bitcoin transactions - Slow OR Fast | Bitcointalksearch.org

Gameroid

hero member

Activity: 798

Merit: 501

Quote from: sportis on January 15, 2017, 06:51:05 PM

Quote from: delliaerd on January 14, 2017, 06:17:13 PM

Quote from: Daniel91 on January 14, 2017, 04:37:38 PM

Quote from: btcnastia on January 14, 2017, 03:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

Oh is that true? Sorry I can't believe something like that. I would like to see your transaction id (txid). So I can see the transaction fees. If you send very low fees the most usual case is that after 72 hours coins would be back in your wallet. Last months blocks are almost full so if you don't pay the fees unhappy miners they will not put your transaction into their blocks and you will not spend your coins or you will wait if you are lucky for hours.

Quote

Probably that because the traffic is really high. I am sure that will be fixed soon. Japan will realease 5g internet technology, probably it will help bitcoin transaction faster. Also I am sure that there are some developer who advance the hash rate of bitcoin to be faster.
Waiting for 1 - 2 days for bitcoin transaction is so rare, I usualy only wait in less than 15 minute.

There is nothing to do if cellular/mobile network is 3/4/5G. All are fees depended from transaction size and traffic in the network of nodes and some other factors like as whether spend from other outputs and if have already confirmed. That means some times of the day you will pay fewer sat/byte because of the network traffic

yes there are so many reasons of slow transaction of bitcoin, but i think it is necessary to solve that problem because without solving this problem bitcoin image will be effecting more. therefore i think this problem must be solve soon.

shinratensei_

legendary

Activity: 3136

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: sportis on January 15, 2017, 06:51:05 PM

Quote from: delliaerd on January 14, 2017, 06:17:13 PM

Quote from: Daniel91 on January 14, 2017, 04:37:38 PM

Quote from: btcnastia on January 14, 2017, 03:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

Oh is that true? Sorry I can't believe something like that. I would like to see your transaction id (txid). So I can see the transaction fees. If you send very low fees the most usual case is that after 72 hours coins would be back in your wallet. Last months blocks are almost full so if you don't pay the fees unhappy miners they will not put your transaction into their blocks and you will not spend your coins or you will wait if you are lucky for hours.

Quote

Probably that because the traffic is really high. I am sure that will be fixed soon. Japan will realease 5g internet technology, probably it will help bitcoin transaction faster. Also I am sure that there are some developer who advance the hash rate of bitcoin to be faster.
Waiting for 1 - 2 days for bitcoin transaction is so rare, I usualy only wait in less than 15 minute.

There is nothing to do if cellular/mobile network is 3/4/5G. All are fees depended from transaction size and traffic in the network of nodes and some other factors like as whether spend from other outputs and if have already confirmed. That means some times of the day you will pay fewer sat/byte because of the network traffic

The other important thing if the spamming transaction will be deprioritizing your transaction although you were already put the highest fees. but I should be agreed with you for all, the delliaerd's answer is no sense.

sportis

sr. member

Activity: 406

Merit: 252

Veni, Vidi, Vici

Quote from: delliaerd on January 14, 2017, 06:17:13 PM

Quote from: Daniel91 on January 14, 2017, 04:37:38 PM

Quote from: btcnastia on January 14, 2017, 03:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

Oh is that true? Sorry I can't believe something like that. I would like to see your transaction id (txid). So I can see the transaction fees. If you send very low fees the most usual case is that after 72 hours coins would be back in your wallet. Last months blocks are almost full so if you don't pay the fees unhappy miners they will not put your transaction into their blocks and you will not spend your coins or you will wait if you are lucky for hours.

Quote

Probably that because the traffic is really high. I am sure that will be fixed soon. Japan will realease 5g internet technology, probably it will help bitcoin transaction faster. Also I am sure that there are some developer who advance the hash rate of bitcoin to be faster.
Waiting for 1 - 2 days for bitcoin transaction is so rare, I usualy only wait in less than 15 minute.

There is nothing to do if cellular/mobile network is 3/4/5G. All are fees depended from transaction size and traffic in the network of nodes and some other factors like as whether spend from other outputs and if have already confirmed. That means some times of the day you will pay fewer sat/byte because of the network traffic

shinratensei_

legendary

Activity: 3136

Merit: 1024

Leading Crypto Sports Betting & Casino Platform

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Wrong, totally all of that isn't depending on the minimum confirmation, At least if the block can validate a lot of the transaction in one time and it will be faster to get your confirmation, the limit of confirmation just to avoid the double spend. It's like a legality of your transaction and the seller will receive your money. it was including on the blocksize debate. It will get solve soon if the core was interesting for doing a simple hardfork about increasing the blocksize.
But that's having risks.

Ewinsane

hero member

Activity: 980

Merit: 523

Quote from: Dhiva on January 15, 2017, 01:57:02 AM

Quote from: cengsuwuei on January 15, 2017, 01:50:22 AM

iam use blockchain.info
transaction if very slow, altchough fee standard sending in blockchain without reduce fee,
without setting in sending fee but still slow transaction

Well maybe it's slow....

i do not think that bitcoin transaction is slow because i using bitcoin and i think bitcoin transaction is very much stronger than other transaction service and maximum people like the fast transaction of bitcoin and prefer it to other people.

Mastsetad

sr. member

Activity: 672

Merit: 250

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

The better fees you pay the less time it will take to confirm your transaction. So if you want your transaction to get confirmed quite early then you will have to leave being a miser and pay some good fees so that you don't need to wait a lot for your transaction to get confirmed.

ethereumhunter

hero member

Activity: 2912

Merit: 541

Leading Crypto Sports Betting & Casino Platform

Quote from: delliaerd on January 14, 2017, 06:17:13 PM

Quote from: Daniel91 on January 14, 2017, 04:37:38 PM

Quote from: btcnastia on January 14, 2017, 03:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

Probably that because the traffic is really high. I am sure that will be fixed soon. Japan will realease 5g internet technology, probably it will help bitcoin transaction faster. Also I am sure that there are some developer who advance the hash rate of bitcoin to be faster.
Waiting for 1 - 2 days for bitcoin transaction is so rare, I usualy only wait in less than 15 minute.

i am sure it will be fixed and bitcoin transaction time can work with fast confirming but now i think it too slow because there much of transaction that need to confirmed and we need to wait little longer. but i don't have experience for waiting for 1 or 2 days, i think the longest time that i am waited is for about 2 hours until 3 hours and it makes me gets bored to waiting.

Qunenin

hero member

Activity: 966

Merit: 506

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

I suggest to use Hash as a proof of payment. Hash is generated as soon as the transaction is done and so we do not have to wait for 1 confirmation which may take 10 mins to 1 hour in some cases if the fee has been adjusted too low. Using Hash will solve lots of problem which arises while waiting for 1 confirmation in most cases.

dmamigo

sr. member

Activity: 1232

Merit: 250

Quote from: Dhiva on January 14, 2017, 11:40:20 PM

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Well if you set your miner fees (Like on Blockchain, the confirmation become more faster)
Me myselft set it to 0.0001/transaction

That much fee what you set also sometimes don't help. Also time matters, if their is no congestion, then the transaction is completed little faster.

TastyChillySauce00

legendary

Activity: 3010

Merit: 1028

Leading Crypto Sports Betting & Casino Platform

Quote from: cengsuwuei on January 15, 2017, 01:50:22 AM

iam use blockchain.info
transaction if very slow, altchough fee standard sending in blockchain without reduce fee,
without setting in sending fee but still slow transaction

It's not because you're using blockchain.info or any other wallet but there might be happened some delay in the network, as I know blockchain.info always setting up the automatic fee to meet the requirement for fees/byte and your transaction will have high priority in the network. The speed of confirmation affected by so many factors

Edraket31

hero member

Activity: 1190

Merit: 511

There are times when the transaction is as fast as I am expecting to, but, many times that it is so slow. It really depends on the volume of transaction not on how much fee you paid, so instead of complaining I am making myself busy with my other tasks rather than waiting for it and will just get pissed of.

Dhiva

member

Activity: 87

Merit: 10

Quote from: cengsuwuei on January 15, 2017, 01:50:22 AM

iam use blockchain.info
transaction if very slow, altchough fee standard sending in blockchain without reduce fee,
without setting in sending fee but still slow transaction

Well maybe it's slow....

cengsuwuei

hero member

Activity: 714

Merit: 516

#SWGT PRE-SALE IS LIVE

iam use blockchain.info
transaction if very slow, altchough fee standard sending in blockchain without reduce fee,
without setting in sending fee but still slow transaction

Rizky Aditya

hero member

Activity: 700

Merit: 500

Quote from: Dhiva on January 14, 2017, 11:40:20 PM

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Well if you set your miner fees (Like on Blockchain, the confirmation become more faster)
Me myselft set it to 0.0001/transaction

Not all customers want to pay higher fees just so that they can buy what they want. Also, higher fees don't necessarily mean that your transaction will get confirmed quicker. Although most of the time it does mean that. Most of my transactions take 15-20 minutes to confirm which is definitely bearable.

R3ffun

sr. member

Activity: 714

Merit: 250

Quote from: Harsh32 on July 24, 2016, 01:04:00 AM

is it possible that bitcoin will be accepted in local stores, shops etc. since transactions are to slow and customers have to wait until their transactions are verified. And nobody wants to wait.
Can transactions be seeded up to save customers time or any other way to use bitcoin at local stores.

i think transactions by real money like dollar need to wait too ..
wait means this is confirm that transaction it's really your transaction nobody else , save your bitcoin from hacker

i think can that bitcoin can be accepted in local store if people accept bitcoin first ..

Dhiva

member

Activity: 87

Merit: 10

Quote from: jaceefrost on January 14, 2017, 11:43:32 PM

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Send it with a 25k - 30k satoshi fee if you want it to be confirmed fast. These days with the congestion that is happening in the blockchain sending it with 10k satoshi will take you hours. Look here: https://bitcoinfees.21.co to know what is the appropriate fee for your transaction. Based in it sending your transaction with a 90 sats/ byte fee should make your transaction in priority.

Well that's what I mean Grin

depending on how much the fee you pay for the transaction right?
now the transaction become faster Cool

jaceefrost

hero member

Activity: 826

Merit: 1001

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Send it with a 25k - 30k satoshi fee if you want it to be confirmed fast. These days with the congestion that is happening in the blockchain sending it with 10k satoshi will take you hours. Look here: https://bitcoinfees.21.co to know what is the appropriate fee for your transaction. Based in it sending your transaction with a 90 sats/ byte fee should make your transaction in priority.

Dhiva

member

Activity: 87

Merit: 10

Quote from: iram3130 on January 14, 2017, 11:37:51 PM

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

Well if you set your miner fees (Like on Blockchain, the confirmation become more faster)
Me myselft set it to 0.0001/transaction

iram3130

legendary

Activity: 1512

Merit: 1010

ITSMYNE 🚀 Talk NFTs, Trade NFTs 🚀

Quote from: ?? on ??

Fast,

Oh really.? Didn't know that.

The thing is customer have to wait till the seller gets at least 1 confirmation. And that will take some time. So finding a way to make that fast is a riddle to solve. Huh

delliaerd

hero member

Activity: 672

Merit: 500

Quote from: Daniel91 on January 14, 2017, 04:37:38 PM

Quote from: btcnastia on January 14, 2017, 03:59:33 PM

I think that bitcoin transactions are so fast. In simple banks transactions might be very slow.

In the past I would agree with you.
I usually needed just a few hours for bitcoin transaction confirmation and usually 2-3 working days for bank transaction.
Last weeks I usually waiting 1-2 working days for bitcoin transaction confirmation so, it seems, bitcoin is not any more faster than bank wire

I really hope it will change soon.

Probably that because the traffic is really high. I am sure that will be fixed soon. Japan will realease 5g internet technology, probably it will help bitcoin transaction faster. Also I am sure that there are some developer who advance the hash rate of bitcoin to be faster.
Waiting for 1 - 2 days for bitcoin transaction is so rare, I usualy only wait in less than 15 minute.

Topic: bitcoin transactions - Slow OR Fast (Read 40387 times)