**bitcoin is so slow again

[milwaukee mike]

jeez 6 hours without even 1 confirmation

[pimike]

Is it bitcoin? Or the book?

[mrpapageorgio]

Holy shit! 97k pending transactions is why

[PaperTrail07]

wonder why the mass movement...price 6600 ish all day...

Holy shit! 97k pending transactions is why

[pimike]

wonder why the mass movement...price 6600 ish all day...

Monies from people scared. I’d guess. Been higher today than past 10 or so

[Optional]

One option worth trying right now would be on-sending it as soon as you see it on the blockchain (still unconfirmed)

If you send it to yourself with a large fee (double what is optimal at the time) then a miner will pick up that second transaction faster and have to confirm both to get paid for the second one.


There are a couple of accelerator services as well

https://www.viabtc.com/tools/txaccelerator/

https://pushtx.btc.com/

[Optional]

I wonder if the increase in pending TXs is due to some miners shutting down due to the halvening?

[pimike]

I wonder if the increase in pending TXs is due to some miners shutting down due to the halvening?

What’s your take? Move it or leave it?

[mrpapageorgio]

I wonder if the increase in pending TXs is due to some miners shutting down due to the halvening?

I would think that would increase the mining time then, but then the algorithm would make the adjustment after a couple of weeks.

[Optional]

What’s your take? Move it or leave it?

Move it if you have to.

https://bitcoinfees.earn.com/ still says you can get into the next block with a fee level of 74 satoshi per byte.

I would probably double that number just to be safe.


But honestly not sure why the longer than normal queue. The halvening means half the reward for miners. Maybe some hit critical profit level and are pulling out or swapping rigs to other coins. I am just pulling theories out of the air though. Have not searched btc news.

[milwaukee mike]

One option worth trying right now would be on-sending it as soon as you see it on the blockchain (still unconfirmed)

If you send it to yourself with a large fee (double what is optimal at the time) then a miner will pick up that second transaction faster and have to confirm both to get paid for the second one.


There are a couple of accelerator services as well

https://www.viabtc.com/tools/txaccelerator/

https://pushtx.btc.com/

This is a double-spent tx, unavailable for acceleration

[Optional]

Actually, looking at https://bitcoinfees.earn.com/ I see there has been a big number of transactions today who have done what I said about using a double fee.

There have been 50% more transactions using 99+ satoshi per byte than there has been transactions requested at optimal of 72


People doing that is probably whats bogging it all down, they keep jumping queue ahead of optimal fee transfers.

[pimike]

Move it if you have to.

https://bitcoinfees.earn.com/ still says you can get into the next block with a fee level of 74 satoshi per byte.

I would probably double that number just to be safe.


But honestly not sure why the longer than normal queue. The halvening means half the reward for miners. Maybe some hit critical profit level and are pulling out or swapping rigs to other coins. I am just pulling theories out of the air though. Have not searched btc news.

Makes sense

[Optional]

This is a double-spent tx, unavailable for acceleration

Probably a false flag, they usually are.

But if you post or PM the TX number I'll try to see what I can work out if you want.

[milwaukee mike]

Probably a false flag, they usually are.

But if you post or PM the TX number I'll try to see what I can work out if you want.

https://blockstream.info/tx/266f332cdf6b8009bbd68ea58015ce6cf068b53c72bae1ab4ac40028ed01b0de

keeps getting close to confirmation (if that's what 1-2 vmb from tip means) then goes way back down

[Optional]

https://blockstream.info/tx/266f332cdf6b8009bbd68ea58015ce6cf068b53c72bae1ab4ac40028ed01b0de

keeps getting close to confirmation (if that's what 1-2 vmb from tip means) then goes way back down

One of the inputs that was used as part of the total amount was sent previously with 28 satoshi per byte and is what is holding you up right now.


You can fix this if you send it to yourself again. If your wallet allows you to on-send unconfirmed transactions (I use Electrum which does)

And you're going to need to use triple the optimal fee to get all three levels of the transaction into the next block.

[Optional]

I think the 1-2 vMB from tip is saying based on your fee for this one Tx, you are at the top of the queue for the next block... but you keep getting stalled there as miners see the calculation to get paid for the last Tx is less profitable than other optimal fee sends waiting.

[milwaukee mike]

One of the inputs that was used as part of the total amount was sent previously with 28 satoshi per byte and is what is holding you up right now.


You can fix this if you send it to yourself again. If your wallet allows you to on-send unconfirmed transactions (I use Electrum which does)

And you're going to need to use triple the optimal fee to get all three levels of the transaction into the next block.

i don't think i can do that at the kraken?

[Optional]

i don't think i can do that at the kraken?

I don't know for sure, but I would imagine not at any exchange controlled wallet.


I know it seems like an extra redundant step on the surface, but it really is a good habit to always use your own controllable wallet at one end of every single send we make. Means you are never held time hostage by anyone else choosing a low fee to send to you.

[milwaukee mike]

I don't know for sure, but I would imagine not at any exchange controlled wallet.


I know it seems like an extra redundant step on the surface, but it really is a good habit to always use your own controllable wallet at one end of every single send we make. Means you are never held time hostage by anyone else choosing a low fee to send to you.

yeah i get that, but i've been only doing chunks of 1-2k to limit the price swings

2 confirmations! only took 8 hours

[Optional]

yeah i get that, but i've been only doing chunks of 1-2k to limit the price swings

2 confirmations! only took 8 hours

woo hoo, good news!



It seems like you only have to post about it being slow here and it comes through within an hour or so

[milwaukee mike]

kudos to bookmaker

this morning, realizing that things were taking forever, they upped the fees to 68.1

[stake1]

yeah i get that, but i've been only doing chunks of 1-2k to limit the price swings

2 confirmations! only took 8 hours

Eight hours? That is sick even for a person with patience

[Ant23]

Mike......I feel your pain guy b/c I used the Brd Wallet the other day for the 1st time and it took over 5 hours before I got 1 confirmation....and Brd wallet doesn't make your coins available until the 6th confirmation!!!!

[themike78]

5 hours is nothing. I'm going on 27 hours with no cofirmations. Lol. I could get the money quicker if it was mailed to me. Fuk bitcoin. Unfortunately it's the only way to fund most books. If it weren't for that I would never use bitcoin.

[mrpapageorgio]

Mempool is just under 40k, so a little more reasonable than yesterday. Sent my bitcoin from my phone wallet to my cold wallet last night for about $1 and it got on the next block.

[Ant23]

I'm guessing the uptick on the chain the past couple days is "some" guys who normally use Brick & Mortar casinos/books that are dabbing into the offshore/online market? Just my 2 cents...........

[DontTailMe]

I'm guessing the uptick on the chain the past couple days is "some" guys who normally use Brick & Mortar casinos/books that are dabbing into the offshore/online market? Just my 2 cents...........

Sportsbook traffic is just a drop in the overall bitcoin bucket. You need to think more globally than our little corner of the universe to find the culprit.

[BChrisB]

Is it bitcoin? Or the book?

I'm guessing it's the book for him. BetOnline is your typical less than 5 minutes each and everytime.

[milwaukee mike]

I'm guessing it's the book for him. BetOnline is your typical less than 5 minutes each and everytime.

um no, it was bitcoin yesterday... bol transactions were taking 5hrs+ to confirm just like others

[Ant23]

I thought I understood the blockchain dynamics but 2 months a buddy of mine sent Bovada $500 via bitcoin from his blockchain wallet. He called me because it hadn't cleared in 4 hours so I met him at the local coffee shop and ran it through the Blockchain Search and it hadn't received 1 confirmation and it was going on 5 hours? I tried an experiment and sent $70 from my blockchain wallet and told him we would drink coffee until 1 or both transactions were complete. Much to my surprise the $$$ was in my acct at Bovada before his and it still took another 5 hours making it around 6:30 pm before his $$ was in the book. We both sent it PRIORITY and paid the higher fee so I understand now that I may not know as much about blockchain and the network as I thought I did

[DontTailMe]

I thought I understood the blockchain dynamics but 2 months a buddy of mine sent Bovada $500 via bitcoin from his blockchain wallet. He called me because it hadn't cleared in 4 hours so I met him at the local coffee shop and ran it through the Blockchain Search and it hadn't received 1 confirmation and it was going on 5 hours? I tried an experiment and sent $70 from my blockchain wallet and told him we would drink coffee until 1 or both transactions were complete. Much to my surprise the $$$ was in my acct at Bovada before his and it still took another 5 hours making it around 6:30 pm before his $$ was in the book. We both sent it PRIORITY and paid the higher fee so I understand now that I may not know as much about blockchain and the network as I thought I did

Your wallet software is estimating the appropriate fee amount when you select "priority". It's possible that the software's estimate wasn't very good when your buddy sent his $500, and you paid a higher fee, which is why it went through much faster.

[mrpapageorgio]

Your wallet software is estimating the appropriate fee amount when you select "priority". It's possible that the software's estimate wasn't very good when your buddy sent his $500, and you paid a higher fee, which is why it went through much faster.

This.
The algorithm your buddy's software had may not have updated fast enough at the time to account for a growing mempool and used a smaller fee than what would've been more appropriate when yours may have already been updated to account for the large mempool.

[DroopyDog]

Switch to an alt coin like ETH if your book accepts it.

[Optional]

I thought I understood the blockchain dynamics but 2 months a buddy of mine sent Bovada $500 via bitcoin from his blockchain wallet. He called me because it hadn't cleared in 4 hours so I met him at the local coffee shop and ran it through the Blockchain Search and it hadn't received 1 confirmation and it was going on 5 hours? I tried an experiment and sent $70 from my blockchain wallet and told him we would drink coffee until 1 or both transactions were complete. Much to my surprise the $$$ was in my acct at Bovada before his and it still took another 5 hours making it around 6:30 pm before his $$ was in the book. We both sent it PRIORITY and paid the higher fee so I understand now that I may not know as much about blockchain and the network as I thought I did

You friends send may have used multiple inputs to make up the entire amount. Each input adds extra bytes to the transaction. AFAIK blockchain wallet uses a set amount as the priority fee that does not change based on the number of inputs so can end up not being a high fee really.

It's good to clean your wallet out completely as often as practicable, so you dont end up with a bunch of "dust" that can end up adding up to a lot of bytes when all used in a send.