Can we still say that BTC transactions are faster?

topiOleg

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Quote from: YTBitcoin on June 22, 2016, 11:46:58 AM

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.

I believe bitpay is ok with zero confirmation transaction, at least last time I used bitpay it was this case. So 15 minutes to create transaction is enough.

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Quote from: crairezx20 on June 22, 2016, 11:36:34 AM

I think paypal still fast in transaction if you compare the speed of the transaction bitcoin transaction it takes 10 minutes before you receive..

Wrong. Transactions take 1-3 sections usually. Confirmations take 10 minutes on average.

Quote from: YTBitcoin on June 22, 2016, 11:46:58 AM

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.

Then stop being cheap and include the recommended fee.

Quote from: asriloni on June 22, 2016, 11:59:06 AM

it's called bottleneck when there's so many unconfirmed transaction but the block only 1mb

Even if the block size limit was 1 GB it can't be helped. Certain entities would bloat the blockchain with spam occasionally.

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Quote from: YTBitcoin on June 22, 2016, 11:46:58 AM

Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.

it's called bottleneck when there's so many unconfirmed transaction but the block only 1mb

YTBitcoin

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Nowadays the transactions of bitcoin are taking much longer time which sometimes become irritating when you need money urgently, and on bitpay while paying for a service it will be a problem, because bitpay wait only for 15 minutes for the first confirmation.

crairezx20

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Quote from: romero121 on June 22, 2016, 11:31:24 AM

Bitcoin transactions were truly faster compared to any other sources that are being used by various people according to their own convenience. Within a short time transaction happens as a unconfirmed form but confirmation takes place in a short or too.

I think paypal still fast in transaction if you compare the speed of the transaction bitcoin transaction it takes 10 minutes before you receive.. unless if you are in the same company wallet you can receive the bitcoin fast.

romero121

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Bitcoin transactions were truly faster compared to any other sources that are being used by various people according to their own convenience. Within a short time transaction happens as a unconfirmed form but confirmation takes place in a short or too.

dearbesz1219

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definitely yes! bitcoin transaction are truly faster. Maybe the transaction is being delay only if the net connection is very
poor so the confirmation in the email is not arriving at once.

dearbesz

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Bitcoins transaction are faster compare to other transaction that i did before,
though sometimes it takes long time to wait before the confirmation arrive in my email..

reRaise

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Yea after 1 confirmation.

Rizky Aditya

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It really depends on the fees that you use. If you use like 10k satoshis it might take longer than if you used 50k satoshis. I don't really think that the speed has improved.

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Quote from: Edwardard on June 08, 2016, 11:40:44 AM

Quote from: Superways on June 08, 2016, 07:40:26 AM

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

bitcoin transactions are very fast. just add 0.0001 btc fee per kilobyte and it will confirm in 15-20minutes or even faster than this. if it is not confirming then we can say that u have not spent enough fees.

I have tried this way and sometimes the problems is come back and waste all of my time only to wait for block confirmation. Does bitcoin need to improve their system on the transaction for now?

dearbesz1219

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not all the time that BTC transactions are faster,..
in my experience sometimes it delayed too much
before the confirmation send to my email,..but sometimes it is faster,

ardentvolcanoes

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Quote from: Viyamore on June 12, 2016, 04:56:52 AM

For me i can say transaction when in comes to bitcoins is not that too fast because always it needs confirmation it fakes 20-30mins when i am transfering in my wallet.and other transactions too.

yeah the transaction has so many confirmations before you received it to your wallet well the good thing is it only take an hour before it goes to your wallet but it will be great if it is the same with the others they only have few confirmations for those huge amount transaction how about bitcoin will be like that ? Grin

Viyamore

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For me i can say transaction when in comes to bitcoins is not that too fast because always it needs confirmation it fakes 20-30mins when i am transfering in my wallet.and other transactions too.

wuvdoll

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Quote from: useless4 on June 11, 2016, 08:43:56 AM

of course bitcoins transactions are the fastest you just have to include the correct amount of fees

Yes I too think it is fast in terms of sending payments, I have not encountered any difficulties ever since I use BTC as a means of payments. It might happen some times before when there was a stress test on bitcoin network.

Just put a little of 0.0001 btc as fees and it will not find any hassle in making faster bitcoin transactions within next 10 minutes.

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Quote from: Superways on June 08, 2016, 07:40:26 AM

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

bank transactions and other methods often take days and are more expensive.

especially if you want them to be international and/or if you want to send very large or very small amounts.

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Quote from: Foxpup on June 11, 2016, 08:28:03 AM

That's because it only ever applied to free transactions, which miners are indeed moving away from. Core still prioritises free transactions this way when mining, but you need to change the default settings to allow free transactions in the first place. Most miners don't, but since some do, this is what determines whether a particular free transaction will take several days to be confirmed or never. It's probably better to just pay the recommended fee than to rely on this behaviour, though.

So my assumption was correct, thank you for the information. The times of 'free transactions' are behind us.

Quote from: shinratensei_ on June 11, 2016, 08:33:48 AM

It's not delayed because of that's always repeated and waste my time only to wait for clock confirmation, I hope there is a way about this problem.

This does not make sense.

Quote from: shinratensei_ on June 11, 2016, 08:33:48 AM

Wait for LN project to solve this problem.

LN is not trying to solve "this problem". One could argue that it will be able to provide near instant transactions (only after you have locked funds) since it doesn't require confirmations.

Quote from: vindicare on June 11, 2016, 09:02:10 AM

I would say its average because we can't compare it to paypal as paypal is proven and tested while BTC is presently progressing and is not well maintain as paypal.

Nonsense. Bitcoin is proven and tested as well and has better "network health" (the up-time is 99.990285451% according to the website that tracks this).

partysaurus

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Quote from: Superways on June 08, 2016, 07:40:26 AM

Can we still say that bitcoin transactions are faster?
I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.

what do you say about the transaction timing?

still faster then banks on saturday and sunday.......... love having to wait 3 days before i get my money sending to another bank in the same country.

A.L.I.V.E

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i think for now bitcoin is better than the other payment because bitcoin transaction very simple and not really need to do some verification , waiting for review , etc

vindicare

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I would say its average because we can't compare it to paypal as paypal is proven and tested while BTC is presently progressing and is not well maintain as paypal. When I compare money transfers between two banks in the same country I would say we just have to wait for just a minute to see our transfer reflect to our ATM but I think its not hours compared to BTC. We have this pawnshop at my country (better not to say) that it is instant as long as the sender would send the code to his receiver and can withdraw the money to any outlet of it.

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