Topic: One hour and 24 minutes and no new block ... ouch (Read 1514 times)
Can I say zero confirmation can only be trusted if it is from reputable source, like Coinbase or Bitpay?
Its confirmation problem again, ive waiting for 2 hours bit it has only 1 confirmation until now 
But im waiting till the transaction is finish
But im waiting till the transaction is finish If there's hundreds of threads on the same topic, it sounds to me like there's something unsolved and worth debating. Or has this forum become so polarized that open discussion disagreeing with local dogma is no longer welcome ?
No, it just means you're insane:
There are several core principles that aren't going to change. 10 minute average block times is one of them. You can debate it all you want, but the result will always be the same. This is how Bitcoin works. Feel free to switch to an altcoin if you want something else.
well it wouldnt be a new thing to bitcoin if it wasnt getting a confirmation for a hour and a half, block times are fluctuating wildly there are sometimes even near instant blocks
to be honest i never worry about it though sometimes it makes me mad if i make a transaction to the website and it requires confirmations that might take so long to happen
to be honest i never worry about it though sometimes it makes me mad if i make a transaction to the website and it requires confirmations that might take so long to happen
I'm not claiming this is either new or surprising.
I'm just saying there's a whole bunch of problem it creates when you operate a bitcoin based business. Maybe the lightning network will somehow solve the problem, but the base bitcoin network is a PITA to work with.
well it wouldnt be a new thing to bitcoin if it wasnt getting a confirmation for a hour and a half, block times are fluctuating wildly there are sometimes even near instant blocks
to be honest i never worry about it though sometimes it makes me mad if i make a transaction to the website and it requires confirmations that might take so long to happen
to be honest i never worry about it though sometimes it makes me mad if i make a transaction to the website and it requires confirmations that might take so long to happen
The whole thread should be deleted. Block confirmation time is working as designed. Use the search function and you'll find hundreds of threads saying the same thing you said. This whole thread is a waste of space.
If there's hundreds of threads on the same topic, it sounds to me like there's something unsolved and worth debating. Or has this forum become so polarized that open discussion disagreeing with local dogma is no longer welcome ?
Uh 
Looks like four of my posts in this thread that were basically stating actual facts verifiable
by any and all were deleted by a mod ??
What's going on here ? Is reality somehow no agreeing with the bitcointalk orthodoxy ?
That's quite amazing.
Looks like four of my posts in this thread that were basically stating actual facts verifiable
by any and all were deleted by a mod ??
What's going on here ? Is reality somehow no agreeing with the bitcointalk orthodoxy ?
That's quite amazing.
The whole thread should be deleted. Block confirmation time is working as designed. Use the search function and you'll find hundreds of threads saying the same thing you said. This whole thread is a waste of space.
It's just a tail event in the probability distribution that is the block inverval. The mean is the 10 minutes, but there is variance, so dont be scaremongers, things like this are bound to happen.
https://blockchain.info/stats
Quote
Time Between Blocks 11.71 (minutes)
https://blockchain.info/stats
Uh
Looks like four of my posts in this thread that were basically stating actual facts verifiable
by any and all were deleted by a mod ??
What's going on here ? Is reality somehow no agreeing with the bitcointalk orthodoxy ?
That's quite amazing.
Looks like four of my posts in this thread that were basically stating actual facts verifiable
by any and all were deleted by a mod ??
What's going on here ? Is reality somehow no agreeing with the bitcointalk orthodoxy ?
That's quite amazing.
And still 10k+ unconfirmed. cleaning the backlog will be a while.
I dont know where you get your numbers, but there are way more unconfirmed TX than just 10k. Note the large drops on the 30d graph are system reboots, not backlocks cleaned up.
I was getting my numbers from here: https://blockchain.info/unconfirmed-transactions
They might not be taking everything in the mempool into account idk.
I'm starting to believe that despite the delays in transactions confirming, the blocksize thing will never get resolved. Because it's now about people's egos and not losing face.
Move your money using an alt, there isn't really any other option unless you want your hair to go grey with frustration.
Move your money using an alt, there isn't really any other option unless you want your hair to go grey with frustration.
Its the reason i begun looking into eth in the first place, although i have a bitcoin where my heart (& Wallet) used to be, it is a little annoying.
I thought the eth and bitcoin will become a rivalry that is pretty tight, but I still think that bitcoin will remain superior to other digital currencies, because the company doesn't have a bitcoin who control the market, so pure because the user's willpower bitcoin
and at this point you don't need necessarely to wait for conf, just accept uncofnirmed tx and you're done
Most services still won't accept zero confirmation deposit though. So like it or not you'll have to wait for a confirmation. Not that I'm complaining about the rare 1 hour+ block time.
what about the ethereum orphan rate, since it has a shorter block time it must be higher the rate of the orphan
and at this point you don't need necessarely to wait for conf, just accept uncofnirmed tx and you're done
and at this point you don't need necessarely to wait for conf, just accept uncofnirmed tx and you're done
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We already have the solution and it's called zero confirmation. It works well as long as users put good fees in their transaction.
Not really good when it's applied on exchange or very big transaction though.
what is zero confirmation you're mentioning about,does it like sending btc without need to wait any confirmation? because as long as i know confirmation exist to prevent people from doing double spend Not really good when it's applied on exchange or very big transaction though.
Will this postpone halving? expected halving happen time is mid June.
It will only postpone the halving if it happens more than it happens that blocks are found faster than 10 minutes apart.
The block discovery is (should be, never checked) in a normal distribution with 10 minutes at the top. This means that on both sides, extremes occur every once in a while.
I agree that it feels like it is happening quite a bit lately that blocks are slow and backlogs are huge. Bigger blocks will definately help reduce the backlogs in these times. Maybe blocksize should be determined based on time till block find?
And still 10k+ unconfirmed. cleaning the backlog will be a while.
I dont know where you get your numbers, but there are way more unconfirmed TX than just 10k. Note the large drops on the 30d graph are system reboots, not backlocks cleaned up.
Will this postpone halving? expected halving happen time is mid June.
we now wait for lauda or other core/blockstream devotees to post a message to say everything is perfect with sparkling unicorns.
that said. no one should ever inform noobs that bitcoin confirmations are guaranteed in 10 minutes .. EVER.
not even if you were to pay $1,000 transaction fee. fee's do not speed up the block solving process, fee's only help increase the chances that your transaction will get into the next block.(but still no guarantee)
its based on the average of 2 weeks worth of blocks. some can happen in 2 minutes meaning some blocks have to take 5x longer to even out the average.
if there are more then a few 2 minute blocks then expect more then a few blocks taking over 50 minutes
i know that from an outsider prospective, people like guarantee's and routine and predictability.. but to get all of that bitcoin wont be bitcoin, but some centralized and managed system.
that said. no one should ever inform noobs that bitcoin confirmations are guaranteed in 10 minutes .. EVER.
not even if you were to pay $1,000 transaction fee. fee's do not speed up the block solving process, fee's only help increase the chances that your transaction will get into the next block.(but still no guarantee)
its based on the average of 2 weeks worth of blocks. some can happen in 2 minutes meaning some blocks have to take 5x longer to even out the average.
if there are more then a few 2 minute blocks then expect more then a few blocks taking over 50 minutes
i know that from an outsider prospective, people like guarantee's and routine and predictability.. but to get all of that bitcoin wont be bitcoin, but some centralized and managed system.
Whichever side of the block size debate you may be, this particular bitcoin headache (time between blocks) is still imho a problem. And it never gets debated, while ETH, which IIRC has a shorter time between blocks is busy stealing the show
You were a bit unlucky there. On the other hand this is transaction i made today (https://blockchain.info/tx/991b67bc5f7772b8582150b465c654a09c06e42e26f03b801eb79b8d97cf915f)
it was confirmed as soon as i made it
literealy it took just like 1 minute to first confirmation :]Well that's the thing, when it comes to how fast a transaction confirms luck should not be part of the equation, at least not on a timescale of hours (seconds maybe ok). Bad for business, and limits what can be done. How fast a transaction confirms should be a purely auction based, and given enough fees applied to a tx, it should confirm within a second.
also post tx hash for us to see
personally i never have an issue, with tx speed or confirmations, i was speaking to someone that told me though, that moving larger amounts that have sat somewhere for a while will be confirmed much quicker than small amounts that have been moving around recently
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