Average Transaction Time | Bitcointalksearch.org

e4xit

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Quote from: spndr7 on January 16, 2014, 06:58:49 AM

Quote from: xb0x on January 15, 2014, 01:00:35 PM

almost 24 hr to get a single confirmatiom or even more than that in some case

How much did you paid in fees ?

What is the minimum fees required to process transaction in 24 hrs ?

I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value of bitcoin increases.

Where did you get this original idea from? I want one!

You could always try the search bar for things that have been raised 100 times already (or better still a google custom search).

spndr7

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Quote from: xb0x on January 15, 2014, 01:00:35 PM

almost 24 hr to get a single confirmatiom or even more than that in some case

How much did you paid in fees ?

What is the minimum fees required to process transaction in 24 hrs ?

I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value of bitcoin increases.

spndr7

legendary

Activity: 1032

Merit: 1000

Quote from: AmericanBit on January 15, 2014, 01:01:59 PM

Quote from: spndr7 on January 15, 2014, 12:56:19 PM

Please share any recent experiences,if some one tried it ?

I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee...

Thanks

AmericanBit

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Activity: 630

Merit: 250

Quote from: spndr7 on January 15, 2014, 12:56:19 PM

Please share any recent experiences,if some one tried it ?

I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee...

xb0x

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Better don't say if you don't know!

almost 24 hr to get a single confirmatiom or even more than that in some case

spndr7

legendary

Activity: 1032

Merit: 1000

Please share any recent experiences,if some one tried it ?

AmericanBit

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Activity: 630

Merit: 250

Quote from: spndr7 on January 15, 2014, 12:21:41 PM

Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ?

Well how quickly do you get to work, when youre not getting paid for it? Youd probably take your time...maybe stop for some starbucks on the way? Roll Eyes

spndr7

legendary

Activity: 1032

Merit: 1000

Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ?

Please share any recent experiences,if some one tried it ?

Topic: Average Transaction Time (Read 763 times)