Bitcoin processing fee for transaction by miners

[sab1234]

Hi,

Lets say I set a very low transaction fee for a bitcoin transaction(from one of my own wallets to another). I also have mining equipment which is mining for bitcoins. Is there anyway to get that transaction request directed towards me ? In other words can I process my own transactions by giving it priority?
If so how do I do this?

[AtheistAKASaneBrain]

Hi,

Lets say I set a very low transaction fee for a bitcoin transaction(from one of my own wallets to another). I also have mining equipment which is mining for bitcoins. Is there anyway to get that transaction request directed towards me ? In other words can I process my own transactions by giving it priority?
If so how do I do this?

I don't think so. Mining is like a lottery, the more hashrate you have the higher chances of finding a transaction, as far as I know you can't selectively mine a transaction but I may be wrong.

You could try RBF (replace by fee) or -zapwallettx to rescan the blockchain and you should see your coins back in your wallet, then try again with a bigger transaction. This sucks because it takes a lot of time tho.

If you just wait for a while it should get dropped automatically.

[squatz1]

Well, you could, but this is saying that you're also the one to mine the next block as well so you'd have to be mining the next block by yourself to be able to confirm your own TX. Which is highly unliekly.

Also, there are tons of other people asking the same question on here so I'd refer to something like this for your answer - https://bitcointalk.org/index.php?topic=1852856.msg18433945#msg18433945

YOU CAN USE A TX ACCELERATOR THOUGH LIKE VIABTC. That works wonderfully!

[odolvlobo]

Lets say I set a very low transaction fee for a bitcoin transaction(from one of my own wallets to another). I also have mining equipment which is mining for bitcoins. Is there anyway to get that transaction request directed towards me ? In other words can I process my own transactions by giving it priority?
If so how do I do this?

There is no reason to direct a transaction to a miner, because every miner sees every transaction.

The miner picks which transactions to include in their next block and can use any criteria that they want. Most miners pick the most profitable transactions, but a miner that is associated with an exchange or perhaps is paid by an exchange might pick transactions going in and out of the exchange first, regardless of the fee.

However, the miner that gets to add the next block is random so there are no guarantees. In general, if you have 1% of the total hash power, then you get to decide the priority of transactions 1% of the time.

[AtheistAKASaneBrain]

Well, you could, but this is saying that you're also the one to mine the next block as well so you'd have to be mining the next block by yourself to be able to confirm your own TX. Which is highly unliekly.

Also, there are tons of other people asking the same question on here so I'd refer to something like this for your answer - https://bitcointalk.org/index.php?topic=1852856.msg18433945#msg18433945

YOU CAN USE A TX ACCELERATOR THOUGH LIKE VIABTC. That works wonderfully!

Honestly, don't use ViaBTC. They have been one of the biggest pains in the ass when it comes to miners. Always supporting contentious forks, always creating drama on Twitter deliberately switching signaling of things that would meet their agenda. I don't even know how that's legal. I remember them playing with the segwit signaling in order to manipulate the price of LTC and then BTC.

They are also most likely another Bitmain branch and these guys are enough of a monopoly to keep supporting them. Try to find a workaround. Maybe try to get Slush to process it or any other miner that doesn't support segwit2x at least.

[Yakamoto]

Hi,

Lets say I set a very low transaction fee for a bitcoin transaction(from one of my own wallets to another). I also have mining equipment which is mining for bitcoins. Is there anyway to get that transaction request directed towards me ? In other words can I process my own transactions by giving it priority?
If so how do I do this?

The network prioritizes it and you have to find a block in order to actually "hurry" your transaction up. You'd have a better chance of winning the lottery, repeatedly, than finding a block, by yourself, with your transaction inside of it. There is nothing you can do as an individual to actually speed up your own transactions and try to get your stuff to go through sooner. If you were part of a bigger mining pool, with a larger contributing hashing rate, you might be able to somewhat prioritize what you do.

[pooya87]

if you are solo mining blocks, you have full control of what goes in the blocks you mine. you can include any transaction you like, even fake transactions (although in this case your block with fake tx will be rejected by the network).
so yes, in case of solo mining you can even make transactions with no fee and mine them yourself.

but if you are connected to a pool, you are just a worker and the pool decides what transaction goes in a block. you are just sharing the work with others.
in this case you can not do anything. sometimes pools may give you an option to "prioritize" a transaction but it is still the pool that gives you that option. example: https://www.f2pool.com/pushtx

[Shincerr]

if you use web wallet like Blockchain.info you can’t

But some other wallet can let you do this


for more information read Web wallet Forum