Bitcoin Forum
May 01, 2024, 12:22:45 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Perhaps I will sound like a broken record, but this is baffling!  (Read 387 times)
Lorilikes (OP)
Sr. Member
****
Offline Offline

Activity: 672
Merit: 251


Content| Press Releases | Articles | Strategy


View Profile
April 13, 2017, 11:26:19 PM
 #1

I am sure everyone is rolling their eyes about all the slow blockchain topics. This one is baffling though, because twice it has returned results saying "transaction does not exist" or "transaction not found" .  My fee paid is .0006 btc which is 3 times the cost regularly and yet my transaction still is somewhere in the bottom of the mining pits of doom.  I wish I could start my own mining project! I would name it "Bottom Feeders Inc." and its sole goal would be to take a fee to scan and scrape the bottom of the pools for lost and forgotten transactions whose senders are bewildered and tired of waiting. I wish it was actually possible.  Any insights into this goofy transaction would rock my world. Here is transaction ID.  
22c75fe951896317a2d1335df8ee5ae28b22cb0b10a506127dd91afb20fc94ff
 



*Edited to fix a typo*🤓

Ask Me About Press Releases and Content Creation
★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃★
 
★▃ ▂⭐️⭐️▂ ▃ ★✨
✨★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃ ★✨

⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️

★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃★

⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️
1714522965
Hero Member
*
Offline Offline

Posts: 1714522965

View Profile Personal Message (Offline)

Ignore
1714522965
Reply with quote  #2

1714522965
Report to moderator
1714522965
Hero Member
*
Offline Offline

Posts: 1714522965

View Profile Personal Message (Offline)

Ignore
1714522965
Reply with quote  #2

1714522965
Report to moderator
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.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1714522965
Hero Member
*
Offline Offline

Posts: 1714522965

View Profile Personal Message (Offline)

Ignore
1714522965
Reply with quote  #2

1714522965
Report to moderator
1714522965
Hero Member
*
Offline Offline

Posts: 1714522965

View Profile Personal Message (Offline)

Ignore
1714522965
Reply with quote  #2

1714522965
Report to moderator
achow101
Moderator
Legendary
*
Offline Offline

Activity: 3374
Merit: 6566


Just writing some code


View Profile WWW
April 13, 2017, 11:38:42 PM
 #2

Your "slow" transaction has nothing to do with the transaction fee and everything to do with the fact that it is spending from a chain of unconfirmed transactions. Your transaction cannot confirm until the unconfirmed transactions that it spends from confirm as well, and that chain is being held up by https://blockchain.info/tx/8f53d15494c71036ffae716e63402d68cf49524f42561b02c226738cc1fba277 which pays a low transaction fee.

Also, the absolute value of your fee does not matter, and how that is related to previous transactions matters even less. What matters is the fee rate in BTC/kB, which your transaction sufficiently covers.

Lorilikes (OP)
Sr. Member
****
Offline Offline

Activity: 672
Merit: 251


Content| Press Releases | Articles | Strategy


View Profile
April 13, 2017, 11:44:07 PM
 #3

Your "slow" transaction has nothing to do with the transaction fee and everything to do with the fact that it is spending from a chain of unconfirmed transactions. Your transaction cannot confirm until the unconfirmed transactions that it spends from confirm as well, and that chain is being held up by https://blockchain.info/tx/8f53d15494c71036ffae716e63402d68cf49524f42561b02c226738cc1fba277 which pays a low transaction fee.

Also, the absolute value of your fee does not matter, and how that is related to previous transactions matters even less. What matters is the fee rate in BTC/kB, which your transaction sufficiently covers.

Thank you so much for your time in responding!  I can't believe I never realized that my transaction leading to the subsequent transactions would affect the subject transaction. That is fascinating.  I have always bragged on behalf of my favorite wallet, copay, for their allowance of spending unconfirmed funds.  Is this a show of smoke and mirrors?  Are they claiming to do the impossible?  Thanks so much for writing back!

Ask Me About Press Releases and Content Creation
★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃★
 
★▃ ▂⭐️⭐️▂ ▃ ★✨
✨★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃ ★✨

⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️

★▃ ▂⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️▂ ▃★

⭐️▂ ▃ ▅ ▆⭐️▆ ▅ ▃ ▂⭐️
david123
Legendary
*
Offline Offline

Activity: 1022
Merit: 1004


View Profile
April 14, 2017, 12:01:01 AM
 #4

Hummm, usually a wallet lets you only spend coins which have already some
confirmations. Eg multibit has two balances: "Balance" and "Balance ready to
spend" (or something alike). And now it seems like a good idea that multibit
does it that way.. Wink
achow101
Moderator
Legendary
*
Offline Offline

Activity: 3374
Merit: 6566


Just writing some code


View Profile WWW
April 14, 2017, 12:01:16 AM
 #5

Thank you so much for your time in responding!  I can't believe I never realized that my transaction leading to the subsequent transactions would affect the subject transaction. That is fascinating.  I have always bragged on behalf of my favorite wallet, copay, for their allowance of spending unconfirmed funds.  Is this a show of smoke and mirrors?  Are they claiming to do the impossible?  Thanks so much for writing back!
Spending from unconfirmed funds is generally ill-advised because it can cause situations like the one you are currently stuck in. However, it is not impossible to spend from a unconfirmed transactions, but it also is not as safe or as user friendly as spending from confirmed transactions.

Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!