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Topic: Bitcoin Transaction Accelerator (Read 300 times)
HCP
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Re: Bitcoin Transaction Accelerator
July 17, 2020, 03:11:17 AM
#21
Quote from: GreatArkansas on July 17, 2020, 01:08:45 AM
I think it's really on my end, most of my transactions before are very low transaction fees.
Exactly... The VIAbtc accelerator has an absolute
minimum
of 10 sats/byte... if your fee is under this, it is not eligible for their acceleration service.
Basically, the best options are:
1. Use a proper fee for your situation (if you can wait hours/days, use whatever you like, if you need it "now", use an appropriate fee as per the current network conditions)
2. Use RBF (or CPFP)
Trying to rely on "accelerators" is a bad plan.
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Transactions must be included in a block to be properly completed. When you send a transaction, it is broadcast to miners. Miners can then optionally include it in their next blocks. Miners will be more inclined to include your transaction if it has a higher transaction fee.
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Re: Bitcoin Transaction Accelerator
July 17, 2020, 10:06:59 AM
#22
Quote from: GreatArkansas on July 17, 2020, 01:08:45 AM
Oh yeah, it worked, I tried to pick some random transaction that is still unconfirmed with high fee (satoshi/bytes) and I tried to accelerate it there in viaBTC bitcoin transaction accelerator and it works.
I think it's really on my end, most of my transactions before are very low transaction fees.
You see the thing was just that the fee was insufficient to meet the ViaBTC criteria, and because of that many simply say that the whole thing doesn't work. There has been a discussion on this
topic
recently, so it's not bad to read what's written there, at least some things are clear as far as fees are concerned.
What can sometimes be misleading is that the transaction is confirmed on a regular basis, and the transaction accelerator did not play any role - so it is advisable to check the block in which the transaction was confirmed, and there you can see which mining pool found that particular block. The easiest way to do this is to visit ->
https://www.blockchain.com/explorer
and check latest mined blocks.
ViaBTC accelerator (and even the paid version) is not a magic tool that will literally speed up the transaction, but it all depends on how lucky they are to find the next block. Take for example that ViaBTC found the
Block 639565 - Timestamp 2020-07-17 02:18
, and their next block was
Block 639601 - Timestamp 2020-07-17 09:14
, almost 7 hours after last one.
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Asuspawer09
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Re: Bitcoin Transaction Accelerator
July 17, 2020, 02:33:40 PM
#23
Quote from: ReiMomo on July 16, 2020, 11:37:35 PM
Quote from: Asuspawer09 on July 16, 2020, 08:27:45 PM
~snip~
In the services section there are some who offer free bitcoin transaction acceleration for free does anyone try it and actually work?
I guess that the reason why posted this thread and asking if bitcoin accelerator will actually work.
It will work sometimes but not consistently, bitcoin accelerators did have control to make faster the transaction of bitcoin to be confirmed.
There's no problem if you will pay the higher amount, not just the recommended one or you will modify the fee into the smallest unit of bitcoin.
Be careful newbie on this accelerating bitcoin transaction, I have read so many times that there are cases of hacked issues due to free service of bitcoin accelerator.
Recently all of my transaction doesn't really take that long so most of the time you just need to wait for the transaction to be complete.
I also read some cases of hacked that's why I'm a bit afraid to use this bitcoin accelerator but I guess it's not true to hack bitcoin transactions.
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Re: Bitcoin Transaction Accelerator
July 17, 2020, 08:53:28 PM
#24
Very hard to tell though. I can't it as coincidence because the transaction would confirm anyway just longer during wait time. Paid accelerators are a no-go too. They charge a lot more than the transaction amount.
It's better to use proper fee and avoid looking for accelerators.
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Re: Bitcoin Transaction Accelerator
July 17, 2020, 10:29:46 PM
#25
Quote from: Asuspawer09 on July 17, 2020, 02:33:40 PM
I also read some cases of hacked that's why I'm a bit afraid to use this bitcoin accelerator but I guess it's not true to hack bitcoin transactions.
Some if not most of those transaction accelerators are scams. However, all they can do is to ask you to pay few bucks to get your transaction accelerated (which will not happen).
They can't hack your wallet or steal your funds as long as you are required to only provide the transaction ID.
Never disclose any data related to your wallet other than the transaction ID since it's the only information they need to accelerate a stuck transaction.
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