How much time for bitcoin | Bitcointalksearch.org

tygeade

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Quote from: phreaky on September 19, 2016, 08:23:01 AM

Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

Bitcoin does not really require much time at all because the only thing that you really have to do is keep in check with the price of the Bitcoin.
You do not even have to spend every day on and that is why I like Bitcoin.

Yeah but if you are earning from signature campaign then you need to spend time on daily basis, but it won't take much time for that and I think 1 or 2 hours are enough for bitcoins.

Achargeturry78

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Just follow the rules

Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

Im only considering bitcoin as my online job where i can earn weekly by just doing some post every day , and for the transaction why sometimes it would take more time before it confirmed because if you are going to see the blockchain there are many transaction are made everyday and this is not a problem this is a normal.

phreaky

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Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

Bitcoin does not really require much time at all because the only thing that you really have to do is keep in check with the price of the Bitcoin.
You do not even have to spend every day on and that is why I like Bitcoin.

dearbesz1219

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Quote from: MFahad on May 31, 2016, 12:48:06 PM

Personally for me, when ever i m free i m using it. i m already doing a job, and bitcoin is my part time job.
I like Bitcointalk because in this place no time limit, we can use it anywhere and anytime, it is really helpful way to earn bitcoins.

Indeed we are in the same page, Perhaps all member here they got learned through bitcointalk forum and thanks to all the member who accommodate those question if some are asking. I am also making bitcoin as my part time job through signature campaign.

Ryananda

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Bitcoin transaction data on blockchain now very much but there is always updating and monitoring system, so that it can be solved easily. Maybe if that happens there will be problems that arise as a pending transaction. But as long as it can be overcome would not be a big problem.

BitcoinPC

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Quote from: rocketron on May 31, 2016, 02:13:01 PM

bitcoin network is gone real bad, i sent some bitcoin earlier, took 2.7 hours to confirm once Roll Eyes

Well you are first person who said it, because whenever i transfer my amount, from bitcoin, so i have no problem in it. You should see the other benefits of bitcoins for us. For me, bitcoin is really helpful i always pay my bills with bitcoins and also i am earning with bitcoin, only hold it and sell when bitcoin on the top.

davis196

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Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

No,it isn`t such a big problem,i guess.

Quantum computers will solve this issue.

I don`t think that the number of people using bitcoin increases that much.

I wish bitcoin could grow faster.

Noctis Connor

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Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

Nooo bitcoin now is popular where there are new investors who choosing to use bitcoin if the transaction will be make some time before it confirmed then its okay because we can wait until it succeed and we all know that the main API or anything the main is blockchain and we can also see those transaction made every day.

ObscureBean

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Quote from: calkob on September 17, 2016, 09:57:00 AM

I dont think it is a problem at all, it currently stands around 80GB, i just bought a 5TB hard drive for under £100, which means it would take a few years to fill that. with new tech being developed for bitcoin all the time around reducing the size of transactions and Moores law i cant see this ever being a problem in a developed country.

Buying a 5TB hard drive is great but it doesn't solve the actual problem of sheer size of the blockchain. Not everyone will be able/willing to invest ~$100 in new hardware just to be able to use Bitcoin. Not only that but 80GB would take forever to download on slower connections, already on my 30MB/s it takes around 6-7 hours. And you can forget about mass adoption.

chixka000

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Quote from: delliaerd on September 17, 2016, 04:07:54 PM

Quote from: calkob on May 31, 2016, 01:48:52 PM

I have been using bitcoin now for over 3 years and i have to say that i have never had a problem sending bitcoin or getting it confirmed when i have paid the appropriate fees.

Yeah dude you are right, i just receive some bitcoin from my brother and it not take a long time waiting and waiting the confirmation. So for me the time is not a serious problem for now too.

True, I think that an few hours of waiting is just acceptable since there are things that they need to make sure first before sending the transactions. Unlike sending methods in which you have to wait for how many days.

drwtsn32

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I'm using Blockchain.info wallet and until now, I haven't had any problems at all.
The confirmation time is proportional to the transaction fee. I always use the lowest transaction fee possible which is equivalent to 60 minutes.

Dudeperfect

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Personally I never faced any issues of transaction confirmation so far (I’m using bitcoins since couple of years). I think that’s probably because I have used online wallet like blockchain where fee is appropriate automatically applied.

Considering the growth, I think there must be some provision for the transaction quota or something like that which will make sure that transaction won’t take much time to confirm. We won’t face any issues at least for next few years.

Mr.grin

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I am looking for bitcoin when my time was free, it was because I was more interested in my work than to seek for bitcoin. bitcoin I was just looking for fun because it is my hobby. I am very happy looking bitcoin, because it could make me earn extra income

delliaerd

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Quote from: calkob on May 31, 2016, 01:48:52 PM

I have been using bitcoin now for over 3 years and i have to say that i have never had a problem sending bitcoin or getting it confirmed when i have paid the appropriate fees.

Yeah dude you are right, i just receive some bitcoin from my brother and it not take a long time waiting and waiting the confirmation. So for me the time is not a serious problem for now too.

coin_gambler

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Quote from: croutonhexagon on September 17, 2016, 12:34:14 PM

As a student I can't manage time for bitcoin but now I have gave up paying all games mainly clash of clans which is very addictive and time killer so i pass those with bitcoin and i earn about $6 a month from faucers.

the same for me, i started studying and i cannot stay for a long time with bitcoins unfortunately but it is how it is

pedrog

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Currently with 1 MB blocks, that's 144MB/day, 52560MB/year, in 10 years blockchain will have increased 513 GB.

Today you can buy 4 TB hard drive for 150 euros, how big and how cheap do you think storage will be in 10 years?

What was your question again?

newcoins1978

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Quote from: ashapasa on May 31, 2016, 11:08:25 AM

With ever increasing people using Bitcoin, how long would it take for transaction data stored in bitcoins block chain becomes too large ? I heard this is a big problem is this true?

Bitcoin does not require that much time, the only thing that can require much time is when you are just starting.
Then it can take some time to learn everything that you can learn with Bitcoin.

Kprawn

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Quote from: croutonhexagon on September 17, 2016, 12:34:14 PM

As a student I can't manage time for bitcoin but now I have gave up paying all games mainly clash of clans which is very addictive and time killer so i pass those with bitcoin and i earn about $6 a month from faucers.

Dude, you just swapped the one evil for another.. How many hours do you have to spend solving Capthas to earn $6 per month? Let's see,

$6 = 0.009876 and most faucets pay 350 to 400 Satoshi / hour. If my math is correct, and let's say you earn 400 Satoshi's per hour on one

faucet, that would be 2469 hours needed for 1 faucet, or 246.9 hours for 10 faucets / hour. { So if you spend 8 hours per day, solving 10

Capthas per hour, you would Net about $6 in 30 days. } If on the other hand you got a low paying job, paying $6 an hour, you would only

have to work 12 hours in 1 month, and you would not have to use ANY faucets for a year. Grin

chixka000

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Quote from: croutonhexagon on September 17, 2016, 12:34:14 PM

As a student I can't manage time for bitcoin but now I have gave up paying all games mainly clash of clans which is very addictive and time killer so i pass those with bitcoin and i earn about $6 a month from faucers.

$6 a month is really not that high so spending this for your entertainment is just fine i guess. but if you are going to think for further future i guess you should start saving those amounts today

croutonhexagon

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As a student I can't manage time for bitcoin but now I have gave up paying all games mainly clash of clans which is very addictive and time killer so i pass those with bitcoin and i earn about $6 a month from faucers.

Topic: How much time for bitcoin (Read 2159 times)