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Topic: Aug 1 summary - page 16. (Read 96452 times)

full member
Activity: 327
Merit: 100
August 09, 2017, 10:19:05 AM
Strange,

when i send BTC to a new wallet, the BCC gets sent with it.
When the old, empty BTC key is imported into bitcoinABC wallet it shows the BCC moved also with the btc heh.

full member
Activity: 188
Merit: 110
August 09, 2017, 08:35:17 AM
Guys I just transferred some BTC from gemini to gdax but it's been 44 minutes and it didn't even get 1 confirmation. On Blockcypher it shows miner preference medium, confidence level %88.

Why is it so slow? It has never happened to me before.

Also; before I make transfers, is there a way to see how busy btc network is? Based on what can you tell if it is busy or not?

may answer your question -- though focused on fees and corresponding timeliness of your transaction getting into a block.  i find this helpful:

https://bitcoinfees.21.co/

or if you want to look directly at backlog:

https://blockchain.info/charts/mempool-size

Good morning guys!

Thanks a lot for your information els!

I would rather pay more fees for an instant transfer but the problem is I am using an exchange Gemini. I don't think users can choose their own fees. They have a flat fee where users can't change.

Please correct me if anyone is using Gemini.

Thanks.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 09, 2017, 12:30:52 AM
^^good stuff

you can pay more for "instant" confirmation, or be cheap and wait
els
jr. member
Activity: 42
Merit: 4
August 09, 2017, 12:20:12 AM
Guys I just transferred some BTC from gemini to gdax but it's been 44 minutes and it didn't even get 1 confirmation. On Blockcypher it shows miner preference medium, confidence level %88.

Why is it so slow? It has never happened to me before.

Also; before I make transfers, is there a way to see how busy btc network is? Based on what can you tell if it is busy or not?

may answer your question -- though focused on fees and corresponding timeliness of your transaction getting into a block.  i find this helpful:

https://bitcoinfees.21.co/

or if you want to look directly at backlog:

https://blockchain.info/charts/mempool-size
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 08, 2017, 11:55:35 PM
No worries mate.  Wink

We have to help each other, there are plenty of sharks out there.

Please read and educate yourself as best you can if you are going to put wealth that is important to your life in crypto, great opportunity comes with great danger.
full member
Activity: 188
Merit: 110
August 08, 2017, 11:39:18 PM
I have no idea as I do not use that service, poke around in their options and see if you can specify your fees.  Also, I wonder if this was just a lag in the website's reporting...were you actually following the transaction on blockexplorer or just relying on Gemini's interface?

Jojo thanks a lot sir!

I was following on both exchanges and as well as blockcypher.
legendary
Activity: 2324
Merit: 1130
August 08, 2017, 11:34:10 PM
Guys I just transferred some BTC from gemini to gdax but it's been 44 minutes and it didn't even get 1 confirmation. On Blockcypher it shows miner preference medium, confidence level %88.

Why is it so slow? It has never happened to me before.

Also; before I make transfers, is there a way to see how busy btc network is? Based on what can you tell if it is busy or not?

TX rates are insanely high as well.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 08, 2017, 11:14:25 PM
I have no idea as I do not use that service, poke around in their options and see if you can specify your fees.  Also, I wonder if this was just a lag in the website's reporting...were you actually following the transaction on blockexplorer or just relying on Gemini's interface?
full member
Activity: 188
Merit: 110
August 08, 2017, 11:10:05 PM
I understand your stress.

It would help us if we knew the magnitude of the transaction and the fee paid, or even the transaction ID.  If the fee paid was low for current congestion conditions miners will pass over it for more lucrative traffic.

Jojo, I just got 5 confirmations literally in 10 minutes. Thank you very much for your help and explanation.

One more question, would that be possible to talk to Gemini or any other exchange if they can raise my fees a little bit so that I don't need to wait too long? Or all of their fees are fixed and it is not different for anyone?
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 08, 2017, 11:06:40 PM
I understand your stress.

It would help us if we knew the magnitude of the transaction and the fee paid, or even the transaction ID.  If the fee paid was low for current congestion conditions miners will pass over it for more lucrative traffic.
full member
Activity: 188
Merit: 110
August 08, 2017, 10:26:17 PM
relax man, it happens

Jojo, thank you very much for your message. I can certainly relax now lol.

Besides that, do you have any explanation for me? I would like to learn. Smiley

Blocks are not found every 10 minutes like clockwork.  Blocks are discovered at random and the network adjusts difficulty so that a block is discovered every 10 minutes ON AVERAGE.  There have been instances of hours going by without a block, there have been blocks discovered seconds apart.  If your transaction was broadcast to the network with a reasonable fee it will be included in a discovered block in due time.

Thank you very much sir! I appreciate your post and your help.

It's crazy that now it is an hour and 30 minutes, I still didn't get even 1 confirmation lol.
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 08, 2017, 10:10:55 PM
relax man, it happens

Jojo, thank you very much for your message. I can certainly relax now lol.

Besides that, do you have any explanation for me? I would like to learn. Smiley

Blocks are not found every 10 minutes like clockwork.  Blocks are discovered at random and the network adjusts difficulty so that a block is discovered every 10 minutes ON AVERAGE.  There have been instances of hours going by without a block, there have been blocks discovered seconds apart.  If your transaction was broadcast to the network with a reasonable fee it will be included in a discovered block in due time.
full member
Activity: 482
Merit: 117
August 08, 2017, 10:04:52 PM
Superb now all are relax. Now Bitcoin value also increases.
Thanks for the information.
full member
Activity: 188
Merit: 110
August 08, 2017, 09:57:53 PM
relax man, it happens

Jojo, thank you very much for your message. I can certainly relax now lol.

Besides that, do you have any explanation for me? I would like to learn. Smiley
legendary
Activity: 3374
Merit: 4738
diamond-handed zealot
August 08, 2017, 09:50:07 PM
relax man, it happens
full member
Activity: 188
Merit: 110
August 08, 2017, 09:47:44 PM
Guys I just transferred some BTC from gemini to gdax but it's been 44 minutes and it didn't even get 1 confirmation. On Blockcypher it shows miner preference medium, confidence level %88.

Why is it so slow? It has never happened to me before.

Also; before I make transfers, is there a way to see how busy btc network is? Based on what can you tell if it is busy or not?
newbie
Activity: 13
Merit: 0
August 08, 2017, 09:41:07 PM
I was actually hoping for BCH to go down so that I could scoop up more of those.   I think taking a long position on both is probably the best way to go if you can do it.

We are a week into it today.   There is no reason to rush into dumping the BCH that early. 


Yes keithers, I agree with your stand and plan to do the same.  Wink
hero member
Activity: 1924
Merit: 538
August 08, 2017, 09:34:04 PM
I was actually hoping for BCH to go down so that I could scoop up more of those.   I think taking a long position on both is probably the best way to go if you can do it.

We are a week into it today.   There is no reason to rush into dumping the BCH that early.  

Grab a surfboard and ride the BCH waves! Should be an interesting ride.

Buy low....HODL...Sell high.  The BTC way.

Bitcoin ABC (Bitcoin Cash; Bcash) is about 900 blocks behind BTC...not so much...
legendary
Activity: 2324
Merit: 1130
August 08, 2017, 06:33:43 PM
I was actually hoping for BCH to go down so that I could scoop up more of those.   I think taking a long position on both is probably the best way to go if you can do it.

We are a week into it today.   There is no reason to rush into dumping the BCH that early.  

Grab a surfboard and ride the BCH waves! Should be an interesting ride.

Buy low....HODL...Sell high.  The BTC way.
legendary
Activity: 1456
Merit: 1001
This is the land of wolves now & you're not a wolf
August 08, 2017, 06:07:57 PM
I was actually hoping for BCH to go down so that I could scoop up more of those.   I think taking a long position on both is probably the best way to go if you can do it.

We are a week into it today.   There is no reason to rush into dumping the BCH that early. 
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