Topic: Unconfirmed transactions || What is the reason? (Read 493 times)
If you did have give enough fees then it will not get confirmed.
Honestly , I think that the high value of unconfirmed transaction is the biggest problem in Blockchain , as well, It is one of the reasons for the decreased price in this period.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.
This thread was opened at the height of bitcoin price surge, that's why the confirmation is very slow and the cost of transaction is very high. But if you are going to check it today, its down to around 50K unconfirmed tx.
https://blockchain.info/unconfirmed-transactions
It seems like transactions are now sent much faster and fees have lowered. Although the Lightning Network is still in test phase on the test net, people are already using it, which devs are not so happy with. Because there still some work to do. Hopefully LN will be live soon and transactions will sent properly.
I assumed that more and more bitcoin users are moving to Segwit wallet. Its much cheaper and tx are very quick. Although with the legacy address, its still cheap but not cheaper as Segwit address. And when LN is implemented this whole scalability problem will be resolved.
Quote
Which fee should I use?
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 40,680 satoshis.
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 40,680 satoshis.
https://bitcoinfees.earn.com/
The transaction times are slower for smaller amounts and if you don't pay the miners higher fees. The higher the fee you pay, the sooner your transaction should confirm. It seems Bitcoin works better for the larger amounts that are transferred. Litecoin seems to be a better choice for lower fees and is much faster when doing smaller transactions.
It seems like transactions are now sent much faster and fees have lowered. Although the Lightning Network is still in test phase on the test net, people are already using it, which devs are not so happy with. Because there still some work to do. Hopefully LN will be live soon and transactions will sent properly.
Honestly , I think that the high value of unconfirmed transaction is the biggest problem in Blockchain , as well, It is one of the reasons for the decreased price in this period.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.
When it comes time for unverified transactions to be done all must be verified good days wish.
You might have confused the movement of the prices in the market to unconfirmed transactions. Make sure you check them properly because I don't think Bitcoin allows them to be unconfirmed.
Unconfirmed transaction is mostly cause by a network congestion due to any peblem, recently crypro kitties make this problems posible. There is a solution in this kind of problems. Sometimes increasing gas is the only way to transact faster in any trade sites.
probably because of the increase of bitcoin users, resulting in a disturbing transaction that is usually quick response so takes time
and this problem should not be considered trivial as there is a solution
and this problem should not be considered trivial as there is a solution
Since Bitcoin prices and value is always moving, it can be typical to see other investors and traders who hold on to their btc, finding ways to secure them.
Circumstances occur that we make transactions far more than what we can and that also happens in Bitcoin. That is not something a hacker would do but might be due to your carelessness.
To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?
Maybe scalability problem, maybe on purpose bitcoin casher attacks, maybe micro transaction attacks. We don't know. Hopefully, the miners stay high against this. The current fee is very high honestly.
the number of stacked shipping requests that cause the system to run slowly, usually any increase in Well Unconfirmed transactions will take too long, or the fee is too small, try on the rise
To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?
That is because of the price points were too high and many people want to buy BTC and Cash out. Even Ethereum nowaday has serious problem with transaction confirmation due to Kryptokitties.
Bitcoin is very popular now soo we will expect this happenings like unconfirmed transactions due to volume of send and recieve the blockchain has problem for processing each transaction but am sure it will be fine soon and im 100% sure for that esp when the time btc will be recognized to wholeworld.
bitcoin is getting bullish, even government and almost all of media expose about bitcoin, then it's volatile in short.
that's what makes the network traffic been high. some of people sending and keep sending to make profit when they see bitcoin is so high or hit new ATH. Tons of unconfirmed transactions per second.
So, if you want to be the priority one, you need to send your bitcoin with higher fee.
Probably it's really high for fee, but it worth as much as if you're urgent.
that's what makes the network traffic been high. some of people sending and keep sending to make profit when they see bitcoin is so high or hit new ATH. Tons of unconfirmed transactions per second.
So, if you want to be the priority one, you need to send your bitcoin with higher fee.
Probably it's really high for fee, but it worth as much as if you're urgent.
To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?
Clearly, the blockchain is congested as people went frenzy since the value of btc have tremendously leapt to greater heights. Lots of new investors who want in on the train hoping for a good profit. And with that, transactions piled up while miners prioritize those who pay higher fees. It doesn't really matter if you paid the recommended fees if there are others out there who paid triple of what you paid for. And surely, a huge percentage of those unconfirmed transactions are small ones who paid lower fees.
To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?
Op what you're referring to is called congestion and it's happening for quiet a while now, this is nothing new and most of us here know it. Well it's always is due to the amount of fees, even if it's due fees as per transaction
I remember in last few days I made 1k transactions twice, once I paid 12$.and it went in a zifffy, second time due fees was 1.45$ and it took a longer time. In the end its down to miners who earn the fees, and try and do transactions during the night it confirms faster.
The situation is getting worse as i see. As stated by a lot of people, the transactions are increasing because every bitcoin holder is trying to sell a portion of their bitcoins seeing the big price, and because of that, the network is getting even more overloaded with unconfirmed transactions.
In my case, i have tried accelerators as well from this forum or outside, nothing worked so far. I'm not actually desperate for getting profits or selling because of the high price, but i need the money urgently. I was also thinking of making another transaction leaving the current transaction in the network and let it get confirmed later on, but the fees are bothering me again. I'm having to pay around $50 for the transaction which a lot for me.
In my case, i have tried accelerators as well from this forum or outside, nothing worked so far. I'm not actually desperate for getting profits or selling because of the high price, but i need the money urgently. I was also thinking of making another transaction leaving the current transaction in the network and let it get confirmed later on, but the fees are bothering me again. I'm having to pay around $50 for the transaction which a lot for me.
Unfortunately block size in combination with high fees again causing big problems,only thing we can do now is wait like many time before.It is strange that we have SegWit but exchanges/wallets providers in generally still do not use it.Allegedly Lightning Network is in the final stage of testing and this in combination with SegWit would mean that such things not happen anymore.
To some such kind a development is not good,and of course they are miners which in the current situation generate extra profits while users competing who will pay a higher fee and get transaction confirmed.One thing is for sure,something has to change in order to fix scalability of blockchain.
To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?
I guess we can't always have it both ways yesterday I made a transaction too, paid the required fee and till this moment, its still very much unconfirmed. I tried using viabtc accelerator, its always full even when I tried at the exact hour. I thought it had something to do with the fee but no, its just the network we have to live with it. Hopefully when the whole of this spiral increase in bitcoin settles, we get to have more shorter time of confirmation that what we are witnessing now.
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