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Topic: Love Fast BTC today! (Read 5169 times)

sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
February 26, 2017, 07:14:03 PM
There have been very few unconfirmed transactions for the past 24hrs and probably because of that any transaction with normal fees or even some with below average fees might go through sooner. The number of Unconfirmed transactions are about 3400 right now which I think is low. Anything under 6000 is good to have and blockchain will work like the good old blockchain we know.

Not only under 6000 but and with about 10000 unconfirmed transactions the network is working really fast in very reasonable confirmation time. But the way I see it is only matter of time. That is, last two months we had If I'm not mistaken, about 3 times where the network was under spamming attack. Unfortunately I think that most days of the week and especially the working ones this situation will be repeated and probably with greater frequency. This could only be corrected after the resolution of the dispute about the segwit or blocksize adoption. Till now I always check the unconfirmed transactions and I try to do all of my transactions, if is possible, only this period of time.
hero member
Activity: 574
Merit: 500
February 26, 2017, 06:22:45 PM
There have been very few unconfirmed transactions for the past 24hrs and probably because of that any transaction with normal fees or even some with below average fees might go through sooner. The number of Unconfirmed transactions are about 3400 right now which I think is low. Anything under 6000 is good to have and blockchain will work like the good old blockchain we know.
sr. member
Activity: 406
Merit: 250
February 26, 2017, 06:17:58 PM
I think it's because the issue blockchain was having in past has been fixed and now transactions are confirmed very fast.
Let's see if this happen again in future.
well those days are long at the moment because the blocks are very full nowadays and in the future it will be even harder to get your transaction confirmed really fast, though if the segwit gets activated the problem would be solved really easily and even if the segwit does not get activated we need to do something about it like allowing bigger blocks because without it bitcoin will be less and less attractive for people.
sr. member
Activity: 476
Merit: 250
Bawga
February 26, 2017, 06:04:16 PM
You just luck. Confirmation is random. Not stable.
hero member
Activity: 770
Merit: 500
February 26, 2017, 02:53:57 PM
I am wondering about something. What if you make your bitcoin transaction fee really high. Like say you transfer 50btc and pay 0.02 bitcoin or more. How fast would that go ? I wonder what the fastest time is. Lately the chain has been slowish but I'm not worried it still works just fine and transaction go through eventually. Its just of you need the btc right then and there you must put the correct amount of fee or you will have to wait and sometimes that is not an option unfortunately.
hero member
Activity: 1022
Merit: 500
February 25, 2017, 11:09:59 AM
How fast was your send?
What transaction fee did you pay to the miners?

My transaction has been stuck for last 2 and half hours.
The transaction fee was less than 1mbtc.

i use blockchain wallet for iph and its come in 14 minutes..

Which means blockchain is good to use to put our bitcoin unto it. I never try to storage my bitcoin in blockchain though I heard some says its good to use. I think this time I'm gonna try to storage some of my bitcoins there. At the present I used electrum wallet.
sr. member
Activity: 1904
Merit: 447
February 25, 2017, 11:07:10 AM
There is a time when a bitcoin transaction is so fast to be confirmed,
And there is a time where it took days or more to confirm a transaction.
today I do transactions with bitcoin, and it happened in a few hours. Well, I think, bitcoin transactions that occurred today, better than yesterday, because some of these days, so many pending confirmation, and in fact, there is a wait of more than two days.
sr. member
Activity: 854
Merit: 251
★777Coin.com★ Fun BTC Casino!
February 25, 2017, 10:54:06 AM
There is a time when a bitcoin transaction is so fast to be confirmed,
And there is a time where it took days or more to confirm a transaction.
hero member
Activity: 630
Merit: 500
Cryptocurrency Wallet - Denaro.io
February 25, 2017, 09:12:30 AM
This is very progressive to us nowadays and transactions is always prompt and I don't experienced any delays of payments in my wallet. I loved it so fast and bitcoin coin would do a lot of good impressions to all users, and at the same time it can influence a lot of individuals who are willing to do transactions using digital currency. People who happens to knew bitcoin through advertisements and campaigns would really love btc fast and brought excitements.
legendary
Activity: 3038
Merit: 1169
February 25, 2017, 09:06:13 AM
I already experience fast bitcoin confirmation for now but a few weeks ago it takes hour to confirm and now it just takes my bitcoins 20 minutes to confirm and that was a great experience because we all know that bitcoin network is getting bigger amount of users so i already expect to wait for a bit long time for my next future transactions.
I do not have  bad experience on any of my transaction not too much delay but I hear some people got problem in it but I'm lucky not belong to them.

Well I had an experince once and it took 1 day for my transaction to transfer but I think it just occur on random occasions but there are a lot in the forum that are experiencing it but my guess are it is just dump luck for some but there are many says that giving larger fees can make it really faster well this issues I wish it can be solve in the future, because Bitcoin really can become the worlds united currency.
hero member
Activity: 910
Merit: 520
February 25, 2017, 08:49:20 AM
I already experience fast bitcoin confirmation for now but a few weeks ago it takes hour to confirm and now it just takes my bitcoins 20 minutes to confirm and that was a great experience because we all know that bitcoin network is getting bigger amount of users so i already expect to wait for a bit long time for my next future transactions.
I do not have  bad experience on any of my transaction not too much delay but I hear some people got problem in it but I'm lucky not belong to them my last transaction this day took only less than 20mins.
sr. member
Activity: 378
Merit: 260
Bitcoin SV is Bitcoin
February 25, 2017, 08:44:59 AM
now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink
It depends of the fee.  Undecided
hero member
Activity: 2590
Merit: 644
February 25, 2017, 06:45:20 AM
I already experience fast bitcoin confirmation for now but a few weeks ago it takes hour to confirm and now it just takes my bitcoins 20 minutes to confirm and that was a great experience because we all know that bitcoin network is getting bigger amount of users so i already expect to wait for a bit long time for my next future transactions.
sr. member
Activity: 756
Merit: 253
February 25, 2017, 06:08:55 AM
I think it just changed for a while from the February 9 but it's resettled back to its high transactions fees and delayed confirmations time. I wish it changes for good because this is driving many crazy.
hero member
Activity: 518
Merit: 500
February 25, 2017, 03:41:47 AM
now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink
Yes because of I used a little high fees transaction and it made my transaction more fast than before,
although yea there are not choice except pay high fees for transaction of bitcoin,
because of the block size of bitcoin and still there are not solution about that until right now.
legendary
Activity: 2170
Merit: 1427
February 17, 2017, 05:36:32 PM
I think it's because the issue blockchain was having in past has been fixed and now transactions are confirmed very fast.
Let's see if this happen again in future.

What you say doesn't make any sense... There are no issues with the blockchain, and thus there is nothing that has been fixed. The only issue are the stingy people that don't know how to adapt to the situation where mempools are stacked with large amounts of transactions. In this case, adapting to the situation is to add appropriate fees where you pay attention to the fee/byte ratio. Not sure what desktop wallet client (or online wallet) you are using, but in case of Bitcoin Core, it will give you a fee estimate as to what it thinks is appropriate according to the situation and your transaction of course. It doesn't mean you are forced to go with what the wallet client suggests, but it's either that, or you being stingy with fees where it results in many hours of waiting.

https://bitcoinfees.21.co/
hero member
Activity: 882
Merit: 528
February 17, 2017, 04:15:06 PM
I think it's because the issue blockchain was having in past has been fixed and now transactions are confirmed very fast.
Let's see if this happen again in future.
sr. member
Activity: 784
Merit: 250
February 17, 2017, 04:05:31 PM
#99
There is time when Bitcoin transaction is fast and there are times it is not.  But one thing I noticed, transaction sent in electrum  wallet confirms faster.  This maybe because of the dynamic fee option where we can send bitcoin without worrying the fee since it adjust to the latest minimum fee to make our transaction confirmed faster.

I agreed on this matter, Electrum is fast as long as the fee is in moderate level.  But never adjust the in electrum at the lowest rate because it will surely your transaction will delay the unconfirmed and if that it will take 48 hours before it confirms. Because the higher fee you make is the higher fees priority Grin
legendary
Activity: 2170
Merit: 1427
February 17, 2017, 11:23:59 AM
#98
I thought segwit is already dead. Segwit requries 95% consensus out of the total population of the miners around the globe. At this point of time segwit has already made 25% consensus and it is far away from the 95% target. Will segwit really move on to the next level and be adopted by the miners or it will just die before it will be implemented. It is unclear but I dont like to support instead I prefer that all miners just agree to the 8mb block size increase.

I think the most logical step would be to lower the support percentage required to reach consensus among pools. But even if so, then it will still be difficult to reach the adjusted target. It's mind boggling how pools are holding back Bitcoin's growth with all their nonsense. Supporting Segwit is the only right decision. If you support anything other than Segwit, you're basically supporting an outside entity to force through their potentially poisonous way of handling/thinking.
hero member
Activity: 1260
Merit: 557
Leading Crypto Sports Betting & Casino Platform
February 17, 2017, 11:18:11 AM
#97
It's probably been something like a few days since the last spam attack we had happening, glad to see the queue is smaller and most of the transactions have been resolved.

It's a shame we end up experiencing spam attacks so often, however I would say that it luckily is a bit more broken up than it otherwise could be.

what do you mean with spam? like people (or someone) making microTx to overload the network?
Yeah I think he meant that. There are millions spam transactions on the Blockchain we still not know how to deal with it. It has made a lot of troubles including slowing the confirmation.
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