transactions are not going or very slow - page 4.

alani123

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Quote from: matt4054 on June 14, 2016, 03:40:55 PM

Quote from: alyssa85 on June 14, 2016, 03:38:01 PM

When the price rises the network gets congested because everyone decides to send coins to exchanges.

You need to age your coins, or only pick the oldest inputs to make up your output, otherwise you will be low priority.

Yes, although aging coins car be difficult especially for newcomers buying from exchanges.

The stats show that it's still efficient to raise the fees to 50+ sat/B in order to "bypass" the queue to some extent, but this extra fee burden is probably not wanted in the long run, although this amount to politics in the end.

Does it really though? Your latest tweet is quite telling, a (>30 MB) unconfirmed transaction backlog (as of now ~24 Mb in my node) isn't something we see frequently. There was no backlog of that size in previous spikes too. Optimas fees to give transactions a high priority are still higher than 50+ sat/B but it's almost certainly not going to be like that in the long run, this has been the case with all mempool transaction spikes so far. It's also probable that someone is clogging the blockchain on purpuse now that the price is rising to make x side of this political arguement seem more valid.

Carlton Banks

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Quote from: alyssa85 on June 14, 2016, 03:38:01 PM

When the price rises the network gets congested because everyone decides to send coins to exchanges.

You need to age your coins, or only pick the oldest inputs to make up your output, otherwise you will be low priority.

I've been tempted to make this point myself recently, but I'm not sure how much practical difference it makes. I've been using a mixture of pretty old and pretty new outputs since the blocks finally started becoming full, and it was helping a few months ago. But today, I think most miners have altered the way they treat tx priority, in anticipation of the entire scheme being dropped in favour of a pure fee market to determine confirmation priority. Only anecdotal evidence though, I don't know for a fact if significant numbers of miners actually have changed priority treatment, it just appears that way.

matt4054

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Quote from: alyssa85 on June 14, 2016, 03:38:01 PM

When the price rises the network gets congested because everyone decides to send coins to exchanges.

You need to age your coins, or only pick the oldest inputs to make up your output, otherwise you will be low priority.

Yes, although aging coins car be difficult especially for newcomers buying from exchanges.

The stats show that it's still efficient to raise the fees to 50+ sat/B in order to "bypass" the queue to some extent, but this extra fee burden is probably not wanted in the long run, although this amount to politics in the end.

alyssa85

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When the price rises the network gets congested because everyone decides to send coins to exchanges.

You need to age your coins, or only pick the oldest inputs to make up your output, otherwise you will be low priority.

matt4054

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Activity: 1946

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See this thread for an explanation about the block chain jams...

Kprawn

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I have done 3 transactions today on-chain and I used a slightly higher fee that were required as a minimum and it went through without delays. I think we might just have reached the volumes that the

Blockchain could handle in some of the blocks. The wallet providers can lift the fees, but if the blocks are full, no increased fee will help you to get it through quicker. I am checking the blocks as we

speak and it looks pretty congested at times.. Roll Eyes

I am still floating between being a small or big block supporter.. mby SegWit and the Lightning network will help me make up my mind. Grin

alani123

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What wallet are you using? Perhaps your wallet isn't calcuating transaction fees correctly. If it set fees low your transactions will process more slowly.

amacar2

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I have already deposited in yobit and exchanged my bitcoin without any delay. I think it took 25 minute for 2 confirmation with 20000 satoshi as fee to make it fast.

onlinedragon

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Quote from: cryptohunter on June 14, 2016, 02:11:47 PM

same for me sent 6 hours ago.....no confirms. Standard fee.

Same issue here did Primedice withdraw 6 hours ago. Still there were 0 confirmation thought already this had something to do with the blockchain. Maybe there are extremely amounts of transactions and can't the blockchain handle it on time anymore.

cryptohunter

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MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

same for me sent 6 hours ago.....no confirms. Standard fee.

unamis76

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What kind of fees did you set for your transactions? I've been having no problems lately.

ggbitcoin000

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just started yesterday, several times to send the bitcoins to other addresses are not seem to be working well. used android bitcoin wallet and also greenaddress to send several times. most of them are not working or few of them happened very slow (had to wait overnight). Anyone else experiencing??

Topic: transactions are not going or very slow - page 4. (Read 2360 times)