List of Bitcoin Transaction Accelerator

January 29, 2019 03:54 PM    Ken Karlo   By Ken Karlo
11474
List of Bitcoin Transaction Accelerator

List of Bitcoin Transaction Accelerator

January 29, 2019 03:54 PM     Ken Karlo   By Ken Karlo
11474

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 Bitcoin Transaction Accelerator [Free/Paid]

  • 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. 
  • 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 and enter captcha.

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 tutorial helpful then don't forget to share.


Image via Pixabay

Updated 10:04 AM UTC+8, 15 Aug 2019

Related Stories

BSP: Blockchain and Distributed Ledger Technology co...

Jun 102 min readby ken karlo

3 Industries Where Bitcoin May Have A Future

May 144 min readby guest

Western Union Partners with Blockchain-Enabled Platf...

Apr 102 min readby ken karlo

Philippines' Cagayan Economic Zone Authority Introdu...

Feb 064 min readby ken karlo

Featured Stories

Libra: Cryptocurrency By Facebook

Libra: Cryptocurrency By Facebook

Effective LinkedIn Marketing Strategies

Effective LinkedIn Marketing Strategies

Reasons Why Most Startups Fails

Reasons Why Most Startups Fails

How to Learn SEO at Home — Beginner's guide

How to Learn SEO at Home — Beginner's guide

The Impact of Fiber Optics Technology

The Impact of Fiber Optics Technology

Recent Stories

How to Send funds from Paypal to Paymaya account

How Investors Can Make Money from ETFs

Huawei Warns Trump About Fighting Google

Business Ideas For Millennials

Libra: Cryptocurrency By Facebook

Recent Stories

How to Send funds from Paypal to Paymaya account

How Investors Can Make Money from ETFs

Huawei Warns Trump About Fighting Google

Business Ideas For Millennials

Libra: Cryptocurrency By Facebook

x
By using this website, you agree to our Terms and Conditions and Privacy Policy.