uaaeu (OP)
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April 17, 2021, 05:14:56 PM |
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I ve give a tsx order from Electrum with static fee 1 sat/b. after i see the low fee warning i ve rise fee to 70 sat/b static. after 24h its still unconfirmed. what should i do? how many days i need to wait for confirm or cancel?
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HCP
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April 17, 2021, 05:18:29 PM |
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honestly, it's impossible to say for certain... you can get "some" idea by watching websites like https://mempool.space/ and https://jochen-hoenicke.de/queue/#BTC,24h,weight which give an overview of the current network conditions and transaction fees. Unfortunately, the network is very busy right now... so you 70 sats/vbyte is not even half what you need to have a chance of confirmation... 70 sats/vbyte is around 30 blocks from the tip. Assuming no new transactions are added that would take ~300 minutes or 6hrs... however new transactions will be added... so you're in for a long wait
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AB de Royse777
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April 17, 2021, 05:24:53 PM |
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I ve give a tsx order from Electrum with static fee 1 sat/b. after i see the low fee warning i ve rise fee to 70 sat/b static. after 24h its still unconfirmed. what should i do? how many days i need to wait for confirm or cancel?
According to https://jochen-hoenicke.de/queue/#BTC,24h,weight, in the last 24 hours the fees never gone below 175 sat/b. For your Tx to get confirmed it needs 200+ sat/b which is crazy and I do not think I have seen such congestion in mempool before.
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uaaeu (OP)
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April 17, 2021, 05:30:04 PM |
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honestly, it's impossible to say for certain... you can get "some" idea by watching websites like https://mempool.space/ and https://jochen-hoenicke.de/queue/#BTC,24h,weight which give an overview of the current network conditions and transaction fees. Unfortunately, the network is very busy right now... so you 70 sats/vbyte is not even half what you need to have a chance of confirmation... 70 sats/vbyte is around 30 blocks from the tip. Assuming no new transactions are added that would take ~300 minutes or 6hrs... however new transactions will be added... so you're in for a long wait how many days it should be. weeks? months?
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Charles-Tim
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April 17, 2021, 05:32:52 PM |
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how many days it should be. weeks? months?
Mempool will likely be less congested tomorrow. Wait till tomorrow (Sunday), the mempool should be less congested, and likely the transaction will be confirmed.
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o_e_l_e_o
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April 17, 2021, 05:40:30 PM |
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Mempool will likely be less congested tomorrow. Wait till tomorrow (Sunday), the mempool will be less congested, and likely the transaction will be confirmed.
I'm not so sure. I know things usually get better on Sundays, but I don't think we will see the mempool empty down as low as 70 sats/vbyte over this weekend. Hashrate has dropped acutely over the last few days, and we are currently lagging almost 70 blocks behind the 10 minute average for this difficulty epoch. We've only mined a single block in the last 2 hours. Combine this with the price pushing ATHs and the increased transaction volume that this always brings, the mempool is currently filling up more rather than emptying. A few hours ago 70 sats/vbyte was 20 MB from the tip. Now it is 30 MB and climbing. If the hashrate doesn't pick back up and we continue to find blocks ~20% slower than predicted until the next difficulty readjustment, it could take weeks for us to clear down to 70 sats/vbyte. I do not think I have seen such congestion in mempool before.
Last time it was this bad was around the $20k ATH at the end of 2017.
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uaaeu (OP)
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April 17, 2021, 05:46:05 PM |
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i need to wait for a long time than thanks for you all
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Pmalek
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April 17, 2021, 06:35:58 PM |
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Looks like Jochen restarted his node which would explain the sudden drop and empty mempool between 19:00 - 19:30. I don't think we can't trust the site's estimates just yet because it's currently showing 5 vMBs of unconfirmed transactions in the 70 sat range. We are missing 25 vMBs or so from before the reboot.
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stompix
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April 17, 2021, 06:56:13 PM |
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Looks like Jochen restarted his node which would explain the sudden drop and empty mempool between 19:00 - 19:30. I don't think we can't trust the site's estimates just yet because it's currently showing 5 vMBs of unconfirmed transactions in the 70 sat range. Lately, it has become a bit troublesome, he is purging at times transactions with fees lower than x and the graphics are misleading, I've completely switched to mempool.space it's more user-friendly and a bit more reliable. Also, I love the graphic of the size of the incoming transaction, of course, it doesn't help you predict anything more accurate but I prefer the look. I assume it's also easier to understand for newbies, you see 5 blocks waiting, you see the minimum few to get in even if nobody send a new one is 167sat/b, you gave up and enjoy the weekend Mempool will likely be less congested tomorrow. Wait till tomorrow (Sunday), the mempool will be less congested, and likely the transaction will be confirmed.
I'm not so sure. I know things usually get better on Sundays, but I don't think we will see the mempool empty down as low as 70 sats/vbyte over this weekend. It won't unless the mining in China restarts. We've below 30% right now with only 200k transactions in the last 24 hours, unfortunately, this is still less than what we have on a normal weekend so nope, at this pace we won't see even 100sat. The other possibility might be that people would stop sending higher fees and wait but I don't see that happening either, Binance is sending 200sat/b transactions like there is no tomorrow and they're still getting deposits even with those fees. https://blockchair.com/bitcoin/address/1NDyJtNTjmwk5xPNhjgAMu4HDHigtobu1s
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o_e_l_e_o
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April 17, 2021, 07:11:12 PM |
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Lately, it has become a bit troublesome, he is purging at times transactions with fees lower than x and the graphics are misleading Just choose "BTC" instead of "BTC (default mempool)" at the top. It switches to a node which has a much higher max size limit, and so shows all transactions without any being purged. It also did not restart earlier like the default node did, so there is no sudden drop in transactions or wait for them to be re-received. I also like mempool.space for their visual representation of each block, the timing, and the fee range, but their graph just isn't as good. They need to implement a mouse over pop up with exact sizes at each fee band like Jochen's has.
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The Sceptical Chymist
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April 17, 2021, 08:02:06 PM |
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If the hashrate doesn't pick back up and we continue to find blocks ~20% slower than predicted until the next difficulty readjustment, it could take weeks for us to clear down to 70 sats/vbyte.
Ugh....I do hope that doesn't happen. There's some bitcoin I'd like to send relatively soon, and right now the network fees are prohibitive. It's too bad none of those so-called free bitcoin accelerators work. Times like these, I wish some merchants accepted coins other than bitcoin. If I wanted to buy a laptop from Newegg this weekend, for example, there would be absolutely no advantage to use bitcoin. It'd be so much cheaper to use an altcoin like Dash (or take your pick)--or even fiat! So yeah, OP, you're going to have to be very patient or figure out a way to increase your fee if you can. It sucks when bitcoin gets like this, but fortunately it isn't all that often.
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LoyceMobile
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April 17, 2021, 08:14:28 PM |
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It's too bad none of those so-called free bitcoin accelerators work. ViaBTC works, but requires impeccable timing.
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Lucius
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April 18, 2021, 10:32:44 AM |
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i need to wait for a long time than thanks for you all
If you want to place a link to your transaction, we can try to help you with the ViaBTC accelerator, which has been proven to work if the fee criterion is met. In case you do not want to post a link publicly you can send me a link to a private message, and I will be happy to try to help - as Loyce says, the method works, you just need to be very precise in timing.
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Chikito
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April 18, 2021, 11:27:13 AM |
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what should i do?
Have you tried to increase the fee?, electrum has an RBF feature to do that. click unconfirmed tx then increase the fee button
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uaaeu (OP)
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April 18, 2021, 02:04:46 PM |
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now its became LOCAL in my wallet.
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Lucius
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April 18, 2021, 02:23:42 PM |
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now its became LOCAL in my wallet.
What I know in the case that a transaction is labeled Local is that the transaction is not broadcast at all - it means that you prepared the transaction and saved it, but did not actually send it. In the quote part you have a solution to the problem, just note that the fee is quite high at the moment - over 200 sat/vbyte for the next block. Local: A transaction that you created, signed and saved in your wallet file but didn’t broadcast yet. If you wish to broadcast this transaction right click on it and choose details. Then click on broadcast.
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khaled0111
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April 18, 2021, 03:27:10 PM Last edit: April 18, 2021, 03:46:19 PM by khaled0111 |
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What I know in the case that a transaction is labeled Local is that the transaction is not broadcast at all
A local transaction is a transaction that only your wallet can see. It doesn't exist on the mempool. This usually happens when the user clicks on save instead of broadcast or when it's an unconfirmed transaction that has been dropped from the mempool (eg. If you receive a transaction then the sender cancels it, its status will change from unconfirmed to local on your Electrum). @uaaeu, if you are not going to broadcast that local transaction, then you should remove it from your wallet history.
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uaaeu (OP)
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April 18, 2021, 04:24:01 PM |
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What I know in the case that a transaction is labeled Local is that the transaction is not broadcast at all
A local transaction is a transaction that only your wallet can see. It doesn't exist on the mempool. This usually happens when the user clicks on save instead of broadcast or when it's an unconfirmed transaction that has been dropped from the mempool (eg. If you receive a transaction then the sender cancels it, its status will change from unconfirmed to local on your Electrum). @uaaeu, if you are not going to broadcast that local transaction, then you should remove it from your wallet history. i removed it when i see. its removed and my money is back but when i checked it again it turns unconfirmed again why?
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uaaeu (OP)
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April 18, 2021, 04:35:34 PM |
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This transaction could save 47% on fees by upgrading to native SegWit-Bech32 or 35% by upgrading to SegWit-P2SH
is it possible to upgrade for this unconfirmed tsx to segWit-Bech32?
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uaaeu (OP)
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April 18, 2021, 04:49:27 PM |
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lock time: 679494
am i need to wait 679494 blocks if its unconfirmed?
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