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Title: 41 hours to get into blockchain! Post by: Geremia on November 20, 2013, 06:38:41 PM Why did it take this transaction (https://blockchain.info/it/tx/e62d5257bac70e144d76e579cc50ecac9f757ddb6cc665e604604d1cdcdc3855) 41 hours to get into the blockchain? How is that possible?
It was received on 2013-11-18 23:31:24 and only got into block # 270639 (2013-11-20 16:02:07 +2,431 minutes)! It thus instantly jumped from 0 confirmations to 13+ confirmations now. Is this because the volume of BTC transactions has skyrocketed recently (https://blockchain.info/it/charts/n-transactions), and blocks have a transaction number limit, don't they? Title: Re: 41 hours to get into blockchain! Post by: Remember remember the 5th of November on November 20, 2013, 06:56:22 PM Why did it take this transaction (https://blockchain.info/it/tx/e62d5257bac70e144d76e579cc50ecac9f757ddb6cc665e604604d1cdcdc3855) 41 hours to get into the blockchain? How is that possible? Because you didn't pay a fee. Or basically, you were cheap, that's why.It was received on 2013-11-18 23:31:24 and only got into block # 270639 (2013-11-20 16:02:07 +2,431 minutes)! It thus instantly jumped from 0 confirmations to 13+ confirmations now. Is this because the volume of BTC transactions has skyrocketed recently (https://blockchain.info/it/charts/n-transactions), and blocks have a transaction number limit, don't they? Title: Re: 41 hours to get into blockchain! Post by: Geremia on November 20, 2013, 08:15:45 PM Because you didn't pay a fee. Or basically, you were cheap, that's why. Does Bitcoin allow retracting transactions from the network before someone places them in the blockchain?Title: Re: 41 hours to get into blockchain! Post by: grue on November 20, 2013, 08:23:38 PM Because you didn't pay a fee. Or basically, you were cheap, that's why. Does Bitcoin allow retracting transactions from the network before someone places them in the blockchain?Title: Re: 41 hours to get into blockchain! Post by: Geremia on November 29, 2013, 04:18:29 AM Is there a general rule for how much I should make my transaction fees to ensure speedy insertion in blockchain and thus speedy confirmation?
Title: Re: 41 hours to get into blockchain! Post by: DeathAndTaxes on November 29, 2013, 04:19:32 AM Is there a general rule for how much I should make my transaction fees to ensure speedy insertion in blockchain and thus speedy confirmation? the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB. Title: Re: 41 hours to get into blockchain! Post by: Light on November 29, 2013, 04:30:14 AM the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB. You can also choose to have a larger transaction fee if you want your transaction to go through faster. Honestly, if I were you though I would avoid not paying tx fees. Title: Re: 41 hours to get into blockchain! Post by: Geremia on November 29, 2013, 04:34:50 AM the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB. You can also choose to have a larger transaction fee if you want your transaction to go through faster. Honestly, if I were you though I would avoid not paying tx fees. Title: Re: 41 hours to get into blockchain! Post by: BitCloud on November 29, 2013, 04:43:29 AM I did a transaction 1/8th your size without fees and got confirmed a little reluctantly after 2h or so
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