Pages:
Author

Topic: Confirmations are getting faster ? - page 2. (Read 3061 times)

full member
Activity: 181
Merit: 100
June 14, 2016, 05:02:56 PM
#86
I wonder if all of the mobile wallets are updating there tx fees before, after, or during the day of the halving? I feel like they would need to atleast give users some kind of formal heads up or just be ready to update when the time comes, but it's inevitably close now... It just seems that a lot of btc users like to stick to their phone wallets more than anything (ease of access I guess).

The Bitcoin network can only handle ~3.7 transactions per second, period. If everyone trying to use Bitcoin doubled their fees, it wouldn't help. They'd all still be bidding against each other for inclusion in a 1MB block.

Yeah, I know that... but what I'm saying that gives an easy advantage in the bidding schematic of confirming your transaction.  You have thousands of users using a mobile app that doesn't allow them to change the tx fee and they unknowingly put them selves at a major disadvantage.  Might end up getting a lot of pissed off people who aren't familiar of how this works might as well happen if this is the case.

Yes, and what I'm saying is: If you help them increase their fees, they piss off the users they replaced in the block. It's a zero sum game and the maxblocksize should have been lifted before it was hit, like satoshi advised. This situation is a failure of Core's foresight and leadership.
legendary
Activity: 1316
Merit: 1004
June 14, 2016, 04:55:12 PM
#85
I wonder if all of the mobile wallets are updating there tx fees before, after, or during the day of the halving? I feel like they would need to atleast give users some kind of formal heads up or just be ready to update when the time comes, but it's inevitably close now... It just seems that a lot of btc users like to stick to their phone wallets more than anything (ease of access I guess).

The Bitcoin network can only handle ~3.7 transactions per second, period. If everyone trying to use Bitcoin doubled their fees, it wouldn't help. They'd all still be bidding against each other for inclusion in a 1MB block.

Yeah, I know that... but what I'm saying that gives an easy advantage in the bidding schematic of confirming your transaction.  You have thousands of users using a mobile app that doesn't allow them to change the tx fee and they unknowingly put them selves at a major disadvantage.  Might end up getting a lot of pissed off people who aren't familiar of how this works might as well happen if this is the case.
legendary
Activity: 2422
Merit: 1451
Leading Crypto Sports Betting & Casino Platform
June 14, 2016, 04:51:25 PM
#84
Wallets with dynamic fee calculations (whis is most wallets that have received an update in the recent months) are currently racing to make transactions high priority. Your wallet is likely paying extremely high fees compared to days in which there aren't so many transactions in the mempool.
full member
Activity: 181
Merit: 100
June 14, 2016, 04:49:40 PM
#83
I wonder if all of the mobile wallets are updating there tx fees before, after, or during the day of the halving? I feel like they would need to atleast give users some kind of formal heads up or just be ready to update when the time comes, but it's inevitably close now... It just seems that a lot of btc users like to stick to their phone wallets more than anything (ease of access I guess).

The Bitcoin network can only handle ~3.7 transactions per second, period. If everyone trying to use Bitcoin doubled their fees, it wouldn't help. They'd all still be bidding against each other for inclusion in a 1MB block.
legendary
Activity: 1316
Merit: 1004
June 14, 2016, 04:46:58 PM
#82
I wonder if all of the mobile wallets are updating there tx fees before, after, or during the day of the halving? I feel like they would need to atleast give users some kind of formal heads up or just be ready to update when the time comes, but it's inevitably close now... It just seems that a lot of btc users like to stick to their phone wallets more than anything (ease of access I guess).
legendary
Activity: 1806
Merit: 1024
June 14, 2016, 04:44:26 PM
#81
I've never had any problem with getting transactions confirmed. Maybe the reason is that I'm willing to pay the recommended fee and don't do frappuchino-size transactions. Most of the Tx's I've done confirmed within 30 minutes. Personally I'd like to see more fee pressure to drive transaction spam out and to stimulate optimization for script generated transactions at exchanges and other services.

If you ask me, the network works smoothly. The doomsday scenario laid out by big-block Hearndresencoin fanatics more than a year ago entirely failed to materialize. Blocks still have more than enough space for all relevant transactions. And with Lightning Networks around the corner, even the frappuchino-fans will be happy.

ya.ya.yo!
legendary
Activity: 2968
Merit: 1895
June 14, 2016, 04:42:53 PM
#80
...

I have noticed no change in my "confirmation times distribution", perhaps the most common time until I get a confirmation would be around 11 - 12 minutes.  Of course, it can be much faster, sometimes noticeably slower.

I am a retail user, and when I can I pay a little bit more to help ensure a miner will pickup my trx.
legendary
Activity: 2296
Merit: 1014
June 14, 2016, 04:40:20 PM
#79
I think it is just luck.
This, statistics is a strange thing. U can get 5 confirmations in 5 minutes or 5 confirmations in 5 hours Smiley think about that.
full member
Activity: 181
Merit: 100
June 14, 2016, 04:39:56 PM
#78
Whiners will be whining (and moving to Ether) for quite a long time m'thinks.

Jihan Wu of Bitmain/Antpool will not be activating segwit until the HF code for activation in mid 2017, that was basis of the agreement in Hong Kong, is delivered.



hero member
Activity: 812
Merit: 1001
June 14, 2016, 04:36:42 PM
#77
nope. read it again.

Touche.

Oh yeah, 2x3 weeks ("That'll take at least a few weeks to activate too")
So 6 weeks.

Then we "can forget about the "my transaction took 3 hours" whiners"?
legendary
Activity: 3430
Merit: 3080
June 14, 2016, 04:22:51 PM
#76
nope. read it again.
hero member
Activity: 812
Merit: 1001
June 14, 2016, 03:26:17 PM
#75
confirmations will surely not start going faster anytime in the future unless the coders of bitcoin core will decide to change that

Quote from: KaliLinux
May be it can be fixed the code changed accordingly.

The pre-requisite new op-codes are either live on Bitcoin network now, or close to activation (CSV and ancillaries). Once those are in the bag, the SegWit rate bump will be introduced. That'll take at least a few weeks to activate too. But once those are running as a part of Bitcoin, you can forget about the "my transaction took 3 hours" whiners, Lightning will take care of the rest.

Are you saying in about 3 weeks segwit will be making a big differnce?

hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
June 14, 2016, 03:06:51 PM
#74
i think it is usually happens that sometimes the some transactions are done quickly sometimes it is delayed well i think it is not to be considered as a improvements or a problem because it usual and normal if some transaction has a different time of confirmations .
legendary
Activity: 1176
Merit: 1024
June 14, 2016, 02:40:21 PM
#73
I have never really experienced that myself with all the transaction done up until now so I'd say you were just lucky, or you paid quite an amount of fee to get your transaction way up front the priority list.
legendary
Activity: 1988
Merit: 1317
Get your game girl
June 14, 2016, 02:18:22 PM
#72
Is it me (just luck) or the confirmations are really getting faster ? last time I got transaction confirmed in eight minutes and now in 2 minutes only while I was getting them in like 15-20 minutes.
On what basis have you come to the conclusion ?I usually judge by the amount of fees you pay,since I always pay a stable good amount of fee ,never took me more than 20 minutes for any of my transactions to get confirmed.In fact lately I had been waiting for a long time to get one of my tx's confirmed.Working out oppositely for me.Do you mind sharing your fees structure ?  

Confirmation time was never a problem for me, sometimes it takes too long but majority of times it gets confirmed very quickly so overall I am quiet satisfied with it.

The conversation is not about "confirmation" being a problem but its faster than before explicitly for the OP.Maybe halving effect ?
hero member
Activity: 868
Merit: 1000
June 14, 2016, 02:17:53 PM
#71
Confirmation time was never a problem for me, sometimes it takes too long but majority of times it gets confirmed very quickly so overall I am quiet satisfied with it.
legendary
Activity: 3430
Merit: 3080
June 14, 2016, 02:16:58 PM
#70
confirmations will surely not start going faster anytime in the future unless the coders of bitcoin core will decide to change that

Quote from: KaliLinux
May be it can be fixed the code changed accordingly.

The pre-requisite new op-codes are either live on Bitcoin network now, or close to activation (CSV and ancillaries). Once those are in the bag, the SegWit rate bump will be introduced. That'll take at least a few weeks to activate too. But once those are running as a part of Bitcoin, you can forget about the "my transaction took 3 hours" whiners, Lightning will take care of the rest.
sr. member
Activity: 434
Merit: 250
Young but I'm not that bold
June 14, 2016, 02:13:17 PM
#69
Miners are eager to mine as much as they can before the halving so they may run more power to get that and the difficulty take 2 weeks before it changes so that may be the reason for the fast confirmations
legendary
Activity: 1946
Merit: 1035
June 14, 2016, 02:09:03 PM
#68
The 1MB block limit under the current (v4) protocol is clearly showing its limits right now...
hero member
Activity: 1344
Merit: 565
June 14, 2016, 02:01:20 PM
#67
With the Blockchain wallet the confirmations were faster. Only at times the transaction takes long time for confirmation.
average transaction time is the same to be honest and it will never change because if there are more power mining bitcoins then the difficulty increases thus blocks are harder to find

in my opinion confirmations will surely not start going faster anytime in the future unless the coders of bitcoin core will decide to change that, theres no other way to do that in my opinion
By Luckily you have to get it confirmed so quickly. I heard most of the users here are getting delayed for min 20 minutes. That’s what happens to me Wink.So it should be a luck about your confirmations quicker. May be it can be fixed the code changed accordingly.
Pages:
Jump to: