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Author Topic: how do i make confirmations on blockchain faster  (Read 15628 times)
RichGang (OP)
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June 17, 2016, 01:26:08 AM
Last edit: June 17, 2016, 06:53:41 AM by RichGang
 #1

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

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oblivi
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June 17, 2016, 01:32:13 AM
 #2

The more fee you pay the faster it will go, so if you want to go faster pay an higher fee. I have never had a problem with Bitcoin Core's recommended fee.

In the future it will be faster with Lightning protocol. Onchain transactions in a decentralized network require resources so you have to pay for it.
tobacco123
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June 17, 2016, 01:42:43 AM
 #3

The only way is to include a slightly higher fee than the normal fee.

I think at the moment a normal Tx fee is about 100 bits. If you can include a 200-500bits fee that should increase the priority of your Tx and get included in a block faster.

RichGang (OP)
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June 17, 2016, 01:49:55 AM
 #4

I sent with 5mbtc thts enough to make it faster

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June 17, 2016, 01:55:52 AM
 #5

I sent with 5mbtc thts enough to make it faster
No. There is no such thing called a standard fee, default fee or whatever some members are trying to tell you. What 'truly' [1] matters here is the satoshis/byte included at the time and the current recommended one. The recommended fee can be found here. This means that a transaction fee (X) might be enough for transaction A, but it might be inadequate for transaction B (due to differentiating sizes).

[1] - This is probably not the right wording.

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June 17, 2016, 01:56:40 AM
 #6

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
You can try to make an appropriate fee because yesterday a lot of people it does not give an appropriate fee and this can make their transaction it's not confirmed or got a delay.

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beastmodeBiscuitGravy
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June 17, 2016, 01:57:50 AM
 #7

Just pay a higher fee to cut in line in front of the other hapless Bitcoiners waiting to use this revolutionary future of money.
Btcvilla
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June 17, 2016, 01:58:57 AM
 #8

Until the core team gets their head out of their asses, all you can do is include a higher transaction fee.
RichGang (OP)
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June 17, 2016, 06:55:55 AM
 #9

Also, if the transaction fees is say 0.000002btc and its on blockchain and I want it faster , how i send additional 0.0005btc to add up to transaction fees to make it faster ?

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Dakron
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June 17, 2016, 07:59:02 AM
 #10

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
I do not know if you can do fast your confirmation because the moderators validate all the securities of your transaction thats why give some patience in all you transaction online not only in bitcoin.
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June 17, 2016, 08:06:34 AM
 #11

There's a very limited number of transactions that can be included in a block, if you pay high enough fee maybe your transaction will be included in the next block.

Before making a transaction check these sites:

http://www.bitcoinqueue.com/
https://blockchain.info/unconfirmed-transactions
https://btc.com/stats/unconfirmed-tx

Cuidler
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June 17, 2016, 08:28:23 AM
 #12

Also, if the transaction fees is say 0.000002btc and its on blockchain and I want it faster , how i send additional 0.0005btc to add up to transaction fees to make it faster ?

Currently, there is very little you can do. You can remove your transaction so your wallet does not rebroadcast it anymore and wait for miners to remove your transaction from their mempool before you send again with the same inputs and higher fee, but this should take over one day before miners remove your transaction from their mempool so it is not considered doublespend.

RBF (replace by fee) transaction could work, but no wallet implemented it so far. And child pays for parent method where you spend unconfirmed transaction with higher fee does not work as well, as very few miners look for these fees.

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RichGang (OP)
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June 17, 2016, 09:45:29 AM
 #13

Also, if the transaction fees is say 0.000002btc and its on blockchain and I want it faster , how i send additional 0.0005btc to add up to transaction fees to make it faster ?

Currently, there is very little you can do. You can remove your transaction so your wallet does not rebroadcast it anymore and wait for miners to remove your transaction from their mempool before you send again with the same inputs and higher fee, but this should take over one day before miners remove your transaction from their mempool so it is not considered doublespend.

RBF (replace by fee) transaction could work, but no wallet implemented it so far. And child pays for parent method where you spend unconfirmed transaction with higher fee does not work as well, as very few miners look for these fees.
Dude you are confusing me. Are you saying that if I send bitcoins and its showing on blockchain, I can still cancel it and balance will go back to my wallet?

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Vaccinus
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June 17, 2016, 10:07:46 AM
 #14

you can't make them faster but you can make them have better priority, better position in the queue, just pay more fee

RichGang (OP)
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June 17, 2016, 10:11:28 AM
 #15

you can't make them faster but you can make them have better priority, better position in the queue, just pay more fee
I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain

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June 17, 2016, 10:24:47 AM
 #16

To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.

I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain

You can't. Once you send it, that's done and you can't alter it anymore.
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June 17, 2016, 11:02:57 AM
 #17

It's seems that at the moment, there's no other way but to pay a premium if you want your transactions to be ahead of the queue. It would be nice if they could even cut the time in half. That would really help increase the number of transactions. I read somewhere that bitcoin is still lagging behind paypal in terms of transaction volume, partly because of how their transaction speed takes place.
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June 17, 2016, 11:04:31 AM
 #18

As far as I know, the higher fee you pay to the miner, the more faster your transaction's confirmations will be.
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June 17, 2016, 11:24:21 AM
 #19

To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.

I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain

You can't. Once you send it, that's done and you can't alter it anymore.

Can't you just doublespend it with a higher fee on the new tx?
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June 17, 2016, 11:27:09 AM
 #20

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
Just send it with a higher fee. Normally confirmations on blockchain won't take that long unless the blokchain is busy, if that happens, you can't reall do anything about it but to wait.
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