New Transaction Accelerator!

[hi@spiderpool]

Hi we're Spiderpool and we just released our own Txn Accelerator

Do give us a try and let us know what you think! We probably have one of the lowest fees in the market currently, probably tied with Antpool.

If anyone is interested in free accelerations do let us know!

Here are our official links!
Twitter - https://twitter.com/SpiderPool_com
Official Website - https://www.spiderpool.com/
Txn Accelerator Link - https://www.spiderpool.com/txAccelerate
Linktree to our TG+Email - https://linktr.ee/spiderpool_com

[NotATether]

You did not post the link to your TX acceleration website. Does it exist, or do you handle tx acceleration requests on-forum?

[Synchronice]

Hi we're Spiderpool and we just released our own Txn Accelerator [title was misspelt in hopes of clickbait]

Do give us a try and let us know what you think! We probably have one of the lowest fees in the market currently, probably tied with Antpool.

If anyone is interested in free accelerations do let us know!

Wow, is this an official account? Any proof? Can you sign a message from any of these addresses?
125m2H43pwKpSZjLhMQHneuTwTJN5qRyYu
38u1srayb1oybVB43UWKBJsrwJbdHGtPx2
1BM1sAcrfV6d4zPKytzziu4McLQDsFC2Qc

Okay, now I checked your website: https://www.spiderpool.com/txAccelerate | I want to put the transaction and calculate the price for acceleration but it immediately forces me to register. I think it will be good if you let us calculate the transaction acceleration fees without a registration, only ask us for registration if we want to actually use the acceleration fee and pay for it. It will be good if you offer it without a registration but anyway, I think it's not a good idea to force user immediately for registration before they know how much it costs to use your service.

@NotATether
Here it is:

Website: https://www.spiderpool.com
Accelerator: https://www.spiderpool.com/txAccelerate
Twitter: https://twitter.com/SpiderPool_com

[Charles-Tim]

Spiderpool mined block 843314. Presently i n block 843414 mined by F2Pool. That is 100 blocks away. Let us hope the mining pool hash rate will increase which should be the reason someone should use it. I do not like third parties to be involved but it could be true that other mining pools will be given the txids for acceleration also.

Let us know your website, for us to know if it is truly Spiderpool or not.

[ABCbits]

Looking at link mentioned by @Synchronice and data on https://mempool.space/graphs/mining/pools#1m, i have few thoughts.

• You only mined 98 blocks in last month, which question effectiveness of your service. I don't think there are many people want wait few hours to few days before your pool mined a block.
• While ETH now have lower average TX fee, i doubt it's wise idea to only accept USDT (on ETH network).

[Z-tight]

If anyone is interested in free accelerations do let us know!

Do you guys have plans to add a free acceleration service, something like what ViaBTC is doing, were they offer 20 free accelerations per hour and also have their own paid acceleration service. If that is what you mean here, then it could attract more people to your service.

Just like other members have asked, since you do not have enough hashrate right now and do not mine as many blocks, do you partner or cooperate with other mining pools? People would not want to pay you money and have to wait for a very long time for their tx to be accelerated when there are other pools with a bigger hashrate that offers the same service, except yours is very, very cheap.

[Aanuoluwatofunmi]

Welcome to the forum, i know that there are many bitcoin transaction accelerating services on the net and we need to make use of the ones we are more reliable on, honestly after seen your thread, what comes my mind was if this is going to be a free one or not, but the amin expectations should not be on that, instead on the level of how reliable the service you offered works for its purpose, you can wish to promote your service as well if you don't mind through a signatory campaign, get yourself a copper membership and be fully involved in the business you're into and see if you will achieve result or not within a particular time frame, welcome to the forum.

[khaled0111]

Just like other members have asked, since you do not have enough hashrate right now and do not mine as many blocks, do you partner or cooperate with other mining pools?

According to the information posted on their Transaction Accelerator page  they do collaborate with "multiple major pools" but they didn't mention the names of those pools!

Not sure how their fee estimator works or how reliable it is as I tried many unconfirmed transactions (each one of them has different fee rate) and for all of them, the estimator suggested paying 50 usdt. I was expecting to see different fee estimations depending on how much the transaction is already paying!

[hi@spiderpool]

Hi all, thanks for the responses!

To:@NotATether
Firstly, here are our official links [sorry i forgot it the first time around!]
Twitter - https://twitter.com/SpiderPool_com
Official Website - https://www.spiderpool.com/
Txn Accelerator Link - https://www.spiderpool.com/txAccelerate
Linktree to our TG+Email - https://linktr.ee/spiderpool_com

To:@Synchronice !
With regards to Registration, I have brought that up to the technical team and we'll try to get the changes in the next update. Thanks for the suggestion!

To:@ABCbits
Another great suggestion! I have also brought it up to the technical team and we'll try to get the changes in the next update as well! Any preferred paying methods?

To:@Z-tight
Question is about free txn acceleration, concern about our hashrate. No point paying then wait for long time to get block mined.
With regards to our hashrate we understand that we have a lower hashrate as compared to other mining pools. However, we are partnered with some of the larger mining pool but unfortunately cannot reveal the names of these mining pools for NDA purposes BUT with our partners we have a combined hashrate of 25.6% of the network.

To:@Aanuoluwatofunmi
We'll look into the signatory campaign and the copper membership. Appreciate the suggestion!

To:@khaled0111
Our fee estimates are based on network congestion + size of the txn itself. It is fairly accurate and we'll try to include more precisely about how we're doing these calculations in the next update!
Certain unconfirmed Txn's show 50USDT as that is our minimum fee for the acceleration! We could have a separate txn accelerator for smaller txn's if theres enough demand! Let us know! We're open to suggestions

Sorry for the format, still navigating the forum but everyone's comments have been really beneficial! Thank you for the support given!

[Yamane_Keto]

I get a blank screen. I don't know if the problem is on my side or server side.

To:@Z-tight
Question is about free txn acceleration, concern about our hashrate. No point paying then wait for long time to get block mined.

There are cases of using a bad wallet, broadcasting a transaction with very low fees and no RBF flag. In such cases, a paid service and confirmation within a day will be better than waiting for weeks.

Do you have any policy regarding transactions, such as blacklists, or if I broadcasts a transaction from a blacklist address, will it be accepted?

[hi@spiderpool]

I get a blank screen. I don't know if the problem is on my side or server side.

To:@Z-tight
Question is about free txn acceleration, concern about our hashrate. No point paying then wait for long time to get block mined.

There are cases of using a bad wallet, broadcasting a transaction with very low fees and no RBF flag. In such cases, a paid service and confirmation within a day will be better than waiting for weeks.

Do you have any policy regarding transactions, such as blacklists, or if I broadcasts a transaction from a blacklist address, will it be accepted?

Server side is fine, I can still access the website. If its not too sensitive, may I know what country are you from so I can check with tech team?
With regards to blacklisted addresses, i'll raise it to tech as well.

[Z-tight]

With regards to our hashrate we understand that we have a lower hashrate as compared to other mining pools. However, we are partnered with some of the larger mining pool but unfortunately cannot reveal the names of these mining pools for NDA purposes BUT with our partners we have a combined hashrate of 25.6% of the network.

Fair enough, however, if your tx accelerator becomes widely used at some point in time, people would still be able to detect the mining pools you cooperate with, based on the mining pools that frequently confirm their tx's when they use your paid service.

With regards to blacklisted addresses, i'll raise it to tech as well.

I hope there would be nothing of such, because if your service works with blockchain analysis companies and blacklists addresses or utxo's, that is enough reason for people not to use your service.

[ABCbits]

To:@ABCbits
Another great suggestion! I have also brought it up to the technical team and we'll try to get the changes in the next update as well! Any preferred paying methods?

I don't have specific preference. But looking at these links,
https://blog.coinpayments.net/resources/crypto-payments-in-2021-which-coins-are-the-most-used-for-payments
https://bitpay.com/stats/

IMO LTC, ETH, DOGE and USDT (on different network) seems to be good idea.

[stompix]

Let's rant a bit about this, that minimal $50, which a lot of other pools also have it unfortunately it's a turn-off, it might now be looking that bad when the mempool is at 100sat/vb but right now to accelerate a tx that already pays 8 sat/vb you're asking for the equivalent of 250sat/vb for a small tx, that's a 25x what you would get from adding a normal tx in queue, and some are even ridiculous even with their size, I mean common:


https://mempool.space/tx/520035cf9bd1e77fa4df65cbbc491c41aa0474e487be7eb4f30731684902d13d

You're asking for 0.38BTC for 1/10 of the block this when the whole next block reward is 0.23?
I understand it's a business and business do need to make money to stay afloat but you're really fleecing customers here.

Second part of the rant, do miners get any part of the acceelator fees, or do they isnetad suffer a loss since you're replacing a higher priority tx with a lower one?  

[Synchronice]

Firstly, here are our official links [sorry i forgot it the first time around!]
Twitter - https://twitter.com/SpiderPool_com
Official Website - https://www.spiderpool.com/
Txn Accelerator Link - https://www.spiderpool.com/txAccelerate
Linktree to our TG+Email - https://linktr.ee/spiderpool_com

Edit your original post and include those URLs there. Also change the title, you have a typo there, it's accelerator, not excellerator.
Also, add low transaction fee altcoins like Litecoin, Dogecoin, Monero and probably some other ones as a payment method for acceleration fee.

However, we are partnered with some of the larger mining pool but unfortunately cannot reveal the names of these mining pools for NDA purposes BUT with our partners we have a combined hashrate of 25.6% of the network.

That list will be revealed automatically when someone uses your transaction accelerator and discovers that transaction was included in block mined by AntPool (for example).

Certain unconfirmed Txn's show 50USDT as that is our minimum fee for the acceleration! We could have a separate txn accelerator for smaller txn's if theres enough demand! Let us know! We're open to suggestions

Please, transaction accelerator service providers have so high fees that most of the time it's better to lose your money or wait for months instead of paying ridiculously high fees that accelerator asks you. It will be good if you have higher than recommended transaction fees, up to 2-3x of what's recommended during the acceleration. This way you'll still be in profit and will have lots customers.
When a guy sends $70, he won't pay $50 in fees.

[Lucius]

If we take into account that a greater number of transaction accelerators can lead to the price of such a service being reduced, then it is positive that we got another such service. However, such services only make sense in the case when the mempool is overcrowded and the user has not used a wallet that has RBF (replace by fee) - because it is generally a much cheaper option to increase the fee yourself than to pay for such a service.

In the end, Via is always the option, although with its limitations and obvious abuses, it is not easy to push a transaction through their free service.

[hi@spiderpool]

With regards to our hashrate we understand that we have a lower hashrate as compared to other mining pools. However, we are partnered with some of the larger mining pool but unfortunately cannot reveal the names of these mining pools for NDA purposes BUT with our partners we have a combined hashrate of 25.6% of the network.

Fair enough, however, if your tx accelerator becomes widely used at some point in time, people would still be able to detect the mining pools you cooperate with, based on the mining pools that frequently confirm their tx's when they use your paid service.

With regards to blacklisted addresses, i'll raise it to tech as well.

I hope there would be nothing of such, because if your service works with blockchain analysis companies and blacklists addresses or utxo's, that is enough reason for people not to use your service.

Correct, it is still easily discernable. However, from our end we cant be the ones divulging the information :x

We also do not work with any blockchain analytics company at the moment, so there will be no limitations to blacklisted addresses or UTXO's.

[Potato Chips]

Deets about the mentioned free accelerations? I'm confused about your answer to z-tight's question in regards to this 😅

Like any prerequisites? how long will you be taking requests? asking for future use because fees are cheap at the moment so no immediate need for a txn accelerator.

[hi@spiderpool]

Deets about the mentioned free accelerations? I'm confused about your answer to z-tight's question in regards to this 😅

Like any prerequisites? how long will you be taking requests? asking for future use because fees are cheap at the moment so no immediate need for a txn accelerator.

With Regards to the free Txn Accelerators, it is already in the works and we'll reveal more details when I manage to gather all the details and hopefully, a release day!

[shield132]

Hi we're Spiderpool and we just released our own Txn Accelerator

I wanted to say you are welcome but...

Do give us a try and let us know what you think! We probably have one of the lowest fees in the market currently, probably tied with Antpool.

Is this a serious statement? Okay. According to mempool.space, 10 sat/vb is a recommended fee to get your transaction included in the next block right now. As an example to test your service, I took someone else's transaction from mempool and pasted the TX id in your accelerator. The transaction's size is 8.89 KB with a fee of 9.03 sat/vb. Basically, it will be automatically confirmed in an hour or two. At the moment the transaction fee in USD is 53.10$. Your transaction accelerator asks for 2276.71 USDT to get the transaction accelerated, e.g. included by your or your partner's pool. (TX id for reference - 11db9ca4d8fe65490234bdb3745ed71377b3c7b1271f735c5f1d6d4f07f530e7)

Is your transaction accelerator really one of the cheapest? I don't find such a service beneficial. I checked another typical one input one output transaction and for a transaction that needs 1$ to get included in the next block, your accelerator asks user to pay 517.6 USDT. Here is transaction id - 6f661ff27a87234d90f0dbde2dcbc967f19521d94ee4b2bd717254e8cedb6c50

I don't understand this service and I don't think anyone ever will use it with current fees.