Boost/Accelerate TX Services
3518 sats \ 20 comments \ @OT 26 Feb bitcoin
Looking for more boost/accelerate TX services from mining pools. Looks like mempool.space is still in testing.
I went through a few hoops signing up with VIA BTC to find that they were charging ridiculous fees (7 million sats!).
Any others? I know Luxor had that infamous inscription, but it looks like that's not available to the public.
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132 sats \ 3 replies \ @DarthCoin 26 Feb
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0 sats \ 2 replies \ @OT OP 26 Feb
Tether?
That's interesting...
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0 sats \ 1 reply \ @DarthCoin 26 Feb
no, is crap. I will never use that crap. I prefer to die but not using it.
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0 sats \ 0 replies \ @OT OP 26 Feb
All these services are super expensive. And some don't even accept bitcoin! WTF!?
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0 sats \ 3 replies \ @JuanMiguel 26 Feb
What's boost/accelerate tx?
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0 sats \ 2 replies \ @OT OP 26 Feb
If you broadcast a transaction with too low a fee, another transaction with a higher fee is called a boost or accelerate.
If you are sending, you can do replace by fee (RBF)
If you are receiving, you can do child pays for parent (CPFP)
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534 sats \ 1 reply \ @JuanMiguel 26 Feb
I can already do RBF from my wallet. What exactly is the boost/accelerate tx services doing different?
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0 sats \ 0 replies \ @OT OP 27 Feb
My understanding is that if I'm neither the sender or receiver then you can pay an out of band TX to a mining pool which can be called boost or accelerate.
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0 sats \ 11 replies \ @OriginalSize 26 Feb
Can't you just bump the fee with RBF?
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0 sats \ 0 replies \ @JuanMiguel 26 Feb
Exactly.
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0 sats \ 9 replies \ @OT OP 26 Feb
It's not mine.
#437966
Its for a noob friend on the other side of the planet.
I might have to get him on a call. This is probably the cheapest option.
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0 sats \ 8 replies \ @DarthCoin 26 Feb
you can do a CPFP from your side to bump it, if you are the destination of the payment. Use Electrum or Sparrow and just click on that pending tx and bump the fee with an UTXO from your wallet.
Read more about CPFP here https://bitcoinops.org/en/topics/cpfp/
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0 sats \ 7 replies \ @OT OP 26 Feb
It's not mine. It's my noob friend trying to send BTC from Relai into cold storage.
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175 sats \ 6 replies \ @okpj 27 Feb
Send them some BTC (to their storage address) that’s enough for them to use both the incoming tx from Relai and the tx you send in a new transaction to themselves, with a fee high enough to get the (I assume) low fee Relai transaction confirmed.
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0 sats \ 5 replies \ @OT OP 27 Feb
That's what I'm thinking... Just not sure how much to send.
Also he's in the opposite time zone and I'll have to walk him right through it.
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21 sats \ 4 replies \ @okpj 27 Feb
Depends on the size of the Relai tx as well - if it's like 1/2 inputs and 1 output, would be covered by around 14000 sats at this moment.
If the tx from Relai includes a lot of inputs and outputs, it will obviously get more expensive.
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0 sats \ 3 replies \ @OT OP 27 Feb
It has over 100 inputs....
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