Is the cause Bitcoin cash’s price surge, which has made it more profitable to mine Bitcoin cash and has reduced Bitcoin’s hash rate?
https://coinmarketcap.com/currencies/bitcoin-cash/
https://blockchain.info/charts/hash-rate?timespan=30days
For 24 hours Time Between Blocks 24.56 minutes
Topic: 173000 unconfirmed transactions, 13 transactions per second - page 4. (Read 4306 times)
How could they fix this backlogs? I visit the site, 174200 unconfirmed transactions and still keep on going. This is really disappointing to those who are involve into that transaction. How could they manage it?
They just need to mine more blocks - be patient.If you really care to have your tx mined quickly and you can afford it, then you can use RBF to increase the fee - ATM I'd advise at least 1000 SPB
How could they fix this backlogs? I visit the site, 174200 unconfirmed transactions and still keep on going. This is really disappointing to those who are involve into that transaction. How could they manage it?
Relax, it will settle. Just give it another day or two.
In a few hours the difficulty at BCH will adjust and all the miners will come back to mommy.
Even if it didn't, the transactions backlog caused the fees to raise so much that the BTC's block reward would soon double, like here already - that would bring the hashes back as well
I just love watching Bitcoin at work - it never stops to surprise me, how it deals with obstacles and people trying to pull it their own way.
In a few hours the difficulty at BCH will adjust and all the miners will come back to mommy.
Even if it didn't, the transactions backlog caused the fees to raise so much that the BTC's block reward would soon double, like here already - that would bring the hashes back as well
I just love watching Bitcoin at work - it never stops to surprise me, how it deals with obstacles and people trying to pull it their own way.
This really generates some queries upon survival of bitcoin because if it cannot cater a large amount of people on the network no one is really going to use it. Two of my transactions are unconfirmed for last 2 days. The fact that I have attached a fees of around 170 sats/byte makes it worse. Dont quite know what is happening.
Blockchain.info is wrong. See my discussion here:
https://bitcointalksearch.org/topic/m.24463368
The number of unconfirmed transactions is correct but the rate per second and the mempool size are incorrect.
https://bitcointalksearch.org/topic/m.24463368
The number of unconfirmed transactions is correct but the rate per second and the mempool size are incorrect.
Well its obvious that they pushing Bitcoin Cash (BCH) and they spam BTC network.
It can be reason why people use BCH unstead of BTC.
It can be reason why people use BCH unstead of BTC.
This is attack to Bitcoin network
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/
https://theflippening.github.io/open-letter-to-bitcoin-miners-from-another-miner/
A few weeks ago it was also 100k transactions, in a short time they were all proceeded.
Though, this proves that Bitcoin is not yet ready for mass adoption and needs deep upgrades to support more transactions.
Will others Crypto take advantage if this ?
Though, this proves that Bitcoin is not yet ready for mass adoption and needs deep upgrades to support more transactions.
Will others Crypto take advantage if this ?
They are already, look at the Bitcoin Cash pump. But just like spamming the Bitcoin network is a futile and short lived strategy, the pump money on BCash is also short lived and futile. Sooner or later Roger Ver and whoever else is orchestrating this attack will run out of money and things will go back to normal, because there is no fucking way that out of nowhere all this transaction growth is organic and not part of an altcoin pump and dump scheme.
A few weeks ago it was also 100k transactions, in a short time they were all proceeded.
Though, this proves that Bitcoin is not yet ready for mass adoption and needs deep upgrades to support more transactions.
Will others Crypto take advantage if this ?
Though, this proves that Bitcoin is not yet ready for mass adoption and needs deep upgrades to support more transactions.
Will others Crypto take advantage if this ?
It's rising fast though, yesterday when I checked we were around 120k unconfirmed transactions.
people will eventually stop trying and the backlog will get processed.
https://blockchain.info/unconfirmed-transactions
With absolute maximum on 7 transactions per second and in practice less than 4, and new transmissions coming in 13/second, how can this backlog ever be processed?
With absolute maximum on 7 transactions per second and in practice less than 4, and new transmissions coming in 13/second, how can this backlog ever be processed?
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