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Topic: Bitcoin long confirmation even if txconfirmtarget=1 (Read 110 times)

sr. member
Activity: 628
Merit: 276
BTC, ETH, XMR, LTC
Got accepted now? Maybe you have sent your tx just when we were waiting 40 minutes for new block to get accepted.

Yeah now is OK, but I thought that if normal+ fee is set, then it should be confirmed in 10 minutes max.
Now I understand that's not a usual case.
No it's not 10 minutes max, but 10 minute on average. You could also be "lucky" and 3 blocks would be accepted within 10 minutes.[1] This does not depend on fees but on a mathematical problem which needs to be solved by all computers/miners in Bitcoin network. As soon as they find a solution block is accepted. It takes 10 minutes on average to solve it.

[1] http://prntscr.com/ksnhd0 3 blocks got accepted in less then 3 minutes.
jr. member
Activity: 115
Merit: 2
Got accepted now? Maybe you have sent your tx just when we were waiting 40 minutes for new block to get accepted.



Yeah now is OK, but I thought that if normal+ fee is set, then it should be confirmed in 10 minutes max.
Now I understand that's not a usual case.
legendary
Activity: 1624
Merit: 2481
I send a transaction via bitcoind configured with txconfirmtarget=1,
even if those parameter I dont get confirmed even in 30 minutes ?

txconfirmtarget=X guesses the required fee to get your TX included within the next X blocks.
While blocks are generated at a rate of 6 per hour, this is just an average value.

The time between two blocks can differ between a few seconds to multiple hours. You are never guaranteed to get a confirmation within Y minutes.



Fee size is OK

Quote
Fee per byte   19.329 sat/B

Actually the fee is pretty high.
I would suggest to visit https://jochen-hoenicke.de/queue/#1,8h to check the current status of the mempool.

If you need it to confirm as fast as possible during such spikes, such a fee unfortunately is necessary.
But if you can wait 2-3 blocks, 2 sat/B would have been enough (thats ~1/20 of your current fee).
sr. member
Activity: 628
Merit: 276
BTC, ETH, XMR, LTC
Got accepted now? Maybe you have sent your tx just when we were waiting 40 minutes for new block to get accepted.

jr. member
Activity: 115
Merit: 2
I send a transaction via bitcoind configured with txconfirmtarget=1,
even if those parameter I dont get confirmed even in 30 minutes ?

Why this happens ? As I see on blockchain.info

Fee size is OK

Quote
Fee per byte   19.329 sat/B
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