Post
Topic
Board Bitcoin Technical Support
Merits 1 from 1 user
Re: Bitcoin transactions unconfirmed
by
ranochigo
on 14/04/2021, 11:41:32 UTC
⭐ Merited by mocacinno (1)
Thanks pooya
That was a lot of great info

I probably made the fee too low...

I will post my transaction:
https://www.blockchain.com/btc/address/3B4eeUd6pacEdnJfTfkfUUzPjcLSzmnGkr
If you're in a hurry and is willing to pay a lot more fees, you can use CPFP. Assuming that you're controlling 16qAvw1qDmJbAR9yeS54yrVe2r38d1T86K, you can spend a transaction with a higher fee to bump your total transaction fees. The total size of both transactions would be 416 bytes if your child transaction is 1 input-1 output. You can calculate the fees that you need by a simple calculation; calculate the total fees needed for your desired fee rate and calculate the amount of fees your second transaction needs and thus its fee rate.

If you're willing to wait, then its fine. Fees can get much lower during the weekends, I made a <8sat/vbyte transaction during the weekends and it was confirmed fine within a few hours.