Topic: Bitcoin Punishment =&gt; 8 Hour&#039;s To transfer coin from Blockchain... (Read 2054 times)

Quote from: Silberman on April 29, 2017, 06:02:04 PM

I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

Someone who I was talking to about this very subject has been having this same question asked to himself for the past 2 years.
But it has never been answered.
And I believe it never will be.
Until a new way is developed to speed up the transfers on all transactions being sent.
Or to eliminate the root cause of all these spam attacks on the blockchain without having to incur higher fees to all who use it.
That in it's self will never resolve this common issue to do with a very good system to begin with.

bartolo

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Quote from: Hydrogen on April 29, 2017, 01:31:28 PM

If 8 hours is too slow.

There are wire transfers which can take 24-48 hours.

Paypal enjoys banning accounts that have more than $200 in them & robbing people.

Wink

8 hours is not really a lot I remember sending a transaction that took almost 36 hours to confirm, I will not lie I was worried but I knew it will eventually get through and get confirmed, fortunately for me it was not a transaction that needed fast confirmation.

Time ago, more than a year if I remember correctly, when the bitcoin network didn´t suffer these delays and there weren´t so many problems like now, I sent a transaction from Coinbase that was like two or three days without confirming until finally it was rejected and the funds returned to the Coinbase account back. Luckily I had already contacted Coinbase support on time and they were tracking the transaction so they credited my account with no problems.

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Quote from: Hydrogen on April 29, 2017, 01:31:28 PM

I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

And pay the fees of the Bitcoin network.

Silberman

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If 8 hours is too slow.

There are wire transfers which can take 24-48 hours.

Paypal enjoys banning accounts that have more than $200 in them & robbing people.

Wink

8 hours is not really a lot I remember sending a transaction that took almost 36 hours to confirm, I will not lie I was worried but I knew it will eventually get through and get confirmed, fortunately for me it was not a transaction that needed fast confirmation.

Hydrogen

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If 8 hours is too slow.

There are wire transfers which can take 24-48 hours.

Paypal enjoys banning accounts that have more than $200 in them & robbing people.

Wink

bartolo

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Quote from: BitcoinHodler on April 29, 2017, 07:13:00 AM

Quote from: BitcSeo on April 29, 2017, 07:06:15 AM

Thanks but, i'm used to blockchain.info

ViaBTC is just a miner, having some real hashpower mining blocks. this miner offers a free feature to users who have their transactions stuck. if your transaction has a low fee, you just go here: https://www.viabtc.com/tools/txaccelerator/ and copy paste the tranasctions hash (yours was 76e8ba....) and fill the captcha and click submit. then this miner (viabtc) will include your transaction in the next block they mine.

so in other words it doesn't matter what wallet you used.

It should be noted that to send the transaction to Viabtc, the transaction must include a minimum of 0.0001BTC / KB fee to be accepted, then there needs to be space so that it can be included in the next block mined by them. And in case of being accepted, wait.

LFC_Bitcoin

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I've experienced similar before, it's frustrating AF. You just need to be patient though & it should confirm.
Also don't send a low fee again, that's usually the main reason for severely delayed confirmations.

PremiumCodeX

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0.0018 BTC fee. That is what I use nowadays and since I am doing so my transactions were always proceeded under minutes. For me, this fee is not an issue, but compared to the old fee, it is really "higher than usual". So, you could try to optimize your number of transactions and use this or larger fee!

Daniel91

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Quote from: BitcSeo on April 29, 2017, 07:06:15 AM

I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

8 hours!?
Not bad, if you ask me.
Before I never had problem with bitcoin transactions.
Each time i received funds in a few hours.
Recently, I had to wait more than 24 hours in order to receive my funds.
So, I learned my lesson and next time increased fee, and received funds again very fast, in a few hours.
So, if you are in hurry, just offer more money for fees and problem solved

BitcoinHodler

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Thanks but, i'm used to blockchain.info

ViaBTC is just a miner, having some real hashpower mining blocks. this miner offers a free feature to users who have their transactions stuck. if your transaction has a low fee, you just go here: https://www.viabtc.com/tools/txaccelerator/ and copy paste the tranasctions hash (yours was 76e8ba....) and fill the captcha and click submit. then this miner (viabtc) will include your transaction in the next block they mine.

so in other words it doesn't matter what wallet you used.

BitcSeo

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Quote from: mocacinno on April 28, 2017, 07:32:42 AM

120 sat/byte will also allow you to use viabtc's txaccelerator (link to the tool can be found by following the link i posted at the top of this post)

Quote from: BitcoinHodler on April 28, 2017, 07:37:13 AM

4. use viabtc acceleration tool Wink

if you listened then your transaction would have been confirmed within 20 minutes upto 1 hour in worst case scenario!
[/quote]

Thanks but, i'm used to blockchain.info

BitcoinHodler

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Quote from: BitcSeo on April 29, 2017, 06:54:45 AM

Halulujah, the coin got into my localbitcoin wallet today. so it took a whole day before coin get into my wallet just like normally bank-bank transfer ( appro. 1-2 biz day)

ARRIVEDERCI Bitcoin

don't get why you are saying goodbyte to bitcoin but glad to hear your problem is solved.

but i don't get why you were resisting help Cheesy

Quote from: mocacinno on April 28, 2017, 07:32:42 AM

120 sat/byte will also allow you to use viabtc's txaccelerator (link to the tool can be found by following the link i posted at the top of this post)

Quote from: BitcoinHodler on April 28, 2017, 07:37:13 AM

4. use viabtc acceleration tool Wink

if you listened then your transaction would have been confirmed within 20 minutes upto 1 hour in worst case scenario!

BitcSeo

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Halulujah, the coin got into my localbitcoin wallet today. so it took a whole day before coin get into my wallet just like normally bank-bank transfer ( appro. 1-2 biz day)

ARRIVEDERCI Bitcoin

KennyR

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I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

I too have experienced the same. To be true you might have used the low transaction fee which is the reason for the delayed confirmation. Or else your transaction might have got under the spam attack network which takes time to function as other networks.

mmo_online_1981

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I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

At the present time, the number of large transactions, small transactions with small fees will be long confirmed. Need to change the code of the BTC or I do not know.

Roger Burton

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I never was a fan of blockchain, so am not surprise that this is happening. For me it's very complicate and hard to use. I would recommend you to change wallet, and safe some time of your life.

szpalata

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Quote from: BitcSeo on April 28, 2017, 07:49:53 AM

I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

I understand and share your sentiments but you have to be patient and keep faith with Bitcoin, I'll say it's part of the struggle for independence and so there will be light at the end of the tunnel for sure. It's difficult at the moment but there's hope and improvements will ensue eventually.

DannyHamilton

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- snip -
i have always use the default fee suggestion when sending bitcoin
- snip -

I assume you are using a blockchain.info wallet?

Blockchain.info has a reputation for doing a very poor job of calculating the appropriate fee for fast confirmation. I suggest you stop using blockchain.info and find a better wallet. Consider using one of the Mobile, Desktop, Hardware, or Web wallets at the following link:

https://bitcoin.org/en/choose-your-wallet

iamTom123

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This is at the cor of the problem which the Bitcoin community is debating right as to the right and acceptable solution to satisfy the majority of stakeholders. Of course, this is leading to increase in fees as we have to shoulder the cost of the transfer...the bigger your fees the more you are prioritize by the miners...as it looks like an auction style. Anyway, am hoping and confident that soon the problem can be given its correct solutions. Good thing that the value of Bitcoin is now ignoring this problem.

Sniper44

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Quote from: Kprawn on April 28, 2017, 10:32:41 AM

Would you care sharing the information on what wallet service you used, so that we can collectively try to address this? Some of these wallet services do not have the option to "configure" your own fee, so you have to contact the wallet provider to inform them of this situation.

people (wrongfully) call blockchain.info wallet as blockchain, or blockchain wallet. and OP said "transfer coin from Blockchain..."
and they DO have an option to manually configure fees. it is the same place right after you make the transaction and are about to send it in a button saying "more" option or something like that.

Ayers

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I wonder what is happening in bitcoin network. 8 hour's to transfer coin from blockchain into localbitcoin wallet.

Currently, this is happening who knows what is going to happen within the next 3-5 year's. Shocked

Thanks

did you used the correct fee? the fee is now very high maybe you used a low one and hopefully in the next years they will fix this will segwit or another solution for handle better capacity

Quote from: BitcSeo on April 28, 2017, 07:49:53 AM

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

as expected you used half of the fee, it's the reason of the delay, people always open topic and complaing about the speed of transaction, but we always discovered that they used incorrect fee

bartolo

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These delays in transactions are a clear message that says that it´s necessary to solve the problem of scalability as soon as possible. One of the great advantages of Bitcoin has always been the speed of transactions, it´s important to maintain this and avoid the frustration of users.

ePesoInitiative

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I just use https://coinb.in/#newTransaction

No headaches

Kprawn

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Quote from: mocacinno on April 28, 2017, 07:32:42 AM

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Here's a full analysis, as well as possible sollutions:
https://www.mocacinno.com/feecheck.php?txid=76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Bottom line: the wallet you used added a fee of ~120 satosi's/byte, while at the time of writing, my wallet would recommand a fee of at least 180 satoshi's/byte if you want a 95% chance of getting a confirmation within 30 minutes. https://bitcoinfees.21.co/ even recommends 220 sat/byte. So, in hindsight, your wallet *should* have added twice the fee it used, but since it your wallet didn't use opt-in RBF to create the transaction, it's to late to change it now.

The good news is that 120 sat/byte is not so low that it's a hopeless situation... https://bitcoinfees.21.co/ estimates the average waiting time for this fee to be <~1440 minutes at the time of writing.
120 sat/byte will also allow you to use viabtc's txaccelerator (link to the tool can be found by following the link i posted at the top of this post)

OK, thank you. i have always use the default fee suggestion when sending bitcoin and in most cases it used to arrive in time.

Would you care sharing the information on what wallet service you used, so that we can collectively try to address this? Some of these wallet

services do not have the option to "configure" your own fee, so you have to contact the wallet provider to inform them of this situation. These

spam attacks are causing fee spikes and the wallet providers are not adjusting fees correctly when this happens and it causes frustration like

this. Angry

unamis76

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Quote from: alyssa85 on April 28, 2017, 07:48:24 AM

I wonder what is happening in bitcoin network.

Nothing. What's happening is lack of scaling. Workarounds are above...

mocacinno

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Quote from: mocacinno on April 28, 2017, 07:32:42 AM

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

It is to do with the age of your input - it was less than a day old.

Bitcoin prioritises according to age. 1btc should be able to be sent 1 day later, at the lowest fee. 0.1btc should be able to be sent 10 days later with the lowest fee. and so on.

If you are sending very young inputs, you need to raise your fee in order to get priority.

Tl:dr always spend your oldest coins and let the newer inputs age.

This was true in the past, but nowadays, only very few miners still reserve space in their blocks for high priority transactions.

BitcSeo

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here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Here's a full analysis, as well as possible sollutions:
https://www.mocacinno.com/feecheck.php?txid=76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Bottom line: the wallet you used added a fee of ~120 satosi's/byte, while at the time of writing, my wallet would recommand a fee of at least 180 satoshi's/byte if you want a 95% chance of getting a confirmation within 30 minutes. https://bitcoinfees.21.co/ even recommends 220 sat/byte. So, in hindsight, your wallet *should* have added twice the fee it used, but since it your wallet didn't use opt-in RBF to create the transaction, it's to late to change it now.

The good news is that 120 sat/byte is not so low that it's a hopeless situation... https://bitcoinfees.21.co/ estimates the average waiting time for this fee to be <~1440 minutes at the time of writing.
120 sat/byte will also allow you to use viabtc's txaccelerator (link to the tool can be found by following the link i posted at the top of this post)

OK, thank you. i have always use the default fee suggestion when sending bitcoin and in most cases it used to arrive in time.

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Quote from: mocacinno on April 28, 2017, 07:32:42 AM

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

It is to do with the age of your input - it was less than a day old.

Bitcoin prioritises according to age. 1btc should be able to be sent 1 day later, at the lowest fee. 0.1btc should be able to be sent 10 days later with the lowest fee. and so on.

If you are sending very young inputs, you need to raise your fee in order to get priority.

Tl:dr always spend your oldest coins and let the newer inputs age.

BitcoinHodler

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This is more like "not educating yourself => punishment".
1. your fee is low. check out https://bitcoinfees.21.co/ or use a proper wallet that does proper fee suggestions. i suggest bitcoin core or electrum. i have checked them both and they give very good fee suggestions.

2. from 2017-04-28 09:48:25 (when you broadcast your tx) to 2017-04-28 12:30 (now) is not 8 hours or 82 hours as in your second comment. although this is debatable.

3. learn about RBF and how to use it. again electrum offers pretty easy usage of it in case of this when your fee is not high enough.

4. use viabtc acceleration tool Wink

5. also a good idea to take a look at this topic when you had more time: https://bitcointalksearch.org/topic/all-about-stuck-transactions-and-what-you-can-do-to-fix-them-1802212

Nagadota

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here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Here's a full analysis, as well as possible sollutions:
https://www.mocacinno.com/feecheck.php?txid=76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Bottom line: the wallet you used added a fee of ~120 satosi's/byte, while at the time of writing, my wallet would recommand a fee of at least 180 satoshi's/byte if you want a 95% chance of getting a confirmation within 30 minutes.

The Blockchain wallet sets fees of 120 satoshi/byte by default. Their "fee estimation" is just finding out what the transaction size will be and setting the fees to 120 satoshi per byte.

With the network having been very congested you're unlikely to get a transaction confirmed for a long time using Blockchain's terrible fee and timing estimation. They have no idea how long your transaction will take to confirm, either.

Your best bet is to check the fees on bitcoinfees.21.co and try and set your fees relative to the 120 satoshi per byte set by the Blockchain wallet.

mocacinno

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Quote from: BitcSeo on April 28, 2017, 07:26:23 AM

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Here's a full analysis, as well as possible sollutions:
https://www.mocacinno.com/feecheck.php?txid=76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

Bottom line: the wallet you used added a fee of ~120 satosi's/byte, while at the time of writing, my wallet would recommand a fee of at least 180 satoshi's/byte if you want a 95% chance of getting a confirmation within 30 minutes. https://bitcoinfees.21.co/ even recommends 220 sat/byte. So, in hindsight, your wallet *should* have added twice the fee it used, but since it your wallet didn't use opt-in RBF to create the transaction, it's to late to change it now.

The good news is that 120 sat/byte is not so low that it's a hopeless situation... https://bitcoinfees.21.co/ estimates the average waiting time for this fee to be <~1440 minutes at the time of writing.
120 sat/byte will also allow you to use viabtc's txaccelerator (link to the tool can be found by following the link i posted at the top of this post)

BitcSeo

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Quote from: mocacinno on April 28, 2017, 07:23:07 AM

Quote from: BitcSeo on April 28, 2017, 07:20:53 AM

Quote from: mocacinno on April 28, 2017, 07:23:07 AM

It's "digital gold", what do you expect ? Have faith in it, say your prayer, and maybe chinese cartel decides to agree on a development path. Or you can simply stop using it.

Right now it has increase to 82 hour's. I know this may sound unbelieveable but, it the truth. Shocked

Can someone here explain to me what is happening?

Thanks

If you post your txid, i'll have a look...

ok, i will get back to you in few minutes

here is it : https://blockchain.info/tx/76e8ba354b6ad26a6af7124a0f3f66a66708865953db6634b4d018e279463301

BitcSeo

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Quote from: BitcSeo on April 28, 2017, 07:20:53 AM

Quote from: BitcSeo on April 28, 2017, 07:20:53 AM

It's "digital gold", what do you expect ? Have faith in it, say your prayer, and maybe chinese cartel decides to agree on a development path. Or you can simply stop using it.

Right now it has increase to 82 hour's. I know this may sound unbelieveable but, it the truth. Shocked

Can someone here explain to me what is happening?

Thanks

If you post your txid, i'll have a look...

ok, i will get back to you in few minutes

mocacinno

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It's "digital gold", what do you expect ? Have faith in it, say your prayer, and maybe chinese cartel decides to agree on a development path. Or you can simply stop using it.

Right now it has increase to 82 hour's. I know this may sound unbelieveable but, it the truth. Shocked

Can someone here explain to me what is happening?

Thanks

If you post your txid, i'll have a look...

BitcSeo

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Activity: 1058

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It's "digital gold", what do you expect ? Have faith in it, say your prayer, and maybe chinese cartel decides to agree on a development path. Or you can simply stop using it.

Right now it has increase to 82 hour's. I know this may sound unbelieveable but, it the truth. Shocked

Can someone here explain to me what is happening?

Thanks

mocacinno

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