My first confirmation is taking way to Effing long!!!

Lauda

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Quote from: mobnepal on April 27, 2016, 11:45:46 PM

Yes bitcoin taking long time than 10 minutes sometimes if you use online wallet where they fail to sync every 10 minutes and get sync only after 30 to 40 minute and sometime within 1 to 2 minute.

What is this supposed to mean? What kind of wallet are we talking about?

Quote from: bob123 on April 24, 2016, 04:22:24 AM

Cant really add anything to this thread without TX ID.
could be serious, but could be spam too.

Indeed.

Quote from: Bit_Happy on April 27, 2016, 07:48:41 PM

I include 50% above the required fees, and am still having an absurd delay on some transactions.

Again, it comes down to satoshi/byte at the time and the size of your TX. A fee of X will work for some of your transactions, but might not work for some other ones (e.g. due to size).

mobnepal

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Quote from: Bit_Happy on April 27, 2016, 07:48:41 PM

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

Seems like you are trying to create some more panic to get cheap bitcoin hehe.
Yes bitcoin taking long time than 10 minutes sometimes if you use online wallet where they fail to sync every 10 minutes and get sync only after 30 to 40 minute and sometime within 1 to 2 minute. This is quite anonying for me tooo, i don't have experience with real bitcoin hardware wallet.

Jasad

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= jasad =

Quote from: Bit_Happy on April 18, 2016, 07:58:57 PM

Hi all,
Based on past experience, I can predict the first one or 2 people to try to complain about this type of post, so F offf...
My first confirmation is taking way to Effing long!!!

This time, I gave more then the min. required fee, and the transaction still was ignored in a block with over 3,000 transactions.
I Love Bitcoin, but it has serious issues which need to be solved soon.

yes its will happen soon,people like you that new come into bitcoin world is normal if upset with bitcoin transaction,if that take so long,i will make sure that is rare to happen,so dont too worry about that.

MingLee

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Quote from: Bit_Happy on April 27, 2016, 07:48:41 PM

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

Eh, I don't care whether or not there is a block taking a long time.

It's like a wire transaction or a check, it can take a long time without the proper infrastructure to move funds quickly.

Facing reality is just whether or not you can wait for a block, and assuming Bitcoin reached a fair amount of popularity in the real world, there would be a program that would mitigate this effect, almost guarantee it.

Bit_Happy

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A Great Time to Start Something!

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

bob123

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Cant really add anything to this thread without TX ID.
could be serious, but could be spam too.

yenxz

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Quote from: h3rlihy on April 23, 2016, 06:33:59 PM

I can understand the pain of slow transactions but I've personally just got used to the idea that bitcoin isn't always reliably fast. Whenever I send anything I generally expect it to show up within 2 hours and haven't been disappointed yet Tongue

agree with that,sometime bitcoin can't called as fast payment when some people pained by so long confirmation transaction,but anyway bitcoin still have fast transaction.

h3rlihy

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I can understand the pain of slow transactions but I've personally just got used to the idea that bitcoin isn't always reliably fast. Whenever I send anything I generally expect it to show up within 2 hours and haven't been disappointed yet Tongue

shorena

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Quote from: Boosterious on April 22, 2016, 08:38:14 PM

Quote from: Lauda on April 19, 2016, 05:58:02 AM

My mempool is at ~1.2 GB and showing 40k unconfirmed transactions. However, keep in mind that most of this is spam:

As long as your fee is adequate you will be fine. Delay will only occur when there is unusual block timing.

so,how big influence of fee to the transaction confirmations?is bigger fee equal with faster transaction confirmation?
glad to hear your explanation,i'm sure people here wondering about this too.

Essentially yes, but there is a point where its no longer helping you to pay a higher fee. Think of it like there is space for roughly 2000 TX in the next block. Miners will try[1] to put the most fees per byte in the block as possible to maximize their reward[2]. If e.g. a 42 satoshi/byte fee puts your TX in the top 2000 that is enough and paying a higher fee will not make your TX confirm faster. You might even make the top 2000 with 30 or even 25 satoshi/byte. Maybe the next two blocks are enough for you so you only pay 20 satoshi/byte. Since you dont know which other transactions are issued into the network after yours but before the block is found, you can never be 100% sure your TX will be in the next block. You can however pay a reasonable high fee and will very likely be included. Its very unlikely that there are suddently 2017 transactions paying a 1 BTC fee each.

All this is only relevant for the first confirmation, all subsequent confirmations are given for any block found on top of the one that puts your TX into the blockchain.

[1] its a difficult problem, see -> https://en.wikipedia.org/wiki/Knapsack_problem
[2] this will become a more pressing issue in the future when the blockreward is reduced further

Boosterious

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Quote from: Lauda on April 19, 2016, 05:58:02 AM

My mempool is at ~1.2 GB and showing 40k unconfirmed transactions. However, keep in mind that most of this is spam:

As long as your fee is adequate you will be fine. Delay will only occur when there is unusual block timing.

so,how big influence of fee to the transaction confirmations?is bigger fee equal with faster transaction confirmation?
glad to hear your explanation,i'm sure people here wondering about this too.

OROBTC

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...

Well I too have had occasional problems getting a timely confirmation, even when paying BTC0.0003. I pay that when I really want a transaction to get confirmed ASAP. But, sometimes it just takes longer, it's the nature of the system. And I usually pay the BTC0.0003 when it's an IMPORTANT transaction.

One above poster mentioned that if speed is really important, then pay by credit card (or whatever). I agree. When dealing with Bitcoin, it is best to arrange to have extra time ("slack") as it's a probability thing, no guarantees...

thejaytiesto

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Quote from: AgentofCoin on April 18, 2016, 08:23:41 PM

Quote from: Bit_Happy on April 18, 2016, 07:58:57 PM

Hi all,
Based on past experience, I can predict the first one or 2 people to try to complain about this type of post, so F offf...
My first confirmation is taking way to Effing long!!!

This time, I gave more then the min. required fee, and the transaction still was ignored in a block with over 3,000 transactions.
I Love Bitcoin, but it has serious issues which need to be solved soon.

Medium/advanced Bitcoin users should always (as habit) take a look at the mempool size before sending txs.
I personally check out https://bitcoinfees.21.co/ and https://tradeblock.com/bitcoin since I always do custom fees.

How much fee did you give? How long did it take to confirm?

All wallets ever should do this automatically, this is not user friendly at all, if we want to make Bitcoin available worldwide, we better start working in ways to automate all of this so the person has to only press "send" and the fee is automatically calculated and set by default, anything else is a failure in terms of user experience. But we are still on the early days so im sure this will get worked on.

Lauda

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Terminated.

Quote from: Syke on April 22, 2016, 04:11:01 PM

If you want to draw a valid conclusion, why don't you research historical block times?

Isn't it obvious? Because then they would be spending too much time on a single post (hint: Look under his post).

Quote from: el kaka22 on April 22, 2016, 02:49:05 PM

30 Minutes is nothing my friend, I have waited over hours for my transaction get picked. Not just that I paid 0.0003 btc as fees and still took 2 hours to confirm the transaction, so it happens.

This is a common misconception. People think that X fee (as in high) will naturally mean your TX will be labeled as high priority. This is not true as it comes down to the size of the transaction, i.e. satoshi per byte. At the moment, the recommended one is is 40 satoshis/byte.

Syke

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Quote from: darewaller on April 21, 2016, 03:53:59 PM

Hello sir, thanks for the information. The statement I made was based on my sole observations and the problems I faced. Earlier blocks used to be mined faster or maybe just that I was lucky.

I have seen since hours sometimes blocks not getting mined, earlier I never saw. Maybe just a time difference and a co-incidence, sorry if that was wrong.

There are over 400,000 blocks mined. You want to draw a broad conclusion from a single block? If you want to draw a valid conclusion, why don't you research historical block times?

el kaka22

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Quote from: Bit_Happy on April 20, 2016, 06:41:35 PM

Last block = Over 30 minutes!
No matter what you say about "my complaints", a 30 minute wait is way to long, wayyyyyyy tooooooooooooooo looooooooooooong, in many situations.

30 Minutes is nothing my friend, I have waited over hours for my transaction get picked. Not just that I paid 0.0003 btc as fees and still took 2 hours to confirm the transaction, so it happens.

Lauda

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Quote from: beerlover on April 21, 2016, 04:21:31 PM

My friend recently suggested to use altcoins like dogecoins if we want 2 minute confirmations. But practically not possible to consider this as a solution.

It comes down to the security and orphans at that point. That 2 minute confirmation has incomparable security to a single Bitcoin 10 minute confirmation. In addition, the orphan rates become higher the faster the block interval is.

beerlover

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Quote from: Bit_Happy on April 20, 2016, 06:41:35 PM

Last block = Over 30 minutes!
No matter what you say about "my complaints", a 30 minute wait is way to long, wayyyyyyy tooooooooooooooo looooooooooooong, in many situations.

I completely understand how it feels when the confirmation does not occur and you actually need it as soon as possible.
My friend recently suggested to use altcoins like dogecoins if we want 2 minute confirmations. But practically not possible to consider this as a solution.

Lauda

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Quote from: darewaller on April 21, 2016, 03:53:59 PM

Hello sir, thanks for the information. The statement I made was based on my sole observations and the problems I faced. Earlier blocks used to be mined faster or maybe just that I was lucky.

There is no known solution for this 'problem'. Basically, finding a block also includes a bit of a 'luck' factor. Due to this, there are times where there are very short 'bursts' of blocks, and interval in where there is no block for e.g. 1 hour.

Yakamoto

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Quote from: darewaller on April 21, 2016, 03:53:59 PM

Quote from: Lauda on April 21, 2016, 03:51:41 AM

Quote from: darewaller on April 21, 2016, 03:46:34 AM

Well, you have to understand the problems recently faced by bitcoins recently and one among them is surely the miners.

There are no 'problems recently faced'. Your statement is false. Unusual block intervals aren't something new.

-snip-

Hello sir, thanks for the information. The statement I made was based on my sole observations and the problems I faced. Earlier blocks used to be mined faster or maybe just that I was lucky.

I have seen since hours sometimes blocks not getting mined, earlier I never saw. Maybe just a time difference and a co-incidence, sorry if that was wrong.

Sometimes it's just some BS with the blockchain. You just gotta wait most of the time, one of the poorer aspects of Bitcoin, but an aspect of Bitcoin none the less.

darewaller

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Quote from: Lauda on April 21, 2016, 03:51:41 AM

Quote from: darewaller on April 21, 2016, 03:46:34 AM

Well, you have to understand the problems recently faced by bitcoins recently and one among them is surely the miners.

There are no 'problems recently faced'. Your statement is false. Unusual block intervals aren't something new.

-snip-

Hello sir, thanks for the information. The statement I made was based on my sole observations and the problems I faced. Earlier blocks used to be mined faster or maybe just that I was lucky.

I have seen since hours sometimes blocks not getting mined, earlier I never saw. Maybe just a time difference and a co-incidence, sorry if that was wrong.

Topic: My first confirmation is taking way to Effing long!!! (Read 2251 times)