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Sir_lagsalot (OP)
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September 26, 2015, 11:28:09 PM |
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I recently sent a transaction to a gambling account of mine, and since I was feeling a little poor, I didn't put in a transaction fee. It's been two days, and I've started wondering. When will my bitcoin arrive in this account?
Furthermore, what's the average transaction time of:
1) No fee
2) 0.0002 BTC fee
3)0.0005 BTC fee
4) 1 BTC fee
Thanks for all answers that come my way!
If bitcoin network in normal status, 0.0001BTC is enough for fee, your transaction will be included in the next block. If you include no fee, maybe your transaction will be included within 6 blocks, it need up to 1 hour to finish your transaction. 0.0002 BTC and 0.0005 BTC are used by me when unconfirmed transactions amount are so many. When unconfirmed transactions are many, 0.0002 BTC fee need up to 6 blocks. If you input 0.0005 BTC, your transaction will be included in the next block. If you are have so many BTC, maybe you can try to input 1 BTC to fee  . Average time to find a new block is about 1-15 minutes. Me? 1 BTC? Lol, you gotta be kidding me. What's the reason I didn't put in any fee in the first place? I was just wondering if it's been don't before, or if it will be instantly confirmed. |
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Unlike traditional banking where clients have only a few account numbers, with Bitcoin people can create an unlimited number of accounts (addresses). This can be used to easily track payments, and it improves anonymity.
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VirosaGITS
Legendary
 Offline
Activity: 1302
Merit: 1068
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September 26, 2015, 11:51:04 PM |
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I recently sent a transaction to a gambling account of mine, and since I was feeling a little poor, I didn't put in a transaction fee. It's been two days, and I've started wondering. When will my bitcoin arrive in this account?
Furthermore, what's the average transaction time of:
1) No fee
2) 0.0002 BTC fee
3)0.0005 BTC fee
4) 1 BTC fee
Thanks for all answers that come my way!
If bitcoin network in normal status, 0.0001BTC is enough for fee, your transaction will be included in the next block. If you include no fee, maybe your transaction will be included within 6 blocks, it need up to 1 hour to finish your transaction. 0.0002 BTC and 0.0005 BTC are used by me when unconfirmed transactions amount are so many. When unconfirmed transactions are many, 0.0002 BTC fee need up to 6 blocks. If you input 0.0005 BTC, your transaction will be included in the next block. If you are have so many BTC, maybe you can try to input 1 BTC to fee . Average time to find a new block is about 1-15 minutes. Me? 1 BTC? Lol, you gotta be kidding me. What's the reason I didn't put in any fee in the first place? I was just wondering if it's been don't before, or if it will be instantly confirmed. It can't more money isin't going to make a block happen and make it included. Transactions are only confirmed after included in a block when a miner found it. As such 0.0005/kB would not be any less or faster than 1B/kB. |
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HeroCat
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September 27, 2015, 12:11:06 PM |
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If you put 0.0001 BTC fee - average BTC transfer time can be ~ 1 hour, if you put larger BTC fee, let say 0.0002 BTC, then transfer time will be much faster  |
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RGBKey
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September 27, 2015, 09:18:36 PM |
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Without a transaction fee it's possible no miners will every accept it, but I think eventually you should get a miner to include it. Try re-broadcasting the transaction after a few days if it hasn't confirmed.
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Hugroll
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September 27, 2015, 09:54:09 PM |
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has anyone ever even sent a tx with a 1btc fee?  thats hard to imagine |
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RGBKey
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September 27, 2015, 09:56:16 PM |
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has anyone ever even sent a tx with a 1btc fee? thats hard to imagine People have sent transactions with much larger fees than that. I'm sure there's a way to find them, just google it. |
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chennan
Legendary
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Activity: 1316
Merit: 1004
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September 27, 2015, 10:41:03 PM |
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has anyone ever even sent a tx with a 1btc fee? thats hard to imagine People have sent transactions with much larger fees than that. I'm sure there's a way to find them, just google it. So what's the general consensus of what should be the average miners fee? Usually I set mine at around $.01-$.10 worth, just depends on the amount of bitcoins I'm sending and really would like it to confirm fast. So what amount does everyone else here use? I'm just curious. |
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VirosaGITS
Legendary
Offline
Activity: 1302
Merit: 1068
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September 27, 2015, 10:56:22 PM |
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has anyone ever even sent a tx with a 1btc fee? thats hard to imagine People have sent transactions with much larger fees than that. I'm sure there's a way to find them, just google it. So what's the general consensus of what should be the average miners fee? Usually I set mine at around $.01-$.10 worth, just depends on the amount of bitcoins I'm sending and really would like it to confirm fast. So what amount does everyone else here use? I'm just curious. Sound like way too much. Its not a $ per transaction thing, its a weight thing. If you have one input, then make a transaction with only that input, the transaction will be small, if you have 30 input address and then make one payment, the transaction size will be pretty big. For a typical transaction you'll pay less than 0.0001BTC = 0.0001/kB, because the transaction would be less than a kB of course. You can pay more if you want but again unless its a huge transaction, its a waste of your money. |
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poncho32
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September 28, 2015, 12:03:53 AM |
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has anyone ever even sent a tx with a 1btc fee? thats hard to imagine When Bitstamp was hacked the hacker got the Bitcoins out fast using 1btc fees for every transaction. After Bitstamp realised it had been hacked there was a race between Bitstamp and the hacker to be the one to move the coins first because they both had the private keys. The hacker paid 1btc fees to make the miners include his transaction in the next block rather than Bitstamp's transaction. |
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coinplus
Legendary
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Activity: 1386
Merit: 1058
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September 28, 2015, 04:58:13 AM |
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edric
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September 28, 2015, 10:34:15 AM |
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I recently sent a transaction to a gambling account of mine, and since I was feeling a little poor, I didn't put in a transaction fee. It's been two days, and I've started wondering. When will my bitcoin arrive in this account?
Furthermore, what's the average transaction time of:
1) No fee
2) 0.0002 BTC fee
3)0.0005 BTC fee
4) 1 BTC fee
Thanks for all answers that come my way!
I've had transaction take over a day but I think it has more to do with the person on the other end of it than the blockchain than it does with the transaction size. I could be wrong though. The reason I say this is that legitimate companies always are fairly responsive in that transactions process within 8 hours, but usually within a few minutes. It's generally shady companies like gambling ones that takes forever. Maybe they are just cheap and don't cover transaction fees to speed things up - I don't know. |
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Sir_lagsalot (OP)
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September 28, 2015, 10:47:48 AM |
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I got my transaction bounced back... Yay.
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