I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations

kalawang

full member

Activity: 350

Merit: 100

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

This is not good a little worring about that so we should need to keep this bitcoin? Because theres a lot of people have a problem now i becaue of the bch hay i hope tht bitcoin will resolve hi problem. Sad

GreenBits

legendary

Activity: 1148

Merit: 1048

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

welcome to the club bro. this is gonna be like this for a minute, you may want to look at other blockchains in the meanwhile if you need to send funds with any quickness. I sent a decently fee'd transaction to hitBTC literally yesterday, it took going to bed and waking up + 6 hours for it to get a single confirm. you can attribute this to all this BCH craziness going down; suffice it to say market conditions are being used to the best advantage at the moment.

you could still be looking at a 24+ hour conf, it just really depends how congested it is right now (or how the hashpower fluctuations are wrecking havoc on network fidelity).

this is greed.

alexzorgo

full member

Activity: 630

Merit: 103

Now it is very visually shown as the blockchain of bitcoin depends on miners. It is very dangerous precedent which speaks about an opportunity to affect market bitcoin, manipulating rather large number hash capacity. I consider, it is lack of code of bitcoin which needs to be eliminated in the nearest future. So far didn't use it in the purposes, pernicious for bitcoin.

expert4knowledge

hero member

Activity: 826

Merit: 1000

The All-in-One Cryptocurrency Exchange

It's like a DDOS attack, funny how decentralized technology is not immuned to the same issues than centralized tech

Shadowshot

newbie

Activity: 2

Merit: 0

Bitcoin transaction fees have been and are currently still so garbage right now, this is the reason why another coin will eventually overtake it I think.

honeyb0y

member

Activity: 84

Merit: 10

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

You need to be patient on this one even if you made a high transaction fee but because of the
large volume of transactions that are being solved then delays are happening right now.

chuckblocker

member

Activity: 126

Merit: 12

Higher... visa and mc would b ****** **** hourly for 14$/transaction fee, if miners don't return it will only b going downwards.

Maestro75

sr. member

Activity: 1960

Merit: 329

Quote from: supermine on November 12, 2017, 11:42:02 AM

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

This is the hard time for the bitcoin because the transaction fee is getting higher due to the less number of miners available but the transaction take sometimes i think atleast 6 hours to complete your trancation.

Saying higher is putting it mildly. It is outrageous! Imagine paying $3 on a transaction of a mere $20 and one had to wait for 24hrs two days ago for it to pull through. OP, no one can really give you the exact time your transaction can pull through.

Processing transactions on time has always been the bane of Bitcoin. One would have thought that the previous fork would have addressed it.

cybersofts

copper member

Activity: 658

Merit: 284

Quote from: alyssa85 on November 12, 2017, 01:00:48 PM

Quote from: pixie85 on November 12, 2017, 12:57:17 PM

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

You're playing into Bitmain's game. They switched to BCC and are spamming the BTC network to make it slower. People like you are paying a lot of money in fees for no reason. The only solution is to wait it out they won't keep their spam forever. If you send with normal fees that you'd pay 2 days ago, like $2 it will still get confirmed. We are repeating the situation from 2 months ago.

Bitcoin is currently mining less than 3 blocks an hour, which is why there are so many unconfirmed transactions.
BCH's difficulty adjusts tonight, so some of the hashrate might come back to bitcoin, in which case the transaction backlog will get cleared.

Wonderful, I was reading this article yesterday on the web:

$700 Million Stuck in 115,000 Unconfirmed Bitcoin Transactions
https://www.cryptocoinsnews.com/700-million-stuck-115000-unconfirmed-bitcoin-transactions/

And i asked myself, what the hell is going on again? Is this another form of DDoS attack on blockchain or what?
Thank God now since everything will be ok in few days. I first though some lazy punks are trying slow people down, man. Grin

Pendularin

member

Activity: 294

Merit: 10

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

Do not worry if there is no confirmation yet. Keep calm and believe that it will be confirmed sooner. You know if it is a big transaction, they will not confirm it very soon because they will check it for many times for accuracy and no mistakes. It may give you a little bit fear because the confirmation is delayed but I know that it will come sooner not later than this day.

ezrakonia

newbie

Activity: 4

Merit: 0

Miners want to control bitcoin and make more money. However if they destroy there will be nothing for them. Greedy people.

They want to destroy a good idea, bitcoin.

Sarastiche

member

Activity: 532

Merit: 10

BITCOIN IS THE CURRENCY OF THE GLOBE

A friend had the same experience,think it better to pause transaction,when things get normalice you can then do your transfer

JoeMue

newbie

Activity: 48

Merit: 0

Quote from: coindetective on November 12, 2017, 05:14:02 PM

Calm down, the number of late transaction s rapidly going down, this attack will be finished very soon. Conclusion, it has FAILED as all these attacks before you.

This is no attack... the transaction rate is close to normal. Miners switched to Bitcoin Cash, because it is more profitable. Block time was huge, transactions were not processed. Situation will normalize, because difficulty for BCH just exploded, but this is the second time this year, that we were close to 200K transaction backlog. This MUST NOT happen again, otherwise people lose trust in bitcoin.

This is what happens if mining is centralized. The greedy miners actually don't care about transactions waiting to be confirmed. It's all about profit.

The bitcoin team must increase the block size as soon as possible, otherwise BCH will take over in the long run. The situation is very serious.

Dfinest

full member

Activity: 461

Merit: 101

It's a bit weird but i wouldn't be so worried about that.

SyGambler

legendary

Activity: 2436

Merit: 1804

guess who's back

it's not about how much you paid in fees for your transaction , it's about how many people used higher fee than yours
the blockchain at the moment is facing huge amount of transactions ( 167K at the time of post ) so that's the problem

also a lot of miners stopped mining and went to mine BCH

coindetective

full member

Activity: 165

Merit: 100

Calm down, the number of late transaction s rapidly going down, this attack will be finished very soon. Conclusion, it has FAILED as all these attacks before you.

YOU CANNOT KILL BITCOIN so stop trying.

X7

legendary

Activity: 1162

Merit: 1009

Let he who is without sin cast the first stone

not normal - need actual details to help here...

Preclus

full member

Activity: 167

Merit: 100

Quote from: Shenzou on November 12, 2017, 02:15:57 PM

A lot of miners have switched to mining bitcoin cash, since the bitcoin difficulity got harder in the last couple of days hence why the transaction are starting to get slow and they get unconfirmend..

So, will miners now just switched to whichever bitcoin version is easier to mine?

If so, the transaction backlog will swing wildly from one version of bitcoin to the other as the difficulty changes, all the miners switch coins and mine until that difficulty changes, then switch back, etc. And you could expect this kind of delay every difficulty change and it will get worse every time there is a bitcoin fork.

batang_bitcoin

hero member

Activity: 3080

Merit: 603

Quote from: bjbear123 on November 12, 2017, 11:38:39 AM

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

Don't be surprised that you paid too much just to get 0 confirmation. Always monitor unconfirmed transactions through https://blockchain.info/unconfirmed-transactions and if you see that there's hundred thousands transactions that are stuck there, think twice if you do really need to transact for that moment. There's an attack with the bitcoin network that results to delayed transactions.

ohlawdy

full member

Activity: 259

Merit: 100

- "Bitcore (BTX) - The Future is Now"

Wow that is really bad , this is a big hit for btc , so easy to disrupt.
I hope a solution will come.

Topic: I payed $20 for a﻿ BTC transaction 2 hours ago, still 0 confirmations (Read 1200 times)

Topic: I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations (Read 1200 times)