Topic: I do not trust ViaBTC free accelerator anymore - page 5. (Read 1141 times)

Bitcoin mempool has now more numbers of bitcoin transactions it can process per seconds and the only way to overcome it is using more fees to get your transaction quicker. When a transaction remain long in in the mempool, is because the transaction fee they use is less than what the miners are asking for that particular time and it has nothing to do with PEPE tokens and other meme coins, they are shit coins that are independtly on another blockchain like Ethereum and Binance smart chain.

However, we have some meme tokens are ordinals inscription on the bitcoin inputs as metadata. Since bitcoin is an open source, people are allow to create meta data in their transaction as file and this input files are so heavy that you need to pay high fees to get this transaction confirm from miners and you know people love quick returns. This ordinals are the new meme in town, they are been pump with averagely making of 20x, so people are sending in and out of this ordinals with high transactions and it is also affecting ordinary bitcoin transactions, the mempool is full of high fees ordinals transactions that are competiting with transaction confirmation and hence we it is congested.

So when you see PEPE ERC20 pumping, the ordinals also pump as some people see them as meme on Bitcoin but they are not the same, it might serve the same purpose for the meme lovers but they are not the same, one is disturbing the other chains while one is spamming the bitcoin blockchain.

I will have to share my own little experience as well just with the transaction fee that was high beyond normal that we have to experience spending upto $9 to perform a single transaction in other to get it confirmed, but just as expected, things would have been reduced now to about $2 as at the last time i checked the mempool, which means that there's not going to be any last longing impact of the network congestion through the ordinals impact by increasing the transaction fee, i know a solution will soon land to end this and it will be no more a thing of concern anymore sooner.

Now back to my personal experience with the bitcoin transaction i made three days ago, which just got confirmation this morning, though i make use of low priority and then try to set the payment under static with 20sat/vbyte as transaction fee, then later i track it on mempool which the ETA was on several hours before confirmation, which lasted for three days, i wanted to boost the transaction using viabtc mining pool but was not going through maybe then was when the fee was still as high as over $6 not until yesterday i was able to make a success using viabtc and my transaction was added to their pool which make me experience the confirmation today, using viabtc is secured, fast and free in moments where the transaction fee is getting higher.

ViaBTC is a mining pools. Mining pool or miners that mine a block can include any transaction of their choice. If you are a friend to a someone that is operating a mining pool, the person can decide to include your transaction in any block that the mining pool mines, even if you pay a very low fee or no fee at all. That is how mining pool is, they can include any transaction of their choice.

Assuming the mempool is congested up to 200 sat/vbyte, and your transaction used 18 sat/vbyte. If your txid is submitted on ViaBTC free accelerator and it is successfully submit as the transaction is not more than 500 bytes and the fee paid is more than 10 sat/byte. You transaction would be included in a block and be confirmed anytime ViaBTC mine a block.

Thanks for very much sir for the link, but although I have to confess some of the terminology there makes it a little bit hard to understand the whole context but I think I do grab the basics and will my time to actually go through the terms and find out the meaning of Google so I can properly understand some of the information passed there, if not it would be like reading useful but useless things in my head and this is also the most reason many people shy away from the tech aspects of Bitcoin technology but I believe no knowledge is a waist so I will try my best to educate myself in anyway possible in the vast knowledge that flows in this crypto or should I say Bitcoin community.

You got it right until the PEPE part. Bitcoin is unrelated to the PEPE token — one is Bitcoin (no better term, really) and the other one is an outright shitcoin. This isn't the first time Bitcoin's mempool has had bottlenecks. It often happens in periods where network activity is on the high side which is why scalability for Bitcoin has been one of the most popular discussions we've had in the Bitcoin community.

You can the give the Transaction pools section of the Bitcoin Book a read. You don't have to read all chapters to understand. 

Although I don't know much about Bitcoin transactions tech but I am pretty sure that the mempool is currently facing lots of transaction congestion due to the high rate of requested transaction caused by the use of the Bitcoin Blockchain to verify transaction of some coins that are value pump like the pepe and meme coins that happened few months back and please correct if wrong. So the essence of this tool will be to either faster your transaction to be seen by miners in the Blockchain or what? Because I know that what really determine your transaction being confirmed quickly is the actual fee attached to it.  So sir I would like to know more if you don't mind explaining a little as I believe no knowledge is a waste especially when it has to do with such good information been passed.

I am not advising anyone to trust ViaBTC free accelerator anymore. This is the reason: ViaBTC free accelerator should not be trusted

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If you see other accelerators, it is either just rebroadcasting your transaction and not accelerating anything, or either is a scam if money is required. If you want a free transaction accelerator, you can use ViaBTC. I bring it to Nigeria local biard for you people to see it.

Some people may think it is hard to do, but it is not hard. Just copy your bitcoin txid and paste it on ViaBTC free accelerator and submit it. If you meet the criteria require for your transaction to be accelerated, it would be successful, but if you do not meet it, the transaction would be rejected.

The transaction accelerator: https://www.viabtc.com/tools/txaccelerator/

Rules:
The transaction must not have unconfirmed parent
Make sure your transaction is not more than 500 bytes
Make sure your transaction is having a fee of 10 sat/byte or more. For 1 input and 1 output, that would be around 19 sat/vbyte for native segwit.

Use https://mempool.space/ to know the fee rate
https://jochen-hoenicke.de/queue/#BTC,24h,weight for advanced users. Although, it is easy to know.

Use vsize calculator to calculate the transaction size: https://jlopp.github.io/bitcoin-transaction-size-calculator/

Paste your txid on https://www.blockchain.com/explorer to know the size and the fee used in byte. There are other explorers that can be used.

Use a bitcoin wallet that supports replace-by-fee so that if the fee rate used is still low (which you can see on blockchain explorer), you will be able to pump the fee.

Bitcoin open source wallets that support replace-by-fee (RBF)


If you do not know how to use ViaBTC free accelerator because the mempool is congested right now, you can post your txid here for us to help you. But some peoole may not like to post their txid because of privacy. Or wait for the next one hour if 100 transactions has been submitted already in that hour.