Topic: 220k unconfirmed transactions - page 5. (Read 1713 times)
The bitcoin block chains work pretty slowly. That makes most transactions unconfirmed. That's why bitcoin needs to be upgraded. may have to replace
The only thing that comes in my mind when Business establishment is accepting another mode of payment for their products and services through Cryptocurrencies like Bitcoin then how would they handle the confirmations of the transactions that in every transaction will wait for number of days before the confirmation.
This way is not really reliable because recently Mc Donalds is announcing that their food chain establishment will accept Bitcoin as payments in the future but how exactly they are going to handle this one that when a person orders a burger using Bitcoin but i will take a week for the confirmation.
This is really ridiculous, online markets can only do this but in food chain? I think it's impossible.
This way is not really reliable because recently Mc Donalds is announcing that their food chain establishment will accept Bitcoin as payments in the future but how exactly they are going to handle this one that when a person orders a burger using Bitcoin but i will take a week for the confirmation.
This is really ridiculous, online markets can only do this but in food chain? I think it's impossible.
Now the price of bitcoin fell slightly and therefore it seems to me that the number of transactions to decrease. Perhaps due to rising prices many bitcoin users want to transfer their coins to the exchange and sell. This could trigger a rise in the number of transactions with which the miners were unable to cope. This is another argument in favor of increasing the block size.
Guess we can count on seeing these posts every few months. I'm not by far the most experienced or elite Bitcoin user, but I must have done hundreds of transactions by now (and received more), all since 2016. While I try to shy away from transacting during these periods of heavy demand, I've still managed to spend reasonably well, in terms of percentage.
I think the normal Bitcoin user, as DH points out - and hopefully I am like them - will be using Bitcoin for larger transactions, and not longer dollars worth. Percentage-wise, I still find Bitcoin to be the cheapest mode of transfer, at least when I'm the one responsible for paying my own fees. This percentage is not really affected by every ATH.
I think the normal Bitcoin user, as DH points out - and hopefully I am like them - will be using Bitcoin for larger transactions, and not longer dollars worth. Percentage-wise, I still find Bitcoin to be the cheapest mode of transfer, at least when I'm the one responsible for paying my own fees. This percentage is not really affected by every ATH.
Lots of transactions since yesterday morning havent confirmed. I know a couple major bitxoin atms that cant transact because their hot wallets are not getting reloaded with 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!!
It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
I guess they wanted a fast confirmation.
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up,
If you wanted faster confirmation, perhaps you should have paid a higher transaction fee?
isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail. 
No.
Confirmations have NEVER been "almost instant". On average, transactions with a high enough transaction fee take 10 minutes. Confirmations that don't have a high enough transaction fee to get into the next block need to wait until a later block. This is how bitcoin has ALWAYS worked.
Bitcoin is known for irreversible transactions.
Bitcoin is known for permission-less access.
Bitcoin is known for trustless peer-to-peer transactions.
Bitcoin is known for being decentralized.
Bitcoin is known for being secure.
Bitcoin is known for "almost instant" 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.
It is quite possible that the "normal" user of bitcoin in the future will be those that are sending VERY large values, and which are therefore happy to pay large transaction fees. If you are a multinational business and you want to quickly transfer value worth millions of USD dollars between countries, then you may be perfectly happy to pay a $100 transaction fee to accomplish it. With enough transactions like that on a regular basis, it may forever be VERY expensive to send low value transaction on the bitcoin blockchain.
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
And no bitcoin isn't supposed to be an instant transaction method
no need to worry at all.transaction pending is not new issue.it will proceed as usual
but it will take time
but it will take time
Hey everyone,
It's crazy how many transactions are stuck at the moment
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
The heck.. Yesterday or day before it was like what, 40000 transactions. Whoa this is getting screwed up by the day. It's crazy how many transactions are stuck at the moment
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
Quote
I just saw some transactions worth $250 with a fee of almost $40!!
Should I consider myself lucky that I paid less for a transaction worth like 500-600$, or should I regret that I paid a huge tx fee. 
But yeah mine is stuck too.. 
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
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