Question about low fee transaction

[Naoko]

I have a little question in mind, for example i recieve bitcoins from someone and he paid a very small fee per kb so it will take around few hours before it confirm right? What if i use that inputs for sending the coins to another party and i pay around .001btc per kb as fee which is pretty high i guess, will it help the parent transaction to get confirmed faster?

[Jhanzo]

I have a little question in mind, for example i recieve bitcoins from someone and he paid a very small fee per kb so it will take around few hours before it confirm right? What if i use that inputs for sending the coins to another party and i pay around .001btc per kb as fee which is pretty high i guess, will it help the parent transaction to get confirmed faster?

I believe that's called CPFP (Child Pays for Parent) and it may work.
https://www.reddit.com/r/Bitcoin/comments/4odi90/can_someone_explain_cpfp_child_pays_for_parent/d4bli9b/

[ranochigo]

What if i use that inputs for sending the coins to another party and i pay around .001btc per kb as fee which is pretty high i guess, will it help the parent transaction to get confirmed faster?

Depends. You are effectively creating a transaction that miners who applies the CPFP patch would consider to include in their blocks. The miners would want to mine the whole tree of transaction and collect all the fees. However, not every miner applies the CPFP patch and it is currently a low percentage, I believe Eligius is largest*. It may help if Eligius considers to include yours into their block.

* Please correct me if I'm wrong.

[Naoko]

Thank you for the answers I really appreciate it. I just did sending transaction with much higher fee because I am still waiting for the recieving transaction to confirm for hours now. Hopefully it will work for me.

[DannyHamilton]

* Please correct me if I'm wrong.

You are correct.  Excellent advice, well given.  Thank you for your contributions to this forum, and your willingness to learn and share your knowledge.

[Zadicar]

I have a little question in mind, for example i recieve bitcoins from someone and he paid a very small fee per kb so it will take around few hours before it confirm right? What if i use that inputs for sending the coins to another party and i pay around .001btc per kb as fee which is pretty high i guess, will it help the parent transaction to get confirmed faster?

0.001 transaction fee would really confirm really fast compared to the past transaction made by someone when he send the bitcoin from your wallet. Sending the amount to another wallet is already an another thing and that previous transaction dont have any connections.Therefore sending again the said amount with high transactions fee will surely confirm fast and your assumptions are right.