Post
Topic
Board Bitcoin Discussion
Re: [Problem] unconfirmed 2 * transaction from 7 days
by
serjent05
on 02/03/2021, 16:51:25 UTC
Besides it would have been understandable if the unconfirmed tx was only the previous one, but they are creating a long chain of unconfirmed transactions and if one of the ancestors (like 6f06c23dd9...) uses RBF to bump the fee, the entire chain becomes invalid and they'll have to resend all of those transactions again manually.

It looks like there is no other way for OP to fix the thing but to wait until all the ancestor's transactions are confirmed.  Considering the given scenario, RBF and CFNP won't help in  this case without invalidating the latter transaction,  Yes? 

can this be resolved by itself if I wait?
To be honest on hundreds of thousands of dollars, I never had that with them
1. If the coingate staff was serious, the issue would have been resolved by bumping the fee of the first unconfirmed transaction so that it's confirmed. This would make your current unconfirmed transactions invalid, but they would then have to create a new transaction and send you your Bitcoins. Perhaps the person paying out people's withdrawals isn't competent or knowledgeable enough about Bitcoin fees and what's making it worse is that they are creating more transactions using outputs of previously unconfirmed transactions. So, it's now a long chain of unconfirmed transactions.

2.  If you wait it out, the earlier unconfirmed transaction being at 3 sats/byte, I don't think it will be confirmed. It will eventually be dropped out of the mempool (approximately 2 weeks from the time it was broadcasted) and make all the following unconfirmed transactions including your invalid.
Again the coingate team has to create new transactions in order to pay your Bitcoins

I think Option one is what they have to do because it all ends with them having to resend the Bitcoins. After all it was the silly mistake, not yours.


This is quite scary if in case, the company intends to exit scam, using this method is surely very effective.