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.
Topic: No matter how much we love BTC, confirmations take way too long! - page 3. (Read 8490 times)
April 12, 2017, 12:55:04 PM
April 12, 2017, 12:44:04 PM
Perhaps when Litecoin gets Segwit then it will be easier to get Segwit passed in bitcoin and the transactions will speed up.
April 11, 2017, 10:13:27 AM
Our love can't deal with the confirmation time of our transactions because there is nothing we can found in our love to help confirmations to be faster. The only thing we can do to make confirmations faster is to unite and help the team to solve this problem by generating an idea on how to solve this problem and just tell the team or any staff here and give your suggestion to them, i think it is better than just loving bitcoin because a love with action is always the best.
April 11, 2017, 09:04:55 AM
Yes,i too love Bitcoin.But when the need for transaction comes,im totally upset.I sent some btc from my wallet to localbitcoins to cash out and i set transaction fee manually to 0.0009 btc with a hope of quick confirmation.But it took nearly 24 hours for my transaction to be confirmed.If this continues,it would be a big drawback in bitcoin progress.
April 11, 2017, 09:01:41 AM
If crypto can not make transaction faster than credit card then eventually fail. also should consider usability of wallet. we need at least mobile wallet fast and secure without scam.
You know , now we are struggling with slower transaction confirmation due to massive transaction every now and then it just means that we are now populating
to compare to cards around you know cards is one tap to machines can easily get money or fiat. I guess we should stop comparing it since it has different features.Well that is the reason why people continue to compare them, because they are different. This is unavoidable since the other one have advantages over the other and the other way around. The best thing to do now is to combine the advantages of bitcoin and the credit card. The slow transaction confirmation is impractical to some businesses so this should be prioritized for its further improvement.
April 11, 2017, 08:59:49 AM
This is true, no matter how much we used bitcoin everyday the problem is too long to confirmed the transactions. Ive been experiencing this kind of problem but I know it will solved in the long run.
yes it is very true we all can experience this problem but you can still avoid it by putting high transaction fees on your payment which can be done in 1 new block and there are some other transaction that needs few more blocks to get 1 confirmation 
April 11, 2017, 08:55:53 AM
I will always love Bitcoin regardless of transaction times. We will all learn that Bitcoin is not an everyday currency but is prefect for saving.
This the fact that we need to accept, due to its demand and adaptability of the new users ,having lots of transactions . Delays were all present. But surely the transaction will took place,it can be send as soon as it can. We just need to hope for new developments improving the transaction time of bitcoin. Other than its failure in delivering what we want on time,everything else about bitcoin were all working smooth and fine.
There are already solutions being made to that issue but there are just conditions before we can use bitcoins in local shops. First is that the owner of the shop and the client must use one site that host web wallets, for example they will both use blockchain.info wallets then the transfer will be done just in seconds. Another thing we can use the local exchangers app in a certain area so that the transaction will be instant and there is nothing to wait.
April 11, 2017, 08:49:20 AM
I will always love Bitcoin regardless of transaction times. We will all learn that Bitcoin is not an everyday currency but is prefect for saving.
This the fact that we need to accept, due to its demand and adaptability of the new users ,having lots of transactions . Delays were all present. But surely the transaction will took place,it can be send as soon as it can. We just need to hope for new developments improving the transaction time of bitcoin. Other than its failure in delivering what we want on time,everything else about bitcoin were all working smooth and fine.
April 11, 2017, 08:48:15 AM
Indeed, the idea of bitcoin not made for fast transactions, they are fast but you should wait for confirmation and somebody comparing with other payments, but bitcoin not made for that kind of transactions. Even digital money have other futures then cryptomoney, we should consider that bitcoin is something unique and individual then different curencies
April 11, 2017, 08:35:46 AM
I will always love Bitcoin regardless of transaction times. We will all learn that Bitcoin is not an everyday currency but is prefect for saving.
April 11, 2017, 08:31:31 AM
Yes and it is getting nasty paying way too much. Thought I could at least save money in using it but there is the problem of paying expensively and waiting for too long. Western Union will win against bitcoin if this continues.
What you have said above is true, bitcoin can be annoying depending on the circumstances. But Western Union is not that good either – it charges more for the transactions, especially if you are the sender; they have a disclaimer that makes the company liable if the recipient fails to get the goods or get them in bad shape; it's also a very good way for scammers to get funded since an identification card and a custom transaction is all that's necessary for one to claim money. April 11, 2017, 08:20:01 AM
Yes and it is getting nasty paying way too much. Thought I could at least save money in using it but there is the problem of paying expensively and waiting for too long. Western Union will win against bitcoin if this continues.
April 11, 2017, 08:17:51 AM
It's not that bad Bitcoin transactions are tolerable for people who actually is not waiting for it to come. But it can be a big concern for businesses who actually is in need for that money instantly or sometging what credit cards do in which the banks gives an assurance they they will get paid for what the customers bought. Right now Bitcoin transactions is not yet into the hearts of businessmen to be part of their daily businesses.
But I think the OP has a point there. I have always heard that confirmations are fast but in reality, I agree it takes a long time. With my Coinbase account I have done more than three transactions where it took over an hour to get more than 2 confirmations. But it is not a matter of not having the money right a way but more about fraud because without confirmations the transaction basically did not occur. There is potential for fraud. 
April 11, 2017, 05:03:36 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.
Ya it is true that due to confirmation delay bitcoin is getting some negative points when dealing with merchant transaction as if the buyer sends the bitcoins with low fees, then the transaction takes more then 24 hrs time and their are chances of the transaction getting cancelled also, So still their is lot of time for bitcoin to get accepted by merchants. Right now it is good for investment and gambling type uses only.
I also would like to remind you, that task of sending money takes around 1-2 days at banking system: bitcoin is much faster.
Im afraid that confirmations will still take some time, because you need to remember the current amount of blockchain users- and imagine even more people, because we can see that our bitcoin community is constantly growing, we have newbies here all the time.
So 50 minutes isn't so much for confirmations, however i need to agree that it sucks when someone pays at the shop.
April 11, 2017, 04:48:55 AM
It is actually very fast. Circa ten mins to a few hours, depending on the circumstances.
You just think it's slow because of credit cards, and how you assume the transactions go through right away. But in reality for the consumer and business it takes many days, and sometimes months for the business to get the money from the credit card company.
You just think it's slow because of credit cards, and how you assume the transactions go through right away. But in reality for the consumer and business it takes many days, and sometimes months for the business to get the money from the credit card company.
April 11, 2017, 04:47:56 AM
From current situation, my thought has changed and I conclused that bitcoin isn't good for low amount transactions because confirmations are very slow and fees are very higher. But for big amount of money, bitcoin is great because there is no limitation and fees are low for that eve with current situation.
If I amn't wrong there was planned fork and let's see what will happen, maybe fees and confirmations will become lower.
If I amn't wrong there was planned fork and let's see what will happen, maybe fees and confirmations will become lower.
April 11, 2017, 04:40:35 AM
I totally agree with your freakin point of argument.
I mean this is one of the biggest loop hole of using bitcoins.
You can't directly pay via bitcoins for an instantaneous transaction.
I mean just think you buy a coffee at Starbucks and you don't have any case,
You were going to pay via bitcoins and your transaction is not confirmed.
You will have to struggle for a long time.
Also the fact that even if these transactions are slow the famous and trusted wallets like block chain still charge a lot of transaction fees.
I mean this is one of the biggest loop hole of using bitcoins.
You can't directly pay via bitcoins for an instantaneous transaction.
I mean just think you buy a coffee at Starbucks and you don't have any case,
You were going to pay via bitcoins and your transaction is not confirmed.
You will have to struggle for a long time.
Also the fact that even if these transactions are slow the famous and trusted wallets like block chain still charge a lot of transaction fees.
April 11, 2017, 04:38:57 AM
This is true, no matter how much we used bitcoin everyday the problem is too long to confirmed the transactions. Ive been experiencing this kind of problem but I know it will solved in the long run.
April 11, 2017, 03:36:57 AM
If crypto can not make transaction faster than credit card then eventually fail. also should consider usability of wallet. we need at least mobile wallet fast and secure without scam.
I am really surprised to see that the issue was posted by 2014 and i am not sure what made those things smooth and what upgrades were made to counter that ,i thought this was the first time we are encountering the block size issue and guess that is the reason for the delay in confirmation .There are some safe mobile wallet which is endorsed by the bitcoin team .
Previously, pools used to implement a soft cap on the blocksize limit, and would increase periodically with demand until it hit the 1MB cap. The problem with this, is that it is just not dynamic enough to cope with burst of high level demand. I believe miners should create more dynamically sized blocks based on any backlog that occurs in the transaction pool.
And you want an SPV wallet for your mobile phone, one where you can move funds on-chain into it without paying astronomical fees for the privilege.
April 11, 2017, 03:31:38 AM
If crypto can not make transaction faster than credit card then eventually fail. also should consider usability of wallet. we need at least mobile wallet fast and secure without scam.
I am really surprised to see that the issue was posted by 2014 and i am not sure what made those things smooth and what upgrades were made to counter that ,i thought this was the first time we are encountering the block size issue and guess that is the reason for the delay in confirmation .There are some safe mobile wallet which is endorsed by the bitcoin team .
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