Post
Topic
Board Bitcoin Discussion
Re: Why won't my transaction confirm when my fee is higher than others?
by
mocacinno
on 05/05/2017, 08:36:47 UTC
Can someone please explain where I have gone wrong with my fee? Bare in mind that when I broadcasted this transaction the avergage fee was 60 sat/B. My fee is 100 sat/B which totals 0.00244634 but it's been stuck for like a day and a half or something.

Where am I going wrong?


TXID
78d646934f25c8aa168805b4dbd29c01e619b8c1f27c3032f7a084b9d0ff9ec0


The full analysis of the problem + the possible sollutions => https://www.mocacinno.com/feecheck.php?txid=78d646934f25c8aa168805b4dbd29c01e619b8c1f27c3032f7a084b9d0ff9ec0

It basically breaks down to the fact that at this very moment, 100 sat/byte isn't sufficient to have a 95% chance of getting in the next 24 blocks (4 hours). It does not matter what the fee was at the time you broadcasted the transaction, a miner doesn't care about the order in which he received the transaction, he only cares about which transaction in his mempool has the highest fee/byte, even if older transactions are still unconfirmed.