388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question

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Quote from: LoyceV on January 14, 2018, 12:47:54 PM

Quote from: Get-Paid.com on January 14, 2018, 12:16:35 PM

Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?

That block is complete already.

What is Bitcoin transaction locktime?
In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited.

Thanks.

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

Quote from: Get-Paid.com on January 14, 2018, 12:16:35 PM

Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?

That block is complete already.

What is Bitcoin transaction locktime?
In short, it's not that interesting for normal transactions, only if you set a minimum block height to make a transaction time limited.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Quote from: LoyceV on January 14, 2018, 12:10:29 PM

No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found.

If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further.

Thanks!

Another question - it says this transaction belongs to Block 504197 - where can you see the status when this Block is complete or how many % or estimate is left for it to be completed?

LoyceV

legendary

Activity: 3290

Merit: 16489

Thick-Skinned Gang Leader and Golden Feather 2021

No. Fees are an estimate, not an exact prediction. "max 80 minutes" can't be guaranteed with any fee. I've seen longer periods without a new block being found.

If miners would find a few blocks close together, fees will drop enough for your transaction to be confirmed. If blocks are far apart (and the last few blocks took a long time), fees will rise further.

Get-Paid.com

sr. member

Activity: 1877

Merit: 389

Does this mean if this transaction was sent with additional 3 Sat/B then it would have been completed by now? (currently 2.5h with no confirmation):

https://blockchain.info/tx/1ed17af552439216c761b8880a9fa1ee6a3a38f82cfd0ac873fd797a6c147bee

Topic: 388 Sat/B is 240 minutes and 391 Sat/B is max 80 minutes - Question (Read 144 times)