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Author Topic: Private increase of Bitcoin mass transaction  (Read 119 times)
Onyeeze (OP)
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March 11, 2023, 02:09:57 AM
 #1

I'm sorry of this question, can we have a private means of making Bitcoin which is already sent to your wallet and it happened to have a delay of confirmation, or to be  bconfirm with your own source except the senders adding More of charges. A friend of mine told me that Bitcoin has been sent to her wallet and since two today it fails to confirm, so can she make it to be confirm faster with application??

DaveF
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March 11, 2023, 02:47:14 AM
Merited by LoyceV (2), hosseinimr93 (1)
 #2

Its called child pays for parent.
https://bitcoinops.org/en/topics/cpfp/
You send a transaction that has a high enough fee to cover itself and the original.
What is the txid of the transaction that is waiting to be confirmed?

-Dave

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nc50lc
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March 11, 2023, 06:02:10 AM
Merited by LoyceV (2)
 #3

-snip- A friend of mine told me that Bitcoin has been sent to her wallet and since two today it fails to confirm, so can she make it to be confirm faster with application??
It depends if the wallet supports CPFP (child-pays-for-parent)
Because if not, you'll have to find a way to spend the specific unconfirmed output and manually compute the necessary fee rate to bump the parent transaction.
So, what wallet is it?

Also, the transaction may have unconfirmed parent(s) with 'high size-low fee' as well that could render your CPFP attempt ineffective.
So knowing the txid can help us determine your chances and possible recommended additional fee.

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hugeblack
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March 11, 2023, 02:16:51 PM
 #4

Do you trust the other party that sent those currencies, or is it an unknown person from the Internet? If it was an unknown person, consider that you did not receive the money unless you get one confirmation.
If you trust him, the sender can do Replace-By-Fee, which means resend the transaction, but with a higher fee, or you can do CPFP, which are well explained here -----> https://bitcointalk.org/index.php?topic=1802212.0

The easiest way is to ask the sender to do RBF (if you trust him and if his wallet is Electrum or any wallet that supports RBF)

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Onyeeze (OP)
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March 11, 2023, 05:11:13 PM
 #5

Do you trust the other party that sent those currencies, or is it an unknown person from the Internet? If it was an unknown person, consider that you did not receive the money unless you get one confirmation.
If you trust him, the sender can do Replace-By-Fee, which means resend the transaction, but with a higher fee, or you can do CPFP, which are well explained here -----> https://bitcointalk.org/index.php?topic=1802212.0

The easiest way is to ask the sender to do RBF (if you trust him and if his wallet is Electrum or any wallet that supports RBF)
Do you mean that other wallets is not supportive if the sender want to add more fees it most be electrum wallet, i need more clarification in this point.

DaveF
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March 11, 2023, 06:36:58 PM
 #6

Do you trust the other party that sent those currencies, or is it an unknown person from the Internet? If it was an unknown person, consider that you did not receive the money unless you get one confirmation.
If you trust him, the sender can do Replace-By-Fee, which means resend the transaction, but with a higher fee, or you can do CPFP, which are well explained here -----> https://bitcointalk.org/index.php?topic=1802212.0

The easiest way is to ask the sender to do RBF (if you trust him and if his wallet is Electrum or any wallet that supports RBF)
Do you mean that other wallets is not supportive if the sender want to add more fees it most be electrum wallet, i need more clarification in this point.

No, many (most?) wallets support it. However there are a few that do not. Electrum does. Core does. What wallet is it that your friend is using?

You still did not answer the question of what is the TXID. With that we can probably give you an estimate on what fee would have to be used to send the TX. Keep in mind the mempool is filled with a bunch of low fee TXs at the moment so it should not be that much (probably under 20 sat/vb) but without more information it all a guess.

-Dave

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BlackHatCoiner
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March 11, 2023, 06:38:58 PM
 #7

What's the "private means" you're talking about? If you want to increase the fee, you just do it privately, yeah, but it is publicly known once you broadcast. There is no way to bump a transaction, unless you pay more in fees.

Do you mean that other wallets is not supportive if the sender want to add more fees it most be electrum wallet, i need more clarification in this point.
There are other wallet software with the option to replace-by-fee, like Bitcoin Core, Sparrow and Mycelium.

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