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Author Topic: Bitcoin acceleration services - Fee comparison  (Read 538 times)
stompix (OP)
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January 12, 2024, 09:47:17 AM
 #21

There is also BitAccelerate for those who wants to take a shot in using a free accelerator service. Though with my experience on this service, they aren't as quick as ViaBTC or Antpool's.
Bitaccelerate don't accelerate your transaction at all. They only rebroadcast your transaction and that's different from accelerating.

I really don't understand why some still use BitAccelerate it says there clearly:
Quote
Our service will rebroadcast the transaction via 10 Bitcoin nodes

it's a rebroadcast system, if your tx has such a low fee that it's going to be purged by nodes then there is no chance in hell it would get confirmed, it would be at least 100 block under , so what's the point? Actually since they don't ask for a fee, what's the point of that website also? Not going to disable adguard to check but other than income ads and donations I really don't see a reason for its existence!

Cheap marketing? Huh. I assume, highest percentage of smart people make RBF-enabled transactions, so, there you have a majority of people who have no idea about RBF and correct transaction fees. This marketing is aimed towards those people to give them a false sense of discount and motivate them to accelerate transaction on Binance immediately.

Yeah, cheap marketing!
Because it's not a product on a market , it's not like you're offering a pepsi bottle 50 cents cheapen than the shop next door, it's not like selling a phone that was 1000 yesterday for 900 now! It's a sum that fluctuates according to the mempool congestion, so saying you offer a discount to a non existent prior price is just garbage!

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January 12, 2024, 10:07:59 AM
 #22

it's a rebroadcast system, if your tx has such a low fee that it's going to be purged by nodes then there is no chance in hell it would get confirmed, it would be at least 100 block under , so what's the point? Actually since they don't ask for a fee, what's the point of that website also?
It seems that they themselves don't know what accelerating means and how that's different from rebroadcasting.
Their website name suggests that it's an accelerating service. They say "BitAccelerate is a free Bitcoin transaction accelerator" and then they say "Our service will rebroadcast the transaction via 10 Bitcoin nodes."

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January 13, 2024, 02:53:00 PM
 #23

I used to just rely in ViaBTC's free accelerator for some of my transactions just a few weeks back. It's a shame that they feel the need to reduce the slots in the free service and move forward with their paid accelerators.. Oh well, they have the machines anyway.
It used to be 100 free accelerations per hour. Did they reduce it? The browser I am trying to load the site is giving an error and the data are not loading to check it myself.

- Viabtc offers free slots but has the highest paid acceleration fee
It is true. I once tried their paid acceleration and I was frustrated. The paid acceleration fees are not reasonable.

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January 14, 2024, 12:52:07 PM
Merited by AB de Royse777 (5), ABCbits (2)
 #24

It used to be 100 free accelerations per hour. Did they reduce it? The browser I am trying to load the site is giving an error and the data are not loading to check it myself.

https://bitcointalk.org/index.php?topic=5479485.60
Down to 20! Also don't try to refresh it too much, you'll get an autoban, especially if you're on a VPN.

And you nee to paste the tx after the 00:00 and hit the button, it doesn't count like before the moment you solved the captcha, so you can't have it all ready by the exact 00 and just then press the button. You need to both paste the tx and solve the captcha after that, if you're not on a desktop and fast internet you have no real chances, just the loading time on my mobile (on 5G) is a turn-off.

It is true. I once tried their paid acceleration and I was frustrated. The paid acceleration fees are not reasonable.

If ever needed, use antpool!
I randomly picked a 1 input ~100 output tx out of the mempool and the resultsa re liek this:
Antpool:
Quote
Transaction volume:4411 vBytes = (4411 + 0) vBytes
Acceleration price:531.17 USDT
Viabtc:
Quote
4411 Bytes = (4411 + 0) Bytes
0.0423456 BTC ≈ 1811.15

Of course it's bigger than what you probable have but it's still 300% more expensive!




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January 18, 2024, 04:32:17 PM
 #25

I used to just rely in ViaBTC's free accelerator for some of my transactions just a few weeks back. It's a shame that they feel the need to reduce the slots in the free service and move forward with their paid accelerators.. Oh well, they have the machines anyway.
It used to be 100 free accelerations per hour. Did they reduce it? The browser I am trying to load the site is giving an error and the data are not loading to check it myself.

It's now sitting at 20 free accelerations per hour, a far cry from where we're standing before. I never really got the chance to use it again since I last used it on the 29th of December since bots are always at it taking the free slots.

- Viabtc offers free slots but has the highest paid acceleration fee
It is true. I once tried their paid acceleration and I was frustrated. The paid acceleration fees are not reasonable.

I went and checked a stuck transaction I have for 3 weeks (though stupid on my part, I tried adding that dust into the transaction) and was amazed that they were asking $108 worth of crypto to accelerate the transaction. Mempool.space offered about $20 to have this transaction pushed, but perhaps I'll just wait until this whole Ordinals thing is done, or still keep trying free accelerators to see if I have any luck with them.

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January 18, 2024, 06:35:01 PM
 #26

I never really got the chance to use it again since I last used it on the 29th of December since bots are always at it taking the free slots.
I don't even try to use ViaBTC free accelerator anymore, the chances are just slim to none and since fees are not so high right now, i just pay the appropriate fee.
Mempool.space offered about $20 to have this transaction pushed, but perhaps I'll just wait until this whole Ordinals thing is done, or still keep trying free accelerators to see if I have any luck with them.
The fee rate attached to your tx is 16 sat/vByte, i think it is going to be a long time before fee rate in the mempool drops to that level. However, the ordinal spammers have taken a little break of late and that is why tx fees have dropped and i don't know if we are going to see an end to this anytime soon.

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January 18, 2024, 10:19:28 PM
 #27

I never really got the chance to use it again since I last used it on the 29th of December since bots are always at it taking the free slots.
I don't even try to use ViaBTC free accelerator anymore, the chances are just slim to none and since fees are not so high right now, i just pay the appropriate fee.


Yes, right now everything seems to be pretty calm, especially in the afternoon in the West. Since I got this stupid transaction out, I made sure that I am paying the right fee and not including any dust outputs. Crazy how I was able to get a transaction with a very low amount just a few months back, and now I have to refer to mempool.space to check what is the most economical fee I could pay to get transactions going Cheesy

Mempool.space offered about $20 to have this transaction pushed, but perhaps I'll just wait until this whole Ordinals thing is done, or still keep trying free accelerators to see if I have any luck with them.
The fee rate attached to your tx is 16 sat/vByte, i think it is going to be a long time before fee rate in the mempool drops to that level. However, the ordinal spammers have taken a little break of late and that is why tx fees have dropped and i don't know if we are going to see an end to this anytime soon.

That's stupid on my part to include dust on the transaction. Even ViaBTC's free accelerator won't accept this transaction in their service. It may even take a month or two before this transaction gets confirmed, or I might have to accept defeat and get a paid service accelerate it for me and just blow whatever remains of that $100 transaction.

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hosseinimr93
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January 19, 2024, 08:13:11 AM
 #28

That's stupid on my part to include dust on the transaction. Even ViaBTC's free accelerator won't accept this transaction in their service. It may even take a month or two before this transaction gets confirmed, or I might have to accept defeat and get a paid service accelerate it for me and just blow whatever remains of that $100 transaction.
You don't have to use an accelerator for your transaction.
The fee rate you used for your transaction is below the purging fee rate of any node with default mempool size. This means that there are many nodes that don't have your transaction in their mempool.
You can import your wallet into electrum, try connecting to different servers until you find a one that doesn't have your transaction in its mempool and then make a new transaction.

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FinneysTrueVision
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January 20, 2024, 03:56:34 AM
Last edit: January 20, 2024, 04:25:53 AM by FinneysTrueVision
Merited by stompix (2)
 #29

Since ViaBTC's free accelerator doesn't work anymore I tried to use Antpool's paid accelerator yesterday.  I didn't have any USDT so I waited until I could make an exchange today to try again but they have now changed the minimum cost you have to pay for an acceleration to $50.





There is also BitAccelerate for those who wants to take a shot in using a free accelerator service. Though with my experience on this service, they aren't as quick as ViaBTC or Antpool's.
Bitaccelerate don't accelerate your transaction at all. They only rebroadcast your transaction and that's different from accelerating.


Bitaccelerate recently launched a premium acceleration service although there aren't much details on which pools they are partnering with.
https://bitaccelerate.com/premium

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dothebeats
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January 20, 2024, 07:28:05 AM
Last edit: January 22, 2024, 03:01:47 AM by dothebeats
 #30

That's stupid on my part to include dust on the transaction. Even ViaBTC's free accelerator won't accept this transaction in their service. It may even take a month or two before this transaction gets confirmed, or I might have to accept defeat and get a paid service accelerate it for me and just blow whatever remains of that $100 transaction.
You don't have to use an accelerator for your transaction.
The fee rate you used for your transaction is below the purging fee rate of any node with default mempool size. This means that there are many nodes that don't have your transaction in their mempool.
You can import your wallet into electrum, try connecting to different servers until you find a one that doesn't have your transaction in its mempool and then make a new transaction.

The thing is, this wallet is Bitcoin Android Wallet which cannot be imported to another wallet as far as I know. I tried looking for other methods to import the private key to another client but with no luck. I was already on to it when I realized I screwed up but lo and behold, this particular wallet is a hermit that does not want to outgrow its own shell, hence why I rely on rebroadcasting the tx and looking to get it accelerated for a fee eventually.

EDIT: This has since been resolved. I managed to follow the steps in this topic and restored my wallet to Electrum.

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January 20, 2024, 10:47:04 AM
 #31

Since ViaBTC's free accelerator doesn't work anymore I tried to use Antpool's paid accelerator yesterday.  I didn't have any USDT so I waited until I could make an exchange today to try again but they have now changed the minimum cost you have to pay for an acceleration to $50.

At least their price per vb seems to not have moved, so it's just that they are not really interested in little payments anymore, any larger tx would anyhow go voer the limit.
At 30sat/b they charged 22.15 USDT for 177 vBytes 
At 35sat/b they charge 58.30 USDT for 622 vBytes

Bitaccelerate recently launched a premium acceleration service although there aren't much details on which pools they are partnering with.
https://bitaccelerate.com/premium

Hmmm..they change Fiat amount: $186.00 for what antpool charges $60 so , combined with this:
Quote
1.2. Refund Exclusions
- We do not refund if another pool mines the transaction before ours.
u get the idea  Grin

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January 20, 2024, 01:51:53 PM
 #32

I never really got the chance to use it again since I last used it on the 29th of December since bots are always at it taking the free slots.
I don't even try to use ViaBTC free accelerator anymore, the chances are just slim to none and since fees are not so high right now, i just pay the appropriate fee.

How have you then cope with the time when the transaction fee were high, don't you make transactions or you just deliberately avoid making transactions.

Quote from: dothebeats
link=topic=5480657.msg63519165#msg63519165 date=1705595537
Mempool.space offered about $20 to have this transaction pushed, but perhaps I'll just wait until this whole Ordinals thing is done, or still keep trying free accelerators to see if I have any luck with them.
The fee rate attached to your tx is 16 sat/vByte, i think it is going to be a long time before fee rate in the mempool drops to that level. However, the ordinal spammers have taken a little break of late and that is why tx fees have dropped and i don't know if we are going to see an end to this anytime soon.

Maybe we should expect this to last for now while we expect something to serve as a lasting solution to high transaction fee, honestly I don't like it to have bitcoin as something that will be unaffordable by many to make transaction, but with the help of mempool and the viabtc, we could achieve something fare as transaction fee.

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January 20, 2024, 02:32:37 PM
 #33

How have you then cope with the time when the transaction fee were high, don't you make transactions or you just deliberately avoid making transactions.
I used to get a lot of luck when the slot for ViaBTC's free acceleration was 100 and when bots had not taken over, but now i don't even try because the chances are so low. Right now the fee rate is not as bad as it was, you just have to make sure not to accumulate too many inputs and if you do, use coin control when spending to reduce the number of inputs.
honestly I don't like it to have bitcoin as something that will be unaffordable by many to make transaction,
Nobody likes it that BTC has become unusable as a payment option, and people now use it when they have no choice but to make the tx.

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