I'm pretty new to Bitcoin and although the technology is pretty exciting, I feel as though the sluggish confirmation times are letting it down...

On 18th December I instructed a Bitcoin transaction (5314fb75a5d08caf563cd6f6aaf40f448e9a9c6e0ba6affa499accd3534b97f6), admittedly with a pretty low fee, but I still wasn't expecting it to take days to get confirmed... Will this soon be dropped from the mempool or is there a way I can accelerate the transaction confirmation process?

Yours, citygent


It will be dropt from the mempool if it stays unconfirmed for a long time. If the fee is low, it takes more time to get confirmed. And just now the Bitcoin network is getting spamed by Bcashers. I would wait until the spam is over, and then put a fee in acordance to the time you are willig to wait until the confirmation.

  • Thanks Ander - do you know roughly how long I should expect to wait for the transaction to drop from the mempool?
    – citygent
    Dec 20 '17 at 13:15
  • Around three days Dec 20 '17 at 15:01
  • To add - bitcoins are never lost, or in transit, when a transaction is unconfirmed. The bitcoins are in your wallet, UNTIL the transaction is confirmed and then they are in the recipient's wallet. There is no limbo-state, like there is in traditional banking. Dec 20 '17 at 15:02
  • If you liked my answer, mark it as accepted, it will give me reputation. Dec 20 '17 at 15:04
  • As a final advice, I would recomend you to use a wallet that has segwit enabled, it will allow you to pay lower fees and to get confirmed faster Dec 20 '17 at 15:04

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