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Topic: Slow BTC Network (Read 1000 times)

full member
Activity: 336
Merit: 101
September 15, 2017, 01:33:46 AM
#38
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
I think it is because many miners now prefer to mine bitcoin cash than to mine bitcoin core because there seems to be more money in there, but they are forgetting that the little money they take to be nothing would add up to something big.
full member
Activity: 491
Merit: 105
September 14, 2017, 07:56:00 AM
#37
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
There are lots of transactions on the network that are not being confirmed and I think it is due to the fact there is now bitcoin cash in which miners prefer to mine these days since it seems profitable and so bitcoin core is now slow.
hero member
Activity: 574
Merit: 500
August 26, 2017, 03:08:09 PM
#36
We're supposed to start using Bitcoin Cash. It's soon to be the real Bitcoin.

LOL, It may be the ideas of the creator of bitcoin, Satoshi Nakamoto, but I think it will not be the bitcoin that we will be using everyday but the altcoin forked out of real bitcoin's block chain. Bitcoin Segwit will still be the original bitcoin in the eyes of the users.


Get a life shill.
legendary
Activity: 3178
Merit: 1128
August 26, 2017, 02:17:46 PM
#35
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
That depends on the payment option you used. Low priority options will likely take hours before getting confirmed, but high priority is always in minutes, based on my own experience. I made a transaction early this month, and it was successful within few minutes, same as other transactions I made. But if this started early, then it’s likely that miners are dropping or something like that. Well, no need to say cause I’m not much experienced in it.
member
Activity: 208
Merit: 84
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August 26, 2017, 10:42:44 AM
#34
I always use the ViaBTC transaction accelerator. I dont agree with ViaBTCs politics 100% but the transaction accelerator works great.

https://pool.viabtc.com/tools/txaccelerator/
Thanks!  I wasn't aware of this service, I'm going to give it a try with my next transaction.
legendary
Activity: 1834
Merit: 1036
August 26, 2017, 10:39:28 AM
#33
I have a transaction that was sent yesterday and till now its still shows unconfirmed. I tried using vicbtc transaction accelerator but it always say "submissions are beyond limit". Transaction is more than 24 hours now. Any suggestion you guys can give?
full member
Activity: 756
Merit: 133
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August 26, 2017, 10:37:26 AM
#32
I think maybe it's because of your transaction fees. Or there maybe alot of transactions happening on the blockchain. But, on my opinion I think it's because of your transaction fees. (Yea transaction fee does suck nowadays conpared to 2014-2016). More demand for bitcoin = More transactions.
newbie
Activity: 56
Merit: 0
August 26, 2017, 10:31:42 AM
#31
gone those days , when you could send micro transaction. 115,260 satoshis  on bitcoinfees21. 5 dollars for a standard transaction is too much.
That is absolutely ridiculous. However, considering that it only takes about an hour, vs a wire transfer's fee and delivery time, I guess it's not bad at all.
newbie
Activity: 50
Merit: 0
August 26, 2017, 10:30:00 AM
#30
gone those days , when you could send micro transaction. 115,260 satoshis  on bitcoinfees21. 5 dollars for a standard transaction is too much.
sr. member
Activity: 575
Merit: 250
August 26, 2017, 10:28:17 AM
#29
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?

I think the confirmation time of each delayed transaction is normal, which is what we will all meet at least once when using bitcoin. It's just a coincidence, so do not worry too much about it.
newbie
Activity: 56
Merit: 0
August 26, 2017, 10:26:44 AM
#28
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?


I actually have been having the same problems as you man, and it really is irritating and testing my patience. Specially now that i need it as soon as possible. I really don't know the reason why this is happening. But a friend of mine told me that the reasons maybe the slow internet connection(which is pretty common here in my olace), spams in the network that people who are trying to take advantage of the current split are doing or choosing low fee transactions. So maby one of those is really the reason for this problem. I just hope this gets fixed soon.

Well, my connection is pretty fast. I just hope the Lightning Network gets up soon. This slow transactions are a pain.
full member
Activity: 252
Merit: 100
August 26, 2017, 09:05:42 AM
#27
Maybe it's a combination of the service that you're using and the miners doing on/off to BTC and BCC. You may want to post a link of your BTC transaction so people are able to take a look.
sr. member
Activity: 434
Merit: 250
August 26, 2017, 08:52:59 AM
#26
If mail-to-mail transactions like wallet-to-wallet transactions would have been quick,it would have been better.

You just say the right part, transaction fee only shows the priority of each transaction when queued, so you need to pay a reasonable fee. If you pay a low fee, your transaction will be pushed deeper. It will take a lot of time.
hero member
Activity: 714
Merit: 500
August 26, 2017, 08:31:11 AM
#25
One of the things that becomes an issue at this time right now is to confirm the time of your transaction using bitcoin long enough and it gives some speculations that are less pleasant for its growth. But they also have a favorable thing, it is better that we keep working and not too take much thought about the resolution of this issue. Because it is out there, it's been a lot of someone who is so much more to understand and comprehend the bitcoin and will surely soon may make a settlement of the problem the best.
hero member
Activity: 1400
Merit: 536
August 26, 2017, 08:25:51 AM
#24
Everyone started to complain about this, In the old times the transactions were very fast now very slow, I do not use Bitcoin when shopping anymore, Bitcoin is a good investment currency but certainly not suitable for everyday life.
full member
Activity: 448
Merit: 100
August 26, 2017, 04:10:55 AM
#23
If mail-to-mail transactions like wallet-to-wallet transactions would have been quick,it would have been better.
sr. member
Activity: 700
Merit: 275
August 26, 2017, 03:51:21 AM
#22

Bitcoin has got all the reasons to go up and hit the price of 10K or more. Bitcoin is very volatile and due to hard fork it has lifted up more than we thought previously. There will be more upgradation in the block chain which will surely gain our bitcoin more value. Also day by day more investors are coming into the picture. Not to forget big merchants are on the way too so that the bitcoin will get double the popularity as it has right now. So I'm sure it will rise now.
sr. member
Activity: 700
Merit: 275
August 26, 2017, 03:30:39 AM
#21

Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?



How much fees have you paid for each transaction and also are they same volume or different volume that you transacted. It would be obvious if they were of different volumes, because more the volume more time it will take to do the network confirmation. As simple as that. Fork has got nothing to do with it.
legendary
Activity: 1652
Merit: 1007
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August 26, 2017, 03:22:47 AM
#20
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?

I guess hash power s been switching betweer BTC and BCC, this is just a temporary phenomenon since large mines re going to increase their hash on both networks due to increased profitability. Not to mention BTC lighting network will be here soon.
sr. member
Activity: 1638
Merit: 300
August 26, 2017, 03:15:59 AM
#19
Sometimes even me also like that and when i check the blockchain record there so many adresses fall in line waiting for a confirmation somatimes fast and sometimes also too slow its because a lot of people withdrawing there bitcoins and transfer to there own wallet

Because there are a lot more of users that can pay more for their bitcoin to be transacted. There are some individuals that are always pissed with how the confirmations go but I think it is just how they handle the transaction. If they will be just paying a good fee for their transaction, there will be no problem.
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