Bitcoin network jammed? - page 2. | Bitcointalksearch.org

r111

newbie

Activity: 28

Merit: 2

Quote from: 1Referee on December 04, 2018, 08:24:29 AM

This is what I hate in the bitcoin network, I did help someone buy bitcoin yesterday from a local vendor, even though the transaction was okay, it was over delayed and the buyer loss control over the trade. Something must be done to making faster, otherwise, in the coming days, this is going to pose problem.

It sounds more like the person you helped buying Bitcoin wasn't well informed, which was your job to begin with if you acted as a guide. Don't blame Bitcoin's network for that.

If it concerns a trade (which generally is considered a priority transaction), include an above average fee to make sure it's almost "guaranteed" to be put in the next block. I do so too and it works like a charm. 9 out of 10 transactions that I send are included in the next block.

Something must be done to inform people on how to use a decentralized ledger, because it works perfect for me.

I have created a paper purse, also create an account in blockchain.info

Now I want to buy a bitcoin in person localbitcoin.com and tell that person that I sent it to my paper Wallet

How could I use the accounting book to make sure I made this transaction correctly

1Referee

legendary

Activity: 2170

Merit: 1427

Quote from: ?? on ??

This is what I hate in the bitcoin network, I did help someone buy bitcoin yesterday from a local vendor, even though the transaction was okay, it was over delayed and the buyer loss control over the trade. Something must be done to making faster, otherwise, in the coming days, this is going to pose problem.

It sounds more like the person you helped buying Bitcoin wasn't well informed, which was your job to begin with if you acted as a guide. Don't blame Bitcoin's network for that.

If it concerns a trade (which generally is considered a priority transaction), include an above average fee to make sure it's almost "guaranteed" to be put in the next block. I do so too and it works like a charm. 9 out of 10 transactions that I send are included in the next block.

Something must be done to inform people on how to use a decentralized ledger, because it works perfect for me.

novikov433

full member

Activity: 560

Merit: 102

I also had it, I wrote that now in the priority of the transaction for large sums, so please wait

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: franky1 on December 03, 2018, 08:47:09 PM

the only thing bad about bitcoin is the lack of development. the developers want people to think bitcoin is bad because they have $$millions involved in promoting other networks

Who is promoting other networks?

Quote from: franky1 on December 03, 2018, 08:47:09 PM

bitcoin lost its fee priority mechanism 4 years ago due to developers. and developers should have put in a new fe priority that does a better job. they didnt.

The fee priority mechanism was just node policy. As I recall, miners had mostly all removed it from their nodes so it was eventually removed from the reference client. Developers aren't really in a position to force new fee policies on miners.

bitcoinfuck

full member

Activity: 634

Merit: 106

Europe Belongs To Christians

Quote from: franky1 on December 03, 2018, 08:47:09 PM

Quote from: coinycoiny on December 03, 2018, 07:26:12 PM

Please don't use bitcoin to send money somewhere if you want it to go through quickly. It's meant to be a store of value not a currency.

^
look how low and bottom of the barrel things get, where people make loads of new accounts to try telling people not to use bitcoin

in this topic alone i think i have spotted 3 posts made by 1 person using 3 different accounts.
and separately a bunch of new accounts that think they know best. trying to tell people that bitcoin is bad

the only thing bad about bitcoin is the lack of development. the developers want people to think bitcoin is bad because they have $$millions involved in promoting other networks

bitcoin lost its fee priority mechanism 4 years ago due to developers. and developers should have put in a new fe priority that does a better job. they didnt.

having 20k tx's in mempool all using the same suggested low fee's simply because of badly coded fee 'estimate' is like having a 2000 seat airplane where the airport had a bad seat booking system that has 20k passangers all paying economy seat prices. thus the captains dont know who deserves the seats the most.

bitcoin blockchain is not broke. but the node software that aids users to choose a fee needs sorting

yes lotsof these post are made by new accounts only, maybe people find a trouble and then findout about bitcointalk and then account, but the way newbie accounts being expert on bitcoin is extremely suspicious

franky1

legendary

Activity: 4424

Merit: 4794

Quote from: coinycoiny on December 03, 2018, 07:26:12 PM

Please don't use bitcoin to send money somewhere if you want it to go through quickly. It's meant to be a store of value not a currency.

^
look how low and bottom of the barrel things get, where people make loads of new accounts to try telling people not to use bitcoin

in this topic alone i think i have spotted 3 posts made by 1 person using 3 different accounts.
and separately a bunch of new accounts that think they know best. trying to tell people that bitcoin is bad

the only thing bad about bitcoin is the lack of development. the developers want people to think bitcoin is bad because they have $$millions involved in promoting other networks

bitcoin lost its fee priority mechanism 4 years ago due to developers. and developers should have put in a new fe priority that does a better job. they didnt.

having 20k tx's in mempool all using the same suggested low fee's simply because of badly coded fee 'estimate' is like having a 2000 seat airplane where the airport had a bad seat booking system that has 20k passangers all paying economy seat prices. thus the captains dont know who deserves the seats the most.

bitcoin blockchain is not broke. but the node software that aids users to choose a fee needs sorting

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

If your Bitcoin transaction is still not confirmed use the replace by fee feature .If your wallet doesn't have that feature better switch to a different wallet so you don't have to wait for hours.

Quote from: coinycoiny on December 03, 2018, 07:26:12 PM

Please don't use bitcoin to send money somewhere if you want it to go through quickly. It's meant to be a store of value not a currency.

Why not? There's nothing wrong in using Bitcoin as a currency. What if the receiver only accepts Bitcoin ?

coinycoiny

member

Activity: 273

Merit: 18

Quote from: Perunex on December 03, 2018, 10:59:57 AM

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

Please don't use bitcoin to send money somewhere if you want it to go through quickly. It's meant to be a store of value not a currency.

franky1

legendary

Activity: 4424

Merit: 4794

35 blocks processes in 6 hours

expectant is 6 blocks an hour.. so id say blocks are being solved roughly on time. so no reason to blame the blockchain
though it does seem many blocks are 100% full

mempool tx count did see low mempool of under 5k tx yesterday, then sudden 15k-20k tx count today. so seems a bit of spam/extra tx to contend against. so anyone making low fee transactions usually dont get priority
https://www.blockchain.com/charts/mempool-count?timespan=1week

though this amount of mempool is not considered huge (january 2018 had mempool of awaiting transactions at 200k)

sunsilk

hero member

Activity: 3038

Merit: 634

How much you paid for the fee? Looking on how many unconfirmed transactions are there, I guess this is just an average number - 16,500 unconfirmed transactions. Usually I see 3k TX's as the normal number.

https://www.blockchain.com/btc/unconfirmed-transactions

Can you show your TXID?

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: Zin-Zang on December 03, 2018, 01:55:11 PM

Quote from: Msile on December 03, 2018, 01:47:16 PM

There can be several factors, maybe you sent a low commission and that's why it's taking so long,

The Main Factor is btc sucks, and using litecoin or dogecoin or any alt would have been there much faster.

Cool

This must be the reason why litecoin and dogecoin are worth so much less and have such a small trading volume. Because they're much better and BTC sucks. LOL

Quote from: Perunex on December 03, 2018, 10:59:57 AM

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

It's not jammed. You need to pay 40 sat/byte. If you pay 10 or less you can expect big delays.
https://bitcoinfees.earn.com/

squatter

legendary

Activity: 1666

Merit: 1196

STOP SNITCHIN'

Quote from: Perunex on December 03, 2018, 10:59:57 AM

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

It's just a period of congestion. At the moment, you need to pay 10-15 satoshis/byte to get confirmed in the next block.

Congestion has also been exacerbated lately by drops in hash rate. Before the difficulty adjustment earlier today, blocks were being generated only once every 11-12 minutes. Less blocks = less confirmed transactions. There was a difficulty adjustment today which normalized block times, but hash rate has dropped again so blocks are only being generated once every 10.6 minutes instead of every 10 minutes.

Zin-Zang

member

Activity: 364

Merit: 13

Killing Lightning Network with a 51% Ignore attack

Quote from: Msile on December 03, 2018, 01:47:16 PM

There can be several factors, maybe you sent a low commission and that's why it's taking so long,

The Main Factor is btc sucks, and using litecoin or dogecoin or any alt would have been there much faster.

Cool

Msile

hero member

Activity: 658

Merit: 503

There can be several factors, maybe you sent a low commission and that's why it's taking so long, I always try to send the highest in periods like this, is less than 1 dollar and they make the transaction in 10 or 30min, so it's pretty good for me, especially that I'm always in trouble when I'm trading with btc haha.

bitcoinfuck

full member

Activity: 634

Merit: 106

Europe Belongs To Christians

Quote from: freightjoe on December 03, 2018, 11:31:20 AM

Quote from: Perunex on December 03, 2018, 10:59:57 AM

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

Just another example of why we will never see Bitcoin come back - it is far too unstable for real use.

And everytime it is unstable Bitcoin-cult-believers come with the excuse that "xxxxx will be implemented soon and solve all problems and the Bitcoin will go to the moon"

Face it - it is useless for anything except to hide payments in the criminal underworld

take a look, here all done with minimum fees of 1 sat/B

https://www.blockchain.com/btc/address/1V3ncM1s6pDzk8hmTuexvdbkTwTpVN8qZ

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: Oniko on December 03, 2018, 11:37:35 AM

I think you chose too small a commission.

Yes , very many times, this is the problem. Most times when you choose or reduce transaction fee, the processing gets delayed. I do believe patient is what you need.

Oniko

member

Activity: 322

Merit: 11

Send the transaction hash so that I can see what the problem is.

Which unit got a transaction and which pool processes it?

I think you chose too small a commission.

freightjoe

full member

Activity: 238

Merit: 109

Quote from: Perunex on December 03, 2018, 10:59:57 AM

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

Just another example of why we will never see Bitcoin come back - it is far too unstable for real use.

And everytime it is unstable Bitcoin-cult-believers come with the excuse that "xxxxx will be implemented soon and solve all problems and the Bitcoin will go to the moon"

Face it - it is useless for anything except to hide payments in the criminal underworld

Perunex

full member

Activity: 546

Merit: 111

FABA-BREAK THROUGH IN VENTURE CAPITAL MARKET

I have executed a transaction with BTC and I am now waiting for 6 hours and still have 0 confirmations.

Is the network jammed again for some reason? Or what is the deal with it?

Topic: Bitcoin network jammed? - page 2. (Read 536 times)