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Title: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question Post by: Get-Paid.com on January 14, 2018, 05:05:57 PM Does this mean if this transaction was sent with additional 3 Sat/B then it would have been completed by now? (currently 2.5h with no confirmation):
https://blockchain.info/tx/1ed17af552439216c761b8880a9fa1ee6a3a38f82cfd0ac873fd797a6c147bee Title: Re: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question Post by: LoyceV on January 14, 2018, 05:10:29 PM No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found.
If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further. Title: Re: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question Post by: Get-Paid.com on January 14, 2018, 05:16:35 PM No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found. If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further. Thanks! Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed? Title: Re: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question Post by: LoyceV on January 14, 2018, 05:47:54 PM Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed? That block is complete already.What is Bitcoin transaction locktime? (https://www.cryptocompare.com/coins/guides/what-is-bitcoin-transaction-locktime/) In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited. Title: Re: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question Post by: Get-Paid.com on January 14, 2018, 06:02:04 PM Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed? That block is complete already.What is Bitcoin transaction locktime? (https://www.cryptocompare.com/coins/guides/what-is-bitcoin-transaction-locktime/) In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited. Thanks. |