[SUGGESTION] Bitcointalk official acceleration thread.

shahzadafzal

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Quote from: Mia Chloe on January 11, 2024, 02:13:39 PM

Good day Bitcoin talkers
Lately there has been a lot of conjestions in the mempool as well as a lot of posts concerning it. Some forum members even had their transactions stuck on the mempool due to them wanting to use lower fees.
However I have been thinking lately if there was a way to assist forum members with economical fees at intervals.
So after a while of thinking I was able to come up with a suggestion. (An official Bitcoin talk anonymous acceleration thread.)
Since we have some nice miners here on Bitcoin talk, how about a reputatable miner here creates a self moderated thread for forum users to drop their transactions which have been stuck for while to be accelerated. Now definitely some spamming may want to come in therefore a reason for making the thread self moderated.
Also certain rules should be put in place to guide on the requirements before posting a transaction to be accelerated. Possible ones could be;

you must be an active member of Bitcoin talk
Users cannot post more than "X" number of transactions during a particular period of time
rank of full members and above can apply
transaction has to have a fee of at least "X" sat/byte

And possibly others. The point would be miners here can occasionally bump the thread and asisst in accelerating a transaction of their choice.

That's not how Bitcoin works. The entire concept of 'decentralized' in Bitcoin goes against the idea. For example, a miner can't discreetly choose transactions to process and guarantee the production of the next block. If this were possible, a miner could select invalid or conflicting transactions, but these would be rejected by the nodes in the network. As a result, the miner would lose the reward, defeating the whole purpose of processing transactions.

It's crucial to remember that Bitcoin is a decentralized and permissionless system. This means that no one is monitoring or individually selecting transactions. You can't directly request a specific miner to include your transaction in the next block.

mikeywith

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Quote from: philipma1957 on January 12, 2024, 10:04:41 AM

I belong to f2pool with a few KDA miners.

F2pool is the worst pool anyone could use, it practices censorship at its finest, currently, they are the only known pool to implement OFAC blacklist, something that nobody asked them to do, Chun just wants to lick the government's boots.

He clearly stated the following:

Quote

Why do you feel surprised when I refuse to confirm transactions for those criminals, dictators, and terrorists?

So ya, Chun can take his acceleration service and shove it up his censorship arse.

Phill, you could use poolflare.net for that miner, it's cheaper and has almost the same hashrate as this anti-bitcoin pool.

OP, there is no free lunch, why would anyone replace a good paying transaction for one that pays less? it makes no sense, if you want your transactions to be confirmed you have to pay enough for them, there is no workaround to battle a free market.

philipma1957

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Quote from: philipma1957 on January 12, 2024, 06:16:34 PM

Quote from: Findingnemo on January 12, 2024, 02:02:37 PM

Quote from: philipma1957 on January 12, 2024, 10:04:41 AM

okay I am on the page on f2pool

someone give me a stuck tx and we can test it out.

a5cb85172bf588f562d6b39d9b0041c3c2ca8ccc871b1d2c37bbfc399d7cadbf

Random TX found on the mempool, let's try and see whether it works.

OP, I don't think many miners are still active here like they used to be a decade ago in the forum so this idea will not work at all.

let me check it out.

I will look for a different one.

philipma1957

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Quote from: Findingnemo on January 12, 2024, 02:02:37 PM

Quote from: philipma1957 on January 12, 2024, 10:04:41 AM

okay I am on the page on f2pool

someone give me a stuck tx and we can test it out.

a5cb85172bf588f562d6b39d9b0041c3c2ca8ccc871b1d2c37bbfc399d7cadbf

Random TX found on the mempool, let's try and see whether it works.

OP, I don't think many miners are still active here like they used to be a decade ago in the forum so this idea will not work at all.

let me check it out.

SamReomo

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Quote from: robelneo on January 11, 2024, 04:29:52 PM

Or use a wallet with an option to RBF, mempool.space also had an acceleration service, these three are the best options for users, VIABTC, Mempool.space, and do an RBF anyone can start an acceleration thread with these three as the subjects but it should be moderated as there are lot fake accelerations coming up whenever there is congestion in the blockchain.

Yes, I would prefer to use a RBF enabled wallet as that's the best option to make your transactions faster. One should try to monitor the fees on mempool.space every few minutes and if fees get somewhat stable then one can easily get confirmed transaction with the help of RBF.

I guess that creating of such thread would be helpful especially when some pools agree to help the members of this forum. That way they can also promote their paid services on this forum and at the same time allow a few free slots on daily or weekly basis.

Findingnemo

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Quote from: philipma1957 on January 12, 2024, 10:04:41 AM

okay I am on the page on f2pool

someone give me a stuck tx and we can test it out.

a5cb85172bf588f562d6b39d9b0041c3c2ca8ccc871b1d2c37bbfc399d7cadbf

Random TX found on the mempool, let's try and see whether it works.

OP, I don't think many miners are still active here like they used to be a decade ago in the forum so this idea will not work at all.

348Judah

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Quote from: Mia Chloe on January 11, 2024, 02:13:39 PM

Good day Bitcoin talkers
Lately there has been a lot of conjestions in the mempool as well as a lot of posts concerning it. Some forum members even had their transactions stuck on the mempool due to them wanting to use lower fees.

There are conditions that you can still follows to make sure you're having a cheaper transaction fee even as the whole thing is as high as this, track your way to the mempool and study when it's less congested, make use of a transaction accelerator feature using viabtc, often make weekends transactions, when you probably know your way out, I don't think you can be stucked on a transaction out of nothing.

Quote from: Mia Chloe on January 11, 2024, 02:13:39 PM

you must be an active member of Bitcoin talk
Users cannot post more than "X" number of transactions during a particular period of time
rank of full members and above can apply
transaction has to have a fee of at least "X" sat/byte

And possibly others. The point would be miners here can occasionally bump the thread and asisst in accelerating a transaction of their choice.

Your idea is good but cannot be taken, first of all, who is then to be responsible for this transactions to be confirmed on time, who is to bump or pay for your transactions for you to get it confirmed on time, how do you expect other non forum members feel about bitcoin, being centralized? Or do you ever think of the other consequences of wanting to do this, should the forum or it's members be responsible for your transactions to get confirmed, this is a race and it's a survival of the fittest, you had rather expect to see a solution to mempool congestion and high fees due to ordinals than going by your suggestion.

philipma1957

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Quote from: logfiles on January 11, 2024, 05:33:02 PM

It would have been great if there was any miner or member who is part of the F2pool and has a referral code. This way accelerating transactions would be easy using this tool (https://www.f2pool.com/pushtx) and I don't think he would require a very high hash power

Aside from viaBTC's free 20 transactions per hour, that is the only other legitimate tool one could use minus having to pay a fee. The problem is getting the referral code.

I belong to f2pool with a few KDA miners.

I will look into this to see how it works.

@ samreomo. we may get some value from this thread.

okay I am on the page on f2pool

someone give me a stuck tx and we can test it out.

EFS

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Remember we don't even have official rules, so don't expect anything Bitcointalk related labeled as "official".

Forum users can always open a thread and offer a free or paid acceleration service. As philipma1957 calculated here, a free service is possible but unlikely.

Jessie2121

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OP I kinda like your idea but I don't think it would work like those at the top would want to approve of your suggestion and besides I think the high fees has come back to normal since last week. These miners you talking about on the forum, do you think they will have a spare time to handle such thread? All I have to say is, there's no harm in trying maybe they could try something to help those who are finding it hard to make transaction. OP I think your chances of making this work is 35%.

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Quote from: ABCbits on January 12, 2024, 04:49:01 AM

If everyone use wallet which support full RBF, they can replace their transaction with higher fee rate even when the transaction itself doesn't have RBF flag.

Exactly this should be the best option when transactions are stuck.

Quote from: ABCbits on January 12, 2024, 04:49:01 AM

I expect all miners would join certain mining pool, where those miners have little or no control which transaction included on a block. So those miner have switch to different pool which let miner choose which transaction added to a block.

This is quite true before now I was having the opinion that it was quite easy for a solo miners to help accelerate transactions with the comparable small hash they generate compared to mining pools and still be able to do so without making losses on apparently wasted electrical power.
philipma1957 gave me a nice insight from his reply how transaction acceleration is quite uneconomical for solo miners plus they most times might not generate enough hash to do so.

ABCbits

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If everyone use wallet which support full RBF, they can replace their transaction with higher fee rate even when the transaction itself doesn't have RBF flag.

Quote from: Mia Chloe on January 11, 2024, 02:13:39 PM

Since we have some nice miners here on Bitcoin talk, how about a reputatable miner here creates a self moderated thread for forum users to drop their transactions which have been stuck for while to be accelerated.

I expect all miners would join certain mining pool, where those miners have little or no control which transaction included on a block. So those miner have switch to different pool which let miner choose which transaction added to a block.

tranthidung

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Some Bitcoin Transaction Accelerators from free to paid.

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Quote from: philipma1957 on January 11, 2024, 04:59:59 PM

hodl real btc safe in an offline wallets.

find a kyc exchange put some cash in it.

Well, that's the best advice for everyone I believe, hodling your Bitcoin in your own personal offline wallet is the best way to be safe from hackers and scammers and registering with a centralized or you can say KYC exchange is good to purchase Bitcoin for low fees. I personally use Binance for that thing but many prefer other exchanges. There are some people who really don't like the centralized exchanges and those people can go with a decentralized exchange like Bisq.

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Quote from: logfiles on January 11, 2024, 05:33:02 PM

It would have been great if there was any miner or member who is part of the F2pool and has a referral code. This way accelerating transactions would be easy using this tool (https://www.f2pool.com/pushtx) and I don't think he would require a very high hash power

Aside from via BTC's free 20 transactions per hour, that is the only other legitimate tool one could use minus having to pay a fee. The problem is getting the referral code.

It would be awesome if there is someone here on the forum who mines on F2pool but only loyal miners can have a referral code on F2pool to use that tool if you are a miner and just recently moved into that pool they won't give you a referral code to use this tool.

logfiles

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It would have been great if there was any miner or member who is part of the F2pool and has a referral code. This way accelerating transactions would be easy using this tool (https://www.f2pool.com/pushtx) and I don't think he would require a very high hash power

Aside from viaBTC's free 20 transactions per hour, that is the only other legitimate tool one could use minus having to pay a fee. The problem is getting the referral code.

philipma1957

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'The right to privacy matters'

Quote from: SamReomo on January 11, 2024, 04:02:48 PM

I think whatever philipma1957 said is 100% true and that's why creating of such thread would be of no help to anyone. The miners who are actually part of this forum and are active here don't have that much hash power and that's why it's not going to be possible for them to accelerate the transactions.

Only the mining pools can do that but I don't think that any of the mining pools may be agree to create such a thread and accelerate the transactions for the members of this forum. The only good option that's for everyone is always going to be Via BTC transaction accelerator.

this thread is very helpful it show us what we are up against.

btw I understand the shortterm issues here.

I have mentioned in many threads

hodl real btc safe in an offline wallets.

find a kyc exchange put some cash in it.

I use nicehash with mining from gpus
I use kraken with a kyc cash deposit of $500 usd. and I purchased btc with it low fees.

so I now can use 2 ln wallets. nicehash and kraken with very little cost.

and I keep most coin in a wallet.

altough my buddy senator warren wants to call me a criminal very soon for having a wallet.

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Quote from: SamReomo on January 11, 2024, 04:02:48 PM

Only the mining pools can do that but I don't think that any of the mining pools may be agree to create such a thread and accelerate the transactions for the members of this forum. The only good option that's for everyone is always going to be Via BTC transaction accelerator.

Or use a wallet with an option to RBF, mempool.space also had an acceleration service, these three are the best options for users, VIABTC, Mempool.space, and do an RBF anyone can start an acceleration thread with these three as the subjects but it should be moderated as there are lot fake accelerations coming up whenever there is congestion in the blockchain.

SamReomo

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I think whatever philipma1957 said is 100% true and that's why creating of such thread would be of no help to anyone. The miners who are actually part of this forum and are active here don't have that much hash power and that's why it's not going to be possible for them to accelerate the transactions.

Only the mining pools can do that but I don't think that any of the mining pools may be agree to create such a thread and accelerate the transactions for the members of this forum. The only good option that's for everyone is always going to be Via BTC transaction accelerator.

philipma1957

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It would be wonderful if a miner would help. But you need an insane amount of hash to do it.

The net work does 144 blocks on an average day the network has close to 500eh hash.

So to make a block a day a pool needs 3.5 eh of hash.

175 s21 = 175 x 200th or 350 ph

1750 s21 = 1750 x 200th or 3.5eh

No miner on this site has 1750 s21 units

they would consume about 1750 x 4 = 6800 kwatts or 6.8 mega watts

so if you found a nice guy that has a 7 mega watt pool he could do 1000kb for 20 sats

which is 0.00020000 btc the rest at full price It would cost him if he gave ten spots via dm

I am tiny compare to a 7 megawatt guy.

I am under 250kwatts so I am 1/30 the bare minimum and my partners would all say no to it.

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Quote from: EL MOHA on January 11, 2024, 02:26:17 PM

This is a nice idea OP but I think you’re actually missing some points here, the success of individual miners this days having to mine a block is limited because of the issue of hashrate or let me say computational power. So the most effective method this days is a pool of miners which we are currently experiencing. With it been a pool of miners then an individual can not make decision like this.

Secondly this is more like running it for free because most of this transaction have very low fees. With the way miners are currently feasting on transaction fees will someone dedicate their money and time to mine others transaction for some little penny, I think the incentives from the transaction fee that other miners will earn will be too tempting to leave, that’s why free accelerators like Viabtc actually have limited space. It is definitely not a viable idea seriously.

I get your point.
However my suggestion is miners can occasionally bump the thread when they feel like.
They can pick anytime convenient for them . besides they don't have to announce their deeds if they don't feel like.

EL MOHA

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This is a nice idea OP but I think you’re actually missing some points here, the success of individual miners this days having to mine a block is limited because of the issue of hashrate or let me say computational power. So the most effective method this days is a pool of miners which we are currently experiencing. With it been a pool of miners then an individual can not make decision like this.

Secondly this is more like running it for free because most of this transaction have very low fees. With the way miners are currently feasting on transaction fees will someone dedicate their money and time to mine others transaction for some little penny, I think the incentives from the transaction fee that other miners will earn will be too tempting to leave, that’s why free accelerators like Viabtc actually have limited space. It is definitely not a viable idea seriously.

Mia Chloe

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Good day Bitcoin talkers
Lately there has been a lot of conjestions in the mempool as well as a lot of posts concerning it. Some forum members even had their transactions stuck on the mempool due to them wanting to use lower fees.
However I have been thinking lately if there was a way to assist forum members with economical fees at intervals.
So after a while of thinking I was able to come up with a suggestion. (An official Bitcoin talk anonymous acceleration thread.)
Since we have some nice miners here on Bitcoin talk, how about a reputatable miner here creates a self moderated thread for forum users to drop their transactions which have been stuck for while to be accelerated. Now definitely some spamming may want to come in therefore a reason for making the thread self moderated.
Also certain rules should be put in place to guide on the requirements before posting a transaction to be accelerated. Possible ones could be;

you must be an active member of Bitcoin talk
Users cannot post more than "X" number of transactions during a particular period of time
rank of full members and above can apply
transaction has to have a fee of at least "X" sat/byte

And possibly others. The point would be miners here can occasionally bump the thread and asisst in accelerating a transaction of their choice.

Topic: [SUGGESTION] Bitcointalk official acceleration thread. (Read 325 times)