Topic: BCC transactions are very long (Read 1692 times)
yesterday i am has made a transaction coin BCC or BCH but my BCH is not into my wallet, i wait until 6 hours BCH goes into my wallet. it's very long time and I'm very annoyed.
I just tried my very first BCC transaction (out of Yobit exchange). I got 3 confirmations within just 1 hour (first confirmation after 45 minutes, second 2 minutes later, third 4 minutes later). Not so bad as I expected. Withdrawal fee was 0.01 BCC (~3$), that less than with bitcoin classic 0.0015 BTC (~6$).
Also bitcoin cash network hashrate growing steadily last few days:
https://bitinfocharts.com/comparison/bitcoin%20cash-hashrate.html
And block number already about one hundred per day:
https://blockchair.com/bitcoin-cash/blocks
https://cash.coin.dance/blocks
Probably soon bitcoin cash will provide faster and cheaper transactions.
Also bitcoin cash network hashrate growing steadily last few days:
https://bitinfocharts.com/comparison/bitcoin%20cash-hashrate.html
And block number already about one hundred per day:
https://blockchair.com/bitcoin-cash/blocks
https://cash.coin.dance/blocks
Probably soon bitcoin cash will provide faster and cheaper transactions.
Worry about this situation, some traders must have lost with this process. Maybe this is also a strategy for BCC does not happen drastic price decline.
The trader must be patient, and immediately discard the BCC.
The trader must be patient, and immediately discard the BCC.
BCC already had a drastic price decline, as seen in the graph below (source: https://coinmarketcap.com/currencies/bitcoin-cash/), after unexpectedly skyrocketing to around $1200 days ago.
The long transaction times is just because of BCC/BCH having low hashrate and high mining difficulty due to it being just recently forked as you may know, and also having alot less miner support compared to what BTC has. I suggest to just make the transaction and return after like 24-48 hours later. Hashrate as expected will slowly rise in the future.
Yaa, it now has perhaps a bcc is still very new and it all led to just a few places that want to use the bcc, and miners are also still very little to support the operations of the transaction that there is in it. one of the things that cause it's all due to the tools used are the same as BTc but the results obtained are very bad, so this is the place that might give you a loss. But we don't just keep thinking, that the bcc will not give you an advantage. For if all plans have been going well, there is a great possibility that the bcc price will be very competitive with btc and btc also likely will be unbeatable.
How much fee did yobit put on? sounds like they haven't even broadcast the transaction yet by how you say it, if its in the network with correct fee then you would have confirms by now.
Yeah you may be right, I don't think its been broadcast. The first smaller withdrawal from them used .00092700 BCC
Worry about this situation, some traders must have lost with this process. Maybe this is also a strategy for BCC does not happen drastic price decline.
The trader must be patient, and immediately discard the BCC.
The trader must be patient, and immediately discard the BCC.
BCC already had a drastic price decline, as seen in the graph below (source: https://coinmarketcap.com/currencies/bitcoin-cash/), after unexpectedly skyrocketing to around $1200 days ago.
The long transaction times is just because of BCC/BCH having low hashrate and high mining difficulty due to it being just recently forked as you may know, and also having alot less miner support compared to what BTC has. I suggest to just make the transaction and return after like 24-48 hours later. Hashrate as expected will slowly rise in the future.
What do you expect from a shitcoin.
This cloning strategy wont take them to the moon. They are just fooling themselves on trying to mimic bitcoin. They better just make another coin. Maybe they can reach ETH in price if ever they will start now.
Some have waited 24 hours longer before they can see there coins move out of HitBtc me i got my coins 7 hours before any TX is posted and another 2 hours waiting to be cleared at mempool.
I got some with yobit and still haven't received 1 confirmation to withdrawal, been stuck pending for 36 hours and no comfirmations
How much fee did yobit put on? sounds like they haven't even broadcast the transaction yet by how you say it, if its in the network with correct fee then you would have confirms by now.
Some have waited 24 hours longer before they can see there coins move out of HitBtc me i got my coins 7 hours before any TX is posted and another 2 hours waiting to be cleared at mempool.
I got some with yobit and still haven't received 1 confirmation to withdrawal, been stuck pending for 36 hours and no comfirmations
Some have waited 24 hours longer before they can see there coins move out of HitBtc me i got my coins 7 hours before any TX is posted and another 2 hours waiting to be cleared at mempool.
Think we might be beating that record today actually there is talk of miners dropping hashing power to manipulate difficulty levels today. Im still at 1 confirm over last 6 hours haha.
Some have waited 24 hours longer before they can see there coins move out of HitBtc me i got my coins 7 hours before any TX is posted and another 2 hours waiting to be cleared at mempool.
It depends on the miners who support the blockchain of bcc, if there will be no supporter presence then the transactions will take a lot of time before it gets confirmation because it is not an automated blockchain and it still needs the presence of the miners. If you want a faster transactions then just stick with bitcoin.
The less miners currently is pushing the price up in a strange way. It cuts out the fresh supply of BCH and the current supply on the exchanges is pretty limited. Expect a push above $500 again IMO.
It depends on the miners who support the blockchain of bcc, if there will be no supporter presence then the transactions will take a lot of time before it gets confirmation because it is not an automated blockchain and it still needs the presence of the miners. If you want a faster transactions then just stick with bitcoin.
People are transferred they bitcoin cash to bittrex for dumping! I believe bitcoin cash developers has understood this and they are limiting the confirmation time in other to keep the price up. It is a best strategy for them. Op endure a little bit and your bittrex account will be credited.
for me only about 30 minutes,not so bad.
The block times are still not stable, I've seen some very close blocks 10-15 minutes apart then the next could take 1 hour.
https://blockchair.com/bitcoin-cash/blocks
https://blockchair.com/bitcoin-cash/blocks
The only way we can use BCCthe way it was meant to be used is to hold it, increase the worth and therefore increase hashing power when more miners want to take it on.
Agreed, the profitability equation is starting to shift. It was 200%+ more profitable to mine BTC, but now its down to 75%. Once it flips and becomes more profitable to mine BCC then this will really start to gain.
https://cash.coin.dance/blocks
Will that affect the price of BitcoinCash to go as high as Bitcoin? I missed the dump at the first day of listing, but now I have sent all my BCC to Bittrex and I have placed sell orders a little above the current price. I am willing to cancel them if someone can convince me it is the wrong decision.
Please also explain how that went down to 75%, and should happen for it to be back to 200%.
The only way we can use BCCthe way it was meant to be used is to hold it, increase the worth and therefore increase hashing power when more miners want to take it on.
Agreed, the profitability equation is starting to shift. It was 200%+ more profitable to mine BTC, but now its down to 75%. Once it flips and becomes more profitable to mine BCC then this will really start to gain.
https://cash.coin.dance/blocks
Thank you very much for providing information.
Your answer I respect.
The conclusion: now I understand why bcc transactions are so slow, that's because bcc hash power is low. Is that so?
I have been selling BCC a few days ago. And I got a loss by selling it at a low price.
Your answer I respect.
The conclusion: now I understand why bcc transactions are so slow, that's because bcc hash power is low. Is that so?
I have been selling BCC a few days ago. And I got a loss by selling it at a low price.
BCC wallet in exchanger is available for deposit and withdraw.
I am trying to send some BCC from HitBTC to Bittrex exhange.
I waited for 10 hours and until now some confirmations have not been completed. I want to ask: is it normal?
Now,it has become a coin whose price is declining and has more mining difficulties.So,it has almost got all qualities to be discarded.It seems that very few miners who supported BCC have also started mining BTC due to its ever increasing price.Its just a copy cat and nothing else special features in it.Even some of best altcoins monero,zcash which delivered special features like full anonymity unlike bitcoins have not been able to stand against bitcoin in the long run and it would be totally illogical to expect such shit coins BCC to perform well. I am trying to send some BCC from HitBTC to Bittrex exhange.
I waited for 10 hours and until now some confirmations have not been completed. I want to ask: is it normal?
I actually have never done transactions using BCC, however as I know beforehand that BCC is a place that has a far better deals than bitcoin. But I see from the case that you have right now is the possibility that problems that occur are on exchanger you use and does not cover the possibility that the miners also helps in handling the confirmation of BCC is very slightly so they have to work hard so that everything can be run better.
Worry about this situation, some traders must have lost with this process. Maybe this is also a strategy for BCC does not happen drastic price decline.
The trader must be patient, and immediately discard the BCC.
The trader must be patient, and immediately discard the BCC.
BCC already had a drastic price decline, as seen in the graph below (source: https://coinmarketcap.com/currencies/bitcoin-cash/), after unexpectedly skyrocketing to around $1200 days ago.
The long transaction times is just because of BCC/BCH having low hashrate and high mining difficulty due to it being just recently forked as you may know, and also having alot less miner support compared to what BTC has. I suggest to just make the transaction and return after like 24-48 hours later. Hashrate as expected will slowly rise in the future.
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