Transaction does not exist

[jackg]

Good news: https://blockchain.info/tx/4e9a4b8f3d1990542de83bb44be67c295de516d608576fbd7bb89905715d3b83 is now confirmed!

Bad news: it looks like the trail of unconfirmed transaction continues forward into infinity! Whatever cloud mining service that the "2nd OP" is using, is just creating a massive web/trail of unconfirmed transactions and making it really messy by occasionally paying themselves 0.0004 BTC every 5-10 transactions which they then use as inputs to "giant" consolidation transactions like this one: https://blockchain.info/tx/db559f692810302bad410deeba0557e33b579d6e8b3e00b8bdc8c7c88b4d6b67

Whether that is some sort of attempt to "scam" their users by ensuring the payments never get confirmed, or they're just incompetent I can't really say...

It looks like the transaction fees to withdraw from that site would be very large. It might actually be more like them trying to mine all of their unconfirmed transactions from their site into a block to guarantee earnings for themselves.
As there is no valid reason why they'd try to do this because even obfuscating funds - this is too much effort.

[1715659687]

1715659687

[1715659687]

1715659687

[HCP]

The only other reasons for it that I can think of is that they're trying to artificially raise the amount of BTC they're "paying out" and/or the amount of BTC people are depositing by paying money to themselves...

or it is some sort of arrangement where the pool claims a share of the "profit" or something?

otherwise there is simply no point doing it... they're just wasting money on fees and making the unconfirmed transaction chain longer.

[jackg]

The only other reasons for it that I can think of is that they're trying to artificially raise the amount of BTC they're "paying out" and/or the amount of BTC people are depositing by paying money to themselves...

or it is some sort of arrangement where the pool claims a share of the "profit" or something?

otherwise there is simply no point doing it... they're just wasting money on fees and making the unconfirmed transaction chain longer.

The last cloud mining company I knew who did something similar was hashocean.com (and we know how that ended)...
I still want to know what cloud mining company this could possibly be?

[reflector]

The only other reasons for it that I can think of is that they're trying to artificially raise the amount of BTC they're "paying out" and/or the amount of BTC people are depositing by paying money to themselves...

or it is some sort of arrangement where the pool claims a share of the "profit" or something?

otherwise there is simply no point doing it... they're just wasting money on fees and making the unconfirmed transaction chain longer.

These transactions seems already confirmed. Even when I tried to accelarate the different transaction it says transaction does not exist. Then again re-check the tx id and found that got the confirmation and received to the concern address. I hope we transaction got confirmed we may find this pop-up.