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Author Topic: Estimated time for this transaction to confirm?  (Read 791 times)
Shiroslullaby (OP)
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October 02, 2016, 08:32:41 PM
 #1

I've got a pending withdraw from a gambling site where they sent the payment with a low transaction fee.
After several hours I started to worry that the payment will not arrive.
If anyone is good with transaction fees and can give me some kind of estimate of how long this transaction will take,
or advice on what to do, it would be greatly appreciated.

Transaction number:
e0a17db7e462f06e1f3a77e903791fcb6d35cab7a4a4eadeec504558780e2396

https://blockchain.info/tx/e0a17db7e462f06e1f3a77e903791fcb6d35cab7a4a4eadeec504558780e2396?show_adv=true

https://blockexplorer.com/tx/e0a17db7e462f06e1f3a77e903791fcb6d35cab7a4a4eadeec504558780e2396

Fee rate shows as
0.0002008888888888889 BTC per kB
Is this too low? What is an appropriate fee?

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October 02, 2016, 08:38:56 PM
 #2

No one can accurately estimate how long a confirmation will take.

Your fee is too low, at ~20 satoshis per byte. According to https://bitcoinfees.21.co/#delay it can take you anywhere from 4 blocks to 22 blocks (or even higher) to get a confirmation.

Shiroslullaby (OP)
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October 02, 2016, 08:40:53 PM
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Thanks for the quick reply.
I will check out the site you linked.
Transaction fees and confirmation times are one of the (many) things that I still don't understand very well and need to do some research on.

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October 02, 2016, 09:07:05 PM
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Sadly, if the funds aren't coming from a wallet or an address you control, you can't control the fees either.
Gambling sites will use minimal fees for withdrawals and it will have an impact on how fast you get these funds.

Appropriate fees depends on the transaction volume.
http://bitcoinexchangerate.org/fees to get estimates on how fast your transaction would confirm depending on the fee.
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October 02, 2016, 09:37:19 PM
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Yeah I have never had this issue with this site before,
any other time I requested a withdraw they processed it with an appropriate fee and I received payment within twenty or thirty minutes.

I hope they aren't getting cheap and causing issues for their customers over a couple cents.

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October 02, 2016, 11:24:23 PM
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This transaction is already confirmed.

This thread should now be locked.

Since this thread no longer needs any help, until it's locked anyone posting in this thread after now should probably just be permanently banned for sig ad spam.
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