BTCSpeedy - SCAM or Legit?

[millerg]

I have a bitcoin transaction that has been pending for over a week because I screwed up the transaction fee and made it way too low. I was out of the country and did not have access to my offline wallet and could not just issue a CPFP (Child Pays For Parrent) transaction to fix it. I also didn't know at the time that that would be the best approach.

So, I found BTCSpeedy and entered my transaction ID, got a price to accelerate it ($10USD that somehow turned into about $35 CDN) and paid it. By the time my payment was confirmed the session timed out and I could not get back to the page where I was supposed to click a button after my payment was confirmed.

I then emailed tech support and received no response. I emailed them again and asked them to either deliver the service I paid for or provide a refund. Again, No Response.

Has anyone actually received service from these clowns? If these guys are just pocketing the cash/BTC and delivering nothing, they should be called out and the community should be made aware that they are simply running a scam of sorts.

Greg

[CryptoBlackHat]

The only transaction accelerator I know of that's been reliable is https://pool.viabtc.com/tools/txaccelerator/.

There are too many other scams out there, and BTCSpeedy looks like another one of them. ViaBTC is a well known mining pool so they have a legitimate claim to being able to accelerate transactions. I find it difficult to believe any other random websites, even if they claim to have "teamed up with" major mining pools (whatever that means). I've yet to see any proof of this.

[millerg]

Thanks for replying to this. With the lack of response from them it is clearly a SCAM. Looks like I am out $35. I hope others read this before they get taken as well.

I looked at Via BTC and they wanted a "Donation" of 0.01BTC at accelerate my unconfirmed transaction. That works out to about $190US. Seems a little high to me. I guess it also depends on the value and the urgency of the stuck transaction.

Cheers,

Greg

[CryptoBlackHat]

Usually so long as your transaction has at least a minimal fee already included, ViaBTC can accelerate it for free. The only problem is they receive so many requests that they usually have a message saying they've already exceeded their limit.

The way to get around this is to try submitting your transaction to their service right at the start of the hour (when the quota resets). That way you can get it for free without having to pay for their members-only service.

[btcscams]

Yeah it's a scam.... AVOID!

I sent BTC with a low fee of $0.30 from Blockchain.info (awful site to buy from) and it's been pending for 26 days now. Probably lost forever in limbo as it'll never be dropped from the blockchain and nobody will mine it. (this is the reason BTC will fail long term imo)

So I decided to try and pay for it to be accelerated using BTC Speedy.com, I like you paid the "$10" ($35 really because they charge another fee) and then had a 15 minute timer. The timer went off and that was it... I'd paid the fee the nothing has happened to my transaction, they've just taken my fee and done a runner!

Avoid the BTC Speedy scam!

[XP1]

Probably lost forever in limbo as it'll never be dropped from the blockchain and nobody will mine it. (this is the reason BTC will fail long term imo)

It is not lost. The BTC never left your wallet. You can "cancel" your unconfirmed transaction by performing a double spend with a higher fee.

[yamyam]

It is not lost. The BTC never left your wallet. You can "cancel" your unconfirmed transaction by performing a double spend with a higher fee.

Hi XP1 - i would appreciate your help! I have also a transaction stucked, since nearly 1 month(!) and want to use an accelerator now. Thanks god i found this thread and got noticed that BTCspeedy is SCAM! I want to use viaBTC-Accelerator, but my fee i have payed is too low and via BTC is not accepting it (i payed 0.00067 BTC instead of 0.0067 BTC minimum-fee for a transaction with 67 Kb-size, so its my fault). So i need to get my BTC back first to my Bitcoin Core Wallet to send them again with higher fees so viaBTC will accept the acceleration.

You said: You can "cancel" your unconfirmed transaction by performing a double spend with a higher fee.

As i am waiting now for 26 days (!) that my BTC's are coming back to my wallet, i tried your hint but Bitcoin Core just tells me that i have not enough BTC for this transaction. What is plausible, as i already sent all my BTC (in the transaction mentioned above). So my BTC-Wallet value is exactly 0.00 BTC

So what can i do to finally get my transfered BTC back to my wallet? How can i "cancel" my transaction?

I am very thankful for every hint and help, from everyone. Thanks!

[millerg]

yamyam

I was in a similar situation and eventually, the network just dropped my transaction. It does not even show up in my electrum wallet anymore and most of the blockchain explorers don't even list it anymore. When I was trying to solve the issue, I read that sending a CPFP (Child Pays For Parent) transaction would allow you to send a new transaction with a higher fee where it is linked to the original and they would then be picked up by the miners. I tried it with Electrum 3.03 and could not get it to broadcast. I think it was because my offline wallet that I needed for signing was out of date.

I hope this helps...

Greg

[XP1]

So i need to get my BTC back first to my Bitcoin Core Wallet to send them again with higher fees so viaBTC will accept the acceleration.

You said: You can "cancel" your unconfirmed transaction by performing a double spend with a higher fee.

As i am waiting now for 26 days (!) that my BTC's are coming back to my wallet, i tried your hint but Bitcoin Core just tells me that i have not enough BTC for this transaction. What is plausible, as i already sent all my BTC (in the transaction mentioned above). So my BTC-Wallet value is exactly 0.00 BTC

So what can i do to finally get my transfered BTC back to my wallet? How can i "cancel" my transaction?

First, make sure you have good backup of your "wallet.dat" file.

In Bitcoin Core, go to the "Transactions" tab, right click on the unconfirmed transaction, and select "Abandon transaction". Now, resend your transaction with a higher fee. You won't need a transaction accelerator if you set the higher fee.

If that does not work, try running "bitcoin-qt.exe" with "-zapwallettxes" command-line argument. Make sure your "wallet.dat" file has been backed up.

[btcscams]

Probably lost forever in limbo as it'll never be dropped from the blockchain and nobody will mine it. (this is the reason BTC will fail long term imo)

It is not lost. The BTC never left your wallet. You can "cancel" your unconfirmed transaction by performing a double spend with a higher fee.

How do I do a double spend? Simply send a new amount from the current address to the same new address but make sure the fee is high?

And still BTCSpeedy is a massive scam

[XP1]

How do I do a double spend? Simply send a new amount from the current address to the same new address but make sure the fee is high?

Yes, if the unconfirmed transaction has already been dropped from your Blockchain.info web wallet, you can send a new transaction with a higher fee.

However, if the unconfirmed transaction still appears in your wallet, unfortunately, the Blockchain.info web wallet does not support advanced spending features, such as replace by fee (RBF) and child pays for parent (CPFP). In order to double spend, you have to use a more advanced wallet, like Electrum, which supports both RBF and CPFP.

Web wallets are a security risk because you have to trust that the website and your browser have not been tampered with. Your browser is an easy target if you have extensions installed, and of course, a popular wallet website is a huge golden target for hackers.

I recommend that you switch away from a web wallet. Try importing your seed or private key into Electrum.

How to RBF and CPFP in Electrum:
https://steemit.com/utopian-io/@ryoplas ... f-and-cpfp

How can I migrate from blockchain wallet to Electrum?:
https://bitcoin.stackexchange.com/quest ... o-electrum

[yamyam]

Hi and thanks to all who have answered to my questions and big problem
Very appreciated - here is an update:

In the meanwhile, some days ago, i have used "-zapwallettxes" to get rid of the nearly 1 month stucked transaction in my Bitcoin Core wallet. Worked!
Then, right after, i have send them again - here is the chronological history:

02.12.2017 - I've sent 0,105 BTC - sadly i made a mistake and used one 0 too much so my fee was definetely too small.
(Sidenote: As this transaction is 67000 Bytes(!) big, not like a "regular" transaction of about 250 Bytes, paying a "regular" or even a little bit higher than regular fee - would make this transaction MORE EXPENSIVE THAN THE 0,105 BTC ARE WORTH! ... i just can't pay a fe of 5000$ for a transaction that is only 1500 worth - so this is the main problem i got with this transaction)

28.12.2017 - After my inital transaction wasnt confirmed since learly one month now, i used the trick with "-zapwallettxes" to at least get rid of the transaction in my Bitcoin Core Wallet and got them "free" again in my wallet.dat to send them again.

28.12.2017 - After my 0,105 BTC have been "free" again and available in my wallet, and in the meanhwile another 0,027 BTC arrived in my wallet, i got about 0,132 BTC.

28.12.2017 - To finally get all my mini-transactions "merged" together i have sent all my available 0,132 BTC TO MYSELF (from Bitcoin Core to Bitcoin Core) and payed a fee of 0,0067 BTC for this, which is a lot(!) - about 100$ - but probably still not enough for this 67363 bytes transaction. But again: i cant just pay a "regular" fee like for a regular 250 bytes transaction as this would make the fee thre times bigger than the sent 0,132 BTC !!! Would be sensenless, right?

28.12.2017 - As doing this, the bitcoin core wallet only substracted the fee of 0,0067 BTC from my wallet as it is an "even on delivery". So i had the rest "free" or available in my Bitcoin Core client to send them finally to my prefered destination. So i sent emmediatly the rest of about 0,125 BTC to my prefered destination. THIS transaction (now as it has been "merged") is only 224 bytes big and i payed a fee of exactly 0,0003 BTC which should be very fine i guess.

31.12.2017 - Just today, last day of the year, i have seen that my old inital transaction FINALLY got purged from the mempool and my new two transactions got registered at the mempool - unconfirmed yet. But at leats my old one is gone and my two new ones (with much higher fees) are in the mempool - yeahhh!


So my questions are now:

1. My first new transaction (send to myelf) is the Child and the second one (to my preferred destination) is the Parent, right?
2. If a miner is accepting the parent transaction with the correct and well fee, he has also to accept the child transaction with the monster size (67kb) and the much too low fee? Correct?
3. If yes. Is there a possibility that the miners will decline or ignore the parent transaction because of the "bad" child transaction attached?

Thanks for all your your help and answers and sorry for my bad english, not my native language

Happy new year to all of you!
yamyam