- Nov 22, 2019
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Does the money get lost if transaction remains unconfirmed on blockchain ?
What happens to unconfirmed transactions on blockhain ?
- Thread starter onlinemarketer12
- Start date
- Nov 22, 2019
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You mean the mining pool will mine without fees ?
- Jun 16, 2020
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It will not work, if others pay more. You set a transaction fee when you submit it. If the miners never get to work for as low as you set it, then your transaction will be refunded.
- Nov 22, 2019
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Ok, what happens when rejected ? Money comes back to original wallet ?
- Jun 16, 2020
- 2,082
- 1,597
- Mar 21, 2013
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If the transaction isn't mined then it never left your wallet.
Just use the same secret key in a different wallet and you'll see your funds are still there.
This is used to undo transactions. If you fuck up but the TX is taking very long, then send a transaction to yourself with a higher fee. The funds will then return to you before the other one is mined.
- Nov 22, 2019
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Got it. Will do so in case this happens in future.
marksmith1211
BANNED
- Aug 14, 2020
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If your transaction is unconfirmed, usually you just need to wait. Most transactions get completed within a day or two (or more if the blockchain is overloaded).
D
Deleted member 1333509
Guest
stays in the pool. right now there's a solid amount of congestion OP. won't lose money will be returned. try to use wallets that give granular control of the fees you pay.
Azaan
Supreme Member
- Jul 27, 2018
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- Mar 21, 2013
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I learnt that the hard way back in 2016. Paid someone 0.25 to do that for me
I learned it the hard way too. I got it for free though from a friend who was drawing everyone into cryptocurrencies, so he was always helpful.
- Nov 22, 2019
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Hope the lesson was learned.I learnt that the hard way back in 2016. Paid someone 0.25 to do that for me