Topic: how do i make confirmations on blockchain faster - page 4. (Read 15661 times)
IF your bitcoin wallet has the option to add transaction fee. Pay a big transaction Fee and your confirmation will be faster. But some wallet like coins.ph doesnt have that option.
I will like to know how I can make my confirmations on blockchain faster. Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
the only way you can make the confirmation faster is by paying the fee higher, but don't pay too high. anyway how much fee did you pay?That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
In theory, the higher the fees are paid, your transaction will have higher priority over the network.
Priority is based on the age of the inputs and the number of inputs. So if your output is made up of loads of small inputs, and the result is a big kilobyte transaction, you are going to struggle.
People need to enable coin control, and only send the oldest coins. That way their priority increases.
Welcome to the major problem of bitcoin, my friend: the limitation of transactions per second. For more than Blockchain Bitcoin network will prove to be safe, you can not process many transactions per second.
The best solution for your case will be paying higher rates. In theory, the higher the fees are paid, your transaction will have higher priority over the network.
The best solution for your case will be paying higher rates. In theory, the higher the fees are paid, your transaction will have higher priority over the network.
I also have the same problem nowadays, the confirmations are taking much longer time, some people are saying that it is because we pay less fees, but in xapo there is no any option for transaction fee.
As my experience in sending and receiving bitcoin default fee is enough you don't need to increase the fee its the same result.. the transaction is always depends in miners if they can confirm it fast or not..
This is wrong. You don't know what you're talking about. The 'default fee' is pointless. The priority of your transaction is dependent on your fee, and not whether "miners can confirm it fast or not)".But don't reduce your miners fee to below default because it can reduce the speed of your transaction..
No. The transaction speed is the same regardless of the fee included. You are talking about confirmation speed.Also i tried sending bitcoin in the same company like electrum to electrum wallet the speed is fast than sending outside like electrum to coinbase or electrum to xapo.. it takes a long time for me..
Nonsense. The same amount of time is required regardless of whether you're sending from Electrum to Electrum, Electrum to Core or whatever. The difference there is that some of those services require multiple confirmations before they update your balance (e.g. Bitstamp requires 3).
I am using Electrum desktop wallet and it has an automatic feature it already chooses the best dynamic fee for the transaction I am sending, usually the time of 1 confirmation for me by using this wallet is 10-30 minutes maximum, same with Multibit, but I think web wallets should be a problem in this regard, I know XAPO pay their users fee so XAPO transactions take longer, same should be with blockchain.info. Anyway if you stick to Electrum for example you will have relatively very fast transactions in 10-30 minute time 99.99% of the time.
I will like to know how I can make my confirmations on blockchain faster. Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
the only way you can make the confirmation faster is by paying the fee higher, but don't pay too high. anyway how much fee did you pay? That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
As my experience in sending and receiving bitcoin default fee is enough you don't need to increase the fee its the same result.. the transaction is always depends in miners if they can confirm it fast or not..
But don't reduce your miners fee to below default because it can reduce the speed of your transaction..
Also i tried sending bitcoin in the same company like electrum to electrum wallet the speed is fast than sending outside like electrum to coinbase or electrum to xapo.. it takes a long time for me..
But don't reduce your miners fee to below default because it can reduce the speed of your transaction..
Also i tried sending bitcoin in the same company like electrum to electrum wallet the speed is fast than sending outside like electrum to coinbase or electrum to xapo.. it takes a long time for me..
It's seems that at the moment, there's no other way but to pay a premium if you want your transactions to be ahead of the queue.
There is no such thing as 'pay a premium' now. The system has always worked like this. The amount of fees included will determine your priority. All those people that complained about their transactions not confirming have used the wrong fee setting.I read somewhere that bitcoin is still lagging behind paypal in terms of transaction volume, partly because of how their transaction speed takes place.
A decentralized system is not an efficient system. Everyone should know that. Bitcoin is far behind Paypal and the likes of Visa when it comes to the transaction capacity. This will be improved in the future though.Can't you just doublespend it with a higher fee on the new tx?
That's not as easy as you think, else people would constantly be doing it. You would have to spend the same input twice, and one would obviously get dropped as soon as one is included into a block.
To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.
You can't. Once you send it, that's done and you can't alter it anymore.
I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain
You can't. Once you send it, that's done and you can't alter it anymore.
Can't you just doublespend it with a higher fee on the new tx?
I will like to know how I can make my confirmations on blockchain faster. Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
Just send it with a higher fee. Normally confirmations on blockchain won't take that long unless the blokchain is busy, if that happens, you can't reall do anything about it but to wait. That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.
You can't. Once you send it, that's done and you can't alter it anymore.
I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain
You can't. Once you send it, that's done and you can't alter it anymore.
Can't you just doublespend it with a higher fee on the new tx?
As far as I know, the higher fee you pay to the miner, the more faster your transaction's confirmations will be.
It's seems that at the moment, there's no other way but to pay a premium if you want your transactions to be ahead of the queue. It would be nice if they could even cut the time in half. That would really help increase the number of transactions. I read somewhere that bitcoin is still lagging behind paypal in terms of transaction volume, partly because of how their transaction speed takes place.
To get your transactions confirm faster, try paying a higher fee than the usual amount that your wallet client suggests. By doing so, the network places your transaction into higher priority.
You can't. Once you send it, that's done and you can't alter it anymore.
I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain
You can't. Once you send it, that's done and you can't alter it anymore.
you can't make them faster but you can make them have better priority, better position in the queue, just pay more fee
I have been waiting for a particular transaction for close to 3hours now. How do I pay more fees since its on blockchain 
you can't make them faster but you can make them have better priority, better position in the queue, just pay more fee
Also, if the transaction fees is say 0.000002btc and its on blockchain and I want it faster , how i send additional 0.0005btc to add up to transaction fees to make it faster ?
Currently, there is very little you can do. You can remove your transaction so your wallet does not rebroadcast it anymore and wait for miners to remove your transaction from their mempool before you send again with the same inputs and higher fee, but this should take over one day before miners remove your transaction from their mempool so it is not considered doublespend.
RBF (replace by fee) transaction could work, but no wallet implemented it so far. And child pays for parent method where you spend unconfirmed transaction with higher fee does not work as well, as very few miners look for these fees.
Also, if the transaction fees is say 0.000002btc and its on blockchain and I want it faster , how i send additional 0.0005btc to add up to transaction fees to make it faster ?
Currently, there is very little you can do. You can remove your transaction so your wallet does not rebroadcast it anymore and wait for miners to remove your transaction from their mempool before you send again with the same inputs and higher fee, but this should take over one day before miners remove your transaction from their mempool so it is not considered doublespend.
RBF (replace by fee) transaction could work, but no wallet implemented it so far. And child pays for parent method where you spend unconfirmed transaction with higher fee does not work as well, as very few miners look for these fees.
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