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Author Topic: 0,00039 BTC fee still not approved?  (Read 375 times)
the.jack20 (OP)
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March 03, 2017, 09:51:14 AM
 #1

Even though one day passed, the transaction is still not approved? How long do I have to wait for the transaction to be approved?
Fee entered the value as 0,00039 BTC. He writes Low fee in my wallet.

If the transaction is not approved, will the 0,00039 BTC value be returned to me?
Should I wait for the transaction to be approved? Can I do another transaction now?
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March 03, 2017, 10:02:08 AM
 #2

Even though one day passed, the transaction is still not approved? How long do I have to wait for the transaction to be approved?
There's no definite answer but there could be an estimated amount of blocks depending on the fee you paid per byte.

If the transaction is not approved, will the 0,00039 BTC value be returned to me?
Yes, if it gets dropped from the network, it will be returned to the senders address.

Should I wait for the transaction to be approved? Can I do another transaction now?
You can wait while doing few other steps like adding it to "ViaBTC website" so it could speed up the process (https://www.viabtc.com/tools/txaccelerator/). If you're going to double spend it, then that's when you want to make another transaction.

Read this thread for more detailed version: https://bitcointalk.org/index.php?topic=1802212.0

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jaceefrost
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March 03, 2017, 10:03:14 AM
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Posting the transaction link will be very helpful for us to answer your question. From what I understand you said you used 0.00039 btc as fee? What wallet are you using and when did you sent it? What time? Normally that should be enough but since there are tons of unconfirmed transaction it will take a bit longer.
Try accelerating your transaction by using viabtc :  https://www.viabtc.com/tools/txaccelerator/
It shoul include your transaction in the next bloxck that their pool will mine thus putting your transaction in priority
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March 03, 2017, 12:23:41 PM
 #4

Transaction priority isn't calculated with the absolute fee, but with fee per byte. This means that you'll have to pay a larger fee if you have a larger transaction. e.g: If there are two transaction one is 500 bytes and one is 200 bytes, they both pay the same fee of 50,000 sats. Then the smaller of the two will be confirmed first because it had a "larger" fee (100 sats/byte vs 250 sats/byte). If you're not sure how large your fee should be, you can go here: http://bitcoinfees.21.co/
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