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Author Topic: Bitcoin acceleration services - Fee comparison  (Read 481 times)
stompix (OP)
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January 06, 2024, 05:54:28 PM
Last edit: January 07, 2024, 03:14:48 PM by stompix
 #1

With Viabtc reducing slots, one free gateway to get cheaper transactions confirmed is nearly shut so in case fees go up again and you have one for those tx where you can't RBF or CPFP cause it's a tx between custodial wallets one might have to resort to paid accelerators.
Since I've been really lucky and during my 3 minutes check no block was mined to influence heavily the fees I tried to make a quick compare for two small one input one output, transactions so here you go, this is what one can expect for now!

But please note those are fees for next block being at ~40sat/b and the tx at 30sat/b! Tomorrow those might be irrelevant but at least you know the basic pricing.

TX A IS:  Size   ‎346 B/ Virtual size   ‎176.5 vB
TX B IS : Size   ‎294 B/ Virtual size   ‎135 vB
Fixed, thanks hosseinimr93 ! Too much copy paste for the day! Cheesy


Viabtc

TX A:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 177 Bytes = (177 + 0) Bytes
Total fee
0.0025488 BTC ≈ 111.92

Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 135 Bytes = (135 + 0) Bytes
Total fee
0.002052 BTC ≈ 90.07

ANTPOOL

TX A:
Transaction volume:177 vBytes = (177 + 0) vBytes
Payment method:USDT
Acceleration price:22.15 USDT
Payment network:Tron (TRC20)

TX B:
Transaction volume:135 vBytes = (135 + 0) vBytes
Payment method:USDT
Amount to be paid:16.89 USDT
Payment network:Tron (TRC20)

F2pool:

TX A:
Transaction Volume (Current + Previous Unconfirmed)
177 vbytes = (177 + 0) vbytes
0.00141600  BTC ≈  62.36 USDT

TX B:
Transaction Volume (Current + Previous Unconfirmed)
135 vbytes = (135 + 0) vbytes
0.00108000  BTC ≈  47.54 USDT

Binance: (requires a verified KYC account on the exchange)

TX A:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 177 vBytes = (177+0) vBytes
Total Cost  0.00141599 BTC  (62.29)

TX B:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 135 vBytes =(135+0) vBytes
Total Cost  0.00108 BTC (47.51)

Mempool (not operational yet AFAIK)

TX A:
Estimated acceleration cost   51,032 sats $22.45
Maximum acceleration cost   62,000 sats $27.27

TX B:
Estimated acceleration cost   50,669 sats $22.29
Maximum acceleration cost   59,000 sats$ 25.95


What I observed doing those tests:
- Viabtc offers free slots but has the highest paid acceleration fee
- Antpool offers tron payments, which is a bit understandable, if you can't accelerate your BTC tx, how ar you going to pay with BTC?
- Binance is the most annoying one, not only they don't show the charge in $ but also do this

discount, lol, what's this the fireworks isle after 4th of July to offer discounts? Really cheap marketing tactic!
- Antpool is the uncontested winner until mempool will be able to start their service for everyone



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January 06, 2024, 10:40:10 PM
Last edit: January 07, 2024, 07:40:58 AM by logfiles
Merited by stompix (1)
 #2

So it just seems as though Binance pool just happens to have its transaction acceleration fees are close to those of F2pool as possible.  I have a question regarding f2pool. How did you manage to get that much need referral code?


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January 06, 2024, 11:47:58 PM
Merited by stompix (1)
 #3

I'm not that familiar with binance's tx accelerator but it looks like it's being gatekept for the verified users? as I was asked to login to a binance account (same as the exchange) when I tested a transaction.

I think it'd be useful to make a note of this on the first post. Unless the user in question has a working kyc'd account in binance, it's def one of the deal breakers.

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January 07, 2024, 01:33:50 AM
 #4

So it just seems as though Binance pool just happens to have its transaction acceleration fees are close to those of F2pool as possible.

Yeah, probably the same model and the same internal pricing per byte, the slight difference might be just the seconds between my tests interfering with that, the few cents off are obviously because the price as the satoshis are the same.

I have a question. I have a question regarding f2pool. How did you manage to get that much need referral code?

Ok, so you need to be more specific about it, I have been on f2pool for years so I don't know this, do they require a referral code? I opened the page in a clean browser but it seems the registration is free?

I'm not that familiar with binance's tx accelerator but it looks like it's being gatekept for the verified users? as I was asked to login to a binance account (same as the exchange) when I tested a transaction.

Speaking for Binance alone, I though it was like a default thing, no way Binance would forfeit this opportunity to have someone open an account on it it and get his identity, but yeah, I'll update this tomorrow as I need to check what the others require also, I already have accounts on all those mining pools so probably it would be different for a new user.

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January 07, 2024, 07:44:49 AM
Merited by stompix (1)
 #5

I have a question. I have a question regarding f2pool. How did you manage to get that much need referral code?
You don't need to have a referral code for using their transaction accelerator and they allow everyone to use that.
Referral code is required, if you want to use their Push TX service. For pushing a transaction, you should submit the raw transaction in hex and that's a different service.

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January 07, 2024, 07:48:27 AM
 #6

Ok, so you need to be more specific about it, I have been on f2pool for years so I don't know this, do they require a referral code? I opened the page in a clean browser but it seems the registration is free?
I think I now see two different transaction acceleration links

1. https://www.f2pool.com/pushtx
2. https://www.f2pool.com/user/tx-acc

Yeah, I registered an account, but for the first one, just below the box where you enter the signed raw transaction Hex, they require you to enter a referral code. Perhaps because the first one is a free transaction acceleration service?

I am seeing 0 sat/byte transactions getting included in the block confirmed by them

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January 07, 2024, 09:08:15 AM
 #7

Nice thread, It convince me further to enable RBF or at least set relative high TX fee rate.

With Viabtc reducing slots, one free gateway to get cheaper transactions confirmed is nearly shut so in case fees go up again and you have one for those tx where you can't RBF or CPFP cause it's a tx between custodial wallets one might have to resort to paid accelerators.

FWIW if you use wallet with full RBF support, you can avoid paid accelerators. And if you're advance user, you can create raw TX with conflicting UTXO with higher fee and broadcast it to other node/explorer which support full RBF.

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January 07, 2024, 03:13:43 PM
Merited by logfiles (1)
 #8

Yeah, I registered an account, but for the first one, just below the box where you enter the signed raw transaction Hex, they require you to enter a referral code. Perhaps because the first one is a free transaction acceleration service?

Never used it and it's the first time I clicked it, if it's labeled as push it should only do that, broadcasting the tx not a free acceleration service.
But the referral thing is weird, I'll ask around to see if someone mining there has one!

I am seeing 0 sat/byte transactions getting included in the block confirmed by them

I don't know about that address in particular but things like this zero sat/byte one:
https://mempool.space/tx/dc4c8fef2a4500ea582aeb692542548f2f23205662ee87d5a16c83d41dcf3f4a
is f2pool paying out miners.

FWIW if you use wallet with full RBF support, you can avoid paid accelerators. And if you're advance user, you can create raw TX with conflicting UTXO with higher fee and broadcast it to other node/explorer which support full RBF.

Bruhhhhh!!!!! Who the hell are you?  Grin Grin Grin Why the rebranding?
You dropped the ETF right now when everyone thinks one will get accepted? Some really bearish signs!

Anyhow, yeah, as long as you have some control you can still avoid paid accelerators, I would only use them if I do a transactions between to exchanges or some gambling site and the sender is an asshole and makes the tx with a fee that will never gets accepted, but even then I would till consider not doing a thing if he sends that with 10 inputs 100 outputs and 5sat/vb, I would rather let it drop than pay to accelerate something like that myself.

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January 07, 2024, 09:36:01 PM
 #9

Never used it and it's the first time I clicked it, if it's labeled as push it should only do that, broadcasting the tx not a free acceleration service.
But the referral thing is weird, I'll ask around to see if someone mining there has one!
Requiring a referral code to just broadcast a transaction would completely make no sense, especially when there are other tools that can be used to do the same thing as well.

I don't know about that address in particular but things like this zero sat/byte one:
https://mempool.space/tx/dc4c8fef2a4500ea582aeb692542548f2f23205662ee87d5a16c83d41dcf3f4a
is f2pool paying out miners.
I picked that transaction from the list of their recently pushed transactions, there are other confirmed transactions in there which were at a lower fee rate compared to the optimal fee rate at that time like this one got confirmed 2 days ago and was at 3 sats/vbyte (https://mempool.space/tx/dc745e5838396e77c08dbaa3741c7abb7b03197106c8ad60376d01498048aebd)
So if it was just broadcasting, they shouldn't have been confirmed up to now.

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January 07, 2024, 11:34:54 PM
 #10

Requiring a referral code to just broadcast a transaction would completely make no sense, especially when there are other tools that can be used to do the same thing as well.
There's a big difference between F2Pool push transaction service and other tools that can be used for broadcasting transactions.
Anyone who has a referral code can send a non-standard transaction directly to F2Pool, so that they include it in the blockchain.

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January 07, 2024, 11:57:42 PM
 #11

There's a big difference between F2Pool push transaction service and other tools that can be used for broadcasting transactions.
Anyone who has a referral code can send a non-standard transaction directly to F2Pool, so that they include it in the blockchain.
I haven't suggested it's a broadcasting service. My observation tells me it's a transaction accelerator. Probably a free one and just has a separate link from the paid one that most people know. I don't see how both are different services as you suggested earlier on, except that one is paid, and the other requires a referral code to have the TX pushed.

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January 08, 2024, 09:25:29 AM
 #12

I haven't suggested it's a broadcasting service. My observation tells me it's a transaction accelerator.
Their push transaction service can surely act as a transaction accelerator, but that's not only a transaction accelerator.


Probably a free one and just has a separate link from the paid one that most people know.
I don't know whether their push transaction service is free or not.
They require users to enter a referral code because they don't want everyone to be able to use that service and I think that's because they allow submitting non-standard transactions.


I don't see how both are different services as you suggested earlier on, except that one is paid, and the other requires a referral code to have the TX pushed.
Here are the differences.

  • In their transaction accelerator, you should submit your transaction ID and therefore, your transaction should have been broadcasted before using other tools and they should have your transaction in their mempool. In their push transaction service, you should submit the raw transaction in hex and you send your transaction directly to F2Pool.

  • In their transaction accelerator, you can't submit a non-standard transaction, but in their push transaction service, you can submit even a non-standard transaction.

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January 09, 2024, 10:32:34 AM
 #13

Guys are not even replying towards what I see here, and one thing peculiar to all these acceleration services is that they are merely ripping people off their money, the monopolistic system of Bitcoin in favour of the miners is too much and gives room to such. No wonder they will never pray for the network to be at peace so that they can only honour the high fees and make life miserable for Bitcoin users, especially those whose transactions are stuck and who still would want to use the accelerator service but will be discouraged by even a higher fee. This is madness if people are not so concerned about it.

This is entirely a business for them, they don't care about anybody or the network, a system of win-win deal for these guys in a situation where there is no good option which makes it so annoying. Nowhere to run to by common guys who are not rich but I don't think this is what Satoshi wanted for the network/system. They've taken hold of this system back to back, milking deeply. It is so sad.

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January 09, 2024, 10:57:53 AM
 #14

No wonder they will never pray for the network to be at peace so that they can only honour the high fees and make life miserable for Bitcoin users, especially those whose transactions are stuck and who still would want to use the accelerator service but will be discouraged by even a higher fee. This is madness if people are not so concerned about it.
Complain about the people making ordinals transactions and causing congestion in the network, miners are offering a service to the BTC community and they have to be paid for it. They mined tx's when the fee rate was ~ 1-2 sats/vByte, and you can't complain now that fee rate has gone high, which by the way is no fault of miners.
This is entirely a business for them, they don't care about anybody or the network, a system of win-win deal for these guys in a situation where there is no good option which makes it so annoying. Nowhere to run to by common guys who are not rich but I don't think this is what Satoshi wanted for the network/system. They've taken hold of this system back to back, milking deeply. It is so sad.
Mining is a business, miners buy gears, pay for electricity and maintenance, all of these cost money. It is worth mentioning that miners do not fix the fee rate in the network, so i am shocked how people try to blame miners. Satoshi wanted a free network and that's what we have, anyone can buy gears and become a miner, anyone can also attach any amount they want to their tx, but if others outbid you, then you have to wait.

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January 10, 2024, 11:14:14 PM
 #15

I have experienced using Binance acceleration with one of my transaction that has stucked for a long time, I have to do it since I just wanna try it out and it charged me like $20 for the acceleration. The website is directing people to their telegram contact and that's how I contacted them and gave my TXID and it has estimated how much I need. I just obliged since I've been waiting for that transaction to get confirmed for a very long time, you won't believe it because I made a mistake for broadcasting it until it didn't hit the fee that I've set. I'm not sure if I'll use them but did helped me though.

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January 11, 2024, 08:45:08 AM
Merited by EarnOnVictor (1)
 #16

Guys are not even replying towards what I see here, and one thing peculiar to all these acceleration services is that they are merely ripping people off their money, the monopolistic system of Bitcoin in favour of the miners is too much and gives room to such.

I can't wait till there will be no block reward and nobody wiling to pay fees in a protest to these evil miners!
Love how everyone wants cheap fees, fast transactions, security against an attack, whole decentralization, but at the end of the wishlist it's still willing to pay one cent and not a penny more.  Btc() com lost 2.6 million last year, riot went into bankrupcy protection, nobody cared, but god forbid they would make money out of this after putting in million.

This is entirely a business for them, they don't care about anybody or the network, a system of win-win deal for these guys in a situation where there is no good option which makes it so annoying.

Well everyone is free to mine without making it a business.
So the community will simply need to buy either the business of those mining farms or build their own by ..investing $9 billion in 3 million S21 and some 9GW, then the chain will run on something that is not a business consuming unicorn farts as it's mining blocks!

I have experienced using Binance acceleration with one of my transaction that has stucked for a long time, I have to do it since I just wanna try it out and it charged me like $20 for the acceleration. The website is directing people to their telegram contact and that's how I contacted them and gave my TXID and it has estimated how much I need.

For real? It's not fully automated?


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January 11, 2024, 11:09:56 AM
Merited by stompix (2)
 #17

I have experienced using Binance acceleration with one of my transaction that has stucked for a long time, I have to do it since I just wanna try it out and it charged me like $20 for the acceleration. The website is directing people to their telegram contact and that's how I contacted them and gave my TXID and it has estimated how much I need.

For real? It's not fully automated?
Before it wasn't like that image that you've posted when you just have to paste the TXID and it will calculate the fee. I didn't see that process several months ago so maybe it was already updated or I just can't vividly remember if it was there.

But this was the process that I was able to encounter when I've used them, it was manual. I've messaged on that telegram account based on the instruction they have for mining/acceleration and they were the one to estimate how much I'll pay as they replied back.

Step 4: Users who are agreeable to paying the estimated cost can then proceed to speed up the confirmation of the transaction at the Bitcoin network by reaching out to their respective Binance Pool Business Development managers if they are a VIP 1-9 user, or contacting the Binance Pool team via Telegram (@BinancePoolAccelerator) if they are a regular user.

I can't find the message or the conversation that we've got on Telegram, maybe they have deleted or cleared the history already. There are the other steps from step 1-4, my memory isn't so good nowadays but prolly I just shortcut and jumped to step 4 but it did worked.

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January 11, 2024, 04:19:56 PM
 #18

- Binance is the most annoying one, not only they don't show the charge in $ but also do this

discount, lol, what's this the fireworks isle after 4th of July to offer discounts? Really cheap marketing tactic!
Cheap marketing? Huh. I assume, highest percentage of smart people make RBF-enabled transactions, so, there you have a majority of people who have no idea about RBF and correct transaction fees. This marketing is aimed towards those people to give them a false sense of discount and motivate them to accelerate transaction on Binance immediately.

I remember, Binance had a different payrate for VIP members according to their VIP level but I checked it right now and there seems to be only one rate for everyone.


Not related to this but how is that some transactions are full-RBF enabled while actually sending from a non-rbf enabled wallet?

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January 11, 2024, 11:25:37 PM
 #19

I used to just rely in ViaBTC's free accelerator for some of my transactions just a few weeks back. It's a shame that they feel the need to reduce the slots in the free service and move forward with their paid accelerators.. Oh well, they have the machines anyway.

I currently rely on Samourai Wallet's RBF feature. So far I don't feel the need to use it, because I've been overpaying my transactions ($7.54 from a transaction 3 days ago) just to make sure it gets confirmed and not lost on limbo. Binance's accelerator is good, too, but like what other users have mentioned, the requirement to have a KYC'd account with them might deter other people from utilizing the said service.

Antpool it is, for the meantime. There is also BitAccelerate for those who wants to take a shot in using a free accelerator service. Though with my experience on this service, they aren't as quick as ViaBTC or Antpool's.

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January 12, 2024, 08:31:26 AM
Merited by stompix (2)
 #20

Not related to this but how is that some transactions are full-RBF enabled while actually sending from a non-rbf enabled wallet?
Full RBF is a setting for nodes. If a node has enabled full RBF, it treats all transactions as RBF-enabled and accept the replacement transaction, even if the original transaction has not flagged as RBF.
If you have a non-RBF transaction and you want to replace that with a new transaction, you should broadcast your transaction from a node that has enabled full RBF.


There is also BitAccelerate for those who wants to take a shot in using a free accelerator service. Though with my experience on this service, they aren't as quick as ViaBTC or Antpool's.
Bitaccelerate don't accelerate your transaction at all. They only rebroadcast your transaction and that's different from accelerating.

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