Altcoins Talks - Cryptocurrency Forum
Local => Nigerian Languages => Topic started by: Igebotz on December 22, 2023, 07:06:30 PM
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I wan hear how una dey take cope with the current Naira Scarcity and Bitcoin mempool congestion situation on ground. Personal e dey affect me as most of my assets dey for my offline wallets and moving the coins to CEX has been wahala for me, last week I was forced to pay around N34k for $100BTC transactions, after I struggle to trade it to Naira to come get physical fiat come be another wahala.
The CBN are accusing PoS and DMBs banks of hoadling and selling cash and causing the whole Naira scarcity (https://twitter.com/cenbank/status/1738113445243851121?t=5PLdo0J_FCVje4Hcl8D8tw&s=19)
Current mempool priority rate na N10k per/transaction for 1 UTXO
(https://talkimg.com/images/2023/12/22/ImbJT.jpeg)
I go like hear how una dey use survive this period.
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Baba there is no two way about this situation other than to spend less, and just focus on survival, because both online and offline, the matter tough for ordinary man oooo, sake of say we no come get any alternative join come make the matter worst, for example hard it been say person done get enough altcoins on cex before this mempool issue come join baira scarcity for this festive season.
Imagine person get money for wallet but you no fit near amm sake of say the transaction fees to take send amm go collect all the money join me so the matter tires me somehow.
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Omo the naira scarcity wahala just tire me, just yesterday I say make I go withdraw small 20k from POS, this people get mind charge me 5k, 5k for 20k Jesus, I wan cry, honestly I no really know who to blame for all these wahala, if I say make I blame naija government, I go also blame them for BTC Memepool congestion? Everywhere just scatter, I just dey try console myself say na just because say now nah festive period and na so things dey likely be and maybe after Christmas, things fit dey better, I just pray so.
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For me sha, the whole thing just dey tiring, most especially the high cost bitcoin transactions fees, na this one dey pain me pass, because when it comes to naira scarcity, this one dey very easy to cope wit for my area here since several businesses now have POS machine, even some market women now get POS machine, so this one no dey too pain me, as sometimes self, I fit dey for house for like 2 to 3 weeks and no single cash go dey hand, but me and my family go still dey chop normal normal, plus do other expenses as well.
But when it comes to this bitcoin transaction fees, an em dey pain me pass, last week, I won withdraw $100 worth of bitcoin from my account, I have to spend like 8k naira for fees, omo, after I check wetin that 8k for do for me, I begin dey feel like person wey loss money wey him no plan to lose to gambling.
Anyhow Sha, I believe say everything go still dey alright, maybe all this one dey happen because say we dey for Christmas and new year celebration and season, I believe say as soon as Christmas celebration and new year is over, system go reset back to normal again.
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Imagine person get money for wallet but you no fit near amm sake of say the transaction fees to take send amm go collect all the money join me so the matter tires me somehow.
This is the second time wey this matter dey sup for BTC mempool and yet I no take any precautions from the last mempool congestion as I been think say e no go happen this year again but I don observe say na wetin miners dey do anytime BTC price increase and the buy demands come high. Las Las e better make person just keep altcoins for exchange and not solely dependent on Bitcoin.
Omo the naira scarcity wahala just tire me, just yesterday I say make I go withdraw small 20k from POS, this people get mind charge me 5k, 5k for 20k Jesus, I wan cry, honestly I no really know who to blame for all these wahala, if I say make I blame naija government, I go also blame them for BTC Memepool congestion? Everywhere just scatter, I just dey try console myself say na just because say now nah festive period and na so things dey likely be and maybe after Christmas, things fit dey better, I just pray so.
E never reach like this for.this side but I noticed an increase of N50 on every charge and some PoS agents were complaining how difficult it is for them to also get cash as only those PoS agents with connections dey get access to money at the back.
What do the DMBs and CBN benefit from. Scarcity of Naira every celebration seasons?
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As for me di scarcity e no dey too much affect me because I dey use transfer to buy most of the things, na only di kitchen things nai I dey buy with cash and even as dat no be all I dey buy with cash sef. And na dis kind things nai make me stop PoS business dis year. Weti dem dey hodle di money for. CBN sef follow for di matter and if him no follow make him arrest any bank manager wey refused to dispense di money to do customers. And thing wey dey pain me pass na di mempool congestion that cause the high transaction fee. Dis one now dey make people to hodling their coins for dis festival period. And dis come dey make managers to cut campaign participants weekly pay to pay di transaction fee. Really dis two matter dem wey dey ground dey worry people well well. Money dey wallet you no fit collect and money e dey Bank you no fit collect. Which kind wahala sef I no know.
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Omo nor easy Ohhh Wetti dey help me some POS wey dey near manage get some cash, so I dey mind d way I tey dey withdraw I dey go there very early. While for Btc fee that one nah b one of d Wahala better money wey u get for wallet fee go just chop for inside. That still good to get Wetti still dey give u cash Shey u go put all your hope for here Omo e go choke. That y most pipo still dey run their daily job oh.
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I wan hear how una dey take cope with the current Naira Scarcity and Bitcoin mempool congestion situation on ground. Personal e dey affect me as most of my assets dey for my offline wallets and moving the coins to CEX has been wahala for me, last week I was forced to pay around N34k for $100BTC transactions, after I struggle to trade it to Naira to come get physical fiat come be another wahala.
My chief, the whole matter tire everybody. Like play like play the congestion done dey Increase, and this now na time wey people suppose dey perform more transactions for the festive period and ahead of the coming halving. The issue of ordinals wey dem dey store 4 Blockchain na something wey we still gat use one eye look. E fit b part of watin dey contribute to this current situation on ground.
The CBN are accusing PoS and DMBs banks of hoadling and selling cash and causing the whole Naira scarcity (https://twitter.com/cenbank/status/1738113445243851121?t=5PLdo0J_FCVje4Hcl8D8tw&s=19)
Current mempool priority rate na N10k per/transaction for 1 UTXO
I go like hear how una dey use survive this period.
Na dis one dem dey call 'E don Burst'. Shebi na dis same CBN approve de use of PoS machines ?. All this PoS matter for no come if 90% of the banks wey dey naija dey repair their ATM machine. This piple clearly wan make more money, so they gat lie with cash matter. Make CBN just chill, bcus all this issues start from them. No b crime to enforce law for every bank to get at least two working ATM machines with constant cash to give out.
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Igebotz this two things just dey like pesin wey him house dey burn fire no dey leave him load go chase rate..
my brother this one no be small matter na so today I carry myself enter POS to collect cash dem tell me say 10k na 1k, na so my eyes shine say madam wetin be d problems na why you wan play me, na so all of dem begin laugh me say i no know wetin dey happen for dis we kontri say why i go con cap dem dat kin tin na say money don scars manage d one wey i see.
Now talk about the mempool congestion my broda dat 1 now na serious casala infact na no go area our payment don hang for about 10 day now including the current week payment e no gree deliver at all.
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Well, as the matter dey be now, d country don tire everybody. We no come no who to blame for d current situations wey dey go on. Before in d days, during Christmas and New Year celebrations, people dey flex buy things, travel and do many other correct Tin's wey go make d celebration sweet dey well. But dat wan no be watin we dey see now. No cash, cost of transportation high, food no dey, chicken cost and average Nigerian no fit survive. Instead of government to dey find solutions for all these matter Dem, Dem go dey blame pos wey still dey try help us see d small cash. I no blame Dem sha.
As for mempool, I just rest o becos I no fit dey loos money all in d name of I wan do transaction. For now, anything wey concerns withdrawing coin, I no just dey interested the small change wey dey with me go reach hodl me till after Christmas so I no go just border. D matter just dey worse day by day but we no say e no go fit last normal. We don first experience Dis kind situation before as no be today. D problem be say e never stay long like dis before. Make we sha dey hope from now till January sha make everything better. New year, new improvement. Una Weldon my countri people
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Igebotz, this thing tire me so tey e tie wrapper. I come begin ask myself as e relate to naira scarcity, why e be say Na festive season all these naira scarcity wahala begin start before Na fuel dey scarce when e din begin reach festive season but now ba naira. I come dey wonder wetin dem dey gain for this their act to dey punish people just for the sake of making profit. People just dey take advantage of situations just to enrich themselves at the detriment of the masses.
For the Bitcoin fee, I must say that one is something else. My transaction git stocked up for almost a week and just because of fee. Pending payment for over two weeks. I would advise that people seek alternative means of transaction for now till the congestion drops. As at yesterday night my friend informed me about his low fee transaction being confirmed which means that the mempool is beginning to normalise.
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For the Bitcoin fee, I must say that one is something else. My transaction git stocked up for almost a week and just because of fee. Pending payment for over two weeks. I would advise that people seek alternative means of transaction for now till the congestion drops. As at yesterday night my friend informed me about his low fee transaction being confirmed which means that the mempool is beginning to normalise.
The mempool is less congested now from the time I drop this topic, E do drop from 154sat/vB to 94sat/vB as of today na like $5 now to get high priority
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
Yes you are correct someone contacted me about the viabtc to help accelerate transactions but when i tried to do that i couldn't, I waited for the free time to come as usually said after 1 hours then someone can submit his txt id for acceleration.
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.
This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
Yes you are correct someone contacted me about the viabtc to help accelerate transactions but when i tried to do that i couldn't, I waited for the free time to come as usually said after 1 hours then someone can submit his txt id for acceleration.
I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.
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Omor this scarcity of cash for this Xmas season just day tiring, I Don they think am since why anytime e reach festive period, common thing we day used go day add price, cash no go day bank to collect, pos go day increase charges fee and it affecting the common man, using cash to still buy cash e day very bad and I no know weather we go blame our government or the masses way day follow make things difficult for the common man
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I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.
We dey battle with Ordinals NFTs for BTC block space causing high gas fee and BTC network congestion, Ordinals don mint NFTs full for BTC network and are using their bots to spam the free ViaBTC accelerator to get their JPEG minted.
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I heard that the ordinals have Spam the viabtc so they can't accelerate people submitted application to accelerate the transaction for them. But wait is it that the developers of Bitcoin can't remove the ordinals from the Blockchain or Dem dey benefits from di ordinals. I am just tired of the whole stuff. And the fee is not even coming down for people do transaction. But the pays one of the viabtc is working and that means, this is not ordinary because they are blocking all the free channels to make a transaction.
We dey battle with Ordinals NFTs for BTC block space causing high gas fee and BTC network congestion, Ordinals don mint NFTs full for BTC network and are using their bots to spam the free ViaBTC accelerator to get their JPEG minted.
nawao this kind thing. Bitcoin wey we dey take dey manage dey settle some kind of bills wey dey worry instant nai dis guys carry their wahala come spam di network wey dey worry people like dis. Dey even come to the extend of spamming di free ViaBTC wey we dey take dey manage accelerate our transactions. E be like shey dis people are there for something else. Well even at that we know shey everything go pass. Let's be patient with it. Dis can even help some us to hodle.
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The mempool is less congested now, went from 154sat/vB to 38sat/vB since my last update Una fit dey run una tx now.
(https://talkimg.com/images/2024/01/06/sEGvb.jpeg)
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.
This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
I heard that the congestion don come down small and the transaction fee sef e don come down so now people fit go go back to their non custodial wallets and use them again. You know shey everyone wants to accelerate their transaction very fast so small open space dem go use am accelerate and make their transaction very fast. Well we thank God everything. At least people coin save in dis period.
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But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.
This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
I heard that the congestion don come down small and the transaction fee sef e don come down so now people fit go go back to their non custodial wallets and use them again. You know shey everyone wants to accelerate their transaction very fast so small open space dem go use am accelerate and make their transaction very fast. Well we thank God everything. At least people coin save in dis period.
I just hope bitcoin developers go fit come up with something real quick to stop ordinals from spamming the bitcoin network. As transaction fee don come down no mean say e no go rise again. Make ordinals go build their own blockchain, run am the way dem want, we really see sege for their hands in the month of december.
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December been choke because of the congestion and fees during the time be like say e reach times two.
I no know why things dey always dey harder when December or such kind of celebration season reach.
I know the kind small hell wey I see and as I been dey tell my friend, ordinals and most of the new projects on Blockchain dey very contributory to the palava of memepool congestion and hike in transaction fees.
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(https://talkimg.com/images/2024/01/13/3zTcm.jpeg)
A little congestion on the mempool, 80% fee increase from the last time I updated this thread. Sad news is that ViaBTC is still not accepting free tx acceleration at the moment still. Don't get stuck, always check the mempool before making transactions.
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December been choke because of the congestion and fees during the time be like say e reach times two.
I no know why things dey always dey harder when December or such kind of celebration season reach.
I know the kind small hell wey I see and as I been dey tell my friend, ordinals and most of the new projects on Blockchain dey very contributory to the palava of memepool congestion and hike in transaction fees.
Ordinals come use style bring one kind hardship for we bitcoiners because you get bitcoin to sell cash out small funds to use hold body, e go turn to India fee because of high transaction fee based on the mempool congestion. If you be person wey no fit take the pain risk the high fee, na so your transaction go dey for the mempool because no miner to add am to the next block for confirmation. I no fit cry on the 28th wey I suppose travel my Btc transaction disappoint me and I just dey house dey try ViaBTC accelerator to see whether e go dey possible for me to add am join their free 100 transaction but no way. Na till on 30th na e I come fit travel. If una see the joy wey dey my body say my coins show for CEX, e be like say I win jackpot. As I dey so, I still get one transaction for my local wey never confirm for two weeks now but wetin I won do nothing, as I dey wait patiently for any mempool to add the transaction back to their next block. Ordinals make bitcoin transactions dey vex person.
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Nigerians are very strong people in any situation we found ourselves we must survive, as for the mempool congestion it was meant to happen, when their are more unconfirmed transaction and more coming what do we expect, I think to solve this stuff is to improve on better transaction accelerators because if this eventually continues, it might lead to where new investors will be thinking otherwise, bitcoin is improving daily, ordinarily it's transaction processes are expected to improve too, this will enable it's smooth usage, how will be using an amount that you are suppose to hold or exchange to pay for a fee for fast processing of your transaction no matter how it sounds it is very annoying most times, every one is not meant to hold at the same time, though this is may thought.
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Naira scarcity no follow for the things wey dey worry me self because I can easily get cash from filling stations if I really need to use cash. The only time the thing trouble me na when I travel go village for the Xmas, omo it was not easy o, e remain small make person share him money with the POS operators.
With my card sha, I no get plenty problems... make money dey inside and we go dey ok. Na to get the robbers be the koko
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Naira scarcity no follow for the things wey dey worry me self because I can easily get cash from filling stations if I really need to use cash. The only time the thing trouble me na when I travel go village for the Xmas, omo it was not easy o, e remain small make person share him money with the POS operators.
With my card sha, I no get plenty problems... make money dey inside and we go dey ok. Na to get the robbers be the koko
Na deliberate act wey CBN and banks dey run every Xmas period for their own selfish gains. Den dey make the naira scarce make POS and other money exchangers come dey buy from them to sell to the public. You no notice say everything concerning naira scarcity don end?
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ViaBTC free accelerator has exceeded it order limits and are not longer accepting new free orders. Crazy times ahead.
But I see 28 free spots today ooh, but the only thing be say, as I refresh the page three times nah only 6 remain.
This thing nor funny again ooh, person go just Dey waste money sake of this congestion. Money wey man go take run better thing he go Dey use am broadcast transaction.
I don reason the matter seriously and as e be now e look like the transaction fee don increase again but no be as e been dey before. You no go dey reason how much you want spend for fee compared to wetin you want withdraw. Just this morning I say make I check as network matter be for trust wallet based on say I want to make withdrawal. I try $10 wetin I see baffle me, the fee wey I see for trust wallet scare me . You can imagine say the fee Na $12 I see. Omo, I just adjust from them immediately because I no fit troway money like that na. E too expensive for me to do .
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Just this morning I say make I check as network matter be for trust wallet based on say I want to make withdrawal. I try $10 wetin I see baffle me, the fee wey I see for trust wallet scare me . You can imagine say the fee Na $12 I see. Omo, I just adjust from them immediately because I no fit troway money like that na. E too expensive for me to do .
Wait dem Dey fit adjust transaction fee for Trust wallet? I never really use that wallet for bitcoin before so I nor know the settings.
But hope say you know say TW nah closed source wallet? If at all I go say make you go download BlueWallet for your phone, he better pass say you Dey TW.
Concerning the fee – at the time of making this post the fee is:
Fastest Fee: 64 sats/vbyte
HalfHour Fee: 59 sats/vbyte
Hour Fee: 53 sats/vbyte
Economy Fee: 48 sats/vbyte
Minimum Fee: 24 sats/vbyte
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Wait dem Dey fit adjust transaction fee for Trust wallet? I never really use that wallet for bitcoin before so I nor know the settings.
No, it does not support RBF or CPFP functions.
Concerning the fee – at the time of making this post the fee is:
Fastest Fee: 64 sats/vbyte
HalfHour Fee: 59 sats/vbyte
Hour Fee: 53 sats/vbyte
Economy Fee: 48 sats/vbyte
Minimum Fee: 24 sats/vbyte
Last 24hrs on the mempool...
Low priority: 124 sat/vB $12.13
Medium priority: 134 sat/vB $13.11
Priority: 141 sat/vB $13.79
https://www.viabtc.com/tools/txaccelerator is still closed for free accelerators.
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Last 24hrs on the mempool...
Low priority: 124 sat/vB $12.13
Medium priority: 134 sat/vB $13.11
Priority: 141 sat/vB $13.79
I have refused making any transactions because the fees are too high, today the fees went as low as
low priority: 28 sat/vB $2.65
Medium Priority: 34 sat/vB $3.22
High Priority: 42 sat/vB $3.98
But I am still waiting because the tx fee is very unstable and it can take just a moment for the High priority fee to become the No Priority fee. I do not want my tx to be stuck.
Due to High transaction fees a newbie investor can decide to hodl in exchanges which may later end up becoming an action that they will regret.
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https://www.viabtc.com/tools/txaccelerator is still closed for free accelerators.
They are not closed - it's just that they have reduced the amount of free accelerator they now accept which has made it very difficult for you to see one to use.
I just went to their site and they can see that they had four spots open for free acceleration. (The image below was taken few minutes before I made my post, you can check the time on it for verification).
(https://i.ibb.co/q15xXjT/IMG-0904.jpg) (https://ibb.co/KywmRhT)
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last 24hrs - heavy fluctuation today.
No Priority 12 sat/vB $1.02
Low Priority 88 sat/vB $7.50
Medium Priority 94 sat/vB $8.01
High Priority 100 sat/vB $8.53
SOURCE Mempool (https://mempool.space/)
They are not closed - it's just that they have reduced the amount of free accelerator they now accept which has made it very difficult for you to see one to use.
I just went to their site and they can see that they had four spots open for free acceleration. (The image below was taken few minutes before I made my post, you can check the time on it for verification).
mine is still unavailable, I'm thinking it works with IP address now to cut out bots and abuse. i will use VPN and see what happens.
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last 24hrs - heavy fluctuation today.
and shits just keeps increasing...
No Priority 14 sat/vB $1.18
Low Priority 134 sat/vB $11.33
Medium Priority 136 sat/vB $11.48
High Priority 136 sat/vB $11.48
Source: Mempool (https://mempool.space/)
This is currently hindering those of us who have to test Unijoin and write a review about our experience.
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This is sucking to say and I have been thinking is there no solution to sort this out?
I sent out payment from my wallet for the past 5 days now there is no confirmation that has been made, though tried to used viabtc accelerator but says fee is too low that can't be accelerated. So now, how much long do i need to wait longer before confirmation to my wallet.
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last 24hrs - heavy fluctuation today.
and shits just keeps increasing...
No Priority 14 sat/vB $1.18
Low Priority 134 sat/vB $11.33
Medium Priority 136 sat/vB $11.48
High Priority 136 sat/vB $11.48
Source: Mempool (https://mempool.space/)
This is currently hindering those of us who have to test Unijoin and write a review about our experience.
Crazy situation for those with a lot of UTXOs in their wallets, this is why it's always recommendable to use a wallet with coin control features. How much den pay una for the Uni join review?
This is sucking to say and I have been thinking is there no solution to sort this out?
I sent out payment from my wallet for the past 5 days now there is no confirmation that has been made, though tried to used viabtc accelerator but says fee is too low that can't be accelerated. So now, how much long do i need to wait longer before confirmation to my wallet.
Always check mempool before you make transactions to avoid situations like this. If your Tnx is bigger in size and the fees is low Viabtc will not accelerate it for free.
Make u no go use small rate make ur coin no drop before e get picked up ooo :D
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How much den pay una for the Uni join review?
According to the terms of the campaign, we all agreed to use and write a review for the site about our experience - some have already written theirs while the fee was still low but the rest are waiting for the fee to drop a bit ( if it doesn't we might have to do it like that).
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How much den pay una for the Uni join review?
According to the terms of the campaign, we all agreed to use and write a review for the site about our experience - some have already written theirs while the fee was still low but the rest are waiting for the fee to drop a bit ( if it doesn't we might have to do it like that).
Upon acceptance into the campaign, you are obligated to provide a free review ? This is a commendable strategy by the campaign manager. However, mempool is currently congested and may become even more so in the future. With 70-80Sats($8), you can get into the next block.
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This is sucking to say and I have been thinking is there no solution to sort this out?
I sent out payment from my wallet for the past 5 days now there is no confirmation that has been made, though tried to used viabtc accelerator but says fee is too low that can't be accelerated. So now, how much long do i need to wait longer before confirmation to my wallet.
I am also surprised for this matter. I also made a transaction two days ago and it was 11 sat/vB $3.78 yet the transaction was stucked so I had to bumped the fee to make it faster and immediately I bumped the fee the transaction just confirmed instantly without wasting of time. And when I also tried to use the viabtc, but it said, I cannot used it unless the paid service and the free service is not available so I left it and bumped my fee. And this congestion is the one that affecting bitcoin and making people to divert to another coins networks.
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This is sucking to say and I have been thinking is there no solution to sort this out?
I sent out payment from my wallet for the past 5 days now there is no confirmation that has been made, though tried to used viabtc accelerator but says fee is too low that can't be accelerated. So now, how much long do i need to wait longer before confirmation to my wallet.
I am also surprised for this matter. I also made a transaction two days ago and it was 11 sat/vB $3.78 yet the transaction was stucked so I had to bumped the fee to make it faster and immediately I bumped the fee the transaction just confirmed instantly without wasting of time. And when I also tried to use the viabtc, but it said, I cannot used it unless the paid service and the free service is not available so I left it and bumped my fee. And this congestion is the one that affecting bitcoin and making people to divert to another coins networks.
Yeah for quick payment usdt-trc20 or bsc-usdt is more faster than using bitcoin, in fact i won't even encouraged anyone to start using bitcoin to make out mini payments especially amount ranging from 30$ below, because the fee to use and send out this payment will be equivalents to the amount one is sending out. If there were to be more bitcoin left in that wallet i could had bump the fee but this no way, it has spent about 5 days now without still confirming.
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And when I also tried to use the viabtc, but it said, I cannot used it unless the paid service and the free service is not available so I left it and bumped my fee.
If you want to use ViaBTC free accelerator next time, make sure the fee are you used for the transaction is not less than 19 sat/vbyte if it is native segwit address. That should be around 10 sat/byte which is required by the accelerator. Also make sure that the transaction is not more than 500 bytes. Also make sure that the transaction is not having unconfirmed parents. The free accelerator is still working.
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And when I also tried to use the viabtc, but it said, I cannot used it unless the paid service and the free service is not available so I left it and bumped my fee.
If you want to use ViaBTC free accelerator next time, make sure the fee are you used for the transaction is not less than 19 sat/vbyte if it is native segwit address. That should be around 10 sat/byte which is required by the accelerator. Also make sure that the transaction is not more than 500 bytes. Also make sure that the transaction is not having unconfirmed parents. The free accelerator is still working.
Yeah, you are correct at @Charles-Tim I tried using the viabtc accelerator with a transaction less than 19 sat/vbyte and it didn't work after my transaction has been pending for about 5 days what I did was to change network to another network through my electrum wallet. The transaction dropped to local and I then delete to have another transaction which I then further to increase the transaction fee to 30 sat/vbyte and then used to accelerator it works fine not up-to 10 minute it was then moved to next block for confirmation, understand 15 minutes my payment was confirmed to the next wallet were I sent it.
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And when I also tried to use the viabtc, but it said, I cannot used it unless the paid service and the free service is not available so I left it and bumped my fee.
If you want to use ViaBTC free accelerator next time, make sure the fee are you used for the transaction is not less than 19 sat/vbyte if it is native segwit address. That should be around 10 sat/byte which is required by the accelerator. Also make sure that the transaction is not more than 500 bytes. Also make sure that the transaction is not having unconfirmed parents. The free accelerator is still working.
Okay thanks I will try the way you said. When I was trying to use it I didn't think of any sat or vbyte and I only put the transaction ID and clicked accelerate and it didn't work so I left it. But will it work in the halving time that the fee is very high? Because this morning when I wanted to make a transaction of $6 from Electrum and the transaction fee was $85.8 so I canceled the transaction. So I was thinking if it would work in the Viabtc accelerator.
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But will it work in the halving time that the fee is very high? Because this morning when I wanted to make a transaction of $6 from Electrum and the transaction fee was $85.8 so I canceled the transaction. So I was thinking if it would work in the Viabtc accelerator.
You canceled the transaction or you did not make the transaction? Because to cancel transaction on Electrum means different thing entirely. It means to send the coin back to another address on your wallet with higher fee. But I think you mean you did not make the transaction.
The free acceleration is congested right now but check it immediately after the next hour. I have used it several times and it is working.
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But will it work in the halving time that the fee is very high? Because this morning when I wanted to make a transaction of $6 from Electrum and the transaction fee was $85.8 so I canceled the transaction. So I was thinking if it would work in the Viabtc accelerator.
You canceled the transaction or you did not make the transaction? Because to cancel transaction on Electrum means different thing entirely. It means to send the coin back to another address on your wallet with higher fee. But I think you mean you did not make the transaction.
The free acceleration is congested right now but check it immediately after the next hour. I have used it several times and it is working.
If ViaBTC accelerator is working then there is a relieve from my end. I have forgotten about this service, after the last ordinal attack on the blockchain before this, I remembered that it stop working due to ordi spammers using bots to hijack the 100 free transactions. I hope that will not happen this time again, and runes spammers will allow us enjoy the free 100 transactions every one hour to be accelerated. Is this how the blockchain will be congested during the bull run and TX fee will be high during the bull run. It means that will be a challenge for investors who are planning to sell their bitcoin in order to take profit.
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But will it work in the halving time that the fee is very high? Because this morning when I wanted to make a transaction of $6 from Electrum and the transaction fee was $85.8 so I canceled the transaction. So I was thinking if it would work in the Viabtc accelerator.
You canceled the transaction or you did not make the transaction? Because to cancel transaction on Electrum means different thing entirely. It means to send the coin back to another address on your wallet with higher fee. But I think you mean you did not make the transaction.
The free acceleration is congested right now but check it immediately after the next hour. I have used it several times and it is working.
If ViaBTC accelerator is working then there is a relieve from my end. I have forgotten about this service, after the last ordinal attack on the blockchain before this, I remembered that it stop working due to ordi spammers using bots to hijack the 100 free transactions. I hope that will not happen this time again, and runes spammers will allow us enjoy the free 100 transactions every one hour to be accelerated. Is this how the blockchain will be congested during the bull run and TX fee will be high during the bull run. It means that will be a challenge for investors who are planning to sell their bitcoin in order to take profit.
Oboy be like say you dey follow up di mempool. Almost two days the mempool is crazy in fact the blocks were pure red and it was this morning that they gradually coming down and right now the minimum transaction fee as from the mempool analysis is
(https://www.talkimg.com/images/2024/04/21/jiAYa.jpeg)
In the morning it was $20 then Yesterday, it was $85.8 to withdraw $6. And I believed the Viabtc accelerator wouldn't work as of that time. And nobody would make a transfer of $6 to pay $85.8.
You canceled the transaction or you did not make the transaction? Because to cancel transaction on Electrum means different thing entirely. It means to send the coin back to another address on your wallet with higher fee. But I think you mean you did not make the transaction.
Ok let me use another clear term. I withdrew the transaction because of the high transaction fee.
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You canceled the transaction or you did not make the transaction? Because to cancel transaction on Electrum means different thing entirely. It means to send the coin back to another address on your wallet with higher fee. But I think you mean you did not make the transaction.
Ok let me use another clear term. I withdrew the transaction because of the high transaction fee.
Withdraw is still inappropriate word to use cause the only way to cancel/withdraw an unconfirmed transaction is to double spend it- sending the exact amount with high fees to your wallet so miners pick it up before the first transaction and return back your coins to your wallet.
I "changed" my mind is the appropriate word to use here since you no trigger the transaction at all.
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If ViaBTC accelerator is working then there is a relieve from my end. I have forgotten about this service, after the last ordinal attack on the blockchain before this, I remembered that it stop working due to ordi spammers using bots to hijack the 100 free transactions.
People will have to register before it can be used since some weeks or months ago. I thought this was to limit the spammers until bitcoin halving occur and Runes was created. I have been unable to use it also seen 3 days ago that I have been trying it. When it supposed to work, it will show incorrectly captcha. When it showed incorrect captcha like two times, I tried it today of which I know the captcha is correct, but it displayed incorrect captcha again. During high congestion like this, I will not advice anyone to be using it again. It always become not useful during congestion.
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Is this how the blockchain will be congested during the bull run and TX fee will be high during the bull run. It means that will be a challenge for investors who are planning to sell their bitcoin in order to take profit.
Transaction fee just dey increase day by day and yet the Bull nor gree Run. ;D
Like this like this fee today even touch 5802 vbyte/sat - everyday nai the fee just dey achieve new all time high.
(https://talkimg.com/images/2024/04/23/je6v2.png)
Even the current fee still dey burst my dada. A whole $27.36 for low priority.
No Priority: 38 sat/vB $3.55
Low Priority: 293 sat/vB $27.36
Medium Priority: 306 sat/vB $28.58
High Priority: 320 sat/vB $29.88
Source: Mempool (https://mempool.space/)
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Even the current fee still dey burst my dada. A whole $27.36 for low priority.
No Priority: 38 sat/vB $3.55
Low Priority: 293 sat/vB $27.36
Medium Priority: 306 sat/vB $28.58
High Priority: 320 sat/vB $29.88
Source: Mempool (https://mempool.space/)
The mempool has become less congested. Although the fee rate is still high than when those Ordinals and Runes have not be created.
As I was about to post this, the fee rate is:
Low Priority: 44 sat/vbyte
Medium Priority: 45 sat/vbyte
High Priority: 46 sat/vbyte
I think it is getting better already.
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Even the current fee still dey burst my dada. A whole $27.36 for low priority.
No Priority: 38 sat/vB $3.55
Low Priority: 293 sat/vB $27.36
Medium Priority: 306 sat/vB $28.58
High Priority: 320 sat/vB $29.88
Source: Mempool (https://mempool.space/)
The mempool has become less congested. Although the fee rate is still high than when those Ordinals and Runes have not be created.
As I was about to post this, the fee rate is:
Low Priority: 44 sat/vbyte
Medium Priority: 45 sat/vbyte
High Priority: 46 sat/vbyte
I think it is getting better already.
Currently, it seems that bitcoin transaction costs using mempool have started to fall, it seems that the gas costs required are quite stable. This should make all transactions fairly fast when used.
Low Priority: 10 sat/vbyte
Medium Priority: 22 sat/vbyte
High Priority: 25 sat/vbyte
(https://i.imgur.com/RupyomD.jpeg)
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Currently, it seems that bitcoin transaction costs using mempool have started to fall, it seems that the gas costs required are quite stable. This should make all transactions fairly fast when used.
Low Priority: 10 sat/vbyte
Medium Priority: 22 sat/vbyte
High Priority: 25 sat/vbyte
(https://i.imgur.com/RupyomD.jpeg)
More like those bastards are out of the Blockchain with their jpeg for good. Bitcoin Dev really need to something about it unless they also benefit from the fees Spike cause by these jpeg bastards eating up the Blockchain block space.
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Currently, it seems that bitcoin transaction costs using mempool have started to fall, it seems that the gas costs required are quite stable. This should make all transactions fairly fast when used.
Low Priority: 10 sat/vbyte
Medium Priority: 22 sat/vbyte
High Priority: 25 sat/vbyte
(https://i.imgur.com/RupyomD.jpeg)
More like those bastards are out of the Blockchain with their jpeg for good. Bitcoin Dev really need to something about it unless they also benefit from the fees Spike cause by these jpeg bastards eating up the Blockchain block space.
Wow...I feel relieved right now, and I have some transactions that I need to consolidate before the fee start getting high again. It is good to see that we can make transactions and pay the normal low fee that we use to pay before the attack on the blockchain. 8)
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Currently, it seems that bitcoin transaction costs using mempool have started to fall, it seems that the gas costs required are quite stable. This should make all transactions fairly fast when used.
Low Priority: 10 sat/vbyte
Medium Priority: 22 sat/vbyte
High Priority: 25 sat/vbyte
(https://i.imgur.com/RupyomD.jpeg)
More like those bastards are out of the Blockchain with their jpeg for good. Bitcoin Dev really need to something about it unless they also benefit from the fees Spike cause by these jpeg bastards eating up the Blockchain block space.
Really those nonsense ordinals dey make the network congested. This recent transaction fee after the halving was really crazy high. In 2022 the second quarter, the transaction fee was very low. And I think like dis people can use it to buy things, pay things online and shops can also accept because the fee is low. The Blockchain de good now but still remain small.
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Currently, it seems that bitcoin transaction costs using mempool have started to fall, it seems that the gas costs required are quite stable. This should make all transactions fairly fast when used.
Low Priority: 10 sat/vbyte
Medium Priority: 22 sat/vbyte
High Priority: 25 sat/vbyte
(https://i.imgur.com/RupyomD.jpeg)
More like those bastards are out of the Blockchain with their jpeg for good. Bitcoin Dev really need to something about it unless they also benefit from the fees Spike cause by these jpeg bastards eating up the Blockchain block space.
Really those nonsense ordinals dey make the network congested. This recent transaction fee after the halving was really crazy high. In 2022 the second quarter, the transaction fee was very low. And I think like dis people can use it to buy things, pay things online and shops can also accept because the fee is low. The Blockchain de good now but still remain small.
It is possible that after the halving transaction costs increase very sharply, it may be difficult for miners to get new blocks so that confirmation takes a very long time. However, it seems that expensive transaction fees are no longer an important problem because as you said, bitcoin transaction fees have fallen quite cheaply.