3 confirmations in 10mins with minimal fees!!!

busybee7

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Quote from: calkob on March 24, 2016, 01:23:44 PM

Just moved some bitcoin and had 3 confirmations within 10mins. i paid the minimum fee that core required which was 0.00001433. i think bitcoin is working fine, and tells me that the transactions waiting confirmation must have no fee what so ever, would you agree?

well i guess it depends on luck, you might get your transaction confirmed fast if the block will be not full or your transaction will be lucky enough to be included in a block

i usually send my bitcoins with a fee from 0,0001 to 0,0002 and i never have any problems with the network confirmations

BitcoinHodler

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Quote from: mobnepal on March 25, 2016, 09:45:20 AM

I have also tried to move some bitcoin which is above 0.05BTC and normally i used to pay 10000 satoshi as fee but blockchain.info suggest me that it can be included within first block even i only pay 1600 satoshi. Bitcoin network is being fast these days i think.

yeah, apparently that is what happens when the attacks finally stop Grin

mobnepal

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I have also tried to move some bitcoin which is above 0.05BTC and normally i used to pay 10000 satoshi as fee but blockchain.info suggest me that it can be included within first block even i only pay 1600 satoshi. Bitcoin network is being fast these days i think.

RealPhotoshoper

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Quote from: calkob on March 24, 2016, 01:23:44 PM

Just moved some bitcoin and had 3 confirmations within 10mins. i paid the minimum fee that core required which was 0.00001433. i think bitcoin is working fine, and tells me that the transactions waiting confirmation must have no fee what so ever, would you agree?

yes i'm agree,so far i'm fine and never felt long time confirmation,but honestly i never use that small fee,its really small fee,do you sent that bitcoin from blockchain wallet?because i use coinbase and can't set minimum fee as small like that.

Snorek

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This is when randomness of bitcoin strikes. I would very much with transaction confirmation times were standardized at some point.
For now it is either this lucky case of extremely fast and easy confirmations. Or your transaction is lost in blockchain for couple hours.

jak1

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Quote from: btcltccoins on March 24, 2016, 10:51:47 PM

Quote from: calkob on March 24, 2016, 01:23:44 PM

Just moved some bitcoin and had 3 confirmations within 10mins. i paid the minimum fee that core required which was 0.00001433. i think bitcoin is working fine, and tells me that the transactions waiting confirmation must have no fee what so ever, would you agree?

You are quite lucky to had 3 confirmations within 10 mins. Normally it take 30 minuets for the 3 to 6 confirmations. Most of the people complain that transaction time take way too long and this is something thats needs to be rectified.

I would also consider you lucky enough to get the transaction done in such a less amount of time.
Waiting for confirmation is always be a probelm for bitcoins and we have to come up with solution.

pereira4

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Quote from: LFC_Bitcoin on March 24, 2016, 01:32:48 PM

3 confirmations in 10 minutes with such a small fee. That's pretty impressive, I think you probably got lucky though. I always pay above the recommended fee & most times don't get as many confirmations in such little time.

I have never paid above recommended fee, and I never suffered from any delays except that one day where someone was intentionally attacking Bitcoin with a ridiculous amount of spam, and even then I just had to wait some extra time and the money eventually appeared... I was never worried about losing money which is what matters.

talkbitcoin

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All I know is that I know nothing.

i wish OP shared the tx id with us so we could see how lucky or regular this was.
i mean technically it is possible to send bitcoin with 0 fees and still be high priority and get confirmation fast (it should have those three conditions (unless the rule doesn't apply any more)

Mbastia

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you are very lucky with that one because sometimes i even pay 10K satochies for a tx and i have to wait for a half hour to get 6 confirmations

rinhunter

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I think you're lucky.
I've sent using a small amount, but that happened I never get confirmed transaction.
or perhaps you sent in small amounts and use fee under recommendation?

n0ne

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This is quite impressive to get confirmation within 10 minutes. Also you have got 3 confirmation which is more than the required.

--Encrypted--

copper member

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hee-ho.

the only thing that is out of the ordinary here is the fast confirmation of a low fee transaction (even then we can't be sure if the fee was lower than recommended without seeing the transaction hash).
the part about 3 confirmations just means that 3 blocks was found within 10 minutes. that happens almost everyday. I do agree that bitcoin is doing fine currently.

Herbert2020

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this was mostly luck but also there has been low number of unconfirmed transactions lately (less than 1000 sometimes) so i guess medium priority transactions are getting confirmed fast too.

1Referee

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It once also happened to me when I made a deposit into my BTC-E account which requires 3 confirmations for every Bitcoin deposit. I was surprised to see the coins posted in just 5-10 minutes time. It's pure luck. More often I end up waiting around 30-45 minutes for 3 confirmations.

Kprawn

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To prove that this was not just luck, we dare you to try that again and see if you get the same result. {Move coins between your own accounts, with the same fee} The odds of you successfully doing

that again, is very thin and cannot be extrapolated to every transaction being done on the network at the moment. I am also lucky some times, but is the exception rather than the rule. We cannot

bargain on that, with every transactions being done on the network... with the limitations we have now. Roll Eyes

Amph

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it's the same luck you get when you send a micro transaction without fee and it get the first conf in 10 minutes

but this is far from the normal average time of the confirmation

btcltccoins

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Quote from: calkob on March 24, 2016, 01:23:44 PM

Just moved some bitcoin and had 3 confirmations within 10mins. i paid the minimum fee that core required which was 0.00001433. i think bitcoin is working fine, and tells me that the transactions waiting confirmation must have no fee what so ever, would you agree?

You are quite lucky to had 3 confirmations within 10 mins. Normally it take 30 minuets for the 3 to 6 confirmations. Most of the people complain that transaction time take way too long and this is something thats needs to be rectified.

nydiacaskey01

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Quote from: calkob on March 24, 2016, 01:23:44 PM

Just moved some bitcoin and had 3 confirmations within 10mins. i paid the minimum fee that core required which was 0.00001433. i think bitcoin is working fine, and tells me that the transactions waiting confirmation must have no fee what so ever, would you agree?

Thats so lucky of you, usual fee I pay is 0.0001 to make sure transaction pushes through, I saw an exchange site paying only 0.000099 no one wants their transaction to be stuck in unconfirmed status because of not paying a few satoshis

Real-Duke

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Everytime before I made a payment I look at the actual mempool size and then I decide the value of my fee Wink

Pro Gamers

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Nice. I had 0.0001 fee for 0.005 and although i knew it will going for 6 confirmations to get through it took my transaction for less than 2 hrs.

Topic: 3 confirmations in 10mins with minimal fees!!! (Read 1329 times)