Bitcoin Forum
May 04, 2024, 09:59:56 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Multibit and Unconfirmed Transaction Hours Later  (Read 562 times)
paulb787 (OP)
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
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
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
1714816796
Hero Member
*
Offline Offline

Posts: 1714816796

View Profile Personal Message (Offline)

Ignore
1714816796
Reply with quote  #2

1714816796
Report to moderator
matt4054
Legendary
*
Offline Offline

Activity: 1946
Merit: 1035



View Profile
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...  Undecided
rizzlarolla
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1001


View Profile
June 15, 2016, 06:53:25 PM
 #3

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
Legendary
*
Offline Offline

Activity: 1946
Merit: 1035



View Profile
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)
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
June 15, 2016, 07:03:33 PM
 #5

what fee should I set my multibit to? What should I have used?
matt4054
Legendary
*
Offline Offline

Activity: 1946
Merit: 1035



View Profile
June 15, 2016, 07:06:39 PM
 #6

Currently I would say ~80 satoshi / byte (0.0008BTC / KB) is required for reasonable delay (i.e. next block or the one after)
paulb787 (OP)
Newbie
*
Offline Offline

Activity: 33
Merit: 0


View Profile
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
Legendary
*
Offline Offline

Activity: 1512
Merit: 1005


View Profile
June 15, 2016, 07:15:54 PM
 #8

Looks like we've had an hour without blocks... Bad luck.
matt4054
Legendary
*
Offline Offline

Activity: 1946
Merit: 1035



View Profile
June 15, 2016, 07:18:05 PM
 #9

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
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1001


View Profile
June 15, 2016, 07:20:08 PM
 #10

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
Hero Member
*****
Offline Offline

Activity: 575
Merit: 500



View Profile
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
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1001


View Profile
June 15, 2016, 07:27:06 PM
 #12

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
Hero Member
*****
Offline Offline

Activity: 812
Merit: 1001


View Profile
June 15, 2016, 07:27:40 PM
 #13

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
Member
**
Offline Offline

Activity: 117
Merit: 10


View Profile
June 15, 2016, 07:49:51 PM
 #14

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!