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Multibit and Unconfirmed Transaction Hours Later
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Topic: Multibit and Unconfirmed Transaction Hours Later (Read 562 times)
paulb787
(OP)
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Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 06:45:34 PM
#1
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 06:48:08 PM
#2
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
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Merit: 1001
Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 06:53:25 PM
#3
Quote from: paulb787 on June 15, 2016, 06:45:34 PM
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:00:27 PM
#4
Yes, very bad timing with the "low" fee here (it used to be not that low, a while ago...)
paulb787
(OP)
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:03:33 PM
#5
what fee should I set my multibit to? What should I have used?
matt4054
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:06:39 PM
#6
Currently I would say ~80 satoshi / byte (0.0008
BTC
/ KB) is required for reasonable delay (i.e. next block or the one after)
paulb787
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⇾
Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:12:01 PM
#7
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:15:54 PM
#8
Looks like we've had an hour without blocks... Bad luck.
matt4054
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:18:05 PM
#9
Quote from: paulb787 on June 15, 2016, 07:12:01 PM
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:20:08 PM
#10
Quote from: unamis76 on June 15, 2016, 07:15:54 PM
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:22:20 PM
#11
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:27:06 PM
#12
Quote from: paulb787 on June 15, 2016, 07:03:33 PM
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
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Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:27:40 PM
#13
Quote from: gtglener on June 15, 2016, 07:22:20 PM
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
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Activity: 117
Merit: 10
Re: Multibit and Unconfirmed Transaction Hours Later
June 15, 2016, 07:49:51 PM
#14
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