I suppose this is some kind of spam effort, and not a natural growth of bitcoin transactions.
Maybe somebody is trying to bring the bitcoin price down by delaying the confirmation times.
Or a segwit supporter tries to show the importance of the segregated witness soft-fork.
Topic: 65,000+ Unconfirmed Transactions, Why? - page 2. (Read 1827 times)
This is a serious issue and need to come up with a solution soon, I need to pay 65000sat to move 0.21BTC because the first two transactions was stalked for hours and not confirmed.
This is the solution.
Bitcoin is currently designed to force users into a "fee war". The idea is that those who really want to use bitcoin will be willing to pay the fee. If bitcoin isn't important enough for a user's needs, then the fee will discourage them so they will go elsewhere. The assumption is that the system will eventually reach an equilibrium where the fees are high enough to keep the transaction volume at nearly always full blocks.
It will be interesting to see if that equilibrium actually occurs, or if the whole system collapses as users all flock to some other system. Either way, it's going to be fun to watch this experiment unfold.
This is it. By paying maximum fee of any wallet you will not wait that much. And 65000 satoshi 0.00065 BTC is not much is only 0.65 USD with the current Bitcoin price to move 210 USD or 0.21 BTC. I will gladly pay that fee because Bitcoin to me is very important. I never have such problems when using my wallets Electrum or HW.1 as I always pay higher than recommended fee. These threads are becoming more and more common , this problem can be solved with the higher fees.
paying the right fee is ok but if a number(equal to the maximum tx per block) of other people pay more than you they will get their transaction sent faster, unless you pay more than them and so on
so in the end fee does not even matter you will always have TX in queue because of the block limit, and nothing can be done until they solve that
so in the end fee does not even matter you will always have TX in queue because of the block limit, and nothing can be done until they solve that
Been 8 hours and my transaction is still hanging .. How do i know how much of a fee i need in to get my transactions through fast?
I think this issue is not yet resolved, but it is good before sending bitcoin we also need to know where the rush hour queues transaction has not been confirmed, I can only advise you to visit this site
https://www.viabtc.com/tools/txaccelerator/
you need to enter your id tx there to be processed immediately confirm and see here https://blockchain.info/
if you've seen them VIABTC active as well, please enter your id tx, note
Relayed By: VIABTC
you can try that way, hopefully useful
https://www.viabtc.com/tools/txaccelerator/
you need to enter your id tx there to be processed immediately confirm and see here https://blockchain.info/
if you've seen them VIABTC active as well, please enter your id tx, note
Relayed By: VIABTC
you can try that way, hopefully useful
This is a serious issue and need to come up with a solution soon, I need to pay 65000sat to move 0.21BTC because the first two transactions was stalked for hours and not confirmed.
This is the solution.
Bitcoin is currently designed to force users into a "fee war". The idea is that those who really want to use bitcoin will be willing to pay the fee. If bitcoin isn't important enough for a user's needs, then the fee will discourage them so they will go elsewhere. The assumption is that the system will eventually reach an equilibrium where the fees are high enough to keep the transaction volume at nearly always full blocks.
It will be interesting to see if that equilibrium actually occurs, or if the whole system collapses as users all flock to some other system. Either way, it's going to be fun to watch this experiment unfold.
This is a serious issue and need to come up with a solution soon, I need to pay 65000sat to move 0.21BTC because the first two transactions was stalked for hours and not confirmed.
I would like to ask the experts that why this is happening again and again?
There is a limit to the number of transactions that can be confirmed in a block. Any transactions that don't make it in have to wait for a later block. If there are continuously more transactions created than will fit in the next block, then a backlog of unconfirmed transactions builds up until less transactions are created. Since solo miners and mining pools get to choose the transactions that they want to include in the blocks they are working on, and since solo miners and mining pools get to keep the transaction fees of the transactions that they include in the block that they solve, you can create an incentive for your transaction to be included in the next block by paying a higher transaction fee. Those that choose not to pay a higher fee will have to wait until there are less transactions before they will get confirmed. As the average fee goes up, people will stop creating as many transactions (since they are either not getting confirmed or they feel the fee is too expensive). This will reduce the number of transactions created and the backlog can catch up again.
What can we do to avoid this in future
Pay a higher transaction fee.
without paying higher transaction fees?
Oh. In that case, don't use bitcoin when there is a large backlog of high fee paying transactions.
Hello Folks,
Recently we had transactions traffic jam and now again, I can see 65,000+ unconfirmed transactions.
I would like to ask the experts that why this is happening again and again? What can we do to avoid this in future without paying higher transaction fees?
Best
Dudeperfect
Recently we had transactions traffic jam and now again, I can see 65,000+ unconfirmed transactions.
Source : Blockchain
I would like to ask the experts that why this is happening again and again? What can we do to avoid this in future without paying higher transaction fees?
Best
Dudeperfect
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