I was having trouble with my transaction not being confirmed and I wrote about that in the forum here. Pretty soon I received this PM.
This transaction will never get confirmed, the fees are way to low:
https://blockchain.info/tx/339b84974d2fcb46b77c4a0167a92517c5122600165f4ee167dfc0595f5816f5 100.592 sat/B
If you would like this transaction to confirm you have to do the following:
In your Electrum wallet click Tools -> Load transaction -> from text
Input the following encoded raplecement transaction - this is the stuck transaction in encoded RAW but with higher fee:
0100000005d00b50f6c9fb91423a457b8f415a8f2be215055fa5e4696cd7b00be9d5d46bd8000000001976a91410b9eb243632d27d2e7597ce803d51b697e5350688acffffffffcb89b12aa47c89e7e17bc4d047a2531662f0ba5bf915acd288881f92aca116a8000000001976a91410b9eb243632d27d2e7597ce803d51b697e5350688acffffffffe93c34c54ac2533b37b597d4a363aeb594f9e88c4ab0c11d926d24c8bb462591000000001976a91410b9eb243632d27d2e7597ce803d51b697e5350688acffffffffbda0b89e8bb377ab5dcd43aa9bae7fe7db10089a4ceafc34d0c7a8fda4db9af6010000001976a91410b9eb243632d27d2e7597ce803d51b697e5350688acfffffffff516585f59c0df67e14e5f16002612c51725a967014a7cb746cb2f4d97849b33000000001976a91410b9eb243632d27d2e7597ce803d51b697e5350688acffffffff01809ff9f4000000001976a91455d83ffe39b5b1f3940052b48b039e2d914b43e088ac00000000
Now click on "Sign" and after this "Broadcast".
Now a new TX will be created with a higher fee and will be imported to a new change address created by Electrum causing the miners to pick the TX with the highest fee and old one to drop. (CPFP or Child Pays For Parent Transaction)
Can someone tell me if this is true? and should I follow these instructions?