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Author Topic: My Bitcoin transaction has been stuck in the mempool for two weeks please help!  (Read 443 times)
lovekills8283
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December 12, 2023, 05:35:51 PM
 #21

my transaction/ Bitcoin reversal via cash app was November 27th  57295b06730415dfcf8935078e964a8495751044e134dacee3aca70a89afe0ac
The fee rate used for this tranaction is very low and that's not even sufficient to be eligible to use ViaBTC free accelerator.

What do you mean by reversal?
Are you saying the transaction has been made by Cashapp?
If you are the receiver and you have full control over the receiving address, the only thing you can do is to use CPFP method.
CPFP means spending the unconfirmed coins in a new transaction with high fee, so that miners include both transactions in the same block.


Edit:
I just checked the transaction history of the receiving address and I doubt you have full control over that.
Where does the receiving address belong to?
cash app rejected my deposit they made me do a reversal they're the ones that sent it after they accepted it from the sender who sent it to me because I spoke with the people who sent it to me and they said that it was in fact received and confirmed so it was sent from cash app from me but cash app refuses to speak with me and closed my case even though they know they're wrong I don't know what to do
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December 12, 2023, 05:43:53 PM
 #22

The last they say is standard which is free and they give estimated time of 24 hours for confirmation.
I think they should stop estimating confirmation times for their customers, it could be misleading for people who do not understand the blockchain and how fee rate works. 'Standard' withdrawal fees in their platform is free and they claim the estimated confirmation time is 24 hours, many people are surely going to take this option with the believe that they can wait for 'just' 24 hours, but then cashapp sends their tx with a very low fee rate and they have to wait forever.

The other two types of 'withdrawal' fees in their platform are:
Quote
Priority - 10 minutes or less: Pro Rata + an additional fee of up to $3
Quote
Rush - 2 hours or less: Pro Rata + an additional fee of up to $2

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lovekills8283
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December 12, 2023, 05:51:51 PM
 #23

The last they say is standard which is free and they give estimated time of 24 hours for confirmation.
I think they should stop estimating confirmation times for their customers, it could be misleading for people who do not understand the blockchain and how fee rate works. 'Standard' withdrawal fees in their platform is free and they claim the estimated confirmation time is 24 hours, many people are surely going to take this option with the believe that they can wait for 'just' 24 hours, but then cashapp sends their tx with a very low fee rate and they have to wait forever.

The other two types of 'withdrawal' fees in their platform are:
Quote
Priority - 10 minutes or less: Pro Rata + an additional fee of up to $3
Quote
Rush - 2 hours or less: Pro Rata + an additional fee of up to $2
they didn't even give me any options when they made me do the reversal for any kind of thing when I did the reversal I just inputed the address and hit the button and then that was it I didn't even get in the options
Zaguru12
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December 12, 2023, 06:05:06 PM
 #24

I think they should stop estimating confirmation times for their customers, it could be misleading for people who do not understand the blockchain and how fee rate works. 'Standard' withdrawal fees in their platform is free and they claim the estimated confirmation time is 24 hours, many people are surely going to take this option with the believe that they can wait for 'just' 24 hours, but then cashapp sends their tx with a very low fee rate and they have to wait forever.

Since they are the holders of the bitcoin I don’t think they can stop the estimation of fees, the thing should be they should just stop estimating fees that way too low like the standard option if they know they aren’t in collaboration with mining pools that will get the transactions confirmed. One thing i also thought off is the fact that most of this users don’t even know the meaning of this confirmation time, and that’s why they go for the free one, someone with its knowledge will know that the congestion of the mempool won’t allow it. They should just remove that free option if they will continue broadcasting the transaction with such low fee

they didn't even give me any options when they made me do the reversal for any kind of thing when I did the reversal I just inputed the address and hit the button and then that was it I didn't even get in the options

Sorry for your inconvenience but it’s part of the reasons why it is advisable to store your coins on self custodial wallets and precisely does that allow fee customization and bumping

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lovekills8283
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December 12, 2023, 08:32:37 PM
 #25

I think they should stop estimating confirmation times for their customers, it could be misleading for people who do not understand the blockchain and how fee rate works. 'Standard' withdrawal fees in their platform is free and they claim the estimated confirmation time is 24 hours, many people are surely going to take this option with the believe that they can wait for 'just' 24 hours, but then cashapp sends their tx with a very low fee rate and they have to wait forever.

Since they are the holders of the bitcoin I don’t think they can stop the estimation of fees, the thing should be they should just stop estimating fees that way too low like the standard option if they know they aren’t in collaboration with mining pools that will get the transactions confirmed. One thing i also thought off is the fact that most of this users don’t even know the meaning of this confirmation time, and that’s why they go for the free one, someone with its knowledge will know that the congestion of the mempool won’t allow it. They should just remove that free option if they will continue broadcasting the transaction with such low fee

they didn't even give me any options when they made me do the reversal for any kind of thing when I did the reversal I just inputed the address and hit the button and then that was it I didn't even get in the options

Sorry for your inconvenience but it’s part of the reasons why it is advisable to store your coins on self custodial wallets and precisely does that allow fee customization and bumping I understand that but I was receiving a deposit just like I have a million times and never have I had a deposit rejected. Cash app is out of control. There was nothing weird or out of sorts they said some kind of security flag in there system and it's bullshit.
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December 13, 2023, 07:29:56 AM
 #26

TX ID.       cca62e5153e7de27861d1524732872aa88402e4c88eb9350471896ed81e70aa4
I'm having the same problem with a rejected cash app bitcoin deposit....PLEASE CAN SOMEONE HELP
nutildah
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December 13, 2023, 08:40:01 AM
 #27

TX ID.       cca62e5153e7de27861d1524732872aa88402e4c88eb9350471896ed81e70aa4
I'm having the same problem with a rejected cash app bitcoin deposit....PLEASE CAN SOMEONE HELP

Sorry, but you also got screwed. The transaction was sent with a fee of 6.58 sat/vByte, which is about 1/5 of what it should be, on the low end. The fee is even too low for a free transaction accelerator to pick it up. There's nothing you can do except for wait for the mempool to clear up substantially (unlikely to happen within the next 10 days) or use some kind of paid acceleration service, which I don't recommend as your tx amount is on the small side.

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Z-tight
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December 14, 2023, 04:08:00 PM
 #28

TX ID.       cca62e5153e7de27861d1524732872aa88402e4c88eb9350471896ed81e70aa4
I'm having the same problem with a rejected cash app bitcoin deposit....PLEASE CAN SOMEONE HELP
Nobody can help you, your tx is going to be stuck in the mempool for a long time. You can't use a free tx accelerator, you can't also use a paid one because the output is just $81, and the service fee for a paid accelerator would even be as much as or more than your output value. The tx is also not opted to rbf, you only have to wait and if i may ask, why are you guys using cash app wallet?

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...BTC...
...TON...
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December 15, 2023, 02:21:01 AM
 #29

Unreal... things are even worse now.





I haven't seen it this bad since the end of 2017. This is the main culprit:



Its interesting that image inscriptions have pretty much died out -- it is not feasible to pay for a transaction with a large size containing the image data nowadays. Its really not feasible to use Bitcoin for anything at the moment. Sucks but true. Reminds me of the Yogi Berra quote: “Nobody goes there anymore. It's too crowded.”

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