transactions as i've read in the forums. But as i said earlier,i never done some transactions.