Can we still say that BTC transactions are faster? - page 7.

Your Point Is Invalid

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Quote from: pariahbit on June 08, 2016, 10:13:25 AM

Quote from: merelcoin on June 08, 2016, 07:47:44 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?

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

You forgot to mention cash transactions. Zero fee. Instant.

Cash transactions are dangerous IMO, bitcoin transactions are the fastest, @OP if you need your transactions to get confirmed faster, then pay a larger fee

pariahbit

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Quote from: merelcoin on June 08, 2016, 07:47:44 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?

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

You forgot to mention cash transactions. Zero fee. Instant.

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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?

Maybe not, for now. Some in my transaction take a long time to reach a block confirmation. Some system in bitcoin needs to solved. Bitcoin needs to upgrading their system on confirmation, especially for bitcoin wallet providers.

merelcoin

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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?

Faster compared to what?
money transfers within the same bank => probably not
money transfers between two banks in the same country => don't know
international money transfers => yes

The fee depends on the size of the transaction, not the amount of coins being transferred. It also depends on the amount of unconfirmed transactions and the fees that were added to these unconfirmed transactions, the miners usually add the transaction with the highest fee to byte ratio from the unconfirmed transaction pool, so you'd better be in this category if you want fast confirmations Wink

.

In order to speed things up next time, you might want to check : https://bitcoinfees.21.co/
Calculate the size of your transaction in bytes, multiply by the fee the is recommaned by this page, and maybe round up a little bit, and you'll have a reasonable chance of getting added to the next block (not 100% tough!!!).

Also, keep in mind that the average blocktime is 10 minutes. This means that some blocks will be found faster, others will be found slower. It is well possible for a transaction to be added to a block after only 1 minute, while an other transaction takes 20 minutes, but they're both still added to the next block.

Posum578

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Yea somtimes it take long time to get confirmed even with 0.0005 fee
and also fee of sending bitcoin is too high when we send small like 0.001 with fee 0.0001 it take 10% of it

Superways

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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?

Topic: Can we still say that BTC transactions are faster? - page 7. (Read 3957 times)