Topic: Bitcoin is too slow - page 5. (Read 8953 times)

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

Alright...
i have changed my mind,these confirmations are taking really,really long.
I have been waiting today 5 hours to get 0,035 confirmed,you call that fast? hell no

Sponsoredby15

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Quote from: bitdoger on July 11, 2016, 09:34:51 AM

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

what dou you mean slow ? the transaction is fast or its only just your internet connection so that you can't see it or because you didn't pay enough transaction fee pay the fee or sometimes it takes 3-6 confirmation because its totaly credited on your account and I don't understand why people keep on complaining about it. Huh

GregH37

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

And some time the transaction fee also effect the transaction. when you add low fee for transferring a lot of bitcoin. then the transaction will surely stick for long time. and even some time it never confirm and again the funds reverse to sender's wallet.

bitdoger

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

lucsky

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Quote from: KingdomHearts on July 11, 2016, 04:59:56 AM

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

Yes, the time it takes for the network to confirm securely that the transfer took place takes a lot, compared to other forms of money transfer, such as credit card.

However, the trust that the Bitcoin Blockchain conveys is a very positive point, not to mention that the fees charged by Blockchain to effect the transaction do not compare those charged by credit card companies.

If you are looking for fast transactions, but which are still in beta, there are Altcoins that focus on speed of transactions, such as Vcash (XVC), which has the zerotime technology.

goinmerry

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I think we are just used from the past that is going fast. The ledger is getting longer. Actually it is still faster than any money transfer company. I would still prefer bitcoin.

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i do not think that bitcoin transaction is too slow , because i also use bitcoin and i do not face to any problem in bitcoin like slow transaction etc . bitcoin transaction is too faster and bitcoin is very much better then other currency .

Transactions are not slow but the thing is that first you have to search a honest person who will exchange your bitcoins into dollars or other currencies than you will send your bitcoins to that person and than he will give back to you your amount, this procedure can take a time Isn't it?

KingdomHearts

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i do not think that bitcoin transaction is too slow , because i also use bitcoin and i do not face to any problem in bitcoin like slow transaction etc . bitcoin transaction is too faster and bitcoin is very much better then other currency .

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Quote from: Superways on July 09, 2016, 07:06:30 AM

Quote from: langedwig on July 08, 2016, 01:00:03 PM

Quote from: langedwig on July 08, 2016, 01:00:03 PM

how you can say that bitcoin transaction is too slow Huh

i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .

But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

Too slow in what? I have not come across anything like with BTC. The transaction is too fast. Even when you exchange the btc to your currency, it is really fast. It depends on the traders reply. I have experienced no issues on this. Very quick, safe and secured.

Yeah, I am also noticing that the transactions of bitcoin are faster enough, with bitcoin I can send and receive any amount of money only within a few minutes while if we look at other transaction systems like western union and banks then there a lot of problems at there and the time of transactions take days.

Can you usually get confirmation in the first few minutes after you send the money? I do not have such experience.

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Quote from: StarofBTC on July 09, 2016, 06:38:49 AM

how you can say that bitcoin transaction is too slow Huh

i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .

But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

Too slow in what? I have not come across anything like with BTC. The transaction is too fast. Even when you exchange the btc to your currency, it is really fast. It depends on the traders reply. I have experienced no issues on this. Very quick, safe and secured.

Yeah, I am also noticing that the transactions of bitcoin are faster enough, with bitcoin I can send and receive any amount of money only within a few minutes while if we look at other transaction systems like western union and banks then there a lot of problems at there and the time of transactions take days.

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how you can say that bitcoin transaction is too slow Huh

i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .

But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

Transaction can be too slow or delaying when you add low transaction fee. if you add valid fee for valid amount of bitcoin transaction then the transaction will done fast enough. I think OP just faced that issue thats why he is telling bitcoin is very slow. otherwise bitcoin is faster then any other payment system.

even you fulfill the minimum recommended fees, there's still possibilities for the transaction to got a delay,when bottleneck happening,too many transaction need to be confirmed when the block only max 1mb it'll result slow transaction

StarofBTC

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Quote from: EastSound on July 09, 2016, 06:15:44 AM

how you can say that bitcoin transaction is too slow Huh

i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .

But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

Transaction can be too slow or delaying when you add low transaction fee. if you add valid fee for valid amount of bitcoin transaction then the transaction will done fast enough. I think OP just faced that issue thats why he is telling bitcoin is very slow. otherwise bitcoin is faster then any other payment system.

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Quote from: Jeremycoin on July 08, 2016, 02:19:12 PM

It's might be slower than other cryptocurrencies, but it's also more safer than others. If faster is more valuable than safer, then you are right about it.

At the current time point of the bitcoin development, we should concentrate on attracting more users and improve their user experience. So slow confirmation is not acceptable.

Well for me, Confirmation is not that slow. I usually got 3 confirmations in just half an hour. I dont know why you are experiencing that delay in your transaction. And we cant deny the fact that sometimes, confirmations are slow. My slowest transaction took about 12 hrs before 1 confirmation. That was when blockchain was upgrading. But so far now its fast.

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Quote from: Jeremycoin on July 08, 2016, 02:19:12 PM

It's might be slower than other cryptocurrencies, but it's also more safer than others. If faster is more valuable than safer, then you are right about it.

At the current time point of the bitcoin development, we should concentrate on attracting more users and improve their user experience. So slow confirmation is not acceptable.

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It's might be slower than other cryptocurrencies, but it's also more safer than others. If faster is more valuable than safer, then you are right about it.

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Quote from: marcuslong on July 08, 2016, 05:16:13 AM

how you can say that bitcoin transaction is too slow Huh

i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .

But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

Too slow in what? I have not come across anything like with BTC. The transaction is too fast. Even when you exchange the btc to your currency, it is really fast. It depends on the traders reply. I have experienced no issues on this. Very quick, safe and secured.

hermanhs09

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

Hi, illodin, what do you mean transactions are too slow? Well I think it depends on the amount that you sent and how long did it take by the way before your transactions were processed. Usually it only took 2 minutes to 30 minutes before my transactions were processed but sometimes it will took 6 hours or more if it has a problem or the transaction was not found and I have no idea why it happens sometimes. I dont know if it is because of the wallet i am using or because of Blockchain.

It does not depend's on amount you have sent sometimes
sometime ago i have send about 0.003 and i was waiting for it around 12 hours,and tell me how it is
possible to wait so long,for such an small amount to be confirmed? it is just annoying,luckily it is fast now.

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