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Title: unconfirmed tx Post by: DigiSoul on November 25, 2016, 09:12:18 AM I want to know what is unconfirmed and confirmed transaction and can i confirm any transaction?? And if also transaction is made by two people why it shows more of it like 24 confirmations etc??
Title: Re: unconfirmed tx Post by: Lauda on November 25, 2016, 09:53:53 AM A transaction is unconfirmed as soon as it's created and relayed. This means that it is currently in the mempool (which is kind of a 'pool' of transactions) and has not been included in any block. As soon as a miner includes it into a block, it will have 1 confirmation. For every successive block it will gain another confirmation. So in your example, 24 is the number of blocks that have passed since the inclusion of the transactions into a block (including this block itself).
can i confirm any transaction?? Miners do that. All you have to do it pay the appropriate TX fee.Title: Re: unconfirmed tx Post by: DigiSoul on November 25, 2016, 03:04:26 PM A transaction is unconfirmed as soon as it's created and relayed. This means that it is currently in the mempool (which is kind of a 'pool' of transactions) and has not been included in any block. As soon as a miner includes it into a block, it will have 1 confirmation. For every successive block it will gain another confirmation. So in your example, 24 is the number of blocks that have passed since the inclusion of the transactions into a block (including this block itself). Thanks #Lauda .. That was a great help :)can i confirm any transaction?? Miners do that. All you have to do it pay the appropriate TX fee.Title: Re: unconfirmed tx Post by: Amon Raa on November 25, 2016, 03:55:21 PM I paid high fee on every transaction I did and there is a delay in confirming the transactions and I think there is something with the network.
Title: Re: unconfirmed tx Post by: Lauda on November 25, 2016, 03:57:05 PM I paid high fee on every transaction I did and there is a delay in confirming the transactions and I think there is something with the network. False. I'm going to assume that you don't even know how the include the proper fee (as it depends on the TX size) and think that a custom fixed fee is always adequate and *high*. The network is fine, your TX fee was inadequate. Title: Re: unconfirmed tx Post by: unholycactus on November 25, 2016, 04:34:51 PM I paid high fee on every transaction I did and there is a delay in confirming the transactions and I think there is something with the network. False. I'm going to assume that you don't even know how the include the proper fee (as it depends on the TX size) and think that a custom fixed fee is always adequate and *high*. The network is fine, your TX fee was inadequate. There's a possibility of high variance in block confirmation times. But you're right, it's more likely that OP doesn't understand how set a proper tx fee. Title: Re: unconfirmed tx Post by: Lauda on November 25, 2016, 04:37:03 PM There's a possibility of high variance in block confirmation times. But you're right, it's more likely that OP doesn't understand how set a proper tx fee. However, that doesn't happen frequently and it's not something that we are not familiar with since it has been a possibility since the creation of Bitcoin. The time between two blocks can be a lot higher than 10 minutes (e.g. 1 hour). This only ever happens rarely though. Title: Re: unconfirmed tx Post by: monbux on November 26, 2016, 04:53:32 AM There's a possibility of high variance in block confirmation times. But you're right, it's more likely that OP doesn't understand how set a proper tx fee. However, that doesn't happen frequently and it's not something that we are not familiar with since it has been a possibility since the creation of Bitcoin. The time between two blocks can be a lot higher than 10 minutes (e.g. 1 hour). This only ever happens rarely though. |