Bitcoin is too slow - page 7. | Bitcointalksearch.org

neochiny

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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?

have you tried paying higher fees for your transactions? i too sometimes have to wait for confirmations but i don't really
complain about it, miners prioritize high paying transaction fees and the cheap ones is the second priority, it wont hurt you
adding more transaction fee to speed up your confirmation and realize that bitcoin transactions are not slow.

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Quote from: hermanhs09 on July 07, 2016, 06:00:53 AM

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?

Unluckily,i have to agree hundred percent with you.

Neither one of you know what you're talking about.

Quote from: hermanhs09 on July 07, 2016, 06:00:53 AM

Last night i've been waiting 3 hours for 1 confirmation,and now im waiting about 2 hours,for 1 confirmation too. It is probably because too many ppl transfering,or rather that mining gets less profitable. I hope it will get fixed,i need faster transactions!

Stop posting bullshit and learn how to use Bitcoin properly. You don't even know the difference between transaction and confirmation times. In addition to that, your reasoning is horribly wrong. The primary reason for which your transactions (which are near-instant) do not get confirmed within the next block is because you're being cheap with the fees.

Quote from: outatime1 on July 07, 2016, 06:06:29 AM

It seem pretty fast to me, usually around 15 to 20 minutes for confirmations.

Transaction times are near-instant, confirmation times are 10 minutes on average (your 15-20 minutes is normal). Anyone who posts here without knowing the difference is either very ignorant or a signature spammer (false complaints just to boost post count up).

outatime1

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It seem pretty fast to me, usually around 15 to 20 minutes for confirmations. Maybe there is a coin that would be better, but I don't think bitcoin is going anywhere.

hermanhs09

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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?

Unluckily,i have to agree hundred percent with you.
Last night i've been waiting 3 hours for 1 confirmation,and now im waiting about 2 hours,for 1 confirmation too.
It is probably because too many ppl transfering,or rather that mining gets less profitable.
I hope it will get fixed,i need faster transactions!

Maesters1-

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Quote from: EastSound on July 04, 2016, 08:11:09 AM

Quote from: densuj on July 02, 2016, 03:52:33 AM

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?

Usualy transaction are too slow if price of bitcoin going down or up because there are many people who send bitcoin between markets or if fees for transaction are too low.

At this stage of the bitcoin development, it should concentrating attracting more people, so the fee should be lower.

yes it is a fact but it is not its nature. and specially when halving is approaching. now i am warring about the present condition of the bitcoin. although it is good if bitocin can maintain itself stable like the present position but usually in present condition the bitocin price should be boost up for all time high price.

JesusHadAegis

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Quote from: Supercrypt on July 07, 2016, 01:59:11 AM

Quote from: RealBitcoin on July 05, 2016, 08:23:35 AM

Spoiled brats, go complain to your bank that takes 4 days for a transaction to settle.

Isnt the 10 minute confirm time enough for ya?

I don't know about a bank that takes 4 days to settle a transaction but I do know that money transfers takes somewhere along half a day. And comparing that to bitcoins, it's definitely a lot better.
Some people just do not know how to pay the profer tx fees that's why their confirmations aren't only 10 minutes, rather it takes a lot of time for them.

I think those transaction would depend on you proximity. Example in banks, it would take longer if you are transacting in a different bank from where you made your account. I think the same principle is followed here?. Depends on where you made your transaction.

In my experience the longest time i had to wait is 1 hour. Especially the confirmation. Except for yobit as to it has many tacticalities and updates

Supercrypt

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Quote from: RealBitcoin on July 05, 2016, 08:23:35 AM

Spoiled brats, go complain to your bank that takes 4 days for a transaction to settle.

Isnt the 10 minute confirm time enough for ya?

I don't know about a bank that takes 4 days to settle a transaction but I do know that money transfers takes somewhere along half a day. And comparing that to bitcoins, it's definitely a lot better.
Some people just do not know how to pay the profer tx fees that's why their confirmations aren't only 10 minutes, rather it takes a lot of time for them.

jukka

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Quote from: RealBitcoin on July 05, 2016, 08:23:35 AM

Spoiled brats, go complain to your bank that takes 4 days for a transaction to settle.

Isnt the 10 minute confirm time enough for ya?

yep, international transfers can take very long, but where i live even interbank trasactions are faster than 4 days. yet, not even close to btc!

RealBitcoin

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Spoiled brats, go complain to your bank that takes 4 days for a transaction to settle.

Isnt the 10 minute confirm time enough for ya?

jukka

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i agree that it is too slow to use the same way as i use credit card. but for internatinal money transfers it is extremely fast!

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Quote from: CoinFoxs on July 04, 2016, 09:15:28 AM

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?

Agreed !! Transaction in bitcoin are very slow it takes too much time, If this problem is solved then many people get their money on time and use their money on time where they want to spend.

Although bitcoin transaction are slow sometimes and it take 6 confirmations to complete, but most merchants online accept the payment on 1 confirmation only.

DashTron

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I had a two hours transaction today from a blockchain.info wallet to poloniex with medium priority and 0.26$ fees.
I consider that as too slow.

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Quote from: hurain on July 04, 2016, 11:27:25 AM

no I don't think so. bitcoin is too fact, infact fast than any other crypto currency.

Bitcoin crypto-currency is not fast dear, it is slow as compared to other currencies.. Transaction on bitcoin takes at least 1-2 days. First we have to exchange it to other currencies because many countries don't accept bitcoin so it takes time.

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A ew days a go I also tried to transact about 0.14 BTC from my xapo to an exchange, and I was wonder to see that it took about more than 6 hours, I think it is not good for the future of bitcoin, the developers would have to do some better for it and have to secure bitcoin from all the issues like that, with that bitcoin can have chances to become global currency.

FLoving

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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?

yea, we are seeing that the transactions of bitcoin are too much slow but still it is much better then the transaction period taken by banks, we can easily transact our money within a few minutes and it sometimes takes some hours , but you may have noticed that banks take days for transaction your money from one place to another.

DimensionZ

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Shit, did I leave the stove on?

Bitcoin is not slow when used for sending money abroad like remittances or gifts to friends and family. This is the biggest strength of Bitcoin - the very low to non-existent fees. Bitcoin can get a little bit inconvenient when used for daily shopping with small amounts like buying a cup of coffee or a sandwich because most vendors will wait for some confirmations in order to be sure that the transaction will be legitimate and this is where Bitcoin is lacking some speed. But for these situations people could use cash instead and be on their way without waiting.

RastoMan

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Quote from: hurain on July 04, 2016, 11:27:25 AM

no I don't think so. bitcoin is too fact, infact fast than any other crypto currency.

Do you think the bitcoin confirmation is too fast? It is 10 mins. It is slower than most other currencies, for example, Ethereum.

randy8777

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Quote from: hurain on July 04, 2016, 11:27:25 AM

no I don't think so. bitcoin is too fact, infact fast than any other crypto currency.

well, there are indeed faster digital currencies in terms of confirmations. so in that aspect bitcoin isn't the fastest crypto currency. or are you talking about something else?

hurain

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no I don't think so. bitcoin is too fact, infact fast than any other crypto currency.

crairezx20

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For now i satisfied what speed of transaction of bitcoin even it takes 10 minutes or more but last month i experience of delay it takes day before i receive my bitcoin in my wallet and i think thats why its too long to receive because the sender is paying below the default fee..
And i hope they fix it that even low fee they can confirm it fast..

Topic: Bitcoin is too slow - page 7. (Read 8953 times)