Topic: btc is slow!! Confimations problem (Read 397 times)

It will not make a big difference as his transaction was probably already included in the miner's node at that time.
You'll know that it's all over the network the moment you can see it in all blockexplorers.

Rebroadcasting may be an option if the node where he broadcast the TX was connected to peers that didn't relayed his tx.

I'm going to ask a painfully obvious question here, has the OP tried to re-broadcast their transaction to the network?  If you're unsure how to, check out this:

[Guide] Broadcast Your RAW Transaction BTC & Alts coins https://bitcointalksearch.org/topic/guide-broadcast-your-raw-transaction-btc-alts-coins-1938621

And while Ethereum is more known for its centralization due to being controlled, Bitcoin is less likely to ever get centralized 100% because OP themselves claimed that he doesn't know who is the creator which means nobody controls BTC.


I believe OP was just trying to categorize between apple and oranges and forgot that both of them have got totally different properties. There's one simple thing OP didn't understand and that's, blockchain is not something that can be run by a single entity and nobody controls it but miners. If they're to send their transactions for immediate confirmations, high fees are likely to be asked because if you expect superb services, you should be ready to pay higher for it (well not in the case of BTC). And about waiting for 10 mins, even we can't say when will the next block arrive so nobody here can guarantee the time it may take to confirm. OP, you wanted it in next block, it may get into 2nd or max 3rd block but no later than that.

You came on a forum and said how much better ethereum was. What it makes up for in speed, it loses in security. One of their developers messed up some code and lead to a hack of several million, the same hasn't been done with Bitcoin recently.

10 minutes isn't a long time to wait and the problem was extremely simple, if it's costing you too much to move your coins between exchanges and wallets, why are you not just leaving your funds on exchanges while trading with them and instead sending them to and from blockchain.com... Generally the fees from the exchange are also more expensive than the fees to the exchange from blockchain are they not?

It's because the problem you experience is not a really a problem for most people. Confirmations sometimes take more than an hour because there are scenarios where miners finds 5-10 blocks in a row during the previous hour so putting a recommended fee isn't always enough to guarantee a confirmation in less than an hour.

Trolled,,??  Do I look like a troll??? 

There is problem if its slow its a problem!! 

Yeah getting smell kinda like that on his above reply and you got it right.

You guys haven't noticed that you're being trolled by OP? There was no problem to begin with.

bitcoinfees.earn.com over-estimates the fees, right now it suggests 44 satoshis/byte but if you check the Mempool size, which is not busy right now, you can surely use a ~20 satoshis/byte to get the TX in the next block.

Several times in the day, 1 sat/byte is enough and it gets confirmed quickly

As you mentioned that you are facing this situation when you are making transaction with exchanges and confirmations are slow. At first i wanna let you know that Sometime it happens because all those exchanges integrate their API to generate btc addresses for every single deposit or withdrawal. Every user get their addresses separately and that maintain a serial to be confirmed with funds. So usually single wallet addresses are much more transaction load-less than merchant API users.

You have to keep it on mind that time frame priority always depend on fees what senders are paying and without this system its not possible to handle millions of users transaction in one scale so swiftly. Making comparison with bitcoin and altcoin's transaction speed will not be a good idea if we just look at
worldwide btc users community.

the funny thing is that most of these altcoins are exact copies of bitcoin and they all inherit the fee problems of it but also since they have made changes they have made the problems even worse. for example ethereum network went down multiple times in 2017 that exchanges had to disable deposit/withdrawas for weeks each time. not to mention that fees went higher than bitcoin fees.
https://www.newsbtc.com/2017/06/21/ethereum-network-congested-exchanges-forced-disable-eth-wallets/

1 sat/byte is a low fee, i would like to recommend the service i use to know the right fees to use:

https://bitcoinfees.earn.com

On that site, we will see a graph with the current fees on pending transactions, and after the graph, they say the right fees we should use to get a confirmation in the next block:

Very simple answer the reason why these altcoins you mention above is much faster because only few people are using it compared to BTC(Traffic congestion).

If you don't pay a higher fee your transaction will place to low priority so those who pay high fees will be placed at high priority.

Do you think if ETH or other altcoins you mention above will not experience the same thing as bitcoin if more people use them?

You are paying a small fee in ETH, right? If you pay 0.001ETH for 1ETH we can consider it a small fee because the value of 0.001ETH in USD is around 0.19$. How about if ethereum value is the same as bitcoin value? What will be the price of 0.001ETH? it should be around $10?

So don't compare them because there is no difference on both BTC and altcoins

In order for Bitcoin to gain the speed of xrp, it would have to change it's confirmation protocol. Instead of competing mining pools, Bitcoin would switch to having only a handful of designated servers that can produce a block. With EOS, there is also a limited number of designated users that are eligible to create new blocks. In order for Bitcoin to obtain speed, they would sacrifice decentralization. BTC is not going to do it. There is no way that you are going to get any kind of consensus to implement such a drastic change. Now one could argue that BTC only has a handful of pools. However, most pools consist of many independent miners that can move their hash elsewhere, if they so choose. Also, it is true that ETH has unlimited blocksize and 45 minute blocks. However, with all of the smart contracts and token transactions, the blockchain is massive and is a challenge for most users to run their own node.
If an altcoin serves your particular needs better, then by all means switch to them. However, the way that BTC is currently set up and the current network logistics, it is the most secure of all of them.

Now, can you please share with us the transation id of your transactions so we can try to help you? I'm getting suspicious that there really is no transaction, and you are just using this as way to promote altcoins over BTC, or somehow suggest we need to overhaul BTC, and make it more like other altcoins.

I Can't afford everytime to pay high enough fee.
But how Come that xrp eos... Are faster.
And Ethereum too...
How Come btc has so great value and hype? 
But confirmations Still slow if u Don't pay higher fee!


Bitcoin can borrow Something from xrp  wich is speed

It's doubtful they will find a solution to the problem other than using second layer solutions like the lightning network and altcoins like litecoin and ethereum.

It would be quite damaging to change the block creation time for less than 10 minutes as a lot of elements of it would have to be changed such as a block reward fee given to miners that offers inflation to bitcoin... Also it means that the chain remains a reasonable size and isn't terabytes for those who want to support the network.

I normally send transactions at night so I can wake up and have them confirmed, or just find something else to do while waiting for it to confirm. With a high enough fee it will confirm within 10 minutes anyway so it's not too long to wait.

The current block height is 591004 while Coinb.in thinks that 590168 is the latest block. Thanks for pointing this out. Electrum also suggests 1 sat/byte fee with mempool based estimation.

I send mostly to exchanger in and out!
Out is always faster if in.


When They gona fix the Problem?

Where are you sending these funds to. If it's to people, you could try to convince them to use the Lightning Network instead and then your transactions will confirm in a second once you send them.

Alternatively, litecoin has a new block every minute and it's chain is pretty small (as apposed to the ethereum chain which I think was about a terabyte in size a few months ago...

When most transactions are made via banks, you can expect a delay. With mine, if I send to someone else it takes 15 minutes for the transaction to go trhough. With bitcoin if you pay a high enough fee it will go through in 10 minutes (but you don't need to do that unless you're in a rush).

If you use electrum, when sending your funds from it, you'll have a bar on the send tab that allows you to drag it across between 1, 2, 5, 10 and 25 blocks which you can use depending on how fast you need the transaction to go. If you make it lower, it pulls the fees down for the rest of the users of bitcoin and yourself so it makes sense if you're not in too much of a rush.


I sent a 1 sat/byte transaction earlier and it's 9mb from the tip at the time of sending (9 blocks).

Aghhh???
Can u explain by simple English language?