Topic: No matter how much we love BTC, confirmations take way too long! - page 2. (Read 8490 times)
April 26, 2017, 02:18:50 PM
Its frustrating to wait longer for confirmation when you need money on emergency basis as even after adding higher fees you need to wait for a long time to get bitcoins in your wallet but I am really ok with that as bitcoin is offering me some best benefits which is never possible with fiat.
April 26, 2017, 12:53:15 PM
Compared to what? Bitcoin is the fastest payment network there is. 
April 26, 2017, 07:08:07 AM
I always will understand this situation, BTC really take way tok long to confirm transactions. Even me it took 2 days tk confirm the transactions and others still experiencing this kind of problem. Hoping this will resolved immediately.
Will not be resolved if mempool flooded the transaction level at one time, because the use for each blocksize is only 1 mb, I myself am waiting for what step to do now, but this is a very classic problem where we continue to want the addition of community volume from all nations, but on the other side of the transactions that can flood the mempool at any time because the accumulation of transactions can't be avoided.
April 26, 2017, 03:48:26 AM
I always will understand this situation, BTC really take way tok long to confirm transactions. Even me it took 2 days tk confirm the transactions and others still experiencing this kind of problem. Hoping this will resolved immediately.
April 13, 2017, 04:18:48 AM
It can be changed if the number of miners will be more because as of now the network can't handle too much transaction because of the increasing growth of users so we need more miners to sustain the required needs of the network. If bitcoin will have more miners then the fees will be cheaper and we don't need to worry about expensive fees.
No, more miners means an increased hash rate which causes an increase in difficulty. Bitcoin adjusts its difficulty in response to processing power to keep the block generation time at the 10 minute average target.
April 13, 2017, 04:12:52 AM
It can be changed if the number of miners will be more because as of now the network can't handle too much transaction because of the increasing growth of users so we need more miners to sustain the required needs of the network. If bitcoin will have more miners then the fees will be cheaper and we don't need to worry about expensive fees.
No, more miners means an increased hash rate which causes an increase in difficulty. Bitcoin adjusts its difficulty in response to processing power to keep the block generation time at the 10 minute average target.
April 13, 2017, 02:53:51 AM
It can be changed if the number of miners will be more because as of now the network can't handle too much transaction because of the increasing growth of users so we need more miners to sustain the required needs of the network. If bitcoin will have more miners then the fees will be cheaper and we don't need to worry about expensive fees.
No, more miners means an increased hash rate which causes an increase in difficulty. Bitcoin adjusts its difficulty in response to processing power to keep the block generation time at the 10 minute average target.
April 13, 2017, 02:37:27 AM
Not an original topic, but there is a reason why it keeps coming up.
No matter how much we love BTC, confirmations take way too long!
"Transactions are instant, and full confirmation is usually done in under 1 hour... both of which are better than credit cards."
Merchants complete your sale 'almost instantly' with credit cards, and sometimes make you wait almost an hour when paying with BTC, which really does not work well in the real world.... better point of sale options are needed ASAP.
No matter how much we love BTC, confirmations take way too long!
"Transactions are instant, and full confirmation is usually done in under 1 hour... both of which are better than credit cards."
Merchants complete your sale 'almost instantly' with credit cards, and sometimes make you wait almost an hour when paying with BTC, which really does not work well in the real world.... better point of sale options are needed ASAP.
Yes it happens nowadays transaction fee getting higher and the transaction time getting longer. Hopefully it will be change and may the odds be ever in our favor.
April 12, 2017, 10:39:01 PM
Not an original topic, but there is a reason why it keeps coming up.
No matter how much we love BTC, confirmations take way too long!
"Transactions are instant, and full confirmation is usually done in under 1 hour... both of which are better than credit cards."
Merchants complete your sale 'almost instantly' with credit cards, and sometimes make you wait almost an hour when paying with BTC, which really does not work well in the real world.... better point of sale options are needed ASAP.
No matter how much we love BTC, confirmations take way too long!
"Transactions are instant, and full confirmation is usually done in under 1 hour... both of which are better than credit cards."
Merchants complete your sale 'almost instantly' with credit cards, and sometimes make you wait almost an hour when paying with BTC, which really does not work well in the real world.... better point of sale options are needed ASAP.
Yes it happens nowadays transaction fee getting higher and the transaction time getting longer. Hopefully it will be change and may the odds be ever in our favor.
April 12, 2017, 10:34:29 PM
If the confirmation is too long for a day , I am using other coins such as ethereum or doge on transfering it to gambling sites cause sometimes it is has more fast confirmation. Instead of bitcoin I used altcoins to play games becasude some of the gambling sites offer altcoin as a bet kn there sites. We can manipulate the transaction confirmation to fasten up by putting a hugh amount of transaction fee which of us is lesser to make because many of us transacting to make a profit on their btc.
April 12, 2017, 10:32:19 PM
I think bitcoin delay of transaction is normal because the bitcoin is known worldwide so every seconds there are million of transaction that is happening so no need to worry 30mins to 1hr is not a big deal, So the delay of transaction is good because it's the signal that many people are getting to know the bitcoin.
April 12, 2017, 10:19:26 PM
I did not make a problem out of transaction confirmation because I've never experienced that problem I could just hope the problem quickly resolved. if you really love bitcoin you will receive his weaknesses.
Well said. If you think it an major issue then you'll be addressed, else you won't consider this as a big issue. At times the network receive a large number of transactions and on a sudden at times it gets stuck on the network. As quoted confirmation is effective when you go with the auto fee as well it's not a drawback for the one who really loves it. April 12, 2017, 10:18:16 PM
Ways depend in what you use but maybe it just take time converting your money or transacting your money in your address..,
ATM really a scam on fees it will kill you in super high transaction fee and in there exchange rate also..,
But you can find a wallet which a liitle bit fast than 1hour maybe a 30 minutes transaction it will be better but it really take time confirming the transactions it's process a lot inside..
ATM really a scam on fees it will kill you in super high transaction fee and in there exchange rate also..,
But you can find a wallet which a liitle bit fast than 1hour maybe a 30 minutes transaction it will be better but it really take time confirming the transactions it's process a lot inside..
April 12, 2017, 10:11:00 PM
I did not make a problem out of transaction confirmation because I've never experienced that problem I could just hope the problem quickly resolved. if you really love bitcoin you will receive his weaknesses.
April 12, 2017, 09:19:43 PM
If you love bitcoin no matter how long it takes, you will wait until it confirmed. Like in love, if you love someone you need to wait for it. I'm using bitcoin almost years, and I experienced that problem too, but If you can't wait you can change your coin to another coin so that you don't need to wait.
April 12, 2017, 09:06:05 PM
Nowadays, the confirmation now on btc that we had transact is getting worse, it takes much time get confirmed. Unlike the past months, it is very fast transaction and no hassle. We love btc because it make people change their lives so it doesn't matter for me how long the transaction takes.
April 12, 2017, 08:08:41 PM
I am agree, the transaction time is getting worse and worse and it had become quite a problem, if this is not fixed, shops won't be able to adapt bitcoin payment, we still waiting for the developer to find solution so we can implemented bitcoin in more sector
April 12, 2017, 03:05:14 PM
This is 2 years old thread and they were complaint then. It's even worse now. I put 0.0025 as fee normally and it takes a few hours I'm ok with that. Sometimes an hour. It is not bad. Just strange it's getting worse and worse.
April 12, 2017, 12:02:12 PM
During the last few months I have not bought anything using bitcoin.
So I would like to ask, how long does a transaction take you guys here when you put let's say 50k satoshis fee on it?
When I look at the size of the mem pool it's not as bad at the moment as it was some time ago.
Yes, I have to agree with you and im also not buying anything through bitcoin payment system.So I would like to ask, how long does a transaction take you guys here when you put let's say 50k satoshis fee on it?
When I look at the size of the mem pool it's not as bad at the moment as it was some time ago.
I have totally reduced the amount of transactions in blockchain, so I dont have to pay a fee.
If I transfer the money from website to website, that also hurts me, because im waiting about an hour for 3 confirmations, plus I have to pay ~50k satoshi.
Another way to deal with that problem is to collect bitcoins in to the bigger packages, and send them less often.
To sum up, there are ways to deal with big fees and long cofirmations because you can set up 100k fee, so it is not such a big problem for this payment system.
April 12, 2017, 11:56:58 AM
Perhaps when Litecoin gets Segwit then it will be easier to get Segwit passed in bitcoin and the transactions will speed up.
Yes, this can indeed help so that maybe those who are doubting SegWit will finally adopt SegWit and we can then move on. However, whether we do SegWit or BitcoinUnlimited, there would always be challenges that Bitcoin will encounter into the future. What we should be doing is to have a united stand as to the direction of Bitcoin unlike what is happening right now in the Bitcoin community. Bitcoin users are waiting for the adequate solution to the problem of transactions delay. Bitcoin should be fast and right now it is not living up to its name.
Jump to: