Bitcoin is too slow - page 2. | Bitcointalksearch.org

CEOKEY

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Quote from: mark coins on June 14, 2016, 11:47:22 AM

Quote from: salmanahmedone on June 14, 2016, 11:45:00 AM

Quote from: RodeoX on June 14, 2016, 10:45:08 AM

Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.

Yes bitcoins transactions are not only faster and Cheaper also. Think of any credit card and see how much taxes it detects o each transaction and so many fees associated with it like maintenance fee, yearly fee etc etc. Bitcoin is the best coin and we do not need any other coin for its replacement.

Exactly and the day I started to use bitcoin, I have never used banks or WU for making money transfers as bitcoin is taking care of it in best possible way.

I think the plodding pace of transactions appears to be due to blocks reaching their upper size limit of 1 megabyte with more frequency, and unconfirmed transactions clogging up the “memory pool,” a distributed database that lives on every computer running bitcoin software.

skyway1

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Quote from: 23dzmaz on July 13, 2016, 12:51:16 AM

Actually i never have an issue about the slow transaction until now. I mean, my transaction always fast, at least got 1 confirmation on 5-10minutes. For me, bitcoin is not slow.

i agree with you , you are right that bitcoin transaction is faster than other currency and i think bitcoin just take 5 or 10 minute for confirmation and i also agree with you that bitcoin is not slow .

Gahs

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Minter

Quote from: illodin on June 14, 2016, 10:35:42 AM

Transactions are too slow. Will someone fix it or do we need a better coin?

You probably have a slow internet connection, I don't think there has ever been a transaction that took up to a day. However as the size of the block chain increases, we might have that, maybe 25 years from now.

Though there are altcoins that take less than 10 minutes but that's because they have a smaller blockchain size.

shinratensei_

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Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

No, the transaction is always instant and maybe the confirmation is getting a delayed but for 10 minutes it's normal nothing have any problem in there. you I sure your means the transaction getting delayed is the confirmation of the transaction.

ice098

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Yah. sometimes confirmation is too slow because the transaction of bitcoin you choose is transaction that has a small fee . it depends on you to how you send your transaction in bitcoin. Because there are option if you want fast you need to choose the high fee, but if you choose the lowest fee you need to wait untill the confirmation is done

mixan

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Quote from: CryingMidget on July 14, 2016, 09:13:39 PM

Quote from: Strongkored on July 14, 2016, 07:29:35 PM

Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

I also conduct transactions with bitcoin and the time it takes about 10-20 minutes. But once upon a time and this is the fastest transaction I've ever done that About a 1 min. I think if you send a transaction from the exchanger will be less time consuming because of the process we have to check on their website first, not as we send from wallet.

If you pay more than the minimum relay fee and a little bit more than the estimated fee for confirmation in 25 blocks then your transaction will get included in a block within an hour or two, almost guaranteed. Free transactions (the ones without a tx fee) still get included provided the priority is very high.

I included a 0.0001btc transaction fee with a 0.0069btc send. This I could not modify, it was set amount by the wallet that I use.
Is that enough for it to be confirmed hopefully in the 2 hour time frame of 1st confirmation?

CryingMidget

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Quote from: Strongkored on July 14, 2016, 07:29:35 PM

Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

I also conduct transactions with bitcoin and the time it takes about 10-20 minutes. But once upon a time and this is the fastest transaction I've ever done that About a 1 min. I think if you send a transaction from the exchanger will be less time consuming because of the process we have to check on their website first, not as we send from wallet.

If you pay more than the minimum relay fee and a little bit more than the estimated fee for confirmation in 25 blocks then your transaction will get included in a block within an hour or two, almost guaranteed. Free transactions (the ones without a tx fee) still get included provided the priority is very high.

mixan

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Quote from: madwica on July 14, 2016, 09:02:50 PM

Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

I think the delay of the transaction is not the problem of bitcoin because it is online there are more confirmation to be approved by the securities/administrator. And i think there is no instant transaction in online.

Tonight it is extremely slow. I sent a payment and it is 1 hour and 15 minutes now waiting for at least 1 confirmation to come in.
Never waited this long for just 1 to show up. Anyone know what the hold up is tonight?

madwica

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Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

I think the delay of the transaction is not the problem of bitcoin because it is online there are more confirmation to be approved by the securities/administrator. And i think there is no instant transaction in online.

Strongkored

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Quote from: Akupuniard on July 14, 2016, 05:20:43 PM

I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

I also conduct transactions with bitcoin and the time it takes about 10-20 minutes. But once upon a time and this is the fastest transaction I've ever done that About a 1 min. I think if you send a transaction from the exchanger will be less time consuming because of the process we have to check on their website first, not as we send from wallet.

Akupuniard

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I don't think slow, my transaction delay is around 2 mins and it's not a problem for me and for my friends for example, but i know that many people have delay around 10 mins and it's not so fair.

hermanhs09

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Quote from: Superbitzz on July 14, 2016, 04:16:21 PM

Quote from: topiOleg on July 14, 2016, 03:46:28 PM

Quote from: AdolfinWolf on July 14, 2016, 08:14:45 AM

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

There are many faster altcoins and you can create another one yourselves. I dont think it is worth investing in any altcoin, these are pump and dump coins to take advantage of these newbies investing in altcoins in a hope to get rich. Basically if you have no use for a coin, it is not worth buying it.

i think from the slow here the statement mean that the transaction process or the exchange of currency take a lot of time. and that is a fact there is no doubt about this because bitcoin transaction and conformation take a lot of time.

Mining gets less and less profitable every halving,and there are more and more people using bitocoin every day.
That is what probably causes the confirmations to go so slow,i dont think we can change this except buying huge mine by ourselves Grin

mobilestrike

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Quote from: zodin on July 13, 2016, 03:23:56 PM

Quote from: btcking101 on July 13, 2016, 05:19:02 AM

Quote from: TastyChillySauce00 on July 13, 2016, 02:48:06 AM

Quote from: Xester on July 12, 2016, 10:43:34 PM

Quote from: illodin on June 14, 2016, 10:35:42 AM

Transactions are too slow. Will someone fix it or do we need a better coin?

Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

It never happened with me that a transaction was rejected and sends came back to me even if i have not paid the recommended fee.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected

yes most of the time the conformation is not rejecting. but some time it create problems. some times it need so much time to conform the transaction. and you will wait for that. that is the only problem other wise the transaction never rejected.

The transaction of bitcoins becomes irreversible and so unable to reject, no matter how long time will take to get the first confirmation, once you click and confirm the send button from your wallet, so we cannot call for a transaction as rejected

Superbitzz

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Quote from: topiOleg on July 14, 2016, 03:46:28 PM

Quote from: AdolfinWolf on July 14, 2016, 08:14:45 AM

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

There are many faster altcoins and you can create another one yourselves. I dont think it is worth investing in any altcoin, these are pump and dump coins to take advantage of these newbies investing in altcoins in a hope to get rich. Basically if you have no use for a coin, it is not worth buying it.

i think from the slow here the statement mean that the transaction process or the exchange of currency take a lot of time. and that is a fact there is no doubt about this because bitcoin transaction and conformation take a lot of time.

topiOleg

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Quote from: AdolfinWolf on July 14, 2016, 08:14:45 AM

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

There are many faster altcoins and you can create another one yourselves. I dont think it is worth investing in any altcoin, these are pump and dump coins to take advantage of these newbies investing in altcoins in a hope to get rich. Basically if you have no use for a coin, it is not worth buying it.

trickshot22

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Quote from: Conus on July 12, 2016, 09:46:00 PM

Quote from: romero121 on July 12, 2016, 09:37:21 PM

Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.

I have to agree with this statement. Even know the confirmations are a little on the slow end sometimes, there is always a confirmation that the transaction is underway. Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.

of course the confirmations are really slow, especially if you need to wait for a few of them, it sometimes really pisses me off though at least it is really reliable and safe

neochiny

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Crypto.games

Quote from: beastmodeBiscuitGravy on July 14, 2016, 02:31:54 PM

All lies. Bitcoin has no competition.

Besides, you aren't supposed to use BTC for transactions, it's for hodling. Soon, it will absorb all the world's wealth and make us very rich.

Tl;dr: Quit yer bitchen.

What?? what do think will happen if bitcoin users will just hold their coins? do you think the price will just keep
rising? wake up!!! bitcoin will collapse without circulation without transactions. bitcoin is made to be used and not to
be held and just wait for the price to increase.

beastmodeBiscuitGravy

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All lies. Bitcoin has no competition.

Besides, you aren't supposed to use BTC for transactions, it's for hodling. Soon, it will absorb all the world's wealth and make us very rich.

Tl;dr: Quit yer bitchen.

EastSound

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Quote from: hermanhs09 on July 14, 2016, 02:04:36 PM

Quote from: EastSound on July 14, 2016, 02:02:52 PM

Quote from: AdolfinWolf on July 14, 2016, 08:14:45 AM

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

The Ethereum is very fast. The block time is around 14 seconds. So you almost get instant confirmation.

I think it is because actually,ethereum is pretty large of course,but not large as bitcoin.
i guess there are many big mines on ethereum but probably the transaction amount is greatly smaller than on bitcoin.

That is right. There are fewer transactions on the Etherum network. But there is no block size limit there.

hermanhs09

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Quote from: EastSound on July 14, 2016, 02:02:52 PM

Quote from: AdolfinWolf on July 14, 2016, 08:14:45 AM

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

The Ethereum is very fast. The block time is around 14 seconds. So you almost get instant confirmation.

I think it is because actually,ethereum is pretty large of course,but not large as bitcoin.
i guess there are many big mines on ethereum but probably the transaction amount is greatly smaller than on bitcoin.

Topic: Bitcoin is too slow - page 2. (Read 8976 times)