Edit: Issue resolved. The transaction was mined after my last comment below and when I got home from work. So I have talked about this a few times in the past few weeks, where I created a 0 fee transaction, which was confirmed and now has 2830 confirmations, and 6 minutes later I created a low fee transaction, which has not been confirmed in 20 days. I have no problem allowing the transaction sit in the mempool for another month or so, but how do I know it is still in the mempool? (I am using Bitcoin Unlimited 184.108.40.206). This unconfirmed transaction also means that more then .5 Bitcoin (Core) is being held up and I cannot send it to an exchange so as to divest myself of it. Thoughts?
[uncensored-r/Bitcoin] ~138000 unconfirmed transactions. Bitcoin has stopped working. And nobody is talking about it.
The following post by Kneglarin is being replicated because the post has been silently removed and some comments within it have been silently removed. The original post can be found(in censored form) at this link: np.reddit.com/ Bitcoin/comments/7ccb1h The original post's content was as follows:
How do large amounts of bitcoin unconfirmed transactions get resolved?
By looking at Johoe's Bitcoin mempool size, there are currently over 100k unconfirmed transactions and it seems to be more then their has been in six months. How does this get resolved and how is it prevented from mounting up into a huge amount of transactions?
If you pay with Bitcoin, and want to pay with very low fees, you can, as long as you time your transaction correctly. How can you do this? Very simply, the mempool flows between a lot of unconfirmed transactions and very low numbers of transactions waiting in the queue to be processed by the miners. Time your payment correctly when there are few transactions waiting to be confirmed and you will only have to pay a few cents to get included in the next block! Alternatively, if your payment does not need to recipient in a hurry, just pay the lowest fee your wallet allows, which is normally 1 sat/byte, and it will confirm in the next trough of low numbers of unconfirmed transactions. Bitcoin is capable of handling 100s tx/s, when you take layer 2, Lightning transactions into account. Lightning is the best way to do instant transactions for almost free! https://jochen-hoenicke.de/queue/#0,24h
Unconfirmed transactions on Bitcoin network at highest level since 2017
The Bitcoin network has slowed down amid Bitcoin’s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000. The […]
The number of unconfirmed transactions in the Bitcoin network at highest level
The Bitcoin network has slowed down amid new price peaks. According to Blockchain.com, on October 27, the number of unconfirmed Bitcoin transactions surpassed 100,000. This is the highest level since the end of 2017, when the price of bitcoin was at an all-time high near $20,000. Then the indicator reached 180,000 transactions. The volume of unconfirmed transactions is growing against the background of the BTC price reaching new multi-month highs. On October 27, the first cryptocurrency rose in price to $ 13'840 dollars, updating the peak of two and a half years on a number of exchanges.
The most popular and trusted block explorer and crypto transaction search engine. Common reasons for unconfirmed transactions are: You have just made the transfer. The network needs at least 10 minutes, on average, to include the transaction in a block; The blockchain fee is too low or absent. The lower the blockchain fee, the lower your transaction's priority in the network. Therefore, the longer the confirmation will take; The network is overloaded. Due to its limited ... The transactions are colored by the amount of fee they pay per (virtual) byte. The data is generated from my full node and is updated every minute. Note that in bitcoin there is no global mempool; every node keeps its own set of unconfirmed transactions that it has seen. The mempool is also cleared when I reboot my node. The idea is based on the retired service bitcoinqueue.com. The most popular and trusted block explorer and crypto transaction search engine. REDIRECT BITCOIN UNCONFIRMED TRANSACTIONS BLOCKHACKCHAIN CONSOLE Enter transaction hash. Enter your bitcoin wallet. Go! How to use console? 3 Simple Steps. #1 Select an unconfirmed bitcoin transaction from the list - https ...
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