Topic: Bitcoin acceleration services - Fee comparison - page 2. (Read 543 times)

Guys are not even replying towards what I see here, and one thing peculiar to all these acceleration services is that they are merely ripping people off their money, the monopolistic system of Bitcoin in favour of the miners is too much and gives room to such. No wonder they will never pray for the network to be at peace so that they can only honour the high fees and make life miserable for Bitcoin users, especially those whose transactions are stuck and who still would want to use the accelerator service but will be discouraged by even a higher fee. This is madness if people are not so concerned about it.

This is entirely a business for them, they don't care about anybody or the network, a system of win-win deal for these guys in a situation where there is no good option which makes it so annoying. Nowhere to run to by common guys who are not rich but I don't think this is what Satoshi wanted for the network/system. They've taken hold of this system back to back, milking deeply. It is so sad.

Their push transaction service can surely act as a transaction accelerator, but that's not only a transaction accelerator.


I don't know whether their push transaction service is free or not.
They require users to enter a referral code because they don't want everyone to be able to use that service and I think that's because they allow submitting non-standard transactions.


Here are the differences.

• In their transaction accelerator, you should submit your transaction ID and therefore, your transaction should have been broadcasted before using other tools and they should have your transaction in their mempool. In their push transaction service, you should submit the raw transaction in hex and you send your transaction directly to F2Pool.
  
  
• In their transaction accelerator, you can't submit a non-standard transaction, but in their push transaction service, you can submit even a non-standard transaction.

I haven't suggested it's a broadcasting service. My observation tells me it's a transaction accelerator. Probably a free one and just has a separate link from the paid one that most people know. I don't see how both are different services as you suggested earlier on, except that one is paid, and the other requires a referral code to have the TX pushed.

There's a big difference between F2Pool push transaction service and other tools that can be used for broadcasting transactions.
Anyone who has a referral code can send a non-standard transaction directly to F2Pool, so that they include it in the blockchain.

Requiring a referral code to just broadcast a transaction would completely make no sense, especially when there are other tools that can be used to do the same thing as well.

I picked that transaction from the list of their recently pushed transactions, there are other confirmed transactions in there which were at a lower fee rate compared to the optimal fee rate at that time like this one got confirmed 2 days ago and was at 3 sats/vbyte (https://mempool.space/tx/dc745e5838396e77c08dbaa3741c7abb7b03197106c8ad60376d01498048aebd)
So if it was just broadcasting, they shouldn't have been confirmed up to now.

Never used it and it's the first time I clicked it, if it's labeled as push it should only do that, broadcasting the tx not a free acceleration service.
But the referral thing is weird, I'll ask around to see if someone mining there has one!


I don't know about that address in particular but things like this zero sat/byte one:
https://mempool.space/tx/dc4c8fef2a4500ea582aeb692542548f2f23205662ee87d5a16c83d41dcf3f4a
is f2pool paying out miners.


Bruhhhhh!!!!! Who the hell are you?  Why the rebranding?
You dropped the ETF right now when everyone thinks one will get accepted? Some really bearish signs!

Anyhow, yeah, as long as you have some control you can still avoid paid accelerators, I would only use them if I do a transactions between to exchanges or some gambling site and the sender is an asshole and makes the tx with a fee that will never gets accepted, but even then I would till consider not doing a thing if he sends that with 10 inputs 100 outputs and 5sat/vb, I would rather let it drop than pay to accelerate something like that myself.

Nice thread, It convince me further to enable RBF or at least set relative high TX fee rate.


FWIW if you use wallet with full RBF support, you can avoid paid accelerators. And if you're advance user, you can create raw TX with conflicting UTXO with higher fee and broadcast it to other node/explorer which support full RBF.

I think I now see two different transaction acceleration links

1. https://www.f2pool.com/pushtx
2. https://www.f2pool.com/user/tx-acc

Yeah, I registered an account, but for the first one, just below the box where you enter the signed raw transaction Hex, they require you to enter a referral code. Perhaps because the first one is a free transaction acceleration service?

I am seeing 0 sat/byte transactions getting included in the block confirmed by them

You don't need to have a referral code for using their transaction accelerator and they allow everyone to use that.
Referral code is required, if you want to use their Push TX service. For pushing a transaction, you should submit the raw transaction in hex and that's a different service.

Yeah, probably the same model and the same internal pricing per byte, the slight difference might be just the seconds between my tests interfering with that, the few cents off are obviously because the price as the satoshis are the same.


Ok, so you need to be more specific about it, I have been on f2pool for years so I don't know this, do they require a referral code? I opened the page in a clean browser but it seems the registration is free?


Speaking for Binance alone, I though it was like a default thing, no way Binance would forfeit this opportunity to have someone open an account on it it and get his identity, but yeah, I'll update this tomorrow as I need to check what the others require also, I already have accounts on all those mining pools so probably it would be different for a new user.

I'm not that familiar with binance's tx accelerator but it looks like it's being gatekept for the verified users? as I was asked to login to a binance account (same as the exchange) when I tested a transaction.

I think it'd be useful to make a note of this on the first post. Unless the user in question has a working kyc'd account in binance, it's def one of the deal breakers.

So it just seems as though Binance pool just happens to have its transaction acceleration fees are close to those of F2pool as possible.  I have a question regarding f2pool. How did you manage to get that much need referral code?

With Viabtc reducing slots, one free gateway to get cheaper transactions confirmed is nearly shut so in case fees go up again and you have one for those tx where you can't RBF or CPFP cause it's a tx between custodial wallets one might have to resort to paid accelerators.
Since I've been really lucky and during my 3 minutes check no block was mined to influence heavily the fees I tried to make a quick compare for two small one input one output, transactions so here you go, this is what one can expect for now!

But please note those are fees for next block being at ~40sat/b and the tx at 30sat/b! Tomorrow those might be irrelevant but at least you know the basic pricing.

TX A IS:  Size   ‎346 B/ Virtual size   ‎176.5 vB
TX B IS : Size   ‎294 B/ Virtual size   ‎135 vB
Fixed, thanks hosseinimr93 ! Too much copy paste for the day!


Viabtc

TX A:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 177 Bytes = (177 + 0) Bytes
Total fee
0.0025488 BTC ≈ 111.92

Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 135 Bytes = (135 + 0) Bytes
Total fee
0.002052 BTC ≈ 90.07

ANTPOOL

TX A:
Transaction volume:177 vBytes = (177 + 0) vBytes
Payment method:USDT
Acceleration price:22.15 USDT
Payment network:Tron (TRC20)

TX B:
Transaction volume:135 vBytes = (135 + 0) vBytes
Payment method:USDT
Amount to be paid:16.89 USDT
Payment network:Tron (TRC20)

F2pool:

TX A:
Transaction Volume (Current + Previous Unconfirmed)
177 vbytes = (177 + 0) vbytes
0.00141600  BTC ≈  62.36 USDT

TX B:
Transaction Volume (Current + Previous Unconfirmed)
135 vbytes = (135 + 0) vbytes
0.00108000  BTC ≈  47.54 USDT

Binance: (requires a verified KYC account on the exchange)

TX A:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 177 vBytes = (177+0) vBytes
Total Cost  0.00141599 BTC  (62.29)

TX B:
Transaction Size (Current TX Size + Previous Unconfirmed TX Size) 135 vBytes =(135+0) vBytes
Total Cost  0.00108 BTC (47.51)

Mempool (not operational yet AFAIK)

TX A:
Estimated acceleration cost   51,032 sats $22.45
Maximum acceleration cost   62,000 sats $27.27

TX B:
Estimated acceleration cost   50,669 sats $22.29
Maximum acceleration cost   59,000 sats$ 25.95


What I observed doing those tests:
- Viabtc offers free slots but has the highest paid acceleration fee
- Antpool offers tron payments, which is a bit understandable, if you can't accelerate your BTC tx, how ar you going to pay with BTC?
- Binance is the most annoying one, not only they don't show the charge in $ but also do this

discount, lol, what's this the fireworks isle after 4th of July to offer discounts? Really cheap marketing tactic!
- Antpool is the uncontested winner until mempool will be able to start their service for everyone