Post
Topic
Board Bitcoin Discussion
Re: Transaction unconfirmed 5hours. should I worry?
by
Assface16678
on 17/07/2020, 13:30:32 UTC
I think you should wait for the meantime and also you spent almost five dollars just for the transaction fee and this is just good enough to make a fast transaction I think there is some traffic happen on the too many transactions that are already held.

Base on my experience on using an electrum wallet I just use over 110 sat/byte and that transaction took over five to ten minutes before I receiver got the payment. I think you should want it for the meantime.

I understand your being worried. Usually confirmation time for a Bitcoin transaction was 9.8 minutes, but sometimes we have to wait hours. Just don't panic it will be confirmed.

That is true when you already saw your transactions to the blockchain it is already good and you already need is to wait don't pressure and getting panic because of this only. Most of the people uses that are experience those kind of problems.

Don’t look at how much the fee costs in dollar terms, you need to calculate the right fee in sats per byte. You can use this website to see what a good fee is to get a semi quick confirmation depending on the mempool status-
 https://btc.com/stats/unconfirmed-tx

For example as I post this message 12 sat/byte is enough atm.
Your transaction was 44 sat/byte which by the way now has 77 confirmations so you can lock this thread Smiley

39.9 sat/byte is the minimum enough to make the transaction easier and faster 110 sat/byte is enough and this is just a few minutes then I already get the funds immediately.