Why would anyone still be using VIABTC accelerator now?

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Quote from: The Hidebehinder on June 30, 2024, 04:52:32 PM

Quote from: Ever-young on June 30, 2024, 04:50:50 PM

The Viabtc accelerator is always useful when the transaction fee becomes too high for the average person to pay, and if you have a transaction you want to confirm very fast and yet you don't want to pay the required fee at that moment to make it go fast, then you can use the Viabtc accelerator.

I know that!!!!!!
I was asking why would anyone still use it NOW?!

Maybe or probably out of habit or ignorance, there are people who, before monitoring their transaction, first use an accelerator to make sure that their transaction is confirmed; they may think that the transaction fees will increase unexpectedly, so they want to accelerate right away since it's free.

348Judah

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Quote from: The Hidebehinder on June 30, 2024, 04:46:45 PM

Got a payment from them and looking through the calculators I clicked on the accelerator page, saw this:

The minimum fee for getting in is 10sat/b, way higher in sat/vb, while at the moment a 8sat/vb will get you confirmation in next block, so what's the point of accelerating a transactions whose requirement would anyhow make it eligible for the next block? 7 guys still used it, why? Bots?

Using a mining pool like viabtc for acceleration have to be with an understanding, we are not expected to use them if the network is not busy or congested with high transaction fee, if we are to make a transaction, we will first consider the mempool and check how the fee rate is then choose on what to do, if it is cheaper then there is no need for using a transaction accelerator like viabtc, but when its high, we may consider it use, we don't have to make use of a transaction accelerator each time we are making a transaction except the mempool is busy and the fee is high.

Despairo

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There could be a newbie that pays 10 sat/vbyte and he can't wait for 10 minutes because he thought it's really slow, then he find an accelerator site and speed up on viabtc, who knows right? even though it doesn't make sense and pointless, but anything can happen in this world.

However, there are 7 transactions that accelerated by viabtc, but I've check all blocks that mined by viabtc in the last 24 hours, I didn't find any transaction that they speed up.

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Quote from: The Hidebehinder on July 01, 2024, 07:16:33 AM

Quote from: Pandorak on July 01, 2024, 07:03:25 AM

[...]

I have a few problems picturing a newbie receiving a transaction, checking how long it will take, researching, ending on viabtc, seeing how it works and then submitting it , all this stuff in under 10 minutes in which his tx would have been confirmed anyhow!

Just leave them with their bad habits, it won't harm you, besides accelerating transactions when fees on the network are healthy won't harm you at all, you can still receive your bitcoins with cheap fees.

Or it could be an automated bot from Viabtc, to lower its hourly free acceleration number. So the others have to switch to paid services, whatever it is, you are better off just leaving them, there is no point discussing them.

The Hidebehinder

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Quote from: PX-Z on June 30, 2024, 06:03:57 PM

You can't expect people have the same knowledge, wallet, luck lol. Very worst to mind is using a wallet that comes with fees recommendation only from their end, not from mempool.space or the same method used.

I would expect somebody who would know what an accelerator is to have some knowledge what the actual fees are!/!?

Quote from: letteredhub on July 01, 2024, 03:11:48 AM

That's because they choose to, it's a thing of choice to either have use for it only when mempool get congested in order to accelerate your transaction or to make use of it at both low and high tx fees rate. That am using viaBTC acceleration at this moment where BTC transaction fee is low with transaction going fast even without using an accelerator doesn't warrant my choice to be questioned.

You don't understand do you?
In order to have your tx accepted by Viabtc you would have already paid more than the next block tx, so you're not accelerating anything, your tx would have anyhow been picked in the first block!

But seeing what you write here, I finally understood who would use it! /s

Quote from: Pandorak on July 01, 2024, 07:03:25 AM

Do you have problems when they accelerate their transactions even though they would otherwise find their transactions validated without acceleration? i think it is not bots, but rather adopters who don't understand how the bitcoin network works, they receive a transaction and it looks like it will take a long time to validate, they search for something on the internet about how to speed up their transactions and find Viabtc.

I have a few problems picturing a newbie receiving a transaction, checking how long it will take, researching, ending on viabtc, seeing how it works and then submitting it , all this stuff in under 10 minutes in which his tx would have been confirmed anyhow!

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Quote from: The Hidebehinder on June 30, 2024, 04:46:45 PM

[...] so what's the point of accelerating a transactions whose requirement would anyhow make it eligible for the next block? 7 guys still used it, why? Bots?

Do you have problems when they accelerate their transactions even though they would otherwise find their transactions validated without acceleration? i think it is not bots, but rather adopters who don't understand how the bitcoin network works, they receive a transaction and it looks like it will take a long time to validate, they search for something on the internet about how to speed up their transactions and find Viabtc.

Or it could be that they are receiving payments via bitcoin for the first time and find it a little long to get their money, because usually they use altcoins that use PoS and get their transactions quickly.

hosseinimr93

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Quote from: Findingnemo on July 01, 2024, 02:48:56 AM

If I am not wrong the less fee that ViaBTC accepts is around 18sat/vb

To use ViaBTC free accelerator, your transaction must have the fee rate of at least 10 sat/byte. The required fee rate in sat/vbyte depends on addresses type.

For a legacy transaction, the minimum required fee rate would be 10 sat/vbyte.
For a transaction with 1 bech32 input and 2 bech32 outputs, the minimum required fee rate would be around 16 sat/vbyte.
For a transaction with 1 bech32 input and 1 bech32 output, the minimum required fee rate would be around 18 sat/vbyte.

Pi-network314159

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There is no need to use viaBtc accelerator now because it's only useful when mempool is conjested. If mempool is not conjested I see no need or reason as to use viaBtc accelerator to Faten up transaction. For me I always use lightning network for fast sending, except the network is unavailable them I will have to convert my btc to USDT and use ton network or TRC network. Or convert my btc to TRX and send to trc network for fast and easy transaction. There is always a way out to send bitcoin fast and easy without mempool problem.

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Quote from: The Hidebehinder on June 30, 2024, 04:46:45 PM

-snip- so what's the point of accelerating a transactions whose requirement would anyhow make it eligible for the next block? 7 guys still used it, why? Bots?

For the record, they are now only accepting 20 transactions per hour on their free accelerator.
So, based from your screenshot there are only 7 persons in the entire world (who can access the site) who used the accelerator within that hour.

Surely, bots aren't an issue now since when they implemented account requirement.

So the probable reason is those are users who are just doing it for assurance in case there's a sudden rush of transaction in the next minutes.
Because sometimes, it happens specially if you've just broadcasted the transaction right after the last block is mined and the next took more than 10 minutes.

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The fee fluctuates so even if the priority fee gets below 10 sats/vB, there could be an instance that a guy would have used that minutes before the fee has dropped. But even so, there's no need to use that nowadays as the network isn't clogged at all. Or just someone who uses it get used to it as the purpose of it is to accelerate, nothing more than that. Well, it's been so long since I have visited it and noticed that from like 100 free acceleration per hour cmiiw, it has dropped to 20.

letteredhub

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Quote from: The Hidebehinder on June 30, 2024, 04:52:32 PM

I know that!!!!!!
I was asking why would anyone still use it NOW?!

That's because they choose to, it's a thing of choice to either have use for it only when mempool get congested in order to accelerate your transaction or to make use of it at both low and high tx fees rate. That am using viaBTC acceleration at this moment where BTC transaction fee is low with transaction going fast even without using an accelerator doesn't warrant my choice to be questioned. What the end-receiver should be concerned about is the reception of their coins, right?

Findingnemo

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Quote from: logfiles on June 30, 2024, 05:43:54 PM

Perhaps there is even someone out there using the transaction accelerator and do not even know that the fees have dropped low for days now.

If I am not wrong the less fee that ViaBTC accepts is around 18sat/vb so there is no way that those transactions are still unconfirmed if they paid enough fee to submit it for a free acceleration.

To OP I think it's used by the bots, when ordinals came their 100 free TXs spots filled within a split-second after they refreshed their hourly quota and that's the reason ViaBTC decided to limit free TXs to 20 and some of the bots are still operating and filling the spots even though they paid enough fee for TX to be confirmed.

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Quote from: SilverCryptoBullet on June 30, 2024, 08:28:26 PM

There are other tx accelerators and we can choose one of them to use, if we don't like ViaBTC accelerator.

https://www.antpool.com/txAccelerate
https://www.f2pool.com/user/tx-acc
https://pool.binance.com/en/acceleration
https://mempool.space/accelerator

Other accelerators can be better than ViaBTC now but in future, they can become worse than ViaBTC. Decentralization, have multiple choices is better than only have one.

I guess you only read the topic title, you did not even read the topic content. You did not also read what other people have posted but you just read the topic title and post. The accelerators that you mentioned are not all free accelerators while the OP wants people to discusss about ViaBTC free accelerator and not any paid accelerators.

SilverCryptoBullet

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There are other tx accelerators and we can choose one of them to use, if we don't like ViaBTC accelerator.

https://www.antpool.com/txAccelerate
https://www.f2pool.com/user/tx-acc
https://pool.binance.com/en/acceleration
https://mempool.space/accelerator

Other accelerators can be better than ViaBTC now but in future, they can become worse than ViaBTC. Decentralization, have multiple choices is better than only have one.

johnsaributua

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Wow, quite a lot of visitors, where people can't wait for their transactions to succeed because of the uncharacteristic spike in fees. accelerator is a good solution if the amount is large enough, that's what many people suggest. I've experienced where the pending up to 4-5 days and back in my wallet because I let it and not worth the glory that accelerator offers Cheesy

. I think there are still those who experience similar things, either new bitcoin transactions and setting manual fees because they want to be cheap and don't estimate reasonable fees at that time / don't know mempool until a snag occurs or people who are used to it but are in a hurry, I learned until now, and it's better if there are transactions that I will do, I will follow the fee that sells sats / vbyte or exceed it.

PX-Z

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Quote from: The Hidebehinder on June 30, 2024, 04:52:32 PM

I was asking why would anyone still use it NOW?!

You can't expect people have the same knowledge, wallet, luck lol. Very worst to mind is using a wallet that comes with fees recommendation only from their end, not from mempool.space or the same method used.
Some just unfortunate and didn't check it's fees beforehand and come lately that fees were so low, some might be from older transactions from before.

Coyster

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Nobody is really using it that much now, just a few people who prolly do not know how to check the fee rate in the mempool and they do not know that transaction fee is quite low right now. It is a similar thing to people who overpay for a transaction, when way less than what they paid would still have gotten their transaction in the next block. Come back when fees are very high, and you'd understand when we say nobody is using ViaBTC accelerator right now.

logfiles

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It's like asking why is someone paying 200 sats/vbyte yet the average transaction fee rate now seats at 7 sats/vbyte. This is a worldwide network, and it has all kinds of people. Some are experts, others are still learners.

Perhaps there is even someone out there using the transaction accelerator and do not even know that the fees have dropped low for days now.

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Quote from: The Hidebehinder on June 30, 2024, 04:52:32 PM

I know that!!!!!!
I was asking why would anyone still use it NOW?!

Do you think there's other use of ViaBTC accelerator?
The only use of this accelerator is to speed up a transaction so maybe someone used the 7 submission because their transaction is still unconfirmed or they just want to make sure the transaction is faster to be confirmed.

If you are looking for more answers we are not a fortune teller to know why they are using an accelerator even though the recommended fee is 8sats/vbyte

_act_

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Quote from: Ever-young on June 30, 2024, 04:50:50 PM

The Viabtc accelerator is always useful when the transaction fee becomes too high for the average person to pay, and if you have a transaction you want to confirm very fast and yet you don't want to pay the required fee at that moment to make it go fast, then you can use the Viabtc accelerator.

When the mempool become congested, people will find it difficult to submit their unconfirmed transaction txid on ViaBTC. I do not rely on VIABTC anymore when I know it is not that useful during mempool congestion. I prefer to use lightning network for small amount of transaction which really helped me a lot during the last mempool congestion.

Quote from: The Hidebehinder on June 30, 2024, 04:52:32 PM

I was asking why would anyone still use it NOW?!

Probably ignorance.

Topic: Why would anyone still be using VIABTC accelerator now? (Read 242 times)