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Author Topic: Bitcoin transaction accelerator is it true or not?  (Read 19371 times)
Hazir
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February 12, 2017, 01:40:47 PM
 #41

I don't know how long this service can sustain! The viabtc gives the priority to include low fees tx rather than normal and higher fees ones. They will reveived lower mining reward comparing with the situation of including standard fees tx. But I appreciated their attention but shouldn't be abbused. Some people purposely sent low fees tx.

Considering it's only a small number they push at once, it will have zero effect. At least read the site before you make random comments like this.
Exactly what ranlo said. This service has a limit a "maximum of 100 TXs submitted can be accelerated every hour".
It is more like small side project for testing purposes than real service trying to help everyone with their non confirmed transactions.
When this service become widely known it will be impossible to accelerate your TX with 100 TX per hour limit.


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February 12, 2017, 10:24:48 PM
 #42

I use this service 20 minutes ago. 2 transactions confirmed in 10 minute. They r fast. I like their service.

One of my transaction was multiple spend. After 32 hours didnt confirmed. There are 4 transactions before my tx. First via 4 transactions after 1 hour my multiple transaction is confirmed too.

Im glad to use this service and recommended.

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February 14, 2017, 04:49:58 AM
 #43

I use this service 20 minutes ago. 2 transactions confirmed in 10 minute. They r fast. I like their service.

One of my transaction was multiple spend. After 32 hours didnt confirmed. There are 4 transactions before my tx. First via 4 transactions after 1 hour my multiple transaction is confirmed too.

Im glad to use this service and recommended.


Were your two confirmed transactions confirmed by another mining pool (ie not ViaBTC)?

I had a few small transactions (w/ fee of BTC0.0001 each) confirmed before a block won by ViaBTC came along.  I am curious as to how ViaBTC would be able to do that.

But, good on ViaBTC to offer such a service!
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February 17, 2017, 03:59:01 PM
 #44

Guys i just want to ask if this site is true https://www.viabtc.com/tools/txaccelerator/  and who already tried this if this is true or not..
Because i have already a transaction that low fee or below the default fee and in few minutes the transaction is done..
And i want to clarify if this is real working or not..

This tool got my transaction confirmed after stuck for 26 hours.
https://www.youtube.com/watch?v=TOwE2hTtxVg

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February 17, 2017, 04:15:27 PM
 #45

I had my doubts about this Bitcoin transaction accelerator not until I had my tx stuck for about 9hours and when I got to use it, just had to submit my tx though I sumitted my tx like 4times Roll Eyes and in less than 40minutes I got 6+ confirmations.
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February 17, 2017, 05:19:28 PM
 #46

ViaBTC is not accelerating via its own pools only, they work with https://www.antpool.com and probably other miners.

Thank's for this service, helps a lots.

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February 17, 2017, 05:33:28 PM
 #47

This kind of services will be useless if too many users use it since they have to "prioritize" many transactions, but i can agree it might be useful if you really need to get your transaction confirmed quickly and you put lots of fees.

But, i think this tools is being used as Propaganda for Bitcoin Unlimited. I just hope people do research and not believe any propaganda/FUD about BU/Segwit.

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February 17, 2017, 05:52:21 PM
 #48

This is interesting. Bookmarked, in case I ever have need in future.

I've never tried sending with such a low amount of tx fee (10ksat) before,
(I worry too much about a transaction getting stuck, so I always aim for whichever fee range has less unconfirmed transactions.)
Good to know that even 10ksat fees can get through in under an hour.(with help)  Grin Thanks for the tip.

As for BU and Segwit. Well.  Roll Eyes

 

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ImHash
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February 17, 2017, 06:08:30 PM
 #49

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation if they find a whole block, so no matter who you give your transaction to accelerate it wont be confirmed unless they are the ones finding a block, basically the first confirmation is the most important one since others will only validate the tx further more and not including them in other blocks as they mining them.

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February 17, 2017, 09:07:34 PM
 #50

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation

Correctly, and that can take hours sometimes days, even weeks to confirm.

This article is based on my experience whit some long delays in the blockchain.
Vaultoro send my transactions to the accelerator.

[W]e paid 0.0005 fee (45 cents) to get a client their withdrawal and it took 17 hours to clear and actually only cleared because I put it into the Viabtc transaction accelerator.

Article can be found here: https://www.cryptocoinsnews.com/bitcoin-slows-crawl-transactions-backlog-reaches-quarter-billion-dollars/

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February 18, 2017, 01:19:06 AM
 #51

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation if they find a whole block, so no matter who you give your transaction to accelerate it wont be confirmed unless they are the ones finding a block, basically the first confirmation is the most important one since others will only validate the tx further more and not including them in other blocks as they mining them.

This is entirely true. But requesting the addition is free -- if they mine a block and get you in there, great. If they didn't, you lost nothing. It's safe to say it's worth a few seconds to save potentially hours/days.


 
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 




















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Vaccinus
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February 18, 2017, 10:34:59 AM
 #52

I had my doubts about this Bitcoin transaction accelerator not until I had my tx stuck for about 9hours and when I got to use it, just had to submit my tx though I sumitted my tx like 4times Roll Eyes and in less than 40minutes I got 6+ confirmations.

so it's true that you can avoid paying more fee for the mienrs and use this service? i'm wondering how cna they do that? are they paying secretely the mienrs to fast forward your transaction, and get a % on the revenue?

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February 18, 2017, 12:29:44 PM
 #53

I had my doubts about this Bitcoin transaction accelerator not until I had my tx stuck for about 9hours and when I got to use it, just had to submit my tx though I sumitted my tx like 4times Roll Eyes and in less than 40minutes I got 6+ confirmations.

so it's true that you can avoid paying more fee for the mienrs and use this service? i'm wondering how cna they do that? are they paying secretely the mienrs to fast forward your transaction, and get a % on the revenue?
ViaBTC is a large mining pool that is just allowing people to have their poor fee transactions confirmed before they get dropped.

If you submit a transaction through their tx accelerator form, then ViaBTC will include your transaction in one of their blocks so it gets confirmed. No other pools/miners are involved in this.

It's just some sort of a test which has proven to be a great help for people. I must note that according to their TOS your transaction must at least have a fee ratio of 0.0001BTC/KB.

I am however not sure how strict they are regarding their minimum required fee. I think in order to know you must sumbit a transaction with a fee below their minimum to find out.

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February 23, 2017, 01:16:34 AM
 #54

If it really works, it is a great service.
Two questions from me:
1. they say that they only accelerate 100 trx/hour. Does it mean that if there are more trx submitted already you will get an error message instead of the "trx. accelerated successful" message that you normally get?
2. They prioritize your trx. forever, or only for the next block (that they find)? SO if it doesn't make it in the first block, should you resubmit it?

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February 23, 2017, 01:33:25 AM
 #55

If it really works, it is a great service.
Two questions from me:
1. they say that they only accelerate 100 trx/hour. Does it mean that if there are more trx submitted already you will get an error message instead of the "trx. accelerated successful" message that you normally get?
2. They prioritize your trx. forever, or only for the next block (that they find)? SO if it doesn't make it in the first block, should you resubmit it?

1. you would get an error like message like i recieved earlier today, i just forgot the exact message

2. i used the accelerator last time where there are lots of unconfirmed transactions waiting, when viabtc found a block around an hour after i used their free accelerator service i noticed that my transaction didn't get confirmed by them but they included it in the 2nd block they found so i assume the transaction will stay on their list of prioritized transactions

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February 23, 2017, 04:21:02 AM
 #56

It's works. I have a transaction stuck for 3 days, fee i set is 0.0004/kb but then i checked the delay for that fee is infinite....

I found that site today so I give it a try and my transaction is confirmed within hour.

This accelerator is very useful if you set your tx a "below avg." fee but the avg. fee of the network increase rapidly and your transaction stuck, hope it won't be abused.

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February 24, 2017, 07:06:40 PM
 #57

My transaction is stuck over 2 days and I submitted 3 times in the past 3 hours.

I'll update once the transaction went through

EDIT - It worked Smiley
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March 02, 2017, 05:40:57 AM
 #58

I made a withdrawal from one site and instead of withdrawing to my wallet, I transferred it to a wallet of another site and guess what, it is not yet confirmed. 48 hours have passed. Let's say I transferred 0.006 btc (without fees, it would be, say, 0.007). Now if I use ViaBTC txn accelerator and the txn gets confirmed, will the other site get less than 0.006 BTC?

Edit: I used ViaBTC Accelerator and it went through in less than hour. No extra fee deducted.

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March 02, 2017, 11:26:18 PM
 #59

I made a withdrawal from one site and instead of withdrawing to my wallet, I transferred it to a wallet of another site and guess what, it is not yet confirmed. 48 hours have passed. Let's say I transferred 0.006 btc (without fees, it would be, say, 0.007). Now if I use ViaBTC txn accelerator and the txn gets confirmed, will the other site get less than 0.006 BTC?

Edit: I used ViaBTC Accelerator and it went through in less than hour. No extra fee deducted.
Of course. Viabtc doesn't take any fees. They do require that the transaction you wish to accelerate has at least 10ksat fees.

So, I've finally used their accelerator and yes it did work.

I miscalculated my fees (I was using a new wallet and the tx size turned out to be way higher than I expected. It's usually 190-200 bytes with electrum[1 input,1output] but this new wallet used about double that.  Angry ) so

the tx ended up within the range that's got lots of unconfirmed transactions.  Sad
Good thing I recently saw and bookmarked this tool.  Grin Tx confirmed fast (lucky viabtc mined the block.)

 

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March 02, 2017, 11:55:23 PM
 #60

Now the service is dead because the whole population is using it.

It did not last as much as pokemon go

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