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Author Topic: How to make bitcoin transaction get 3 confirmations faster?  (Read 1558 times)
Towelielie (OP)
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April 01, 2016, 12:46:38 AM
 #1

Its crucial to me to get 3 confirmations fast as I need to get 3 confirmations in order to use that bitcoin. Usually it takes like 30 mins to 1 hour to get 3 confirmations but by that time place where I wanna buy something goes out of stock..

So is there any way to make it go faster? :c
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April 01, 2016, 12:50:45 AM
 #2

So is there any way to make it go faster? :c
You can pay a higher fee, which makes your transaction more likely to be included in the next upcoming block.
After that, there's nothing you can do about the confirmations, as it's going to get one with each new block, and the time between blocks (while being on average 10 minutes) varies.

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April 01, 2016, 12:51:21 AM
 #3

Its crucial to me to get 3 confirmations fast as I need to get 3 confirmations in order to use that bitcoin. Usually it takes like 30 mins to 1 hour to get 3 confirmations but by that time place where I wanna buy something goes out of stock..

So is there any way to make it go faster? :c

Well from 1 to 3 it takes 2 block. But to get first confirmation its luck and it depend on your paid fee.


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Towelielie (OP)
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April 01, 2016, 12:59:07 AM
 #4

So is there any way to make it go faster? :c
You can pay a higher fee, which makes your transaction more likely to be included in the next upcoming block.
After that, there's nothing you can do about the confirmations, as it's going to get one with each new block, and the time between blocks (while being on average 10 minutes) varies.

So if i pay higher fee only 1st confirmation will go faster, other 2 will be same?
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April 01, 2016, 01:02:11 AM
 #5

So if i pay higher fee only 1st confirmation will go faster, other 2 will be same?
You can't get a confirmation without a block.
The first confirmation is the block your transaction is included.
The chances of your transaction being included in a block are tied to some factors, the most important one is the fee you pay.
After that, every block on top of the block your transaction was included will act as one more confirmation for said transaction.

The fee will have an influence on whether or not your transaction is included in the first block, but it won't make the second and third blocks be discovered any faster,
those factors are out of your power.

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Towelielie (OP)
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April 01, 2016, 01:16:59 AM
 #6

So if i pay higher fee only 1st confirmation will go faster, other 2 will be same?
You can't get a confirmation without a block.
The first confirmation is the block your transaction is included.
The chances of your transaction being included in a block are tied to some factors, the most important one is the fee you pay.
After that, every block on top of the block your transaction was included will act as one more confirmation for said transaction.

The fee will have an influence on whether or not your transaction is included in the first block, but it won't make the second and third blocks be discovered any faster,
those factors are out of your power.

https://www.cryptocoinsnews.com/3-solutions-instant-bitcoin-confirmations/

Will any of this help? xD
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April 01, 2016, 01:19:21 AM
 #7

Only when initiated by the one accepting your payment, hence if they don't offer you anything like this, there's little hope for you to being abled to convince them.

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April 01, 2016, 02:27:29 AM
 #8

Some sites have payment options associated with online wallets. Using that would allow instant confirmation. Is an option like that available?
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April 01, 2016, 02:33:09 AM
 #9

I know that confirmation is directly linked to mining and exploring blocks. But what will happen where there won't be anything to mine in the future.
There won't be blocks right? How bitcoin network will be confirming transactions then?
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April 01, 2016, 02:47:11 AM
 #10

I know that confirmation is directly linked to mining and exploring blocks. But what will happen where there won't be anything to mine in the future.
There won't be blocks right? How bitcoin network will be confirming transactions then?
that the thing that i always wondering. But after reading this thread someone mentioned that "the Blocks will return 0 satoshis by year 2141 or so"
but eventually we're not living at that age
refference
https://bitcointalk.org/index.php?topic=71176.0
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April 01, 2016, 02:50:35 AM
 #11

I know that confirmation is directly linked to mining and exploring blocks. But what will happen where there won't be anything to mine in the future.
There won't be blocks right? How bitcoin network will be confirming transactions then?
There never will be "nothing to mine".
Once the block reward reaches 0 sat (as pointed out by dollarneed, in over 100 years,
the miners will solely rely on the transaction fees being paid as rewards.

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April 01, 2016, 06:22:39 AM
 #12

Some sites have payment options associated with online wallets. Using that would allow instant confirmation. Is an option like that available?

those are off chain service, there is nothign like this built directly into the wallet
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April 01, 2016, 06:25:55 AM
 #13

Nothing you can do to increase the speed of block generation except for joining the mining to creat more hash temporarily. After the first confirmation it is just about getting the next two blocks fast and this is all chance. Sometimes it takes minutes, sometimes more than an hour. On average it will be close to 10 min still.

Hope you got to buy what you wanted before it ran out of stock!
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April 01, 2016, 06:53:16 AM
 #14

Increasing you fee is really the main thing you can do to have your transaction included quicker, the only sites I have come across that have instant confirmations are gambling sites which kind of makes sense as they want you to be lose your money quickly. Cheesy
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April 01, 2016, 07:22:34 AM
 #15

You cant increase the block time lol
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April 01, 2016, 07:28:19 AM
 #16

You cant increase the block time lol
Increasing the block time would be contraproductive, when trying to get confirmations fast.

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lolxxxx
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April 01, 2016, 07:49:06 AM
Last edit: April 01, 2016, 03:44:16 PM by lolxxxx
 #17

You can get your confirmations fast by increasing the fees higher then normal , like when we process payment from blockchain.info it put 0.0001 fees to any amount of transactions Also it depends on the size of your transaction , If you put higher fees then your transaction will get confirm fast. Try to put at least 0.0002 fees per transaction.
You just need to wait for 3 blocks to be mined otherwise there is no way .
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April 01, 2016, 10:28:26 AM
 #18

Increasing you fee is really the main thing you can do to have your transaction included quicker, the only sites I have come across that have instant confirmations are gambling sites which kind of makes sense as they want you to be lose your money quickly. Cheesy
yes that's right,more fee or transaction and more speed of transaction will made,but i wondering is every wallet have this feature?i mean to increase the fee and make transaction faster to confirm?because i see some case that transaction delay so long even it have big fee.
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April 01, 2016, 03:04:34 PM
 #19

AFAIK, no matter how much higher fee you've included, you've to wait until 3 blocks mined to get 3 confirmations. If you include higher fees, your tx just got higher priority.
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April 01, 2016, 08:23:59 PM
 #20

It won't be possible to get 3 confirms faster, but come on mate, it just takes ~10 minutes to generate a block at current difficulty too, and sometimes miners find 2 - 3 blocks in a matter of minutes, so waiting is the only option you have in the end...

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