Why is fee still high (6000 unconfirmed transactions) - page 2.

Kprawn

legendary

Activity: 1904

Merit: 1074

Quote from: Clement Kaliyar on February 05, 2017, 05:53:19 PM

Quote from: franky1 on February 05, 2017, 10:24:09 AM

Quote from: franky1 on December 06, 2016, 10:53:21 AM

take the way devs implemented the tx fee.. not only subverting coded methods of 'priority' which would have alleviated the war, but also using 'averages' which dont make the fee's drop reactively when demand is low. but actually keeps fee's up. even when one block is low demand.
EG take a 25 block average.. imagine first 24 are 0.0001 and the 25th is 0.0025 then look at the 'average' after that.. even if demand was near 0 and no one was pushing the fee up.... the "average" itself pushes up

yep even if blocks 26-75+ were near empty with just 2 tx's paying the estimate... the fee would rise

try it yourself. get a spreadsheet

Basically what you are trying to tell is that the core developers are trying their best to destroy what satoshi started in the first place.It is a monopoly and it will kill bitcoin in the long run.We are predicting values above $2000 and so on but transaction delays and increasing transaction fees will come and bite them in the end.

Do you think they actually care about what Satoshi wanted? They are in this for the money, and if SegWit and LN is not accepted.. they

will move on to another Alt coin that will accept it, and most probably move on to the next implementation. This will continue, until they

have reached their goal. The capitalist system working at it's best. Roll Eyes

aso118

legendary

Activity: 1918

Merit: 1012

★Nitrogensports.eu★

Quote from: kiklo on February 06, 2017, 08:20:50 AM

Quote from: pinkflower on February 06, 2017, 03:12:53 AM

I dont know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

Unconfirmed Transactions were very low around the time of your post , less than 4000.

But only a few hours later and the Unconfirmed Transactions have increased back up to 19590 Unconfirmed Transactions.
So it is getting slower already.

Always check https://blockchain.info/unconfirmed-transactions ,
before sending BTC , the higher the # the longer the delays.
Anytime the number is 10000 or below , BTC runs at normal speed.
Cool

41,379 unconfirmed transactions now, according to blockchain.info.
You don't need an attack for a transaction backlog these days. Unless the blocksize is increased, or segwit is implemented, we are going to have to get used to large confirmation times / high fees.

Slark

legendary

Activity: 1862

Merit: 1004

Quote from: kiklo on February 05, 2017, 11:59:42 PM

Locking oneself into one Coin service when there are plenty to choose from , is beyond stupid.
Competition is the only way to make the miners keep the fees lower,
No Competition between coins, then I hope you enjoy being butt-raped on fees, because that is exactly what the greedy miners are going to do to you.

Exactly this will cause fees to go lower over time, this situation can't continue. We have free market and competition will kick in.
Bitcoin is not only cryptocurrency, as soon as Bitcoin miners will realize that their greed is harming network.
Users are displeased with constantly rising fees and they will either chose other coin or ditch cryptocurrency in general.

susila_bai

hero member

Activity: 1260

Merit: 524

Quote from: requester on February 06, 2017, 09:53:31 AM

Quote from: kiklo on February 06, 2017, 08:20:50 AM

Quote from: pinkflower on February 06, 2017, 03:12:53 AM

I don't know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

Unconfirmed Transactions were very low around the time of your post, less than 4000.

But only a few hours later and the Unconfirmed Transactions have increased back up to 19590 Unconfirmed Transactions.
So it is getting slower already.

Always check https://blockchain.info/unconfirmed-transactions ,
before sending BTC , the higher the # the longer the delays.
Anytime the number is 10000 or below , BTC runs at normal speed.

Cool

oh my god it reached again 37000 Cry

why this happens can anyone explain here, please. I think ts because of spammy transaction that is a cyber attack on blockchain network. just I had checked twice once it was 3000 and next time it was 5000 so now I hoped that it would be around 3000 to 6000 but it shocked me because its 10 times more than my imagination.

This are due to lot of faucet transactions and other low volume gambling transaction are happening in the match time so you have to check that when ever their are sports matches running that time you will see high unconfirmed transaction due to heavy betting on other times you will see very less unconfirmed transactions as that time their wont be any match and only some of them are using the transfers.

and also the price rises so according to that the transaction fees also changes.

requester

sr. member

Activity: 280

Merit: 250

Quote from: kiklo on February 06, 2017, 08:20:50 AM

Quote from: pinkflower on February 06, 2017, 03:12:53 AM

I don't know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

Unconfirmed Transactions were very low around the time of your post, less than 4000.

But only a few hours later and the Unconfirmed Transactions have increased back up to 19590 Unconfirmed Transactions.
So it is getting slower already.

Always check https://blockchain.info/unconfirmed-transactions ,
before sending BTC , the higher the # the longer the delays.
Anytime the number is 10000 or below , BTC runs at normal speed.

Cool

oh my god it reached again 37000 Cry

why this happens can anyone explain here, please. I think ts because of spammy transaction that is a cyber attack on blockchain network. just I had checked twice once it was 3000 and next time it was 5000 so now I hoped that it would be around 3000 to 6000 but it shocked me because its 10 times more than my imagination.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: pinkflower on February 06, 2017, 03:12:53 AM

I dont know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

Unconfirmed Transactions were very low around the time of your post , less than 4000.

But only a few hours later and the Unconfirmed Transactions have increased back up to 19590 Unconfirmed Transactions.
So it is getting slower already.

Always check https://blockchain.info/unconfirmed-transactions ,
before sending BTC , the higher the # the longer the delays.
Anytime the number is 10000 or below , BTC runs at normal speed.

Cool

n691309

legendary

Activity: 1526

Merit: 1001

Quote from: Q? on February 05, 2017, 10:08:47 AM

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

Miners are pumping the transaction fees, this is very strange and unexpected from them, the number of unconfirmed transaction has been increased to 11k which is really high. To be up to date with the latest optimal fees we should check here https://bitcoinfees.21.co/

pinkflower

sr. member

Activity: 868

Merit: 259

I dont know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

cengsuwuei

hero member

Activity: 714

Merit: 516

#SWGT PRE-SALE IS LIVE

Quote from: Q? on February 05, 2017, 10:08:47 AM

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

standard fee in sending transaction 50 - 100k satoshi /Mb
if you use sending fee 140 satoshi/b or equal 140k satoshi/Mb i think you use sending fee is very high

mezzomix

legendary

Activity: 2702

Merit: 1261

Quote from: kiklo on February 05, 2017, 11:59:42 PM

Lower Fees and Faster Confirmations,
I can have both by using ... Altcoin. Cheesy

Until some people are using this Altcoin ... Cheesy

Amph

legendary

Activity: 3248

Merit: 1070

Quote from: Raimonn on February 05, 2017, 10:26:59 AM

Quote from: Q? on February 05, 2017, 10:08:47 AM

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

You can use lower fees now, using 100 s/b you transaction will be confirmed on one or two blocks (and with 80-100 s/b you can expect confirmation on 5-6 blocks). I use this web to see the optimal fee: https://bitcoinfees.21.co

where? i still see 120k satoshi per byte and it was in this range since months, nothing changed, the average is still 27k satoshi and previously was 22k, https://bitcoinfees.21.co/

requester

sr. member

Activity: 280

Merit: 250

Quote from: pooya87 on February 06, 2017, 12:20:22 AM

Quote from: hajimasan on February 06, 2017, 12:10:04 AM

~ network came to almost normal stage. Thanks to miners who paid efforts to remove such situations.

what?!!!
miners didn't do anything different than any other day. they are mining blocks and they are as full as they get. the only difference is that spam attack has stopped for now. and god knows when it is going to be started again making the number go back to 60K-70K unconfirmed transactions again!

hey please don't pray to have again 60 to 70k u.confirmed transaction. Its really irritating to wait for payment long long time. Bynum is the father of all cryptocurrency and we all use bitcoin mostly other then any other coins so have less unconfirmed transaction is a bon for us. Thank god

topesis

hero member

Activity: 630

Merit: 500

Demand, miners will prioritized high transaction fee over low, if what you want to do is for quick deal, you need to offer high or recommended transaction fees. I just hope the scaling issue would be resolved soon, because this need to stop

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: hajimasan on February 06, 2017, 12:10:04 AM

~ network came to almost normal stage. Thanks to miners who paid efforts to remove such situations.

what?!!!
miners didn't do anything different than any other day. they are mining blocks and they are as full as they get. the only difference is that spam attack has stopped for now. and god knows when it is going to be started again making the number go back to 60K-70K unconfirmed transactions again!

hajimasan

hero member

Activity: 882

Merit: 500

It now came down to 3500 unconfirmed tratransactions. Hurry at last Hutton network is going to become fully confirmed transaction. Previously i had thought that the number which was 60000 last few days back will reach 1 lakh or will keep increasing but finally our money lovely cryptocurrency network came to almost normal stage. Thanks to miners who paid efforts to remove such situations.

kiklo

legendary

Activity: 1092

Merit: 1000

Quote from: Carlton Banks on February 05, 2017, 11:00:12 AM

Quote from: Q? on February 05, 2017, 10:30:41 AM

when fee is still high and there are more unconfirmed transactions than a block can include if i pay less fees there are still more transactions with higher fees than mine.

Yes, but more people will begin to respond the same way, starting the process of pulling the average fees back down.
You seem to want both fastest confirmation and lowest fees. You can never have both. You must balance speed and price, there is no other way.

Lower Fees and Faster Confirmations,
I can have both by using LTC (Also controlled by the Chinese) or ETH or another Altcoin. Cheesy

Locking oneself into one Coin service when there are plenty to choose from , is beyond stupid.
Competition is the only way to make the miners keep the fees lower,
No Competition between coins, then I hope you enjoy being butt-raped on fees, because that is exactly what the greedy miners are going to do to you.

Cool

hardtime

sr. member

Activity: 490

Merit: 251

Make winning bets on sports with Sportsbet.io!

I feel that the fee is still high and rising due to the mentality that if you want to get confirmed quicker you MUST pay more (and it's true) this pushes the average up higher and higher for people to be confirmed at a normal rate.
At this rate, people are going to keep paying a rising price for the fee at an exponential rate.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: Clement Kaliyar on February 05, 2017, 05:53:19 PM

We are predicting values above $2000

if the only thing that concerns you is the FIAT price of $2000, as your exit target. your missing the whole point of bitcoin.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: HaXX0R1337 on February 05, 2017, 06:42:53 PM

Quote from: calkob on February 05, 2017, 06:33:07 PM

Quote from: Q? on February 05, 2017, 10:08:47 AM

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

Use your own fee structure at these times and i doubt the transaction will be rejected, i have paid very little recently for non urgent transactions, yes it took 2 days to confirm but i was in no rush.

The problems comes when you are planning to withdraw funds from an exchange or a gambling site as you are not completely in control of the fees and if you are urgently in need of coins it might take a long time which is really irritating .Hope it changes for the better pretty soon.

For me, It's still the same. Whether or not The funds are from exchanges (Although Exchanges use low fees). No need to use higher fees than the recommended. going higher means You're showing your support for miners to centralize bitcoin. It should be Less Unconfirmed transaction = Less/recommended fees.

nelson4lov

hero member

Activity: 2212

Merit: 805

Top Crypto Casino

Quote from: HaXX0R1337 on February 05, 2017, 06:42:53 PM

Quote from: calkob on February 05, 2017, 06:33:07 PM

Quote from: Q? on February 05, 2017, 10:08:47 AM

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

Use your own fee structure at these times and i doubt the transaction will be rejected, i have paid very little recently for non urgent transactions, yes it took 2 days to confirm but i was in no rush.

The problems comes when you are planning to withdraw funds from an exchange or a gambling site as you are not completely in control of the fees and if you are urgently in need of coins it might take a long time which is really irritating .Hope it changes for the better pretty soon.

For me, It's still the same. Whether or not The funds are from exchanges (Although Exchanges use low fees). No need to use higher fees than the recommended. going higher means You're showing your support for miners to centralize bitcoin. It should be Less Unconfirmed transaction = Less/recommended fees.

Topic: Why is fee still high (6000 unconfirmed transactions) - page 2. (Read 2342 times)