Egad. 81,000 + Transactions Unconfirmed. Again. Ugh! - page 8.

OROBTC

legendary

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Quote from: Meuh6879 on February 22, 2017, 05:17:31 PM

Quote from: unamis76 on February 22, 2017, 04:51:42 PM

After today we can finally say that this is probably one of the top 3 main problems Bitcoin has ever suffered and that we urgently need to scale.

Quote from: OROBTC on February 22, 2017, 03:50:25 PM

This really, really needs to be fixed. Come to a consensus, guys (developers, miners). Else you may KILL Bitcoin.

it's the rules, not a bug.

Well, no.

"It's not the rules, it's a feature." <== What many of us say, sort of, about Microsoft products.

LOL re the image, sometimes I just want to heft the ol' 12 gauge and blast away. Although I would prefer a .50 cal...

Meuh6879

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Quote from: unamis76 on February 22, 2017, 04:51:42 PM

After today we can finally say that this is probably one of the top 3 main problems Bitcoin has ever suffered and that we urgently need to scale.

Quote from: OROBTC on February 22, 2017, 03:50:25 PM

This really, really needs to be fixed. Come to a consensus, guys (developers, miners). Else you may KILL Bitcoin.

it's the rules, not a bug.

OROBTC

legendary

Activity: 2940

Merit: 1865

Quote from: unamis76 on February 22, 2017, 04:51:42 PM

I've been checking mempool size throughout the day and it has been chaotic, one of the worst times to send a transaction since I started using Bitcoin... I hope devs keep an eye on it too and think carefully and thoroughly if simply having Segwit is indeed enough for the next few years...

After today we can finally say that this is probably one of the top 3 main problems Bitcoin has ever suffered and that we urgently need to scale.

Aaaanndd it may get worse...

If the developers and the miners blow this (screw up implementation), that might be a death-knell. "Sudden Death" as the whole Bitcoin Ecosystem suffers a horrible blow that prevents new people from coming in and scaring off people like me who are tired of the developers and miners not WORKING (together) to get this fixed.

And it might get even worse...:

If they do not put in a permanent fix (or system or upgrade path), then we may see all of this again in 2, 3, 4 years as BTC keeps growing. It would be thoughtless for them NOT to plan that the system will grow, and hence anticipate future issues. I hope they are thinking ahead...

* * *

AgentofCoin

You raise good points. It may very well be that costs of the BTC Ecosystem may be higher than alternatives. And I can live with (say) $0.50 - $1.00 fees (low kb sized trx) as I too value BTC vs. other payment methods.

But, we still may continue to have such problems even if EVERYBODY pays fees like $0.50 and keep the same volumes of trx we see now.

unamis76

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Activity: 1512

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I've been checking mempool size throughout the day and it has been chaotic, one of the worst times to send a transaction since I started using Bitcoin... I hope devs keep an eye on it too and think carefully and thoroughly if simply having Segwit is indeed enough for the next few years...

After today we can finally say that this is probably one of the top 3 main problems Bitcoin has ever suffered and that we urgently need to scale.

AgentofCoin

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Activity: 1092

Merit: 1001

Quote from: OROBTC on February 22, 2017, 03:50:25 PM

...
This really, really needs to be fixed. Come to a consensus, guys (developers, miners). Else you may KILL Bitcoin.

Quote from: Doamader on February 22, 2017, 04:01:02 PM

I dont remember anything like this hapening with soo many frequency, this is an issue that the core has to handle once at all, bitcoin cant keep this way, in the begining the tiny fees were an incentive to use bitcoin, but with this issues all people are being forced to raise their fees, soo soon we will be paying the same we do pay with paypal.

Paypal and other regulated payment processors can censor your transactions and seize your money.
Bitcoin was designed to prevent that and gives people unrestricted transfers as they wish.

Bitcoin transaction fees can not be cheap as they were in the past, since that was designed to be
artificially low in order to bootstrap the network. We all know as block award decreases, fees must rise.
Thinking we can lower the fees by raising the block size is a form of transferring those higher fees upon
node operators, thus weakening the backbone of the network, ultimately leading to Bitcoin's failure.

Everything has a cost and lower fees to compete with Paypal and the like is a fantasy. People will use
Bitcoin since it is a counter to the normal financial system as well as unrestricted transference, not
because it has lower fees.

In actuality, the network's fees when high are paid by the users, but when artificially lowered by block
size increase are paid by the nodes. Nodes allow us to function and if we damage them, we damage
ourselves severely. It is like shooting yourself in the foot. Why would you sacrifice this novel system
just to save 0.25 USD?

Doamader

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Activity: 756

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I dont remember anything like this hapening with soo many frequency, this is an issue that the core has to handle once at all, bitcoin cant keep this way, in the begining the tiny fees were an incentive to use bitcoin, but with this issues all people are being forced to raise their fees, soo soon we will be paying the same we do pay with paypal.

OROBTC

legendary

Activity: 2940

Merit: 1865

...

OK, I just sent off a trx (very simple, 223 bytes) and paid $0.97 fee. It went out at 3:42 PM (US ET).

That's apparently a big fee, but when I checked the mempool (via blockchain.info), it had 91,000 (!!), so I decided on a big fee.

While writing this post, I checked, and the trx was just confirmed (3:47), and the mempool is now "down" to 89,000.

This really, really needs to be fixed. Come to a consensus, guys (developers, miners). Else you may KILL Bitcoin.

richardsNY

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Quote from: Sithara007 on February 22, 2017, 12:20:27 PM

Quote from: dunfida on February 22, 2017, 10:39:16 AM

This is not new anymore and as the years goes by bitcoin transactions are increasing which causes for this many unconfirmed transactions on the network which causes the delay.

It may not be new anymore, but 81,000 is the biggest lag I have ever noticed since I started collecting Bitcoins. I am not a conspiracy theorist, but we need to analyze the reasons behind this.

It just depends on what node you look at as every node has a different number of transactions 'stuck' in their mempool. Reason could be more usage in a very short time due to the higher price, spam attack in order to make people panic, or a combination of both. In case of a spam attack it's highly likely that it is coming from the alternative sides such as BU as they want to make Bitcoin look bad because it can't handle that many transactions.

Sithara007

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Leading Crypto Sports Betting & Casino Platform

Quote from: dunfida on February 22, 2017, 10:39:16 AM

This is not new anymore and as the years goes by bitcoin transactions are increasing which causes for this many unconfirmed transactions on the network which causes the delay.

It may not be new anymore, but 81,000 is the biggest lag I have ever noticed since I started collecting Bitcoins. I am not a conspiracy theorist, but we need to analyze the reasons behind this.

LLec

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Activity: 798

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Quote from: cryp24x on February 22, 2017, 11:16:07 AM

Quote from: bravehearth0319 on February 22, 2017, 10:18:32 AM

Quote from: LLec on February 21, 2017, 09:29:03 PM

Oh no not again. Embarrassed

I just hope my send isn't one of those unconfirmed transactions.
I sent a $0.46 fee to send just $50 and that almost bare minimum blockchain.info told me I can send it and get it sent within 60 minutes.
Last time this happened it took 24 hours to get atleast 1 confirmation with the same amount sent as this one.
I thought they were getting this problem fixed with raising the transaction's miner fee before hand? Undecided

Oh common, this is the usual thing common problems in the blockchain, until now my transaction was unconfirmed its been 10 hours ago. I told and asked it to my friend, He just said to me if you want fast transaction give the highest fee amounted 1 or 2$, you've got to be kidding me. Undecided

The problem here is the future, if the transaction fee keep on increasing doesn't it means that bitcoin transaction will be more expensive than bank transfers or any third party processor that we are avoiding, the reason why we are using Bitcoin? Now this is a battle of who is the highest payer get his transaction confirmed fast and not a third world country friendly.

and are you trying to say "come on"?

It does look that way doesn't it? Undecided

But I will give him the benefit of the doubt in my translating these non-english the first language speak that is common on this forum.
He is probably, from what I can see into it clearly enough if you will, "it's common..". From after what he said right after.

But from what I was saying about my 1mbtc I sent it finally did complete with the nearly $0.46/87 satoshi per Byte.

It took over 2 hours and 15 minutes to completely confirm. When before I sent it blockchain.info was saying it would take 10~minutes to confirm with the amount I sent along with the transaction being the miner's transaction fee that I did specify. Details: 454193 ( 2017-02-22 14:14:54 + 134 minutes )

lurker10

sr. member

Activity: 378

Merit: 250

Quote from: Bitcoinadam412 on February 22, 2017, 10:56:46 AM

Bitcoin Novice here and probably the bitcoin user you hate....

I use bitcoin solely to gamble with and use on offshore sportsbook. i received a payout from one of them for the $475 amount and it got confirmed and i tried to then transfer it to my girlfriends wallet on coinbase VIA my block chain wallet so coinbase doesnt get all pissed off and see im using it for gambling. my question is when i made my transaction to transfer my total bitcoins to my gf wallet theres no where that coinbase prompts you to send a higher fee and i just send the one they just tell you it is is there a sport im missing where i could of adjusted a fee... cause i have been waiting over 24 hours for this transaction

https://blockchain.info/address/1BCdTgCjUotwcJjoRjcTRPKnbw9ZAmXrxz

whats wrong with it? any thing i can do to speed it along?

Your transaction fee is only 65 sat/B, this is not sufficient for the current backlog to be processed quickly.
You could try accelerator https://www.viabtc.com/tools/txaccelerator/
your transaction id: c8b7c7f840b5658adfd7628736ab0bb6d0451b4dfc7d5d3ed9b51cf7642f7e33

cryp24x

sr. member

Activity: 1190

Merit: 253

Quote from: bravehearth0319 on February 22, 2017, 10:18:32 AM

Quote from: LLec on February 21, 2017, 09:29:03 PM

Oh no not again. Embarrassed

I just hope my send isn't one of those unconfirmed transactions.
I sent a $0.46 fee to send just $50 and that almost bare minimum blockchain.info told me I can send it and get it sent within 60 minutes.
Last time this happened it took 24 hours to get atleast 1 confirmation with the same amount sent as this one.
I thought they were getting this problem fixed with raising the transaction's miner fee before hand? Undecided

Oh common, this is the usual thing common problems in the blockchain, until now my transaction was unconfirmed its been 10 hours ago. I told and asked it to my friend, He just said to me if you want fast transaction give the highest fee amounted 1 or 2$, you've got to be kidding me. Undecided

The problem here is the future, if the transaction fee keep on increasing doesn't it means that bitcoin transaction will be more expensive than bank transfers or any third party processor that we are avoiding, the reason why we are using Bitcoin? Now this is a battle of who is the highest payer get his transaction confirmed fast and not a third world country friendly.

and are you trying to say "come on"?

Bitcoinadam412

newbie

Activity: 5

Merit: 0

Bitcoin Novice here and probably the bitcoin user you hate....

I use bitcoin solely to gamble with and use on offshore sportsbook. i received a payout from one of them for the $475 amount and it got confirmed and i tried to then transfer it to my girlfriends wallet on coinbase VIA my block chain wallet so coinbase doesnt get all pissed off and see im using it for gambling. my question is when i made my transaction to transfer my total bitcoins to my gf wallet theres no where that coinbase prompts you to send a higher fee and i just send the one they just tell you it is is there a sport im missing where i could of adjusted a fee... cause i have been waiting over 24 hours for this transaction

https://blockchain.info/address/1BCdTgCjUotwcJjoRjcTRPKnbw9ZAmXrxz

whats wrong with it? any thing i can do to speed it along?

lurker10

sr. member

Activity: 378

Merit: 250

Quote from: LLec on February 22, 2017, 10:34:29 AM

Quote from: lol3c on February 22, 2017, 10:27:25 AM

Stop complaining due. Please increase the fee if you want to proceed your transaction. Or if you do not have money, you must have to wait in order to be confirmed. I have just sent 0.15 bitcoin with the fee of 70k satoshi and the miners confirmed it after 3 minutes. LOL. You can increase the fee, you know.

So your saying on a 0.001btc send 0.0004401btc wasn't enough?
That is nearly 50% of the send there guy. Roll Eyes

Transaction amount is not relevant in calculating the proper fee.
What is relevant is the transaction size in bytes, how many inputs and outputs in the transaction.
You can send a million $$$ cheaper and with a faster confirmation than a few $$$ if the size of inputs/outputs in the former transaction is smaller than the latter.

doomistake

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Activity: 1400

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Quote from: hollandvan on February 21, 2017, 09:54:04 PM

Quote from: OROBTC on February 21, 2017, 09:23:04 PM

...

As I write there is another huge number of transactions in limbo.

Time to solve this problem, guys (lead developers). Shape-up and fix this.

I grow somewhat disenchanted w/ BTC, even w/ paying higher fee (when I can) or w/ acceleration.

Bitcoin scaling is imminent, we need to implement the new feature, no matter SegWit, BU or 8 MB, only scaling can solve the huge number of transactions issue. Slow speed and high transaction fees kill bitcoin's larger adoption.

But we still need BU and SegWit because they are the one who are implementing the blockchain, and scaling can not solve the huge number of transaction issue, the problem here is that, the blockchain size is not big enough anymore to support the transactions that we are processing each day because of the rapidly growing of the bitcoin users population all around the world.

So, right now, we don't need to give negative thoughts or any offenses to blockchain, even though the fee each transaction just got higher than its price before, still, it is not enough for the blockchain to get this kind of feedbacks to us, they are doing the best that they can do, and we must also wait until this problem is over. It will take time, but you are sure that you are all still going to receive your bitcoins.

dunfida

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Activity: 3122

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This is not new anymore and as the years goes by bitcoin transactions are increasing which causes for this many unconfirmed transactions on the network which causes the delay.

LLec

hero member

Activity: 798

Merit: 501

Quote from: lol3c on February 22, 2017, 10:27:25 AM

Stop complaining due. Please increase the fee if you want to proceed your transaction. Or if you do not have money, you must have to wait in order to be confirmed. I have just sent 0.15 bitcoin with the fee of 70k satoshi and the miners confirmed it after 3 minutes. LOL. You can increase the fee, you know.

So your saying on a 0.001btc send 0.0004401btc wasn't enough?
That is nearly 50% of the send there guy. Roll Eyes

lol3c

hero member

Activity: 518

Merit: 500

Stop complaining due. Please increase the fee if you want to proceed your transaction. Or if you do not have money, you must have to wait in order to be confirmed. I have just sent 0.15 bitcoin with the fee of 70k satoshi and the miners confirmed it after 3 minutes. LOL. You can increase the fee, you know.

tech_solutions

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Activity: 504

Merit: 500

Quote from: OROBTC on February 21, 2017, 09:23:04 PM

...

As I write there is another huge number of transactions in limbo.

Time to solve this problem, guys (lead developers). Shape-up and fix this.

I grow somewhat disenchanted w/ BTC, even w/ paying higher fee (when I can) or w/ acceleration.

This happens almost each time their is price increase as most of them are ready to sell their coins on every rise as they are traders so the transaction delay is common

bravehearth0319

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Activity: 1022

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Quote from: LLec on February 21, 2017, 09:29:03 PM

Oh no not again. Embarrassed

I just hope my send isn't one of those unconfirmed transactions.
I sent a $0.46 fee to send just $50 and that almost bare minimum blockchain.info told me I can send it and get it sent within 60 minutes.
Last time this happened it took 24 hours to get atleast 1 confirmation with the same amount sent as this one.
I thought they were getting this problem fixed with raising the transaction's miner fee before hand? Undecided

Oh common, this is the usual thing common problems in the blockchain, until now my transaction was unconfirmed its been 10 hours ago. I told and asked it to my friend, He just said to me if you want fast transaction give the highest fee amounted 1 or 2$, you've got to be kidding me. Undecided

Topic: Egad. 81,000 + Transactions Unconfirmed. Again. Ugh! - page 8. (Read 8870 times)