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Author Topic: $200 transaction stuck for two weeks today...  (Read 79 times)
anonymoususer2
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December 20, 2017, 03:51:58 PM
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Hi,

I understand that this post might be a spam-post (due to you probably receiving a lot of these posts, when all we really got to do is just educate us on the subject) and I do understand that the Bitcoin-network is under heavy load as of lately. However, I have a urgent question that I cannot answer myself no matter how much I read. Child pay for parent etc is just too advanced for me and I am sorry to say that I rather go for the lazy way out and post here, and receive a yes or a no from one of you who actually understands this topic.

However, to the point: I have a transaction that was sent on the 6th of December 2017. This transaction was sent from an online wallet that I do not wish to disclose. What I can say, is that this wallet did not allow me to change the fee. I do believe that the reason for this transaction being so slow, is because the fee is so low. I have tried to accelerate the transaction multiple times using a website called confirmtx.com, but I can no longer do so, it asks me to pay them and it will then cost more than half of the transactions value ($115 I believe was the cost).

So, I am not here today to ask you if you can solve this, or HOW to solve this. Instead, I want to ask about this "time-out"-feature. This transaction was sent, as previously mentioned, from an online wallet. I do not have access to this wallet and the staff-members cannot help me with this. The system works like this: You can receive and send payments to a certain address for 1 day. After that day has passed, it will be "hidden" from the user (myself) but still exist, for another 7 Days. So, the address that this payment was sent from existed for a maximum of 8 days. Now it is out of my control, and as far as I know, nobody else can access it either.

The transaction is this: https://blockchain.info/tx/8a98109bff7dbb33a6c298e42ad505178ba5763ff62a8fd59c65b9175e9e222c

The problem is not that it's taking time. The problem is, if this will time-out or be reversed somehow, then it will go back to the address it was sent from I presume? And as I said, nobody has access to this address anymore, resulting in a loss of $200 for me.

So, users of BCT, what suggestions do you have for me and what information can you give me? I already read another thread saying that since version 0.12 or something, you had to manually enable the "time-out"-feature. Since I had an online wallet where I got no information or data except for an address, I do not know of any such settings.

Thank you all for your help.
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spazzdla
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December 20, 2017, 04:00:59 PM
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Kind of in the same boat but with $60k..........

Bitcoin is currently useless unfortunately.. This might be the reason the bubble pops.
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December 20, 2017, 04:23:52 PM
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Kind of in the same boat but with $60k..........

Bitcoin is currently useless unfortunately.. This might be the reason the bubble pops.

$60k damn that sux man, i feel your pain.

think the question is: why wasn't these issues happening when bitcoin was at @£7k-10k?  or were they? i was'nt buying bitcoin when it was lower than 8k-10k so i don't know.

Are these unconfirmed transaction increases due to network activity or due to rarity of mining the coin? i'm trying to understand why transactions are now risky in regards to 'if' they go thru.. im assuming its miners fee's which as you said, if it continues then, well bitcoin will be very expensive to move around. seems all i see is fee's along the way.. surely this gives room for alt coins and new protocols to have an advantage in future.
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December 20, 2017, 04:29:16 PM
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Kind of in the same boat but with $60k..........

Bitcoin is currently useless unfortunately.. This might be the reason the bubble pops.

60k fuk that sux man, i feel your pain.

think the question is: why wasn't these issues happening when bitcoin was at @£7k-10k?  were they? i wasnt buying bitcoin when it was lower than 8k-10k so i don't know.

Are these unconfirmed transaction increases due to network activity or due to rarity of mining the coin? i'm trying to understand why transactions are now risky in regards to 'if' they go thru.. im assuming its miners fee's which as you said, if it continues then, well bitcoin will be very expensive to move around. seems all i see is fee's along the way.. surely this gives room for alt coins and new protocols to have an advantage in future.

Hard to know for sure, I have been around btc since 2013.  It cost very little to use BTC then.  It could be just that many people using it, could be banks launching a spam attack to discredit it, could be the Bcash horde launching an attack to discredit it, really hard to know.

The risk in a tx not confirming are not that bad either

A) you wait a really long time
B) The network drops the tx and you re send with higher fee.

There is a small chance someone double spends but that depends on how you sent the coins.
buwaytress
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December 20, 2017, 04:31:33 PM
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Ok, first off, confirmtx.com has been confirmed to be a scam by many users. They never owned access to miners, they simply submitted onwards to free services and tried to claim credit for it, so you did well to avoid paying. Currently, all paid services will probably require you to pay a lot more than you're willing, so you can forget about them for the moment.

You can try your luck with free services here: https://bitcointalk.org/index.php?board=52.0 but with the mempool so high, you're likely to be in for a long wait. But as you're not looking to solve it...

Definitely seems you're using an online wallet with no control over it - but the owners of the sites should be able to assist if they wanted to. To answer your question, we would need to know what "time out" means for your wallet. If this means that the transaction is dropped from the mempool (in which case if we looked it up it wouldn't appear), then yes, the 2 inputs there would still remain in the addresses 1E25afQt2MsVp5MtjBr57ZcxkpYwoivu63 and 1CryX3pg75Lw2j2JqPUdTe3JEdhmWVL2g2.

They will always exist, beyond the period you mentioned, I am assuming only that you will only be credited for the amounts deposited to them within those 8 days. The site you use definitely has access to those addresses, since they control the private keys. You must make this point to them. You couldn't control fees, so the responsibility lies with them as the sender.

Also, coins are not sent back when the tx drops. They simply are never sent.

Lionel
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December 20, 2017, 08:31:28 PM
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Many scammer "tx accelerators" are there that ask huge amounts. Don't trust them.

OP you should contact that website and ask them to replace the tx fee with a higher fee ( Opt-in RBF feature). If they have Bitcoin Core on their machines they can do it.
Maybe you can pay them something for it.

Also a friend of mine sent a low-fee tx from Electrum , it's still there in the limbo after 2 weeks!

A few years back i did the same from Blockchain.info.
After 3 days it got rejected with no problems.
So i thought there is a 3-days timeout built-in in the blockchain protocol.

But now i see that many transactions can be stuck for weeks, then the "time-out" is not a fixed value? Can be forever?

I still don't understand what the timeout depends on, since it's not a constant time value it must vary depending on something.

If anyone has a technical explanation on this, or a link to some resource, would  appreciate.
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