Bitcoin Forum

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  :D If you have let say 500 confirmations, it takes a lot of time  ;D

Is this a question or a statement? If you want us to help you need to give us more information. Do you think the confirmation time is too long now?

use service that don't require any confirmation(they accept your income without any), if the problem is just sending your money to another wallet, that always belong to you, then you don't have any excuse to wait a bit

there will be no fork of this, so people should deal with it already, at best something in the sidechain could be done about this, but don't expect anything in the main blochchain

The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.

thats what altcoins are for

You cant make a transaction confirm faster by paying a higher fee. You can increase the fee to make sure you are in the next block found, but you can not influence the speed miners will find this block.

Besides that I cant think of a reason to require 3.5 days worth of confirmations where its not worth to wait that long at the same time. E.g. if you were to buy a house with BTC someone might require the TX to have 500 confirmation (for whatever reason), but in this case I think thats not an issue.

If you just want more confirmations you have to ask yourself why. 500 confirmations with the current time to find a block represent a certain level of security. This level is not tied to the number, but to the effort it takes to find these 500 blocks. If it would be easier to find 500 blocks the level of security would be lower and you would have not gained anything, but a fancy number.

Half correct, miners have the rights to reject your transaction or they may just set a higher minimum fee limit for them to include your transaction. The transaction also depends on network load. If there are a lot of transactions and most of them pay more than 0.0001BTC/KB and you pay 0.0001BTC/KB, your's might not get confirmed first if the block gets filled with transactions from their mempool. This is due to the fact that miners rank non high priority transactions according to transaction fees.
Avoid posting irrelevent stuff. This thread is for discussing Bitcoins.

Forgive me for maybe being a bit dumb but why the hell would you ever need 500 confirmation?
I admit I've sometimes been frustrated waiting for 'the recommended 6 confirmations' when I pay the standard transaction fee. One time I had an unconfirmed transaction fee for 40 minutes, I was a little worried, I kept refreshing the block explorer to see if something was wrong.

Credit card companies take sonetimes 2-3 days to process a payment so in reality waiting for 6 or so confirmations is no time at all. I'm not an expert techie or a miner but it really would be helpful if the block time could be maybe cut in half but I don't know if that's possible, maybe somebody better qualified could answer on that.
It'd certainly help our push for widespread/mainstream adoption.

No, you can't, except you pay more.
The Techinical is:
the transactions need to have a priority above 57,600,000.

~iki

I suppose as much as mining rigs become faster, the confirmation processes will also gets faster with it. We will see some pretty cool and super fast processors soon.

Blockchain confirmation is the fastest payment system yet. Compared to anything else 10min. is insanely fast. Credit cards and bank transfers are measured in days and weeks, not minutes. I see no issue to address at all here. 
.

you can't get faster time with same fee , you must increase fee of that transaction , I think your transaction can be confirmed in 1second if your fee is 0.1BTC  ;D

Incorrect, even if mining rigs starts to get faster, the difference can't be seen from a long term. Bitcoin protocol readjust the difficulty based on average time taken to generate the previous 2016 blocks and attempt to get it to 10minutes. If a group of machine suddenly come online at the start of the difficulty period, the network will only be faster but they will be fast only for 2016 blocks. Unless, after that, the hashrate increase again, only then the network will be faster than 10 minutes.

I imagine that at some point in the future people will be tired of waiting long times for confirmation and perhaps there will be a protocol change where block times will be faster along with an adjusted block reward to offset the extra blocks being generated. 

Confirmation would just be a definite assurance that the transaction doesn't spend from a already spent output. Once the transaction is relayed, those with a record that the output is already spent will ignore that transaction and it cannot be relayed throughout the network as the node will just reject the transaction. Faster confirmation time also mean more bloating and less security. If block is adjusted to 1 minute, the minimum assurance against doublespend attack should be 10 minutes. Needless to say, the stale blocks will be high.

I cant tell if youre asking for the first confirmation to come faster or if you want your transaction to be confirmed at a rate faster than other transactions; in either case, with the former, a higher transaction fee will cause the miners to prioritize your transaction more; and the latter is impossible as all transactions are confirmed when a block is mined, and this rate cannot be controlled.

It is imposible

Just set a good fee,sit down and wait for it to be confirmed,you can't do anything else

No matter how fast the rigs become, they can't possibly make the blocks found quickly. The difficulty will adjust itself so that the blocks are found every 10 minutes or so.
BTC was mined with CPU initially; then came GPUs, then ASICs. But confirmation times haven't changed because difficulty has risen to keet the block interval at about 10 minutes.

@OP: With higher fees you can hope that your transaction will be given priority by the miners, but it doesn't help with block times. So higher fees doesn't mean having 500 quick confirmation.

No confirmation will go faster than 10 min. Just set your fee to automatic, it's the best way to guarantee the transaction gets done correctly. You are free to send transactions with 0 fees, but dont complain if they get frozen for a while. We gotta pay the miners, and automatic set transaction seems like the best way to both do that and not bloat the blockchain.

I mean the confirmation time is a little bit of a problem for in-person sales.

it should be noted by everyone that the difficulty adjusts so that the average time to find a block is 10 minutes. Blocks have been found within a minute of each other, and they may take hours; it is a given that some blocks will take less than 10 minutes to confirm.

i believe that when bitcoin will be more accepted, no business will force you to wait there because of the confirmation, they will just accept zero confirmation

the probability that something bad can happen to that transaction, is very remote

Once your transaction got the first confirmation its not possible to change the speed of confirmations coming in since there are only 1 block every 10 minutes in average be found. And you will only get 1 confirmation each time.

Even when you get included in the first block, which means confirmation 1, cant really be adjusted. You only can try. But i already had it that i put a decent fee into it and it took hours. Since then i only pay the minimum fee and i have no problems getting included. So for me changing the fee doesnt make much sense.

I just don't think confirmation times are bad as they are now. We should focus on the blocksize problem and how to make Bitcoin scalable long term. People don't care that confirmation times in credit cards take 100+ days so they will not care that a Bitcoin transaction needs an average of 10 min to be considered as sealed.

You can make your transaction have a higher priority by setting a higher transaction fee. However, you cannot reduce the confirmation time. That depends on the time the next block is found.

Buy better internet connection to the miners, then the confirmation time will be faster  :P

im about 100% sure you have no idea what youre talking about based on this post alone. internet speeds have absolutely nothing to do with how fast a transaction is confirmed, once the transaction is broadcasted to the network your internet connection doesnt matter; the confirmation time depends on the miners and the priority of the transaction.

Miners do need internet to mine, and that depends on how fast they can broadcast their stuff. If 99% of the miners use a dial-up 128kb/s modem then that will definitely mess up the network doesnt it?  ;)

I agree with you, The proposal of 20mb sizeblock is best idea to increase block limit

the miners' connection has no relation to OP's connection, and you would only need an initial connection to broadcast the transaction, after that, the transaction will be broadcast to the rest of the network. unless youre the only node in the entire network, I dont see why you would need an amazing internet connection to broadcast a transaction.

You mix miners with users. For miners its worth being able to promote their newly found block fast to all nodes because then their block wins when another found block competes with it.

For a normal user it doesnt matter. It goest to a couple nodes and from there to the rest. Its practically without effect how fast your internet connection is.