Your fee might be high because of many reasons, in this case, traffic on the network and/or a high amount of inputs. A lot of people blame Bitcoin for its lack of scalability but we have to remember that we have already introduced SegWit in August. It's not the community fault that the most popular exchanges and wallet (except hardware and paper wallets) haven't implemented support for SegWit addresses (by support I mean that the addresses they generate are not SegWit ones). A lot of people send their bitcoins to exchanges in order to cash out or buy altcoins which might increase soon.
Topic: 220k unconfirmed transactions (Read 1713 times)
It seems like only yesterday where we saw swings in the tens of dollars. It was literally ONLY last month where we saw swings in the hundreds of dollars. Today, we're acclimating ourselves to seeing swings in thousands of dollars per bitcoin. At this rate, sometime next year we could see swings in the tens-of-thousand-dollar range.
Ten years from now ...
"One bitcoin is trading only two million dollars lower today.
Must not be that many investors interested in taking a profit at the current rate, eh, Joe?"
Ten years from now ...
"One bitcoin is trading only two million dollars lower today.
Must not be that many investors interested in taking a profit at the current rate, eh, Joe?"
Although the amount of 
This is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
It is expected that the price of bitcoin would soar in the coming weeks because of the new markets coming up and i did my transactions much before that as i knew when ever there is a price surge of this magnitude ,the network will be full and you cannot move your coins for a long time,unless you pay a much bigger fees,people are doing more transactions when the price of bitcoin surges and that is making problems to the entire network. 
Checking the unconfirmed transactions now it went down 164k so that's improving while the price starts to get down too.
I did some transactions and paid for $7 fee
This is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
I did some transactions and paid for $7 fee
This is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
Let me help you figure it out... Blockstream can't charge to use their offchain Lightning product unless you are so frustrated with on chain transactions that don't work. So, they tricked everyone into believing SegWit helps with capacity. Of course, it doesn't. But they needed SegWit to make Lightning work!!!!
Get ready to send Blockstream money every time you want to make a transaction!!!
So when FUD, and Panic selling really kick in, whatya think it'll climb too? 
350k?
350k?
172,000 unconfirmed transactions now. There's a new article on CoinTelegraph on this...
https://cointelegraph.com/news/analyst-suspicious-bitcoin-mempool-activity-transaction-fees-spike-to-16
https://cointelegraph.com/news/analyst-suspicious-bitcoin-mempool-activity-transaction-fees-spike-to-16
This is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.
Yes this is the advantage for the miners and disadvantage for users. now many people do transactions because from last 1 week the price was high and now it is decreasing so people will convert BTC to other currencies. If this takes high fee plus late confirmation means people will scare to do the transaction. If it stuck in the network who will take care?I guess it really depend on the people who what's to do transaction because its really disadvantageous. I have transactions stuck for 2 days and I wasn't able to exchange at the precise moment when bitcoin price is high, and now I already lost a lot because of it. Although I'm frustrated I guess its much better to hold on my coins in an exchange and wait till the price goes up again. Although network congestion is down to 100,000 right now, its still really hard to make transactions unless you really set a high fees for the miners. But hey, Lightning Network will be coming so I hope this will really solved the current situation with high fees, slow confirmations.
These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.
Yes this is the advantage for the miners and disadvantage for users. now many people do transactions because from last 1 week the price was high and now it is decreasing so people will convert BTC to other currencies. If this takes high fee plus late confirmation means people will scare to do the transaction. If it stuck in the network who will take care? I wonder how much of an impact of last week's episode of The Big Bang Theory contributed to the recent congestion since said episode was entirely based on Bitcoin.
Probably not much, the congestion is mainly caused by people who are cashing out, and economically it makes a lot of sense that they are paying some $50 fees, because they want to sell while the price is high, and since Bitcoin has spiked so much, people are now moving thousands of dollars worth with their transactions, so their fees are actually comparable to bank fees for similar amounts of value. But I don't think that congestion is caused by Bitcoin's exposure in mainstream media, including The Big Bang Theory, because when newcomers buy coins, they usually leave them on exchange.
Hey everyone,
It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail.
https://blockchain.info/unconfirmed-transactions
I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.
Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.
~yaking
It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail.
https://blockchain.info/unconfirmed-transactions
I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.
Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.
~yaking
That is kind of a problem as almost all transaction came from people who just wanted to convert thei btcoin. I never had that ptoblem as of the moment. Jus buying and earning more. But as to the price and confirmed transacion I never encounter ther things.
These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.
Worry no less because they are sure trying to fix that as soon as possible so we can transact again smoothly. This is mainly because of the fact that the price of bitcoin is surging over these past few weeks and the Bitcoin network has experienced record high traffic resulting in longer confirmation times and higher fees transactions. I've also experienced this as well, although the delay is a little bit bothering, we can't do anything but to believe that it will all be fixed ASAP.
now are that 170k) not much less. But im calm about this situation, everything will come back to normal work, we should wait. one months ago, when happended the situation with 50k transactions, i waited my payment 2 days with transaction fee 50$ and 3 hours with transaction 5 dollars.
because even though segregated witness has been enabled, only about 10.27% of the transactions are segregated witness transaction.
This is likes your broadband service has been upgraded from 1MB to 4MB bandwidth, but you are still lazy to make a few clicks to enable that. So you are still using 1MB, and complaining why it is still 1MB, when you can already use 4MB
This is likes your broadband service has been upgraded from 1MB to 4MB bandwidth, but you are still lazy to make a few clicks to enable that. So you are still using 1MB, and complaining why it is still 1MB, when you can already use 4MB
I wonder how much of an impact of last week's episode of The Big Bang Theory contributed to the recent congestion since said episode was entirely based on Bitcoin.
Hey everyone,
It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail.
https://blockchain.info/unconfirmed-transactions
I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.
Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.
~yaking
Expect it everytime bitcoin pumps up very high, it will soon be fine it just need another fork for it to work out smoothly and neatly. It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail.
https://blockchain.info/unconfirmed-transactions
I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.
Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.
~yaking
this is not crazy! bitcoin miner can only accomodate 4 transactions per second and people get crazy of the priize of bitcoin now and started to send bitcoin to wallet and exchangers just to get out of bitcoin and get FIAT! this is a phenomenon which no one want to be left behind thats why everone is trasferring to get a profit !
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