Question about coinbase.com - I have confirmation problem! - page 2.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ranochigo on May 03, 2020, 09:13:20 AM

Quote from: BlackHatCoiner on May 03, 2020, 09:06:22 AM

My transaction id?

11acf3887ab8d8ba3a607784eca42b39fab0f385abfdf6812d59055207d95eab

Your transaction has opt-in RBF enabled which is good as it allows you to send a replacement transaction from your Electrum. If you would like to continue with it, right-click on your transaction in Electrum and select 'bump fee'. You'll be given a slider to increase your fees to make it confirm faster.

Yes, it'll cost quite a bit extra as compared to your current fees but your current fees would result in quite a long wait before your transaction gets confirmed. If you'd like, you can choose to not follow the steps and wait for the transaction backlog to be cleared before your transaction gets confirmed.

Can you give me an example of how much I'll wait?

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: BlackHatCoiner on May 03, 2020, 09:06:22 AM

My transaction id?

11acf3887ab8d8ba3a607784eca42b39fab0f385abfdf6812d59055207d95eab

Your transaction has opt-in RBF enabled which is good as it allows you to send a replacement transaction from your Electrum. If you would like to continue with it, right-click on your transaction in Electrum and select 'bump fee'. You'll be given a slider to increase your fees to make it confirm faster.

Yes, it'll cost quite a bit extra as compared to your current fees but your current fees would result in quite a long wait before your transaction gets confirmed. If you'd like, you can choose to not follow the steps and wait for the transaction backlog to be cleared before your transaction gets confirmed.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ranochigo on May 03, 2020, 09:03:28 AM

Quote from: BlackHatCoiner on May 03, 2020, 09:02:38 AM

Quote from: ranochigo on May 03, 2020, 09:01:04 AM

Bitcoin propagation takes seconds. Nodes around the network should be able to see that you've made this transaction quickly.

Confirmations, on the other hand is different. By verifying, coinbase is talking about confirmations. With 2 satoshis per byte, it would take forever for it to be confirmed given current network conditions.

When you say forever? Cry

Can I somehow cancel my transaction then?

The backlog of transaction is huge and I doubt miners would get to your transaction anytime soon. Could you provide us with your TXID?

My transaction id?

11acf3887ab8d8ba3a607784eca42b39fab0f385abfdf6812d59055207d95eab

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Quote from: BlackHatCoiner on May 03, 2020, 09:02:38 AM

Quote from: ranochigo on May 03, 2020, 09:01:04 AM

Bitcoin propagation takes seconds. Nodes around the network should be able to see that you've made this transaction quickly.

Confirmations, on the other hand is different. By verifying, coinbase is talking about confirmations. With 2 satoshis per byte, it would take forever for it to be confirmed given current network conditions.

When you say forever? Cry

Can I somehow cancel my transaction then?

The backlog of transaction is huge and I doubt miners would get to your transaction anytime soon. Could you provide us with your TXID?

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Quote from: ranochigo on May 03, 2020, 09:01:04 AM

Bitcoin propagation takes seconds. Nodes around the network should be able to see that you've made this transaction quickly.

Confirmations, on the other hand is different. By verifying, coinbase is talking about confirmations. With 2 satoshis per byte, it would take forever for it to be confirmed given current network conditions.

When you say forever? Cry

Can I somehow cancel my transaction then?

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

Bitcoin propagation takes seconds. Nodes around the network should be able to see that you've made this transaction quickly.

Confirmations, on the other hand is different. By verifying, coinbase is talking about confirmations. With 2 satoshis per byte, it would take forever for it to be confirmed given current network conditions. (The current median fees is roughly 60 to 70 satoshis)

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

I just made my first bitcoin transaction of 10$:

Now I have a question. Coinbase.com generated me an address just for me, I sent the money from my electrum wallet and... boom! Immediately the site started showing "Loading your payment". How?? How did the network updated so fast?

Now it's writing this:

I put 2.2 satoshi per byte, do you think it's fine? I couldn't go more, not enough funds.

Topic: Question about coinbase.com - I have confirmation problem! - page 2. (Read 336 times)