bitcoin transactions - Slow OR Fast - page 11.

Mastsetad

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Quote from: betlord90 on December 14, 2016, 11:26:47 AM

Most of the time it is fast, the only time that it is slow is when there are too many transaction that is being process in the blockchain but I don't think that it should be called "slow" because it only takes 10-30 minutes to be processed. All we need is to be patient about this process in the blockchain because there are too many bitcoin users around the world, not just you.

Yeah it may depend on the load on network when a transaction takes more time than usual, but i personally never faced this problem at all, my transactions never took more than 30 to 40 minutes no matter how big or small they were.

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Quote from: Babayega31 on December 13, 2016, 04:39:10 PM

Quote from: Ewinsane on December 13, 2016, 03:44:15 PM

Quote from: skyway1 on December 13, 2016, 04:33:25 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

you are right that bitcoin is not popular in some backward areas because these area is not modern or advance like as other cities but i am sure bitcoin will be sooner get popularity in all world and anyone will be use bitcoin as their regular currency.

We're talking about process here aside from popularity, if we compare bitcoin to fiat currency transactions nowadays specially online banking, of course i prefer bitcoin's amazing fast transaction specialy on the online wallet cash out and payment transaction like loading mobile number as one of the payment option i am using lately. Hopefully this idea of payment will be adopted by most of the fast foof chains in the world and even the department stores selling fashion wears so that payments will easily be processed and avoid waste of time and makes life comfortable.

Bitcoin right now is way faster than banking operations but to get to the point you can order food from a fast food restaurant bitcoin needs to become even faster because in those restaurants they cannot have the luxury of having a client waiting 10 minutes in line for a confirmation, confirmation will need to be a thing of seconds.

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Quote from: mrr09 on December 14, 2016, 09:09:26 AM

It looks like bitcoin transactions are now faster than ever. Compared to a few days ago, now bitcoin transactions are already more smoothly and quickly, it looks like a problem at Blockchain has been solved. Grin

yeah I think so, compare to my other transactions a couple of months ago, the transactions as of now seems getting much faster I've tried to transfer some amount to my other wallet and then it's like just after 15 or 25 minutes the transaction is already confirmed . but maybe it is just because there only few users are making a transactions so I've got lucky lately.

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Quote from: hawkins on December 14, 2016, 11:38:35 AM

Quote from: Pursuer on December 14, 2016, 11:31:48 AM

Quote from: mrr09 on December 14, 2016, 09:09:26 AM

It looks like bitcoin transactions are now faster than ever. Compared to a few days ago, now bitcoin transactions are already more smoothly and quickly, it looks like a problem at Blockchain has been solved. Grin

the "problem" was a massive number of transaction at the time and not enough block size to include all of them. you can always check them at here https://blockchain.info/unconfirmed-transactions by that time there were more than 30-50K unconfirmed transactions filling up the mempool causing transactions with much higher fee to be confirmed faster.

and since that is solved things are back to normal but still problem exists but hidden.

if during this confirmation on bitcoin in blockchain problematic, because the number of users of bitcoin? Well, I also felt a change transactions. first, very quickly send bitcoin, even confirmation only occurs in a few minutes, and I think not only me who feels this way. but, I think this has been a common problem and have been considered normal.

More and more people are using Bitcoins each new day, it's normal the transactions become more slowly if people don't set higher fees on their transactions. If you don't want to increase the fees and have an average time transaction, wait for the best moment to do it (the moment with less transactions simultaneously).

hawkins

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Quote from: Pursuer on December 14, 2016, 11:31:48 AM

Quote from: mrr09 on December 14, 2016, 09:09:26 AM

It looks like bitcoin transactions are now faster than ever. Compared to a few days ago, now bitcoin transactions are already more smoothly and quickly, it looks like a problem at Blockchain has been solved. Grin

the "problem" was a massive number of transaction at the time and not enough block size to include all of them. you can always check them at here https://blockchain.info/unconfirmed-transactions by that time there were more than 30-50K unconfirmed transactions filling up the mempool causing transactions with much higher fee to be confirmed faster.

and since that is solved things are back to normal but still problem exists but hidden.

if during this confirmation on bitcoin in blockchain problematic, because the number of users of bitcoin? Well, I also felt a change transactions. first, very quickly send bitcoin, even confirmation only occurs in a few minutes, and I think not only me who feels this way. but, I think this has been a common problem and have been considered normal.

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Quote from: mrr09 on December 14, 2016, 09:09:26 AM

It looks like bitcoin transactions are now faster than ever. Compared to a few days ago, now bitcoin transactions are already more smoothly and quickly, it looks like a problem at Blockchain has been solved. Grin

the "problem" was a massive number of transaction at the time and not enough block size to include all of them. you can always check them at here https://blockchain.info/unconfirmed-transactions by that time there were more than 30-50K unconfirmed transactions filling up the mempool causing transactions with much higher fee to be confirmed faster.

and since that is solved things are back to normal but still problem exists but hidden.

betlord90

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Most of the time it is fast, the only time that it is slow is when there are too many transaction that is being process in the blockchain but I don't think that it should be called "slow" because it only takes 10-30 minutes to be processed. All we need is to be patient about this process in the blockchain because there are too many bitcoin users around the world, not just you.

mrr09

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It looks like bitcoin transactions are now faster than ever. Compared to a few days ago, now bitcoin transactions are already more smoothly and quickly, it looks like a problem at Blockchain has been solved. Grin

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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.

Well, its not that slow, the average maximum I've had to wait is around 15-30 mins but while that isnt much, it is some wait. But sometimes the transaction takes around an hour and thats where the disadvantage of bitcoin lies. However, waiting 10-15 minutes for a car isnt really anything, but other stationary stores I think wont be able to adopt bitcoin, just yet, as the delay might get customers frustrated.

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It is slow some times but it is fast most of the time. Bitcoin transaction is slow some times because of too many transaction that are being process on the blockchain and it is fast most of the time when only few transactions are being process on the blockchain technically. So all we have to do is to wait when bitcoin transaction is slow, because this would not take a lifetime for us to wait.

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Quote from: Positid on December 14, 2016, 12:18:52 AM

Quote from: virtualkeybuyer on December 13, 2016, 05:15:05 PM

Quote from: carlisle1 on December 13, 2016, 11:35:05 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

Some has computer but they do not have interest in the crypto world, and it's only small of the total population of people who do online with internet has adopted with bitcoin, to be able to understand you must have the passion with crypto.

yes that was the problem of some people from a certain country especially here in the Philippines most people don't have a computer but at least a smart phone which can already help them to learn some essentials about bitcoin and there are also many people who has a computer with a internet connection but still don't know about bitcoin and doesn't want to learn because most of the time it only depends on their interest .

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Quote from: carlisle1 on December 13, 2016, 11:35:05 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

Even people from my city. I didn't find a single person who knows about bitcoins. I guess primarily we need huge spreading about bitcoin in social communities. We need to share as much we can about bitcoins. Hopefully it will only lead to good adoption.

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Quote from: virtualkeybuyer on December 13, 2016, 05:15:05 PM

Quote from: carlisle1 on December 13, 2016, 11:35:05 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

Some has computer but they do not have interest in the crypto world, and it's only small of the total population of people who do online with internet has adopted with bitcoin, to be able to understand you must have the passion with crypto.

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Quote from: carlisle1 on December 13, 2016, 11:35:05 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

The other reason that the people from that countries do not know about bitcoin is that they do not have any computer to connect to online world. A few months ago i asked from a boy in Philippine to learn about bitcoin and start earning from different services available with that payment. He replied me that he do not have any computer and even do not have any electricity.

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Quote from: Ewinsane on December 13, 2016, 03:44:15 PM

Quote from: skyway1 on December 13, 2016, 04:33:25 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

you are right that bitcoin is not popular in some backward areas because these area is not modern or advance like as other cities but i am sure bitcoin will be sooner get popularity in all world and anyone will be use bitcoin as their regular currency.

We're talking about process here aside from popularity, if we compare bitcoin to fiat currency transactions nowadays specially online banking, of course i prefer bitcoin's amazing fast transaction specialy on the online wallet cash out and payment transaction like loading mobile number as one of the payment option i am using lately. Hopefully this idea of payment will be adopted by most of the fast foof chains in the world and even the department stores selling fashion wears so that payments will easily be processed and avoid waste of time and makes life comfortable.

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Quote from: skyway1 on December 13, 2016, 04:33:25 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Yeah many people do not know about bitcoin that what is bitcoin but i hope bitcoin will be more popular in the future and i hope that all people will be aware from bitcoin in the future and we will be support bitcoin and make it a famous currency.

you are right that bitcoin is not popular in some backward areas because these area is not modern or advance like as other cities but i am sure bitcoin will be sooner get popularity in all world and anyone will be use bitcoin as their regular currency.

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Quote from: ged00u on December 10, 2016, 01:09:22 PM

Quote from: brian_23452 on December 09, 2016, 10:14:37 AM

the transaction of bitcoin is very fast compare to other currency this is a transaction you can carry out at your own convenient using your mobile phone but if off late the transaction is not fast as it use to be before now i think they will have to do something about it.

If you compare Bitcoin to other currencies, Bitcoin is definitely the fastest currencies because it is created digitally and used on the Internet. However, Bitcoin is not always fast like you think. Sometimes, unusually, when man does not charge the sending fee, transaction can be forever unconfirmed.

The days of free transactions are practically over in the bitcoin network, you need to send a fee, in fact I have not seen a wallet that allows you to send transactions without any fee.

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Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

that's true many people in the Philippines didn't have an Idea what is bitcoin as most of them didn't heard about it yet even its name . but for sure many businesses already knows about bitcoin but they do not just already adopt and make it as an alternative payment method . by the way I am not even belong to the middle class but I do know what is bitcoin and how to use it maybe it's not true that many middle class people don't know some thing about bitcoin .

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Quote from: TastyChillySauce00 on December 13, 2016, 05:49:31 AM

Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Middle class, Low class, or even High class, all of them can use bitcoin without any discrimination as long the shops are accepting bitcoin as their payment option. If you're talking about those people's economic
then as long as they could afford to buy bitcoin ( Bitcoin is having decimal amount so any amount of fiat can be exchanged ) then they could just simply use it

Yes they can use it but the problem is the awareness of people . People who don't spend much time in the internet might not know it . Some countries especially the poor ones haven't even adopt to internet yet so how can they know it or use it?

Yes some high class restaurants will most likely to establish bitcoin as a payment because of its confirmation time fast foods or stalls might never accept it

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Quote from: al0729 on December 13, 2016, 04:16:02 AM

maybe for the high class restaurants or store's. But here in the philippines i dont think that bitcoin can be use as transsaction many middle class people dont know or dont have any idea about bitcoin .

Middle class, Low class, or even High class, all of them can use bitcoin without any discrimination as long the shops are accepting bitcoin as their payment option. If you're talking about those people's economic
then as long as they could afford to buy bitcoin ( Bitcoin is having decimal amount so any amount of fiat can be exchanged ) then they could just simply use it

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