Blockchain confirmation is the fastest payment system yet. Compared to anything else 10min. is insanely fast. Credit cards and bank transfers are measured in days and weeks, not minutes. I see no issue to address at all here.
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Topic: Faster BTC confirmation time - page 2. (Read 2597 times)
I suppose as much as mining rigs become faster, the confirmation processes will also gets faster with it. We will see some pretty cool and super fast processors soon.
How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC 
If you have let say 500 confirmations, it takes a lot of time 
If you have let say 500 confirmations, it takes a lot of time No, you can't, except you pay more.
The Techinical is:
Code:
priority = sum(input_value_in_base_units * input_age)/size_in_bytes
the transactions need to have a priority above 57,600,000.~iki
How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC If you have let say 500 confirmations, it takes a lot of time
If you have let say 500 confirmations, it takes a lot of time Forgive me for maybe being a bit dumb but why the hell would you ever need 500 confirmation?
I admit I've sometimes been frustrated waiting for 'the recommended 6 confirmations' when I pay the standard transaction fee. One time I had an unconfirmed transaction fee for 40 minutes, I was a little worried, I kept refreshing the block explorer to see if something was wrong.
Credit card companies take sonetimes 2-3 days to process a payment so in reality waiting for 6 or so confirmations is no time at all. I'm not an expert techie or a miner but it really would be helpful if the block time could be maybe cut in half but I don't know if that's possible, maybe somebody better qualified could answer on that.
It'd certainly help our push for widespread/mainstream adoption.
The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.
Half correct, miners have the rights to reject your transaction or they may just set a higher minimum fee limit for them to include your transaction. The transaction also depends on network load. If there are a lot of transactions and most of them pay more than 0.0001BTC/KB and you pay 0.0001BTC/KB, your's might not get confirmed first if the block gets filled with transactions from their mempool. This is due to the fact that miners rank non high priority transactions according to transaction fees. thats what altcoins are for
Avoid posting irrelevent stuff. This thread is for discussing Bitcoins. 
How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC If you have let say 500 confirmations, it takes a lot of time
If you have let say 500 confirmations, it takes a lot of time You cant make a transaction confirm faster by paying a higher fee. You can increase the fee to make sure you are in the next block found, but you can not influence the speed miners will find this block.
Besides that I cant think of a reason to require 3.5 days worth of confirmations where its not worth to wait that long at the same time. E.g. if you were to buy a house with BTC someone might require the TX to have 500 confirmation (for whatever reason), but in this case I think thats not an issue.
If you just want more confirmations you have to ask yourself why. 500 confirmations with the current time to find a block represent a certain level of security. This level is not tied to the number, but to the effort it takes to find these 500 blocks. If it would be easier to find 500 blocks the level of security would be lower and you would have not gained anything, but a fancy number.
thats what altcoins are for
The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.
use service that don't require any confirmation(they accept your income without any), if the problem is just sending your money to another wallet, that always belong to you, then you don't have any excuse to wait a bit
there will be no fork of this, so people should deal with it already, at best something in the sidechain could be done about this, but don't expect anything in the main blochchain
there will be no fork of this, so people should deal with it already, at best something in the sidechain could be done about this, but don't expect anything in the main blochchain
Is this a question or a statement? If you want us to help you need to give us more information. Do you think the confirmation time is too long now?
How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC If you have let say 500 confirmations, it takes a lot of time
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