How to speed up your own transactions.

[r-tist]

Hey fellow bitcoin users,

I've seen a few services here and there of people expediting the time frame of bitcoin transactions.

I'd like to do the same as these transaction delays are steering beginners away.

I've got 2 gaming computers and a server @ home.

How would I go about helping others speed up their transactions.

If i can get the correct guidance, my next thread will be on freely expediting other bitcoin user's transactions for free.

Thank You!

[1714709255]

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[1714709255]

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[1714709255]

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[Red-Apple]

I've seen a few services here and there of people expediting the time frame of bitcoin transactions.

these people have access to mining pools and they can push the transactions that are stuck (sometimes for a separate fee that you pay them or the mining pool). that way the mining pool receives the transaction and gives it a higher priority.

there are also some scammers who pretend to have this kind of ability and just get the money and use free services like ViaBTC accelerator.

I've got 2 gaming computers and a server @ home.
How would I go about helping others speed up their transactions.

that is not how things work. in case you are thinking about mining, you can not mine bitcoin with a gaming computer (GPU) anymore, you will need ASICs to mine bitcoin.
even if you buy ASICs and start mining bitcoin you still won't be able to change anything, more mining power just increases the difficulty and there will still be the same number of blocks with same interval between them and with same space to include the same number of transactions. and fees would still be high.

[jkoin]

Hey fellow bitcoin users,

I've seen a few services here and there of people expediting the time frame of bitcoin transactions.

I'd like to do the same as these transaction delays are steering beginners away.

I've got 2 gaming computers and a server @ home.

How would I go about helping others speed up their transactions.

If i can get the correct guidance, my next thread will be on freely expediting other bitcoin user's transactions for free.

Thank You!

I have always believed that the time of your transaction can be accelerated only by increasing the price of the commission. But it means that there are people who can accelerate the transaction in their miner pools. Very interesting topic

[tutorroma]

Digging bitcoin doesn't want to be as simple as playing games. It's not as easy to tap bitcoin now as it was a few years ago, which requires specialized mining machines. Now the mainstream is the S and X series, if it is to dig some other coins, you might try to use your card, some coins are supporting graphics mining

[Lieldoryn]

I see no reason to expedite the transaction. My wallet has two transactions. Normal variant with transaction cost 0,0008 btc and accelerated option with the cost of 0.0011 btc per transaction. I always use the cheaper option. I just did the transaction. 6 evidence was obtained in 12 minutes.

[buwaytress]

Hey fellow bitcoin users,

I've seen a few services here and there of people expediting the time frame of bitcoin transactions.

I'd like to do the same as these transaction delays are steering beginners away.

I've got 2 gaming computers and a server @ home.

How would I go about helping others speed up their transactions.

If i can get the correct guidance, my next thread will be on freely expediting other bitcoin user's transactions for free.

Thank You!

I have always believed that the time of your transaction can be accelerated only by increasing the price of the commission. But it means that there are people who can accelerate the transaction in their miner pools. Very interesting topic

The important thing here is that your effective fee (in terms of cost per byte and not actual amount) actually has no direct impact on how fast transactions are confirmed (as blocks are found and txs included on an average of 10 mins).

But since miners choose which txs to include in the blocks they find, the higher your effective fee, the more attractive your tx is to miners. Since they have limited space per block it makes economic sense to choose prioritise txs which earn them more fees.

So, the more you pay as fees in proportion to the size your tx takes up, the higher its chance to get picked up by miners for block inclusion, hence confirmation.