Topic: Why is bitcoin becoming so god damn slow? (Read 5216 times)
Certainly is an issue. It's because miners choose payments with high transaction fees over ones with low transaction fees... fair enough I guess, annoying none-the-less. For now, i'd recommend only using BTC for payments that are at least 100 usd or over as micro-payments are a real pain in the ass.
Obviously the bitcoin is becoming so slow in having a transaction that almost that a 3days just having a really small transaction in the blockchain it is really because of the rapidly increasing bitcoin users in the globe so i guess they really need more miners and some sort of upgrade in the blockchain and we need another currency to use.
Well there is no better cryptocurremcy to use than Bitcoin really. Let us just wait and see what improvements they will do but I hope that they would do it sooner so that Bitcoin would come back as what it is used to be. It is true now that major countries have acepted Bitcoin like now and then thus results to the increasing number of users and the transactions of course. Miners really do benefit a lot with the increasing transaction fees of many to make it faster to be recieved.
It is the victim of its own success. That and the devs have their heads in their collective rectums.
Because the number of transactions are growing day after day. But on the other hand, BTC block size is still at 1mb and there is no technology like SegWit implemented. We need to do something about that to keep btc alive.
segwit is not the best thing we can do right now. With segwit the block size would be raised only by 1 more mb, while for example bitcoin unlimited could do it to 8 mb and all the transactions could be processed with having really low fees, in this way even more people would start using bitcoins and more people would be investing in it as right now it is pretty much not usable at all. Just look at it it's ridiculous how you have to pay like a dollar to transfer a dollar. I know a lot of people are against bu but to be honest there is nothing to be against about it, we could do bu and then after some time and adoption implement segwit as well. It looks like it's more about politics not about the users.What I have seen is that BU has many bugs which can compromise Bitcoin reputation and it will give more power to miners (that are already ruling the Blockchain as they wish). Don't you think BU is dangerous for Bitcoin future?
And how they are trying to implement BU seems a bit forced, no? (HardFork).
Because the number of transactions are growing day after day. But on the other hand, BTC block size is still at 1mb and there is no technology like SegWit implemented. We need to do something about that to keep btc alive.
segwit is not the best thing we can do right now. With segwit the block size would be raised only by 1 more mb, while for example bitcoin unlimited could do it to 8 mb and all the transactions could be processed with having really low fees, in this way even more people would start using bitcoins and more people would be investing in it as right now it is pretty much not usable at all. Just look at it it's ridiculous how you have to pay like a dollar to transfer a dollar. I know a lot of people are against bu but to be honest there is nothing to be against about it, we could do bu and then after some time and adoption implement segwit as well. It looks like it's more about politics not about the users.
Because the number of transactions are growing day after day. But on the other hand, BTC block size is still at 1mb and there is no technology like SegWit implemented. We need to do something about that to keep btc alive.
You picked a bad time to get into BTC. It has been slow for a little while now. This last few weeks have ramped up how bad it is getting.
Here come the 2 and 3 dollar fees! BTC is becoming only useable for richer countries. Poor countries need not apply now as most people there make less than a few dollars a day.
BTC is going in the wrong direction. It needs to change. Stop transacting bitcoin and send miners a message.
Here come the 2 and 3 dollar fees! BTC is becoming only useable for richer countries. Poor countries need not apply now as most people there make less than a few dollars a day.
BTC is going in the wrong direction. It needs to change. Stop transacting bitcoin and send miners a message.
Obviously the bitcoin is becoming so slow in having a transaction that almost that a 3days just having a really small transaction in the blockchain it is really because of the rapidly increasing bitcoin users in the globe so i guess they really need more miners and some sort of upgrade in the blockchain and we need another currency to use.
I've sent a 5$ transaction last night with a 1$ FEE , which is ridiculous btw , and up until today it still hasn't been confirmed + I haven't got what I paid for. Thanks bitcoin.
The fees we have to pay were too high since bitcoin price increases which seems unfair because we can't fully enjoy the bitcoin price. So every transaction is so important that we need to spend a lot and wait till its confirmed .
I've sent a 5$ transaction last night with a 1$ FEE , which is ridiculous btw , and up until today it still hasn't been confirmed + I haven't got what I paid for. Thanks bitcoin.
...aaaaand the unconfirmed transactions are currently more than 200,000 
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
Just seen a 95BTC transaction below zoom by
yeah, it's going to pile up if this situation continues on. They won't be changing anything until they bring bitcoin down and it isn't that profitable for them anymore and with that going on and maybe that dump everyone's talking about, we might be seeing some interesting things develop.
Hello,
I was under the impression that this new currency was fast, my first payment took 3 days to confirm, was told it was something about the fees, i now have increased my fees and i've waited 2 hours, nothing..
can someone tell me why this payment wont just confirm already?
https://blockchain.info/tx-index/93d43009a1efd4a9fdc4b63e8126599234ac2fb433097095c496445040e6240e
this bitcoin thing is absolutely horrible, the fee is constantly increasing and the delay seems insane, can't be used with trust when payments are days delayed everytime you don't want to spend 10% of the amount you send in fees.
As far as i understand, there is some kind of problem between old way of mining and new way of mining bitcoin. People who mine bitcoin old way do not want to chance to new way, because that would bring them less money. New way of mining is faster, because if i understood right, it use some kind of new way of mining, and that gives faster processing of data, and faster transfer of bitcoin. I hope they will fix that soon, because it can affect bitcoin in bad way. I was under the impression that this new currency was fast, my first payment took 3 days to confirm, was told it was something about the fees, i now have increased my fees and i've waited 2 hours, nothing..
can someone tell me why this payment wont just confirm already?
https://blockchain.info/tx-index/93d43009a1efd4a9fdc4b63e8126599234ac2fb433097095c496445040e6240e
this bitcoin thing is absolutely horrible, the fee is constantly increasing and the delay seems insane, can't be used with trust when payments are days delayed everytime you don't want to spend 10% of the amount you send in fees.
Hilarious and predictable. A new bitcoin user comes to the community and expresses dissatisfaction. Then the community calls him stupid.
You know, you guys wonder why Bitcoin is falling in dominance and this is it right here. You guys aren't ready for mainstream adoption. Now sit back and let better crypto currencies come to the front.
As the dominance level as well the price has started to decline we can't say that bitcoin is damn slow and some other digital currency will take the lead making path for mainstream adoption. Lot cryptocurrency were giving hard competence, but those coins gain attention from users for a short during the time of price pumping.You know, you guys wonder why Bitcoin is falling in dominance and this is it right here. You guys aren't ready for mainstream adoption. Now sit back and let better crypto currencies come to the front.
I really miss those old days when a confirmation took just 10 minutes and you didn't need to think about fees.
In the old days bitcoin was still very low in value and the mining difficulty was very low and thus a very fast transaction was the trend. But those fast transactions were full of double spend transactions and was very problematic. Thus confirmation were placed so that double spending will be resolved. But later on confirmation was very slow due to the huge traffic in the blockchain network as well as the increased difficulty in mining. Thus the initiative to place a higher fee was now the trend to get a high priority and fast confirmation.
Bitcoin super slow past few days. I'm not a Bitcoin hater by any means, I love it, but come on, lets get this resolved.
Because really, if this keeps going on and there's faster coins, what advantage does Bitcoin have? Again, I'm not a hater
just a realist.
I also love bitcoin, but the slow transaction process on bitcoin makes me very uncomfortable. Because it's very disturbing my transaction activity Because really, if this keeps going on and there's faster coins, what advantage does Bitcoin have? Again, I'm not a hater
just a realist.
...aaaaand the unconfirmed transactions are currently more than 200,000
https://blockchain.info/unconfirmed-transactions
https://blockchain.info/unconfirmed-transactions
with that said I strongly disagree with what holiday and QuestionAuthority are trying to convince others about. bitcoin is not some millionaires' money to just move around their $20,000 around the world.
I never suggested such a thing.
Bitcoin's use case is obvious. When other forms of value transfer or value storage are censored, Bitcoin is clearly the logical choice.
Governments around the world continue to implement increasingly onerous capital controls with no hint of stopping or even slowing down. Bitcoin is the answer.
It's ridiculous to think that a solution which requires storing every single transaction in it's history forever is going to be useful for daily, mundane purchases (at least as far as on-chain transactions are concerned).
No matter how high is the fee, bitcoin is still the best option for the users and for the governments (if they think in a positive way) too. Now is the time to get rid of banking system and the paper money and move towards the digital era. Blockchain is a bit slow due to increased volume of bitcoin transactions which are taking place every second.
Bitcoin super slow past few days. I'm not a Bitcoin hater by any means, I love it, but come on, lets get this resolved.
Because really, if this keeps going on and there's faster coins, what advantage does Bitcoin have? Again, I'm not a hater
just a realist.
Because really, if this keeps going on and there's faster coins, what advantage does Bitcoin have? Again, I'm not a hater
just a realist.
Why don't you try other coin for transaction,
Bitcoin is really becoming slow I just wish we could get it back like the old days like it is very fast to transfer bitcoin.
Bitcoin is really becoming slow I just wish we could get it back like the old days like it is very fast to transfer bitcoin.
There are attacks guys, so this is normal. The groups who doesn't want bitcoin are creating tons of fake or small transactions so that they make the network cannot work anymore. They're making blockchain busy for nothing.
See, if these were spam attacks the occurred as a means of just inconveniencing people then I would say that it makes a lot more sense, however it consistently seems like these spam attacks are being used as a means of driving up the fees required to transact and not just as a means of shoving transactions further down the queue.I don't believe that it's making the blockchain busy for "nothing".
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