New transaction accelerator on the market - mempool.space - page 2.

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Quote from: jrrsparkles on December 08, 2023, 04:45:43 AM

I have noticed that too the new feature and it's definitely 5 times cheaper compared to viabtc but it's not cheaper though.

I just checked the acceleration fee for a random transaction and this is the estimated fee

So just make yourself that you are using a wallet that supports RBF and CPFP then you won't end up paying $50 or $500 more than what it used to be.

Acceleration fee is very individual, depends on the transaction fees that are recommended by mempool.space at given time and depends on transaction size. So, everyone will experience individually calculated fees.

Quote from: stompix on December 08, 2023, 09:02:25 AM

Neither RBF nor CPFP are magically cures, they will only allow you some movement buy not always, and if we look right now what's happening, most of those tractions stuck that need help around are not made by users but by them claiming their coins from a service, and good luck doing something with those.

If you are not willing to pay, RBF and CPFP are not cures but if you are willing to pay, then, they are. To be fair, as you said, problem are transactions made by 3rd parties that send transaction with low fee and either don't support RBF or are not willing to do anything to increase transaction fee via RBF. So, these companies/services will feed transaction accelerators like mempool.space but things will probably change after Full-RBF.

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Quote from: SFR10 on December 09, 2023, 06:55:36 AM

If this is true, then you're right, but it's also worth noting that ViaBTC claims their paid service extends beyond their mining pool:

Quote
Paid Service
ViaBTC cooperates with multiple mainstream mining pools so that your transaction will be proposed and prioritized for quicker confirmation when any of our partner mining pool produces a block.

Yes, that's correct. The free service is for their own mining pool but ViaBTC's paid accelerator can include your transactions in partner blocks as well. Since several people have mentioned that the upcoming service of Mempool.space will be cheaper than ViaBTC's paid plan, I expect that Mempool.space will take a great chunk out of the pie for users looking to spend additional coins to accelerate their unconfirmed transactions.

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Quote from: Pmalek on December 08, 2023, 05:36:54 PM

Also, if it's true that Mempool.space has partnered with Foundry as the pool that includes the transactions in their blocks, you will get a quicker confirmation since Foundry has more hash power and finds more blocks than ViaBTC.

If this is true, then you're right, but it's also worth noting that ViaBTC claims their paid service extends beyond their mining pool:

Quote from: Pmalek on December 09, 2023, 04:20:39 AM
I don't understand the purpose of the waiting list. Just allow the people to create their accounts.
There are no restrictions for creating an account, but you can't use it for anything at the moment... Having said that, their "GitHub repository" appears to only have a single open issue about their accelerator, so perhaps it wouldn't take long before it's fully launched.

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Quote from: Pmalek on December 09, 2023, 04:20:39 AM

I don't understand the purpose of the waiting list. Just allow the people to create their accounts. The more users you have, the greater the chance that some of them will use your paid service, hence, you will benefit from them.

They may need more time and update some of the software related to Foundry memepool to ensure that they receive serious fees compared to the traditional payment method. I don’t know, but if they contract with several mining pools, this may lead to making memepool.space a service that has a large number of visits, so it is better for the users’ experience to be better without problems or the need to contact the support team.

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Quote from: Charles-Tim on December 09, 2023, 04:07:51 AM

I have registered since more than a week. This is what I am still seeing as I quote it in a text before.

I don't understand the purpose of the waiting list. Just allow the people to create their accounts. The more users you have, the greater the chance that some of them will use your paid service, hence, you will benefit from them.

Quote from: Charles-Tim on December 09, 2023, 04:07:51 AM

It is still 100 transactions. ViaBTC has not stopped its free accelerator service.

I think PX-Z meant that as a recommendation of what ViaBTC could do in the future. He didn't say that it it's already like that.

Quote from: mindrust on December 09, 2023, 04:12:59 AM

Yeah it is pretty ridiculous lately. I can’t move my damn sig payments for cheap. They are stuck in my wallet unless I pay $10-20 to move my damn funds. Electrum don’t even let me broadcast my transaction telling me that i am a cheapfuck who needs to raise the damn fee because greedy fuck miners say so or else they ain’t broadcasting my shiet.

Try to switch Electrum servers. Maybe you will get lucky and find one with a more suitable purging fee rate. At the moment, nodes may be deleting (and not allowing) anything that pays less than 10-11 sat/vByte. So either pay more or try to find a different server.

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Quote from: mindrust on December 09, 2023, 04:12:59 AM

Electrum don’t even let me broadcast my transaction telling me that i am a cheapfuck who needs to raise the damn fee because greedy fuck miners say so or else they ain’t broadcasting my shiet.

It is not the miners that did not let you to be able to use low fee, it is how the mempool is. Presently, nodes are rejecting transactions with fee rate of 10.7 sat/vbyte or less. As the mempool is becoming congested, so the purging will be getting higher.

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Quote from: SmartGold01 on December 03, 2023, 05:10:17 PM

The acceleration service is have used is viabtc for free it works perfectly for me but that is only when your transaction fee is less than 40 sat/byte it was share in our local board by @Charles-Tim.
The network congestion is really getting out of control, maybe when I am having issues towards confirmation I will also try their free acceleration service as well.

Yeah it is pretty ridiculous lately. I can’t move my damn sig payments for cheap. They are stuck in my wallet unless I pay $10-20 to move my damn funds. Electrum don’t even let me broadcast my transaction telling me that i am a cheapfuck who needs to raise the damn fee because greedy fuck miners say so or else they ain’t broadcasting my shiet. The devs should find a solution or bitcoin will end up way worse than legacy banking. At this point swift is cheaper and faster than btc. Wtf?

I ain’t paying you no more than 10sats/byte you greedy fukz

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Quote from: Pmalek on December 08, 2023, 05:36:54 PM

Also, if it's true that Mempool.space has partnered with Foundry as the pool that includes the transactions in their blocks, you will get a quicker confirmation since Foundry has more hash power and finds more blocks than ViaBTC. That's an advantage if the unconfirmed transaction is time-sensitive.

I have registered since more than a week. This is what I am still seeing as I quote it in a text before. This is the screenshot:

Although, I do not need a paid accelerator, I will still prefer to always use ViaBTC. My transaction will have 18.5 sat/vbyte segwit transaction, not having unconfirmed parent and not more than 500 bytes. I can wait for the transaction to get confirmed. It was only ones that the transaction got confirmation like 12 hours after I submitted my txid, it has gone back to as usual as the transaction will be confirmed in the next block that ViaBTC mine if successfully submitted. It is taking not more than 3 hours, but it depends also.

Quote from: PX-Z on December 08, 2023, 07:27:00 PM

Knowing that 2000 is the average number of transactions in a block then they cater 100 free tx every hour, it could have downside for their Pool. Either they lower the accepted free txs every hour, say 50-80 only, have a cap for free txs in a block, or they stop their free acceleration service.

It is still 100 transactions. ViaBTC has not stopped its free accelerator service.

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Quote from: stompix on December 08, 2023, 09:02:25 AM

...so there are times when there are simply no tx out there that match the requirements, as for the next block issue, it happens when ViaBTC has really bad luck and is not getting enough blocks spread across the day, they offer 100tx every hour but sometimes they don't mine a block for 6-7 hours, so not to fill the whole block with cheap tx they postpone a few of them to the next one, I read once something about a 500 cap but don't know how accurate that claim was, probably it's more about size than raw numbers.

I experienced this one when i accelerate my transaction on monday it really take how many hours before my transaction got a confirmation. Checking the last few blocks, it looks like Viabtc doesnt get one, a 1:10 ratio is not even possible, its usually the Foundry, Antpool, and others.

Knowing that 2000 is the average number of transactions in a block then they cater 100 free tx every hour, it could have downside for their Pool. Either they lower the accepted free txs every hour, say 50-80 only, have a cap for free txs in a block, or they stop their free acceleration service.

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Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

I also doubt anyone that knows ViaBTC free accelerator will want to use any paid accelerator.

Not necessarily. ViaBTC being free is a big plus. But many people know about it, which makes it the go-to place for free transaction acceleration. I am surprised that you have noticed a shorter queue on ViaBTC considering the current congested state of the mempools. Damn Ordinals! Also, if it's true that Mempool.space has partnered with Foundry as the pool that includes the transactions in their blocks, you will get a quicker confirmation since Foundry has more hash power and finds more blocks than ViaBTC. That's an advantage if the unconfirmed transaction is time-sensitive.

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Quote from: SFR10 on December 05, 2023, 09:06:14 AM

Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

I also doubt anyone that knows ViaBTC free accelerator will want to use any paid accelerator.

You have a point, but if the volume of their transaction exceeds ViaBTC's limit for their free accelerator, they have no choice but to use a paid accelerator.

I am one of those people that have paid a very low fee long time ago and the fees won't go down to that fee that I've paid for. Can't even use the free accelerator of viabtc. I ended up paying a paid service to accelerate that stuck transaction of mine because it really took long. Learning from my mistake there but at least I've got options now if the same thing happens again in the future and this time, there's this additional accelerator from mempool.space.

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Quote from: jrrsparkles on December 08, 2023, 04:45:43 AM

So just make yourself that you are using a wallet that supports RBF and CPFP then you won't end up paying $50 or $500 more than what it used to be.

Unless you're the receiving guy and it's a 5 inputs 40 output tractions that will cost you more to CPFP than what you're receiving Wink

Neither RBF nor CPFP are magically cures, they will only allow you some movement buy not always, and if we look right now what's happening, most of those tractions stuck that need help around are not made by users but by them claiming their coins from a service, and good luck doing something with those.

Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

I noticed recently that ViaBTC accelerator free submission is no more congested all of a sudden, but transaction that has been submitted successfully may not get confirmed in the next block that ViaBTC mine. It is taking longer but it will still later be confirmed.

First is the limits that have killed the demand, Viabtc has really half closed to gate, so you have to pay 20sat/vb to be sure and keep your tx under 0.5kb, plus of course no unconfirmed parents, so there are times when there are simply no tx out there that match the requirements, as for the next block issue, it happens when ViaBTC has really bad luck and is not getting enough blocks spread across the day, they offer 100tx every hour but sometimes they don't mine a block for 6-7 hours, so not to fill the whole block with cheap tx they postpone a few of them to the next one, I read once something about a 500 cap but don't know how accurate that claim was, probably it's more about size than raw numbers.

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I have noticed that too the new feature and it's definitely 5 times cheaper compared to viabtc but it's not cheaper though.

I just checked the acceleration fee for a random transaction and this is the estimated fee

So just make yourself that you are using a wallet that supports RBF and CPFP then you won't end up paying $50 or $500 more than what it used to be.

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Quote from: Synchronice on December 05, 2023, 09:36:02 AM

This business of accelerating transaction will dive down when we all support full RBF. Then, everyone will be able to speed up their own transaction without paying additional fees to these companies. Today the problem is that many people still make transaction from wallet that doesn't support RBF.

One additional use of this accelerator is when you empty your wallet and it doesn't confirm, I was tempted to ask a friend who is using a mempool.space to accelerate the transaction coming from the wallet I emptied but was lucky that the transactions confirmed, majority of wallets now have RBF so these accelerators are just another option when you cannot RBF your transaction, but we still need these accelerators in case.

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Quote from: nc50lc on December 04, 2023, 12:50:52 AM

The issue is, there's currently no user here in Bitcointalk that reported their experience with mempool.space's accelerator.
It would be great to have some legitimate feedbacks.

I am not going to spend transaction with low fee and then pay to mempool.space to accelerate it, will be a waste of money and to be honest, I think, it doesn't need any legitimate feedback, it's mempool.space after all and this service will work as advertised.

Quote from: SFR10 on December 04, 2023, 06:56:50 AM

AFAIK, their accelerator isn't fully open to the public yet ^{[the feature in question is there, but as soon as you create and verify your account, they'll put you on a waitlist (almost one week and counting...) and that means you can't even top up your account (unfortunately)]}.

Good information! I didn't know if it still wasn't fully open to the public yet. I created this thread because I saw accelerate button when I was checking one of my transaction and since it was calculating acceleration fees for every transaction, I thought it was widely ready to use. Good point again, I'll edit my ANN post.

Quote from: stompix on December 04, 2023, 09:40:19 AM

I hope they add LN payments for that, the whole thing is a bit messy for those accelerators, if you can't send or receive money because you paid a low fee and now you need to pay a higher fee to get a payment though to get that previous one confirmed it turns to ~~funny~~ situations like this one:

Imagine you have some hosted wallet on an exchange, the dumb mofos send your withdrawal to your wallet with 10sat/b and now you need to accelerate it, you only have BTC there so you make another payment to mempool.space but again, the idiots send the tx with 10sat/b. So you need to accelerate the tx that should have paid for the acceleration Grin

This business of accelerating transaction will dive down when we all support full RBF. Then, everyone will be able to speed up their own transaction without paying additional fees to these companies. Today the problem is that many people still make transaction from wallet that doesn't support RBF.

Quote from: adaseb on December 04, 2023, 11:44:05 AM

So how much do we save by using this service?

You are nto saving by using this service. There are times when you don't have enabled RBF and you need to accelerate your transaction. The problem is that every accelerator asks you for enormously high fees and mempool.space offers very competitive prices compared to them.

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Quote from: stompix on December 04, 2023, 09:40:19 AM

I hope they add LN payments for that,

In addition to that, supporting payments with other alternative cryptocurrencies that have lower average TX fees will also come in handy.

Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

I also doubt anyone that knows ViaBTC free accelerator will want to use any paid accelerator.

You have a point, but if the volume of their transaction exceeds ViaBTC's limit for their free accelerator, they have no choice but to use a paid accelerator.

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Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

Quote from: nc50lc on December 04, 2023, 12:50:52 AM

The issue is, there's currently no user here in Bitcointalk that reported their experience with mempool.space's accelerator.
It would be great to have some legitimate feedbacks.

Since I have registered an account with mempool.space since some days ago, this has been what was displayed anytime I signed in:

Mine was about a week ago and it's still in their waiting list.
And now, they've even changed the default overview page from "deposit/balance" into "become a sponsor" links.
Perhaps they're suggesting that their sponsors have an advantage or currently required to make it in.

Quote from: Charles-Tim on December 04, 2023, 10:28:16 AM

I noticed recently that ViaBTC accelerator free submission is no more congested all of a sudden, but transaction that has been submitted successfully may not get confirmed in the next block that ViaBTC mine. It is taking longer but it will still later be confirmed.

Yeah, bots for some reason, cannot solve the new captcha.
For now, only legitimate users are competing with the 100 free acceleration slots/hr.

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Quote from: adaseb on December 04, 2023, 11:44:05 AM

So how much do we save by using this service?

Say your transaction is 100 sat/byte currently and by using this service how much will it cost effectively?

I don't really get why they would offer a service like this when they can just process the higher transaction fees instead of getting paid less than what they can get on the mempool. Can someone explain what the benefit is to the pool exactly?

Because people will essentially be paying at a premium price. Took a quick look at their pricing and there is a fixed 100K sats as a mempool.space fee among other things -- emphasis on among other things as there is more depending on the transaction/options you choose.

With that said, you don't save anything, the service is more of a desperate attempt/last resort if the situation calls for it. If you wanna save, best to use viabtc's free transaction accelerator and setup your transaction in such a way that it meets viabtc's conditions.

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Quote from: Charles-Tim on December 03, 2023, 06:06:37 PM

Quote from: SmartGold01 on December 03, 2023, 05:10:17 PM

The acceleration service is have used is viabtc for free it works perfectly for me but that is only when your transaction fee is less than 40 sat/byte

I think this is a typo. The fee should be at least not less than 10 sat/byte. The transaction must also not be more than 500 bytes. Also the transaction must not have unconfirmed parent.

Yeah sorry my bad..
I also used it today to accelerate my transaction and this time around I sat it at 50 sat/byte and it confirmed within some minutes or an hour thereabouts, at least this saves some outrageous fee being spent at the cost of withdrawing one's btc to exchange.
But will this ever stop?

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So how much do we save by using this service?

Say your transaction is 100 sat/byte currently and by using this service how much will it cost effectively?

I don't really get why they would offer a service like this when they can just process the higher transaction fees instead of getting paid less than what they can get on the mempool. Can someone explain what the benefit is to the pool exactly?

Topic: New transaction accelerator on the market - mempool.space - page 2. (Read 694 times)