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Author Topic: Low fee causing unconfirmed transaction  (Read 418 times)
Timelord2067
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February 22, 2021, 05:47:41 AM
 #21

Thank you. I did not know about the acceleration with raw transaction. In your topic you added links to many coins and not only bitcoin. Amazing.

Do all those tools can give free acceleration?

All bar one of them are free, I have no evidence the one that charges doesn't actually do what it claims to.  I really need to clean up the listings in the first post especially seperating broadcasters from accelerators.

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LordMiguel
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February 24, 2021, 12:34:26 AM
 #22

honestly, i am not that conversant with bitcoin transaction and i always made sure that i set a high fees to avoid unnecessary delays. the bitcoin network suffers the same issue with high transaction just like the current issue with eth.

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February 24, 2021, 02:20:46 AM
 #23

I mean your transaction might get confirmation next 2 weeks (in the weekend with your fee 3 satoshi per byte) or will be dropped from mempool (expired) next 7 days. Your transaction was in the mempool 7 days ago, and 7 more days will be the minimum time to wait for its expiration from mempool.
https://jochen-hoenicke.de/queue/#1,1w

It's been stuck for 21 days now, I think it's pretty much lost forever.
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February 24, 2021, 09:56:55 AM
Merited by DdmrDdmr (1)
 #24

It's been stuck for 21 days now, I think it's pretty much lost forever.
Bitcoins don't get "lost" this way, they stay in your original wallet until the transaction confirms.

Fees are still high, as long as your wallet keeps broadcasting the transaction, it doesn't drop from mempool.
You've been offered several solutions, if you have the receiving address in Electrum, all you have to do is making a new transaction to your own address with a high fee.

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cheezcarls
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February 28, 2021, 12:00:54 PM
 #25

Transactions are irreversible. It’s just stuck on the blockchain, and it’s highly expected that low transaction fees are the cause of the delay for it to be fully confirmed. I have done that before on a low transaction, and it took me a long while to make it confirmed until someone suggested for me to use a Bitcoin TX accelerator. That would solve the problem, but only a limited number of users can use it every hour.
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February 28, 2021, 02:14:49 PM
 #26

It's been stuck for 21 days now, I think it's pretty much lost forever.
I'm still surprised your transaction is taking much time to confirm since 17 Feb you created the thread, the problem is your old BIP32 seed phrases that's impossible to export to electrum to perform fee bumping. Two weekends already passed and trx still not confirmed, have you tried submitting your trx id to free accelerators on the forum at service board?
https://bitcointalk.org/index.php?topic=5157164.160
https://bitcointalk.org/index.php?topic=2555201.0

They may help you out but your chance of been helped will be low because the fee you used is too low.
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February 28, 2021, 04:33:59 PM
 #27

Transactions are irreversible. It’s just stuck on the blockchain, and it’s highly expected that low transaction fees are the cause of the delay for it to be fully confirmed. I have done that before on a low transaction, and it took me a long while to make it confirmed until someone suggested for me to use a Bitcoin TX accelerator. That would solve the problem, but only a limited number of users can use it every hour.
That's why in every moment that you are trying to make transactions on Bitcoin, I suggest always check these sites first before deciding to transfer your Bitcoin to another wallet. (Mempool and Johoe's Bitcoin Mempool Statistics ).  To know what exactly the required amount by the network needed if you're in hurry and I don't think this TX accelerator will help much more seems they already rebroadcast your transaction, I much prefer to use (RBF) Replace-by-fee for the stuck transaction due to causing a low fee.

But I rarely heard that about transactions get rejected by mempool by low fees, it will always be confirmed but it takes a couple of days or weeks.

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February 28, 2021, 04:40:01 PM
 #28

<...>
The TX has been confirmed though. It has currently got 583 confirmations, which means that it was first confirmed about 4 days ago (mined on block 672004, on the 2021-02-24 17:08).

The mempool at the time was still seemingly pretty packed (see https://jochen-hoenicke.de/queue/#BTC,1w), so it seems to have been pretty fortunate (bearing in mind that RBF was not an option).
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February 28, 2021, 06:58:23 PM
 #29

I don't think this TX accelerator will help much more seems they already rebroadcast your transaction
Tx accelerators do not rebroadcast your transaction to other nodes. They are owned by mining pools and if you are lucky enough and they accept to accelerate your transaction, they will include it in the block they are trying to solve regardless of the fee you paid.

Quote
But I rarely heard that about transactions get rejected by mempool by low fees, it will always be confirmed but it takes a couple of days or weeks.
If a transaction remain too long in the mempool and don't get confirmed, it will be dropped (after 14 days/default setting). Also, if the mempool become too congested, nodes will start dropping low-fees transactions.

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