Bitcoin Forum
September 06, 2025, 06:08:30 PM *
News: Latest Bitcoin Core release: 29.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: transactions even with fees take forever.  (Read 877 times)
hamdi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
February 26, 2013, 01:02:05 AM
 #1

i had a small tx with 0.001 fee and waiting for 5 blocks now and it never got included.
is this just bad luck or is it normal by now??
MoonShadow
Legendary
*
Offline Offline

Activity: 1708
Merit: 1011



View Profile
February 26, 2013, 01:04:25 AM
 #2

I thought the minimum fee to be regarded as a fee paying transaction was .005 BTC.  That's what my client defaults to, anyway. 

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
hamdi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
February 26, 2013, 01:05:30 AM
 #3

i sent from blockchain.info wallet and that one adjusts fees how it feels correct there.
DannyHamilton
Legendary
*
Offline Offline

Activity: 3640
Merit: 5177



View Profile
February 26, 2013, 01:05:48 AM
 #4

That depends on the size of the transaction.  If it was more than 10 kb in size, then 0.001 BTC isn't a large enough fee.

I believe the limit in the reference client for relaying a transaction is 0.0001 BTC per kb.
hamdi (OP)
Hero Member
*****
Offline Offline

Activity: 826
Merit: 500



View Profile
February 26, 2013, 01:06:42 AM
 #5

its good below that 2k
DannyHamilton
Legendary
*
Offline Offline

Activity: 3640
Merit: 5177



View Profile
February 26, 2013, 01:11:03 AM
 #6

its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.
MoonShadow
Legendary
*
Offline Offline

Activity: 1708
Merit: 1011



View Profile
February 26, 2013, 01:15:03 AM
 #7

its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.

Logicly, yes.  But bear in mind that modification of the local selection rules requires both the technical ability to do so, and belief that it's worth the effort.  IT's probably not yet worth the effort.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
DannyHamilton
Legendary
*
Offline Offline

Activity: 3640
Merit: 5177



View Profile
February 26, 2013, 01:20:16 AM
 #8

its good below that 2k

If that is true, then it is quite surprising seeing as there were plenty of transactions that were included in the blocks that only had a fee of 0.0005 BTC.  Any miner that wants to increase their profits should be choosing your 0.001 BTC fee transaction over a 0.0005 BTC transaction.

Logicly, yes.  But bear in mind that modification of the local selection rules requires both the technical ability to do so, and belief that it's worth the effort.  IT's probably not yet worth the effort.

Interesting.  I've never really gotten into mining, so I haven't looked into the selection rules much yet.  It doesn't select for highest fee (or highest fee per KB)?  Does it just select most recent qualifying transaction regardless of the fee? Or is it some sort of random selection of qualifying transactions?
grue
Legendary
*
Offline Offline

Activity: 2058
Merit: 1474



View Profile
February 26, 2013, 01:23:37 AM
 #9

Interesting.  I've never really gotten into mining, so I haven't looked into the selection rules much yet.  It doesn't select for highest fee (or highest fee per KB)?  Does it just select most recent qualifying transaction regardless of the fee? Or is it some sort of random selection of qualifying transactions?
inclusion of transactions is based on the "priority" of the transaction, which factors in both the transaction fee, transaction size, and input age.

It is pitch black. You are likely to be eaten by a grue.

Adblock for annoying signature ads | Enhanced Merit UI
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!