Topic: How much time for bitcoin - page 2. (Read 2159 times)
This would varies on the volume you are trying to do with bitcoin i am working on some sites who are paying 50-60 payouts daily and the delay it takes would be 2-3 business days
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.
The problem comes in when everyone cannot afford to by 5TB drives, so we hoping the price of drives and the size of the Blockchain will
stay affordable as long as possible. I buy second hand drives for next to nothing, when friends wants to upgrade to something bigger, and
then use that.. so it's not a big problem for me.
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.
It depends on my transaction. I usually have to wait 10 minutes in getting the recommended confirmation (3 confirmation) and sometimes also one minute I was able to get confirmation of the recommendation. So, it's a matter of how fast the mining deal. And if we associate this with the terms of the transaction it will be quite difficult, but I am sure in the future will not have confirmation problems
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.
Exactly, and I don't understand why people keep on complaining about the delay in confirmation time, as I have never faced that issue since I am using it.
Definately correct. I also have been in bitcoin for 3years but i never had any problems in regards with sending and receiving bitcoin into my wallet. I never complain about the time arrival of any transaction as long as the btc amount is intact no more no less that the verry important on that matter. Others complained about the time transaction because they want fast transaction.
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.
Exactly, and I don't understand why people keep on complaining about the delay in confirmation time, as I have never faced that issue since I am using it.
if you are earning it from signature campaing. i think then you need a quite good time. but if you doing trade on bitcoin. then i think its think its the best time to sell the bitcoin. because its rate is now so high.
bitcoin network is gone real bad, i sent some bitcoin earlier, took 2.7 hours to confirm once 
well i guess it depends on the amount of the fees you use when sending your bitcoins because if you included a really small fee no wonder that it took you so longi have never heard about such problem to be honest and i dont think that its a thing that we should be worried about, there are other more worrying things in bitcoin
Including a decent fee helps to make the chances of having your transaction included in the next block higher, but you also have to look at the size of your transaction. If for whatever reason your transaction for example exceeds 1000 bytes, then pools will most likely ignore your transaction for quite some time. Even when you include a fee of 0.0002-0.0005BTC it won't help much in that aspect.
They are likely referring to deposits and withdraws from exchanges. It does take a very long time usually an hour or more. With the new miners S9 having 14THs and about 1400W power usage. BTC will have to climb rapidly in price and soon or BTC will die. The miners ship about a month before halving, by the time most get them there will be less than 2 weeks until the halving. After the halving miners with the S9 will only get about 1/2 a BTC a month. So at current prices it would take over a year to see a profit. Then you have to factor in electricity cost as well. So if BTC isn't over $1000 USD soon BTC will be dead in a few months. Mining will hold no profit and the network will fail as people aren't going to mine if it causes them to lose money.
If you ask me, mining is a complete waste of time and money... But since BitCoin is only managed through these machines, I gotta say, one day this will fail because miners will have no incentive to continue to run these machines if the reward isn't paying for their time and money. Transactions fees won't pay for them.
I don't think storage is ever gonna be a problem. That's cheap and plentiful and the size of the blockchain is pretty predictable. Getting your computer to index all that stuff if you're running a full node might be if it's a giant bunch of gigs.
well bitcoin has been around for what 7 years now? and the blockchain size is still managable for the average user. i think the internet speed is going to advance throughout the years and we probably wont have to worry about the size, unless bitcoin spikes and tons of new users start sending out transactions.
yeah I am talking about deposits and widthdrawls to exchanges. you cant change the default fee, so there is massive delays in confirm times, really annoying tbh
The important bottleneck for Bitcoin is not storage, it's network capacity. Limited bandwidth will be a problem long before consumer storage capacities are exceeded. For example you can easily store 50x times the current blockchain size on a single HDD. If we roughly assume that blockchain size will continue to grow by 100-400 GB every year, we will still have about 10 years left to reach a capacity of 4 TB.
Network throughput will much sooner be a problem, especially considering the peer-to-peer nature of the Bitcoin network. Therefor it is crucial that solutions are implemented that reduce both the data load of transactions as well as their number. With segregated witness and lightning two promising solutions are approaching deployment. If there will be other measures needed remains to be seen...
ya.ya.yo!
Network throughput will much sooner be a problem, especially considering the peer-to-peer nature of the Bitcoin network. Therefor it is crucial that solutions are implemented that reduce both the data load of transactions as well as their number. With segregated witness and lightning two promising solutions are approaching deployment. If there will be other measures needed remains to be seen...
ya.ya.yo!
Sometimes blocks take too long to solve, but if you see that your transaction isn't confirmed and new block is solved on an average than 10 minutes, the problem is that you are using a too low fee.
They are likely referring to deposits and withdraws from exchanges. It does take a very long time usually an hour or more. With the new miners S9 having 14THs and about 1400W power usage. BTC will have to climb rapidly in price and soon or BTC will die. The miners ship about a month before halving, by the time most get them there will be less than 2 weeks until the halving. After the halving miners with the S9 will only get about 1/2 a BTC a month. So at current prices it would take over a year to see a profit. Then you have to factor in electricity cost as well. So if BTC isn't over $1000 USD soon BTC will be dead in a few months. Mining will hold no profit and the network will fail as people aren't going to mine if it causes them to lose money.
bitcoin network is gone real bad, i sent some bitcoin earlier, took 2.7 hours to confirm once
well i guess it depends on the amount of the fees you use when sending your bitcoins because if you included a really small fee no wonder that it took you so longi have never heard about such problem to be honest and i dont think that its a thing that we should be worried about, there are other more worrying things in bitcoin
Agreed delay in confirmation is no big deal it can be managed, and to be honest I never faced such issue since I am into bitcoin, as there are many good things attached with bitcoin.
bitcoin network is gone real bad, i sent some bitcoin earlier, took 2.7 hours to confirm once
well i guess it depends on the amount of the fees you use when sending your bitcoins because if you included a really small fee no wonder that it took you so longi have never heard about such problem to be honest and i dont think that its a thing that we should be worried about, there are other more worrying things in bitcoin
bitcoin network is gone real bad, i sent some bitcoin earlier, took 2.7 hours to confirm once
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.
yes i'm also have been using bitcoin almost 3 years,but sometime i feel my transaction sucks and getting long time to confirmed,its become major problem if i need urgent transaction,and then its really slow,its caused of fee of transaction? 
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.
Exactly, and I don't understand why people keep on complaining about the delay in confirmation time, as I have never faced that issue since I am using it.
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