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Geremia (OP)
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November 20, 2013, 06:38:41 PM |
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Why did it take this transaction 41 hours to get into the blockchain? How is that possible? It was received on 2013-11-18 23:31:24 and only got into block # 270639 (2013-11-20 16:02:07 +2,431 minutes)! It thus instantly jumped from 0 confirmations to 13+ confirmations now. Is this because the volume of BTC transactions has skyrocketed recently, and blocks have a transaction number limit, don't they? |
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Remember remember the 5th of November
Legendary
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Activity: 1862
Merit: 1011
Reverse engineer from time to time
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November 20, 2013, 06:56:22 PM |
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Why did it take this transaction 41 hours to get into the blockchain? How is that possible? It was received on 2013-11-18 23:31:24 and only got into block # 270639 (2013-11-20 16:02:07 +2,431 minutes)! It thus instantly jumped from 0 confirmations to 13+ confirmations now. Is this because the volume of BTC transactions has skyrocketed recently, and blocks have a transaction number limit, don't they? Because you didn't pay a fee. Or basically, you were cheap, that's why. |
BTC:1AiCRMxgf1ptVQwx6hDuKMu4f7F27QmJC2
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Geremia (OP)
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November 20, 2013, 08:15:45 PM |
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Because you didn't pay a fee. Or basically, you were cheap, that's why. Does Bitcoin allow retracting transactions from the network before someone places them in the blockchain? |
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grue
Legendary
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Activity: 2058
Merit: 1431
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November 20, 2013, 08:23:38 PM |
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Because you didn't pay a fee. Or basically, you were cheap, that's why. Does Bitcoin allow retracting transactions from the network before someone places them in the blockchain? other than nodes "forgetting" transactions when they restart, no. |
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Geremia (OP)
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November 29, 2013, 04:18:29 AM |
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Is there a general rule for how much I should make my transaction fees to ensure speedy insertion in blockchain and thus speedy confirmation?
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DeathAndTaxes
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Activity: 1218
Merit: 1079
Gerald Davis
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November 29, 2013, 04:19:32 AM |
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Is there a general rule for how much I should make my transaction fees to ensure speedy insertion in blockchain and thus speedy confirmation?
the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB. |
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Light
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November 29, 2013, 04:30:14 AM |
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the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB.
You can also choose to have a larger transaction fee if you want your transaction to go through faster. Honestly, if I were you though I would avoid not paying tx fees. |
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Geremia (OP)
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November 29, 2013, 04:34:50 AM |
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the min fee for low priority tx is a good place to start. That is 0.1 mBTC per kB.
You can also choose to have a larger transaction fee if you want your transaction to go through faster. Honestly, if I were you though I would avoid not paying tx fees. Well, I upgraded to bitcoin-qt v0.8.5, and for some reason they dropped the default transaction fee (cf. this thread). |
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BitCloud
Newbie
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Activity: 48
Merit: 0
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November 29, 2013, 04:43:29 AM |
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I did a transaction 1/8th your size without fees and got confirmed a little reluctantly after 2h or so
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