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Author Topic: BTC.com Transaction Accelerator  (Read 11758 times)
OmegaStarScream (OP)
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March 07, 2017, 08:30:07 AM
 #1

I know that most of you know that ViaBTC are offering a service to accelerate transactions and everyone seem to send transaction with low fees and use it to make things faster.
I was checking btc.com blockexplorer until I saw an option to accelerate transaction which probably got added recently, I thought I should share it with you.

Unlike ViaBTC though, the service is not free but It's really nothing much when you need to speed up a transaction urgently: https://pushtx.btc.com/

"Cooperating with main Bitcoin pools, we provide transaction accelerator service, which can make the probability of confirming transaction within 1 hour come up to 75% and 98% within 4 hours."

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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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March 07, 2017, 08:59:32 AM
 #2

I know that most of you know that ViaBTC are offering a service to accelerate transactions and everyone seem to send transaction with low fees and use it to make things faster.
I was checking btc.com blockexplorer until I saw an option to accelerate transaction which probably got added recently, I thought I should share it with you.

I can not see where that option is.


 when you need to speed up a transaction urgently: https://pushtx.btc.com/

How much do they charge for their services?

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March 07, 2017, 09:23:38 AM
 #3

How much do they charge for their services?

i think it depends, but the other day i wanted to try their service for my .005btc transaction and they did ask me for $6+ so i didn't tried it and I'm not sure if my transaction will be confirmed in the very next block since they claim they are cooperating with other pools

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March 07, 2017, 09:36:10 AM
 #4

I know that most of you know that ViaBTC are offering a service to accelerate transactions and everyone seem to send transaction with low fees and use it to make things faster.
I was checking btc.com blockexplorer until I saw an option to accelerate transaction which probably got added recently, I thought I should share it with you.

I can not see where that option is.


 when you need to speed up a transaction urgently: https://pushtx.btc.com/

How much do they charge for their services?

You insert your transaction and then click 'ESTIMATE PRICE', then you can pay with your VISA card so you can spend your bitcoin, the irony is unbelievable...

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March 07, 2017, 09:50:38 AM
 #5

I know that most of you know that ViaBTC are offering a service to accelerate transactions and everyone seem to send transaction with low fees and use it to make things faster.
I was checking btc.com blockexplorer until I saw an option to accelerate transaction which probably got added recently, I thought I should share it with you.

I can not see where that option is.


 when you need to speed up a transaction urgently: https://pushtx.btc.com/

How much do they charge for their services?

You insert your transaction and then click 'ESTIMATE PRICE', then you can pay with your VISA card so you can spend your bitcoin, the irony is unbelievable...

No way! To push Bitcoin transaction we have to pay with VISA!?!
Someone shoots a goal into his own net?!?
What the he11!?!?!

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March 07, 2017, 10:02:47 AM
 #6

I can not see where that option is.
How much do they charge for their services?

Price is based on the tx size, BTC price, etc. as mentioned on their website and on the blockexplorer, you will only see the option If your transaction is unconfirmed (logically):


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March 07, 2017, 11:52:47 AM
 #7

I find ironic the fact we need to use Visa to push a bitcoin transaction Cheesy If people want to use bitcoin it's because they don't want to use fiat. In this case then better to pay the full amount with your visa or any other payment method

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March 07, 2017, 12:09:47 PM
 #8

So is VISA the only option to pay for the service? Not so good

i think it depends, but the other day i wanted to try their service for my .005btc transaction and they did ask me for $6+ so i didn't tried it and I'm not sure if my transaction will be confirmed in the very next block since they claim they are cooperating with other pools
That being said, It seems that the fee is really high. Almost the same amount with the btc that you're sending. I think it's not worth it (just my opinion though). Quite helpful if you really really have an urgent transaction to make, but if not, I'd rather wait.
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March 07, 2017, 01:37:51 PM
 #9

So is VISA the only option to pay for the service? Not so good

i think it depends, but the other day i wanted to try their service for my .005btc transaction and they did ask me for $6+ so i didn't tried it and I'm not sure if my transaction will be confirmed in the very next block since they claim they are cooperating with other pools
That being said, It seems that the fee is really high. Almost the same amount with the btc that you're sending. I think it's not worth it (just my opinion though). Quite helpful if you really really have an urgent transaction to make, but if not, I'd rather wait.

I almost used this service today, but seeing Visa as option I said "No". I agree with you
saying that you just have to wait if the transaction you are expecting is not urgent.
I guess we all know why this is happening, but spending more just to get your transaction
confirmed doesn't sounds good to me. IHMO. So I went on the next best option which
is viabtc and in about 2 hr my transaction got confirmed. So I guess you need a little patience
and just wait for your transaction to be confirmed.

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March 07, 2017, 01:39:38 PM
 #10

Am i the only one think that this is example of centralization, since they offer paid service to let users got their transaction confirmed (similar sidechain/LN) and pay it with centralized payment service Huh
Better use ViaBTC service, increase fees when make transaction or re-broadcast the unconfirmed transaction.

For me also it is crazy idea, but the truth is that ViaBTC is overloaded and people are looking for other possibilities.
But using VISA to pay for Bitcoin transactions looks for me like nightmare or joke of village drunkard Grin

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DarkStar_
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March 07, 2017, 02:54:33 PM
 #11

BTC.com's accelerator is so overpriced. I took this transaction, which is 361 bytes and pays a 75 satoshi/kb fee, and BTC.com asks for $4.42 just to accelerate it, which I find it hard to believe that anyone would be willing. If you are willing to pay $5 to accelerate a transaction, why not just spend a bit more on fees so you don't need to pay the $5? I wonder what BTC.com was thinking with this.




For me also it is crazy idea, but the truth is that ViaBTC is overloaded and people are looking for other possibilities.
But using VISA to pay for Bitcoin transactions looks for me like nightmare or joke of village drunkard Grin

If you accelerate a transaction within the first 10 minutes of every hour, it's a very good chance that you can get it.


taking a break - expect delayed responses
pedrog
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March 07, 2017, 03:00:58 PM
 #12

BTC.com's accelerator is so overpriced. I took this transaction, which is 361 bytes and pays a 75 satoshi/kb fee, and BTC.com asks for $4.42 just to accelerate it, which I find it hard to believe that anyone would be willing. If you are willing to pay $5 to accelerate a transaction, why not just spend a bit more on fees so you don't need to pay the $5? I wonder what BTC.com was thinking with this.




For me also it is crazy idea, but the truth is that ViaBTC is overloaded and people are looking for other possibilities.
But using VISA to pay for Bitcoin transactions looks for me like nightmare or joke of village drunkard Grin

If you accelerate a transaction within the first 10 minutes of every hour, it's a very good chance that you can get it.


Because you were not the one creating the transaction...

Plus, it has to be expensive, there are a lot of fees to be paid from those $5.

jacee
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March 07, 2017, 03:04:15 PM
 #13

I was looking for an alternate txn accelerator besides viabtc lat night and saw btc.com but thy are right. It's way too overpriced and I am not paying $5 to get a $20 worth btc in my transaction to get confirmed. I'll still be using viabtc.
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March 07, 2017, 03:27:47 PM
 #14

I know that most of you know that ViaBTC are offering a service to accelerate transactions and everyone seem to send transaction with low fees and use it to make things faster.
I was checking btc.com blockexplorer until I saw an option to accelerate transaction which probably got added recently, I thought I should share it with you.

Unlike ViaBTC though, the service is not free but It's really nothing much when you need to speed up a transaction urgently: https://pushtx.btc.com/

"Cooperating with main Bitcoin pools, we provide transaction accelerator service, which can make the probability of confirming transaction within 1 hour come up to 75% and 98% within 4 hours."

We need more such option because when it comes to transaction backlog, even ViaBTC refuses transaction acceleration requests sometimes in that period. However, I am also joining the 'it's too expensive' club because why would someone pay this amount to accelerate the transaction if he can include it in the miner fees itself rather than paying it to confirm it.
kotwica666
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March 07, 2017, 03:40:48 PM
 #15

For me also it is crazy idea, but the truth is that ViaBTC is overloaded and people are looking for other possibilities.
But using VISA to pay for Bitcoin transactions looks for me like nightmare or joke of village drunkard Grin

If you accelerate a transaction within the first 10 minutes of every hour, it's a very good chance that you can get it.


So it is every full hour.. Thanks for info, I was not sure when they restart this 100 limit.


We need more such option because when it comes to transaction backlog, even ViaBTC refuses transaction acceleration requests sometimes in that period. However, I am also joining the 'it's too expensive' club because why would someone pay this amount to accelerate the transaction if he can include it in the miner fees itself rather than paying it to confirm it.

They don't expect that users who know how to calculate fee will use this service. For sure they expect that they will earn on people mistakes. If someone will need realize transaction fast, and it will be important for him, will pay any amount to do this.. Especially for international deals, or between companies.

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March 07, 2017, 04:55:36 PM
 #16

They are asking too much, i have found this Bitcoin Fee booster https://bitcointalk.org/index.php?topic=1506632.0
But this tool doesn't look like easy to setup.
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March 08, 2017, 12:01:28 AM
 #17

They are asking too much, i have found this Bitcoin Fee booster https://bitcointalk.org/index.php?topic=1506632.0
But this tool doesn't look like easy to setup.
Well of course it only boosts the fees and such so it isn't much good unless you're trying to do RBF. BTC.com's tool is way too expensive and really it'd be cheaper to just wait until the top of an hour and try to get your tx in on viabtc's tx accelerator.
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March 08, 2017, 12:17:48 AM
 #18

I would prefer it to be totally free as is the case with the accelerator that viabtc is offering, but this tool can come very handy if a withdrawal from an exchange takes ages to confirm while you need it to confirm quickly.

I however find it utterly strange that they require you to pay with a centralized nutter service as Visa. Bitcoin should be the only payment option. I honestly can't stop laughing at how amateurish they set everything up.

Replace that centralized nutter service completely to make place for Bitcoin. What a joke, seriously.

BSV is not the real Bcash. Bcash is the real Bcash.
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March 08, 2017, 04:33:30 AM
 #19

For me also it is crazy idea, but the truth is that ViaBTC is overloaded and people are looking for other possibilities.
But using VISA to pay for Bitcoin transactions looks for me like nightmare or joke of village drunkard Grin

If you accelerate a transaction within the first 10 minutes of every hour, it's a very good chance that you can get it.


So it is every full hour.. Thanks for info, I was not sure when they restart this 100 limit.


We need more such option because when it comes to transaction backlog, even ViaBTC refuses transaction acceleration requests sometimes in that period. However, I am also joining the 'it's too expensive' club because why would someone pay this amount to accelerate the transaction if he can include it in the miner fees itself rather than paying it to confirm it.

They don't expect that users who know how to calculate fee will use this service. For sure they expect that they will earn on people mistakes. If someone will need realize transaction fast, and it will be important for him, will pay any amount to do this.. Especially for international deals, or between companies.

I see. Almost every web wallet is including appropriate fees with each transaction according to the network load. On a corporate level, this service might prove very beneficial to push the things faster speed. Otherwise, for normal bitcoin users, $5 fees are insane in usual conditions. However, these kind of extra efforts to confirm the transaction are not something that we should be proud of as a bitcoin community.
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March 08, 2017, 05:02:59 AM
 #20

Well I don't really know about the site. However I think everyone has heard about viabtc accelerator, and pretty sure(at least based off my experience with the site) if you can make sure you get in there quick every hour you can do it for free.

Now this site is charging you a fee to do it. Which I think makes it less desirable to use.

Just put more fees in the first place if you are concerned about your transaction not confirming. You'll pay less fees overall and save time that ways.
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