Topic: how do i make confirmations on blockchain faster (Read 15676 times)

Thats it, just put a lot of fees to make transaction faster that is the solution on that problem, that is why me i avoid using blockchain wallet for now because of that i used the wallet in some faucet to received and send fund to my main wallet because of low fees and quick confirmation of transaction. Just try it and prove it by your self but just choose the faucet that not scam.

if you're using blockchain wallet..when sending use advanced option..it will allow you to set your own fee...search for how to calculate bitcoin transaction fees..you will find the recommend fee dependent on the byte size of your transfer..don't be stingy or you will be waiting and waiting and waiting.

Sometimes redundancy is needed to understand something.

Agreed, though.

"pay higher fee " on 5 pages and 87 posts 

OP can you lock this topic?

Assuming you are consolidating your addresses with Bitcoin on them to minimize Inputs the only thing you can do is increase the miner fee.

https://www.viabtc.com/tools/txaccelerator/
Go to this site and fill in your transaction and they will prioritize that transaction, completely free

Exchanges usually pay appropriate fee. You don't need to worry!

If you are using exchanges or online wallets, I highly recommend you to use offline wallets. There are a few online wallets which are "okay", but use them at your own risk! You *won't* have full control over your bitcoins!

Everyone here is advising to send coins with higher fees. But can anybody explain how do I increase the amount of fee if I want to send coins from exchanges like Poloniex, Bittrex etc. where the fees are automatically decided & there is no option to change the fees manually even in the setting menu?

1. Use higher fee, to get a tx confimed you need a mining pool to confim it and normally they confirm tx with higher fee ("bounty" from the view of the pool) first.
2. use viabit tx accelerator. https://www.viabtc.com/tools/txaccelerator/ (do not use this always just in case you made a mistake with the fee)

What did you tried? Increasing the fee? You can actually changed the tx fee on advanced and that's all you have to do if you do like faster confirmations then better to pay up higher tx fee but if not then stick only to standard fee but expected waiting times would be more longer compared on higher tx fee.

Everyone says about higher fee but I googled and tried everything still cannot find anything on how to do this with blockchain web interface. May any one inlighten on this?
Btw I have 2 txs delayed for around 36 hours, the fee was like 11 s.

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.

From experience, increasing the recommended transaction fee will help your transaction confirm much faster.

I like the speed of light, if it could be made more quickly.

No. But right now, that is all that users can do to make their transactions confirm faster. There is no other option at the current time. All that users can do is pay a higher transaction fee and hope that the miners activate one of the scaling solutions available that require consensus changes.

Do you think thats the long term solution for Bitcoin?

There are two major complaints about bitcoin in 2017.

One is that transaction times are way up, thus the slowness people are experiencing.

The second is that transaction fees are way up -- now more than $1 each in most cases.

These both may indeed be big problems in the future.

Pay a higher transaction fee.

So is there any way nowadays to speed up blockchain tx?
Whenever I send money using blockchain.info web interface my tx is unconfirmed for a while, but when I get money from 3rd party websites, say virvox, tx gets like 30 confs in 2-3 hrs WTF?

I sometimes send with a 12 sat/bit and it gets confirmed in a few minutes, and sometimes with a 60 sat/bit it takes hours to confirm, it also depends on the status of the network and if there is a lot of transactions waiting to be confirmed and if they paid more fee than you or not.

0.0005 and I never have any problems.

To make your transactions faster on blockchain, you'll need to place a larger fee. Well for me, transaction time is not a problem. Even though I am only putting a small amount of fee. Usually 10K sats. It has 3 confirmations in just half an hour. So I do not need to have a larger fee. Maybe im just lucky that they confirms my transactions very fast. or maybe my transactions was not that high that they can confirm it as soon as possible. To be honest, my average transaction is 0.01 BTC. Not that much.

I just want to suggest to use Xapo wallet as they send many transactions at once and do not take any fees from you, so that helps in building big fees for a big transaction hence confirming it in seconds ( when next block gets mined ) in all the time I experienced with Xapo wallet.

Now a days I never worry for tx fees and for quicker confirmations too as I am using Xapo.

as i know,blockchain put different fee on different transaction speed,i think its what you need,you need to open blockchian wallet and put highest fee for faster transaction

you have to increase the fee if you want a faster transaction. granting a large fee would make bitcoin block easy to solve.

If you pay more fee then you will get the confirmations faster, but sometimes it will also take time because of crowd transactions, as one time I paid a good fees but even in that i waited for more than 2 hours to get first confirmation.

And even if you have paid .0001 like I do and sometimes even less then there is no problem too, just it takes maximum one hour to get confirmations. Why is waiting 10-20 minutes or sometimes 1 hour is a problem for you guys ? I plan up my payments well advance, so there is no hurry for me for quicker confirmations.

Hahaha that was funny, see the transactions have increased and hence it is taking more time to confirm the same transaction that earlier used to get confirmed much quicker. So, just a little extra fees and things are fine.

You are right, and we can only do one thing from our side to fasten the confirmation time. That is to increase the fees and sometimes using the recommended fees. Though I think even if you pay .0001 then it gets confirmed quickly.

do custom transaction with more fees than standard fees.u will get faster transaction.it's so easy.just try it and then see what happen xD

with extreme caution

the length of time in between blocks and the number of confirmations is a safety margin

when Satoshi chose six confirms for bitcoin this was a fairly safe but arbitrary choice

every confirm adds safety << removing confirms introduces danger

But for me, the fees give a big effect for the transaction, ok I sure with your statement if the fees aren't only the factor for a faster transaction but maybe there is another factor can make a faster transaction. but the fees giving the biggest contribution to pulling the transaction is getting fast.

how can the age of the coin have an impact on the transaction speed and making it faster? i would really like to know how transactions speeds are connected with coin age as i have never heard about such thing

i think if you want to make your transactions really fast then just include a bigger miners fee, for example in the blovkvhain.info wallet when you adjust the fees you can see the estimated confirmation time

The fees aren't the only factor for a faster transaction.
The age of the coin is also considered, plus the size of the transaction too. And I agree "transaction size" and "fees included" are directly connected.

Yes and to those who do not know even if you use blockchain there is a option to send transactions with custom fees, which enables quick confirmations, actually sending with high fees usually ensures that your transaction will be included into next block hopefully.

Put higher fee is the only thing that can help your transactions get a faster confirmation. I have no idea about the other way to make the transaction run faster.

I guess if you want to send money to the confirmation prompt, then you may have to send bitoin with small nominal, because in my experience, a large amount of the transaction would create very long confirmation

lol
blocks only accept ~2500 transactions..

is lauda really trying to falsely suggest that if 5,000 people transacting at the same time all paid $1(big premium), all of their transactions would get settled in the next 10 minutes(magically all squeeze in because they paid a premium).. sorry but thats just not possible.
is lauda really trying to falsely suggest that if 5,000 people transacting at the same time all paid $1(big premium), all of their transactions would get settled 20 minutes... sorry but thats just not possible.

imagine it.. 5000tx pay $1 fee.. the next block is block 419,500
now another new 5000tx want to go through, this time they pay $1.01, with the next block being 419,501
now another new 5000tx want to go through, this time they pay $1.02, with the next block being 419,502
now another new 5000tx want to go through, this time they pay $1.03, with the next block being 419,503
now another new 5000tx want to go through, this time they pay $1.04, with the next block being 419,504

now imagine for the next few hours there were no new transactions.. allowing the network to catch up..
lauda i want you to do this:
tell people using blocknumber examples and transactions accepted and fees used for those transactions. what order you think the transactions would settle


hang on i know he wont.... hell ill do it for him

419,500: 2500tx pay $1
419,501: 2500tx pay $1.01
419,502: 2500tx pay $1.02
419,503: 2500tx pay $1.03
419,504: 2500tx pay $1.04
419,505: 2500tx pay $1.04
419,506: 2500tx pay $1.03
419,507: 2500tx pay $1.02
419,508: 2500tx pay $1.01
419,509: 2500tx pay $1

the whole premiss of "just pay more" guarantees NOTHING because if everyone is "just paying more" then its just a vicious circle

that is a slice of reality that shows even paying large sums doesnt make everyone be on equal grounds. doesnt make everyone happy..
as you can see.. people that transacted at the time before 419,500.. half of them were waiting 9blocks, thats even with a $1 fee

dont you get it yet lauda

How about doing some research instead of posting here? Any user should be aware of how the fee system works and any decent user would know better than to use online wallets.

Yes, transactions get 'delayed' at times because their priority is low due to the low fee.

No. Adding a fee that equals the recommended fee (in satoshis/byte) at the time (or even a higher fee) will make your TX confirm very quickly.

maybe that happen when the fee is too low,i ever experienced it but only take 1 hours with low fee as low 0.00005 ,quite regret about it,
increasing transaction fee will not clearly answer as bitcoin's fee per byte always changing see this site bitcoinfees.21.com as many people mentioned it on this forum

Is it true? long as I use blockchain with standar fee course has never been that long. the longest half hour. But according to the article I read, you can speed up transactions by increasing the transaction fee. Thank you

Wrong. Custom fees are also a way of paying more and gaining higher priority. What you should not be doing is paying some sort of 'standard fee'.

You really have no clue what you're talking about.

The developers have no role in that assessment. Zero confirmation transactions are acceptable for negligible amounts I'd say.

Pay moar fee, u pesky spammer.

another way to make it faster is to get a confidence factor for every unconfirmed transaction. This allows merchants and developers to assess the risk of accepting a transaction within milliseconds.

I think the thing that affects of confirmation was blocked because of mining, mining block is indeed the Foundation of any transaction which is in bitcoin. In mining every block always confirm that the transaction is done right or wrong and the miners will confirm. so it depends on the research process and confirmation is done in block

You can faster this process by paying more fees and not using the custom fees. You have to use the recommend fees by the blockchain network which is 0.0001 btc....

Well, if you're experiencing problems with your transaction in terms of its priority, then try to increase your fees to double or even triple the recommended transaction fees on bitcoin network.

But you can't really control when blocks are mined, so if you're already paying enough fees, you can't really do anything about it.

Man save your advice to your self. IGNORE POST LIKE THIS NEXT TIME

i think there isnt a way to do it,you have to wait. i suggest you to do transactions at night because there are faster

Couldn't you just read a different thread on the subject?
There are plenty about.
Too much trouble for you?

"is there a way to the confirmation in a few mins? Say 10mins or less."
No, you clearly don't understand the basic fact that the average time to find a block is 10 minutes.
How can there be a way to get in a block in less time than that.

Do some reading first next time.

Of course it's not about luck. There's a series of algorithm followed in having a prioritized transaction over another.
Tx fees, number of inputs, coin age, these are just some of the factors that are looked at whether which among the transactions are prioritized.

same here. no problem if you pay the recommended fee.

Flat-fees are not the right answer to this situation.

Wrong. Please stop spreading false information. A flat fee is not the right answer. The queue determines priority based on the included satoshis/byte ratio. This means that this flat fee might be enough for transaction A, too much for transaction B, too little for transaction C (due to differentiating sizes).

Transaction speed has never changed. It has remained constant (near-instant, i.e. 1-3 seconds under reasonable conditions). You're talking about confirmation time.

Yeah increase the fee can increase the speed or it can change the priority into high priority if you are just paying less the minimum fee it will result medium priority or low priority.. but i think right now transaction right now is fast than before this is like the same as before january..

I think 0.005 is a little too much for tx fees even with a 0.0005 fees you get a significant faster confirmation, if the input is not high 0.0005 should be sufficient for a faster confirmation.

I think. 5mbtc is equivalent to 500k satoshi. That's why. Confirmation of blockchain is very quickly.

I think you should adjust your fee in the transaction you eant fast i think if you increase your fee.it is fastest than your ltest transaction.
But i dont know how to do that if your using otber site like coinbase haha i didnt know how to adjust so my transaction is not to fast like other sender.

~If you want faster confirmation times you will need to pay a bigger fee. That way miners will process your transactions with no delay!

man you cannot make it faster you just have to wait before it goes to you wallet and maybe there are many confirmations or transactions on the blockchain but if your Transaction has a big amount it can be go to faster the lower your transaction amount the slower it will be .

I think xapo still provides fee-free because they were doing promotion for the site of their wallets. because basically every transaction will definitely require a fee. and default fee is 0.0001 BTC.
I think the right if you want to speed up the confirmation by adding a fee

Stop using online wallets or talk to the Xapo support staff and let them know that they're improperly calculating their fees.

It is not just in 'theory', that's how the system was designed to work.

That was the system in place for 'free-transactions' and is pretty much depreciated at the moment. The main thing that matters here is the included 'satoshis/byte' fee ratio in your transaction.

That won't guarantee anything if your fee is low.

The don't use a trash-can as your wallet.

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.

don't sure with it as long the fees meet the requirement to and not too low,the result will be the same as the transaction will be included in the same blocksize,confirmations is about luckyness i guess

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.

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.

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)".

No. The transaction speed is the same regardless of the fee included. You are talking about confirmation speed.

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.

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?

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..

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.

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.

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.

Technically, you can. Most nodes don't usually relay or place the transactions into their mempool if the transaction is in their mempool UNLESS the original transaction had opt-in RBF enabled. This makes double spending significantly harder. Miners accepting them into their own mempool is another thing.

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.

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 make them faster but you can make them have better priority, better position in the queue, just pay more fee

Dude you are confusing me. Are you saying that if I send bitcoins and its showing on blockchain, I can still cancel it and balance will go back to my wallet?

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.

There's a very limited number of transactions that can be included in a block, if you pay high enough fee maybe your transaction will be included in the next block.

Before making a transaction check these sites:

http://www.bitcoinqueue.com/
https://blockchain.info/unconfirmed-transactions
https://btc.com/stats/unconfirmed-tx

I do not know if you can do fast your confirmation because the moderators validate all the securities of your transaction thats why give some patience in all you transaction online not only in bitcoin.

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 ?

Until the core team gets their head out of their asses, all you can do is include a higher transaction fee.

Just pay a higher fee to cut in line in front of the other hapless Bitcoiners waiting to use this revolutionary future of money.

You can try to make an appropriate fee because yesterday a lot of people it does not give an appropriate fee and this can make their transaction it's not confirmed or got a delay.

No. There is no such thing called a standard fee, default fee or whatever some members are trying to tell you. What 'truly' [1] matters here is the satoshis/byte included at the time and the current recommended one. The recommended fee can be found here. This means that a transaction fee (X) might be enough for transaction A, but it might be inadequate for transaction B (due to differentiating sizes).

---

[1] - This is probably not the right wording.

I sent with 5mbtc thts enough to make it faster

The only way is to include a slightly higher fee than the normal fee.

I think at the moment a normal Tx fee is about 100 bits. If you can include a 200-500bits fee that should increase the priority of your Tx and get included in a block faster.

The more fee you pay the faster it will go, so if you want to go faster pay an higher fee. I have never had a problem with Bitcoin Core's recommended fee.

In the future it will be faster with Lightning protocol. Onchain transactions in a decentralized network require resources so you have to pay for it.

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