Post
Topic
Board Development & Technical Discussion
Merits 2 from 1 user
Re: Question about confirmations and reorg
by
DannyHamilton
on 15/02/2021, 15:55:38 UTC
⭐ Merited by ETFbitcoin (2)
Hi guys (and gals? Tongue)
Hi.

So here's what I'm Wondering;
After a transaction is made, is there any chance it won't be confirmed at all?
[/quote]
Yes.

If so, what would cause it not to be
  • Insufficient fee
  • invalid transaction
  • poorly connected wallet

and what are the odds of that?
  • Nearly zero if you pay a sufficient transaction fee
  • Nearly zero if you use well written and reviewed open source wallet software
  • Very, very low as long as you can access pretty much everything else on the internet

If there's a re-org and the transaction goes back into the mem-pool, would it be confirmed automatically later?
Almost certainly.  That's WHY it went back in the mem-pool instead of being deleted. However, in MOST cases, it will already be confirmed in the re-org.

Also, what was the longest period of time you had to wait for a confirmation?
Three weeks, because I INTENTIONALLY paid an insufficient transaction fee. I was not in a hurry, and just kept re-broadcasting the transaction until transaction fee requirements dropped.

I once made a transaction that took almost a day for it to be confirmed, and if I remember right it also took a long time until it even appeared in the recipient's wallet. could it have been the result of a bad wallet?
Depends on the wallet you and the recipient were using.  Perhaps they were using a wallet that only displayed CONFIRMED transactions? Perhaps you were using a wallet that did a poor job of fee estimation?  It's also possible that the required fee for a fast confirmation suddenly increased immediately AFTER you sent the transaction.  This is why I like to use wallets that support RBF.

It was about a year ago so I don't think the network was very busy.
Or, maybe it was.