Topic: Confirmations are getting faster ? (Read 3061 times)

I experienced slow confirmation two days ago. That could huge delay in my online shopping. I will receive goods two days later.

there's a huge build up in the mempool recently which is causing confirmations to be slow is this an attack on the network to slow down confirmations? looks like mempool is normally not this big

see https://bitcoinfees.github.io/#1d

Blocks with the current difficulty are found just a little sooner than 10 minutes on average (according to bitcoinwisdom). Most likely that OP was using a wallet that amidst the recent influx of transactions predicted fees generously this way giving his transactions great chances at being confirmed ahead of others.

Bitcoin has a lot of press at this point and a lot of technical people already know what it is and have decided to buy in or not but we are still seeing growth.
we can see  a steady and significant increase which over time appears to show exponential growth.

I think in your case it's pure luck but blocks are indeed being found quicker than months ago.

Just look at for example the time where the block halving will be completed.

Months ago the expected halving date was more towards the end of July and now it's projected to happen on July 10.

Yes, it's highly variable and dependant on the size of the tx queue. That was the motivation behind BitcoinQueue.com, so we can understand the fee price market and confirmation time implications.

For me , I think the confirmations are not really getting faster,  it's on the opposite side as for me Because before, everytime I transfer .01BTC it only took 2 to 10 min before my transactions are confirmed by the blockchain but it when I transferred a while ago it took more than an hour. Well I guess there are a lot of factors to consider in measuring the time before our transactions were confirmed.

whether sending small or big amount is not going to give affect unless the miner fees you written down/you pay is enough,try sending 0.015 BTC with 0.01 fee and you'll feel the difference

I guess it was just luck. Sometimes this happen with me also. My transaction has got confirmed within minutes.
With my study, when additional hash power are added to bitcoin network, that will boost up block generation till next difficulty change. Your transaction was just entered into a block, as frequent block generations.

Yes i think the confirmations are getting fast base on my experience last few hours.
Hashocean everytime while i recieving my payout it took 15 - 20mins but lately it takes only 5-10 mins.
And last day i send money to my friend then it takes only 1-2 mins i think. very fast.

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Opposite with mine because yesterday I transferred .015 bTC to a certain account and before it was confirmed it took 2 hours but before it only took 2 to 10 minutes. Maybe you just deposited a smaller amount that is why it is confirmed immediately.

I think that it's entirely dependent on the time of day, when the network isn't congested it goes a lot faster.

I also experiencing it sometimes it can happen in 2 minutes and sometimes it takes longer also it depends if you are transferring your funds in the same wallet company just like you are using coinbase and you have a second account and you send your funds to your second account i think it takes short time if you just send in the same  company wallet..

If you are meaning why I think that miners will have a more difficult time with this halving than the previous halving; then I just meant that typically (I would think) that a good bit of big time miners that pay a lot of electricity costs and whatever to keep that "business" running full speed is going to have a tougher time keeping up with the costs... hence we get back to the centralized mining debate, and whether you believe that to be a big deal or not in terms of people losing out on a lot of money, there will be that initial period of time where the hashing rate will be pretty low, considering people are going to be exchanging bitcoins all over the place with the speculation running rampant.  ... So if we got a lot more bitcoins flying around and initially have less hashing power due to some miners (who brought a lot more hashing power than your typical 2012 miners did at the time) inevitably having to leave; then we will have potential a (maybe short) vulnerable point in time where the network security and effectiveness is going to be hurt...

Now whether people care about it and continue to pump money into it in the mean time is one thing.. but you can't tell me that there are just as many tx's going around as there was in 2012. More demand in bitcoin means more demand in hashing power.

... but again, it's all speculative. I don't claim to know that this will happen, it's just how I view things.

Edit: I know I don't have a vote, and no one told me that... I just think that since it's a P2P cash system that relies on people getting involved and hosting nodes, and etc. should mean that I should have a say in something. I know that would be ridiculously hard to set up and everything... but having the most powerful and influential people in this little economy we got set up controlling how everything works in the community is something I didn't sign up for, if I wanted that I would have just stuck with fiat.

Um, what's the reason why you're insisting on full rollout before the halving? Nothing like that accompanied the previous halving? Is it a technical reason?

And who told you you have a vote? You don't. It doesn't work like that.

And the probability of this "roadmap" being completed before halving is probably somewhere close to zero.  Idk, the whole Bitcoin political system has really irritated me to say the least... big time miners and devs are the only people who have a real say in what goes on. I mean is that right? I don't think so... but my vote doesn't matter. Just makes the community less involved IMO.

What struggle? There are multiple stages to the scaling roadmap, and they only passed stage 1 pretty recently. The self-styled "competing" "ideas" have had much, much longer to convince the community of the credibility of their plans, and they got nowhere close to their target (which was much more modest, aka dangerously lower, than Core's activation threshold). The only struggle has been that of the corporate-media pumped Bitcoin Judases.

I don't really know but my confirmation today take 10 minutes as usuall, it would be greate if confirmations will become faster for more comfort.

Again, totally agree


It's just incredibly frustrating when the core team is still struggling to figure this out before the halving time comes.  It'll be interesting to see how the network holds, but I can see that with people trying to move bitcoins in and out of so many exchanges and wallets (tends to be the case with an incremental price increase) and the second halving ever in history of Bitcoin coming together.

Although some wallets dont use the dynamic fees so these users might have very hard time sending Bitcoins at such times when mempool is filled up with decent fee paying transactions, it is not first time, and everytime the answer is the same - you need to use wallet using dynamic fees and select priority for transaction corresponding how quickly you want your transaction to be confirmed and the wallet choose corresponding fee.

It mostly takes one terrible experience when transaction dont confirm but you need it the most to upgrade to better wallet using dynamic fees.