Bitcoin Forum
May 07, 2024, 02:27:51 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Medium Priority? (transfer taking long to confirm w/ fee included)  (Read 4124 times)
XVzN (OP)
Member
**
Offline Offline

Activity: 69
Merit: 10


xVzN ACCT Generator Owner


View Profile
July 07, 2015, 01:43:17 AM
Last edit: July 07, 2015, 01:54:50 AM by XVzN
 #1

I've sent a 6 btc transfer and it hasn't confirmed in almost 3 hours, never had this happen. I'm sure it will confirm eventually but does anyone know how long it usually takes? I'm not too familiar with the fees thing but there is a fee on it. Never had a transaction go to medium priority so I'm wondering.

Estimated Confirmation Time: Within 6 Blocks (Medium Priority)
Total Input: 6.25348802 BTC
Fees: 0.0002 BTC
Size: 1404 (bytes)

BTC address: 12JxEwtUtu9SSNDNg5GBppXmaoBg6PkPjK
1715092071
Hero Member
*
Offline Offline

Posts: 1715092071

View Profile Personal Message (Offline)

Ignore
1715092071
Reply with quote  #2

1715092071
Report to moderator
1715092071
Hero Member
*
Offline Offline

Posts: 1715092071

View Profile Personal Message (Offline)

Ignore
1715092071
Reply with quote  #2

1715092071
Report to moderator
"Your bitcoin is secured in a way that is physically impossible for others to access, no matter for what reason, no matter how good the excuse, no matter a majority of miners, no matter what." -- Greg Maxwell
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715092071
Hero Member
*
Offline Offline

Posts: 1715092071

View Profile Personal Message (Offline)

Ignore
1715092071
Reply with quote  #2

1715092071
Report to moderator
1715092071
Hero Member
*
Offline Offline

Posts: 1715092071

View Profile Personal Message (Offline)

Ignore
1715092071
Reply with quote  #2

1715092071
Report to moderator
1715092071
Hero Member
*
Offline Offline

Posts: 1715092071

View Profile Personal Message (Offline)

Ignore
1715092071
Reply with quote  #2

1715092071
Report to moderator
achow101
Moderator
Legendary
*
Offline Offline

Activity: 3388
Merit: 6631


Just writing some code


View Profile WWW
July 07, 2015, 02:07:17 AM
 #2

Priority is calculated with this formula
Code:
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
where the base units are satoshis and input age is the number of confirmations.
I don't remember what the thresholds are, but the lower the priority number, the more time it will take for a transaction to be confirmed. It may also be taking a long time to confirm because someone is spamming the network and creating thousands of unconfirmed transactions. This creates a backlog.

XVzN (OP)
Member
**
Offline Offline

Activity: 69
Merit: 10


xVzN ACCT Generator Owner


View Profile
July 07, 2015, 05:00:15 AM
 #3

Thanks.

Still has not gone through after 6 hours Sad


BTC address: 12JxEwtUtu9SSNDNg5GBppXmaoBg6PkPjK
cr1776
Legendary
*
Online Online

Activity: 4032
Merit: 1301


View Profile
July 07, 2015, 09:57:14 AM
 #4

Thanks.

Still has not gone through after 6 hours Sad



Do you have the transaction id?
zvs
Legendary
*
Offline Offline

Activity: 1680
Merit: 1000


https://web.archive.org/web/*/nogleg.com


View Profile WWW
July 07, 2015, 05:05:49 PM
 #5

that's odd, 1400 bytes and 0.0002 should have confirmed np. 

ofc you should always change that 0.0002 into 0.00021, or the 0.0001 into 0.00011, this Changes Your Frown to a Smile
shorena
Copper Member
Legendary
*
Offline Offline

Activity: 1498
Merit: 1520


No I dont escrow anymore.


View Profile WWW
July 08, 2015, 08:42:17 AM
 #6

that's odd, 1400 bytes and 0.0002 should have confirmed np. 

ofc you should always change that 0.0002 into 0.00021, or the 0.0001 into 0.00011, this Changes Your Frown to a Smile

There are plenty TX waiting currently, in fact we have an all time high that tripled the previous high. Some even report that there over 50K TX waiting for confirmation. I would not change my behavior regarding fees just because someone is doing a stress test of the network.


Im not really here, its just your imagination.
DannyHamilton
Legendary
*
Offline Offline

Activity: 3388
Merit: 4653



View Profile
July 08, 2015, 11:49:52 AM
 #7

I would not change my behavior regarding fees just because someone is doing a stress test of the network.

Unless I wanted my transaction to confirm quickly, in which case that is exactly why transaction fees exist. They allow me to give my transaction priority over the thousands of lower priority transactions that pay a lower fee than me.
zvs
Legendary
*
Offline Offline

Activity: 1680
Merit: 1000


https://web.archive.org/web/*/nogleg.com


View Profile WWW
July 09, 2015, 09:22:21 AM
 #8

that's odd, 1400 bytes and 0.0002 should have confirmed np.  

ofc you should always change that 0.0002 into 0.00021, or the 0.0001 into 0.00011, this Changes Your Frown to a Smile

There are plenty TX waiting currently, in fact we have an all time high that tripled the previous high. Some even report that there over 50K TX waiting for confirmation. I would not change my behavior regarding fees just because someone is doing a stress test of the network.


I wouldn't be changing it because 'someone is doing a stress test' (odd stress test that, since the core client rejects those transfers as dust), i'd be changing it because .00001 (or .00000001) is worth nothing, yet puts you ahead of all the .0001's
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!