bitcoin transactions - Slow OR Fast - page 39.

rizzlarolla

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Quote from: shinratensei_ on July 27, 2016, 06:54:27 PM

Quote from: 1Referee on July 27, 2016, 06:15:54 PM

I don't see any problems with people spending low amounts of coins without having to wait for their first confirmation. If you add an appropriate fee, then the transaction will get accepted by the payment provider of that merchant. If you are looking to spend large amounts of coins on something, then there is no other choice than to wait for that first confirmation to come through. No payment provider/merchant will let you walk away without that first confirmation then. It will be either you waiting less than 10 minutes, or perhaps more than 30 minutes.

We some i always saw the people is getting a stuck in their transaction. although putting a reliable fee for their transaction and i don't why? i ever feeling that and does it's a normal to waiting for one transaction more than 30 minutes?

Hey, now you're really taking the piss.

Quote from: rizzlarolla on July 27, 2016, 06:43:05 PM

~~Hawkins~~, ~~BitMaxz~~ shinratensei, you talk total shite. I mean, TOTAL SHITE.

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Quote from: 1Referee on July 27, 2016, 06:15:54 PM

I don't see any problems with people spending low amounts of coins without having to wait for their first confirmation. If you add an appropriate fee, then the transaction will get accepted by the payment provider of that merchant. If you are looking to spend large amounts of coins on something, then there is no other choice than to wait for that first confirmation to come through. No payment provider/merchant will let you walk away without that first confirmation then. It will be either you waiting less than 10 minutes, or perhaps more than 30 minutes.

We some i always saw the people is getting a stuck in their transaction. although putting a reliable fee for their transaction and i don't why? i ever feeling that and does it's a normal to waiting for one transaction more than 30 minutes?

rizzlarolla

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Quote from: BitMaxz on July 27, 2016, 06:10:47 PM

For now as my experience if i compare the transaction before and after block halving. the transaction speed right now is a little bit fast than before..
I this is also because of more miners right now are mining bitcoin i you check the blockcain for hashrate before and after block halving.. also when the s9 release on the market the hashrate for all miners are increase.. this is i think because of this thats why the transaction speed right now is a little bit increase..

Quote from: rizzlarolla on July 27, 2016, 05:54:49 PM

~~Hawkins~~, BitMaxz you talk total shite. I mean, TOTAL SHITE.

1Referee

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I don't see any problems with people spending low amounts of coins without having to wait for their first confirmation. If you add an appropriate fee, then the transaction will get accepted by the payment provider of that merchant. If you are looking to spend large amounts of coins on something, then there is no other choice than to wait for that first confirmation to come through. No payment provider/merchant will let you walk away without that first confirmation then. It will be either you waiting less than 10 minutes, or perhaps more than 30 minutes.

BitMaxz

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For now as my experience if i compare the transaction before and after block halving. the transaction speed right now is a little bit fast than before..
I this is also because of more miners right now are mining bitcoin i you check the blockcain for hashrate before and after block halving.. also when the s9 release on the market the hashrate for all miners are increase.. this is i think because of this thats why the transaction speed right now is a little bit increase..

rizzlarolla

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Quote from: hawkins on July 27, 2016, 01:59:35 PM

I think it's very fast bitcoin transactions and can not be stopped, because it happened in an instant. but there are some times when a long confirmation occurs, it makes us more time to be able to use bitcoin sent, but I guess it's all fine if the confirmation happen quickly.

Hawkins, you talk total shite. I mean, TOTAL SHITE.

hawkins

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I think it's very fast bitcoin transactions and can not be stopped, because it happened in an instant. but there are some times when a long confirmation occurs, it makes us more time to be able to use bitcoin sent, but I guess it's all fine if the confirmation happen quickly.

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Quote from: mobnepal on July 27, 2016, 01:54:10 AM

If enough transaction fee is paid than it will take only 10 minute to get transaction confirmed however for local merchants bitgo instant transaction could be solution, as well as payment from green address of block.io could also be solution.

On the other hand coinbase payment, bitcoin debit card all could be used for instant bitcoin transaction.

i dont think that the transaction depend on the transaction fee. i think that the trisection fee is fixed and every one has to pay it. there is no concerned with the transect on fee with the transaction timing. i think it is the bitcoin internal problem and the form has to solving the delay of bitcoin transaction. other wise is it effecting the image of bitcoin very badly.

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If enough transaction fee is paid than it will take only 10 minute to get transaction confirmed however for local merchants bitgo instant transaction could be solution, as well as payment from green address of block.io could also be solution.

On the other hand coinbase payment, bitcoin debit card all could be used for instant bitcoin transaction.

arseaboy

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Quote from: mirakal on July 27, 2016, 01:25:56 AM

Quote from: TheGodFather on July 25, 2016, 09:51:11 PM

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 you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

In overall bitcoins is still fast because we can transact 24/7 and that is good because it is accepted worldwide by those who adopted in using it. We can see that it will increase in the near future and that would improve the market of bitcoins and new merchants are going to adopt because of its faster transaction and cheap as well.

yes mate for me also bitcoin transaction is fast already instead of going to the bank and fall in line, in this coming generation people awareness regarding to this currency will be increase and adaptation to certain service will be available looking forward to see even restaurant and fast food will accept bitcoin payments.

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Quote from: TheGodFather on July 25, 2016, 09:51:11 PM

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 you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

In overall bitcoins is still fast because we can transact 24/7 and that is good because it is accepted worldwide by those who adopted in using it. We can see that it will increase in the near future and that would improve the market of bitcoins and new merchants are going to adopt because of its faster transaction and cheap as well.

TheGodFather

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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 you want to use a direct transaction for bitcoin at retail stores or shops, then the transaction will be slow for sure. But if you want to use bitcoin to buy or sell items, then you have to convert it first into cash or something like that because if you want to pay or exchange it with bitcoin, that will be slow. But since transactions can't be stopped, then you can still use it at retail shops. For example, someone bought oranges worth 120000 Satoshi, then if you see that he/she send you the exact price, then you can rather give him/her the things he/she bought.

Achargeturry78

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Just follow the rules

the normal trasaction for bitcoin transaction is up to 6 confirmation or 1-2 hours it always depends because some time it always accepted by exact time if you use to send in gambling site probaly it will delayed for sure because many player also send their bitcoin into that site but if in online store it will be fast as 123 fried and toasted i use amazon to shop online

because amazon now is accepting bitcoins payment and for sure many of us will shop as easy as we want

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Quote from: kpitti on July 25, 2016, 03:13:12 PM

Bitcoin transactions are very fast. Bitcoins are sent within some seconds.
There is a different problem and this is number of confirmations needed by each store, service or whatever you can find who is accepting Bitcoins. Then more time is needed to get three or more confirmations.

All of the transaction it's instantly and this is applied on another transaction, no only on bitcoin and the number of confirmation is needed by each store because the confirmation can make the transaction is legal and some store is apply to get some confirmation before.

madwica

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Quote from: Strongkored on July 25, 2016, 06:27:34 PM

Quote from: Blackmet on July 25, 2016, 06:07:57 PM

At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

yeah, I also minded the same, in addition to other transaction model like Paypal and WU bitcoin is much faster and is superior in my opinion. But if you send USD from the PM also very fast even in a matter of seconds your money has been received by the party that you transfer. But I prefer to use bitcoin because with bitcoin we also indirectly invest

As my experience using bitcoin it is good not very fast and not so slow but if you compare into other remittance center it is much faster than them and not only by sending and receiving money it is also can be used in online shopping transaction and paying bills the confirming transaction is also be good.

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Quote from: Blackmet on July 25, 2016, 06:07:57 PM

At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

yeah, I also minded the same, in addition to other transaction model like Paypal and WU bitcoin is much faster and is superior in my opinion. But if you send USD from the PM also very fast even in a matter of seconds your money has been received by the party that you transfer. But I prefer to use bitcoin because with bitcoin we also indirectly invest

Blackmet

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At my opinions bitcoin transactions is fast enough, for me personaly better to use bitcoin for reciving/sending money insteed of western union or other ways.

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Quote from: Monumental on July 25, 2016, 12:45:48 PM

Quote from: X-ray on July 25, 2016, 07:05:08 AM

Quote from: romero121 on July 25, 2016, 07:01:11 AM

Bitcoin transactions were really fast, because within few seconds a primary confirmation in the form of unconfirmed state as a notification is got. At times the speed depends upon internet network too for its confirmation.

You can't consider unconfirmed transaction as a "transaction" because it's still not confirmed by the network and you don't know whether it could possibly rejected by the network or it will be succeed

That is right. It is too risky to accept an unconfirmed transaction if some amount of money is involved.

thats true, it might easily be a doublespend, besides that if person sends it via phone i think it would be really safe as it would be impossible to do that

Doamader

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Thats where the third companies will act, instead the merchant have to force the costumer to wait some minutes, those companies will work between both, soo those will be the same way as pay with the current credit or debit card. But over the time we will see something appearing atleast is expected that bitcoin core make some improvements.

kpitti

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Bitcoin transactions are very fast. Bitcoins are sent within some seconds.
There is a different problem and this is number of confirmations needed by each store, service or whatever you can find who is accepting Bitcoins. Then more time is needed to get three or more confirmations.

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