bitcoin transactions - Slow OR Fast - page 14.

vasrasus

hero member

Activity: 946

Merit: 500

Bcnex - The Ultimate Blockchain Trading Platform

Quote from: lakisis on December 09, 2016, 01:44:15 PM

Quote from: brian_23452 on December 09, 2016, 09:14:37 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.

Yeah you are right that bitcoin transaction is very much faster than other currency because bitcoin technology is getting more advance day by day and we can buy everything in few second from anywhere with bitcoin.

True. base on my transactions everything that im doing with bitcoin all went well. The cashout, deposting in some online games , eloading and transmitting money . All of them were normal as I expected so ther is no doubt in everything that bitcoin services gived to me.

gandame

hero member

Activity: 924

Merit: 505

It is possible, yes. Some of the online stores like eBay are now accepting bitcoin if I'm not wrong. If some stores right now then it is not impossible that in the future all of the stores are going to accept bitcoin, and bitcoin would be the future money that all the people are going to use worldwide. Bitcoin is strong enough to stand alone unlike the other cryptocurrencies here online.

Taki

hero member

Activity: 1078

Merit: 514

I have never had any problems with some slow transactions. I mean that wasn't even exist. But last few weeks my campaign started to transfer me money on Tuesdays. Before that they transferred on Saturday, like from Friday to Friday they are counting my posts and money already on the next day. But now they are late for three days.

qiman

hero member

Activity: 1036

Merit: 504

In the past month we had around 8 bitcoin transactions that took nearly 24 hours to confirm so it was very nerve wracking to say the least, but in the end they did finally reach their destination in tact. We are just paying more in miner's fees now to make sure they get transferred in reasonable time.

serjent05

legendary

Activity: 3052

Merit: 1281

Get $2100 deposit bonuses & 60 FS

Quote from: South Park on December 09, 2016, 01:21:08 PM

Quote from: JANGKRIK BOSS on December 09, 2016, 02:55:31 AM

Quote from: hawkins on December 08, 2016, 11:51:04 PM

Quote from: xIIImaL on December 08, 2016, 10:48:55 PM

Quote from: rajasumi3 on December 08, 2016, 10:20:22 PM

bitcoin transactions are fast but due to problems in blockchain the transactions have become much slower than before .hope the programmers will make the necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

In the Multibit Wallet you can change the fee you want a transaction to have, so if you need a fast transaction you can add a bigger fee and if time is not critical to you then you add a small fee, but you need to change the fee in the options or something you cannot do it while you are trying to do a transaction, second I don't have experience with coinbase but in the blockchain wallet I remember you can change the fee too.

I am using multibit wallet too, this previous week i let the default fee be implemented in my transaction and it took me 30 min to more than an hour waiting for the transaction to confirm, but recently i decided to increase the fee to 25k satoshi, and i was surprised that it only took less than 10 min to have 2 confirmation and less than 20 min to be fully confirmed. So it means we need to pay higher fee to make the transaction confirm faster.

CyberKuro

hero member

Activity: 798

Merit: 506

Quote from: brian_23452 on December 09, 2016, 09:14:37 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.

I have never experienced slow transaction through blockchain technology because the fees always adjusted to how much bytes of your transactions. I thought it same as transaction through banks services, but bitcoin transaction doesn't have any restriction to send/receive it worldwide which make it better than any other banks or wire service.

HatakeKakashi

hero member

Activity: 1274

Merit: 513

Quote from: Cactushrt on December 09, 2016, 03:41:25 AM

Actually bitcoin transactions it all depends in fees specially in blockchain. Last two weeks i experience very slow transaction maybe i paid low amount of fees but this week bitcoin transactions are instant and fast and sooner ocal stores will accept bitcoins

Yes bro I also experienced last week transaction is very slow it takes 24-30hrs to confirmed my transactions. I'm very angry on that week because I need to cashout my Bitcoin my payout I want to buy a new cellphone but instead of cellphone I bought new tablet. I'm already change my mind . but from this week the transaction is good very fast it takes 30minutes to 1hr only to confirmed I hope everyday I can experienced a very fast transaction . so can easily to send/receive Bitcoin .

Script3d

hero member

Activity: 1232

Merit: 503

Quote from: Harsh32 on July 24, 2016, 12:04:00 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.

if your telling you wanna pay bitcoin on local stores you can just simple put higher fee amount like 20k satoshis which will put the priority to High Which can be confirmed at 1 block

and also you dont need to wait in the store until the transaction is confirmed you can just simply leave if you put higher transaction fee

stomachgrowls

hero member

Activity: 3010

Merit: 794

Quote from: Harlot on December 10, 2016, 01:57:21 AM

Quote from: Positid on December 10, 2016, 01:27:07 AM

Quote from: dearbesz1219 on December 10, 2016, 12:16:00 AM

Quote from: Harsh32 on July 24, 2016, 12:04:00 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.

Yes there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

It's possible to be accepted in a local store, and it doesn't really depend on the area but it also depends on the government of the country and also how speedy the transaction is. It can be hard for the store to be accepting Bitcoin because they don't know yet the legality of it in their country. Also they won't be able to easily track all of the transactions if they accept Bitcoin, they would be switching from computers to confirm the sent Bitcoin in order to confirm the order.

Its still possible as long the adoption of bitcoin on a particular place is high then you could accept bitcoin anytime and theres no worry about on the transaction duration as long its already transferred into your address it would not be reversed already and its really a good thing since you could already assure that payments will surely go into your wallet.

SaShiRaJaVu

hero member

Activity: 1694

Merit: 541

Quote from: brian_23452 on December 09, 2016, 09:14:37 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.

What other currencies are you talking about.If you are talking about other crypto currencies most have faster transaction speed when compared to bitcoin and for quite some time bitcoin transactions are slow its may be i guess the block are stacked and its full or may be we need to input higher transaction fees for faster transactions.

Harlot

hero member

Activity: 1806

Merit: 672

Quote from: Positid on December 10, 2016, 01:27:07 AM

Quote from: dearbesz1219 on December 10, 2016, 12:16:00 AM

Quote from: Harsh32 on July 24, 2016, 12:04:00 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.

Yes there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

It's possible to be accepted in a local store, and it doesn't really depend on the area but it also depends on the government of the country and also how speedy the transaction is. It can be hard for the store to be accepting Bitcoin because they don't know yet the legality of it in their country. Also they won't be able to easily track all of the transactions if they accept Bitcoin, they would be switching from computers to confirm the sent Bitcoin in order to confirm the order.

Positid

sr. member

Activity: 378

Merit: 250

BULL RUN until 2030

Quote from: dearbesz1219 on December 10, 2016, 12:16:00 AM

Quote from: Harsh32 on July 24, 2016, 12:04:00 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.

Yes there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

It does not depend on a country because we are transaction in the blockchain only, and it's decentralized so no country interference with the problem of transaction. It will be slow if the demand is huge as more transactions will be happening and that is the only reason.

dearbesz1219

hero member

Activity: 924

Merit: 500

Quote from: Harsh32 on July 24, 2016, 12:04:00 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.

Yes there is a possibility to be happen but not now, because the demand of the bitcoin community is totally high at the present time now, slow and fast it depends on the area of the country.

equator

legendary

Activity: 1190

Merit: 1002

Quote from: South Park on December 09, 2016, 01:21:08 PM

Quote from: JANGKRIK BOSS on December 09, 2016, 02:55:31 AM

Quote from: hawkins on December 08, 2016, 11:51:04 PM

Quote from: xIIImaL on December 08, 2016, 10:48:55 PM

Quote from: rajasumi3 on December 08, 2016, 10:20:22 PM

bitcoin transactions are fast but due to problems in blockchain the transactions have become much slower than before .hope the programmers will make the necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

In the Multibit Wallet you can change the fee you want a transaction to have, so if you need a fast transaction you can add a bigger fee and if time is not critical to you then you add a small fee, but you need to change the fee in the options or something you cannot do it while you are trying to do a transaction, second I don't have experience with coinbase but in the blockchain wallet I remember you can change the fee too.

Coinbase is a web wallet and it is free for sending bitcoins without paying any transaction fees, it is paid by coinbase for its customers. Same in Electrum wallet also you have option in preference where you can change the transaction fees according to your convenience like what you said about multibit wallet

lakisis

full member

Activity: 196

Merit: 100

Quote from: brian_23452 on December 09, 2016, 09:14:37 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.

Yeah you are right that bitcoin transaction is very much faster than other currency because bitcoin technology is getting more advance day by day and we can buy everything in few second from anywhere with bitcoin.

South Park

hero member

Activity: 2884

Merit: 794

I am terrible at Fantasy Football!!!

Quote from: JANGKRIK BOSS on December 09, 2016, 02:55:31 AM

Quote from: hawkins on December 08, 2016, 11:51:04 PM

Quote from: xIIImaL on December 08, 2016, 10:48:55 PM

Quote from: rajasumi3 on December 08, 2016, 10:20:22 PM

bitcoin transactions are fast but due to problems in blockchain the transactions have become much slower than before .hope the programmers will make the necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

In the Multibit Wallet you can change the fee you want a transaction to have, so if you need a fast transaction you can add a bigger fee and if time is not critical to you then you add a small fee, but you need to change the fee in the options or something you cannot do it while you are trying to do a transaction, second I don't have experience with coinbase but in the blockchain wallet I remember you can change the fee too.

brian_23452

sr. member

Activity: 350

Merit: 250

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.

Cactushrt

sr. member

Activity: 952

Merit: 250

Actually bitcoin transactions it all depends in fees specially in blockchain. Last two weeks i experience very slow transaction maybe i paid low amount of fees but this week bitcoin transactions are instant and fast and sooner ocal stores will accept bitcoins

eternalgloom

legendary

Activity: 1792

Merit: 1283

Quote from: JANGKRIK BOSS on December 09, 2016, 02:55:31 AM

Quote from: hawkins on December 08, 2016, 11:51:04 PM

Quote from: xIIImaL on December 08, 2016, 10:48:55 PM

Quote from: rajasumi3 on December 08, 2016, 10:20:22 PM

bitcoin transactions are fast but due to problems in blockchain the transactions have become much slower than before .hope the programmers will make the necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

You can adjust the fee if you're using blockchain, it's under 'Advanced Transaction' when you send your coins.
I don't think it's possible with Coinbase.

Multibit HD and Electrum are pretty good desktop wallets that also allow you to set the fee.

JANGKRIK BOSS

full member

Activity: 224

Merit: 100

Quote from: hawkins on December 08, 2016, 11:51:04 PM

Quote from: xIIImaL on December 08, 2016, 10:48:55 PM

Quote from: rajasumi3 on December 08, 2016, 10:20:22 PM

bitcoin transactions are fast but due to problems in blockchain the transactions have become much slower than before .hope the programmers will make the necessary changes and make it better as soon as possible .and so that bitcoins take over the world.

Transaction might be due to you might had low fees while you transferring bitcoins which lower than minimum estimated value. However, try to have atleast minimum required balance and it will get transferred with in 4 blocks and 30 mins time interval.

correct. probably the main cause of it is the low fee. if you make a transaction, try to make feenya a little more, it could speed up the transaction. Well, add fee will not make a loss in significant amounts. if you deficiency fee, most likely, confirmation that happen to be very long

If I may know, what is the wallet that have option to add the transaction fee?
I'm using blockchain and coinbase wallet, but when I sent a bitcoin, I did not meet option of adding transaction fee.
So it's all in the settings of the wallet automatically.

Topic: bitcoin transactions - Slow OR Fast - page 14. (Read 40467 times)