Bitcoin Forum

Bitcoin => Bitcoin Technical Support => Topic started by: matta087 on June 13, 2017, 09:57:04 AM



Title: 12 hrs no confirm
Post by: matta087 on June 13, 2017, 09:57:04 AM
Hi,

I'm trying to withdraw money from my sportsbook after the warriors won the nba finals. My transaction is appearing as receiving in my wallet but it has been 12 hrs already and i still haven't received anything. Is there something wrong with the network?

https://blockchain.info/tx/4070c1c11bf392c5ddc720d7efe60ba9dadecd345eb71ea4cce2cdad482e1666


Title: Re: 12 hrs no confirm
Post by: matta087 on June 13, 2017, 10:10:22 AM
So it has appeared in my wallet as we speak. However I'd like to know why it was delayed that long.. Any answer would be greatly appreciated.


Title: Re: 12 hrs no confirm
Post by: HCP on June 13, 2017, 11:19:23 AM
I suspect these 3 things contributed greatly:

Quote
Size 5871 (bytes)
Fees 0.008826 BTC
Fee per byte 150.332 sat/B

It's also possible that their were unconfirmed parents, but it's difficult to tell after it has all confirmed.

You might want to switch to a sportsbook that uses "proper" fees when creating transactions :P


Title: Re: 12 hrs no confirm
Post by: NeuroticFish on June 13, 2017, 11:24:55 AM
So it has appeared in my wallet as we speak. However I'd like to know why it was delayed that long.. Any answer would be greatly appreciated.

The network is busy (it was like that for months now) and your fee (150 satoshi/byte) was not great.
I use to look here for graph on how busy the network is and what's the recommended fee: https://btc.com/stats/unconfirmed-tx
If the mempool is on the rise you should pay more than the recommended fee. And I think that it was on the rise when you've sent the transaction.
Even now it's expected that about half of the transactions that paid 140-160 satoshi / byte take more than 12h to confirm.