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Question: Sent btc with high fee but no confirms, not credited in gambling site and you want to bet on your favorite match anyhow as you think you will win it. What will you do?
I will just wait and watch, that is all I can do. 😕 - 18 (42.9%)
I can't wait at all, I will ask a mining firm to help me as I can pay more fee. - 4 (9.5%)
I will go to the gambling website's support staff and ask them to credit my coins and let me play. - 7 (16.7%)
I will double spend it with higher fee to get the next sent transaction confirmed quick, because I want to gamble at any cost. - 6 (14.3%)
I will increase the fee as my transaction was RBF. - 7 (16.7%)
Total Voters: 42

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Author Topic: How far will you go when you sent btc to a site with high fee but...  (Read 898 times)
fiulpro
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November 01, 2020, 05:39:30 PM
 #81

As I couldn't complete the question in the title, below it is:

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

See if you did send the money from a wallet which allows you to increase the price of the transaction fee when you have already sent it then you can just increase the fee afterwards. But if you are using a wallet which does not allow you to do that , you can just wait for it to confirm and then make another transaction with appropriate fees then you can place your bets and then send the money back in the wallet of use it for the future.

Taken you are using a website which is trustable so you can wait for a while for using that btc.

Rest use wallets like samourai since you will have more options. You have fee options there like :
Urgent
Normal
Low

You can choose depending upon the time you can wait until you make a bet.

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November 01, 2020, 06:07:56 PM
 #82

I always keep a small amount of my coins in the form of Bitcoin Cash (BCH) or Ethereum (ETH). When the Bitcoin transaction fee goes over the roof, I mostly make deposits using these coins. And as far as I know, most of the gambling sites accept deposits with BCH or ETH. Some of them even accept Litecoin and ETC, but I don't have those coins in my wallet.
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November 01, 2020, 06:11:31 PM
 #83

In fact I have never had a problem like the OP asked me when I wanted to gamble. I often make transaction at the suggested fees and it doesn't make me have to wait for confirmation any longer. But for some reason, lately I've been using altcoin instead of bitcoin to prevent high fee. If I did, I would probably wait until my bitcoin were credited to the account. Just wanted to look a little relaxed without rushing to make a bet.

Rest use wallets like samourai since you will have more options. You have fee options there like :
Urgent
Normal
Low
Yes, the cost options are helpful enough to get fast confirmation. I rarely use high fees and I usually prefer normal or slow fees as long as it's not in an urgent situation.


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Mauser
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November 01, 2020, 06:35:27 PM
 #84

As I couldn't complete the question in the title, below it is:

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

I think in the most cases when the fees are high, than the transaction should be processed pretty quickly. But if the transaction gets stuck somehow and the time is pressing, I would try to pay an even higher fee just to get it through. Like in your example above, if there is a nice match I want to bet own and I am pretty sure of winning then it should be no problem to pay a bit higher fee. Because my winnings should easily offset these fees. If the fees are higher than my winnings, than of course it's not worth it.
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November 01, 2020, 06:37:56 PM
 #85

In fact I have never had a problem like the OP asked me when I wanted to gamble. I often make transaction at the suggested fees and it doesn't make me have to wait for confirmation any longer. But for some reason, lately I've been using altcoin instead of bitcoin to prevent high fee. If I did, I would probably wait until my bitcoin were credited to the account. Just wanted to look a little relaxed without rushing to make a bet.

Rest use wallets like samourai since you will have more options. You have fee options there like :
Urgent
Normal
Low
Yes, the cost options are helpful enough to get fast confirmation. I rarely use high fees and I usually prefer normal or slow fees as long as it's not in an urgent situation.

That would be an advantage so your transaction will be prioritized. Higher fee for a very urgent need to push your luck.  Didn't have the need that's why I haven't tried the wallet. Metamask also work this way but it seem to take 5-15 minutes still.  

Frustration will go up after learning you pay high for the transaction to go fast but end up clogged still. You just don't know what happen unless you get help from a miner.



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November 01, 2020, 06:40:34 PM
 #86

As I couldn't complete the question in the title, below it is:

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

I think in the most cases when the fees are high, than the transaction should be processed pretty quickly. But if the transaction gets stuck somehow and the time is pressing, I would try to pay an even higher fee just to get it through. Like in your example above, if there is a nice match I want to bet own and I am pretty sure of winning then it should be no problem to pay a bit higher fee. Because my winnings should easily offset these fees. If the fees are higher than my winnings, than of course it's not worth it.
It would really be depending on the factors if someone decided to pay up more fees and as you had illustrated if the said winning will cover up those fees that had been spent
then its really worth to add up some fees for faster transactions as long you wont able to miss out such event for you to bet which you do see that it has higher chance of winning.
Its just common sense that you would really be eager to fasten up the transaction so you cant just have to sit and chill out because the feeling of missing out a good match which
you know that you have the edge on winning wont really be that giving you that calmness in mind.Therefore, you would haste up and do those ways.

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November 01, 2020, 07:49:15 PM
 #87

Why risk it when you want to bet and use bitcoin? First of all if I am in a hurry I will probably find a place that has something other than bitcoin, like for example ethereum which still has a decently high fee but at least cheaper and more common, if they have something more that would be even better, there are places that accept usdt now for example which is as instant and as cheap as it gets.

So, I would say if you are in a hurry pick a place with altcoin and you could wager that way, it would help you start betting right away and you will not pay fee and you would have no problems. However if you insist on using a place that only has bitcoin option and no other option, why wait until the last second? If there is just an hour until game starts, do not bet and just deposit later and bet on another game.

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November 01, 2020, 08:57:52 PM
 #88

The casino staff can't help you if the transaction doesn't confirm. They can do something only when you have confirmations but cannot see the money on your gambling account.

If there are no confirmations all you can  try the last 2 options in the poll which are sending another tx with higher fee or double spending if possible.

You can also sit and wait. It depends on how long you've been waiting already.
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November 01, 2020, 09:09:35 PM
 #89

How far will you go when you sent btc to a site with high fee but could not get it into the site because either the fee was low based on that time or they credit it after some confirms. Fee has become the talk of crypto nerds and everyone thinks that it is already so high. What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

It's a rare case to me that I will just deposit funds when my preferred bet is now taking place. I usually funding my gambling site's account as early as I can because odds are changing and I don't want a hassle bet.

But for let's say, the confirmation time takes too long to the point that my bet is about to tip-off, then no choice for me but to wait. It's a sorry if my funds won't make it and that said bet won. After all, there are lots of "next time" and won't even bother to send a concern to the support.

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November 02, 2020, 12:23:20 PM
 #90

I guess there is nothing to do but to wait for the transaction to be confirmed. At least 1 confirmation is needed so that casinos can avoid being caught in a double-spending transaction which can result in losing money. And as far as I know, most casinos require a minimum of 3 confirmations so as to transfer money to your balance. However, I think that compromise can be made if there is at least 1 confirmation. However, it is not really necessary because as long as it has 1 confirmation, you will soon get another 2 in a short time

Right now, gambling with bitcoin is a little bit annoying since the fees are too high and blocks are confirmed with a stagnant speed. Therefore, in my opinion, it is wiser to gamble with other cryptocurrencies such as Ethereum or Doge. They are faster than bitcoin and more convenient if you want to split your capital into smaller parts for a longer amusement

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November 02, 2020, 01:38:11 PM
 #91

Quote
I will increase the fee as my transaction was RBF

I believe this will solve your issue, we all know that miners prioritize transaction with high fees, accelerators are good but I don't think they can help confirm in time, I asked help to accelerate my transaction but it still goes 5 hours to confirm.

But it's better to schedule your deposit in time that you are going to gamble, if you cannot then choose other coins with low fees and fast confirmation.
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November 02, 2020, 01:44:54 PM
 #92

Right now, gambling with bitcoin is a little bit annoying since the fees are too high and blocks are confirmed with a stagnant speed. Therefore, in my opinion, it is wiser to gamble with other cryptocurrencies such as Ethereum or Doge. They are faster than bitcoin and more convenient if you want to split your capital into smaller parts for a longer amusement

We can do nothing with the bitcoin fees, but we can wait for a while until the fees can reduce. Fortunately, we have many coins that we can use to playing gambling, and with the bitcoin fees increase, it will not stop us from playing gambling. The altcoin can serve us in the fast confirmation and the fees are not too high compared to bitcoin. But even if we can use the altcoin to gamble, we still need to be careful with the addiction because we never know when we lose the money.

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November 02, 2020, 03:19:08 PM
 #93

Right now, gambling with bitcoin is a little bit annoying since the fees are too high and blocks are confirmed with a stagnant speed. Therefore, in my opinion, it is wiser to gamble with other cryptocurrencies such as Ethereum or Doge. They are faster than bitcoin and more convenient if you want to split your capital into smaller parts for a longer amusement

We can do nothing with the bitcoin fees, but we can wait for a while until the fees can reduce. Fortunately, we have many coins that we can use to playing gambling, and with the bitcoin fees increase, it will not stop us from playing gambling. The altcoin can serve us in the fast confirmation and the fees are not too high compared to bitcoin. But even if we can use the altcoin to gamble, we still need to be careful with the addiction because we never know when we lose the money.
It's very high time dealing with bitcoin when it's soaring up. Some sportsbet and casino site are so ridiculous to charge equivalent of $10 btc for just single withdrawal. What I believe it's not all about miner fees. I can't rely their words fully as fees are dynamic so, they're not able to quote a fixed amount. It's time to move alternative currency until everything settle down or get sensible charges.

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November 02, 2020, 03:43:17 PM
 #94

Maybe the least thing that I can do is to just wait and contact some website support staffs in order to check the transaction that I have made, and also if it will be just an delay then probably I can just ask also to put some chips in my account so that I can bet on my team because I have some instincts that it will win. Provided that the transaction about the delayed transfer will be confirmed.



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November 02, 2020, 03:47:04 PM
Last edit: November 02, 2020, 03:59:00 PM by XZERO1
 #95

What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

The best thing in my opinion would be to just wait even if you got a good betting opportunity waiting, there's not much you can do if your transaction is not confirmed on the blockchain except maybe use one of those free transaction accelerator services which actually kind of works in many cases, unless the transaction that you just sent is confirmed but is just not credited into your account which is a totally another story and because it's the gambling website problem you surely have to contact support since there could be some issues that only they can help you with, there's issues like this that should convince more gambling websites to add more payment methods for other coins that usually charge lower fees and have faster transaction speed as well.
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November 02, 2020, 04:07:50 PM
 #96

What will happen when price is high and miners increase fee, mempool is clogged and you have your favorite winning bet available right there on the table but your btc is in your wallet and you want it to reach the gambling site anyhow to bet and win? Give your valuable opinions as they matter.

The best thing in my opinion would be to just wait even if you got a good betting opportunity waiting, there's not much you can do if your transaction is not confirmed on the blockchain except maybe use one of those free transaction accelerator services which actually kind of works in many cases, unless the transaction that you just sent is confirmed but is just not credited into your account which is a totally another story and because it's the gambling website problem you surely have to contact support since there could be some issues that only they can help you with, there's issues like this that should convince more gambling websites to add more payment methods for other coins that usually charge lower fees and have faster transaction speed as well.
Right now is not good moment for using bitcoin as currency for betting in gambling, last week I sent bitcoin have waiting for more than five hours with lower fees above $3, how come if using faster you need $5 for fees transaction. Better check with betting site have support with using altcoin as deposit like TRX, DOGE or XRP, by using altcoin you can less payment fees with TRX just take 1 trx each transaction you make. I think with bitcoin is not good way for betting because you have pay more when deposit and withdraw later because have higher fees transaction you need. Maybe you can wait when bitcoin transaction back to normal with lower payment fees and have faster for withdraw or deposit to confirmation.

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November 02, 2020, 04:22:25 PM
 #97

I always turn on my RBF (Replace By Fee) on my wallet for something like this I could even change the transaction fee if was stuck or something or sometimes I double spend it to cancel the transaction. This is a good topic to know what others will do if something like this could happen.

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November 02, 2020, 04:33:22 PM
 #98

This was happened to me the transaction i've sent to casino is low since I think the fee is high at that time and what happened is that the transaction was stuck and I can't do anything about it but to wait i  think it took a day or hours before it was confirmed I also try to use some free transaction accelerator but it's no use at all.
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November 02, 2020, 06:41:17 PM
 #99

I always turn on my RBF (Replace By Fee) on my wallet for something like this I could even change the transaction fee if was stuck or something or sometimes I double spend it to cancel the transaction. This is a good topic to know what others will do if something like this could happen.

When you do make use of wallets like electrum then you would really have this RBF thing where you can always increase up the fees as you'd like in case that you have
seen that the transaction was stuck for long time due to low fee.

I have chose in the poll where I do just need to wait and chill before confirmation do pops out.Im not really increasing any fee and if got stuck then let it be
yet theres nothing you can do aside from increasing its fee.

Its not really that appealing to see fees that way more that $5 in my part.

R


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Ayiranorea
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November 02, 2020, 10:01:50 PM
 #100

I'll be waiting to receive the sent amount, because anything in hurry has more chances of loss. Everytime I look for spending on a team I prefer live betting than pre-match bets. So I'll be having enough time for the transaction to get confirmed and make use of the same on gambling with ease than getting hurry.

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