Topic: BTC low fee taking days (or more) - page 5. (Read 4829 times)

Well let's all wait for the approval of segwit and see if it can put this problem to bed. It's been trending for quite a long time and I know everyone is interested in getting the delayed confirmations behind us so that we can have a workable Bitcoin with fast confirmations.

I really don't mind if the fees goes up. Its normal together with the price of bitcoin so expect that to happen. And with your transaction many are suffering with the delay and unconfirmation of their transactions. The reason why you are experiencing that because of the network traffic and volume of transactions at the same time.

blockchain probably getting flooded again

It is not that bitcoin is unreliable, this is the way it is supposed to work, but some measures are being taken to try to alleviate the problem but it is doubtful if the solution is going to be activated and even if it is, I may not solve the problem completely.

you are aware that fee have an average of 36k satoshi now? a tx that has a height of 226 byte require that amount of fee

they should really add to core the amount of fee you need to pay currently/based on the size of the TX) to not get stuck, the autofee is usually too high and the standard is too low

with accelerator you can usually go away with half of the fee, which is very convenient

I don't think has to do anything with the price of bitcoin.
I suppose that somebody is sending countless spam transactions.
To what purpose I do not know, either to support an increase of the blocksize, or to increase the amount of fees. Or to discredit bitcoin.
But I am relatively sure that the pure number of transactions are not caused by the natural growth of th bitcoin community.
And when there are many transactions, those with the highest fees are handled first.

these two aren't right together. if price was $3000 you should be paying less amount of fee. because the only purpose of paying fee should be to pay the miners for the work they are doing and if price were $3000 that would have meant miners were earning 12.5BTC * $3000 = $37,500 and that is at least 5 times what the cost of mining is for them.


it is fee war!
sadly, there is spam attack but we -as users- are increasing the fees by competing with each other and there is no stopping that because you can't convince everyone to pay the same fee, every single person wants his transaction to be confirmed faster so they pay higher fees than the last person.

Well if you only want to send .01 BTC $3-5 is rather high.

Although this is still true, it's a race into higher fees now. Most wallets use "dynamic fees", which means they adjust the fee to whatever fee is best at that moment. Since most wallets do that, they keep increasing fees.
In the end, we all pay more, and we're all still waiting, as blocks are still limited.
Fees are now spiralling up very fast. A fee that was more than high enough a week ago is now already too small to get a confirmation within 12 hours.

I fear this holds back Bitcoin indeed. How can it grow if more users only means we can make less transactions per person?

If we all do that, it won't be enough anymore by next week. Paying more doesn't solve a scarcity problem, it pushes the poorest off the market.

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.

If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i would be sooo much richer......

Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing.

Similar such service has come to use because of the ongoing delay in transaction confirmation. This will be effective for few transactions after which it cannot make the transaction move forward in the priority list of faster confirmation transaction. But this works giving at least a small time variation in normal mode of confirmation and using this.

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

So you know that tx with low fees dont work, yet u still want to transact without paying fees?

Pay higher fees. You should pay $1-3 per tx these days.

The Bitcoin Core developers already have implemented Segwit, but less than 30% of the mined blocks are signaling Segwit support. In order for Segwit to get implemented, it needs 95% of the mined blocks to signal Segwit support. Segwit would effectively decrease the amount of bytes for each transaction, so they could squeeze in 70% more transaction in a block. Unfortunately, the two biggest pools are not signaling support, as well as many others. These are Antpool and F2pool. It appears they are sitting on their hands, because they stated they would only accept Segwit if the Core developers also made plans to do a hardfork to increase the block size.
There is also Bitcoin Unlimited that some pools are supporting. My eyes glazed over when I tried to understand their faq, but basically it would let miners vote on what block size is best, and the majority wins. (I guess?) Antpool nor F2pool won't go for this either because they want the hardfork to come from the Core team, I guess.

So, to answer your question, there are solutions out there. However, a consensus cannot be reached. So for now, you need to hurry up and wait.
For now, you can try to submit your transaction to the transaction accelerator at VIABTC.com's pool. https://www.viabtc.com/tools/txaccelerator/ If you can successfully add your transaction, (they only take about 100 per hour), they will include your transaction in the next block or two. They have been hitting about 10+ blocks per day lately.

Someone has to intervene before this confirmation turn out to be a big issue. Confirmation of transactions after 20 hours is annoying and frustration. Though we understand that low fee slow confirmation something has to still be done about it.

I have the same problem with one transaction.20 hours and still 0 confirmations.
This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000?
We will have to wait for more than a week for a transaction to be confirmed.

Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Or use this https://www.viabtc.com/tools/txaccelerator/
Dont know if its effective because i haven't tried this before. Let me know if its effective. Guess we dont have much choice. We need to higher our fees to make faster. Hope they fix this.

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.