Topic: Still getting hit with 1+ hour confirm times, sometimes 6+ hours... (Read 915 times)
February 05, 2017, 04:30:45 AM
Getting hit with more than an hour confirmation time and sometimes even more is very common topic or problem nowadays in thia community. You'll get use to it soon. It is natural because bitcoin took a huge leap in increase of its value and many people became interested to venture on it!
February 04, 2017, 10:21:13 PM
..so nothing is going to be done... STILL? 
How much did you send and pay as tx fee ? I waited 2 days nearly but it got sent back to my address since I never put enough to fee on it .
There is a website that tells you how much to pay per byte. Forgot its name just google it. Easy to find. You should k ow this since ypu a professional Googler
February 04, 2017, 09:51:19 PM
Choose recommended fees if you care abiut the confirmation time, but I am mostly sending my money to other wallets that I own and I really don't care about it.. so that's why I am using just 0.0001BTC in fees for all transactions, and they get confirmed in about two days.
Two days?
That made me laugh when I read your post. Even if you are sending your Bitcoins to your other wallets it is still not an excuse that it takes 2 days. Are you happy with the state of Bitcoin now? Are you ok that the mempool transaction count keeps going at 60,000? If Segwit does not activate this will be a regular situation.
February 04, 2017, 02:42:12 AM
Choose recommended fees if you care abiut the confirmation time, but I am mostly sending my money to other wallets that I own and I really don't care about it.. so that's why I am using just 0.0001BTC in fees for all transactions, and they get confirmed in about two days.
February 04, 2017, 02:37:56 AM
Yes I put MINIMUM now 0.0002 for fee, and 0.0003+ if I want super quick confirms.
it's now how it work, you must look at the size of your transaction, to determine the correct amount of fee, some transaction are heavy and require 100k satoshi or more
the 20k-30k satoshi is just the bottom now not even the average, still it's not expensive at all to send any transaction
February 04, 2017, 02:37:23 AM
Yes I put MINIMUM now 0.0002 for fee, and 0.0003+ if I want super quick confirms.
Why my friend pay 0.01 btc to the miner, and he waited for 5 hours to get 1 confirmation, the reason is not the fee, it is about slow transaction, only Lightening network can save bitcoin.
February 04, 2017, 02:34:11 AM
Maybe you need to put higher fees. So far all my transactions are pushing through within an hour or less. I usually just set it at a high amount like 0.0002 and don't really compute for it.
Is bitcoin really coming to that level ? Pay more to get fast service ? Sounds like my Internet Provider. Maybe you are placing low fees and that is causing the problems for you. You can also use the free tool at viabtc, if the fees are above 0.001 then they can accelerate your transaction for free.
0.001 is quite a lot of money considering the bitcoin's price right now.I agree with the OP,two things need to be worked on
-Faster Transactions
-Protecting Double Spends.
February 04, 2017, 02:30:18 AM
--snip--
That is still not an excuse sadly. This will not be good for the price and for the long term interest from its own real users. Meaning the buyers and sellers of the dark markets not the buy and holders. That is one of the biggest part of Bitcoin's economy. Alphabay sellers have started accepting XMR, if more dark markets accept it because of the lack of Bitcoins's development in fixing the growing problem of transactions always taking hours to confirm expect no. of users to fall.
Of course nobody in bitcoin world is happy with transaction fees and confirmation time anybody faces last days except miners, who earn very good profit. Besides that, as far as it concerns Alphabay or Oasis or any market related with deep web, has nothing to do with bitcoin's transactions issue but with some very important features people want when they visit these sites. These features are the anonymity and non traceability which obviously are not included in the characteristics neither bitcoin nor ethereum so their users found another crypto according to deepdotweb
February 04, 2017, 01:40:35 AM
..so nothing is going to be done... STILL?
I think something must be done. We must decrease block size to 0.5 mb February 04, 2017, 01:27:00 AM
..so nothing is going to be done... STILL?
I think something must be done. We must decrease block size to 0.5 mb 
February 04, 2017, 01:21:21 AM
..so nothing is going to be done... STILL?
I think something must be done. We must decrease block size to 0.5 mb 
February 04, 2017, 01:13:07 AM
Maybe you need to put higher fees. So far all my transactions are pushing through within an hour or less. I usually just set it at a high amount like 0.0002 and don't really compute for it. Maybe you are placing low fees and that is causing the problems for you. You can also use the free tool at viabtc, if the fees are above 0.001 then they can accelerate your transaction for free.
For last few days, the bitcoins transactions are taking larger than normal time ot get get confirmed even on normal fees. Putting a higher fee is one solution to the slow blockchain confirmations.
We need to find out what is the main reason of blockchain slowness so that this issue can be solved properly.
February 04, 2017, 01:06:29 AM
..so nothing is going to be done... STILL?
I think something must be done. We must decrease block size to 0.5 mb February 04, 2017, 12:58:31 AM
Until BTC core devs actually fix it ,
Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
There is always a third option, to wait. It will take few hours but it will go through. It is not like we use bitcoin to buy food from grocery shop and need ultra fast confirmations for that.Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
But I agree, something needs to be done about this, this fee war needs to stop. You can't use argument that bitcoin is dirt cheap to transfer anymore.
That is still not an excuse sadly. This will not be good for the price and for the long term interest from its own real users. Meaning the buyers and sellers of the dark markets not the buy and holders. That is one of the biggest part of Bitcoin's economy. Alphabay sellers have started accepting XMR, if more dark markets accept it because of the lack of Bitcoins's development in fixing the growing problem of transactions always taking hours to confirm expect no. of users to fall.
February 04, 2017, 12:50:46 AM
Until BTC core devs actually fix it ,
Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
There is always a third option, to wait. It will take few hours but it will go through. It is not like we use bitcoin to buy food from grocery shop and need ultra fast confirmations for that.Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
But I agree, something needs to be done about this, this fee war needs to stop. You can't use argument that bitcoin is dirt cheap to transfer anymore.
February 04, 2017, 12:30:20 AM
..so nothing is going to be done... STILL?
The miners have the power and it is in their hands now. They could go for a soft fork and activate Segwit or agree to do the hard fork and go for Bitcoin Unlimited, Classic or XT. Maybe they are waiting for Chinese developers to make a new implementation and go for that, who knows. Maybe Satoshi should have used a Chinese name instead.
February 04, 2017, 12:29:52 AM
While I'm definitely now getting a vibe that something has to change, the only recommendations that I can really make right now are to start stacking larger fees onto transactions until something is decided upon by the community. If that can be done, then we might be able to get somewhere and figure out how to fix this.
Right now the 0.0002 fees sound like one of the best plans.
Right now the 0.0002 fees sound like one of the best plans.
February 04, 2017, 12:22:50 AM
Until BTC core devs actually fix it ,
Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions
If the number is over 10 thousand then all you can only do is the following:
Pay an insanely high BTC fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)
There are no other options at the present time.
February 04, 2017, 12:16:41 AM
If you want a censorship proof transaction confirmed in about 10 minutes, you are going to have to pay the going market rate. I hate to break it to you, but it's worth FAR more than what you are paying now.
The Bitcoin network doesn't secure itself. The security must switch from block subsidies to transaction fees, and there is no time like the present to start that process.
Spoiled brats complain about the cost of fast confirmation because they remember a time when there was no demand for such things.
Those who think on-chain scaling is a solution to this need to grow a set of balls and fork to a chain with blocks bigger than 1MB. Again, no time like the present.
The Bitcoin network doesn't secure itself. The security must switch from block subsidies to transaction fees, and there is no time like the present to start that process.
Spoiled brats complain about the cost of fast confirmation because they remember a time when there was no demand for such things.
Those who think on-chain scaling is a solution to this need to grow a set of balls and fork to a chain with blocks bigger than 1MB. Again, no time like the present.
I hate to break it to you, but it is starting to NOT become worth it unless you are doing larger amounts of money.. if it keeps up we'll be paying just as much if not MORE than the current banking systems amd places like WU will be HAPPY about it.
But okay, keep telling the CUSTOMER and USER of Bitcoin he is wrong and needs to just suck it up or go somewhere else -- and that he will.
February 04, 2017, 12:11:23 AM
If you want a censorship proof transaction confirmed in about 10 minutes, you are going to have to pay the going market rate. I hate to break it to you, but it's worth FAR more than what you are paying now.
The Bitcoin network doesn't secure itself. The security must switch from block subsidies to transaction fees, and there is no time like the present to start that process.
Spoiled brats complain about the cost of fast confirmation because they remember a time when there was no demand for such things.
Those who think on-chain scaling is a solution to this need to grow a set of balls and fork to a chain with blocks bigger than 1MB. Again, no time like the present.
The Bitcoin network doesn't secure itself. The security must switch from block subsidies to transaction fees, and there is no time like the present to start that process.
Spoiled brats complain about the cost of fast confirmation because they remember a time when there was no demand for such things.
Those who think on-chain scaling is a solution to this need to grow a set of balls and fork to a chain with blocks bigger than 1MB. Again, no time like the present.
Jump to: