Topic: BlockChain So Slow to Confirm (Read 6096 times)
The blockchain for you is so probably because you paid a really low transaction fee and the txn is stuck. Download Afterburner from Samourai Wallet and it will boost those txns through.
Slow confirmation is going to be a thing of the past very soon. One needs to be patient sometimes however when sending payments over the network
It's normal before and still sometimes happening, there's a congestion so if someone is not too patient to wait for his transaction to get confirmed then pay better fees. It's the only way to avoid the slow confirmation of the miners, once you have set your fees to higher priority you'll be in the queue immediately and wait for a couple of minutes that will be confirmed. Sometimes paying higher fees is worth it when you're in a rush.Yes transactions are ensuing pending October 25 and so it is expected that there are going to be many unconfirmed transactions and so i will urge all to be patient rather than take the advantage to ridicule bitcoin at this time.
Slow confirmation is going to be a thing of the past very soon. One needs to be patient sometimes however when sending payments over the network
It's normal before and still sometimes happening, there's a congestion so if someone is not too patient to wait for his transaction to get confirmed then pay better fees. It's the only way to avoid the slow confirmation of the miners, once you have set your fees to higher priority you'll be in the queue immediately and wait for a couple of minutes that will be confirmed. Sometimes paying higher fees is worth it when you're in a rush.Yes transactions are ensuing pending October 25 and so it is expected that there are going to be many unconfirmed transactions and so i will urge all to be patient rather than take the advantage to ridicule bitcoin at this time.
Slow confirmation is going to be a thing of the past very soon. One needs to be patient sometimes however when sending payments over the network
It's normal before and still sometimes happening, there's a congestion so if someone is not too patient to wait for his transaction to get confirmed then pay better fees. It's the only way to avoid the slow confirmation of the miners, once you have set your fees to higher priority you'll be in the queue immediately and wait for a couple of minutes that will be confirmed. Sometimes paying higher fees is worth it when you're in a rush.
Slow confirmation is going to be a thing of the past very soon. One needs to be patient sometimes however when sending payments over the network
100% correct.
0-conf has always been double spendable. There are ways to reduce the risk through well-connected nodes and miner cooperation, but that increases centralization and still doesn't eliminate the risk. In Bitcoin, solutions that aren't cryptographically secure aren't interesting.
The "0-conf is good enough for my cup of coffee" argument: I don't think that your daily coffee transaction needs to be on the blockchain. I don't think that every node in the entire network needs to process, verify and store your coffee transaction until the end of time. This just doesn't scale on a broadcast network like Bitcoin as we get closer to global adoption.
The blockchain is a shared resource that needs to be small enough to avoid centralization, it cannot possibly store everyone's coffee, uber ride, cinema ticket, bubble gum purchase. The correct (and only) technical solution here is to bunch up your 1000 coffee transactions, 500 uber rides, 500 fast food payments over the past year and settle them cryptographically on the network, which exactly what LN does. As a plus you also get secure instant transactions.
With that said, block size will have to be increased eventually - but not by BTU, it's a terrible and insecure piece of dog poop.
0-conf has always been double spendable. There are ways to reduce the risk through well-connected nodes and miner cooperation, but that increases centralization and still doesn't eliminate the risk. In Bitcoin, solutions that aren't cryptographically secure aren't interesting.
The "0-conf is good enough for my cup of coffee" argument: I don't think that your daily coffee transaction needs to be on the blockchain. I don't think that every node in the entire network needs to process, verify and store your coffee transaction until the end of time. This just doesn't scale on a broadcast network like Bitcoin as we get closer to global adoption.
The blockchain is a shared resource that needs to be small enough to avoid centralization, it cannot possibly store everyone's coffee, uber ride, cinema ticket, bubble gum purchase. The correct (and only) technical solution here is to bunch up your 1000 coffee transactions, 500 uber rides, 500 fast food payments over the past year and settle them cryptographically on the network, which exactly what LN does. As a plus you also get secure instant transactions.
With that said, block size will have to be increased eventually - but not by BTU, it's a terrible and insecure piece of dog poop.
yeah why is the blockchain so slow now with this past 5days that happening. I might giving a higher fees but it still not confirm within just an hour i don't know why or is it the effect of the china FUD lol
What do you care about this topic? I think it has sunk for a long time, but you are making it up. It really is an ineffective article.
If you don't pay high fee for your transactions, wait 2/3 days for confirm. Shame on you miners!
The miners want 2x. Shame on the assholes at Core. Shame on Adam Back, nullc, and all of the Blockstream dicks.
Back to 4,000
End of the slowdown
End of the slowdown
32,000 now... I know there is a crash but still...
It is happenning again...more than 4 hours my transaction started and still not confirmed!
From what I see here
https://blockchain.info/fr/unconfirmed-transactions
I should not be the only one as there were 10,900 tx not confirmed few hours ago and now there are 22,400 !
Anyone in the same situation?
From what I see here
https://blockchain.info/fr/unconfirmed-transactions
I should not be the only one as there were 10,900 tx not confirmed few hours ago and now there are 22,400 !
Anyone in the same situation?
you have to accept it or increase the fee. The prices are very high and you have to understand that this is the high time for everyone to trade, sell, buy their Bitcoin. There are likely a million transactions every day and if you want your transaction to be confirmed, you have to increase the fee per byte. Currently, I always sent my Bitcoin with the fee from 100k sat and above
This case has been several times happened to me and one of my friend here always telling me that I must adjust the rate of the fee in the transaction which I made. But the question is I don't know what to do of how am I gonna adjust the low fee going to high fee's or increase the fee.
Actually this are the problems or complaint most in blockchain. A very slow to confirm the transactions, it took more than 24 hours to received the bitcoins. I think this has been already addressed the issue by the blockchain problem because many users are been complaining already.
I tried 0.00015 btc fee but it was UNconfirmed more than 1 day, therefore I had to use the accelerator, the transaction is so slow, we need scale.
Next time at least use 0.001. The fees are going insane.
Or try to put 222sats/byte but if you want your transaction confirmed soon try putting at least 0.001 because we cannot determine the size of the transaction before.
I tried 0.00015 btc fee but it was UNconfirmed more than 1 day, therefore I had to use the accelerator, the transaction is so slow, we need scale.
the fee for transaction has been increasing lately and it's twice then a year back, for someone who might not notice they will just use the old fee that they usually submit and the result they will get slow transaction, always check the fee per byte if you want your transaction confirmed fastly
I tried 0.00015 btc fee but it was UNconfirmed more than 1 day, therefore I had to use the accelerator, the transaction is so slow, we need scale.
This is very clear, it is showing the backwardness and trouble of the blockchain, it can not meet the needs of the current market, what we see is its disrespect. I think that if it does not take measures soon enough, people are forced to choose technology change measures, in other words, people will use a new technology more advanced, fast and convenient. than. I am sure of that. But I hope, a remedy will be proposed, and every problem is solved
It's a problem for us of all. My payment has been stuck for hours and I have paid 111sats/byte which is not small fee at all. Now what should we do? Looks like bitcoins is turning into Paypal-2 which requires more fees.
It wont turn out to be like paypal-2 since basing on the fees compared to the current fees of paypal i could say they are far awat stretched to compare. I dont know actually what would be the exact thing should do to solve this slow confirmation and addition of fees on each bitcoin transaction.This is the common problem which all bitcoin users do experience as of now.Have you seen the fees people are putting into transaction? I have seen many people who paid 1 btc for there transactions.
I have been putting more then normal/recommended fees but still my transaction get stuck for several hours.
We need a solution for this otherwise we are done.
to solve problems like this we have to provide a large fee in each transaction. This is the only possible way to accelerate the delivery of bitcoin transactions. everyone is currently experiencing the same problem.
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