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/biz/ - Business & Finance


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4081747 No.4081747 [Reply] [Original]

How long is too long?

I sent 1.3 BTC my Electrum wallet to Bitstamp (was going to sell it yesterday if it hit 6K).

Its been unconfirmed now for 17 hours. This is not the first time Ive sent BTC from Electrum, it worked fine last time). I look up the TX ID on blockonomics and estimated confirmation time keeps going up (its at 13 hours now) and its been over 17 hours and still says 'unconfirmed'

How long is too long?

>> No.4081859

Yes it takes a good while.
Next time pick PRIORITY and pay the extra 2 cents if you want it faster rajad.

>> No.4081881

>>4081859
Ok thanks for the info. I didn't change any of the fee sliders the first time I sent from Electrum and it was the "normal" approx 40 minutes.

Next time I'll plus up the slider.

Thx

>> No.4081921

>>4081747
>tattoo
DROPPED

>> No.4081953

>>4081921
Ya she's got a couple now (Filipina girl I used to bang when I lived there). She didn't have them back then tho.

>> No.4082308

You can thank Blockstream/Core for the congestion. Soon they will release off-chain products (that they profit from) to help you with these shitty transaction times.

>> No.4082422

This is why you should be long on ETH

>> No.4082453

>>4081747
Oh dear, oh no there there goy everything is going to be ok. Money disappears sometimes you know?Keep your chin up I bet you'll wake up in the morning and everything will be just fine. Wallets can't stay empty by themselves.

>> No.4082526

>>4082453
This is kinda what Im worried about. The transaction has been unconfirmed for 19 hours now.

Its 8000 USD worth of money too. If I just had 8 grand magically 404 on me, well, I'm done with this Crypto crap for good.

>> No.4082552

>>4082526
If it gets no confirmations for too long the transaction is cancelled so no need to worry about losing the coins.

>> No.4082556

>>4082552
Any idea how long is too long tho?

>> No.4082568

>>4082556
What fee did you pay? I had some stuff to send today and paid 0.00032544 and it was delivered in under 30 mins.

>> No.4082586

>>4082556
https://bitcointalk.org/index.php?topic=1533496.0
according to this 72 hours

>> No.4082587

>>4082568
Im new to using Electrum to send BTC. Ive done it twice, and neither time did I change the sliders or check boxes from their default settings. The first time it took 30-40 mins. This time Im at 19 hours and still counting.

From blockonomics, looks like the fee was:
Transaction Fees: 0.00032009 BTC

>> No.4082608

>>4082586
>https://bitcointalk.org/index.php?topic=1533496.0
Thx for the link. Maybe I'm stuck for 72 hours !

>> No.4082612

>>4081747
https://blockchain.info/charts/mempool-size

>> No.4082643

>>4082612
I dont even know what the hell this means (Over 40 norman checking in)

>> No.4082674

>>4082643
"When a Bitcoin transaction is transmitted to the network it first gets veried byall of the Bitcoin
nodes available. After it successfully passes verication it goes and sits inside the “Mempool” (short for Memory Pool) and patiently awaits until a miner picks it up to include it in the next block. So the Mempool is basicallythe node’s holding area for all the pending transactions."

>> No.4082678

Fellow over 40, get another phone and install a wallet, import your seed / private key there and try to resend again but this time with higher fee.

>> No.4082700

>>4082674
Thx. I still dont really know how to interpret that chart. Just means "theres a lot of transactions pending?"

On BTC.com in the TXID tracking page, there is a button for a paid transaction accelerator. pushtx.btc.com I believe. They want 20 USD to accelerate my transaction. Is this a scam?

>> No.4082713

>>4082678
Interesting. I sent the 1.3BTC from Electrum using my mac laptop (so its an Electrum.app).

Are you saying that I can install an electrum app on my iPhone, use the same login / seed/ private key data and re-send the 1.3 BTC again??

>> No.4082716

>>4082700
>Is this a scam?
no, this is bitcoin segwit™ brought to you by lukejr® sponsored by blockstream©

>> No.4082730

>>4082608
By the way, it's no longer 72hrs, corestream had this upped quietly to 2 weeks as part of their strategy months ago. This is to drive up onchain tx fees so they can cripple bitcoin and force users to pay for their segwit bullshit product

>> No.4082748

>>4082713
yes correct, this is called double spending / intercepting the initial tx before it gets confirmed. Perfectly valid since you hold the priv keys

>> No.4082749

If you zoom the chart out to 60 days you will see the relation to an average memory pool size on the network. Imagine your computer being low on memory due to numerous open applications. The chart is all the ram on all of the nodes for the network.

When the memory capacity spikes high like this nodes need a way to decide what to process and what to ignore. Likely other transactions are paying slightly higher fees cutting you off until traffic normalizes, the transaction times out or you process a double spend causing it to cancel the first order described by >>4082678

This is exactly why BTC is going through these hardforks right now.

>> No.4082802

>>4082748
Interesting!!! Might go this route if it doesn't clear by tomorrow.

>>4082730
Ahhh!! This makes sense too.

>>4082749
Thanks for the explanation.

Its not urgent anymore, I missed the near 6K sell I wanted to get in on yesterday. Ive had good luck (so far) buying at 5500 and selling at 6000. Wanted to do a repeat of that but its too late now.

Today /biz was helpful. Some of you guys are alright, dont go to Guam tomorrow.

>> No.4082858

>>4082422
Just picked up 2K worth of ETH. Thx!

>> No.4082885

https://tradeblock.com/bitcoin
this is a much more useful way of seeing what the hell is going on with the mempool when you want to send coin
will be nicer once we have segwit on electrum wallets. hopefully this is out with the next version stat... they are a little behind schedule

>> No.4083096

>>4081953
More pics pls. Feet.

>> No.4083097

lol i randomly received 1.3 bitcoin today

whats up guys

>> No.4083118

>>4081747
this ass is photoshoped

>> No.4083136

>>4083118
No, its not.

I have more of her but I got banned for 3 days last time (they aren't blue board approved)

>>4083097
Crap! Send it back please!

>> No.4083158

>>4083136
Please post anon.

>> No.4083171
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4083171

>>4083158
Ok, heres one that shouldnt get me banned:

>> No.4083186

>>4083171
Why lie bro? Post more.

>> No.4083198

>>4083186
I cant post more or I'll get banned again (not that it was a big deal to change IP's but hey, I respect /biz a bit)

>> No.4083202

>>4083171
Nice tattoo of a dong with wings.

>> No.4083218

>>4083198
Who cares about being banned....lurk moar faggot.

>> No.4083465

>>4081747

Dump that shitcoin and use Bitcoin Cash dumbarse

>> No.4083583

>>4083198

No you don't, post moar

>> No.4083602

is that butt photoshopped?

>> No.4083632

>>4082308
Hmmm seems like they created a problem to sell the solution....to bad they will be irrelevant in 3 weeks

>> No.4083790

>>4083632
Im in the process of sending 7 x ETH to MEW and even that has so far taken 1:34 and hasn't been completed (though at least the block confirmations # is ticking up).

WTF

>> No.4083799

*correction, disregard. the ETH transaction had gone thru just fine in under an hour*

>> No.4084245

>>4081747
use the viabtc accelerator. make sure you use at the beginning of an hour. always worked for me.

>> No.4084263

Looks like you're going to have to go inside the blockchain itself you retrieve your bitcoins. You'll have to fight the miners, though. They're some tough fuckers.

>> No.4084279

>>4083799
weird, eth usually takes me less than 3 minutes to transfer and i only use about $1 worth of fees.

>> No.4084490

>>4081747
post tx hash, ill confirm it, miner here.

>> No.4084779

>>4084490
d93694150f86f57b6d5b9dcd66a5a1ae6d0182a10ffd6ec98d469796d5fed87d

>> No.4085376

>>4084490
Crap. I’m at the bar on my cellphone. Can’t seen to find an Electrum app on the App Store so I cant get the TXID until I get back to my laptop.

>> No.4085385

>>4084263
Jesus. What kind of gear do I bring??

>> No.4085886

>>4085376
yeah, post it later I guess.

>> No.4086971

Transaction ID: f9312e2677c315ce5c16f938aaf69ed4931110b8f28c5bdbb24fef7113b86b73

>> No.4086998

>>4082587
had the same problem, i received like after 1day. maybe even a little longer , i remember waiting like 18 hours, went to sleep, woke up and it arrived.

>> No.4087053

>>4086998

Wow futuristic money, 18 hours for a transaction that only cost $2-3!

Meanwhile Bitcoin Cash would take ~10 minutes or instant if you accept zero-conf and cost you a fraction of a cent.

>> No.4087312

>>4087053
or vtc