Number of unconfirmed transactions increasing exponentially

deisik

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Quote from: --Encrypted-- on September 14, 2015, 10:23:23 AM

Quote from: deisik on September 14, 2015, 10:07:31 AM

What about this block then? Its size is only slightly above 98Kb. Why is it not filled with all those transactions unconfirmed at that moment, huh?

Miners are getting hungry

I'm also curious about that (after much thinking).
maybe you should move this to the bitcoin discussion, it might get more replies there. not that this topic is about economics.

I meant economics actually. What all this may mean for Bitcoin ecosystem, short term and long term

--Encrypted--

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hee-ho.

Quote from: deisik on September 14, 2015, 10:07:31 AM

What about this block then? Its size is only slightly above 98Kb. Why is it not filled with all those transactions unconfirmed at that moment, huh?

Miners are getting hungry

I'm also curious about that (after much thinking).
maybe you should move this to the bitcoin discussion, it might get more replies there. not that this topic is about economics.

deisik

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Quote from: ranochigo on September 14, 2015, 10:02:16 AM

Quote from: deisik on September 14, 2015, 09:57:14 AM

Quote from: --Encrypted-- on September 14, 2015, 09:55:23 AM

Quote from: deisik on September 14, 2015, 09:29:44 AM

Seems to be of not high enough priority

https://www.blocktrail.com/BTC/tx/ed9406d636410b516250e514a62d1504cac507b8cb63ab6905fa2cf997289839

that's 0.0001 for 2.7kb transaction. the right fee for that should be 0.00027.
your other transaction, the ones who got confirmed faster, may not have so many inputs.

by the way. who set the fee? you or the exchange? if it's the latter then that exchange is doing poorly with fee management.

I can't set the fee. But the question is still there, that is, why some blocks with tiny number of transactions (3 digits) don't include it

Number of transaction shouldn't be the main cause here. The blocks have a size limit, hard limit is 1mb, while soft limit is around 750kb. They can choose what limit they want as long as its between the two numbers. The blocks may have already been filled by larger transactions. Many miners has also set up a policy to accept specific transactions due to the spam eg. increasing minimum transaction fees.

What about this block then? Its size is only slightly above 98Kb. Why is it not filled with all those transactions unconfirmed at that moment, huh?

Miners are getting hungry

ranochigo

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Quote from: deisik on September 14, 2015, 09:57:14 AM

Quote from: --Encrypted-- on September 14, 2015, 09:55:23 AM

Quote from: deisik on September 14, 2015, 09:29:44 AM

Seems to be of not high enough priority

https://www.blocktrail.com/BTC/tx/ed9406d636410b516250e514a62d1504cac507b8cb63ab6905fa2cf997289839

that's 0.0001 for 2.7kb transaction. the right fee for that should be 0.00027.
your other transaction, the ones who got confirmed faster, may not have so many inputs.

by the way. who set the fee? you or the exchange? if it's the latter then that exchange is doing poorly with fee management.

I can't set the fee. But the question is still there, that is, why some blocks with tiny number of transactions (3 digits) don't include it

Number of transaction shouldn't be the main cause here. The blocks have a size limit, hard limit is 1mb, while soft limit is around 750kb. They can choose what limit they want as long as its between the two numbers. The blocks may have already been filled by larger transactions. Many miners has also set up a policy to accept specific transactions due to the spam eg. increasing minimum transaction fees.

deisik

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Quote from: --Encrypted-- on September 14, 2015, 09:55:23 AM

Quote from: deisik on September 14, 2015, 09:29:44 AM

Seems to be of not high enough priority

https://www.blocktrail.com/BTC/tx/ed9406d636410b516250e514a62d1504cac507b8cb63ab6905fa2cf997289839

that's 0.0001 for 2.7kb transaction. the right fee for that should be 0.00027.
your other transaction, the ones who got confirmed faster, may not have so many inputs.

by the way. who set the fee? you or the exchange? if it's the latter then that exchange is doing poorly with fee management.

I can't set the fee. But the question is still there, that is, why some blocks with tiny number of transactions (2-3 digits) and small size don't include it (and other pending transactions for that matter)

--Encrypted--

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hee-ho.

Quote from: deisik on September 14, 2015, 09:29:44 AM

Seems to be of not high enough priority

https://www.blocktrail.com/BTC/tx/ed9406d636410b516250e514a62d1504cac507b8cb63ab6905fa2cf997289839

that's 0.0001 for 2.7kb transaction. the right fee for that should be 0.00027.
your other transaction, the ones who got confirmed faster, may not have so many inputs.

by the way. who set the fee? you or the exchange? if it's the latter then that exchange is doing poorly with fee management.

lorylore

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Quote from: deisik on September 14, 2015, 08:29:16 AM

Quote from: lorylore on September 14, 2015, 07:56:05 AM

Quote from: deisik on September 14, 2015, 06:07:53 AM

Quote from: --Encrypted-- on September 14, 2015, 05:53:28 AM

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

Checked on that time but there were not ~20,000 unconfirmed transaction.

Quote from: deisik on September 14, 2015, 06:38:47 AM

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

I think since the price of bitcoin has fallen down ~20$ then people don't trade.
So the number of transaction are small, and it's Monday (lot's of work in real life)

Here's the most recent snapshot. I don't know what else I can say

http://s24.postimg.org/imyawynph/image.jpg

We checked at the same time, a bit confused
"7004 Unconfirmed Transactions Live updating list of new bitcoin transactions"
From this website? https://blockchain.info/unconfirmed-transactions , anyway the number is huge enough

deisik

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Quote from: --Encrypted-- on September 14, 2015, 09:25:26 AM

Quote from: deisik on September 14, 2015, 09:01:35 AM

It is not a problem with a TX fee. I've later had a few other transactions (with much smaller amounts) with the same fee (10k) which were confirmed without even one block missed...

Even from the same exchange

can you post the tx id? might help some people to point out what's the problem (if there is a problem).

Seems to be of not high enough priority

https://www.blocktrail.com/BTC/tx/ed9406d636410b516250e514a62d1504cac507b8cb63ab6905fa2cf997289839

--Encrypted--

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hee-ho.

Quote from: deisik on September 14, 2015, 09:01:35 AM

It is not a problem with a TX fee. I've later had a few other transactions (with much smaller amounts) with the same fee (10k) which were confirmed without even one block missed...

Even from the same exchange

can you post the tx id? might help some people to point out what's the problem (if there is a problem).

deisik

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Quote from: johnyj on September 14, 2015, 08:55:45 AM

I think there should be a mechanism to let you cancel the transaction and rebroadcast with a higher fee. At least you should get a market feedback of the ongoing fee rate depends on the network load

It is not a problem with a TX fee. I've later had a few other transactions (with much smaller amounts) with the same fee (10k) which were confirmed without even one block missed...

Even from the same exchange

thebigtalk

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Quote from: deisik on September 14, 2015, 05:48:40 AM

Well, it may be a bit of an exaggeration about the exponential part, but right now there are over 20,000 unconfirmed Bitcoin transactions. Yesterday this number was around 10,000. Personally, my own 1 BTC transaction got stuck and hasn't been confirmed for almost 20 hours already (this will be of particular interest to those who stubbornly continue to insist that Bitcoin transactions are fast and reliable)...

Your ideas, guys

Never had any problems today with any large transactions I made. Got 1 btc transaction just now and received 1 confirmation in just a matter of minutes. Looking forward for it to reach 3 confirmations. Funds came from trading with ecoin.eu

coinplus

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Now it seems the unconfirmed transactions were filtered out or got confirmed. Any way bitcoin network passed the stress test. But still need a solution for faster transactions.

johnyj

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I think there should be a mechanism to let you cancel the transaction and rebroadcast with a higher fee. At least you should get a market feedback of the ongoing fee rate depends on the network load

ranochigo

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Quote from: --Encrypted-- on September 14, 2015, 08:50:37 AM

Quote from: ranochigo on September 14, 2015, 08:44:19 AM

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see ~~4k-5k~~~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

I'm seeing 6k right now. The picture might just be outdated and blockchain.info is known to prune some transactions for whatever reasons. Plus the blocks seems to have high transaction count. It may have just help to reduce the spam.

deisik

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Quote from: --Encrypted-- on September 14, 2015, 08:50:37 AM

Quote from: ranochigo on September 14, 2015, 08:44:19 AM

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see ~~4k-5k~~~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

I've given you the link. Exactly at blockchain.info

https://blockchain.info/unconfirmed-transactions

Update: now it reads 6K. Seems to be a glitch there

--Encrypted--

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hee-ho.

Quote from: ranochigo on September 14, 2015, 08:44:19 AM

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see ~~4k-5k~~~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

ranochigo

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Quote from: --Encrypted-- on September 14, 2015, 08:40:34 AM

Quote from: tsoPANos on September 14, 2015, 08:34:07 AM

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

beat me to it.
also I see 4k~ unconfirmed transactions instead of 20k~. why is that?

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

--Encrypted--

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hee-ho.

Quote from: tsoPANos on September 14, 2015, 08:34:07 AM

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

beat me to it.
also I see 4k~ unconfirmed transactions instead of 20k~. why is that?

tsoPANos

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In math we trust.

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

deisik

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Quote from: everaja on September 14, 2015, 08:02:52 AM

The Status is of really a big concern when you are Trading . In trading all depends upon Confirmation of Transactions as though from the present scenario we can see that the bulk of Unconfirmed transaction is rising exponentially from last few days , and on up to it is stress test and spamming , for network to survive the size must be increased.

You'd better stop

deisik

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Quote from: lorylore on September 14, 2015, 07:56:05 AM

Quote from: deisik on September 14, 2015, 06:07:53 AM

Quote from: --Encrypted-- on September 14, 2015, 05:53:28 AM

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

Checked on that time but there were not ~20,000 unconfirmed transaction.

Quote from: deisik on September 14, 2015, 06:38:47 AM

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

I think since the price of bitcoin has fallen down ~20$ then people don't trade.
So the number of transaction are small, and it's Monday (lot's of work in real life)

Here's the most recent snapshot. I don't know what else I can say

everaja

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The Status is of really a big concern when you are Trading . In trading all depends upon Confirmation of Transactions as though from the present scenario we can see that the bulk of Unconfirmed transaction is rising exponentially from last few days , and on up to it is stress test and spamming , for network to survive the size must be increased.

lorylore

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Quote from: deisik on September 14, 2015, 06:07:53 AM

Quote from: --Encrypted-- on September 14, 2015, 05:53:28 AM

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

Checked on that time but there were not ~20,000 unconfirmed transaction.

Quote from: deisik on September 14, 2015, 06:38:47 AM

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

I think since the price of bitcoin has fallen down ~20$ then people don't trade.
So the number of transaction are small, and it's Monday (lot's of work in real life)

deisik

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Quote from: Q7 on September 14, 2015, 07:36:26 AM

And yeah people refused to accept the fact that there is nothing wrong with the system. And even with what is happening right now, they still maintain that it's alright. I hope it doesn't affect the price in days to come

That was the question I was going to ask next. Two opposite things spring to mind, that is, this nuisance will most certainly affect the price negatively in the mid-to-long term, but short-term it should make the price spike due to a lower number of available bitcoins...

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And yeah people refused to accept the fact that there is nothing wrong with the system. And even with what is happening right now, they still maintain that it's alright. I hope it doesn't affect the price in days to come

deisik

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Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

deisik

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Quote from: --Encrypted-- on September 14, 2015, 06:23:03 AM

getting your transaction confirmed when it have the same fee amount with most tx kind of depends on luck. so that's not really surprising.

stress test is going on.

In July there were over 80,000 stuck transactions, so this looks more like a failure, not a stress test

--Encrypted--

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hee-ho.

getting your transaction confirmed when it have the same fee amount with most tx kind of depends on luck. so that's not really surprising.

stress test is going on.

deisik

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Quote from: --Encrypted-- on September 14, 2015, 05:53:28 AM

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

lorylore

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Quote from: deisik on September 14, 2015, 05:48:40 AM

Well, it may be a bit of an exaggeration about the exponential part, but right now there are over 20,000 unconfirmed Bitcoin transactions. Yesterday this number was around 10,000. Personally, my own 1 BTC transaction got stuck and hasn't been confirmed for almost 20 hours already (this will be of particular interest to those who stubbornly continue to insist that Bitcoin transactions are fast and reliable)...

Your ideas, guys

I there were a lot of transaction in a short period of time.
And now have been confirmed. At the moment are 4120 Unconfirmed Transaction
It was around ~2000 before 2 days when i checked.

--Encrypted--

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hee-ho.

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

deisik

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Well, it may be a bit of an exaggeration about the exponential part, but right now there are over 20,000 unconfirmed Bitcoin transactions. Yesterday this number was around 10,000. Personally, my own 1 BTC transaction got stuck and hasn't been confirmed for almost 20 hours already (this will be of particular interest to those who stubbornly continue to insist that Bitcoin transactions are fast and reliable)...

Your ideas, guys

Topic: Number of unconfirmed transactions increasing exponentially (Read 1469 times)