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Title: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: Jhanzo on July 28, 2020, 06:56:56 PM Haven't been using bitcoin in over a year so I've no idea where to check or how to make it faster. Can I still spend the output with higher fee to make it confirm faster?
Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: AB de Royse777 on July 28, 2020, 06:57:58 PM If you have RBF enable then yes you can. Right now to get the next block you need at-least 120 sat/B (this is crazy) but 50 sat/B is still good. This may take few hours to confirm and if you do not have hurry then it worth to wait.
Which client you are using? Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: jackg on July 28, 2020, 06:58:23 PM I think 50 sats per byte should take 4nor 5 hours. I sent a transaction before with that fee I'll see if its confirmed.
You can do a cpfp if you want to. Edit: it's 10mb from the tip mine. So is unconfirmed. Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: Jhanzo on July 28, 2020, 07:02:35 PM Thanks. Unfortunately I forgot to enable rbf so I'll just try cpfp.
Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: AB de Royse777 on July 28, 2020, 07:03:49 PM Thanks. Unfortunately I forgot to enable rbf so I'll just try cpfp. If you have the change address then you can. In case if you are using Electrum here is a tutorial: https://bitcoinelectrum.com/how-to-do-a-manual-child-pays-for-parent-transaction/ Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: The Sceptical Chymist on July 28, 2020, 07:05:44 PM I think 50 sats per byte should take 4nor 5 hours. I guess it all depends, but yesterday I had a transaction stuck in the network for more than 5 hours and I'd included a fee of 65.7sats/byte. Right now to get the next block you need at-least 120 sat/B (this is crazy) but 50 sat/B is still good. That is indeed crazy, and it annoys me when the network gets this constipated. It was much worse a couple of years ago if I'm remembering correctly--but I do recall that the minimum fee to send about $120 worth of bitcoin from my Mycelium wallet was roughly $45. That's an issue with Mycelium, though, and it's why I don't use it much anymore.Title: Re: Accidentally sent a transaction with 50 sat/b. Will I have to wait long? Post by: Jhanzo on July 28, 2020, 07:50:30 PM Just got confirmed. Thanks folks.
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