These days lots of people facing unconfirmed transaction problem. Even their fee its above law and below higher.
We gonna listen how people are facing this people
(So I have an unconfirmed transaction since almost a week now. The transaction ID is fd82fb9711afc48623fa13fa3963121f88160afe56fc968feaf02e5f73e7b764
This is due to the fact that exchange cex.io to save money bunch a huge number of requests in a single transaction which effectively brought down the satoshi/byte.
Today when I searched for the transaction in a few blockchain sites it says transaction Not found. Sites like blockchain.info show the transaction but multiple sites like live.blockcypher.com, blockchair.com, blockexplorer.com etc all show transaction missing.
What does this mean? Is it that my transaction will be dropped finally? I prefer it being dropped as this will never get confirmed. What is the sure way of checking if a transaction is dropped? )
appearently there is no way to escape from it, if you are doing the transaction in BTC make sure low not gonna make happy.
( I sent BTC from lending platform to Coinbase on Jan 2nd. Still shows pending.
Can anyone provide any info and assistance in getting this transaction completed?
f69f851197a7b9bd8cf3e85a2436ed51e1049fa4b277273e074708de34540288
Q.
My wallet is not working and is not showing I have any amount of money in my account. I have the wallet address and the transaction record showing that the money is in my account. How can I send this money to another wallet to save it?
A.
To spend a cryptocurrency like bitcoin, you need to sign a transaction with the private keys (which are controlled by your wallet software). Just knowing the address the funds are sitting in does not help you do this, you'll need to get your wallet working in order to move the coins.
Q.
I have been reading a lot about this 10-minute block in the Bitcoin network. I'm slightly confused because I thought mining was a somewhat random process, mostly based on how powerful your mining facilities are. So if I had a quantum computer and could really churn through calculations, couldn't I mine a block faster than 10 minutes? Or is there something in the network that would prevent me from submitting my mined block until 10 minutes had passed since the last mined block?
A.
I have been reading a lot about this 10 minute block in the Bitcoin network. I'm slightly confused because I thought mining was a somewhat random process, mostly based on how powerful your mining facilities are.
Correct, and because its random, its theoretically possible to mine the next block within seconds, it could even be the first hash you try. Its just probability, the 10 minutes is the average block time.
So if I had a quantum computer and could really churn through calculations, couldn't I mine a block faster than 10 minutes? Or is there something in the network taht would prevent me from submitting my mined block until 10 minutes had passed since the last mined block?
This is somewhat unrelated to the randomness, because a more powerful computer can try more hashes anyway so is more likely to find a valid block sooner, yes. But this is the purpose of the mining difficulty. The difficulty changes once every 2016 blocks to keep the time roughly 10 minutes average. If blocks are mined too quickly, the difficulty will increase so it again takes 10 minutes on average.
Also note that quantum computers are a very unlikely threat to bitcoin mining. Quantum computers aren't just better at everything, there is quite a lot of hype around them without foundation :)