Topic: +95,000 Unconfirmed Transactions (Read 463 times)
If they don't evolve this will be the downfall of bitcoin. They will have to change the block size or implement lightening or something because people will stop using out of necessity, it will become unusable
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Higher prices generally mean greater mining profitably, so if the difficulty has just shot up, it could mean some miners are taking profit at these new all time highs, but then investing that profit back into some new ASIC hardware. It would make sense from a business perspective to take advantage of such rapid gains to expand the farm. Expect difficulty to go even higher once a new hardware manufacturer launches their miner to combat the dominance of Bitmain.
Those Halong Dragonmint miners are unproven. 5 minimum order with an April delivery. Risky order.
The link is right there in my previous post. They're a new company and my understanding is that one of the seasoned veterans on these boards is affiliated with it, although I've sadly forgotten which one. They claim the tech is superior and they can do it for a competitive price. It sounds like a promising prospect, but as with all things, we'll have to wait and see. It should all be kicking off soon if all goes to plan.
Damned my transaction might be one of those the, I mean come on now miners it's almost a week and my transactions has not yet been confirmed what is wrong with you guys first the high transaction fee now the delay of transaction man it sucks. I don't know what is happening maybe there are less miners our there or the low value of bitcoin is forcing them to upgrade the transaction fee.
It is important for BTC to address this problem with network traffic because high rates and unconfirmed transactions are very bad for small investors
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Higher prices generally mean greater mining profitably, so if the difficulty has just shot up, it could mean some miners are taking profit at these new all time highs, but then investing that profit back into some new ASIC hardware. It would make sense from a business perspective to take advantage of such rapid gains to expand the farm. Expect difficulty to go even higher once a new hardware manufacturer launches their miner to combat the dominance of Bitmain.
Those Halong Dragonmint miners are unproven. 5 minimum order with an April delivery. Risky order.
I would love to know more about these myself, so I'll jump into that. Good competition for Bitmain would be great, but if it's a half-assed implementation that fails, it will actually hurt future competition.
BTC dominance is holding at around 35% right now, and I'm honestly not happy unless it is at between 49 and 51%, but we're not going to see that until these fees go down.
As a general rule, you can not turn all available funds into one definite coin, even a very reliable and promising one. This also applies to bitcoin. Moreover, currently bitcoin has become very slow, its transactions are hanging by hundreds of thousands, and the commission costs for their holding are becoming more and more expensive. Many bitcoin holders in this regard refuse it and transfer their funds to the altcoyins. In this regard, the credibility of bitcoin is greatly shaken. Thus, the risks of investing bitcoin increase and so I would not recommend all of my savings to invest in bitcoin. Perhaps in the near future bitcoin will eliminate these shortcomings, but for now it is necessary to proceed from these realities.
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Higher prices generally mean greater mining profitably, so if the difficulty has just shot up, it could mean some miners are taking profit at these new all time highs, but then investing that profit back into some new ASIC hardware. It would make sense from a business perspective to take advantage of such rapid gains to expand the farm. Expect difficulty to go even higher once a new hardware manufacturer launches their miner to combat the dominance of Bitmain.
Those Halong Dragonmint miners are unproven. 5 minimum order with an April delivery. Risky order.
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Higher prices generally mean greater mining profitably, so if the difficulty has just shot up, it could mean some miners are taking profit at these new all time highs, but then investing that profit back into some new ASIC hardware. It would make sense from a business perspective to take advantage of such rapid gains to expand the farm. Expect difficulty to go even higher once a new hardware manufacturer launches their miner to combat the dominance of Bitmain.
It has been a routine now a day. Wonder if they have any solution to this problem. Fees is also becoming higher and higher.
And do you know that China is planning to kick out miners ("bitcoin miners should make an “orderly exit” from China because they have consumed “huge amounts of resources and stoked speculation of ‘virtual currencies.”"(Techcrunch says)) and that's the big problem for BTC community, there're a lot of miners there
Such a news is getting circulated around the cryptocurrency community. China being a global legend supporting cryptocurrency in the past has been making lots of regulatory acts. Now the confirmations happening with bitcoin transactions were getting delayed and more transactions were getting stuck to the network is completely based on the network congestion. 
And do you know that China is planning to kick out miners ("bitcoin miners should make an “orderly exit” from China because they have consumed “huge amounts of resources and stoked speculation of ‘virtual currencies.”"(Techcrunch says)) and that's the big problem for BTC community, there're a lot of miners there
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
the lucrative thing is that if many bitcoin miners in the world continue to grow, it will help and benefit also to them maybe 
I think all back on bitcoin users themselves at least do not make unnecessary payment transactions
I think all back on bitcoin users themselves at least do not make unnecessary payment transactions
We need a bigger block size. There will have to be another hard fork. Wouldn’t that solve the issue? Why didn’t the BTG hard fork happen? Wasn’t that suppose to have a 2MB block size?
It could, but that would come with certain downsides. Whether that is worth the immediate but temporary relief is up for debate. Besides the technical issue of decentralization, there's also a political side with Bitcoin Cash being validated somewhat. Either way, it doesn't look like a small block size increase is on the table. All we have right now is inceased Segwit adoption and the upcoming Lightning Network.
The Bitcoin Gold fork did happen, but no one really cares about it. It doesn't affect the main chain whatsoever, so it isn't even relevant in this case.
We need a bigger block size. There will have to be another hard fork. Wouldn’t that solve the issue? Why didn’t the BTG hard fork happen? Wasn’t that suppose to have a 2MB block size?
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Unconfirmed Transactions is problem and we make it worst . many just things by earning and moving bitcoin between sites all this make market cap incrasing then price incrasing in other words.
people must stop thinking bitcoin is fast way to be rich
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
So all these transactions which are unconfirmed are with low fees so why would they simply mine and barely earn anything rather the higher fees would be given priority first.
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
That's why litecoin and lightning network wee created, to reduce transaction congestion.But until lightning network will be available, the number of unconfirmed transaction will increase as much transaction occurs.
What does Litecoin have to do with anything? It's not tied to Bitcoin by any means.
Looks like we're getting close to the amount of unconfirmed transactions that were in the market when BCH went up to $ 2,500. Difficulty Rating also shot up today. What does it all mean?
Maybe bigger blocks, even by 50%, weren't a bad idea if they were implemented correctly. The bad news is that the number of unconfirmed transactions just keeps going up amidst the efforts of the miners.
High fees for everyone while they chip away at the queue then.
I don't know about bigger blocks, but I'm fairly sure I saw the number of unconfirmed transaction a few days ago was about 200k, and the next time I checked it was at about 95k. It seems to have shot up again at 150k, but hey, at least it hasn't become progressively worse since 200k. Either way, the mempool has already been clogged up longer than when Bitcoin Cash launched their shill attack, and it doesn't look like things will be going back to normal soon. We may need a band-aid solution pretty soon.
I think that its far better than last week's volume of almost 220,000 unconfirmed transactions when bitcoin reached its ATH price.Segwit has not helped by any way to solve this problem.It could be solved when lightning network gets activated which is still in its beta stage.
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