List of Bitcoin Transaction Accelerator

January 29, 2019 03:54 PM    Ken Karlo   By Ken Karlo
12735
List of Bitcoin Transaction Accelerator

List of Bitcoin Transaction Accelerator

January 29, 2019 03:54 PM     Ken Karlo   By Ken Karlo
12735
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Recently, Bitcoin transactions take much longer to confirm due to a massive backlog in the Blockchain network. If you make a transaction paying a lower fee, probably you will wait in a very long time, just kidding, it will only take 10 minutes to 4 hours or more (10 minutes is the average of confirmation time of every block to mine).

But it will consume your time waiting particularly if you urgently need the product or the service you want to purchase on that online store or marketplace.

To avoid that you should set a higher TX fee or transaction fee for the BTC transaction you're going to make. If you're asking which fee should you use, visit this site, it will show you real-time the recommended fee in satoshis/byte also if how many satoshis you should set. 


How Bitcoin Transactions Get Confirmed

Bitcoin miners processes transactions in the network, which they file the transactions you made into blocks and add those blocks to the Blockchain, once your transaction is successfully mined it will be confirmed as well.

Bitcoin miners use specialized software and hardware that solve mathematical problems and issues a specific number of bitcoins as a reward which is called Bitcoin mining. This presents as an incentive for more people to mine.

These miners operated by a group of people, organizations, companies, etc. who want to make a profit by investing their money by purchasing equipment and paying electricity.

Miners actually work together in order to mined bitcoin smoothly in a Mining Pool. Where they pool their resources together and splitting the reward for equally according to the number of shares they contributed.

Now, if you have some unconfirmed transactions because you accidentally set the tx (transaction) fee to low or your wallet software has an error on it that cause the fee to set as low, you need these miners on a mining pool to confirm your transaction eventually in the Blockchain network.


List of free and paid Bitcoin Transaction Accelerators

  • Viabtc.com - A mining pool that offers free bitcoin accelerator for a 100 fixed numbers of transaction per hour. They also have paid accelerator if you want since there are limited numbers they accept paid transaction accelerator which will be confirmed on the next block mined by viabtc. Viabtc only pushes a transaction that has a minimum fee of 0.0001 BTC/KB, lower fee will be ignored. Just a heads up, you can try to accelerate on viabtc and check the time if it's hour:59:59 (hour:minutes:seconds), coz it always reset once the clock set to hour:00. Check your clock then hit the "Submit FREE" button to include your transaction to the next block viabtc mined.
  • BTC.com - Unlike the earlier service, this is only a paid transaction accelerator. Fees may vary to the size of your transaction in bytes, mostly it charges from $5 and so on, it is run by a mining pool btc.com.
  • AntPool - One of the largest mining pool with a free acceleration service. Which only need to make an account on the website, enter transaction id, enter a captcha then wait until your transaction picked by the pool and get a confirmation once the pool mined a new block.
  • PushTX  - A paid bitcoin transaction accelerator run by Poolin a multi-currency mining pool.  Price is based on the size of the transaction per bytes, like what btc.com did. By pasting the transaction id in the input field you will see the price set by the accelerator. You can pay via lightning, BTC, ETH, LTC, ZEC, Doge, and Dash.

Please be aware of some services out there who want to deceive people, pretending they can accelerate your unconfirmed transaction in which they charge for a fee. Always make a research first before paying to these suspicious websites.

If you found this article helpful please don't forget to share with your social network. Thank you! :)


Image via Pixabay

Updated 10:52 PM UTC+8, 03 Sep 2019
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Ken Karlo
Ken Karlo
Founder
 
A web developer and has great interest on Blockchain technology. An SEO Jounin trying to learn more in digital marketing and in SEO industry. Writing on "how to" guides, social media, block chain, and tech news.

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