Bitcoin transaction fees

Lordas

@SimonTower I think this option that bitcoin should be get back to wallet is not true and from old times. Nowadays with such big network almost impossible that transaction disappear from mempool. I think it will stay forever, or at least very long time. I do not know on what reasons wallet should stop propagate it. And this is the test, how network act now.
On 2nd of May there are almost no waiting transactions so it would be confirmed, but now with 100K+ waiting…
I have used Blockchain wallet. With ordinary wallet I can reindex blocks and get my BTC back, a bit harder now. But I do not want get back - I will wait for confirmation :)

Lordas

Not confirmed for 12th day :older_man:

xonar

@Lordas :angry: gggrrrrrrrrr…

wrapper

@Lordas

I have used Blockchain wallet. With ordinary wallet I can re-index blocks and get my BTC back, a bit harder now. But I do not want get back - I will wait for confirmation :)

I wasn’t aware re-indexing will do this, i.e. return any un-spenable sends. If I get a chance I’ll have another look at the code.
But, if any one knows a test that has been already been done, or someone writeup / post analyzed what should happen. @Ghostlander might know.

It’s an interesting experiment, thanks (for documenting it)

Lordas

@wrapper Yes, it is true. If you reindex your blocks (at least part of them - latest), and coins are not confirmed - they get back to your wallet. I am not sure how this work - wallet stop translating transfer and it was removed from mempool, or another way, but it works. I have tested :)

Lordas

BTW, most of BTC transactions are ~998 kB in size, so my 226 bytes transaction can be freely included… but no :(

wrapper

@Lordas Re: unconfirmed transfers :

Might be worth having a look at p2pool (source code) to see if it would process it. It should process these transfers and take into account age, where’as private pools can be adjusted for maximum profit.

FTC has a higher proportion of p2pool than Bitcoin, and I suspect that is why FTC confirm such transfers, at least somewhat (see dust coin experiment [Ref A:]).

The Bitcoin p2pool sites should include information about the last global mined p2pool blocks. e.g. to look and see if any other similar are being processed

I haven’t time at the moment, but it would be possible to identify p2pool payments in FTC explorer / ABE (during the dust coin payments). They can be distinguished by the fact that the mining fee is distributed instead of to one address.

[Ref A:] https://forum.feathercoin.com/topic/8883/feathercoin-analysis-of-possible-maximum-transactions-block-dustcoin-attack-25-10-2016/13

FlatBlack

@Lordas again, this is a ‘prove’ n ‘documentation’ process actolly, fren…
gud job for doing dis ‘xperimenting’ - kinda ‘out-of-box’ thinking…
:bow_tone1:

Lordas

More than two weeks and situation looks promising, but still no confirmation… :no_mouth:
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wrapper

@Lordas Cool chart, where’s it from, and can we see one for FTC?

Lordas

Chart is from link text. They hardly share their know-how to convert to FTC I suppose…

wrapper

@Laordas Maybe they do? : https://github.com/bitcoinfees

Just checking, seems all there. I’d have put that on Pool20, if it was still running. Looks a very interesting and do-able FTC fork. Great student project.

Let us know if there is a stopper …

Lordas

@wrapper Great!

Lordas

Boring info - 20th day and transaction still not confirmed…
Situation is getting better - mempool become smaller and I still not loosing my hope… I try :cry:

Lordas

Mass BTC selling… bye bye my hopes for fast confirmation…

AmDD

@Lordas said in Bitcoin transaction fees:

Boring info - 20th day and transaction still not confirmed…
Situation is getting better - mempool become smaller and I still not loosing my hope… I try :cry:

20 days?! wow…

FlatBlack

This post is deleted!

FlatBlack

@Lordas
sumthin related wit BTC-transaction-fees…
.
From some forum

Lordas

It has happened! Today after 26 days my transaction was confirmed! :)
At last, woohooo!

Mempool lowering lowering and only around 10K transactions waiting atm, so was confirmed with lowest profit.
It shows how important are p2pools to network and so bad is that BTC p2pool solve only 1-2 blocks per year only…

AmDD

@Lordas said in Bitcoin transaction fees:

It has happened! Today after 26 days my transaction was confirmed! :)
At last, woohooo!

Mempool lowering lowering and only around 10K transactions waiting atm, so was confirmed with lowest profit.
It shows how important are p2pools to network and so bad is that BTC p2pool solve only 1-2 blocks per year only…

What do P2Pools have to do with it?