I was fortunate enough to buy some btc a couple years ago. Due to its recent price increase, I decided I better dust off the old computer and get my btc to an exchange where it would have some value for me. In my lack of knowledge of how the system works I put a very low fee along with the transaction from my computer to the exchange. It has been "stuck" in the mempool for over a week at this point.

I have done some research and it seems to me that miners can go in the pool and get the ball rolling to confirm certain transactions. I am willing to pay a substantial amount to someone with the ability to do it or to help me get my btc out of the ether and back to me or to the exchange (which is preferable.) Any help/suggestions would be greatly appreciated. Thank you, Pinsiders!

#2 6 years ago

JCS

jeffspinballpalace

JeffSPinballPalace

20y 242K 19,063 556

Will be following this thread.

#3 6 years ago

???

Brian_Pinball

Pinside member

Norwalk, OH

10y 29,800 27 4

Bump

#4 6 years ago

DID

sepins

Pinside+ Frequent

Tampa, FL

12y 88,150 1,594 13 2

You didn't use coinbase?

#5 6 years ago

MCB

EricHadley

Inactive member

8y 110K 4,839

Bitcoin is such a crock of shit, it's going to crash and crash hard

#6 6 years ago

SAW

Niterider

Pinside member

Shelburn, IN

7y 43,800 344 6

I not sure someone can specifically mine your transaction. Miners mine blocks, or more specifically blocks of transactions.

So when a new block is created, it is pretty much a race to see who can “mine” it first. Whoever does, get the credit...and it’s currently 12.5 BTC per block.

Where did you see that it is possible to target and confirm your transaction?

#7 6 years ago

STK

flynnibus

Pinside+ Frequent

11y 134K 13,242

Quoted from Niterider:
I not sure someone can specifically mine your transaction. Miners mine blocks, or more specifically blocks of transactions.
So when a new block is created, it is pretty much a race to see who can “mine” it first. Whoever does, get the credit...and it’s currently 12.5 BTC per block.
Where did you see that it is possible to target and confirm your transaction?

Miners collect from the pending transactions to decide what to put in the next block. The pending transaction pool is bigger than the next available block.. hence you get this holding pen or backlog of transactions waiting to go into the blockchain. The fees being offered by the transaction... incentivize the miners to pick some transactions over others from the pool.

see https://99bitcoins.com/why-bitcoin-transaction-pending-bitcoin-fees/ and/or https://99bitcoins.com/what-is-bitcoin-mempool/

#8 6 years ago

STK

flynnibus

Pinside+ Frequent

11y 134K 13,242

OP
Quoted from Brian_Pinball:
I was fortunate enough to buy some btc a couple years ago. Due to its recent price increase, I decided I better dust off the old computer and get my btc to an exchange where it would have some value for me. In my lack of knowledge of how the system works I put a very low fee along with the transaction from my computer to the exchange. It has been "stuck" in the mempool for over a week at this point.
I have done some research and it seems to me that miners can go in the pool and get the ball rolling to confirm certain transactions. I am willing to pay a substantial amount to someone with the ability to do it or to help me get my btc out of the ether and back to me or to the exchange (which is preferable.) Any help/suggestions would be greatly appreciated. Thank you, Pinsiders!

maybe try https://pool.viabtc.com/tools/txaccelerator/

#9 6 years ago

SAW

Niterider

Pinside member

Shelburn, IN

7y 43,800 344 6

"But how do the nodes avoid from crashing due to overload by the Mempool size? If the Mempool size gets too close to the RAM capacity, the node sets up a minimal fee threshold. Transactions with fees per kB lower than this threshold are immediately removed from the Mempool and only new transactions with a fee per kB large enough are allowed access to the Mempool."

If this is the case, his transaction may have been removed.

#10 6 years ago

JCS

jeffspinballpalace

JeffSPinballPalace

20y 242K 19,063 556

If his fee is low but above threshold, why can't he mine it back into his wallet?

#11 6 years ago

QRK

Deez

Pinside+ Frequent

12y 139K 6,785 13

How would a miner find your specific transaction?

#12 6 years ago

NDE

Spyderturbo007

Pinside member

9y 108K 5,648

You're going to be hard pressed to find someone that is even mining BTC since you can no longer do it with a GPU. Mining now requires ASICs. Your best bet is a transaction accelerator. This one gets a lot of publicity and has a good bit of history. They just ask for a tip when the transaction clears. Please do your own research as I have never used them before.

https://bitcointalk.org/index.php?topic=2204426.0

There are others out there if you poke around.

https://pushtx.btc.com/

On a side note, it sounds like you have a decent chunk of BTC. If that's the case, I would HIGHLY recommend keeping your BTC off the exchange unless you'll be actively trading or planning on cashing out. Exchanges get hacked, it's a fact of life. However, unlike a bank that will re-imburse you if your credit card number gets compramized, if they get hacked and your account is drained you're screwed.

I use a Trezor.

www.trezor.io

#13 6 years ago

NDE

Spyderturbo007

Pinside member

9y 108K 5,648

Quoted from Deez:
How would a miner find your specific transaction?

All you need is the transaction ID.

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