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Say I’ve got a transaction stuck in limbo because I didn’t set my fee high enough; could I … like, point my s9 at that transaction and “mine” it into the chain?

Isn’t that essentially what happens after the bock subsidy?

Advise. Enhance.
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Matt 2y ago

You can do an RBF on the transaction! (Replace-by-fee)

Since your transaction hasn’t been mined yet, you can update your fee rate. Miners can choose which of your transactions to mine (of course they will choose the one with higher fees!)

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nobody 2y ago

Right. Well, then why don’t I just mine it myself, is I think what I’m asking.

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Matt 2y ago

Miners mine entire blocks. A block contains many transactions.

As a miner, you could technically mine only one transaction, but economically it makes sense to mine as many transactions as you can at once so you can earn more from fees! It takes the same energy to mine one transaction as it does to mine 100s.

54
nobody 2y ago

That makes sense; so my transaction is about two weeks old. It’s just treading water in the memepool?

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Matt 2y ago

Yeah it’ll stay unconfirmed until it bubbles up to the top (by you increasing the fee or waiting for the fees to drop)