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Author Topic: What if nobody confirms my transaction?  (Read 412 times)
mrneumann5000 (OP)
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June 03, 2013, 04:38:24 PM
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Hey guys, Im really sorry if this is a dumb question, I pretty much am just getting into this whole bitcoin thing. So I just sent a transaction this morning with a pretty high transaction fee, and it went through no problem. So then I realized the fee was too high for the amounts Im sending, and not wanting to waste any more I lowered it to the minimum amount (0.001). But now looking online, I see that may have been a mistake and people might not accept that fee! What happens if they dont accept it? Im just a little worried since ive never worked with this software or anything like it before. But lets say I let this program run all day long and nobody confirms my transaction, then what do I do? I cant sit around for weeks waiting for 6 generous people to accept and confirm my sent bitcoins. Again, sorry if this is a dumb question, I hope to stick around and learn all the tricks of the trade from you well-versed miners and bitcoin experts. Thank you,
-Mr. Neumann
orymh
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June 03, 2013, 04:45:59 PM
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It's not a dumb question by any means - that's one of the more complicated pieces of the whole Bitcoin puzzle. The bottom line is, your transaction will go through eventually no matter what. If you pay a low (or no) fee, though, you'll have to wait longer. It can sometimes take several days for transactions to go through.

fmota
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June 03, 2013, 04:50:38 PM
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Hi mrneumann5000. Don't worry! Your transaction will go through! A fee of 0.001 is typically enough to be confirmed in 15 minutes or so. Note that even transactions without fees become confirmed eventually -- though it takes a lot longer. So just relax!
mrneumann5000 (OP)
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June 03, 2013, 05:03:50 PM
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Hey thanks a lot guys! Just as I refreshed this page and read the replies I got 2 connections. Im glad to see such a helpful comminunity here, I appreciate it very much.
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