Are my Sats ever going to confirm?
10 sats \ 5 comments \ @Scholarhacker 15 Sep 2023 bitcoin
I transferred a low amount of funds on the Bitcoin network, from one wallet to another, for testing purposes.
I selected the lowest fee possible, its been almost a week and the transaction hasnt confirmed.
Should i remain patient or are those Sats stuck in limbo for good?
My tx wallet does not have the option to retroactively boost fees.
write
preview
related posts
100 sats \ 1 reply \ @mallardshead 15 Sep 2023
Three options:
  • Wait for miners to eventually pick it up
  • Wait until node mempools forget the tx and return it to you, which will eventually happen, because each node’s mempool is not infinite in space, but rather limited to 300MB typically. When the mempool reaches full capacity, nodes get rid of the lowest fee tx's in order to add higher fee tx's. Once this happens, the funds in your limbo tx become accessible again
  • Create a new wallet that supports RBF (Replace by Fee) using your existing seed, then replace the tx
reply
25 sats \ 0 replies \ @Scholarhacker OP 15 Sep 2023
Great. Thanks for the tips. I didn’t know returning a tx was a possibility.
So many learning opportunities.
Thanks again.
reply
0 sats \ 0 replies \ @Scholarhacker OP 27 Sep 2023
Quick update, the transaction finally verified after 19 days. Wow!
reply
0 sats \ 1 reply \ @DarthCoin 15 Sep 2023
I still do not understand why people send low amounts "to test their wallets".
Any decent wallet app have an important feature: sign message. You can send a message and sign it with your wallet, no need to send any funds. That way you know that your wallet is the right one and works fine.
Another way to verify:
  • go to wallet information and extract the xpub (MPK master public key), import it into another wallet app and see if you have generated SAME first 10-20 BTC addresses. If are the same you are good to go.
  • use the seed to import your wallet into another wallet app and see if you have the SAME BTC addresses.
That's it.
reply
0 sats \ 0 replies \ @Scholarhacker OP 15 Sep 2023
Bitcoin is a currency, not a messaging app.
Bitcoiners like yourself are always talking about mass adoption and hyperbitcoinization as the goal.
How am i supposed to go to my friends, family and neighbors and say “you should be using bitcoin. Let me show you how easy and affordable it is by sending you a text message and exporting a big long string of characters.”?
No. People will want to see how funds can be moved around. As much as you may want everyone to get away from their “fiat mindset” thats really the only way they will, initially, think about bitcoin.
reply