From 773c21b746c7b98230019bdbc22d05dbd7f19e77 Mon Sep 17 00:00:00 2001 From: Marnix Croes <93143998+MarnixCroes@users.noreply.github.com> Date: Thu, 19 Sep 2024 20:40:21 +0200 Subject: [PATCH] docs(faq): How can I speed up an unconfirmed tx (#65) --- docs/FAQ.md | 16 ++++++++++++++++ 1 file changed, 16 insertions(+) diff --git a/docs/FAQ.md b/docs/FAQ.md index ecf8d6f..ba37f27 100644 --- a/docs/FAQ.md +++ b/docs/FAQ.md @@ -238,6 +238,22 @@ Here is an example of how you'd get into the Jam container on Umbrel: For sending, all address types are supported. For receiving, only bech32 (p2wpkh) addresses are used. +### How can I speed up/bump an unconfirmed transaction? + +Bumping an unconfirmed transaction currently has to be done manually and can only be done by using CPFP. +This means that you need 1 or more outputs of the transaction to be able to bump it. + +Bumping can be done with the following steps: + +- Figure out which unconfirmed output(s) to use to create the child transaction +- Freeze all other coins in that jar +- Send a (non-collaborative) transaction from that jar with a high(er) fee rate + +Which fee rate to use to get confirmed in the desired timeframe has to be calculated manually. + +!!! warning + Be aware of the privacy and/or additional cost trade-offs. + ### Jam doesn't work anymore after updating Bitcoin Core to v26.0? BerkeleyDB (BDB) wallet creation was deprecated in Bitcoin Core v26.0.