Post
Topic
Board Service Discussion
Re: ViaBTC accelerator not working?
by
HCP
on 19/12/2017, 22:06:42 UTC
The fee isn't that low, geez, it's 60 fuckin sat/b.... Why isn't it showing anywhere....
When the "recommended" fees are over 500 sats/byte... "60 fuckin sat/b" may as well be zero sats/byte Undecided

Especially with 100,000+ unconfirmed transactions floating about in the mempool...

Looking at https://btc.com/stats/unconfirmed-tx we can see that currently there is at least 72 megs or roughly 72 blocks worth of transactions that all pay higher than your 60 sats/byte.

At an average of 10 minutes per block, it would theoretically take 12 hours for all those transactions to be confirmed before yours... But only if no more transactions were added. Each transaction that gets added from now that has a higher fee, is effectively shunting your transaction further down the queue... And delaying confirmation of your transaction.

I'm personally wondering when the point will arrive that you'll get faster confirmations by simply mining your own block with a GPU Roll Eyes #onlyHalfJoking