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Author Topic: Kindly help me confirm this BTC transaction  (Read 160 times)
SocratesMK (OP)
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March 29, 2019, 04:41:16 PM
 #1

Dear Forum Members,

I am writing to kindly ask for your assistance for a transaction that has taken over an hour to confirm. Kindly assist this transaction to confirm
transaction ID :

57e3bdf54deb09b050403b87b0ab9916e0fefb19841f1a11f009ace77ee46a51
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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TryNinja
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March 29, 2019, 04:54:28 PM
 #2

You don’t have to create a thread for every transaction you make. Sometimes it just takes some time to confirm (due to a suddenly spike of transactions, liwer fee, etc).

There was a spike of transactions the last few hours. But it is catching up for your fee range. http://core.jochen-hoenicke.de/queue/#0,24h

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SocratesMK (OP)
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March 29, 2019, 04:58:15 PM
 #3

You don’t have to create a thread for every transaction you make. Sometimes it just takes some time to confirm (due to a suddenly spike of transactions, liwer fee, etc).

There was a spike of transactions the last few hours. But it is catching up for your fee range. http://core.jochen-hoenicke.de/queue/#0,24h

Since I have posted the transaction ID for forum member to check, based on your assumption, do you think the mining fee could have been the reason for the untimely delay
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March 29, 2019, 05:03:12 PM
 #4

Since I have posted the transaction ID for forum member to check, based on your assumption, do you think the mining fee could have been the reason for the untimely delay
Yes. This fee would usually be enough, but there was a spike of unconfirmed transactions, so many transactions got priorized over yours. Since the recommended fee varies a lot, there are times where, for example, a 5 sat/byte fee would be enough... until a lot of transactions of 8+ sat/byte arrive in the mempool. Making the recommended fee rise to 8-9 sat/byte. The 5 sat/byte would then need to wait until every 8 sat/byte tx gets confirmed.

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.HUGE.
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SocratesMK (OP)
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March 29, 2019, 05:08:12 PM
 #5

Since I have posted the transaction ID for forum member to check, based on your assumption, do you think the mining fee could have been the reason for the untimely delay
Yes. This fee would usually be enough, but there was a spike of unconfirmed transactions, so many transactions got priorized over yours. Since the recommended fee varies a lot, there are times where, for example, a 5 sat/byte fee would be enough... until a lot of transactions of 8+ sat/byte arrive in the mempool. Making the recommended fee rise to 8-9 sat/byte. The 5 sat/byte would then need to wait until every 8 sat/byte tx gets confirmed.


Thanks.
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March 29, 2019, 06:56:40 PM
Last edit: March 29, 2019, 08:04:19 PM by BitMaxz
Merited by Pmalek (1), bones261 (1)
 #6

Quote
57e3bdf54deb09b050403b87b0ab9916e0fefb19841f1a11f009ace77ee46a51
According to your TXID in blockchain the transaction is not yet confirmed have you tried to submit it through viabtc TX accelerator?
The right URL is here https://pool.viabtc.com/tools/txaccelerator/

Anyway, I submitted the transaction ID to speed up the transaction and rebroadcast it through https://coinb.in/#broadcast

and let's wait for 30-60 minutes to confirm.

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Pmalek
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March 30, 2019, 09:24:28 AM
 #7

Your transaction now shows 90+ confirmations so it should be all right now.
https://www.blockchain.com/btc/tx/57e3bdf54deb09b050403b87b0ab9916e0fefb19841f1a11f009ace77ee46a51

I suggest you close this thread since the issue has been resolved and your funds have been sent.

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