Post: #1

Take a look at this transaction, Its not a large amount, so why is the transaction still unconfirmed?

https://blockchain.info/address/3QGn87fo...1eLzFSuASU

thanks

Post: #2

(01-26-2018 10:29 AM)dima514 Wrote:  Take a look at this transaction, Its not a large amount, so why is the transaction still unconfirmed?

https://blockchain.info/address/3QGn87fo...1eLzFSuASU

thanks

Look at the fees paid in the transaction https://blockchain.info/tx/07a09f6432ab0...4b7d3a5c/0 compared to another one https://blockchain.info/tx/7d94f8328ad90...653865d44e

Things like this better go newbie questions..

Post: #3

Amount sent has nothing to do with transaction size. If you have lots of 0.0001 transactions going into a wallet and want to send 1 BTC maybe you will be using 10000 inputs so the transaction will be large so require a high fee compared to if you recieved 1 BTC in a single transaction then sent it.

Transactions are measured in bytes and transaction fees are typically measured in satoshis (0.00000001 btc) per byte. The transaction you have linked was 190 bytes and they only paid a 190 satoshis fee so 1 satoshi per byte. This is super low (typical fees paid are 50-300 sat/byte ) and the transaction will only be confirmed if there are no transactions with higher fees for miners to include in a block.

There are certain things that can be done to get miners to include a low fee transaction such as the address receiving the transaction sending the btc again with a really high fee which encourages miners to mine the low fee transaction so they can then get the high fee from the next transaction that was sent.