Topic: 65214 Unconfirmed Transactions - page 2. (Read 1948 times)
lately always happens Unconfirmed Transactions of the blockchain. This would be very bad if this kind of thing always happens. maybe this can reduce people's interest in bitcoin. because bitcoin is very popular with the transaction so quickly. I hope this can be overcome.
It is a very bad approach to sit back and do nothing. So get off your ass and do something. At least go start a BU node. It is not that hard. Can anyone give a link to simplified instructions how to set up a BU node for the morons?
Several hackers who are acquaintances of mine, said me that they want decentralisation and hack every one who starts BU node and take away all bitcoins from them, that's very easy because BU has many flaws and bugs. I can't say for sure but appears that they were not joking
It is a very bad approach to sit back and do nothing. So get off your ass and do something. At least go start a BU node. It is not that hard. Can anyone give a link to simplified instructions how to set up a BU node for the morons?
Several hackers who are acquaintances of mine, said me that they want decentralisation and hack every one who starts BU node and take away all bitcoins from them, that's very easy because BU has many flaws and bugs. I can't say for sure but appears that they were not joking
it can have a couple of causes:
1) the spammers that are spamming the network with their large number of transactions
2) because of price rise more people are moving bitcoin around either to sell on exchanges or from exchanges out to their cold storages. and that always creates a large number of transactions.
and the solution is as it always have been to solve the block size issue.
1) the spammers that are spamming the network with their large number of transactions
2) because of price rise more people are moving bitcoin around either to sell on exchanges or from exchanges out to their cold storages. and that always creates a large number of transactions.
and the solution is as it always have been to solve the block size issue.
I am using multibit wallet and for more than 24 hours all my btc there has gone to unconfirmed, is it a wallet issue or related to this ongoing phenomenon?
Are we to expect the solution any time soon?
Are we to expect the solution any time soon?
Yep m*rons get up your a*ses and run a BU node so they can take over with less hostile approach!!! there are now only 50k unconfirmed transactions, I had one my self and it only took less than an hour and got first confirmation soon after I used viabtc accelerator.
There are currently 65214 Unconfirmed Transactions on the Bitcoin network at time of posting.
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a high fee. Do we have too many unconfirmed transactions on the network?
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a high fee. Do we have too many unconfirmed transactions on the network?
Hmm. I had to do a transaction yesterday and was shocked when I checked bitcoinfees21 for the suggested fees.
It was @160 per byte and the unconfirmed transactions was just under 70k. Thing is, it wasn't a problem.
I just aimed for fee with the lowest 'pending'. Incidentally, it was at 140-160 range.
My transaction's got 1 input and 1 output and so I only paid 30k sat. The size turned out to be 190bytes so I got within the 140-160 range I was aiming for.(157bytes)
Got 1 confirmation within 2 minutes, 3 confirmations in 10-15 minutes.
For now, it was just a matter of adding 10k to my usual 16 - 20k fees. I do hope it doesn't double/triple in future, especially for times when I got a lot of inputs.
it is negative to bitcoin adoption.
no, it's a positive way to force the NODES to upgrade ... because they don't understand why her transaction is stuck.
because
when the cash will be STOPPED. 
Spammers gonna spam
It is said that not the spam issue, the blockchain is staganant due to small block size, enlarge it to 2MB is important and will be improved soon, if miners don't accept to do this, bitcoin network will be crowd like this in the futre, it is negative to bitcoin adoption.
Just enlighten me please, isn't confirming the transactions called mining? also if you find a block you'll get the fees and if you run a node with desktop computer you are technically mining but will never find a block and never receive any thing whatsoever.
It's the pools that should run as many full nodes as they can but are they?
One thing we should let people know, you can mine with 5m rigs and link them just to 1 node or you can have 5m rigs and link each one to a node to have 5m nodes, but if you want to find a block faster than others it's better if you do everything with that one node.
But the network problem is way over that, and it's about the limitations in the source code itself, so if you run 10m full nodes you'll be limited to find a block every 10 minutes and in each block only a limited number of transactions can fit.
Confirming the transactions is indeed done by mining (and mining only) but running a node on your computer - or any computer - is not mining. That stopped being possible 5 years ago... Mining bitcoin is done with dedicated ASIC mining hardware only and most hardware is directing its power towards pools that construct work for them that then submit blocks. The pools only need one node to submit the block, running more nodes does nothing for them (except perhaps create more places to distribute the block from.) You misunderstand a lot of what's going on. It's the pools that should run as many full nodes as they can but are they?
One thing we should let people know, you can mine with 5m rigs and link them just to 1 node or you can have 5m rigs and link each one to a node to have 5m nodes, but if you want to find a block faster than others it's better if you do everything with that one node.
But the network problem is way over that, and it's about the limitations in the source code itself, so if you run 10m full nodes you'll be limited to find a block every 10 minutes and in each block only a limited number of transactions can fit.
There are currently 65214 Unconfirmed Transactions on the Bitcoin network at time of posting.
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a fee of $0.13. What has to change?
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a fee of $0.13. What has to change?
Your post means absolutely nothing. What the hell is $0.13 in terms of a fee? How many Satoshis per byte was the fee? If you had 100 inputs you'll be waiting a long time whereas if you had 1 or 2 you'll see a way faster transaction. Your fee based on the number of bitcoins means nothing. 1 input of 1000BTC will cost the exact same to send as 1 input of 0.01BTC. Next time look at the dynamic fee and choose accordingly.
There are currently 65214 Unconfirmed Transactions on the Bitcoin network at time of posting.
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a fee of $0.13. What has to change?
What does that imply? Is this good? I have a transaction of 0.01 BTC that has been stuck for almost 24 hours despite a fee of $0.13. What has to change?
Even though the bitcoin price is really high comparing with the past months and years (except $1,150) but still the miners want higher fees.
It's quite surprising but the truth is that they control the flow of the number of all confirmed/unconfirmed transactions.
People Forgot That The Idea Of Bitcoin Is P2P Transferring, we need to run nodes in our home to support the bitcoin network, there’s how we can do it:
~snip~ lol
Isn't confirming transactions the same as mining? sorry but I was running a full node for a few months on my desktop and all I got was an useless overheated junk left for me to throw away.~snip~ lol
If you know a way to run a full node and get the fees without the need of your resources being used then I'm all ears.
About what fees you are talking about?
There's hundred of more powerful mining rigs than computers working 24/7.
Forget about the idea of getting fees from computer node.
If you would run node at least when you using your computer it would help to the network.
It's the pools that should run as many full nodes as they can but are they?
One thing we should let people know, you can mine with 5m rigs and link them just to 1 node or you can have 5m rigs and link each one to a node to have 5m nodes, but if you want to find a block faster than others it's better if you do everything with that one node.
But the network problem is way over that, and it's about the limitations in the source code itself, so if you run 10m full nodes you'll be limited to find a block every 10 minutes and in each block only a limited number of transactions can fit.
People Forgot That The Idea Of Bitcoin Is P2P Transferring, we need to run nodes in our home to support the bitcoin network, there’s how we can do it:
~snip~ lol
Isn't confirming transactions the same as mining? sorry but I was running a full node for a few months on my desktop and all I got was an useless overheated junk left for me to throw away.~snip~ lol
If you know a way to run a full node and get the fees without the need of your resources being used then I'm all ears.
About what fees you are talking about?
There's hundred of more powerful mining rigs than computers working 24/7.
Forget about the idea of getting fees from computer node.
If you would run node at least when you using your computer it would help to the network.
Is it possible it's the miners themselves doing this to put pressure on the core team to make the necessary improvements?
After all, the miners will reclaim a portion of their own transaction fees – with enough collusion between large miners they could do this almost for free
Unless it's the miners that are injecting the transactions in the first place, no, the miners aren't doing anything to perpetuate this issue. All blocks are about as full as they possibly can be and all signs are that they are filled according to transaction fee/size ratio which is the default bitcoind selection process. After all, the miners will reclaim a portion of their own transaction fees – with enough collusion between large miners they could do this almost for free
People Forgot That The Idea Of Bitcoin Is P2P Transferring, we need to run nodes in our home to support the bitcoin network, there’s how we can do it:
~snip~ lol
Isn't confirming transactions the same as mining? sorry but I was running a full node for a few months on my desktop and all I got was an useless overheated junk left for me to throw away.~snip~ lol
If you know a way to run a full node and get the fees without the need of your resources being used then I'm all ears.
I think there should indeed be some sort of incentive for full nodes, but that just isn't the case.
Back in 2015, Bitnodes was giving out some incentive to people running a full node though:
https://bitcoinmagazine.com/articles/bitnodes-project-issues-first-incentives-node-operators-1426544155/
People Forgot That The Idea Of Bitcoin Is P2P Transferring, we need to run nodes in our home to support the bitcoin network, there’s how we can do it:
~snip~ lol
Isn't confirming transactions the same as mining? sorry but I was running a full node for a few months on my desktop and all I got was an useless overheated junk left for me to throw away.~snip~ lol
If you know a way to run a full node and get the fees without the need of your resources being used then I'm all ears.
Spammers gonna spam
Is it possible it's the miners themselves doing this to put pressure on the core team to make the necessary improvements?
After all, the miners will reclaim a portion of their own transaction fees – with enough collusion between large miners they could do this almost for free
After all, the miners will reclaim a portion of their own transaction fees – with enough collusion between large miners they could do this almost for free
Jump to: