Bitcoin transaction accelerator is it true or not? - page 6.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: ImHash on February 17, 2017, 01:08:30 PM

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation if they find a whole block, so no matter who you give your transaction to accelerate it wont be confirmed unless they are the ones finding a block, basically the first confirmation is the most important one since others will only validate the tx further more and not including them in other blocks as they mining them.

This is entirely true. But requesting the addition is free -- if they mine a block and get you in there, great. If they didn't, you lost nothing. It's safe to say it's worth a few seconds to save potentially hours/days.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: ImHash on February 17, 2017, 01:08:30 PM

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation

Correctly, and that can take hours sometimes days, even weeks to confirm.

This article is based on my experience whit some long delays in the blockchain.
Vaultoro send my transactions to the accelerator.

“[W]e paid 0.0005 fee (45 cents) to get a client their withdrawal and it took 17 hours to clear and actually only cleared because I put it into the Viabtc transaction accelerator.”

Article can be found here: https://www.cryptocoinsnews.com/bitcoin-slows-crawl-transactions-backlog-reaches-quarter-billion-dollars/

ImHash

hero member

Activity: 924

Merit: 506

Tell me if I'm wrong, miners only can confirm a transaction for it's first confirmation if they find a whole block, so no matter who you give your transaction to accelerate it wont be confirmed unless they are the ones finding a block, basically the first confirmation is the most important one since others will only validate the tx further more and not including them in other blocks as they mining them.

neochiny

hero member

Activity: 756

Merit: 503

Crypto.games

This is interesting. Bookmarked, in case I ever have need in future.

I've never tried sending with such a low amount of tx fee (10ksat) before,
(I worry too much about a transaction getting stuck, so I always aim for whichever fee range has less unconfirmed transactions.)
Good to know that even 10ksat fees can get through in under an hour.(with help) Grin

Thanks for the tip.

As for BU and Segwit. Well. Roll Eyes

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

ViaBTC is not accelerating via its own pools only, they work with https://www.antpool.com and probably other miners.

Thank's for this service, helps a lots.

Diced90

hero member

Activity: 994

Merit: 515

Get'em boys

I had my doubts about this Bitcoin transaction accelerator not until I had my tx stuck for about 9hours and when I got to use it, just had to submit my tx though I sumitted my tx like 4times Roll Eyes

and in less than 40minutes I got 6+ confirmations.

Zeta0S

legendary

Activity: 1890

Merit: 1031

Quote from: socks435 on January 07, 2017, 02:33:46 PM

Guys i just want to ask if this site is true https://www.viabtc.com/tools/txaccelerator/ and who already tried this if this is true or not..
Because i have already a transaction that low fee or below the default fee and in few minutes the transaction is done..
And i want to clarify if this is real working or not..

This tool got my transaction confirmed after stuck for 26 hours.
https://www.youtube.com/watch?v=TOwE2hTtxVg

OROBTC

legendary

Activity: 2940

Merit: 1865

Quote from: tribanogrami on February 12, 2017, 05:24:48 PM

I use this service 20 minutes ago. 2 transactions confirmed in 10 minute. They r fast. I like their service.

One of my transaction was multiple spend. After 32 hours didnt confirmed. There are 4 transactions before my tx. First via 4 transactions after 1 hour my multiple transaction is confirmed too.

Im glad to use this service and recommended.

Were your two confirmed transactions confirmed by another mining pool (ie not ViaBTC)?

I had a few small transactions (w/ fee of BTC0.0001 each) confirmed before a block won by ViaBTC came along. I am curious as to how ViaBTC would be able to do that.

But, good on ViaBTC to offer such a service!

tribanogrami

sr. member

Activity: 490

Merit: 251

Revolutionizing Brokerage of Personal Data

I use this service 20 minutes ago. 2 transactions confirmed in 10 minute. They r fast. I like their service.

One of my transaction was multiple spend. After 32 hours didnt confirmed. There are 4 transactions before my tx. First via 4 transactions after 1 hour my multiple transaction is confirmed too.

Im glad to use this service and recommended.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Quote from: ranlo on February 11, 2017, 09:59:56 PM

Quote from: Undermood on February 10, 2017, 10:37:50 PM

I don't know how long this service can sustain! The viabtc gives the priority to include low fees tx rather than normal and higher fees ones. They will reveived lower mining reward comparing with the situation of including standard fees tx. But I appreciated their attention but shouldn't be abbused. Some people purposely sent low fees tx.

Considering it's only a small number they push at once, it will have zero effect. At least read the site before you make random comments like this.

Exactly what ranlo said. This service has a limit a "maximum of 100 TXs submitted can be accelerated every hour".
It is more like small side project for testing purposes than real service trying to help everyone with their non confirmed transactions.
When this service become widely known it will be impossible to accelerate your TX with 100 TX per hour limit.

ranlo

legendary

Activity: 1988

Merit: 1007

Quote from: Undermood on February 10, 2017, 10:37:50 PM

I don't know how long this service can sustain! The viabtc gives the priority to include low fees tx rather than normal and higher fees ones. They will reveived lower mining reward comparing with the situation of including standard fees tx. But I appreciated their attention but shouldn't be abbused. Some people purposely sent low fees tx.

Considering it's only a small number they push at once, it will have zero effect. At least read the site before you make random comments like this.

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

Quote from: Undermood on February 10, 2017, 10:37:50 PM

I don't know how long this service can sustain! The viabtc gives the priority to include low fees tx rather than normal and higher fees ones. They will reveived lower mining reward comparing with the situation of including standard fees tx. But I appreciated their attention but shouldn't be abbused. Some people purposely sent low fees tx.

You think they did not thought about it prior releasing their service ?

Undermood

legendary

Activity: 950

Merit: 1000

I don't know how long this service can sustain! The viabtc gives the priority to include low fees tx rather than normal and higher fees ones. They will reveived lower mining reward comparing with the situation of including standard fees tx. But I appreciated their attention but shouldn't be abbused. Some people purposely sent low fees tx.

OROBTC

legendary

Activity: 2940

Merit: 1865

Quote from: BitHodler on February 09, 2017, 07:44:01 PM

Quote from: sir.humus on February 09, 2017, 03:00:29 PM

ViaBTC's Transaction Accelerator works and can be used to unstuck even very old transactions.
But this feature is potentially open to abuse. Since they claim 100tx per hour, it would take just ~66 of such spam transactions to completely fill a viaBTC block. Furthermore, an attacker could craft a special low-fee slow-to-verify O(n²) transaction to include in a viaBTC block to increase the chance it gets orphaned.

ViaBTC doesn't just allow people to completely abuse their tool as they can filter out transactions they consider to be unwanted.

If they spot a pattern that might turn out to be some sort of an attack against their pool, then they can just take their tool offline to save them plenty of hassle.

I am happy that there is a large pool willing to offer a helping hand for people with transactions that barely have a chance of getting confirmed in normal circumstances. It shows goodwill that other pools are clearly lacking.

Yes, BitHodler, it is nice that a mining pool has offered to help move small-fee (BTC0.0001 or more) transactions. I "accelerated" some 10 transactions when I was stripping a mobile wallet that had small amounts in various addresses.

And, yes, it was free! I also should note that some of those transactions were confirmed BEFORE ViaBTC won a block. I have no explanation for that. Just lucky?

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

Quote from: Hazir on February 10, 2017, 08:39:13 AM

Just so you know ViaBTC is a mining pool which supports Bitcoin Unlimited.
So if you are a SegWit lover you may not want to use their services, even if it is free. Wink

I would like to test how they will manage to push big transactions containing over 400 bytes of data.
If the service will swallow them then we may have temporary solution to current "fee war".

I'm sorry but this "Bitcoin Unlimited vs SegWit" is retarded.

Just because you side with a solution (actually a hack) does not mean you have to blame the other one.

PS : this message is not for you Hazir but for the bitcoiners who sides with Segwit or BU without contributing to a real solution.

Hazir

legendary

Activity: 1596

Merit: 1005

★Nitrogensports.eu★

Just so you know ViaBTC is a mining pool which supports Bitcoin Unlimited.
So if you are a SegWit lover you may not want to use their services, even if it is free. Wink

I would like to test how they will manage to push big transactions containing over 400 bytes of data.
If the service will swallow them then we may have temporary solution to current "fee war".

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

Quote from: alani123 on February 10, 2017, 03:30:45 AM

Quote from: BuySomeBitcoins on February 09, 2017, 08:08:37 PM

Quote from: alani123 on February 09, 2017, 08:00:44 PM

About time such a service would be provided. It's quite expensive though...

it's free.

Free as in 0.0001BTC/KB fee to ViaBTC free? Regular transactions might need fees to, but those fees wouldn't need to be so high and most importantly wouldn't be directed to a predefined party. Doesn't seem too free to me.

You do not pay viaBTC for anything, they just include transaction with a decent bitcoin fee.
In other words, they will not accelerate transactions with low fees.

when you submit a trx for acceleration, viaBTC won't ask you for any payment.

so yes, the service is FREE.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

Quote from: BuySomeBitcoins on February 09, 2017, 08:08:37 PM

Quote from: alani123 on February 09, 2017, 08:00:44 PM

About time such a service would be provided. It's quite expensive though...

it's free.

Free as in 0.0001BTC/KB fee to ViaBTC free? Regular transactions might need fees to, but those fees wouldn't need to be so high and most importantly wouldn't be directed to a predefined party. Doesn't seem too free to me.

BuySomeBitcoins

sr. member

Activity: 434

Merit: 253

Quote from: alani123 on February 09, 2017, 08:00:44 PM

About time such a service would be provided. It's quite expensive though...

it's free.

alani123

legendary

Activity: 2422

Merit: 1451

Leading Crypto Sports Betting & Casino Platform

About time such a service would be provided. It's quite expensive though...

Also, one could argue that it goes against the principle of network neutrality miners should maintain.

Topic: Bitcoin transaction accelerator is it true or not? - page 6. (Read 23132 times)