I really put more fault on the miners. Center devs truly don't believe the block size should increment for some reasons.
Miners have alternatives to run bitcoin exemplary or boundless. Which implies miners must not think it is critical to have greater blocks at the present time. Miners at last are the ones that settle on the choice.
Topic: why slow transactions? (Read 907 times)
I have never seen things slower, when does segwit activate?
The reason for slow transaction of bitcoin is probably because of a low transaction fee, let me use a real life example, if you have customers and they call you to do something, you would go to the highest payer first, that’s how transactions are confirmed too, highest first.I agree about it that bitcoin's slow transactions fee can caused traffic compared from much higher fees, that's why miners existed because they helped speed up the blockchain network to gain it's network strength because of fast hardwares connected to the networks. Some bitcoin earners chooses fast transactions fees so that urgent transactions can be expedite and eliminate delays, specially when there's an urgent needs.
I have never seen things slower, when does segwit activate?
The reason for slow transaction of bitcoin is probably because of a low transaction fee, let me use a real life example, if you have customers and they call you to do something, you would go to the highest payer first, that’s how transactions are confirmed too, highest first.
Yeah, fees are really high these days. You have to move big amounts for it to be less expensive.
This is nothing, when the backlog was around 200k transactions the confirmation time was higher and the fees outrageous
Well I don't see any difference in the fees yet even if SegWit is locked in,I still have to pay 7$ per transaction for get it to comfirm in next 6 blocks and 10-12$ to get it comfirm in the next 2 blocks this is really huge when do you think fees will go down?
I have tried to subscribe a magazine website using bitcoin payment and made a mistake by selecting low fee. There was 15 min threshold before activation of membership plan for the payment I made and that part didn't go well, due to unconfirmed transaction. I had to submit a ticket and still waiting a response from publisher.
So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.
The transaction is slow due to you chose low priority option, which offers a low fee, and miners are not ready to confirm it (which is one thing I hate.) The high priority option is made in within 10 minutes of the transaction. While the low fee option might take up to days without getting confirmed; I’ve seen someone say that his low fee transaction has taken up.to 17 days and still yet to be confirmed. So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.
You can google "blockchain unconfirmed transactions" and see for yourself how bad things are right now... I just checked and it was at 53k - So if your fee was small, your transaction could potentially take days to confirm, unfortunately.
Something to think about whenever you decide which bitcoin fork to support... I'd rather have a digital currency which is faster and cheaper
Something to think about whenever you decide which bitcoin fork to support... I'd rather have a digital currency which is faster and cheaper
I have tried to subscribe a magazine website using bitcoin payment and made a mistake by selecting low fee. There was 15 min threshold before activation of membership plan for the payment I made and that part didn't go well, due to unconfirmed transaction. I had to submit a ticket and still waiting a response from publisher.
So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.
So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.
This is nothing, when the backlog was around 200k transactions the confirmation time was higher and the fees outrageous
Well I don't see any difference in the fees yet even if SegWit is locked in,I still have to pay 7$ per transaction for get it to comfirm in next 6 blocks and 10-12$ to get it comfirm in the next 2 blocks this is really huge when do you think fees will go down?
Well I think that this is normal. This is included on the package of cryptocurrency that was introduced to us. I mean this is one of the toll in cryptocurrency. There were two tolls in cryptocurrency, one is that the fee in sending money and the other one is the time that acts while you send money. So it is normal for some transfering of money from one place to another with a lot of given time.
This is nothing, when the backlog was around 200k transactions the confirmation time was higher and the fees outrageous
Well I don't see any difference in the fees yet even if SegWit is locked in,I still have to pay 7$ per transaction for get it to comfirm in next 6 blocks and 10-12$ to get it comfirm in the next 2 blocks this is really huge when do you think fees will go down?
BTC miners are leaving the network and mining BCH because it is more profitable.
This causes a Bitcoin death spiral, destroying the currency.
Sorry for your loss.
Bullshit. Amount of miners that switched is irrelevant for the simple reason. They are making profit for now, but when they start dumping price goes down with their profits, so they will come back. It's just that Bitcoin is being used more than ever, and price is high so we should expect high confirmation time using "normal" fees that we are used to. This causes a Bitcoin death spiral, destroying the currency.
Sorry for your loss.
BTC miners are leaving the network and mining BCH because it is more profitable.
This causes a Bitcoin death spiral, destroying the currency.
Sorry for your loss.
This causes a Bitcoin death spiral, destroying the currency.
Sorry for your loss.
There are 2 reasons it's "slow"
1. There are too many transactions waiting to be confirmed
2. You didn't pay enough fee to attract dem miners
Reminds me of a quote, "Money can buy anything"! Both are valid as a matter of fact. Nowadays, the number of transactions being made has increased tremendously. Other than that, there are spam transactions to handle also which further increases the traffic on the network. 1. There are too many transactions waiting to be confirmed
2. You didn't pay enough fee to attract dem miners
I have never seen things slower, when does segwit activate?
Some paopla said that the segwit will have finished in 21 august for its activation. But looks bitcoin was having a lot of the interest for use it such as the japanese adoption could give the more pressure for the bitcoin network to process the more transaction everyday. 
There are 2 reasons it's "slow"
1. There are too many transactions waiting to be confirmed
2. You didn't pay enough fee to attract dem miners
1. There are too many transactions waiting to be confirmed
2. You didn't pay enough fee to attract dem miners
The fees aren't really high in historic terms, are they?
Bitcoin has had much slower transactions before. What do you mean by slow?
Did you not pay a high enough fee for it to be included in the next 1 2 and 3 blocks?
You need to pay a certain amount of a fee, maybe like a few dollars, there are websites that will tell you the best fee to use and all that. You should try looking them up before you send a transaction.
Did you not pay a high enough fee for it to be included in the next 1 2 and 3 blocks?
You need to pay a certain amount of a fee, maybe like a few dollars, there are websites that will tell you the best fee to use and all that. You should try looking them up before you send a transaction.
I have never seen things slower, when does segwit activate?
Segwit2x is projected to be in effect on the 23 of August, the reason why transactions were so slow might have been the increased number of transactions the network had to deal with. Generally though the speed of your transaction goes accordingly to the fees you enter. You can see the cheapest fee for a fast transaction here: http://bitcoinfees.21.co/
That happens when blockchain network is bussy, but you can make transactions faster if you pay more fees.
I usually put 0.001 fees for all transactions i make so all transactions can not take more than 15 mins to receive the first confirmation.
Yes when you pay higher fees the transaction will become faster. Usually blockchain is busy this means the demand is become higher. I usually put 0.001 fees for all transactions i make so all transactions can not take more than 15 mins to receive the first confirmation.
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