Just pay the fee needed to send a tx. It's bad but it's the way everything its working right now.
Just hope for SegWit to be activated.
Topic: Returning to bitcoin after 2 years! shocked at confirmation time! - page 2. (Read 5205 times)
Yeah man, you have to accept the truth. Too many people are using Bitcoin and the technology of Bitcoin is not being improved yet. That is why it is still remaining slow and may become slower in the future
If it hasn't been improved yet then it is sort of okay. The question is whether it is possible to improve it at all. Segwit can delay the risk of the chain splitting. However, as I heard, the transaction may proceed even longer, since at first it will be hard to confirm this new kind of code.Some say that the time of pending can be reduced by bigger payment and that is okay. I think that it is good there is an ability to reduce it but it is not okay to pay more than a dollar just for a transfer of money.
I think these ideas about bitcoin implemented in everyday life where you can buy goods in supermarket via btc are now a total fantasy.
The thing is the blockchain hasnt changed since the begining, nowadays the bitcoin community might be milions and there are milions transactions made daily, soo the only thing that changed was that, this year the split of two bitcoins should happen, the delay over it just make fees getting more and bigger.
I always select the high fee when sending from trezor or a wallet like that, but with blockchain.info, I just always went with the default setting. I sent a transaction 2 days ago, and still don't have any confirmations.
Simply pay the proper fee. Most clients include that functionality by now.
Not necessarily true. At the moment, there are currently more than 140,000 unconfirmed transactions. My last transaction took over 8 hours, and I paid nearly $4 to simply move coins from my hot wallet to an exchange.
Confirmation times will be the downfall of Bitcoin, if a soft fork (at the least) doesn't happen. I personally have made the switch over to LTC, ETH and XMR, simply because of the nearly instant (and much cheaper) transactions. BTC will always be the gold standard, but unfortunately, with more and more people learning about it, the slower that confirmations will become.
Wow, I did not know it was up to $4 for a BTC transaction fee.
Send $50 of LTC , transaction fee was 1 penny.
I also am moving to LTC , it arrived so fast at it's destination compared with bitcoin , it was a pleasant surprise.
╥AztekPhoenix
If most of you considering that bitcoin is currency and not only commodity, then why speaking for transaction fees with dollars and not with a fraction of bitcoins? Are you paying miners with dollars? I believe that all we want bitcoin to the moon and fees down to earth. Is that possible?
Bitcoin's confirmation time is not that bad considering that amount of time it requires for some Bank Wire's funding an account overseas. There's a bunch of Banks that require people to wait about 28 days in order to get their money, Bitcoin does not require that much of a wait.
This can't continue like this in the long term. As we know, the number of users is increasing with every passing day, and therefore it can be expected that the number of transactions will also rise. If we are having such delays and backlogs now, what will be the situation after one year?
Transaction is slow because you are using a small amount, if you increase your amount than may be it will not happen. But i also accept if bitcoin want to maintain its progress than should do something faster for bitcoin. Majority of bitcoin users are using the bitcoin for transactions and if they will not comfort than definitely bitcoin has troubling in future.
I'm still not very much versed in these issues, but it seems to me that it is pointless to translate small amounts because the percentage is quite large and the financial transaction will be unprofitable.
Transaction is slow because you are using a small amount, if you increase your amount than may be it will not happen. But i also accept if bitcoin want to maintain its progress than should do something faster for bitcoin. Majority of bitcoin users are using the bitcoin for transactions and if they will not comfort than definitely bitcoin has troubling in future.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
I wonder why you think it is such a big increase?What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
It is a fact that currently, we have to wait longer for our transactions being confirmed in a block, but the difference is not so big in my opinion.
I have to say that the fee is more harmful for every bitcoin user, especially for those who are doing many transactions.
I really miss the times where we could just pay 0.0002BTC for doing one transaction: but they have passed and we have to accept that fact.
After all, it makes bitcoin a little bit useless for doing micropayments, but it is still a great way to make some profits or just pay for digital goods/wares for shipping.
This was not the bitcoin i had seen!
So?What in the world has happened to bitcoin
Nothing!It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
Pay proper fee as per https://btc.com/stats/unconfirmed-txi have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
As more cryptos launch with pre-set price and hence an inflated market cap, bitcoin dominance will look tinier. But, that does not change the fact that bitcoin remains as the most secure crypto where one can hold million+ USD. It seems, that the price increase of Bitcoin has not left any positive impact on u. Hence, I'd suggest, for faster confirmation crypto, u may sell all your bitcoin for dogecoin. 
Yeah man, you have to accept the truth. Too many people are using Bitcoin and the technology of Bitcoin is not being improved yet. That is why it is still remaining slow and may become slower in the future
No one is going to abandon bitcoin except you.
6. LOW transaction fees (merchant acceptance)
Not everyone is a Bitcoin maximalist.
You know what is the only thing you can buy with LTC? Bitcoin!!!!!
I accept Litecoin. You can buy pepper seeds from me with Litecoin. All I have left is Yum-Yum and Thai Pepper. I am sold out of the rest. 5 Yum-Yum for .109 LTC or 20 Thai for .109 LTC. Very high quality genetics and origin sourced.
EDIT: You can also buy USD.
I use shapeshift.io/ and enter the BTC address for purchases as a way to avoid speed up my transactions.
If you transfer more than 100$ don't be stingy over a few cents.
What if you are sending 10.15 Venezuelan Bolívar for some rice?
https://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#3d03eb4619b2
I think it would be a really great idea if wallets would integrate a feature that shows how long the transaction will take approx with different dynamic fee settings.
It's difficult to tell because sometimes it takes an hour, usually once per day, for a new block to propagate. I use btc.com to see recommended fees. I like the idea of being able to tell what fee you will attach is good because I rarely pay more than 0.0002225; it just takes a while, though not always.
When it comes to block size there is this:
Fees go up as demand increases. Everyone should realize that. Also the rewards per block are less and less. Miners need btc pirces higher andore fees to keep going.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
That is true, confirmation time has increased in last few months slightly, but the change is not so big as you may think.What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
It is more about what fee are you wiling to pay for a transaction, because if you want to get your transaction confirmed in the first block, then you should just go with a fee that is high enough to be very attractive to miners. After all, they have profits from doing that, so they are seeking for the transactions that give the biggest bounty: where the fee is highest.
Usually, average fee right now is somewhere between 35-50k satoshi, not 20k like previously.
I advise you to use https://bitcoinfees.21.co/ , it is very useful for doing transactions at blockchain.
I think it would be a really great idea if wallets would integrate a feature that shows how long the transaction will take approx with different dynamic fee settings.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
At the time you left bitcoin there wasn't enough people to use it. Hence confirmation times were shorter.What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
Go ahead and pick any altcoin of your choice. Altcoins are 'fast' because there is barely anyone sending any transaction. Bitcoin was the same once.i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
Do you think that if that altcoin will have bitcoin's user base and its network would be directly an constantly spammed everyday, it would be still as fast as it is now?
Simply pay the proper fee. Most clients include that functionality by now.
I second that.
Made two transactions at the same time last night. LTC and BTC. Both with recommended fees.
BTC confirmed once before LTC did. It was 220/sat per byte.
Bitcoin is a utility that apparently has huge adoption. Pay accordingly.
As for mass adoption, congestion will clear when greed makes friends out of adversaries. So funny that people getting sucked into debate when they really get nothing out of it. This is a power grab, not an issue of ignorance. Either side trying to drum up support, when in the end, a truce between the parties is the only way to move forward on scaling.
This was not the bitcoin i had seen!
What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
That is true, confirmation time has increased in last few months slightly, but the change is not so big as you may think.What in the world has happened to bitcoin
It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..
i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space
It is more about what fee are you wiling to pay for a transaction, because if you want to get your transaction confirmed in the first block, then you should just go with a fee that is high enough to be very attractive to miners. After all, they have profits from doing that, so they are seeking for the transactions that give the biggest bounty: where the fee is highest.
Usually, average fee right now is somewhere between 35-50k satoshi, not 20k like previously.
I advise you to use https://bitcoinfees.21.co/ , it is very useful for doing transactions at blockchain.
No one is going to abandon bitcoin except you.
6. LOW transaction fees (merchant acceptance)
Not everyone is a Bitcoin maximalist.
You know what is the only thing you can buy with LTC? Bitcoin!!!!!
Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects
Paying the fee recommend at http://bitcoinfees.21.co/ has always worked for me.
If you transfer more than 100$ don't be stingy over a few cents.
The reason why the miner fee is increasing is because of the hard time to mine bitcoins. The reason is that there is a spam attack on the blockchain that causes delay and eats upon the blocksize. The miner fee was placed by the web wallet host and by the exchangers so that your btc transaction could be process much faster. The higher your miner fee the faster your confirmation will be.
Lols, hard time to mine bitcoins?
Please, spend alt least 5 minutes reading how bitcoin mining and block transaction work.
It's not even funny when poeple so involved in btc don't have a clue about the basics.
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