Topic: Bitcoin transaction accelerator is it true or not? - page 7. (Read 23116 times)
This tool is great, but let's not forget this problem should not be on the first place.
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.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.
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.
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.
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.
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..
Being a average Joe on mining and how miners choose transactions to be included into the blocks they will be mining based on the consensus, I guess this will be possible as viaBTC is a miner we can see them often in explorer, they do find bitcoin blocks. So, if we submit an unconfirmed transaction, they may help us by including our tx into their next block. 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..
If it is really working as per my understanding, I guess it would be really a big help.
Very fair point. It's worth noting, though, that technically, it doesn't go against the decentralization. The coin itself is still decentralized, whether or not a miner or two decide to custom implement block transactions. And they aren't pushing through all, just a few at a time, so it should make little difference, if any.
It's not about decentralisation as such, it's purely usability. If you have to go to a third party to get something done that you could previously do entirely on your own with Bitcoin, then that signals that something's broken somewhere.
The service is free.
I made lots of tests, and it works great,
Great to know its free and handy tool(service)I made lots of tests, and it works great,
Do you really need THAT fast of a transaction though?
I searched on their page...and found exactly why this accelerator is being provided as a 'service':
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
I guess increasing transaction fees from your wallet should naturally fix this but what's the difference between re-broadcasting a TX and pushing a tx to using ViaBTCI searched on their page...and found exactly why this accelerator is being provided as a 'service':
Quote
that includes a minimum 0.0001BTC/KB fee to ViaBTC
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
Rebroadcasting requires paying a higher fee. Using this system allows you to just make it priority (if they mine a block) without increasing the fee. So it's a free alternative, but may or may not make an impact, depending on backlog/whether or not they mine the block.
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..
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..
you can read in rule viabtc.com
you must ready transaction, after transaction you can sending txid in viabtc
after sending txid you must donation 10k satoshi/kb
standard transaction bitcoin sending only 25K satoshi/kb
if you want very fast transaction you can use 90k satoshi/kb
The link given above is a tools which is they can speeding up your transaction that i think its working fine for me because if the transaction is to long to process in 10k sat per kb i will use their service and its fine for me.. no selection like you said 25k or 90k sat i cant seen that option..
The service is free.
I made lots of tests, and it works great,
Great to know its free and handy tool(service)I made lots of tests, and it works great,
Do you really need THAT fast of a transaction though?
I searched on their page...and found exactly why this accelerator is being provided as a 'service':
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
I guess increasing transaction fees from your wallet should naturally fix this but what's the difference between re-broadcasting a TX and pushing a tx to using ViaBTCI searched on their page...and found exactly why this accelerator is being provided as a 'service':
Quote
that includes a minimum 0.0001BTC/KB fee to ViaBTC
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
Rebroadcasting requires paying a higher fee. Using this system allows you to just make it priority (if they mine a block) without increasing the fee. So it's a free alternative, but may or may not make an impact, depending on backlog/whether or not they mine the block.
The service is free.
I made lots of tests, and it works great,
Great to know its free and handy tool(service)I made lots of tests, and it works great,
Do you really need THAT fast of a transaction though?
I searched on their page...and found exactly why this accelerator is being provided as a 'service':
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
I guess increasing transaction fees from your wallet should naturally fix this but what's the difference between re-broadcasting a TX and pushing a tx to using ViaBTCI searched on their page...and found exactly why this accelerator is being provided as a 'service':
Quote
that includes a minimum 0.0001BTC/KB fee to ViaBTC
They're just looking for money. Save yourself the hassle and conduct your tx's naturally
I've heard of a fair few people making use of it. It kind of feels like the tip of the iceberg to me though. Unless summat gets sorted out bitcoin will be smothered by 'bespoke' blockchain services doing what the raw chain should be doing itself.
Very fair point. It's worth noting, though, that technically, it doesn't go against the decentralization. The coin itself is still decentralized, whether or not a miner or two decide to custom implement block transactions. And they aren't pushing through all, just a few at a time, so it should make little difference, if any.
I am using this as well, but keep in mind make sure it really mining viabtc really active, at least when getting a lot of new transactions has not been confirmed, you can wait mining tools they become active and enter tx id after the transaction so that they can enter your transactions when they found the block
I've heard of a fair few people making use of it. It kind of feels like the tip of the iceberg to me though. Unless summat gets sorted out bitcoin will be smothered by 'bespoke' blockchain services doing what the raw chain should be doing itself.
The service is free.
I made lots of tests, and it works great, had a couple of clients contacting us about late confirmations, we use viabtc accelerator link and the result was quite amazing.
I made lots of tests, and it works great, had a couple of clients contacting us about late confirmations, we use viabtc accelerator link and the result was quite amazing.
snip
No fee...
You make any standard BTC TX and pay the minimum network fee on it..
If things are chaotic at the time then often min fee is not enough to get your TX into the next block or the next 5 blocks..
VIABTC is a mining pool, big one..
You enter your TX into their tool and they will make sure to include that TX in their hashing, the next time the pool (VIABTC) finds a block, it makes sure your TX is in that block, and you get your first confirmation, your TX in the blockchain..
FREE
...
I just tried out the tool: put in my trx number for a small amount of BTC with a BTC0.0001 fee. I just did this, so I will check to see if ViaBTC wins a block later this afternoon/evening.
I have several small transactions out at a time for BTC0.001 - BTC0.0014 from my iPhone blockchain.info app. I am having a LOT of trouble getting my remaining BTC (0.025 or so left) out of there, the app will not let me send out trx larger than BTC0.0014 without an error...
Someone (on another thread) mentioned doing this for ME, very kind of them, so I will try this out on my own. Else, my trx for BTC0.0001 fees (generated by my iPhone app, cannot change it) take DAYS to confirm.
EDIT: Added three more transactions
I just tried out the tool: put in my trx number for a small amount of BTC with a BTC0.0001 fee. I just did this, so I will check to see if ViaBTC wins a block later this afternoon/evening.
I have several small transactions out at a time for BTC0.001 - BTC0.0014 from my iPhone blockchain.info app. I am having a LOT of trouble getting my remaining BTC (0.025 or so left) out of there, the app will not let me send out trx larger than BTC0.0014 without an error...
Someone (on another thread) mentioned doing this for ME, very kind of them, so I will try this out on my own. Else, my trx for BTC0.0001 fees (generated by my iPhone app, cannot change it) take DAYS to confirm.
EDIT: Added three more transactions
I'm interested to use this service, but how to use them? First thing to do is make a transaction right? Where i need to pay tx fees? When i used desktop wallet.
If you ever happen to make a transaction and it isn't confirming in the next block(s) right away, THEN use this tool to help it get it's first confirmation..
You never pay a fee to this tool, but, if you are trying to send with no fee this tool will not help you...
Put it this way...
When Bitcoin gets bogged down, overloaded with transactions, if you want your TX to confirm in a reasonable time you have to add a higher fee to your TX like 50k sat or 100k sat, or just use the standard 10k sat fee and push the TX to VIABTC pool with this tool, it may still skip a few blocks that other miners/pools hit, but the next block found by VIA will confirm your TX..
It doesn't really "accelerate" transactions.
When you submit your transaction to that page your transaction will be included in a block mined by ViaBTC, so if they mines a block a hour after you submitted your transaction there's a chance that your transaction will be included in that block.
But sometimes ViaBTC (or any other pool, really) can take a long time to find a block, when that happens your transaction will have to wait normally like any other transactions until ViaBTC find a block and includes your transaction in it.
I guess it does work since the transaction you "accelerated" was mined by ViaBTC.
So basically viabtc is just a group of people charging fee to include you transaction in their pool and for it to be confirmed faster than a transaction which isn't put in their pool they have to mine or include it first in their next block? So then it's just prioritizing the transaction but it still doesn't guarantee that a non accelerated transaction will confirm first than the transactiocthat was sent in viabtc?When you submit your transaction to that page your transaction will be included in a block mined by ViaBTC, so if they mines a block a hour after you submitted your transaction there's a chance that your transaction will be included in that block.
But sometimes ViaBTC (or any other pool, really) can take a long time to find a block, when that happens your transaction will have to wait normally like any other transactions until ViaBTC find a block and includes your transaction in it.
I guess it does work since the transaction you "accelerated" was mined by ViaBTC.
No fee...
You make any standard BTC TX and pay the minimum network fee on it..
If things are chaotic at the time then often min fee is not enough to get your TX into the next block or the next 5 blocks..
VIABTC is a mining pool, big one..
You enter your TX into their tool and they will make sure to include that TX in their hashing, the next time the pool (VIABTC) finds a block, it makes sure your TX is in that block, and you get your first confirmation, your TX in the blockchain..
FREE
@john2231 Great to know, the estimate received time is more faster used accelerator.
What i can see is that's right, they push your transaction which used their service to be faster confirmed than other, looks like their use a queue list for your transaction to be accelerate.
Like you said, there's no guarantee, but at least you pay fixed fee + your transaction accelerate.
I'm interested to use this service, but how to use them? First thing to do is make a transaction right? Where i need to pay tx fees? When i used desktop wallet.
*snip*
So basically viabtc is just a group of people charging fee to include you transaction in their pool and for it to be confirmed faster than a transaction which isn't put in their pool they have to mine or include it first in their next block? So then it's just prioritizing the transaction but it still doesn't guarantee that a non accelerated transaction will confirm first than the transactiocthat was sent in viabtc?
So basically viabtc is just a group of people charging fee to include you transaction in their pool and for it to be confirmed faster than a transaction which isn't put in their pool they have to mine or include it first in their next block? So then it's just prioritizing the transaction but it still doesn't guarantee that a non accelerated transaction will confirm first than the transactiocthat was sent in viabtc?
What i can see is that's right, they push your transaction which used their service to be faster confirmed than other, looks like their use a queue list for your transaction to be accelerate.
Like you said, there's no guarantee, but at least you pay fixed fee + your transaction accelerate.
*snip*
No you don't have to pay anything other than the min fee on your TX in the first place, but if it's under the min fee this will not help you..
No you don't have to pay anything other than the min fee on your TX in the first place, but if it's under the min fee this will not help you..
I'm interested to use this service, but how to use them? First thing to do is make a transaction right? Where i need to pay tx fees? When i used desktop wallet.
It doesn't really "accelerate" transactions.
When you submit your transaction to that page your transaction will be included in a block mined by ViaBTC, so if they mines a block a hour after you submitted your transaction there's a chance that your transaction will be included in that block.
But sometimes ViaBTC (or any other pool, really) can take a long time to find a block, when that happens your transaction will have to wait normally like any other transactions until ViaBTC find a block and includes your transaction in it.
I guess it does work since the transaction you "accelerated" was mined by ViaBTC.
So basically viabtc is just a group of people charging fee to include you transaction in their pool and for it to be confirmed faster than a transaction which isn't put in their pool they have to mine or include it first in their next block? So then it's just prioritizing the transaction but it still doesn't guarantee that a non accelerated transaction will confirm first than the transactiocthat was sent in viabtc? When you submit your transaction to that page your transaction will be included in a block mined by ViaBTC, so if they mines a block a hour after you submitted your transaction there's a chance that your transaction will be included in that block.
But sometimes ViaBTC (or any other pool, really) can take a long time to find a block, when that happens your transaction will have to wait normally like any other transactions until ViaBTC find a block and includes your transaction in it.
I guess it does work since the transaction you "accelerated" was mined by ViaBTC.
During the big dump when there were 50k+ unconfirmed transactions waiting I sent with a standard 10k sat fee at the time the average fee for TXs getting confirmed was something like 350k sat..
My 10k sat fee TX was stuck and I used this accelerator and IT WORKED!!!
Worked like a charm and has worked more since..
Now that I know about this TX accelerator I would ALWAYS just use the min fee and bump it with this.
I'm stingy with my TX fees like that because every satoshi adds up, and I put in quite the effort to add up the satoshis..
This is one of the best crypto tools I have found and have it bookmarked..
No you don't have to pay anything other than the min fee on your TX in the first place, but if it's under the min fee this will not help you..
My 10k sat fee TX was stuck and I used this accelerator and IT WORKED!!!
Worked like a charm and has worked more since..
Now that I know about this TX accelerator I would ALWAYS just use the min fee and bump it with this.
I'm stingy with my TX fees like that because every satoshi adds up, and I put in quite the effort to add up the satoshis..
This is one of the best crypto tools I have found and have it bookmarked..
No you don't have to pay anything other than the min fee on your TX in the first place, but if it's under the min fee this will not help you..
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