Multibit and Unconfirmed Transaction Hours Later

[paulb787]

I sent money from my trezor using multibit 6 hours ago and I still don't have a confirmation. 4.879 bitcoins with a .0001 fee. It says it has been seen by 7 peers. Has it propagated?

https://blockchain.info/tx-index/d7dd9601d0941e42044f530795c84e6ea9ffe386177dd553e8fdec7ec7be8854

Thank You
Paul

[matt4054]

The Bitcoin blockchain is currently overloaded and it takes much longer than normal for transactions to confirm.

See BitcoinQueue.com or this topic for more discussion on the subject.

You may use higher fees for higher priority transactions in the meantime... 

[rizzlarolla]

I sent money from my trezor using multibit 6 hours ago and I still don't have a confirmation. 4.879 bitcoins with a .0001 fee. It says it has been seen by 7 peers. Has it propagated?

https://blockchain.info/tx-index/d7dd9601d0941e42044f530795c84e6ea9ffe386177dd553e8fdec7ec7be8854

Thank You
Paul

Your fee was about 15 sat/byte. Not nearly enough in the new dynamic Core fee market world.
Expect a very long delay. (already waited 7 hours?)

[matt4054]

Yes, very bad timing with the "low" fee here (it used to be not that low, a while ago...)

[paulb787]

what fee should I set my multibit to? What should I have used?

[matt4054]

Currently I would say ~80 satoshi / byte (0.0008BTC / KB) is required for reasonable delay (i.e. next block or the one after)

[paulb787]

Thanks. how can you tell how many bytes? I see it says this one was 668. How do u know before u send. I am learning lol

[unamis76]

Looks like we've had an hour without blocks... Bad luck.

[matt4054]

Thanks. how can you tell how many bytes? I see it says this one was 668. How do u know before u send. I am learning lol

Are you using Multibit Classic or Multibit HD? These 2 are completely different programs actually...

Basically you need to know about the inputs (and outputs, but obviously, that, you do) of your tx

[rizzlarolla]

Looks like we've had an hour without blocks... Bad luck.

No it doesn't.

Paul has been waiting 7 hours already.
There have been 4 blocks in the last hour.

[gtglener]

I also have a transaction of about 0.1+ BTC and I am not seeing any confirmation till now, the bitcoin blockchain is much more overloaded, I think in the coming Friday we are seeing another big boost.

[rizzlarolla]

what fee should I set my multibit to? What should I have used?

Recommended fee keeps changing. (though the trend is spiking upward)
So what you should have used, and what you should use next time are likely different.

https://bitcoinfees.21.co/ may give you a better understanding.
(and matts chart now/soon!)

[rizzlarolla]

I also have a transaction of about 0.1+ BTC and I am not seeing any confirmation till now, the bitcoin blockchain is much more overloaded, I think in the coming Friday we are seeing another big boost.

Post your tx id.

[AliceGored]