Topic: 17 hours and no verification on the transaction - old client responsible? (Read 280 times)

Ah, awesome, thanks. Learning more and more here.

The transaction went through after around 60 hours!

That 0.34 is your "change"... you spend an old input worth 0.84... but you were only spending 0.5... so you got "change".

refer: https://en.bitcoin.it/wiki/Change for more info on Bitcoin and "change".

In other news, your transaction got confirmed! YAY!

Ah, great answer, thanks A LOT! I'm looking into speeding things up then.

Seems like "Replace by fee" is not available for this transaction (Electrum settings had "Propose Replace-By-Fee: Only if the fee is low"). But there is a "Child pays for parent". I was thinking using this, but the text appearing is a bit confusing. It's saying "Input amount: 0.349205 BTC", which is an amount I see in the records (and in the blockchain.info-link), but I don't understand where this number comes from. I am trying to transfer 0.5 BTC...

Which then seems like I have used a non-RBF transaction, and it seems like 2.9.3 fixes something here:

  # Release 2.9.3
    * fix ledger signing of non-RBF transactions

Maybe I stepped into a byggy area in Electrum?

But back to the amount: Can someone tell me what this 0.34... is, when I try to send 0,5? (yes, the 0.5 BTC appears on a second line)

Link:
https://blockchain.info/tx/f01cfb2b5118dab1cd5eabd1bada7e67847398ea81baed905f12e38806350a88

The reason you're transaction hasn't been processed yet is because of the huge pile of unconfirmed transactions in the blockchain mempool at the moment. To help you understand the current situation and analyze why your transaction hasn't been processed yet follow my points:

1) If you see here: https://fork.lol/pow/hashrate you'll notice that at the moment and since several hours more than 50% of the mining power has shifted / moved to BCH temporarily cause they find it more profitable at the moment to mine. Thus with less mining power, it's taking longer to mine a block until Bitcoin's difficulty rate reduces (which it will in a few hours). When the difficulty rate reduces, Bitcoin will again be profitable to mine and mining hashpower will move back.

2) Now since more hashpower has shifted, the number of bitcoin transactions have piled up since they haven't been confirmed in the next block which you can see here: https://blockchain.info/unconfirmed-transactions (about 161,000 unconfirmed transactions). This is leading to people having to pay higher miner's fee to get it included in the next block that gets mined.

3) Now because of higher mining fees, the current fastest transaction fee is 850 satoshis/byte to be included in the next block which you can see https://bitcoinfees.earn.com/ here, where as the fee you've paid is 351.77 satoshi/byte. Hence it may take hours to have your transaction confirmed unless you use Replace by fee in electrum to pay a higher fee (about 850 which is the current recommended) to be included in the next block.

If you can't afford to pay such high fees I suggest you wait it out since it's unfortunate that many transactions are pending and the mempool is filled up. Also most transaction accelerators are also not accepting new transactions cause they've too been queued up.

So basically I doubt this has anything to do with Electrum's version.

And this chart does not look right to me:
https://blockchain.info/charts/avg-confirmation-time?timespan=30days

So I seem to be "one of those" that are victims of looong transaction times, as seen elsewhere on this board.

It's been 17 hours now: https://blockchain.info/tx/f01cfb2b5118dab1cd5eabd1bada7e67847398ea81baed905f12e38806350a88

I just wonder, I used Electrum v2.9.2, which might be an old version(?). Could it be outdated, and not sending the right flags and so on? Or something else?