Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: reloadnl on February 21, 2017, 03:33:39 PM



Title: Problems with Transaction
Post by: reloadnl on February 21, 2017, 03:33:39 PM
Hello,

I have been using bitcoins for a while now, and never had much problems with them.
The longest i had to wait on a confirm was about 7 hours, though with my latest transaction its almost a day now.
https://blockchain.info/tx/7c4a3d60180cda26d5fd1c57d1f6d36626abb2807788ed1b0611e569ba4a77ad


I know that the wallet that i use is auto adding a fee and i never had a problem that it was to low.
Can anybody tell me if this transaction is ever going to be confirmed, or should i see it as lost money ?
Is there maybe a way to recall my coins ? seen that they are still unconfirmed in my wallet (Electrum)


Greets reload :)


Title: Re: Problems with Transaction
Post by: Jhanzo on February 21, 2017, 03:40:06 PM
Should be confirmed soon.  The 50 satoshi per byte fee is too low to make the transaction confirms faster.  Recommended is 100 satoshi per byte or more.
Next time if you find yourself waiting a little too long for a transaction to confirm because of the low fee, use this site (https://www.viabtc.com/tools/txaccelerator/).
You should move the fee slider on electrum a little bit more to the right.


Title: Re: Problems with Transaction
Post by: devans on February 21, 2017, 03:40:34 PM
Your transaction includes a fee of ~50 satoshis/byte, whereas currently a fee rate of over 100 satoshis/byte is recommended in order for transactions to confirm quickly.

There is a good chance that your transaction will never confirm, but your money won't be lost. In that case it will simply become spendable again as if the transaction had never happened.


Title: Re: Problems with Transaction
Post by: reloadnl on February 21, 2017, 04:33:18 PM
Thanks a lot on the info.
That accelerator site was a real nice tip.
glad that it finally confirmed now after a longer while then normal.
And i will up the fee in the future, just strange it went so fast that the fees became that much higher.


Greets reloadnl :)


Title: Re: Problems with Transaction
Post by: LittleBitFunny on February 21, 2017, 04:55:26 PM
It's all about whether the miners verify the transaction quick enough, and obviously they do the transactions with higher transaction fees first.  Blockchain is a good wallet in that it lets you decide how much you pay for transaction fees.  You're presumably paying the default, which in busy times might sometimes be a problem.  You just need to raise the fees you're paying, and Blockchain gives you a rough estimate of how long it'll take (not always accurate, but you get a vague idea).