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Author Topic: Please help to accelerate my transaction  (Read 96 times)
WNTD (OP)
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February 03, 2021, 05:33:40 PM
Merited by LoyceV (1)
 #1

Hello,

I don't know if this is the right place, but could somebody be so nice and help me out with my unconfirmed transaction, please? Smiley

Was the fee too low? I selected the *high* option in my app.. If yes, what's a good amount per Byte to be safe?

19a0af258f4f6632d5669e7aeb7d515efc24251ae59ffa6e69f74a9ac4a7e961

Thank you!
Upgrade00
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February 03, 2021, 05:55:05 PM
 #2

Was the fee too low? I selected the *high* option in my app..
It hasn't been too long since you sent out the transaction and at times when the price of Bitcoin climbs up, the network gets a bit clogged, increasing the competition between transactions to get confirmed. Wallets and apps use different algorithms in determining the fees to be paid, but it usually adds to the average at the time, to speed up transactions from their sites and accommodate changes in the network.
Here's your transaction details on blockchair: https://blockchair.com/bitcoin/transaction/19a0af258f4f6632d5669e7aeb7d515efc24251ae59ffa6e69f74a9ac4a7e961

what's a good amount per Byte to be safe?
There's no good amount on feerate, it depends on the state of the network at the time it was broadcast.

About your topic title: Please help to accelerate my transaction, there are limited options on accelerating a transaction:
• Using a priority fee
• Using RBF (this can only be set before the transaction is sent, in your case it is not available)
• Using CPFP, here you send the output of the unconfirmed transaction in a new transaction using high fees to cover the new tx and the parent one. A miner would have to confirm both to claim the fees.
Other services do not really work in speeding up a transaction.
LoyceV
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February 03, 2021, 05:57:50 PM
 #3

At 67 sat/byte (108 sat/vbyte), it was probably enough when you created the transaction. But then fees went up, which usually happens if the next block takes a while to be found.
The problem/reason is that fee estimates are based on past transactions, while the required fee depends on future transactions and block times. And because many people use a wallet that automatically adjusts the fee to be included in the next block, fees quickly spiral upwards all the time.
Considering the fee you paid, it'll probably be included when a few blocks are found in quick succession.

Update: I've added your transaction to ViaBTC's Accelerator. As far as I know, that's the only free and working accelerator out there. But ViaBTC doesn't find that many blocks.

WNTD (OP)
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February 03, 2021, 06:02:17 PM
 #4

Thanks for the quick explanation, guys! In such case I will let some time pass and check it later again.

Best wishes!
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February 03, 2021, 07:07:31 PM
 #5

Yes, the feerate isn't necessarily "bad"... just the "timing" of the transaction Undecided

There has been a mini bull run over the last 10 or so hours... and consequently, the network has become really busy again, driving up fees Sad Depending on what happens from here, your transaction will hopefully confirm within the next couple of hours... but, if things continue to heat up and the price keeps climbing... all bets are off! Tongue

https://mempool.space/ gives a relatively nice overview of what is happening... and https://bitcoiner.live/ is another one I came across recently that uses statistical modelling to try and guess the best fee rates... after all, that is what all the fee estimates are... "guesses!" Tongue

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WNTD (OP)
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February 03, 2021, 07:14:20 PM
 #6

The transaction just got confirmed! Smiley I will keep an eye on those sites in the future, thanks!
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February 03, 2021, 07:18:09 PM
 #7

The transaction just got confirmed! Smiley I will keep an eye on those sites in the future, thanks!
The transaction can not be replaced, in case of next time, you can make use of wallets that have replace-by-fee feature, like electrum wallet. In case such transaction is stuck next time, you will be able to use RBF to increase the fee so that it can be taken up by miners early into next block and be confirmed. In the electrum wallet setting, you will have to on the RBF feature.

Your transaction has 3 confirmations already.

LoyceMobile
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February 03, 2021, 07:25:49 PM
 #8

The transaction just got confirmed! Smiley
ViaBTC minded the block!
Good to see their transaction accelerator still works.

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