Topic: BTC low fee taking days (or more) - page 3. (Read 4829 times)
imagine if fiat money had taxes that varied day to day and you had to wait 42 hours+ to be able to have it in your possession. people would be furious. what's happening here with bitcoin is greed followed + shady behavior.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
My experience before in the blockchain, I do transaction in the electrum then I adjusted the fee into lowest fee, and I didn't expect I will wait for 3days before I received the confirmation. So after that traumatic experience of mine, Lol I always make the transaction to the maximum fee.
You can use the bitcoin accelerator,at least give it a try,I got my confirmation faster that way.Anyway,yeah ,BTC transactions are taking longer and longer to confirm and that's the kind of reality we have to deal with,either pay the big fees or wait for days.There's no way around it-the choice is yours
That's the sixty-four thousand dollar question, mate. Find an answer to that which everyone can agree upon, and you're the next Satoshi Nakamoto.
Used https://pushtx.btc.com/ to accelerate the transactions, everything is confirmed now.
the problem with cores idea of fee's is not controlled by code..
kind of funny that devs removed code rules.. yes version 0.14 has totally removed the priority mechanism.
yes the priority mechanism wasnt any good as it just favoured the rich more then the poor in its formulae. but they never bothered to actually be real devs and envision a new formulae that actually does help solve the issues that causes the problems and also havnt been code devs to treat people more fairly rather then act like banker economists that punishing the innocent aswell as the malicious with the stupid 'just pay more' empty minded mindset..
so to save me re-writing what i have already wrote
kind of funny that devs removed code rules.. yes version 0.14 has totally removed the priority mechanism.
yes the priority mechanism wasnt any good as it just favoured the rich more then the poor in its formulae. but they never bothered to actually be real devs and envision a new formulae that actually does help solve the issues that causes the problems and also havnt been code devs to treat people more fairly rather then act like banker economists that punishing the innocent aswell as the malicious with the stupid 'just pay more' empty minded mindset..
so to save me re-writing what i have already wrote
I really need to trawl deeper into the depths of btc, as I had looked for a thread on this topic when I noticed priority mechanism was removed. I'd thought only it was left out of tx info as the estimated time of confirmation was inaccurate.
On the base of it, prioritising txs that are lean and low frequency sounds like a great idea - but then certain users (let's say faucet owners even) might feel unfairly punished by that. Personally, I spend very few times and I would probably fall under high priority under that proposed new mechanism although I rarely need things to be paid instantly.
Perhaps if there were a way for the mechanism to also allocate a user a predetermined "priority allocation" that would allow a user to signal for high or low priority, and use up or accumulate this allocation.
I don't know how far your proposal's gone up, but it's a very good one. I don't foresee confirmation time becoming a worry for me just yet but it is a major hindrance for btc adoption.
Well,there is no way around it now,either have to pay high fees or wait,and I choose to pay the high fee so my transactions gets through faster.But I agree that it gets annoying having to wait for days
Yeah right? The transactions fees that we are paying each transaction is not that high, maybe this folks that are complaining about the transaction fees are just doing FAUCET to earn bitcoin, which, their earning is really not that big compare to us who are doing signature campaign.
So, the only one way to stop their complains about this issue is to stop doing FAUCETS because it is really a waste of time if you can do something else that you could earn bigger amount so you will not be mad about the transaction fees, simple as that.
Clients that can help determine how much fee to send is on the right track. Like electrum new version with the sliding bar. If client looks at pending bitcoin transactions and gives best estimate. I personally have no problem sending higher fee for the higher price Bitcoin goes. It will always be cheaper than PayPal! 
Don'the use electrum wallet. I put the slider to max and I have max fee unconfirmed for 48 hours. It's not because the coin is held up before. It has over 300 confirmations coming into the wallet.
I think i'm done using BTC. It is too unreliable.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I believe bitcoin foundation or the dev will need to make a decisions on this as prices are surging very rapidly and we need to get ready to welcome more number of adopters and hence bigger blocks might be the right solutions and we are going to experience them very soon.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
There are just spams transaction that going on affecting the transaction. Transaction of multiple accounts with just .0001, with no actual reason. Maybe someone trying to bring down bitcoin.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds.
On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well.
What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic.
Yep, huge backlog. Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up.
Exactly, everyday there would always be a network traffic and upon checking there is a constant of 81800+ transactions and keeps on growing. And miners will always have longer time before confirming all of those.
Good news is that the difficulty change should happen today. So soon the big boy miners will ramp up their equipment again, very soon.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds.
On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well.
What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic.
Yep, huge backlog. Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up.
Exactly, everyday there would always be a network traffic and upon checking there is a constant of 81800+ transactions and keeps on growing. And miners will always have longer time before confirming all of those.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds.
On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well.
What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds.
On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well.
What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic.
Yep, huge backlog. Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up.
blockchain probably getting flooded again
I believe so, but didn't we expect this flooding? What were the core devs doing? It must be fixed soon because this delayed confirmations aren't a good sign for bitcoins global acceptance.
With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
Its so unfortunate that things had to degenerate to this level but the real fact is that there are no two ways around it. In as much we are happy that the price is increasing, and we are making more money then we should also be ready to pay more to the miners who makes this bitcoin available for us as well as the wallet providers who will have to do more in protecting our funds for those who have some funds kept there.
I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again.
I guess most of us encountered this kind of problem especially those who uses 0 transaction fee. And so if you do not want to wait for long pay a high amount of bitcoin and so your money will be process fast, it is implied to everyone.
I think because of rising prices btc, so some people charge money becomes larger, so they have scaled back expenses, which makes the transaction becomes slower, and when people do this series, the network can not mesh transactions processed quickly, leading to congestion. I think, all of us should spend a period of moderate fee to perform transactions faster, in addition, we need a new technology to be able to perform transactions smart and easy, convenient further benefit
Clients that can help determine how much fee to send is on the right track. Like electrum new version with the sliding bar. If client looks at pending bitcoin transactions and gives best estimate. I personally have no problem sending higher fee for the higher price Bitcoin goes. It will always be cheaper than PayPal!
we do not need to push the fee war today
You make a valid argument as to why the pools don't care about the fees right now, but then when will do the care about fees. When do we need to push the fee war?any time between 2 decades and a century.
by which time those blockstream employees hopefully have moved on to hyper ledger and gave up spoiling bitcoin. to allow real onchain NATURAL and rational scalable growth which will allow more REAL transactions onchain via native transactions without centralisation. so that instead of 10 people paying $$$$$ every 10 minutes. its thousands of people paying pennies to total $$$$$ every ten minutes.
and dont let people start telling you about gigabytes by midnight or visa by noon. as those are 2 year old fools fearing fools scripts that have been shot down.
natural growth over time should not be stalled today and baited with crappy one time gestures of empty promises.
natural growth done by the nodes selecting what they can cope with so that the nodes dont suffer is far better than being spoonfed by devs with one time gestures that dont solve anything but push blockstream centralistic commercial services
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