I would say fast enough for me currently, but there are cases it takes couple hours.
Then its impossible to use it in many diffirent situations (selling/buying)
Topic: bitcoin transactions - Slow OR Fast - page 20. (Read 40393 times)
Currently I see Bitcoin transactions very slow, so to expect it at a grocery store would be crazy. It's take sometimes very long for money to come. Until they can figure it out, I really doubt. Maybe later on with new and new technology it could. But at current rate not possible.
Bitcoin was not designed for over the counter payments, it's an online currency and people need to see it as that.If you want to spend your bitcoins in a shop then use a btc debit card.
Have you guys ever considered what happens when the poor or middle class are unable to afford the extra fees to send BTC?
I mean BTC need every transaction per block possible and the last block # 440052
for 12.50 BTC by HaoBTC has only 1 transaction in it.
I am one of the poor sides. I do think of this all of the time. That is why I am doing every transaction in a bigger amount with low fees, although it takes time I dont really mind it. As long as it will still go to my other account. But this will be a problem as we progress and I hope there will be a solution for this for some might consider this inconvenient.
Currently I see Bitcoin transactions very slow, so to expect it at a grocery store would be crazy. It's take sometimes very long for money to come. Until they can figure it out, I really doubt. Maybe later on with new and new technology it could. But at current rate not possible.
Bitcoin was not designed for over the counter payments, it's an online currency and people need to see it as that.If you want to spend your bitcoins in a shop then use a btc debit card.
Have you guys ever considered what happens when the poor or middle class are unable to afford the extra fees to send BTC?
I mean BTC need every transaction per block possible and the last block # 440052
for 12.50 BTC by HaoBTC has only 1 transaction in it.
Currently I see Bitcoin transactions very slow, so to expect it at a grocery store would be crazy. It's take sometimes very long for money to come. Until they can figure it out, I really doubt. Maybe later on with new and new technology it could. But at current rate not possible.
Bitcoin was not designed for over the counter payments, it's an online currency and people need to see it as that.If you want to spend your bitcoins in a shop then use a btc debit card.
I say Slow Wins the Argument Now:
https://bitcointalksearch.org/topic/m.16952006
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
Ok I'll let you say bitcoin is slow today but this is a rare occurrence, my transaction quoted above still has not confirmed.https://bitcointalksearch.org/topic/m.16952006
What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
If i had control over that tx i would have checked the charts first and added the appropriate fee, that is another problem with online wallets that they don't update their fee structures often enough.
But on the bright side the transaction did appear instantly lile always and will still be available quicker than a bank transfer.
Currently I see Bitcoin transactions very slow, so to expect it at a grocery store would be crazy. It's take sometimes very long for money to come. Until they can figure it out, I really doubt. Maybe later on with new and new technology it could. But at current rate not possible.
I say Slow Wins the Argument Now:
https://bitcointalksearch.org/topic/m.16952006
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
Ok I'll let you say bitcoin is slow today but this is a rare occurrence, my transaction quoted above still has not confirmed.https://bitcointalksearch.org/topic/m.16952006
What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
If i had control over that tx i would have checked the charts first and added the appropriate fee, that is another problem with online wallets that they don't update their fee structures often enough.
But on the bright side the transaction did appear instantly lile always and will still be available quicker than a bank transfer.
Everything is available quicker than a bank transfer.
Alts are way faster, my favorite ZEIT has 20X the transactions capacity of BTC in 10 Minutes, but far be it from me to try an change a man's religion in Bitcrap.
I say Slow Wins the Argument Now:
https://bitcointalksearch.org/topic/m.16952006
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
Ok I'll let you say bitcoin is slow today but this is a rare occurrence, my transaction quoted above still has not confirmed.https://bitcointalksearch.org/topic/m.16952006
What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
If i had control over that tx i would have checked the charts first and added the appropriate fee, that is another problem with online wallets that they don't update their fee structures often enough.
But on the bright side the transaction did appear instantly lile always and will still be available quicker than a bank transfer.
I say Slow Wins the Argument Now:
https://bitcointalksearch.org/topic/m.16952006
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
https://bitcointalksearch.org/topic/m.16952006
What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?
view the queue length here
https://blockchain.info/unconfirmed-transactions
FYI:
Average Block is holding between 1400 & 2600 transactions,
blockspeed of 10 minutes
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
I agree on this, i recently transfer Bitcoin, i thought it will get 1 confirmation in 10 minutes because i setup a 20k satoshi transaction fee, but then after 10 min. it does not get a single confirmation. It took almost 1 hour before the first confirmation appear, and still at 1 confirmation at the time of this posting. I wonder how can bitcoin be used in real life over the counter transaction with the confirmation speed like this.
Bloody online wallets and their cheap fees
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
I agree on this, i recently transfer Bitcoin, i thought it will get 1 confirmation in 10 minutes because i setup a 20k satoshi transaction fee, but then after 10 min. it does not get a single confirmation. It took almost 1 hour before the first confirmation appear, and still at 1 confirmation at the time of this posting. I wonder how can bitcoin be used in real life over the counter transaction with the confirmation speed like this.
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
Or Use LTC or Doge , where an extra fee is not required.
Be there faster too.
Why not monero or DASH?
Edit: This transaction was sent about 2 hours ago now, it was sent from an online wallet so i had no control over the small fee they added:
https://blockchain.info/tx/30b9746c7470f5ee94a25bee66a89f6f053ab8404048a17fbb5dcf49beaf1304
As long as the liquidity was there , any alt will do.
So Dash or Monero would work, I just don't normally use them.
The only people still holding doge up are the early adopters that just can't let the dream go
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
Or Use LTC or Doge , where an extra fee is not required.
Be there faster too.
Why not monero or DASH?
Edit: This transaction was sent about 2 hours ago now, it was sent from an online wallet so i had no control over the small fee they added:
https://blockchain.info/tx/30b9746c7470f5ee94a25bee66a89f6f053ab8404048a17fbb5dcf49beaf1304
As long as the liquidity was there , any alt will do.
So Dash or Monero would work, I just don't normally use them.
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
Or Use LTC or Doge , where an extra fee is not required.
Be there faster too.
Why not monero or DASH?
Edit: This transaction was sent about 2 hours ago now, it was sent from an online wallet so i had no control over the small fee they added:
https://blockchain.info/tx/30b9746c7470f5ee94a25bee66a89f6f053ab8404048a17fbb5dcf49beaf1304
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
Or Use LTC or Doge , where an extra fee is not required.
Be there faster too.
Transactions are quite slow today, the mempool is up around 20k transactions still waiting to confirm so i would suggest anyone sending coins in the next few hours to add a larger than normal fee.
The same as mine, I don't experience such as slow transactions when I am sending bitcoins. I'm only using blockchain and it makes faster because of their new transaction that including the transaction fee. And maybe that's the reason why we both not experiencing slow transaction, with your situation you are putting the max and with me, the fee is always deducted.
I don't have any concrete idea where it really depends on sending a faster bitcoin. Some said that it relies on the transaction fees. Does it matter?
One more thing, I think it is a little bit slower if it use by other exchange aside from blockchain which is the foundation of btc.
For me lately I am having blazing fast transactions. I started only recently using Electrum 2.7.12 (was using older versions before) and this new version has an option to put the fees to the max in the window where you are doing the transaction. I always choose MAX there and transactions have confirmations really fast.
If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
The same as mine, I don't experience such as slow transactions when I am sending bitcoins. I'm only using blockchain and it makes faster because of their new transaction that including the transaction fee. And maybe that's the reason why we both not experiencing slow transaction, with your situation you are putting the max and with me, the fee is always deducted.
For me lately I am having blazing fast transactions. I started only recently using Electrum 2.7.12 (was using older versions before) and this new version has an option to put the fees to the max in the window where you are doing the transaction. I always choose MAX there and transactions have confirmations really fast.
If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
If you mean Slow OR Fast like comparing to other payment options even so, I still think they are blazing fast and no other payment methods matches security of the bitcoin(unless user error, not bitcoin error).
The same as mine, I don't experience such as slow transactions when I am sending bitcoins. I'm only using blockchain and it makes faster because of their new transaction that including the transaction fee. And maybe that's the reason why we both not experiencing slow transaction, with your situation you are putting the max and with me, the fee is always deducted.
I've been using Blockchain since the moment I have heard of Bitcoin. I am having some issues with the fees and secondary password but changing the fees manually can do the job very well. The thing is that the higher the fee is, the faster your money will be confirmed. For my cold wallets I chose 10k satoshis, which got confirmed in about 12 hours to one day.
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