Viabtc help

[Snowblind551]

This transaction is paying 9.253 sat/B which is less than the minimum fee rate Viabtc free accelerator requires (10 sat/B).
The transaction is non rbf and doesn't have a change address. Therefore, even the sender can't help here. This leaves you with no other option but to wait for it till it gets confirmed or to be removed from the mempool.

But I can use the paid version of viabet right?

[HCP]

But I can use the paid version of viabet right?

Correct... I just logged in and it is currently quoting the following amounts to accelerate 644417ca91a9c16e1cb11ec0ed5a0928e203119d4f1bc00a93eb7da3ece1feb3:

0.0045472 BTC ≈ 228.90
0.2915 BCH ≈ 228.90
0.8557 LTC ≈ 228.90

You would need to create an account, enter your TXID, then click the "Paid Service" button and it will give you the amount required then. There is a "deposit" button on the quote window that will let you deposit the appropriate amount into your ViaBTC account... and then you would be able to pay for the acceleration service.

[BitMaxz]

644417ca91a9c16e1cb11ec0ed5a0928e203119d4f1bc00a93eb7da3ece1feb3


Above is the TX

I have tried it for free and get *Fee is to low*

This transaction is around 9sat/byte like the above said there is no way to accelerate it using the free service on ViaBTC and the bad thing is you are using Coinbase wallet. We can't do anything that can help to bump the fee except for paid service or look for someone who mines in F2pool with a referral code because they have access to use their own free accelerator from here https://www.f2pool.com/pushtx

Let me try to rebroadcast your transaction to give a signal to mempool. Let us hope that it will confirm within few hours but if not then you only have 3 options: to wait more days, use ViaBTC paid service, or look to someone who mines on F2pool.

Anyway, done rebroadcasting them to some sites listed from here https://en.bitcoin.it/wiki/Transaction_broadcasting wait for a couple of hours and let's see if it will work.

[o_e_l_e_o]

they have access to use their own free accelerator from here https://www.f2pool.com/pushtx
...
Anyway, done rebroadcasting them to some sites listed from here https://en.bitcoin.it/wiki/Transaction_broadcasting wait for a couple of hours and let's see if it will work.

It won't. These sites do not accelerate transactions; they simply rebroadcast them. If OP's transaction had been dropped by some nodes, but now the mempool had cleared out enough that there was a chance of it confirming, then rebroadcasting it would put it back in the mempool of the nodes it was dropped from and therefore more likely to be seen and included by a miner.

However, OP's transaction at 16.6 sats/vbyte is well above the current lower limit for transactions being purged and his transaction is not being dropped, so rebroadcasting it achieves nothing. If anything, rebroadcasting in a situation like this can be more harmful and than useful, since it can delay the 14 day limit for the transaction to be dropped by most nodes so the sender of the coins can try again with a more appropriate fee.

[Snowblind551]

So Pushtx.com by Poolin is legit then?   If so thats the option I will take.I

[BitMaxz]

So Pushtx.com by Poolin is legit then?   If so thats the option I will take.I

Yes, it's a legit site it's a Poolin accelerator service.

If it asks for a lesser fee than ViaBTC then you can try their service. Never tested them but since they are pool operator they don't risk their reputation for the small fee.

[jerry0]

If im reading that correctly, you need to pay few hundred dollars to accelerate it because you sent with too little of a fee?

[magneto]

Hello.

I need to get a transaction accelerated as it has almost been 7 days since it was sent to me

The fees where extremely low so I am unable to use Viabtc free acceleration.

coinbase wallet so cannot use CPFP

Is the paid version legit?

Or a scam like the majority

ViaBTC is legit and if you use their paid service you pretty much will get your transaction confirmed in the next block they mine (barring circumstances where there's just a significant amount of transactions in the mempool).

However, they are quite expensive and AFAIK they only accept BCH which is a real downside.

If im reading that correctly, you need to pay few hundred dollars to accelerate it because you sent with too little of a fee?

Not really. Waiting for a confirmation is always an option, or RBF/CPFP. Although the situation is a bit more convoluted here given that OP used a custodial wallet in coinbase which he can't actually get the private keys of.

OP seems to have his problem solved. I wonder if he actually went for the paid service given that his fee was way too low for the free service.

[Lucius]

However, they are quite expensive and AFAIK they only accept BCH which is a real downside.

I was convinced of the same until I checked with their customer support, so I can confirm that with the coin you mentioned there is still the possibility of a deposit in LTC. Yet their paid service is quite expensive, and only makes sense if someone has sent a really large value with a fee that does not allow confirmation within a reasonable time (of course without the possibility for RBF and CPFP).

OP seems to have his problem solved. I wonder if he actually went for the paid service given that his fee was way too low for the free service.

His problem was solved in the normal way, because the fee was 9.253 sat/B, which is visible from previous posts - and currently it is enough to pay half of it for quick confirmation (1-2 blocks).

[HCP]

However, they are quite expensive and AFAIK they only accept BCH which is a real downside.

Nope... while it defaults to BCH, they actually accept BTC, BCH and/or LTC

[Quickseller]

25% seems about right.   Total sent to me is 855 and its 221 or accelerate.    Not in contact with sender.   So its pay or wait longer

But I can use the paid version of viabet right?

Correct... I just logged in and it is currently quoting the following amounts to accelerate 644417ca91a9c16e1cb11ec0ed5a0928e203119d4f1bc00a93eb7da3ece1feb3:

0.0045472 BTC ≈ 228.90
0.2915 BCH ≈ 228.90
0.8557 LTC ≈ 228.90

You need to pay 25% of the sum of the outputs when using Viabtc's paid service? That must explain why they continue offering their free service, even when the mempool status requires very high fees. I am sure they probably make a lot of money from this.

I am surprised that more major pools don't offer similar services.

[HCP]

I am surprised that more major pools don't offer similar services.

I would suspect that:
1. It takes a bit of effort to implement
2. In general, people with stuck transactions are like that because they don't want to pay high fees, so aren't likely to part with large sums of cash to push a transaction through.
3. If you had that sort of money to spend on getting a transaction sent, you'd just pay a high fee to start with

So, personally, I don't think it would be much of a money maker at all... sure, you'd get the odd customer here and there... but making ~$300 on an accelerated transaction when you get US$350K+ per block is nothing... I'm not sure the ROI on trying to implement the payment/queueing system and messing with the pools mempool/transaction selection algorithm is really worth it.

[Lucius]

Nope... while it defaults to BCH, they actually accept BTC, BCH and/or LTC

I contacted them last month regarding their paid service and received a response from their customer support that for a paid transaction accelerator only BCH and LTC are supported as payment methods. Customer support may have incorrect information as your ss also shows the availability of a BTC deposit - but it is also possible that this deposit cannot be used for accelerator.

[Quickseller]

I am surprised that more major pools don't offer similar services.

I would suspect that:
1. It takes a bit of effort to implement
2. In general, people with stuck transactions are like that because they don't want to pay high fees, so aren't likely to part with large sums of cash to push a transaction through.
3. If you had that sort of money to spend on getting a transaction sent, you'd just pay a high fee to start with

So, personally, I don't think it would be much of a money maker at all... sure, you'd get the odd customer here and there... but making ~$300 on an accelerated transaction when you get US$350K+ per block is nothing... I'm not sure the ROI on trying to implement the payment/queueing system and messing with the pools mempool/transaction selection algorithm is really worth it.

I don't think it would be difficult to implement. I believe many pools give priority to their own transactions, and it should not be difficult to add additional transactions to this priority.

The Viabtc accelerator IMO is marketed to users who are not technically savvy. If they cannot figure out how to double spend their transaction, they will never have a way to ever spend their inputs "stuck" in unconfirmed transactions. (this part could be solved by modifying the nLockTime feature to allow for a maximum block number that a transaction will be valid for, as opposed to a minimum block number).

There are usually over 2,000 transactions in each block. Charging $300 to confirm 1,000 transactions in a found block could nearly double pool revenue based on your example of $350k revenue per block, and charging $300 per transaction.

[HCP]

There are usually over 2,000 transactions in each block. Charging $300 to confirm 1,000 transactions in a found block could nearly double pool revenue based on your example of $350k revenue per block, and charging $300 per transaction.

... assuming you can even find 1000 users willing to accelerate their transactions for $300... when most of the "stuck" transactions are likely for amounts less than that and/or the reason they're stuck is because the users don't want to pay large fees and/or are happy to wait.

Certainly, the number of users with "stuck" transactions due to mistake or misunderstanding or exchange/webservice sending with low fee seems to be in a minority... and I would wager is not 1000 users per block.

Of course this is all guesswork... maybe there are 1000 users every 10 minutes who would be willing to spend $300 to get a transaction confirmed ASAP... but, personally, I would think they would have just used a decent fee to start with. ¯\_(ツ)_/¯

[Quickseller]

There are usually over 2,000 transactions in each block. Charging $300 to confirm 1,000 transactions in a found block could nearly double pool revenue based on your example of $350k revenue per block, and charging $300 per transaction.

... assuming you can even find 1000 users willing to accelerate their transactions for $300... when most of the "stuck" transactions are likely for amounts less than that and/or the reason they're stuck is because the users don't want to pay large fees and/or are happy to wait.

Certainly, the number of users with "stuck" transactions due to mistake or misunderstanding or exchange/webservice sending with low fee seems to be in a minority... and I would wager is not 1000 users per block.

Well the viabtc free accelerator has a limit of 100 per hour, and it usually fills up very quickly.

I have received payment to accelerate transactions in the past, and although I didn't charge as a percentage of the outputs, the amounts involved were generally not trivial, and most people were willing to pay whatever it would take ahead of time. I would generally charge in the range of what it would take to get included in the next block.

Although pools may not find enough customers to fill up their blocks, but it would be worth it to implement.