220k unconfirmed transactions - page 2.

Gleb Gamow

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Quote from: GreenBits on December 09, 2017, 09:37:02 AM

Quote from: yaking on December 08, 2017, 10:49:18 AM

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. Undecided

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

LOL, we haven't had "almost instant transactions" since this thing started. Much faster confirmation times with this, but never as quick as certain other major alts that typically confirm in 30 seconds or less Wink

This is people chasing the price, moving coins around to liquidate and ultimately, congesting the network. It's temporary, but is fueled when we give in to these high fees and raise them to use a coin. Don't do this! Would you pay extra to use a grid locked toll road? Or would you just take a different route?

FWIW, at least the US doesn't sell it toll roads to foreign nation states. Oh, wait ...

GreenBits

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Quote from: yaking on December 08, 2017, 10:49:18 AM

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. Undecided

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

LOL, we haven't had "almost instant transactions" since this thing started. Much faster confirmation times with this, but never as quick as certain other major alts that typically confirm in 30 seconds or less Wink

This is people chasing the price, moving coins around to liquidate and ultimately, congesting the network. It's temporary, but is fueled when we give in to these high fees and raise them to use a coin. Don't do this! Would you pay extra to use a grid locked toll road? Or would you just take a different route?

hxo1997

newbie

Activity: 16

Merit: 0

It has been a day and i cant see my transaction id on block cypher anymore but i can still see it on blockexplorer.
My transaction id:
6792d28f7dd0c212ef450c5e35920101b9c5903ed5f7bf828ca86afa2b9f9e4e
Any idea friends?

pooya87

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Activity: 3472

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Quote from: aardvark15 on December 08, 2017, 06:58:31 PM

A few years ago people were saying that one of the major benefits of Bitcoin is that you could send money anywhere in the world almost instantly and almost free. We can’t really say that anymore, at least right now.

I hav a transaction stuck for almost 2 days now. The number of unconfirmed transactions has been over 200,000 most of the last two days. Some people are saying it’s taking 4 day to get them confirmed.

sadly it is true.
it seems like all those idiots who were saying "bitcoin is not a currency and it should only be a store of value" are getting their wish. Steam (Valve) stopped accepting bitcoin recently because the fees are higher than the games they were selling!
i wonder how bitcoin is going to be worth when it stops being a currency for good and everyone switches to an altcoin! i wonder where those idiots are going to store their "value" then!

PokerStein1

full member

Activity: 392

Merit: 100

Yes i can say about fee's are too high but i cant say yes to there is too much transactions on network , because every time i want to send my bitcoins i do not wait too much.

hxo1997

newbie

Activity: 16

Merit: 0

Just wait and pray. Hope luck will come to us Undecided

Hanablue

full member

Activity: 204

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Thats really terrible and heartbreaking. I wonder what is the solution of this shit. The same thing happened in ether network too.

hxo1997

newbie

Activity: 16

Merit: 0

Really, it took all for the fee and this one have nothing left. If this is true when will i get confirmed Sad

Gleb Gamow

vip

Activity: 1428

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Okay, our problem's solved. We've been doin' it all wrong ...

https://blockchain.info/tx/890842cceb473cccb5de2cf27a99227a483580924246f332b2c32dea438d0653

hxo1997

newbie

Activity: 16

Merit: 0

Quote from: DARKANGEL6415 on December 08, 2017, 07:10:29 PM

Quote from: LeGaulois on December 08, 2017, 12:05:56 PM

Yesterday I sent some bitcoins with over 200,000 unconfirmed transactions and it took only about 1 hour to have it credited, and this with a pretty low fee. So don't really look at the number of unconfirmed transactions

And no bitcoin isn't supposed to be an instant transaction method

You are lucky not sure what you did to get it confirmed and credited so fast but i have been waiting for 52 hours. I still dont have not even 1 confirmation on it. The weird thing is it keeps getting reset to zero like it is a new transaction being done. Now i am not the sender i am tje receiver of a payment. No im not going crazy it really does reset see referring number below.

b642003e63e38f8fd9eed9cd8252179c4101ada0e8583c75bc8f714f7af12371

I'm in the same situation with you

DARKANGEL6415

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Activity: 672

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ADAMANT — the most secure and anonymous messenger

Quote from: LeGaulois on December 08, 2017, 12:05:56 PM

Yesterday I sent some bitcoins with over 200,000 unconfirmed transactions and it took only about 1 hour to have it credited, and this with a pretty low fee. So don't really look at the number of unconfirmed transactions

And no bitcoin isn't supposed to be an instant transaction method

You are lucky not sure what you did to get it confirmed and credited so fast but i have been waiting for 52 hours. I still dont have not even 1 confirmation on it. The weird thing is it keeps getting reset to zero like it is a new transaction being done. Now i am not the sender i am tje receiver of a payment. No im not going crazy it really does reset see referring number below.

b642003e63e38f8fd9eed9cd8252179c4101ada0e8583c75bc8f714f7af12371

aardvark15

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Activity: 1008

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Quote from: yaking on December 08, 2017, 10:49:18 AM

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. Undecided

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

A few years ago people were saying that one of the major benefits of Bitcoin is that you could send money anywhere in the world almost instantly and almost free. We can’t really say that anymore, at least right now.

I hav a transaction stuck for almost 2 days now. The number of unconfirmed transactions has been over 200,000 most of the last two days. Some people are saying it’s taking 4 day to get them confirmed.

tabas

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I'll wait for these volumes of transactions to be confirmed and be down to 100k-60k before transacting. I can't take the fees for now even though I really want to.

markint

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I think that this is a problem that has already been widely discussed, for which we must be aware that bitcoin has ceased to be an adequate currency to carry out ordinary transactions. But fortunately there are countless altcoins that can satisfy those shortcomings completely.

In addition this problem should motivate us to hold our bitcoins as the valuable digital gold that is, avoiding these unnecessary congestion.

hxo1997

newbie

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I have to wait 16 hours and nothing happened to my transaction Sad

Tszunami98

full member

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I payed around 15$ for a 3000$ transaction, but that was when btc was around 14k...i dont know if i am lucky but i never had problems with confirming my transaction...i mean this one lasted for 1 hour or so to get confirmed.
Anyway, i do agree those taxes are pretty high and basically they force you to hold the coin and not to transact.

hxo1997

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Thanks but how long could it be?

khaled0111

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Quote from: Draude93 on December 08, 2017, 12:47:58 PM

bitcoin is just getting old and slow only the price is up lol

Are you serious!! Bitcoin network is just 8 years old and it is considered as a new technology.
The network faces these problems because it is still new and users are not familiar with it.

The network congestion is somehow understandable. Bitcoin is insanely rising that is why many people want to buy it which results in a huge number of transactions.
It is hard to treat all these transactions in the same time.

Quote

Help me please, anyone?

0.36$ fee is too low thus you have to wait before seeing your transaction getting confirmed especially with the current network status.

hxo1997

newbie

Activity: 16

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Help me please, anyone?

Reid

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Activity: 3052

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Then go look for something else that will let you pay less.
Oh I am sorry where could we find one now?
At Western Union the higher the amount the higher you pay.

Look, this congested transaction is being resolved and that is why you are seeing a higher tx fee so that they could eliminate those who are just sending little amounts and fees. Prevention is needed first so they could move and finish all those pending transaction.

Topic: 220k unconfirmed transactions - page 2. (Read 1713 times)