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Topic: bitcoin transactions - Slow OR Fast - page 8. (Read 40387 times)

sr. member
Activity: 357
Merit: 250
December 30, 2016, 12:40:32 AM
See bitcoin transactions depends upon the speed of youe internet
But usually it takes upto 1 hour
 
legendary
Activity: 1638
Merit: 1010
https://www.bitcoin.com/
December 30, 2016, 12:18:08 AM
Well, a few days, I noticed an improvement in the speed of bitcoin transactions. perhaps because I do not really need the BTC when I sent it, so it was noticeably faster. but, sometimes when I really needed bitcoin, it seemed very long Grin
Just like a kid waiting for Christmas, whenever you are waiting on something it always feels longer.
Still better than the banks, with them sometimes you can't even see the transaction for a few business days
newbie
Activity: 52
Merit: 0
December 29, 2016, 11:58:15 PM
so, basically it is fast but not fast? does it really depend on the fee?

as far as i experienced paying with bitcoin takes seconds, once you scan QR code and then done. it said done but maybe the block is still not confirmed?
hero member
Activity: 1008
Merit: 501
December 23, 2016, 05:08:01 AM
every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet
Lol of course it's not a problem, even if you send bitcoin from purse to purse an exchange or other types that do not give any effect, because it depends on block size, bitcoin transaction will be very quick if you want to add a transaction fee
sr. member
Activity: 524
Merit: 250
December 23, 2016, 05:04:42 AM
every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet
Yes sir, I think very quickly, before I knew bitcoin, I sent money via wire transfer, web money, paypal and so forth, all of which need verification for quite a while, but send and accept bitcoin in just 10 minutes.
legendary
Activity: 966
Merit: 1006
December 23, 2016, 04:33:02 AM
Whenever i was depositing bitcoin in some casino or paying some merchants i usually attach higher fee so that it can get faster confirmation in other cases like when i was sending bitcoin from one address to another address which i will not be spending in next few days it is ok to get it confirmed after few hour so i try to save some bitcoin in fees.

legendary
Activity: 1218
Merit: 1000
December 22, 2016, 11:42:08 PM
Well, a few days, I noticed an improvement in the speed of bitcoin transactions. perhaps because I do not really need the BTC when I sent it, so it was noticeably faster. but, sometimes when I really needed bitcoin, it seemed very long Grin
legendary
Activity: 1204
Merit: 1000
December 22, 2016, 08:22:29 PM
As long as you pay enough fees you haven't to worry much about if it gets confirmed or not.
But sometime when you are in hurry we are unlucky sometimes and the transaction may get delayed and not included in the first next blocks.
legendary
Activity: 3136
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
December 22, 2016, 08:04:32 PM
I agree that bitcoin transaction is instant and fast With in a few seconds you make a transaction, you can see that in the chain of transactions waiting to be approved or confirmed. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

Bitcoin transactions are truly fast enough because I haven't experience any problem with it.

Those people who are experiencing slow transactions sometimes are not putting miners fee. Good thing that if you are using blockchain.

There is already an automatic deduction for the miners fee and that's very cheap you don't have worry about it because that will guarantee.

That your transaction will be confirmed for just a couple of minutes.
At least how long the transaction will take confirmation.

Already put reliable fees but sometimes, the spam will make it useless, and being in the low priority.

It's depending on the block interval.
legendary
Activity: 1232
Merit: 1091
December 22, 2016, 06:56:23 PM
every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet

Type of wallet doesn't really matter as the transaction fee is the leading factor. If your transaction has a lower than average fee, then pools will most likely ignore your transaction for a while as they give priority to transactions with higher fees as that will result in a higher income. That's why if you send a transaction that needs to get confirmed pretty soon, you must add an above average fee to get pools to pick up your transaction.
member
Activity: 87
Merit: 10
December 22, 2016, 06:47:46 PM
Mostly its going pretty fast but its also depending on the fee's you are using with high fees its also way faster confirmed.
hero member
Activity: 2842
Merit: 625
December 22, 2016, 06:42:59 PM
I agree that bitcoin transaction is instant and fast With in a few seconds you make a transaction, you can see that in the chain of transactions waiting to be approved or confirmed. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.

Bitcoin transactions are truly fast enough because I haven't experience any problem with it.

Those people who are experiencing slow transactions sometimes are not putting miners fee. Good thing that if you are using blockchain.

There is already an automatic deduction for the miners fee and that's very cheap you don't have worry about it because that will guarantee.

That your transaction will be confirmed for just a couple of minutes.
sr. member
Activity: 508
Merit: 254
December 22, 2016, 06:33:03 PM
I agree that bitcoin transaction is instant and fast With in a few seconds you make a transaction, you can see that in the chain of transactions waiting to be approved or confirmed. if we compare with other bank transactions Bitcoin transactions are very fast, we will get a confirmation message within a few minute.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 21, 2016, 12:48:47 AM
Bitcoin transactions are always fast!
In the last days with transaction spam, I need also 48 hours for a single confirmation Sad

Now seems the solution is normally (but I don't know for how many time Cheesy )
Because we have patience, we were able to understand the network sometimes, and besides, delayed transaction does not happen all the time. It is just normal when a network is very busy and what is important is we are satisfied users of the bitcoin and the blockchain.
full member
Activity: 124
Merit: 100
December 20, 2016, 06:25:13 PM
Bitcoin transactions are always fast!
In the last days with transaction spam, I need also 48 hours for a single confirmation Sad

Now seems the solution is normally (but I don't know for how many time Cheesy )
hero member
Activity: 2884
Merit: 794
I am terrible at Fantasy Football!!!
December 20, 2016, 05:36:11 PM
Mos Bitcoin debit cards easily exchange value without hesitation, although converting the coin to fiat will likely take time on the back panel.

To be honest it seems possible to conduct BTC transactions in physical stores no matter how long it takes to go through except it's up to the store owner in the end of it all.
But using those debit cards is just a workaround, and not a solution to the problem of confirmation time, if we want to reach the point where we use bitcoin in our every day lives the issue must be addressed.
newbie
Activity: 3
Merit: 0
December 19, 2016, 07:33:58 AM
I think bitcoin transactions have been classified as transactions quickly. The time it takes only 1 minute to 3 hours and would be much longer if there was a slight problem.
Your right. But, fast or slow transactions are also influenced by mining. Because, In bitcoin mining is the process of spending the computing power to process the transaction, securing networks, and make everyone in the system are synchronized together.
jr. member
Activity: 36
Merit: 2
December 19, 2016, 06:56:53 AM
Compared to fiat, fast. Compared to altcoins, slow. Speed is relative
legendary
Activity: 3136
Merit: 1024
Leading Crypto Sports Betting & Casino Platform
December 19, 2016, 05:53:23 AM
I had some problems with transaction confirmation time a few days ago, it took something about a hour for the transaction to be confirmed. It seems like the same thing happened to other users.

If the proposal is to reach the mainstream, I think things should improve, hopefully with lightning network things will change next year.
It not about the Lightning.network
But IMO, it caused by the spam transaction and which mean it can be increasing the priority fees anytime, and if that was happening and your transaction will automatically be getting in the deprioritize zone.
But i don't think if LN will be changing all lot of the thing. May the blocksize increase can become the right way for that.
1 hour transaction are pretty much normal these days, before the fastest I have was 25 minutes but that was last 5 months ago now I consider 1 hour transactions to be fast. The reason may be because of an increase of Bitcoin isers who are sending money as well.
Nope, I have made a transaction yesterday and it just takes 10 - 15 minutes estimate. The increase of bitcoin user was affecting it.  But the recommended fees will always be prioritizing. The increase of bitcoin users was one from a lot of reason. And we need block increase.  Roll Eyes
sr. member
Activity: 1162
Merit: 258
1xbit.com
December 19, 2016, 01:46:05 AM
every time I do a transaction bitcoin is always fast i wait 3 confirmation done, if slow it may be because your wallet try with other wallet
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