bitcoin transactions - Slow OR Fast - page 9.

TastyChillySauce00

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Quote from: carlisle1 on December 19, 2016, 01:28:15 AM

Quote from: Mastsetad on December 18, 2016, 12:55:00 PM

Quote from: Mr.grin on December 18, 2016, 12:46:19 PM

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

yes, bitcoin has the fastest transaction and I've feel it the last time that I've sent my coin from exchange to my personal wallet and it only take less than half hour although bitcoin might also take an hour before the confirmation has finished because of too many transactions to be processed at least it is not usually occur not like with other processors they might take a couple of hours before you will totally received the amount of you've transacted .

Well, mention to me which payment processors other than bitcoin which take a couple of hours to be done. As far as I know other payment processors such as PayPal or debit card will only take about 5 minutes to make the transaction done including filling up the required data /or log in if you were using PayPal. Even bank transfers are now very instant

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Quote from: Mastsetad on December 18, 2016, 12:55:00 PM

Quote from: Mr.grin on December 18, 2016, 12:46:19 PM

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

yes, bitcoin has the fastest transaction and I've feel it the last time that I've sent my coin from exchange to my personal wallet and it only take less than half hour although bitcoin might also take an hour before the confirmation has finished because of too many transactions to be processed at least it is not usually occur not like with other processors they might take a couple of hours before you will totally received the amount of you've transacted .

apriloni

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bitcoin transaction is much faster than other payment service because i mostly use bitcoin for online transaction and i think maximum bitcoin for online shopping than other service and bitcoin is acceptable in everywhere for online shopping.

Mastsetad

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Quote from: Mr.grin on December 18, 2016, 12:46:19 PM

I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

One hour is very less to be said for other payment processors except bitcoin, because even bitcoin transactions take that much time sometimes and bitcoin is said to have the fastest transactions in payment processors so others would probably take more time then that.

Mr.grin

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I realized, after comparing with the bitcoin transaction speed blockchain, and others, I think the speed is very fast bitcoin transactions. Well, we just need to wait a few minutes until we could use bitcoin we send. Well, if you use another payment processor, it may take more than one hour so that we could use it.

carlisle1

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Quote from: Positid on December 14, 2016, 11:47:26 PM

Quote from: carlisle1 on December 14, 2016, 11:13:27 PM

Quote from: Mastsetad on December 14, 2016, 12:57:18 PM

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.

well it's great for you because some of us experienced a very delayed transaction before including me it was 8 or maybe 9 months ago when I am about to received a certain amount of satoshi it took almost 1 hour and 30 minutes Grin

but I am not bothered at least the process is ongoing there's nothing to worry about except if you need to rush Grin

The important here is as long as we receive our bitcoins with the right amount then it's not a big issue of delays. In fact, we are only seeing the disadvantage of using bitcoin but we failed to consider it's cheap transaction fee.

yes of course that is the most important thing that we should consider with bitcoin no matter how delayed the transaction is as long as it is already processing we will still be receiving a right amount later on and that's what we should keep in our mind . I know that the transactions with bitcoin is not always stable in fast processing but I Hope it will be improved in the near future .

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Quote from: KouseiArima on December 18, 2016, 12:51:40 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.

Faster transaction is what we are looking and sometimes we cannot control the situation since due to huge transaction of bitcoin the network will be busy and that will cause a delay of transaction, but despite of that, it is not the main or major problem of bitcoin.

KouseiArima

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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.

Harlot

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Quote from: shinratensei_ on December 18, 2016, 12:03:05 AM

Quote from: dhampir-D on December 17, 2016, 07:39:52 PM

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.

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Quote from: dhampir-D on December 17, 2016, 07:39:52 PM

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.

Shady

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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.

dhampir-D

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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.

mrkevio

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Bitcoin transactions speeds depend on the demand and on the fees you're going to input. The more transactions per second (or better said, per block) and the smaller the fees you're going to input when you're going to send them, the slower the transactions will be completed. We've experienced a few times problems like blocks remaining behind the network or thousands of unconfirmed transactions.

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Quote from: Ayers on December 17, 2016, 01:27:46 PM

Quote from: Shary on December 16, 2016, 09:57:49 AM

i think they will find a solution to make all the transactions fast. to save the costumers time..maybe in the futur but not now

there is no need for htis, bitcoin transactions are instant already, the only thing needed is a way to tell the merchants that he/she will have the money no matter what, a insurance, like visa and mastercard give to their merchants, fiat money have 180 days of confirmations, so they are far slower, but because merchants can trust them they are seen somehow instant

yes no doubt that the of transaction of bitcoin is very good, but the conformation message take a little more time, i think it is not such a big issues, that can be solve easily if the authority give some attention to that problem.

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Quote from: Daniel91 on December 17, 2016, 12:55:14 PM

If you asked this question a week ago, I would answer that Bitcoin transactions are very fast, usually 2-3 hours.
But, last week I tried to send bigger amount of BTC and was stuck for more than 24 hours.
I was in hurry to send this funds a.s.a.p and this situation made me very nervous.
So, it seems that bTC transactions can be both slow and fast, depend of each transaction, amount, transaction fee, miners, period of year etc.

The fee and the byte site are the most important aspects where you have to point your focus at. Especially when you know how picky pools are when it comes to including transactions into their blocks. Their decision to include your transaction into their block is purely a financial decision. If your transaction has like 0.00015BTC in fees, but the byte size is sitting at +-900/1000 bytes, then pools will ignore your transaction as they can simply include like 4 or 5 transactions instead of yours, where they gain much more income through the fees tied to these transactions. It's not 2013/2014 anymore.

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Quote from: thejaytiesto on December 17, 2016, 01:06:55 PM

Quote from: Daniel91 on December 17, 2016, 12:55:14 PM

If you asked this question a week ago, I would answer that Bitcoin transactions are very fast, usually 2-3 hours.
But, last week I tried to send bigger amount of BTC and was stuck for more than 24 hours.
I was in hurry to send this funds a.s.a.p and this situation made me very nervous.
So, it seems that bTC transactions can be both slow and fast, depend of each transaction, amount, transaction fee, miners, period of year etc.

Did you try to send them with the core wallet? The core wallet always gives me a fast transaction using the recommended fee. I think there is a problem a lot of times with the recommended fee by certain wallets. If you use the core wallet you dont have problems but of course most average joes dont run nodes.

The problem is not the wallet but the default fee of those wallets, in my wallet the default was 0.0001mBTC/byte which was ridiculously low for the past week so it took 14 hours to get a confirmation, in my opinion the default fee should auto adjust itself depending on how busy is the network and how fast you want your transaction to take, like 30 minutes or 2 hours.

Ayers

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Quote from: Shary on December 16, 2016, 09:57:49 AM

i think they will find a solution to make all the transactions fast. to save the costumers time..maybe in the futur but not now

there is no need for htis, bitcoin transactions are instant already, the only thing needed is a way to tell the merchants that he/she will have the money no matter what, a insurance, like visa and mastercard give to their merchants, fiat money have 180 days of confirmations, so they are far slower, but because merchants can trust them they are seen somehow instant

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Quote from: Taki on December 10, 2016, 07:16:39 AM

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.

Hmm but actually when you are sure that they will pay then waiting a few days isn't a issue.
To everyone and anyone who might not know, guys you can spend a little extra as fees and get quick confirmations.
Moreover I think this is happening because more and more people are gambling and gambling sites use like 100-200 address per gambler and hence a lot of transactions.

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Quote from: Daniel91 on December 17, 2016, 12:55:14 PM

If you asked this question a week ago, I would answer that Bitcoin transactions are very fast, usually 2-3 hours.
But, last week I tried to send bigger amount of BTC and was stuck for more than 24 hours.
I was in hurry to send this funds a.s.a.p and this situation made me very nervous.
So, it seems that bTC transactions can be both slow and fast, depend of each transaction, amount, transaction fee, miners, period of year etc.

Did you try to send them with the core wallet? The core wallet always gives me a fast transaction using the recommended fee. I think there is a problem a lot of times with the recommended fee by certain wallets. If you use the core wallet you dont have problems but of course most average joes dont run nodes.

Daniel91

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If you asked this question a week ago, I would answer that Bitcoin transactions are very fast, usually 2-3 hours.
But, last week I tried to send bigger amount of BTC and was stuck for more than 24 hours.
I was in hurry to send this funds a.s.a.p and this situation made me very nervous.
So, it seems that bTC transactions can be both slow and fast, depend of each transaction, amount, transaction fee, miners, period of year etc.

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