Topic: Who else has got this experience? (Read 104 times)
Thank you all for your contribution.
So how many sat/vB do you use so you have to wait two weeks to wait for confirmation?
I don't think this is a great experience because anyone who sends bitcoins at a low cost then they have to wait for a longer block confirmation, but if you adjust the fees with the mempool then the confirmation will be fast because lately the fees have been increasing with the ordinal we know.
I think a lot of people have this experience, but I always make adjustments so I don't have to wait long for what's sent to arrive.
I don't think this is a great experience because anyone who sends bitcoins at a low cost then they have to wait for a longer block confirmation, but if you adjust the fees with the mempool then the confirmation will be fast because lately the fees have been increasing with the ordinal we know.
I think a lot of people have this experience, but I always make adjustments so I don't have to wait long for what's sent to arrive.
The only clear explanation to this is maybe OP actually abandoned the transaction without following through with it or probably is using a wallet that doesn’t support bumping transactions. But even though most of these wallets set the transaction fee to high priority or at least medium which is enough to get it confirmed.
for subsequent transactions, it's a good idea to increase your sat/vb to just above 50+, but still don't expect your transaction to be processed quickly, just be patient.
Even a transaction with fee around 20sat/vbyte will get confirmed within 24hours. I did a transaction today with 16sat/vbyte and it got confirmed although it took almost 10 hours. Most of these low fees are experienced in the night. So if OP transactions has been in the mempool for over two weeks now then the transaction might have be way lower than 10sat/vbyte
Just today after refreshing my wallet since waiting for a pending btc transaction to be confirmed since two weeks when the issue of high btc fees started, I was surprised after the wallet updated, the coin dropped like a pack of card 
This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
stuck for 2 weeks? if i may know, how many sats do you use, yesterday i did a transaction with 50 sats/vb and the results were pretty good, it didn't take up to 1 hour to be confirmed right away, here's the proof. This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
for subsequent transactions, it's a good idea to increase your sat/vb to just above 50+, but still don't expect your transaction to be processed quickly, just be patient.
So how many sat/vB do you use so you have to wait two weeks to wait for confirmation?
I don't think this is a great experience because anyone who sends bitcoins at a low cost then they have to wait for a longer block confirmation, but if you adjust the fees with the mempool then the confirmation will be fast because lately the fees have been increasing with the ordinal we know.
I think a lot of people have this experience, but I always make adjustments so I don't have to wait long for what's sent to arrive.
I don't think this is a great experience because anyone who sends bitcoins at a low cost then they have to wait for a longer block confirmation, but if you adjust the fees with the mempool then the confirmation will be fast because lately the fees have been increasing with the ordinal we know.
I think a lot of people have this experience, but I always make adjustments so I don't have to wait long for what's sent to arrive.
Just today after refreshing my wallet since waiting for a pending btc transaction to be confirmed since two weeks when the issue of high btc fees started, I was surprised after the wallet updated, the coin dropped like a pack of card
This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
what wallet did you use to send your transaction? if you use Electrum i believe you don't need to wait to update it.
just don't forget to check https://mempool.space/ and use medium-priority transaction fees to get your transaction got confirmed faster in just 2/3 block
Your transaction in Pending by a low transaction fee will be either confirmed after a while of waiting or will be dropped of mempools after a while.
Depends on mempool setting of mining pools, it can be dropped after anytime but the most common time is 72 hours or 3 dyas but it is customizable and some mempools with big memory capacity can set it to 2016 blocks or 14 days.
https://learn.bybit.com/blockchain/bitcoin-mempool-what-happens-to-the-unconfirmed-transactions/
https://hackernoon.com/holy-cow-i-sent-a-bitcoin-transaction-with-too-low-fees-are-my-coins-lost-forever-7a865e2e45ba
Depends on mempool setting of mining pools, it can be dropped after anytime but the most common time is 72 hours or 3 dyas but it is customizable and some mempools with big memory capacity can set it to 2016 blocks or 14 days.
Quote
When you send a transactions with too low fees, it stays in the mempool of most full nodes (1) until it either expires…Surprise, even the word “expires” needs an explanation.
Since Bitcoin Core 0.12 there is an expiration time of 72 hours. This is what I meant by, when I said “your coins reappear in your wallet after 3 days“.
But this is not the whole story. This expiration time can vary between node implementation, or even completely missing. In fact, even in Core you can set the -mempoolexpiry setting.But, and it’s still not all: anyone can rebroadcast that transaction, and so bypass this expiration.I wonder if an attack would work when you setup a node and keep rebroadcasting all low-fee transactions until the end of times.
In the bigger context, it is unlikely your transaction won’t expire after 72 hours, so you don’t have to deal with it, but it’s something nice to keep in mind.
Since Bitcoin Core 0.12 there is an expiration time of 72 hours. This is what I meant by, when I said “your coins reappear in your wallet after 3 days“.
But this is not the whole story. This expiration time can vary between node implementation, or even completely missing. In fact, even in Core you can set the -mempoolexpiry setting.But, and it’s still not all: anyone can rebroadcast that transaction, and so bypass this expiration.I wonder if an attack would work when you setup a node and keep rebroadcasting all low-fee transactions until the end of times.
In the bigger context, it is unlikely your transaction won’t expire after 72 hours, so you don’t have to deal with it, but it’s something nice to keep in mind.
https://learn.bybit.com/blockchain/bitcoin-mempool-what-happens-to-the-unconfirmed-transactions/
https://hackernoon.com/holy-cow-i-sent-a-bitcoin-transaction-with-too-low-fees-are-my-coins-lost-forever-7a865e2e45ba
I don't know if i completely understood you, but if you meant your pending transaction got confirmed, then it could be because the mempool has cooled off, and your fee rate is now worth it for miners to comfirm it and add it to a block, but if you mean your funds dropped back into your wallet, then it means it was rejected, there is a default time of two weeks in which unconfirmed transactions will be rejected and the coin will be dropped back into the senders wallet.
It had nothing to do with you updating or refreshing your wallet file, except your wallet file hasn't synced with the blockchain since you made the transaction, and that's why you had not seen that it was already confirmed.
It had nothing to do with you updating or refreshing your wallet file, except your wallet file hasn't synced with the blockchain since you made the transaction, and that's why you had not seen that it was already confirmed.
Just today after refreshing my wallet since waiting for a pending btc transaction to be confirmed since two weeks when the issue of high btc fees started, I was surprised after the wallet updated, the coin dropped like a pack of card
This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
This includes the coin that I already sent out but pending from being processed in mempool. This is my surprise
Who else has got this experience?
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