Curious if btc price is affecting confirmations - or lbtc problem maybe ?

NeuroticFish

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Quote from: HeRetiK on November 20, 2018, 05:39:54 AM

https://pool.viabtc.com/tools/txaccelerator/

They offer a free service where they accelerate a limited amount of transactions for free every full hour. Maybe give it a try, but be sure to submit your request at the full hour sharp, as contingents are limited. If you're successful you'll be included in the next block mined by the ViaBTC mining pool.

Also keep in mind that a transaction is accepted by them for free acceleration only if it has the tx fee at least 0.0001 BTC/KB (10 Sat/Byte), which may not be the case here...

HeRetiK

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Large price moves such as we've seen the last few days (regardless if up or down) often lead to an increase in transactions due to people moving their coins to and from exchanges. In that price movements do indirectly influence confirmation times or rather the transaction fee to be paid for a timely transaction. As long as the transaction shows up on the blockchain explorer of your choice I wouldn't worry to much, the coins will arrive eventually.

If you're in a hurry and assuming localbitcoins paid a low, yet sufficient fee, you can give the ViaBTC transaction accelerator a try:

https://pool.viabtc.com/tools/txaccelerator/

They offer a free service where they accelerate a limited amount of transactions for free every full hour. Maybe give it a try, but be sure to submit your request at the full hour sharp, as contingents are limited. If you're successful you'll be included in the next block mined by the ViaBTC mining pool.

mocacinno

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Quote from: buyingcoinintn on November 20, 2018, 04:06:59 AM

As title says, just curious if the current price is affecting confirmations ? Asking because some btc was sent to me from a wallet where there is no way to increase the fee, as far as I know anyway, but in the past it's taken 20-30 minutes tops. This time, and of course the one time I really needed the money, it's been around 15-16 hours or so and appears zero confirmations.
Only reason I wonder if it's a localbitcoin.com problem is for the last couple of hours if I go to that transaction and click on it, I get a bad gateway error. I checked it on blockchain and seems no confirmations - I'd expect it's a miner thing but I'm too ignorant about all this to know. Just know that even tho it's only $112 or so it really sux at the moment

If you can find your transaction on an explorer like blockchain.info, it means that it has been succesfully broadcasted. However, it's possible localbitcoins didn't pay an appropriate fee.

Mind telling us how much sats/byte they added?

Lately the appropriate fee increased to ~35 sat/byte... If they didn't add an appropriately high fee, the miners won't have a lot of incentive to add your transaction to the block they're trying to solve. The less miners that are adding your transaction to the block they're trying to solve, the lower the odds of your transaction ending up in a valid block.

There are always options to speed up the confirmation:

If the tx is opt-in RBF, localbitcoins should be able to increase the fee (usually works)
localbitcoins can double spend the unspent outputs used as an input for your transaction (only small odds of working)
you can attempt a CPFP (this will cost you some money) (usually works)
you can pay a miner to include your transaction in the block he's currently trying to solve (usually works)
or you can buy a cup of coffee and just wait it out (usually works if the fee localbitcoins added isn't tooo low)

buyingcoinintn

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As title says, just curious if the current price is affecting confirmations ? Asking because some btc was sent to me from a wallet where there is no way to increase the fee, as far as I know anyway, but in the past it's taken 20-30 minutes tops. This time, and of course the one time I really needed the money, it's been around 15-16 hours or so and appears zero confirmations.
Only reason I wonder if it's a localbitcoin.com problem is for the last couple of hours if I go to that transaction and click on it, I get a bad gateway error. I checked it on blockchain and seems no confirmations - I'd expect it's a miner thing but I'm too ignorant about all this to know. Just know that even tho it's only $112 or so it really sux at the moment

Topic: Curious if btc price is affecting confirmations - or lbtc problem maybe ? (Read 157 times)