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Topic: Do payments from old coins take longer to confirm? (Read 713 times)

Foxpup

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Quote from: salfter on August 23, 2012, 04:58:36 PM

started with .0001 BTC to a Blockchain wallet on the 9th, followed by a .01 BTC transaction to the same wallet on the 15th or so. It took until the 22nd for both to be included in a block. Fees were included with both (.00004096 BTC for the first, .01 BTC for the second).

Well there's your problem. Transactions less than 0.01 BTC require a minimum fee of 0.0005 BTC to be accepted by most miners, and a fee of 0.0001 BTC just to be relayed on the chance that some miners will accept transactions with less than the required fee. I'm surprised this transaction ever got confirmed at all. You must have gotten really lucky and got a direct connection to a miner willing to process transactions that don't pay the required fee. That's the only way I can see that transaction ever confirming.

lassdas

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Do payments from old coins take longer to confirm?

Actually it's the other way around.
The older your coins are, the higher their priority is, the less fees you need to pay for them to make it into the next block.
So for coins received about a year and a half ago you shouldn't need to pay any fee at all when sending them.

Not sure why your transaction took that long.

Stephen Gornick

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Quote from: salfter on August 23, 2012, 04:58:36 PM

A couple weeks ago, I dusted off the wallet on my VPS that picked up 50 BTC from mining about a year and a half ago. (It's no longer on my VPS, BTW.) I figured I'd do some small transactions to see if it'd work...started with .0001 BTC to a Blockchain wallet on the 9th, followed by a .01 BTC transaction to the same wallet on the 15th or so. It took until the 22nd for both to be included in a block.

Almost no transactions will take more than a day or two.

If you are sending a "spam-like" transaction and then exiting (closing your client), chances are the nodes you were connected to didn't choose to relay your transaction. This normally isn't a problem as the client will re-broadcast your transaction to the network (say , ... something it might do once every half hour), and eventually a node will relay it and it will go from there.

When these transactions finally did get included it was probably then because you had left your client running long enough for it to get rebroadcasted until it does get included in a block.

The other possibility is that it had actually been included in a block just that your client wasn't caught up to synchronizing blocks and thus wasn't showing the confirmations that existed on the network.

There is a way that a transaction with newer coins could get lower priority and take longer, but after coins are a few days old, the age of the coins is no longer a factor.

salfter

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A couple weeks ago, I dusted off the wallet on my VPS that picked up 50 BTC from mining about a year and a half ago. (It's no longer on my VPS, BTW.) I figured I'd do some small transactions to see if it'd work...started with .0001 BTC to a Blockchain wallet on the 9th, followed by a .01 BTC transaction to the same wallet on the 15th or so. It took until the 22nd for both to be included in a block. Fees were included with both (.00004096 BTC for the first, .01 BTC for the second). By comparison, the .01 BTC transaction from the Blockchain wallet to my cellphone (and the transaction by which I reclaimed the send) took just a few minutes to find its way into a block. Is this normal?

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