WOW!!! New Record 200622 Unconfirmed Transactions - page 3.

TheWallStreetCrew

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Quote from: SwagGirl on May 18, 2017, 01:53:11 PM

Quote from: bamboylee on May 18, 2017, 12:47:44 PM

Quote from: TheWallStreetCrew on May 18, 2017, 12:37:08 PM

my last transaction paid .46 and took 2 days. how much worse is it going to get?

It always get worse before it gets better. Hopefully the miners realize what they are to doing to bitcoin is bad and may result to bitcoin dying so they can activate whatever they need to activate to get out of this mess.

You think it will really get that bad? Gulp!

How bad will it get: https://bitcointalk.org/index.php?topic=1923931.new#new

boyptc

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★Bitvest.io★ Play Plinko or Invest!

Quote from: V1saya on May 17, 2017, 03:09:17 PM

Quote from: boyptc on May 17, 2017, 02:51:08 PM

I'm in, my transaction is one of those unconfirmed and it's already a day, okay I'm into the unconfirmed club and this is my first time to experience this.

Quote from: prashanta on May 17, 2017, 01:26:19 PM

Well, bitcoin transaction is over now & we should take another cryptocurrency but which is better or best crypto as a alt of bitcoin you think that will take a part of next bitcoin?

No, I'm going to stay with bitcoin even with this problem I know this will get some solution in the near future and I don't have choice but to keep on waiting for my transaction to get some confirmation. Grin

Most people don't have much choices because bitcoin is still the main gateway before fiat conversion. If I have a better option I won't use bitcoin for for the meantime. Too slow with higher fees which is now no different from centralized business entities in which some of them have lower transaction fees than bitcoin.

I don't have other option and I won't shift to any other copy cat of bitcoin. And just for the reporting I don't know what exactly the time of my transaction was confirmed. I'm not giving myself an headache to think about the slow confirmation and high fees. I'm trying to become calm all the time and being contented with my transactions.

Mesozoan

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This is unsustainable. My friends and I have not been able to make any BTC transaction in days. This can't continue for too long

bibiqua

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Quote from: YuginKadoya on May 18, 2017, 01:21:39 PM

many users that are just giving small fees and are still pushing it in the Blockchain

This doesn't make sense. The blockhain's/miner's capacity doesn't increase with the fee.

Given the current (and all but surprising) demand, the system is congested by design and things aren't likely to improve soon.

richardsNY

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Merit: 1091

Quote from: mikey5287 on May 18, 2017, 01:50:35 PM

this definitely isn't the bitcoin that i remember. the soft fork needs to happen. unfortunately, there's no way to know if this is actualy spam transactions or whether theyre real transactions. the unfortunate part is that now hashflare is charging an arm and a leg to withdraw, as i'm sure most other service providers are doing, as well. *sigh*

Situation isn't ideal, I agree there, but on the other hand, it's not really a surprise if you think everything through properly. In most cases spam transactions are easily identifiable, but that's not really the main problem. The real point of importance is who and why are they spamming the network with nonsense transactions, and what can be done to stop them.

Reasons could be --

BU spamming the network (very likely).
Pools spamming the network (very likely).
An entity trying to force the price down (likely).
An entity trying to make people move to alts (less likely).

SwagGirl

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Quote from: bamboylee on May 18, 2017, 12:47:44 PM

Quote from: TheWallStreetCrew on May 18, 2017, 12:37:08 PM

my last transaction paid .46 and took 2 days. how much worse is it going to get?

It always get worse before it gets better. Hopefully the miners realize what they are to doing to bitcoin is bad and may result to bitcoin dying so they can activate whatever they need to activate to get out of this mess.

You think it will really get that bad? Gulp!

mikey5287

newbie

Activity: 51

Merit: 0

this definitely isn't the bitcoin that i remember. the soft fork needs to happen. unfortunately, there's no way to know if this is actualy spam transactions or whether theyre real transactions. the unfortunate part is that now hashflare is charging an arm and a leg to withdraw, as i'm sure most other service providers are doing, as well. *sigh*

Monnt

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Activity: 938

Merit: 1002

Quote from: erikalui on May 18, 2017, 01:26:21 PM

Yes, the record was 150k last week and now it's about 216k. With 60k unconfirmed transactions last year, the case was even horrible back then and we had to set a miner fee of about 100 sats per byte while before that 50 sats was considered a good fee. Now it's 200-220 sats per byte and still we need to wait for an hour while some exchanges force a 500 sats per byte fee to avoid delays.

But more than 50% of unconfirmed transactions currently in mempool were created just with the intention of spam attack as they were included with the transaction fee below par. If this continues I am afraid may have 300k as a new record by next week itself. As long as this type of spam transaction attack continues, there would be no meaning of maintaining any tracks of unconfirmed transactions as records.

erikalui

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Activity: 2632

Merit: 1094

Yes, the record was 150k last week and now it's about 216k. With 60k unconfirmed transactions last year, the case was even horrible back then and we had to set a miner fee of about 100 sats per byte while before that 50 sats was considered a good fee. Now it's 200-220 sats per byte and still we need to wait for an hour while some exchanges force a 500 sats per byte fee to avoid delays.

YuginKadoya

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Tsk Tsk how many times can we see that the transactions have been all confirm, this is simply occurring because there are many users that are just giving small fees and are still pushing it in the Blockchain even thought they know that the fee's are too small to the usual needed fee's to settle before Blockchain confirms it, and I have known a friend his transaction hasn't been confirm yet and it is almost 2 weeks now and the provider of that bitcoin always keeps on pushing the transaction with a smaller fee, how sad that the transaction was almost stock for almost that long!

Netnox

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Activity: 2044

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Quote from: TheWallStreetCrew on May 18, 2017, 12:37:08 PM

my last transaction paid .46 and took 2 days. how much worse is it going to get?

At least you were lucky that it got confirmed in the end. I am seeing posts by newbies here, complaining about the transactions never getting confirmed. It is a very delicate issue. For example, someone purchased stuff for Bitcoin. The transaction got dropped, and the coins went back to the sender. If the sender is not honest, then he is going to keep the coins with him.

bamboylee

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Activity: 1148

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Quote from: TheWallStreetCrew on May 18, 2017, 12:37:08 PM

my last transaction paid .46 and took 2 days. how much worse is it going to get?

It always get worse before it gets better. Hopefully the miners realize what they are to doing to bitcoin is bad and may result to bitcoin dying so they can activate whatever they need to activate to get out of this mess.

TheWallStreetCrew

member

Activity: 111

Merit: 100

my last transaction paid .46 and took 2 days. how much worse is it going to get?

chain_chain

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Activity: 65

Merit: 11

BTW it's even get worser. Now 215k.

Vaskiy

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Quote from: ?? on ??

I just received 500 k satoshis from Bitminer.

TXID 61e67e26c31a281e9c3849df72ea540eeb4e4f68aca30fc6c0a07a1284307675.

Generate Bitcoin online https://bitminer.io/1356469

Be happy with what you have earned. Don't promote these kind of scams. As a brand new member you might have got trapped under some scams or else you might be lucky to get little amount of bitcoin for the promotional purpose. This is all about the ongoing transaction issues where more than 200622 transactions stuck on the network. During the past time of price increase it was found to be more than 90000.

Kava

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https://saturn.black

Quote from: ?? on ??

Quote from: michkima on May 18, 2017, 09:23:09 AM

Yeah, I am really amazed on how much I have to pay for a simple transaction just to have it confirm in the next 30 minutes! This is getting out of hand and we really need to do something. If bitcoins do get massive adoption then this would be a great problem.

Lots of parties currently are trying to do something and this is why this is currently happening. It's an attack not a natural build up.

Unfortunately already now many shops refuse from using bitcoin because of a problem with transactions. This is a big problem that needs to be addressed. Altcoins do not yet have such a problem

shinratensei_

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Leading Crypto Sports Betting & Casino Platform

Quote from: Rinder on May 18, 2017, 08:59:16 AM

Im getting tired of the delay over the bitcoin

What do you refers to? confirmation or scaling?

Quote from: Rinder on May 18, 2017, 08:59:16 AM

i dont know when they thing to solve all the issues at once,

You'll never see it as soon as possible.
https://coin.dance/blocks

Quote from: Rinder on May 18, 2017, 08:59:16 AM

because its getting frustating to be forced to pay a big fee, to compete with others transactions, in the future fees will replace the rewards from mining, but actually looks like miners wanna get more fee then blocks.

Looks the fee gets decreased. Miner will take a lot of advantage from this thing. This must need get resolved.
But the possibility will disappear.

More proposal were appearing. The votes will get divided among all of the proposal.

michkima

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Yeah, I am really amazed on how much I have to pay for a simple transaction just to have it confirm in the next 30 minutes! This is getting out of hand and we really need to do something. If bitcoins do get massive adoption then this would be a great problem.

tranle789

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All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

Rinder

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Im getting tired of the delay over the bitcoin, i dont know when they thing to solve all the issues at once, because its getting frustating to be forced to pay a big fee, to compete with others transactions, in the future fees will replace the rewards from mining, but actually looks like miners wanna get more fee then blocks.

Topic: WOW!!! New Record 200622 Unconfirmed Transactions - page 3. (Read 6949 times)