Silk Road forums

Discussion => Newbie discussion => Topic started by: kbdisdat on August 01, 2013, 01:02 pm

Title: receiving BTC into SR account
Post by: kbdisdat on August 01, 2013, 01:02 pm
how long does this take? it's been 30 minutes, nothing in my account yet, very worried.

it has 5 confirmations also
Title: Re: receiving BTC into SR account
Post by: BillWithers on August 01, 2013, 01:25 pm
It'll get there, usually takes a couple hours. It requires at least 6 confirmations. Getting 5 confirmations in 30 minutes is pretty good, how much fee did you assign to the transfer?
Title: Re: receiving BTC into SR account
Post by: kbdisdat on August 01, 2013, 01:32 pm
It's at 7 now.

0.0001    Bitcoin network fee

I didn't even know about this, must be the default. I assume the more you pay the faster it transfers?
Title: Re: receiving BTC into SR account
Post by: Party Tribe on August 01, 2013, 01:43 pm
SR waits for 6 confirmations, but has a bit of a delay in processing after that. You should have your BTC at maximum 60min after 6 confirmations. And yes, paying a higher transaction fee will get you confirmations quicker.
Title: Re: receiving BTC into SR account
Post by: BillWithers on August 01, 2013, 01:45 pm
Seven confirmations is enough so it should appear in your account soon. I've heard the higher the fee assigned the faster the confirmations take place (i.e. miners placing priority on those transactions with fees assigned). I haven't done many transactions but it does seem like assigning no fee makes it take much longer than assigning even a small fee.
Title: Re: receiving BTC into SR account
Post by: kbdisdat on August 01, 2013, 01:51 pm
Just got it. Cheers guys :)

Time for some COKE :D