Scaling issues | Bitcointalksearch.org

gribble

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Quote from: chesthing on August 24, 2017, 08:12:13 PM

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

The other users has same problem with you too, Bitcoin Fees Reach $8 Post Segwit Activation https://t.co/j1D5LJgl4s
It is bad for bitcoins the segwit activation on bitcoins network was doesn't worked,
I still can't believe that the BTC price is near its all-time highs. Maybe market ignores payments, sees BTC good enough for wealth storage or maybe Bitcoin is an ICO at NYC FinTech. Grin

BitcoinHodler

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Quote from: Sithara007 on August 26, 2017, 07:51:30 AM

A few weeks back, AntPool had no issues in including the low-fee transactions in the blocks which they mined. Then what is their problem now?

a few weeks ago the mempool was empty, there was barely enough transactions to fill one block and blocks were being mined normally and on time.
now there was a period of delay in finding blocks and then there was a big surge in transactions, probably even some spam attacks in there too.

Sithara007

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Is this an attempt by mining pools such as AntPool to sabotage the 2MB block size increment which is due in November? A few weeks back, AntPool had no issues in including the low-fee transactions in the blocks which they mined. Then what is their problem now?

pikebu

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Quote from: CraigWrightBTC on August 25, 2017, 02:13:01 AM

Wait until the activation of segwit2x/lighting network on bitcoin's network maybe it will fix scaling issues on bitcoins
and maybe it will makes time of confirmation will be more fast than now,
only wait the segwit2x/lighting network our hope to fixing scaling issues on bitcoins because the comunity has choose this desicions and solution to be bitcoins more better in the future.

The activation segwit2x has done, we don't wait for it just check SegWit2x status update and wait for the effect of segwit2x on bitcoins network, i think the segwit2x is still not stable on bitcoins network please check status update on this link below in English and Chinese
EN: https://t.co/T4IVsWnQ6z
ZH: https://t.co/jkVgxzuW86
I hope it help us to get new info about the segwit2x on bitcoins and as a part of comunity bitcoins, it will work. Good job.

virtualkeybuyer

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Quote from: chesthing on August 24, 2017, 08:12:13 PM

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

Why are you being so panic? Nothing can be confirmed in an hour it can take time and in this case confirmation can take up to 15 hours. I also used to panic in these types of situations but as time passes we learn from mistakes and I have learnt how to keep patience. Well it will take time just wait for it. Nothing to worry about. If it takes more than day then you should be worried not so early.

defined

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Quote from: Sithara007 on August 25, 2017, 12:48:58 AM

Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

Some of the miners (especially AntPool) is deliberately trying to push up the transaction fee, by rejecting all the low-fee transactions. Check the latest blocks mined by AntPool. Almost all of them are significantly less than 1 MB.

You are right. Centralization in mining pools is bad, https://blockchain.info/blocks/AntPool shows this:
0.34 kB
0.34 kB
926.78 kB
684.12 kB
999.25 kB
0.34 kB
714.81 kB

exstasie

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Quote from: Vod on August 25, 2017, 01:11:44 AM

Quote from: pooya87 on August 25, 2017, 12:43:13 AM

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

Due to difficulty readjustments, it's a bit more complex than simple "leaving," but Bitcoin's hashrate did drop considerably when BCH's profitability shot upwards: https://twitter.com/cryptoSqueeze/status/900255329941835776

Quote

#Bitcoin hashrate dropped 50%+ from 8,000 Petahash to 4,000 Petahash in the past 5 days.
That explains most of the unconfirmed transactions

How much of this is Bitmain (and its proxies like ViaBTC), and how much of it represents regular BTC miners defecting to a more profitable coin? We really don't know. In the short term, the market doesn't seem to care; BTC continues to rise. But couldn't this be problematic if half of miners perpetually leave the BTC chain when BCH becomes more profitable? Seems like a recipe for network instability (and insecurity) and increasing confusion over which chain is more relevant.

musbeto

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Quote from: chesthing on August 24, 2017, 08:12:13 PM

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

I used to be like you but it confirmation time is up to 16 days. maybe you have fallen into a limited.

krishnapramod

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Quote from: exstasie on August 25, 2017, 12:59:05 AM

Quote from: chesthing on August 24, 2017, 08:12:13 PM

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

It could be worse. I had to send a transaction with ~420 satoshi/Byte fee to be included in the next block earlier. Tongue

It's no big deal. Bitcoin, as is, just isn't ideal for small payments and is pretty much impossible for micropayments. But we should have some patience here. Segwit was just activated, and compatible wallets will be rolling out in the coming days. Not only does that mean an immediate capacity boost (and cheaper fees), but it means we are one step closer to the Lightning Network. That could change everything, including making BTC micropayments sustainable again.

Yeah, patience is what we need. Majority of miners have no ideologies, simply profit driven. With accelerated mining, Bitcoin Cash is digging its own grave and in the process temporarily halting Bitcoins growth. Miners gaming on low difficulty of BCH and high transaction fees of BTC isn't going to last forever. BCH is dropping and sooner or later the price would drop to the point where even low difficulty wouldn't be enough to retain miners.

Bitcoin price is going strong, the increasing fee/congestion is a concern, it would take some time for the whole network to switch to Segwit transactions. This is why we need LN, you don't have to entirely depend on miners.

CraigWrightBTC

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Wait until the activation of segwit2x/lighting network on bitcoin's network maybe it will fix scaling issues on bitcoins
and maybe it will makes time of confirmation will be more fast than now,
only wait the segwit2x/lighting network our hope to fixing scaling issues on bitcoins because the comunity has choose this desicions and solution to be bitcoins more better in the future.

ebliever

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Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

Thanks for the comedy here. I just hope for your sake you are one of the BCH miners who is grabbing the accelerated block rewards and dumping them on the suckers supporting BCH so you can earn BTC. Only a small portion of BCH has become available to be dumped so far, so as the rest comes online at sites like Coinbase and Polo BCH will be dumped to oblivion.

BCH offers 45 blocks an hour one day, and one block in six hours the next. But it hardly matters because the blocks are empty either way. BCH will be remembered as a prominent scamcoin. Hopefully most of those who get burned buying it up will leave crypto and give us some peace in the future.

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Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

Bitcoin Crash is going to fail, just like the previous attempt to sabotage the original coin. Just look at what happened with Bitcoin XT and the same people are behind Bitcoin Crash too. The only reason why Bitcoin Crash is doing good at this moment, is because the miners are greedy and Bitcoin Crash is currently more profitable to mine.

People will dump their Bitcoin Crush and then transaction volumes will decline and miners will move back to BTC. It is as simple as that. ^smile^

pooya87

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Quote from: stompix on August 25, 2017, 12:54:20 AM

Quote from: pooya87 on August 25, 2017, 12:43:13 AM

Quote from: chesthing on August 24, 2017, 11:48:20 PM

Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

Actually wtf are they doing?
482571 000000000000000004d21da54c6ddd86c6b20cf07ba0c46a8f0df7df27891b4a 2017-08-25 04:48
482562 000000000000000004f3234e874067c7a7d55066145fda4fd76dcb2657df2150 2017-08-25 04:18

10 blocks in 30 minutes?
At the speed they are going right now we're going to see them halving in a few months:)))

This is a desperate move to attract miners and weaken bitcoin but I don't think they have any chance of success.

well, it is a messed up situation right now. and it is partly a hidden shenanigan performed by miners too. you see when bitcoin cash was released they had plans on reducing the difficulty like this and because of that it was obvious a situation like what we see now (super fast blocks) would take place temporarily until the difficulty is readjusted again.
so the miners waited and let the hashrate remain low so the difficulty comes down. and as soon as it came down they ran to mine BCH so the hashrate shooted up (shot up?) like this and blocks are being found super fast!

the only good news is that this situation will not last forever. the difficulty has to rise at some point and then with ~10 min blocks on average and the much lower price, it will no longer be wise or profitable to mine BCH

i just hope we don't see difficulty swings like this every couple of weeks!

Quote from: Vod on August 25, 2017, 01:11:44 AM

Quote from: pooya87 on August 25, 2017, 12:43:13 AM

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

not ALL, but a significant amount of hashrate left and caused this. even if it is temporary.

https://blockchain.info/charts/hash-rate?timespan=15days 2 TH/S was lost on 22nd

Vod

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Quote from: pooya87 on August 25, 2017, 12:43:13 AM

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

exstasie

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Quote from: chesthing on August 24, 2017, 08:12:13 PM

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

It could be worse. I had to send a transaction with ~420 satoshi/Byte fee to be included in the next block earlier. Tongue

It's no big deal. Bitcoin, as is, just isn't ideal for small payments and is pretty much impossible for micropayments. But we should have some patience here. Segwit was just activated, and compatible wallets will be rolling out in the coming days. Not only does that mean an immediate capacity boost (and cheaper fees), but it means we are one step closer to the Lightning Network. That could change everything, including making BTC micropayments sustainable again.

stompix

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Quote from: pooya87 on August 25, 2017, 12:43:13 AM

Quote from: chesthing on August 24, 2017, 11:48:20 PM

Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

Actually wtf are they doing?
482571 000000000000000004d21da54c6ddd86c6b20cf07ba0c46a8f0df7df27891b4a 2017-08-25 04:48
482562 000000000000000004f3234e874067c7a7d55066145fda4fd76dcb2657df2150 2017-08-25 04:18

10 blocks in 30 minutes?
At the speed they are going right now we're going to see them halving in a few months:)))

This is a desperate move to attract miners and weaken bitcoin but I don't think they have any chance of success.

Sithara007

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Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

Some of the miners (especially AntPool) is deliberately trying to push up the transaction fee, by rejecting all the low-fee transactions. Check the latest blocks mined by AntPool. Almost all of them are significantly less than 1 MB.

pooya87

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Quote from: chesthing on August 24, 2017, 11:48:20 PM

Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

shimbark123

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It is because of the shitcoin we forked. The bitcoin cash, it is so sad that we had that coin. Personally I thought that, that coin will give us good thing but I am wrong sadly. That makes our transaction even more worse.

25hashcoin

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Quote from: chesthing on August 24, 2017, 11:48:20 PM

Quote from: 25hashcoin on August 24, 2017, 09:13:41 PM

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

https://bitinfocharts.com

Currently confirming in 2.5 minutes for BCH and 12.5 minutes for BTC with extremely high fees.

Topic: Scaling issues (Read 634 times)