Transaction takes a long time to confirm?

unholycactus

legendary

Activity: 1078

Merit: 1024

I have transfered bitcoin since the morning till now it take 53 confirmations but still not finish.
My receiver use vipbitcoin.
Anybody know why it take so long and too many confirmations?
https://blockchain.info/address/1DksmfoBX26PHjFYGjAR3heeigPhZwZfye

Huh

I was wondering why OP was talking about GLBSE, then I realised this was a post from 2011.

Avoid bumping very old threads, you should probably have made a new one instead.

To answer your question, it probably has to do with the fee you paid. The lower the fee, the longer it takes.

compro01

hero member

Activity: 590

Merit: 500

there's been some periods lately where it takes an unusually long time for a block to be found.

for example, about 3 hours ago, it took almost an hour for a block to be found.

Chris Acheson

sr. member

Activity: 266

Merit: 251

From the list of unconfirmed transactions, it looks like the high-priority transactions all pay a fee of 0.01 BTC. There might still be a decent number of miners/pools out there using older software that has 0.01 as the minimum transaction fee, and lumps anything lower in with the free transactions.

hsf_context

member

Activity: 67

Merit: 10

It's already confirmed by now. I just don't want this to happen everytime I send out bitcoins, it's deterring me from buying anything Sad

But it happened to your occasionally? I guess I just struck bad twice.

Chris Acheson

sr. member

Activity: 266

Merit: 251

I've had that happen occasionally. You can check the list of unconfirmed transactions to see what kind of priority you have: http://bitcoincharts.com/bitcoin/

hsf_context

member

Activity: 67

Merit: 10

An hour to get the first confirmation. After the transaction (finally) shows as confirmed, the confirmation count increases like normal.

Chris Acheson

sr. member

Activity: 266

Merit: 251

Quote from: hsf_context on July 23, 2011, 11:30:14 AM

Is it normal for a transaction to take more than an hour to confirm? This is the second time I'm sending bitcoins and both take a long time to confirm.
The first transaction took about 30 minutes and my latest transaction to GLBSE hasn't been confirmed and it's been almost an hour.

Do you mean an hour to get the first confirmation, or an hour to get 6 confirmations and show as "confirmed" in your client?

The first confirmation typically takes around 10 minutes, but exchanges and such won't update your balance until they have 6 (or more?) confirmations, hence why it takes an hour.

hsf_context

member

Activity: 67

Merit: 10

Is it normal for a transaction to take more than an hour to confirm? This is the second time I'm sending bitcoins and both take a long time to confirm.
The first transaction took about 30 minutes and my latest transaction to GLBSE hasn't been confirmed and it's been almost an hour.

Topic: Transaction takes a long time to confirm? (Read 21318 times)