Topic: Newbie should learn from this fast confirmed transactions tricks (Read 232 times)

This is cool, never heard of it before. But my transactions did not stuck that long, so I never worried about the transaction getting confirmed. If my transaction got delayed, I would rather increase the fees than use any kind of help from a third party with my valuable bitcoin. Before testing it on a bitcoin transaction, I will learn more about that Viabtc.

I may be wrong for you but as I've said, that's the usual requirement they have. So before this network fees have increased, that's all what it takes but way back then, you'll get confirmed by the miners even just for a 1 sat/byte fee but if you're in a hurry you have to opt to a 10 sat/byte fee + the usage of viabtc accelerator.

I don't know if they've increased the fee since I'm paying fees now more than 20 sats/byte or the amount for what mempool is suggesting.But, that's really the minimum fee of your transaction should be for them to help you to accelerate it since I've been using it even until now. And hosseinmir explained it very well to you.

Not just that, even though I haven't used their paid service. I've tried to quote it before there and I find the fee ridiculously high. So the solution to this, when doing transactions these days, plan it and monitor the fees.

I feel you are confusing byte with vbyte.
The minimum fee rate to be eligible to use their free accelerator is 10 sat/byte (note that it's 10 sat/byte, not 10 sat/vbyte.)
For a normal segwit transaction with 1 input and 2 outputs, the minimum required fee rate would be around 16 sat/vbyte.

That's because your fee rate was below 10 sat/byte.

No, you are wrong, because if you were right, then my transaction of almost 3 weeks would have been confirmed now. If you are using the free service of ViaBTC, you might need a transaction of between 15-16sat/bytes and above before they can help you accelerate it for free. My transaction is still stuck and I'm unable to use their service because I used 10.13sat/vbyte for it, which makes it practical as they alerted me that the fee was too low.

Unfortunately, I couldn't opt for their paid service to maintain my privacy as they were asking for some personal details which I will NEVER provide.

I've been using it for a long time even before this network problems that we're experiencing and they really are reliable.

But not at all times that it will get you accelerated because sometimes there are transactions that have higher sizes and they can't do anything much about it.

Usually, the main requirement is just to pay a fee of 10 sats/byte and above and those are the type of transactions they'll help you get confirmed. And then, it's always best to practice to check how much the recommended fees through websites like mempool so that you're aware if there's a traffic or none.

I agree fully, there used to be a few other free options but none of them ever seemed to work except for ViaBTC. They’re still running strong and it still works flawlessly long as they get to mine a block. I personally wouldn’t pay for an accelerator unless I had a huge urgency to get my transaction confirmef anyway.

This that happens is what we should have know since that it's methods of bitcoins, but I was surprised when some people started panicking of the unconfirmed transaction made, but it's obvious that if your transaction fails to be confirmed when time due and you want it to confirm you add more sat to your previous so that it will confirm with immediate effect

ViaBTC transaction accelerator actually works if you meet the required criteria. Except for the most recent transaction that had a problem, I am not sure about sometime back when transaction fee rate was up around 200-500 sats/vbyte. My 20 sats/vbyte transaction got confirmed with their help using the free service option

It's probably the only legit free Bitcoin transaction accelerator I know about currently.

That is because the Bitcoin network is starting to normalized when you share your experience with your colleages.  Right now the transaction fee is almost back to normal with at least 15 sat/vb being accepted on the blocks.  Viabtc accelerator won't process any transaction that has too low transaction fee.  It so happen that your friends transaction fee is acceptible in the network thus I don't see any magic when you say Viabtc accelerator do the trick.

Okay, aware of transaction accelerators done by miners but, haven't given a check or trier on ViaBTC before. Its good to have these guys in operation but, bumping transactions comes more handy to me than those services.
Well, it all depends on the volume your sending but, it would be a service to check out some time and it sure would help on times as this.
When the bullrun comes, we might be having more use of these services and a paid package that isn't regulated by yourself isn't the best of idea to go about it.  Itsa good thing to have them free triers up and about, running.

I submitted the new TX ID several times, on different browsers, different IP addresses and different devices, but it refused to work. I kept getting the same error and gave up with a conclusion that maybe they don't recognize transactions that have been recently bumped (Something like, If you can bump the transaction, then you don't need to use our free service)

Fortunately, over the night, the Bitcoin transaction fee rate lowered, and my transaction got confirmed.

When you bump the fee, your transaction is replaced by a new one with a new ID and you should submit the new transaction. Maybe, you submitted the replaced transaction.
I have done what suggested by BlackBoss_ before and I can confirm that it works.

If you successfully manage to submit your transaction ID to ViaBTC transaction accelerator. The only thing that will matter is how long it will take for ViaBTC to mine their next block. Be sure that they will include your low fee transaction in the next block they will mine

i could be wrong, but I have reason to believe that bumping the fee rate to minimal accepted fee rate by ViaBTC TX accelerator does not help. I did it before and all I could keep getting when trying to accelerate the transaction was "TX ID does not exit" and yet it was even a valid TX ID.

If the sender does not bump the fee to a fee rate that can be confirmed by miners, he can bump the fee rate to minimal accepted fee rate which is accepted by ViaBTC TX Accelerator to use that free fee accelerator service.

ViaBTC is a 5th largest mining pool and they have good chance to find blocks so that if they accept to support your transaction, it will be confirmed soon.

they will not rebroadcast your transaction and if you happen to use low fees then just increase the transaction to this fee rate ≥ 0.0001 BTC/KB.
if you do that maybe they will add your transaction in to the next 1/2 block if they get a block.

If you submit your transaction to ViaBTC accelerator, (assuming your transaction won't be confirmed normally) the confirmation time will depend on the their share from the total hash rate and your luck.

They don't rebroadcast your transaction, when you submit it to their accelerator.

Since ViaBTC is a mining pool, it has the ability to include transactions in the blocks that it mines by including the user's transaction in a block that is more likely to be mined quickly, the transaction is more likely to be confirmed faster than if the user had simply relied on the free market to determine the transaction fee.  But this doesn't guarantee that a transaction will be confirmed quickly, the speed at which a transaction is confirmed depends on a number of factors, including the size of the transaction fee and the current network congestion.

But take note, if you're using below 10 sats you can't use this free service, they'll not rebroadcast below 10 sats based on my experience.
Yes, I personally use this every time I have a transaction, and since it is free.

Paid transaction accelerator services usually charge more than it would take to prioritize the transaction and get it confirmed in no time, through the initial fee or by bumping it.

ViaBTC is still effective for low weight transactions when transaction fees go really high and you can use it for free as long as the tx falls within the criteria. This is one reason to consolidate your smaller transactions when fees are cheaper so you can affordably transsct when the feerate rises.

It's not a secret, though. I personally used it early this week when the Bitcoin fee was up in the zone of 100 sats/vb. They have only 100 slots per hour and the transaction size has to be below 500 bytes if you are to use the free version.

The paid version is probably more expensive than just bumping the transaction with a higher fee if it's RBF enabled.

Newbies should learn from this fast confirmed transactions tricks

My message today may not freak the senior gurus here but has turned me to a mini celebrity in my office and locality. Bitcoin transactions got many people frustrated for two weeks and counting, some transactions do not know the time they will get confirmed as I write. But I get my transaction confirmed everyday since I know about ViaBTC.

What you don't know, you don't know and what you think is no more a secret to a community is a cherished secret elsewhere. ViaBTC was never known to me or people around me, this is until many of us were complaining to my hearing, two transactions of mine were stuck too, but fortunately I got to know ViaBTC via online search. It was a stressful search and many that I tested did not work until I finally got it right. The people I recommended it for has been thanking me, so I thought I should let newbie and novice that are in my shoes to know this.

https://ibb.co/16rrYGQ

The requirement is simple, just go to https://www.viabtc.com/tools/txaccelerator and paste your transaction ID at the requested place and click on Free Submission or Paid Service depending on what you want. The difference is that the paid service can accelerate any transaction fee, but free submission will only accelerate the transaction provided the volume of a single transaction is ≤0.5 KB and the transaction fee rate is ≥ 0.0001 BTC/KB.

Everybody I told that has been using 17sat/vb has been singing praise in less than 15 hours.