Pages:
Author

Topic: What happens if I set very low transaction fees - page 2. (Read 465 times)

legendary
Activity: 3542
Merit: 1352
Transaction will be placed in low priority, though there are rare cases in which miners would include your tx in a block, which is lucky for most occasions.

As for your transaction getting stuck in the mempool for far too long, it wouldn't disappear; the money will just be returned to you after two weeks since the date of transaction after the mempool is cleaned. Anyone can send anything for nothing, really, but just keep in mind that there's a huge tendency that you'll not be seeing any confirmations on your transactions sooner.
legendary
Activity: 3346
Merit: 3130
I made a transaction setting a very low transaction fee (6 Sat/B). I thought it was enough but it's been over an hour and I can see my transaction is not still confirmed.

Question in my head is: What if the transaction never confirms? When will it be back to my wallet in that case?


Thanks in advance

Your transaction will confirm, but is low priority, so miners will give priority and will confirm first the transactions with high fees.

If you want to see the unconfirmed transactions and the fees they pay you can take a look to https://bitcoinfees.earn.com/

So, your transaction will confirm, but will take some blocks for it, so, no rush Wink
legendary
Activity: 2730
Merit: 7065
You can check this site for the approximate fees that you should use at any given time.
https://bitcoinfees.earn.com/#delay

Have you tried using a transaction accelerator to speed it up? I have heard people mention viabtc's accelerator several times on the forum > https://pool.viabtc.com/tools/txaccelerator/

Also have a look at this thread with more links for BTC accelerators.
https://bitcointalksearch.org/topic/free-btc-tx-accelerators-stop-paying-for-something-that-is-free-2510862
legendary
Activity: 2800
Merit: 2736
Farewell LEO: o_e_l_e_o
I made a transaction setting a very low transaction fee (6 Sat/B). I thought it was enough but it's been over an hour and I can see my transaction is not still confirmed.

Question in my head is: What if the transaction never confirms? When will it be back to my wallet in that case?


Thanks in advance
Pages:
Jump to: