googlerankspecialist (OP)
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LG LIFE IS GOOD
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December 21, 2017, 02:56:45 PM |
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What would be the best way's to get Big Transfers completed fast ASAP? I know of this place for one https://goo.gl/LeM95kBut is there any other and are the any tricks or hacks to get it Transferred cheaper.I read an articular where it said if the Dev's go back to the old way Where everyone mines on there own PC's it would increase the speed of transactions is this true?
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mk354
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December 21, 2017, 03:05:05 PM |
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first understand that you're paying the transaction fee to the network and not to bitcoin wallet provider The transaction fee is necessary for a number of reasons. but you can pay extra to get it confirmed faster. I know that for a fact
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Digitalbitcoin
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December 21, 2017, 03:07:39 PM |
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I just stumbled with this Tread.
I checked it out, Its service from ViaBTC. But is this really accelerate transaction or just gimmick or trick to rob some of Bitcoins.
Because I personally check ViaBTC not responding to transaction ID and BTC.com is requesting payments in BCH.
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wadili89
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December 21, 2017, 03:10:50 PM |
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Any transaction did by localbitcoin ( send only ) will be confirmed real quick in like 10 mins as their each transaction is a joint transaction of about 10 to 12 users and mostly fee of 0.002 now a days ( joint fee ) and the transaction get confirmed real quick.
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chuckblocker
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December 21, 2017, 03:18:33 PM |
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Yes, localbitcoins splits the fee and it’s very good for the user. Pay 4$ fee there vs 35 on blockchain.info for which u pay all the fee urseld.
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googlerankspecialist (OP)
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December 21, 2017, 03:24:55 PM |
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Any transaction did by localbitcoin ( send only ) will be confirmed real quick in like 10 mins as their each transaction is a joint transaction of about 10 to 12 users and mostly fee of 0.002 now a days ( joint fee ) and the transaction get confirmed real quick.
Let me ask you something because you seem knowledgeable Why am I hearing that bitcoins transactions are costing 8+ dollars and excuse my ignorance as I'm still trying to figure out how the miners are paid and how much it actually cost them to work a block.
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eternalgloom
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December 21, 2017, 03:41:05 PM |
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Yeah there's another way to get your transaction confirmed faster, it's called CPFP (Child Pays For Parent). Say you received a transaction with too little fees and you want to get it to confirm faster. You basically have to send another transaction with those coins and put a higher fee on that one. Miners will now also confirm the transaction 'above' yours because they want the fees from the transaction you've sent. I'm sure someone else could explain it better, but that's the jist of it. More information here: https://en.bitcoin.it/wiki/Fee_bumpinghttps://www.reddit.com/r/Bitcoin/comments/4odi90/can_someone_explain_cpfp_child_pays_for_parent/
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kevoh
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December 21, 2017, 03:42:49 PM |
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Any transaction did by localbitcoin ( send only ) will be confirmed real quick in like 10 mins as their each transaction is a joint transaction of about 10 to 12 users and mostly fee of 0.002 now a days ( joint fee ) and the transaction get confirmed real quick.
Let me ask you something because you seem knowledgeable Why am I hearing that bitcoins transactions are costing 8+ dollars and excuse my ignorance as I'm still trying to figure out how the miners are paid and how much it actually cost them to work a block. The whole transaction fee thing works like a auction. People are willing to pay more than the average fee for processing a transaction and miners will prefer to process only transactions with higher fee over lesser fee. The more there are people who can afford to pay more than usual to get their transaction processed the higher the transaction fee will be.
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googlerankspecialist (OP)
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December 21, 2017, 04:13:30 PM |
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Great thread super informitive
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googlerankspecialist (OP)
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December 21, 2017, 04:44:30 PM |
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Any transaction did by localbitcoin ( send only ) will be confirmed real quick in like 10 mins as their each transaction is a joint transaction of about 10 to 12 users and mostly fee of 0.002 now a days ( joint fee ) and the transaction get confirmed real quick.
Let me ask you something because you seem knowledgeable Why am I hearing that bitcoins transactions are costing 8+ dollars and excuse my ignorance as I'm still trying to figure out how the miners are paid and how much it actually cost them to work a block. The whole transaction fee thing works like a auction. People are willing to pay more than the average fee for processing a transaction and miners will prefer to process only transactions with higher fee over lesser fee. The more there are people who can afford to pay more than usual to get their transaction processed the higher the transaction fee will be. I think they should do some work on it i'm sure we can make it better
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googlerankspecialist (OP)
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December 21, 2017, 05:32:07 PM |
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first understand that you're paying the transaction fee to the network and not to bitcoin wallet provider The transaction fee is necessary for a number of reasons. but you can pay extra to get it confirmed faster. I know that for a fact
Yes i just did another transfer on it and it's working fine
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mk354
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December 21, 2017, 06:07:16 PM |
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Yes, localbitcoins splits the fee and it’s very good for the user. Pay 4$ fee there vs 35 on blockchain.info for which u pay all the fee urseld.
I think it comes out to 3.50 per transfer but im not sure
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negamus
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December 21, 2017, 06:17:39 PM |
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Viabtc is not working anymore, the sames goes to antpool, it seems that they are no longer confirming transactions, they all are saturated. There are 280k of unconfirmed transactions on the mempool, it has never been seen before.
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googlerankspecialist (OP)
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December 21, 2017, 08:33:13 PM |
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What is going on I need my transaction confirmed ASAP ...I have never seen a day like this
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googlerankspecialist (OP)
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December 21, 2017, 08:36:26 PM |
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OK it took an extra 5min
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Patatas
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December 21, 2017, 08:46:18 PM |
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OK it took an extra 5min
- Stop bumping the thread multiple times in less than 24 hours. - If you been around the bitcoin scene you'd know that network congestion is common and you should always check the bitcoin fees before broadcasting a transaction. -Technically,there are no alternative ways if you don't use bitcoin-core or any CLI controlled wallet to RBF (Replace By Fee) Say you received a transaction with too little fees and you want to get it to confirm faster. You basically have to send another transaction with those coins and put a higher fee on that one. Miners will now also confirm the transaction 'above' yours because they want the fees from the transaction you've sent.
Sounds like a double spend ? I mean in the exact opposite case,why it wouldn't be double spent ? Also this.. CPFP is only something the recipient can make use of. If you receive a transaction that is still unconfirmed because the fee was too low, you can spend it and include a transaction fee that is big enough for both transactions. A miner that has CPFP enabled will mine both transactions in order to get the larger fee from the second transaction.
They usual way of doing it using RBF is here : https://www.reddit.com/r/Bitcoin/comments/3uphgv/eli5_what_is_rbfreplacebyfee/
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AwpDragonPoor
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December 21, 2017, 11:05:56 PM |
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There is no way for your transaction to be confirmed asap or immediately, however paying a higher fee can prompt miners to allocate your transaction higher on their priority list, leading to faster trans times. The more you pay for cash, the faster the transaction is going to go through.
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easynote
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December 22, 2017, 02:09:45 AM |
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What would be the best way's to get Big Transfers completed fast ASAP? I know of this place for one https://goo.gl/LeM95kBut is there any other and are the any tricks or hacks to get it Transferred cheaper.I read an articular where it said if the Dev's go back to the old way Where everyone mines on there own PC's it would increase the speed of transactions is this true? Viabtc is the only place that I know that will allow the people to accelerate their transactions for free.
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VODisAdick
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December 23, 2017, 07:37:26 PM |
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and how is it that is works?
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