Author

Topic: 2 hours with no confirmation (Read 1617 times)

legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
January 13, 2016, 03:54:25 PM
#11
Fees can be a little confusing. The concept is that a miner can accept any fee they want or no fee. This tends to set the fee for any transaction to the lowest level that is supported by the mining network. If a miner demands too much then he might not find a lot of transactions to include in a block. If he charges too little then he might not be profitable.
So it becomes a contest that tends to make winners of the mines who accept a low but profitable fee.
staff
Activity: 3458
Merit: 6793
Just writing some code
January 13, 2016, 03:47:31 PM
#10
Im not spammer.I have written them in the light of my knowledge,i dont even know the size of the transaction is factor in the confirmation,i have not seen it at anywhere.
The size of the transaction does matter since the fee is actually fee per kilobyte (btc/kb). Since you are essentially paying for space in a block, if you have a big transaction, you should pay more for that space so the fee will be higher.
full member
Activity: 486
Merit: 100
January 13, 2016, 03:40:58 PM
#9


Now you can only wait.


LUCK!

full member
Activity: 140
Merit: 100
January 13, 2016, 03:34:40 PM
#8
Thanks for you reply. I usually chose the "normal" fee option in the app witch varies(0.00007 to 0.00001 BTC). For this transaction I paid 0.000032BTC.

its low for now,as i said that fair miner fee amount is 0,1 mbtc
it can take up to 4 days.you got to wait,but dont forget to check your wallet sometimes.

How can you say its low if you dont know what the size of the transaction is?

Hello,

It`s been 2 hours since I sent 0.2BTC to another wallet and there are no confirmations(the bitcoins have arrived at the destination). I usually send bitcoins using my mycelium app using normal transaction fee and it takes top 10 minutes to reach 2-3 confirmation.

Is this normal? Is there a risk of not reaching any confirmation?

Thank you!

Welcome,

be careful with advice you get here, because some users post to get paid for the signature and not to help others. There are also users that actually want to help, but dont know enough to do so. They may or may not have a paid signature. In general you should take everything you read here with a grain of salt.

Anyway, to the topic.

Its actually not normal that you usually have 2-3 confirmation within 10 minutes. On average(!) every 10 minutes a block is found. Thus you should get 1 confirmation every 10 minutes on average. There are also many transactions waiting for a confirmation. Currently ~28k



The miners that include the transaction into blocks and get you your first confirmation prioritize by fee per byte, because the size of a block is limited and they want to get as much bitcoin as possible. Thus it is possible that you have wait for a few blocks until a miner picks up your transaction. From my personal experience with mycelium the "normal" fee option is usually fine, but you might not get included in the next block. So I would suggest you wait a little longer. The "priority" fee can help with this if the transaction is urgent.

Im not spammer.I have written them in the light of my knowledge,i dont even know the size of the transaction is factor in the confirmation,i have not seen it at anywhere.
member
Activity: 187
Merit: 10
January 13, 2016, 03:32:07 PM
#7
Hi shorena. Thanks alot for you time to clarify these things for me. I'm new to the bitcoin game and I have skipped some tutorials and lessons including the one that you just explained Smiley
copper member
Activity: 1498
Merit: 1528
No I dont escrow anymore.
January 13, 2016, 03:25:25 PM
#6
Thanks for you reply. I usually chose the "normal" fee option in the app witch varies(0.00007 to 0.00001 BTC). For this transaction I paid 0.000032BTC.

its low for now,as i said that fair miner fee amount is 0,1 mbtc
it can take up to 4 days.you got to wait,but dont forget to check your wallet sometimes.

How can you say its low if you dont know what the size of the transaction is?

Hello,

It`s been 2 hours since I sent 0.2BTC to another wallet and there are no confirmations(the bitcoins have arrived at the destination). I usually send bitcoins using my mycelium app using normal transaction fee and it takes top 10 minutes to reach 2-3 confirmation.

Is this normal? Is there a risk of not reaching any confirmation?

Thank you!

Welcome,

be careful with advice you get here, because some users post to get paid for the signature and not to help others. There are also users that actually want to help, but dont know enough to do so. They may or may not have a paid signature. In general you should take everything you read here with a grain of salt.

Anyway, to the topic.

Its actually not normal that you usually have 2-3 confirmation within 10 minutes. On average(!) every 10 minutes a block is found. Thus you should get 1 confirmation every 10 minutes on average. There are also many transactions waiting for a confirmation. Currently ~28k



The miners that include the transaction into blocks and get you your first confirmation prioritize by fee per byte, because the size of a block is limited and they want to get as much bitcoin as possible. Thus it is possible that you have wait for a few blocks until a miner picks up your transaction. From my personal experience with mycelium the "normal" fee option is usually fine, but you might not get included in the next block. So I would suggest you wait a little longer. The "priority" fee can help with this if the transaction is urgent.
full member
Activity: 486
Merit: 100
January 13, 2016, 03:23:02 PM
#5


Only 0.000032BTC!

The time is gold  Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin Grin
full member
Activity: 140
Merit: 100
January 13, 2016, 02:44:03 PM
#4
Thanks for you reply. I usually chose the "normal" fee option in the app witch varies(0.00007 to 0.00001 BTC). For this transaction I paid 0.000032BTC.

its low for now,as i said that fair miner fee amount is 0,1 mbtc
it can take up to 4 days.you got to wait,but dont forget to check your wallet sometimes.
member
Activity: 187
Merit: 10
January 13, 2016, 02:38:49 PM
#3
Thanks for you reply. I usually chose the "normal" fee option in the app witch varies(0.00007 to 0.00001 BTC). For this transaction I paid 0.000032BTC.
full member
Activity: 140
Merit: 100
January 13, 2016, 02:14:51 PM
#2
Hello,

It`s been 2 hours since I sent 0.2BTC to another wallet and there are no confirmations(the bitcoins have arrived at the destination). I usually send bitcoins using my mycelium app using normal transaction fee and it takes top 10 minutes to reach 2-3 confirmation.

Is this normal? Is there a risk of not reaching any confirmation?

Thank you!

the risk is depends on fee
if you haven't pay any fee that is possible your transaction will never be confirmed.
how much pee did you pay for the miners ? fair amount is 0.1 mbtc
member
Activity: 187
Merit: 10
January 13, 2016, 02:05:44 PM
#1
Hello,

It`s been 2 hours since I sent 0.2BTC to another wallet and there are no confirmations(the bitcoins have arrived at the destination). I usually send bitcoins using my mycelium app using normal transaction fee and it takes top 10 minutes to reach 2-3 confirmation.

Is this normal? Is there a risk of not reaching any confirmation?

Thank you!
Jump to: