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Author Topic: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question  (Read 128 times)
Get-Paid.com (OP)
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January 14, 2018, 05:05:57 PM
 #1

Does this mean if this transaction was sent with additional 3 Sat/B then it would have been completed by now? (currently 2.5h with no confirmation):

https://blockchain.info/tx/1ed17af552439216c761b8880a9fa1ee6a3a38f82cfd0ac873fd797a6c147bee

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LoyceV
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January 14, 2018, 05:10:29 PM
 #2

No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found.

If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further.

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January 14, 2018, 05:16:35 PM
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No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found.

If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further.

Thanks!

Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?

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January 14, 2018, 05:47:54 PM
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Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?
That block is complete already.

What is Bitcoin transaction locktime?
In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited.

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January 14, 2018, 06:02:04 PM
 #5

Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?
That block is complete already.

What is Bitcoin transaction locktime?
In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited.

Thanks.

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