Boosting transaction speed

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nonce_chadFull Member
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#1Sep 10, 2020, 01:53 PM
I think this is the right place to ask this? How can I speed up my Bitcoin transaction? I feel like I'm in a bit of a jam. I asked a buddy for help and he mentioned something about mempool space, but that accelerator isn't doing its job. I probably set my fee too low.
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hash_bossLegendary
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#2Sep 11, 2020, 01:32 PM
What wallet do you use? Some wallet have feature called RBF and CPFP. RBF can be used to increase fee rate/total fee of your unconfirmed transaction, which is usually best option. Their paid service is expensive. Personally i don't recommend you to use it unless your wallet doesn't support both RBF and CPFP and the TX itself is very urgent and important.
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block_2018Senior Member
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#3Sep 11, 2020, 07:48 PM
How many sat/vB do you use? the lowest is 1 sat/vB I think bitcoin transactions will be confirmed because the fees for now are very low. If you want to accelerate the transaction then use the free version only, but this does not guarantee any success. https://fujn.com/ Using mempool acceleration is expensive.
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atlas_2015Senior Member
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#4Sep 12, 2020, 08:19 AM
You can use Replace By Fee (RBF) to create a new version of your transaction that bids a higher fee.
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w0lf404Hero Member
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#5Sep 12, 2020, 10:00 AM
The lowest fee rate you can use for your transactions is no longer 1 sat/vbyte. Miners have been including transactions paying less than 1 sat/vbyte as fee for quite some time. The most recent block included many transactions with the fee rate of less than 0.2 sat/vbyte.
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ape_2018Senior Member
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#6Sep 12, 2020, 01:54 PM
You must use non custodial wallets that have coin control and RBF opt-in for using Replace By Fee (RBF) to bump your stuck transaction. Otherwise, you can use Child Pay For Parents that is more complicated than RBF. Bitcoin open source wallets that support replace-by-fee (RBF) [TUTORIAL] getting a low-fee transaction unstuck by creating a CPFP with electrum Make sure to avoid wasting BTC for too high fees – step by step guide (Electrum). How to manually set transaction fees. How to bump the fee. Using Bitcoin transaction accelerators will mostly need you spending service fee that is not cheap at all. Bitcoin acceleration services - Fee comparison.
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coin_sigmaLegendary
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#7Sep 12, 2020, 07:13 PM
Why is it stuck? The current mempool shows no congestion, and most of the confirmed blocks are 0 sat/vB. So how did it become stuck? What wallet did you use, and how much transaction fee did you set? Would you mind sharing the TXID here? Let me try to submit it and broadcast it, and maybe your transaction isn't broadcasted yet and it was created as an offline transaction. Or try submitting your TXID here: https://bitaccelerate.com/. It would help to rebroadcast the transaction to 20 well-known nodes.
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w0lf404Hero Member
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#8Sep 12, 2020, 11:14 PM
0 sat/vbyte? Miners are including transactions paying less than 1 sat/vbyte, but they don't confirm transactions with zero fee normally. It's possible that OP has made a transaction with the fee rate of 0.13 sat/vbyte or less and it hasn't been confirmed yet.
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LuckyAltSenior Member
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#9Sep 13, 2020, 04:53 AM
It shouldn't be a problem for your transaction to get confirmed since transaction fees are way cheaper. Like the posters above said, as low as 0.2sat/vB should get your transaction confirmed. Are you sending from many small input because that's only when you need to pay more. However you can use https://www.viabtc.com/en/tools/txaccelerator/ to make your transaction get confirmed. It also has a free service but I don't know how effective it's currently.
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w0lf404Hero Member
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#10Sep 13, 2020, 08:44 AM
More number of inputs or outputs can make the transaction larger and make you pay more fee, but the required fee rate stays the same. It's not that you need to use a higher fee rate, if your transaction has more inputs or outputs. In other words, two transactions with the same fee rate has the same priority, regardless of the transaction virtual size. If 0.2 sat/vbyte is enough for getting confirmation, that's enough for any transaction, whether it has one input and 1 output or it has 100 inputs and 100 outputs.
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nonce_chadFull Member
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#11Sep 14, 2020, 11:48 AM
It took a very long time but it was successful after two days, it looked like a hanged transaction but it's over now, thanks to everyone that contributed to my problem.
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