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RE: Bitcoin unconfirmed transactions. Is it network overload?

in #bitcoin8 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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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