Sending Unconfirmed BTC from Specific Address?

[jerry0]

HCP yes i know i sound very confusing.


Anyways, i sent the btc as how i normally do and did not do the spend from option.


I have one issue though.  I did not check the dynamic fees when i sent the btc.  What i did was move the fee bar myself and did the minimum fee for within 25 blocks... which shows a fixed rate of 0.0009btc/kb.


I paid about 0.00020 in btc fees which is like $3.70


Right now on my electrum, it shows it as replaceable with an arrow sign.  When i clicked on the dynamic fees, i believe the fee was set at 6 dollars or so but then i unchecked it.


How long would it take for this to go through?  And there is an option to increase the fee it seems.  When should i do that if it takes too long?  The other thing is this.  I read someone posted their transaction and someone was able to speed it up for them or something?  Can you tell me how that would work?  Frustrated because i should have just checked dynamic fees and not think about it.

[jerry0]

HCP or anyone else who is expert with these btc fees, the btc i sent is shown pending deposit on bittrex.  Does that mean the btc will get there eventually?  Also, would there be a way to resend it with a higher fee so it gets there faster or not?


So i had i clicked dynamic fees, then it would have gotten there already?  It was still sent within 25 blocks but it was the slowest one i chosed.

[HCP]

No one knows for sure... what you need to realise is that these "within X blocks" things are ESTIMATES ONLY! (based on the network conditions/average fees AT THAT TIME)

There is ZERO guarantee that if you select 1 block, that it will only take one block... it could be that 100,000 people send transactions 1 minute after yours with fees that are all higher... your transaction gets bumped to the bottom of the fee size pile, you end up waiting 2 days.

All you do by increasing the fee, is increase the odds of getting a faster confirmation than if you set a lower fee.

As every says ALL the time... check here: https://bitcoinfees.earn.com/ and here: https://btc.com/stats/unconfirmed-tx and then set your fee RATE accordingly.

Remember it has NOTHING to do with the $ value or the total value of your fee... it is the RATE (satoshis/byte or BTC/kB) that will likely determine how soon your transaction is picked up. For example, 10000 byte transaction with 10 sats/byte fee = 100,000 satoshi fee (0.001 btc)... will likely take a LOT longer than a 226 byte transaction with 300 sats/byte fee = 67,800 satoshi total fee (0.000678 btc)

Turn off dynamic fees and set your fee manually at your own risk.

[jerry0]

HCP thanks.  I will make sure dynamic fees in on from now on when i send.


Want to ask you something else but not sure if you know about this or not.  I heard about viabtc accelerator.   I tried to put the transaction id in and the cache and submitted it right at the top of the hour but i keep getting a 502 error for some reason.


Someone tells me i can just give them the transaction id and then they can do it for me and try.  Its not this forum but another and that forum is pretty helpful with posters.  Its not a bitcoin forum.  They mentioned they did it for someone else and it worked when someone asked if they could it for them.  I can confirm this is true because on that forum the other guy told him thanks it got confirmed.   Do you know if this is fine?  I ask this because I sent btc to an exchange.  So when that person enters my transaction id in viabtc acceleration and it goes through, the exchange would not know someone else tried to do the viabtc accelerator for me right?   Like would the exchange notice okay i sent btc to the exchange but it got accelerated by someone else?

[HCP]

There is no obvious way to tell if a transaction has been "accelerated" or not... and I doubt anyone receiving bitcoins would even care. Why would they? They got their bitcoins...

Anyone can "accelerate" any given TransactionID (assuming the transaction satisfies the conditions of the service they're using, ie. for ViaBTC, min 10 sats/byte fee and no unconfirmed parent transactions). You could for instance just look at any random transaction waiting in the mempool and go and accelerate it on ViaBTC assuming it met the requirements.

ViaBTC only provides 100 slots PER HOUR. Given how high fees are right now, and the 100,000+ unconfirmed transactions out there, it is understandably a VERY popular service (nevermind the scores of users trying to leverage it for income by "begging" for tips to accelerate peoples transactions )...

Their website is possibly suffering under the strain when thousands of people all click submit at the top of hour... personally, I have had a great deal of success with it... (assuming I haven't screwed up my fee calculation and sent with a fee <10 sats/byte ... but we won't talk about that!  )

[jerry0]

Hi thanks for the response.  I got it accelerated according to the website but of course i don't know how long it would take.