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RE: Bitcoin unconfirmed transactions. Is it network overload?

in #bitcoin • 7 years ago

I've done transactions at the beginning of May at the same fee level and they were cleared in less than 48h after 10 confirmations.

Do you know how to estimate the time when the transaction will be dropped from the blockchain and my BTC will be available agaoin on my wallet?

7 years ago in #bitcoin by
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     7 years ago 

    The Bitcoin transactions are stored in a node's memory pool for 72 hours by default, though some nodes are configured to keep mempool transaction indefinitely. In any case, a transaction will simply return to the mempool if it is still being broadcast (as transactions usually are until they are confirmed). Normally it takes you around 2-3 days what I saw in past and had on my own.

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     7 years ago 

    As my wallet (MultiBit) is running on the PC which is switched on 24/7 then:

    1. It means the transaction are constantly broadcasted.
    2. If I will switch off MultiBit and come back after 72h transactions will be cleared and BTC returend to the wallet?

    Transaction1:
    https://blockchain.info/tx-index/feb04801d99c0d8d12249e5f052fb7fc1a8b00526ffcea30162d8f319d02355f

    Transaction 2:
    https://blockchain.info/tx-index/92846927e894d0d56a1dbdb89217675c5f7c3773b30da938376916e712f64015

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