Bitcoin Forum
May 05, 2024, 11:22:04 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: Have a question about cancel a transaction  (Read 212 times)
EL MOHA
Sr. Member
****
Offline Offline

Activity: 406
Merit: 251



View Profile
December 25, 2023, 10:11:09 PM
 #21

Difficulty adjustment right now isn't that much so if OP can simply put his TXID here, we can see if it's already confirmed or not. And depending on the fees on how low it is because it is also changing from time to time.

I don’t think difficulty adjustment has much of a thing to do about bitcoin congestion. Rather it is to adjust the average time it is expected to get a block confirmed to the default time of 10 minutes. This changes is caused by either a higher hashrate or a lower one. This adjustment helps to keep in check some bitcoin protocols like the halving period which happens every four years. The only thing that actually reduces the congestion on the mempool is when lesser transactions are made.

Also it is not just advisable to OP to just show his TXID everywhere as it can affect its privacy rather he can simply use the block explorer himself to check the status of the transaction

1714908124
Hero Member
*
Offline Offline

Posts: 1714908124

View Profile Personal Message (Offline)

Ignore
1714908124
Reply with quote  #2

1714908124
Report to moderator
1714908124
Hero Member
*
Offline Offline

Posts: 1714908124

View Profile Personal Message (Offline)

Ignore
1714908124
Reply with quote  #2

1714908124
Report to moderator
1714908124
Hero Member
*
Offline Offline

Posts: 1714908124

View Profile Personal Message (Offline)

Ignore
1714908124
Reply with quote  #2

1714908124
Report to moderator
"This isn't the kind of software where we can leave so many unresolved bugs that we need a tracker for them." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
dothebeats
Legendary
*
Offline Offline

Activity: 3640
Merit: 1352


Cashback 15%


View Profile
December 25, 2023, 10:48:01 PM
 #22

That's true, so plan your transactions and pay what's being required and/or use viabtc's help as long as your transaction is suiting the requirement of it for being accelerated.

With this tip, I recommend using ViaBTC's paid service. I tried using their free service once and it takes an awful lot of time to have one free chance to accelerate your transaction. There is Binance's transaction accelerator, too, though they use flat fees most of the time and it's a lot more expensive to use than ViaBTC's service. There used to be tons of free transaction accelerator services out there, but apparently most have disappeared or become paid once the problem with high transaction fees began to linger bitcoin recently.

.
.HUGE.
▄██████████▄▄
▄█████████████████▄
▄█████████████████████▄
▄███████████████████████▄
▄█████████████████████████▄
███████▌██▌▐██▐██▐████▄███
████▐██▐████▌██▌██▌██▌██
█████▀███▀███▀▐██▐██▐█████

▀█████████████████████████▀

▀███████████████████████▀

▀█████████████████████▀

▀█████████████████▀

▀██████████▀▀
█▀▀▀▀











█▄▄▄▄
▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀
.
CASINSPORTSBOOK
▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄
▀▀▀▀█











▄▄▄▄█
xiaolou86 (OP)
Newbie
*
Offline Offline

Activity: 4
Merit: 0


View Profile
December 26, 2023, 02:35:59 AM
 #23


Yes, and that is what is called purging. currently, the value is

https://www.talkimg.com/images/2023/12/25/IsrKP.png

so every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb but nodes use custom mempool size so the transaction will likely stay longer because it stays in some nodes.

So the transaction will be dropped just meet one of the following conditions, is it right?

1. purging: take the above figure as an example, every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb.

2. drop: the default is 14 days which is still subjected to the conditions stated above reply, which depends on node's config.
jrrsparkles
Sr. Member
****
Offline Offline

Activity: 2394
Merit: 253


Eloncoin.org - Mars, here we come!


View Profile
December 26, 2023, 05:20:41 PM
 #24


Yes, and that is what is called purging. currently, the value is



so every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb but nodes use custom mempool size so the transaction will likely stay longer because it stays in some nodes.

So the transaction will be dropped just meet one of the following conditions, is it right?

1. purging: take the above figure as an example, every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb.

2. drop: the default is 14 days which is still subjected to the conditions stated above reply, which depends on node's config.

Yes, nodes have their custom setting, mempool size but nodes will drop the transactions which is unconfirmed for 14 days or above unless it is rebroadcasted or the transaction can be dropped earlier too, if the fee used is far less than the purging rate.









▄▄████████▄▄
▄▄████████████████▄▄
▄██
████████████████████▄
▄███
██████████████████████▄
▄████
███████████████████████▄
███████████████████████▄
█████████████████▄███████
████████████████▄███████▀
██████████▄▄███▄██████▀
████████▄████▄█████▀▀
██████▄██████████▀
███▄▄█████
███████▄
██▄██████████████
░▄██████████████▀
▄█████████████▀
████████████
███████████▀
███████▀▀
Mars,           
here we come!
▄▄███████▄▄
▄███████████████▄
▄███████████████████▄
▄██████████
███████████
▄███████████████████████▄
█████████████████████████
█████████████████████████
█████████████████████████
▀█
██████████████████████▀
▀██
███████████████████▀
▀███████████████████▀
▀█████████
██████▀
▀▀███████▀▀
ElonCoin.org.
████████▄▄███████▄▄
███████▄████████████▌
██████▐██▀███████▀▀██
███████████████████▐█▌
████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄
███▐███▀▄█▄█▀▀█▄█▄▀
███████████████████
█████████████▄████
█████████▀░▄▄▄▄▄
███████▄█▄░▀█▄▄░▀
███▄██▄▀███▄█████▄▀
▄██████▄▀███████▀
████████▄▀████▀
█████▄▄
.
"I could either watch it
happen or be a part of it"

▬▬▬▬▬
Nrcewker
Copper Member
Hero Member
*****
Offline Offline

Activity: 2170
Merit: 536


Building my own Dreams!


View Profile
December 26, 2023, 05:28:28 PM
 #25

hello, I have a question about how to cancel a transaction which already commited to mempool but not confirmed?

if there is no way or tool to cancel a tx, is it need to develop one?

Bitcoin transactions are irreversible. That means once you send it, you can’t reverse it back. Yes what you can do is that, if it hasn’t got any confirmations in blockchain network, then you can use Replace By Fee feature if your wallet supports to increase the fee and speed up the transaction. That’s the only action possible and that too with specific wallets. Otherwise you can try transaction accelerators to accelerate any stuck transactions in the worst case.

.BEST..CHANGE.███████████████
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
██
███████████████
..BUY/ SELL CRYPTO..
Faisal2202
Sr. Member
****
Offline Offline

Activity: 1204
Merit: 466


#SWGT CERTIK Audited


View Profile WWW
December 26, 2023, 05:48:45 PM
 #26

hello, I have a question about how to cancel a transaction which already commited to mempool but not confirmed?

if there is no way or tool to cancel a tx, is it need to develop one?
Yeah, there is no way to cancel the transaction when it is already in a pending state. I was also shocked when I came to know about it, actually, I was making transactions before knowing it, but one day my transition for BTC was taking a long, and for the very first time it took around 3 to 4 hours and I was damn worried about the transaction. Then I did some research and came to know about the transaction's states.

Actually, I was already aware of them but did not come to think of them at that time, well, these states are pending, completed, and Revoked which means, that when you have made the transaction, it goes to the pending state and it can not be canceled and after it will be either completed or revoked if found some error by the miner/validators.

It is the same as a transaction which has some database features. This means a transaction in progress can not be reversed or canceled because it would cause so much trouble like the biggest one is getting scammed or doing scams etc. The result is, cancel feature can't be added (AFAIK).

tabas
Hero Member
*****
Offline Offline

Activity: 2996
Merit: 734


Top Crypto Casino


View Profile
December 26, 2023, 09:19:36 PM
 #27

Difficulty adjustment right now isn't that much so if OP can simply put his TXID here, we can see if it's already confirmed or not. And depending on the fees on how low it is because it is also changing from time to time.

I don’t think difficulty adjustment has much of a thing to do about bitcoin congestion. Rather it is to adjust the average time it is expected to get a block confirmed to the default time of 10 minutes. This changes is caused by either a higher hashrate or a lower one. This adjustment helps to keep in check some bitcoin protocols like the halving period which happens every four years. The only thing that actually reduces the congestion on the mempool is when lesser transactions are made.

Also it is not just advisable to OP to just show his TXID everywhere as it can affect its privacy rather he can simply use the block explorer himself to check the status of the transaction
That's just if he doesn't know how to accelerate it and someone can do it for him but then, I don't disagree with you because you're right that his privacy will be defeated if he shared it to us. I don't have any bad intention with that because we usually see newbies don't know how to accelerate their transactions and aren't aware that they've paid so low fee.

That's true, so plan your transactions and pay what's being required and/or use viabtc's help as long as your transaction is suiting the requirement of it for being accelerated.

With this tip, I recommend using ViaBTC's paid service. I tried using their free service once and it takes an awful lot of time to have one free chance to accelerate your transaction.
I've used it for many instances and it did really helped me the most. But as the fees are adjusting again and they're increasing as per checking it, the free acceleration is always out and that's why if someone like OP or anyone out there wants to use the free one, you'll need to be faster than anyone else before it refreshes to 00:00 time.

There is Binance's transaction accelerator, too, though they use flat fees most of the time and it's a lot more expensive to use than ViaBTC's service. There used to be tons of free transaction accelerator services out there, but apparently most have disappeared or become paid once the problem with high transaction fees began to linger bitcoin recently.
I've used Binance accelerator too and it did helped me as well with my so loooong stucked transaction. It is more expensive but I'd say that it's worth the buck for the delay that it has caused me.

█████████████████████████
████▐██▄█████████████████
████▐██████▄▄▄███████████
████▐████▄█████▄▄████████
████▐█████▀▀▀▀▀███▄██████
████▐███▀████████████████
████▐█████████▄█████▌████
████▐██▌█████▀██████▌████
████▐██████████▀████▌████
█████▀███▄█████▄███▀█████
███████▀█████████▀███████
██████████▀███▀██████████
█████████████████████████
.
BC.GAME
▄▄░░░▄▀▀▄████████
▄▄▄
██████████████
█████░░▄▄▄▄████████
▄▄▄▄▄▄▄▄▄██▄██████▄▄▄▄████
▄███▄█▄▄██████████▄████▄████
███████████████████████████▀███
▀████▄██▄██▄░░░░▄████████████
▀▀▀█████▄▄▄███████████▀██
███████████████████▀██
███████████████████▄██
▄███████████████████▄██
█████████████████████▀██
██████████████████████▄
.
..CASINO....SPORTS....RACING..
█░░░░░░█░░░░░░█
▀███▀░░▀███▀░░▀███▀
▀░▀░░░░▀░▀░░░░▀░▀
░░░░░░░░░░░░
▀██████████
░░░░░███░░░░
░░█░░░███▄█░░░
░░██▌░░███░▀░░██▌
░█░██░░███░░░█░██
░█▀▀▀█▌░███░░█▀▀▀█▌
▄█▄░░░██▄███▄█▄░░▄██▄
▄███▄
░░░░▀██▄▀


▄▄████▄▄
▄███▀▀███▄
██████████
▀███▄░▄██▀
▄▄████▄▄░▀█▀▄██▀▄▄████▄▄
▄███▀▀▀████▄▄██▀▄███▀▀███▄
███████▄▄▀▀████▄▄▀▀███████
▀███▄▄███▀░░░▀▀████▄▄▄███▀
▀▀████▀▀████████▀▀████▀▀
vuittont50
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
December 27, 2023, 08:57:03 AM
 #28


Yes, and that is what is called purging. currently, the value is

https://www.talkimg.com/images/2023/12/25/IsrKP.png

so every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb but nodes use custom mempool size so the transaction will likely stay longer because it stays in some nodes.

So the transaction will be dropped just meet one of the following conditions, is it right?

1. purging: take the above figure as an example, every node that uses the default size of 300MB will drop the transactions that have fees of less than 23.2sat/vb.

2. drop: the default is 14 days which is still subjected to the conditions stated above reply, which depends on node's config.

Good question and conclution. While the transaction may be rebroadcasted by node or some wallets sometimes.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!