Author

Topic: Length of time to recieve/send BTC (Read 1569 times)

hero member
Activity: 588
Merit: 500
March 04, 2011, 06:10:14 PM
#4
The transaction fee goes to whoever happened to generate the next block.
sr. member
Activity: 560
Merit: 250
Bounty manager (https://t.me/Gudwinn)
March 04, 2011, 05:48:50 PM
#3
In general how long it should take to receive a payment and what have people been experiencing.

To speed up transaction processing, you can offer some fee in the client settings. Then the transaction will be included ASAP.

Does the fee go into a pot and then split among the "coin generators"?

Does the fee help speed transactions being received only or sent as-well?

Is there a finite # of free slots, or will they increase if more users join, or is it a supply and demand thing?
legendary
Activity: 1386
Merit: 1097
March 03, 2011, 08:53:16 PM
#2
I was playing Bitcoin Darts Today and it has taken over 3 hrs to receive 1 unconfirmed payment of many.
Just wondering - In general how long it should take to receive a payment and what have people been experiencing.

There is only limited amount of free transactions every hour. As Bitcoin popularity is going up, those slots are full time to time. To speed up transaction processing, you can offer some fee in the client settings. Then the transaction will be included ASAP.
sr. member
Activity: 560
Merit: 250
Bounty manager (https://t.me/Gudwinn)
March 03, 2011, 07:37:11 PM
#1
Hi,

I was playing Bitcoin Darts Today and it has taken over 3 hrs to receive 1 unconfirmed payment of many.

Just wondering - In general how long it should take to receive a payment and what have people been experiencing.

Thanks
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