Topic: Need help on these 3 questions! Don't think many can answer this! (Read 87 times)
Of course both the timing and fee matters in bitcoin network, The normal fee transactions are not guaranteed to be confirmed in next block but may take 24 hours maximum and if your normal fee transaction was still unconfirmed at 5pm, then there are more possiblities that the higher fee transaction will get confirmed in next block and you will see your normal fee transaction still unconfirmed
January 05, 2018, 01:21:43 AM
1. Which one will be broadcasted first in the blockchain?
as soon as you send the transaction it will be broadcast and then it takes something around 10 seconds to propagate throughout the whole bitcoin network.although there are some conditions, for example if you are sending a non-standard transaction nodes can reject it, if you pay a very low fee (like 0) nodes can reject it,...
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2. Does timing of the transaction submission plays a role?
not really.although it may play a role in a different way. for example the mempool may be empty now (less than 2000 tx) and sending a transaction with a low fee (lets say 1 satoshi/byte) can get you a confirmation in next block (10 min on average). but in a couple of hours mempool can grow big for whatever reason (bigger than 50000 tx) so paying the same fee can mean nodes rejecting your transaction or having a confirmation way too late than the next block.
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3. Does fee plays a role if everything remains the same? (both senders send 1 btc to the same address at the same time).
yes.but remember that fees are paid based on the size of the transaction in bytes not amount.
January 05, 2018, 12:53:55 AM
Good day guys! 
I have 3 question below for you fellow masters of blockchain!
Scenario: If I were to send 1 BTC to an address at today 3pm at normal fee, and another friend of mine will send 1 BTC to the same address later at today 5pm at high fee,
1. Which one will be broadcasted first in the blockchain?
2. Does timing of the transaction submission plays a role?
3. Does fee plays a role if everything remains the same? (both senders send 1 btc to the same address at the same time).
Tq!
I have 3 question below for you fellow masters of blockchain!
Scenario: If I were to send 1 BTC to an address at today 3pm at normal fee, and another friend of mine will send 1 BTC to the same address later at today 5pm at high fee,
1. Which one will be broadcasted first in the blockchain?
2. Does timing of the transaction submission plays a role?
3. Does fee plays a role if everything remains the same? (both senders send 1 btc to the same address at the same time).
Tq!
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