Bitcoin Forum

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

In my experience it takes around 10-15 minutes for a conformation. How much are you sending and how much are you spending in transaction fees?

Brother I send payments all day long anywhere from .5 BTC up to 3 BTC at a time, always use 10,000 satoshi for transaction fees. I have not had a 10 to 15 minute transaction in over a year, 20 minutes is the fastest I have seen in a year. average of 35 minutes longest 2 hours and 25 minutes.

Really? Well in a month, I always receive and send an amount varying from 0.5-2BTC and I never had any longer confirmation time of 20 minutes.

Are the payments from one output? Have you tried using other alt currencies such as Fastcoin which apparently has a confirmation of around 12 seconds or Litecoins (Which take a few a minutes)

Just saying but economic protest is one of the most effective methods of protest

Yea it is beginning to really get on my nerves, I have clients who needed a BTC withdraw form our site the other night for a time sensative trade, and it took almost an hour just for 1 confirm I was so angry. It makes me look bad HAHA. I sent ti out as soon as I saw the request but wow it took forever to confirm.


The most recent one had 3 outputs, but my other wallet has only 1 to 2 usually still with the same times.

Yes I use a variety of different coins on a weekly basis actually, I run a stake mining pool and deal with 11 to 15 different coins thru-out the week including LTC Bitcoin DOGE which are used for payment and deposits, and the 10 wallets we are running as well. Bitcoin has by far the absolute slowest transaction times compared to all the others I use.

Transaction times are instantaneous. Confirmation times are not. I also send my transactions with a 10,000 Satoshi fee, and they confirm anywhere from 5 to 20 minutes. Right now though, there is an ongoing spam attack, so transactions will take longer. It is recommended to use a higher fee right now for anything urgent. Also, your confirmation times vary because of the block time variation. Blocks are actually not found every ten minutes, but on average, are found every ten minutes. Sometimes they come out very quickly, other times it can take up to 2 hours.

Maybe you could advise your clients about the speed of confirmation in a transaction. Not to mention the announcement above isn't cleared yet.

I wonder if mining pools like F2Pool would split their hash evenly over 3 different pool servers and mine to 3 different wallets instead of all that hash mining to the same wallet if this would help to speed up transaction times. Not saying they would even be willing to do it because they have well proven securing Bitcoins Network is not something they are interested in any way at all, but just a thought. It would give like a fishnet of miners under one big area, thus also giving them 3 different sources to hit different blocks instead of all that hash working on the same block.

Just curious

Yes I am sure they know about the transaction times, and I understand the recent attack attempt (its what I am calling it) but these transaction times are not new in any way, this is a problem users have been facing for at least a year if not longer in some cases. This is a problem that the developers need to address as their competition can make transactions in 15 minutes and this includes exchanging them from one currency to another. Just to send bitcoin from one person to another takes well over 15 minutes in most cases. Getting it from Bitcoin to local cash can take 5 to 8 hours in a lot of cases.

As developers, they have to ask the question, what incentive does a new user have to use Bitcoin, if he can send his cash from USA to his friend in Australia, and his friend can ahev ti exchanged and put in his hand in 15 minutes. If he uses bitcoin his friend still has to find a way to exchange that BTC to AUD and have it put in his bank account or picked up at western union.

Odd.

I've never waited longer than 20-30 minutes or so in the last couple of years for multiple confirmations even during the current glut. I don't think my fees are above average either.

It wouldn't make a difference. As long as the hashrate is the same, blocks will be found with an average of 10 mins between each. Every miner could be solomining and the exact same thing would happen, except one guy would get all 25 BTC instead of having the reward distributed.

Confirmation times are usually less than 10 mins.

But some people for some unknown reason decided to burn money in what they call stress tests, generating thousands of unconfirmed transactions and long waiting times. The developers never thought about such scenario, I think

Not to overstate the obvious, but when you have 50,000 transactions waiting in line... why not bust the bank and put $0.20 on the table.

I know 10,000 satoshis is customary, and it is sicking to see customs die... but honestly, if you send many transactions a day and they are important, tack a $0.20 fee on them.  Shoot for 50,000 to 90,000 satoshis, or even 200,000 satoshis if your sending a few thousand dollars over the network.

Network isn't broken,
confirmations are not broken,
micropayments, now those are busted for the near term. 

again this, you can solve it by

using off-chain service for small amount, reliable like xapo

inctrease your fee to 100k satoshi, still nothing in comparison with fiat

waiting until this summer storm will end...

Side chain is made necessary now. ;D

well than you can go and use monero, it is faster than bitcoin, with 1 min confirmation also you have anonimity, and it look pretty stable at the moment, win-win situation

That's strange can you provide a set of tx ids
My transactions tend to be in the standard 10-30 minute range of blocks even with fees usually I haven't sent recently seeing as its being tested but since you mentioned over a year I find that suprising.
That said I can understand your irritation seeing how time sensitive transactions are a pain like Bitpay with its timer...

35 minutes  to 2 hours is nothing i have seen myself getting struck in 2 days delay for a single confirmation , and  not say it i have seen my friends transaction vanishing from block chain and he eventually lost that bid.

well there is much they can do as some bitcoin haters are spamming the block chain by doing small/tiny transactions and leading to delay , all immediate response is to increase the fee , already a thread going on this issue , hope you will love to see the thread : https://bitcointalk.org/index.php?topic=1113292.0

Still better than like 3-6 months for credit cards, and 1-5 days for banks. Grow up.

My credit card takes less than 5 seconds and have no fee at all. Bank transfer is instant to accounts in the same bank with no fee and less than 1 workday to any account in other banks with no fee.

Dont compare bank with paypal and other obscure metodes that most people dont use.

If you are using only 0.0001BTC transaction fee, that wouldn't be enough for the network load as of now if your transaction size >1kb. I believe majority of the spam transactions pay around 0.0001BTC/KB and anything less than that, you would be expecting a slower confirmation time. Even though alt coin advertises faster speeds, their one confirmation is less secure than Bitcoin's one confirmation. Consider accepting 0 conf transactions if they have enough fees, no competing transactions, well propagated and confirmed input. I don't see much risk in that considering that it is far easier to chargeback credit cards and paypal over a larger timeframe.
They can still be chargedback over a long time compared to Bitcoin.

It's public knowledge that there is a backlog, due to this attack... and people just increase the fees for higher priority transfers during this time.. Why even bother with borderline minimum fees, in a situation like this?

If your customers demand instant payments, just shift them over to AsMoney or Xapo.. {Those services provide for instant payment}

We are all playing into the hands of the people doing this... If their point is to prove that the block size needs to be increased, we just counter that by using 3rd party service providers. They would soon back off, when they realize they are wasting their money.

The same goes for miners, if they are doing it to increase the transaction rewards... just use other services and cancel out these incentives.  

Thank you for this information, I was in thought that paying higher fees might get through the faster transactions, talking about my transactions with the default transactions fee, it takes 20 minutes for confirmation between LocalBitcoin and Bit-x, sometimes I logged out from PC and come back to see the confirmations status.

you think that there is no fee, but they are actually playing with your money all the time, then they cover your need with the money of another that he don't need in that exact moment

It seems like 5 seconds and no fee, but credit cards can be charged-back for months. Merchants have huge troubles with this, and there is an entire industry profiting from trying to help them prevent this. Here's a quote from Wikipedia:


1. The reason it seems like 5 seconds is because you don't realize that the money is only sent, but not confirmed. That's like a Bitcoin transaction 1 second after you send it. Sure, it was sent. But that doesn't mean it's there permanently... Make sense? It's still in limbo and can be reversed.

2. The reason it seems like no fee at all, is because the MERCHANT pays the fee (1 - 10%) and because the BANK pays the fee and transfers the costs onto you in other ways.

Are you in the U.S.? Or where? In Europe it takes up to 5 work days to transfer from one country to another, even if they are only 30 miles apart. And as you said, only on work days... These are also not 100% confirmed (in the sense of Bitcoin) because the bank can freeze, or reverse the payment for a week or more. Bank transfers can also take anywhere up to months to fully confirm.

They deal entirely in IOU's, and banks and CCs are not a push-only system. It's a push-pull system of legal obligations, IOUs, and arbitrary data. Meanwhile they are investing and playing with your money, making money off it while you wait. Look at what happened to Greece...

There is nothing that confirms as quickly as Bitcoin, nor is there anything else that has such immutable certainty.  There are only things that send faster... But in that case SPV and 0-conf is enough!

It may seem conveniently 'instant', but really, it's not.

Such arguments really make me furious. It reminds me of the Louis CK bit:

Sorry i forgot my tinfoil hat today... :P

When i deposit money in the bank i dont write my name on them and expect to get the same money back. I know they mix up my money with other deposit.

When i say i dont pay fee i mean that i never pay anything to send or recive money. How they do it is not my concern. My only concern is to force them to contiue their practice with changing bank whenever they charge me for anything i dont want to pay.

Please read my post above, and keep your tinfoil hat off. My guess is that you've never researched how exactly banks work, nor worked in that particular industry. I have close ties with people who owned and managed their own multi-national banks, and trust me, it's not as simple or happy as you think.

They don't mix your money with anything. It doesn't EXIST. If everyone tried to withdraw at the same time, most people wouldn't get any. Again.... look at Greece. This is going on right in front of your eyes.

Also if I may ask, which bank do you use that doesn't charge any fees at all?

deliciousowl you are simply right, but point is, that average Joe don't give a shit about this, he don't even know about those 6 months period or about entire industry behind...really.

he had his fancy card and he simply remember PIN and knows, that whole operation while dealing with merchant took literally seconds..and when using bitcoin (for example sending bitcoin to some service, which require at least 1 or 3 confirmations), he have to wait and this doesn't make any sense to him, because mail is also delivered instantly..try to imagine the situation, without your knowledge and without technical background, which you obviously had, try it from Joe's perspective and you will somehow maybe understands, how discomfort this waiting is..

If every average Joe understood this, and knew about it, there would be riots in the streets worse than anything we've seen before. And the only banks left would be highly competitive online banking companies, who would bend over backwards to kiss our asses and integrate Bitcoin.

But yes, it's uncomfortable. But in the end, that's all about psychology and perceived time. For example if you pre-load a website and serve elements individually people will be amazed at how fast its loading... when in fact it takes the same time but is allocated differently.

The moral of the day is that people don't mind getting fucked in the ass by the industry, as long as they're nice and lubed up while shutting their eyes to the the skeletons underneath the bed.

As a user i dont need to know everything. I need to know that it works. That it.

If you read trough the posts on this forum about this "test" and the fork on the 4. of july you will see a lot of people questioning if bitcoin work and are safe. This is people on the inside of the bitcoin sphere.

How do you think people from the outside see this?

Please tell me which bank you use that doesn't have fees!!!

Also, please convince the people in Greece that they don't need to know everything, or where their money is. (They can't withdraw more than $70 from the ATM per day, and usually they are empty...) And ALL THEIR BANKS ARE CLOSED, ALL BANKS. Even the stock market, even Paypal, even Western Union, etc.

Please convince the Australians whose pension accounts were emptied that it works, and that's it:
http://www.theaustralian.com.au/national-affairs/canberras-640m-bank-account-raid/story-fn59niix-1226750044335


Please convince merchants that paying 2-10% of their profits (WHICH THEY REFLECT IN THE PRICE THAT YOU PAY) for CC fees is fair. They have to raise the prices to compensate for chargeback fraud and higher fees. Your price for that product, be it Pizza or shoes or whatever... will be up to 50% higher as a result...

Also maybe convince Backpage that everything 'works' and they don't need to know anything, after the banking system, VISA and Mastercard cut off all of their payment methods: http://www.usatoday.com/story/money/2015/07/09/backpage-free-adult-services-ads-mastercard-visa/29931651/

It works for now... but will it work tomorrow... Did you read my post about confirmation times? The bank and credit cards can reverse your payments for up to 6 months. Bitcoin is irreversible.

Fact and perception are two separate horses.

to me it is not really a problem yet. when i need to get 3 confirmations when i make a deposit in my exchange account, i do something else and check after 30 minutes how it is. some times it has 3 confirmations within 30 minutes, and other times only 1 or not even 1. you can't do much about it.

It's only a problem for people who insist that every 10 cent or $1 transaction has to be hard-coded into the blockchain. If you want your transactions to confirm faster, pay higher fees and transfer larger amounts. Bitcoin is not for micro-payments, and frankly I'm tired of that buzzword.

Using an immutable ledger that solves the Byzantine Generals problem for the first time in history to transfer 10 cents, and then complaining about the confirmation time, is just depressing..  ::)

"Yeah it frees me from the tyranny and whim of the banksters, but why can't it be faster!??!" - The ADHD generation

Man I bet some people would willingly board a train to Auschwitz because it's faster than walking away.

P.S. Help expand the SPV or 0-confirmations infrastructure, or stop using Bitcoin until it's more understandable. Don't tell devs what to do unless you are a dev as well and can express it in code. If you are confused, then Bitcoin is not for you. Leave and leave it alone until it's more accessible to the general public.

So I've just made a transaction with 0.00001 fee and it says confirmation within 6 blocks, medium priority. This is the first time this happened to me. Is this a new thing or what?

sure, I'm using AirBank (https://www.airbank.cz/ -  http://www.ppf.eu/en/companies/air-bank) and yes, entire tarif is free, all operations are free, basically everything except cashing money from ATM which is not AirBank owned is free. Only exception is SEPA, but I told them that I will not pay stupid fee for it (they had feedback form, if you don't like fee, you just have to explain why and what) and they refund it to my acc. (yes, really)

I dunno, where are you from, but in Europe is pretty common, that banks had tariffs which are totally free. I had the acc here for 3 years and I paid fee twice (SEPA) and in both cases it was fully refunded..don't want to defend banks or something, just saying that fees are history and people here massively switching banks to zero fee ones. and even there is bloody competition..

Yeah, in stable economies with relatively friendly governments, it doesn't seem to be a problem. It all depends on how much you trust the bank you are using, and the government in your country. :)

In CZ maybe it's ok... in SK I wouldn't trust my bank with $10. They robbed my entire family for millions.

"Everyone has a plan until they get punched in the mouth" - Mike Tyson

ahh sure, because of this, more than half of my savings are in bitcoin and I'm regularly buying bitcoin every month from each salary. I somehow trust the gov. but generally I don't trust current financial system as is designed and working these days..

a jsem rad, ze tu mam i kolegu v diskuzi, se kterym si muzu psat i cesky.) nekdy mam pocit, ze jsem tu sam..

but you pay for any withdrawal from atm right? or for any conversion right? well bitcoin has no heavy fee for any sort, there is no conversion when you use bitcoin, and the best thing is that you can actually decide your fee

Transaction times are instant. I have no idea how one can improve on that. However, confirmations are not instant, and cannot be instant.

I've had transactions take less than a minute to confirm for me.

yes, even this is possible, if you send you TX luckily before block is mined, previous block is just few minutes of actual one and you set regular fee. point is, that is basically unpredictable, how long first confirmation will take..from one minute (or even sooner) to hours and hours..

I can't really understand why people are so upset over the, at times, long transactions time. Sure, if it's 9 hours you got a point, when I started out with bitcoin I even had serious doubts on the currency due to the fact that getting coins took forever, and even invested in altcoins which were faster.

Today I'm used to the delay and very seldom do transactions where I need a confirmation within minutes.

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

Actually, I've seen blocks just seconds apart from each other, though I admit that this is extremely rare.

It's not the devs. It's for the miners and nodes to decide.

What are you saying? This is sure upset many people here and that is including me because it take 1 days until now and I havent got my confirmation

and that piss me off here. I just can wait it to get confrimation. Now all of my bitcoin is stuck, I can't do anything until now before this confirmation is

fixed

really is a problem...
I got 2 transaction waiting for confirnation more than three hours today :(

Woah, transaction IDs?

that is horrible that i have the same experience once, dud.
that time i was paying 0.006 btc to my trading account.

And it took how long? Miner fee used?

https://blockchain.info/tx/603c3b9ed4614c86508926d02cf6562db7c84ef5ffd8426d6be3dc2a824757fd

https://blockchain.info/tx/0c371cac65965095be54220bc2c47c58c0b4be9f77b4fe9181969b49d022c403

2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.

this is no longer "at times" long transaction time. this issue is becoming an every day problem.
if bitcoin is to be accepted by everyone, and mass adopted especially by merchants then it has to be fast enough so that they everyone can use it. but when it takes more than an hour for you to receive bitcoin there really isn't a good reason to adopt it as a currency then.

It's simply impractical in every day usage. How can we get friends and family into crypto if Bitcoin is unusable?

It really depends on the business. What first brought people to Bitcoin was the (supposed) anonymity and the ability to buy drugs and other contraband on-line risk free. For that business it's perfect. Buying a soda at a gook mart, not so much.

I am aware of that, but I thought the business plan is to take Bitcoin to the masses which would establish trust in the currency and eventually would give a stable value for Bitcoin. Mass adoption is not possible if you can't even buy a bloody gift card with it. When there are 6 hours confirmation times then the average users see the currency as unusable.

Hey, I understand your frustration. It's not quite ready for prime time. Hopefully, the devs and businesses will put enough R&D time into it that someday it meets the needs of a wider audience. For today, most people are using it for ideological reasons. You've seen the type on this forum. The Danny something or other type that goes apeshit every time someone is critical of Bitcoin.  These people have wrapped up their philosophical beliefs into the use of Bitcoin as if it's the Great White Hope waiting for the big win. That's fine because that kind of drive and determination is propelling Bitcoin forward. We non-evangelical types shouldn't expect Bitcoin to be perfectly ready to fulfill all our needs quite yet though.

Withdrawal from ATM cost me $0.5 or more. ATM´s from other banks might cost a lot.

What are the tx sizes?  How many inputs are being included in any given transaction?

Are you getting a ton of 0.01 incoming deposits, then bundling that up into a 3 BTC transaction with a 0.0001 fee attached?  Personally, I just stay on the safe side, and put in 0.0001 for every input that gets included.  5 inputs = 0.0005 fee, and so on.  Works fine.

I don't know, but I haven't had an issue.  The network itself works beautifully, and transactions hit almost instantly across the network.  Now whether or not the merchant wants to wait for X confirmations is up to them, and I agree, it can get a little annoying at times.  Not annoying enough to steer me away from bitcoin though.

Wouldn't say that too quickly.  I'm quite confident there's tons of people in Greece who currently wish their savings were in Bitcoin right now, versus in the banks.  This is a systemic problem, and will only grow over time.  Just wait until Portugal and/or Spain goes.

We were doing good there till we hit Goodwin's Law.

Hindsight is 20/20. The Greeks needed to get into Bitcoin a couple of years ago. It's too late for them. Bitcoin isn't even close to being ready to replace the currency in even the smallest national economy anyway. I've seen estimates of current Bitcoin users numbering 500k to one million. Imagine 11 million people jumping on the system real quick. Not a pretty picture. 

500K to one million users and around 20-30% of the bitcoin in circulation. Not much to share with new users are there?

Generally I side with the devs / miners / economic theory on this stuff.. but to play devils advocate...

There are a few problems the the use of wallets today.

• People generally use different wallets that are dumb about fee calculations.
• A receiver has no control over how dumb the sender or the sender's wallet might be.

Luckily, the fix is already getting a LOT of discussion in the dev channels.

CPFP - Child Pays For Parent
This is a fix that about 4% of the miners already employ.  I've requested that wallet makers include a user control to put it into wallet applications (like Bitcoin-Qt).  Once the user controls are in place, the user will be able to execute a CPFP transaction against something they want to confirm quicker.  It's a way to link a low fee transaction to a high fee transaction, kind of like a lifeguard.  Your transaction is drowning, so you make a lifegaurd transaction to grab it and pull it into the blockchain.

RBF - Replace by Fee
This fix, to use the analogy above is like a evil lifeguard.  This creates a transaction that will kill your previous one and replace it with itself.  The replacement transaction will have higher fees, so this is a type of mulligan.  This proposal would likely cause peers to need to update their double-spend detection but it is being hotly discussed.

So, what I've done, and you should to if your frustrated, is contact the devs for my wallet app and said "Please put CPFP and RBF features into your wallet app that I use".  Think of it as a "FTFY" button in your transaction display.

See good can come out of this.

Bitcoin is very divisible and the price would adjust quickly but the system isn't ready to handle the additional users. This thread is an example of why it's not ready. Besides, imagine the infrastructure setup cost and time. Ramping up every business owner and employee in a country to accept Bitcoin safely. Hell, that alone is a decade of work.

How do you manage that?  I usually send multiple outputs per transaction, i.e. larger transactions, using only 2000 satoshi per KB as fee.  About ten transactions a day by average.  Mine almost always confirm on the first block.  Perhaps you are using very young inputs?  I practically never include inputs with less than 6 confirmations, and usually at least 100.

Aye.  Totally agreed there.


Bitcoin was never designed to replace any currency.  It's not designed to allow me to buy a bottle of water at 7/11 for $0.50.  However, it is an excellent way to store and send / receive wealth.  That's what it was designed for, and it does that perfectly IMO.  It's the same as pulling my monthly salary out.  Most people have their salaries deposited into their bank accounts, whereas I just pull mine out from my Bitcoin wallet.  That's what it was intended for, and it does its job remarkably well.

I just dont get why people are not aware of what happening with the bitcoin network, is so easy to just pay for fees manually then have to wait for confirmation just because you didnt wanted to pay a little more, if you dont have the time to wait just pay a little more.

Hmm, odd. I only pay the same fees that you paid but my transactions get confirmed within 20> minutes. And maybe you are not talking about transaction times but rather confirmation times. Confirmation times take a little while whereas transaction times are instantaneous.

Maybe you people are forgetting how much time it takes to transfer money using the traditional fiat system. Bitcoin is still the fastest way than any other currency out there BTCGUARANTEEDBTC

My last two deposits to Bittrex took less than 20 minutes and they were in the past week

I sent some btc to bittrex about 26 hours ago, has appeared pending in my bittrex account with 0 confirmations, bitcoin core is also 0 confirmations.

not sure what I can do here 

Don`t worry your coins should be confirmed in a few days, all of my transactions have been completed one took 4 days while the other one took 2 days.  ;D

10,000 satoshis is standard fee on my wallet (mycelium), not priority. If you want priority... yes, pay a bigger fee!

OP if you have an issue with confirmation time you can use off-chain  service, if your amount is small enough, and your problem will be solved


your fee was? probably not 10k satoshi, but 0


and also the cheapest, even if you pay above 100k satoshi, this is still a joke in comparison with the enormous fee of the fiat system, not to mention the 1.75% on the conversion rate, i nightmare...

fee was standard, I didn't touch it

0.00002059 included fee

I will increase it in future transactions but is this just a matter of waiting for my transaction to get processed?   

2k is very low, don't listen to the recommended fee of the client, with the current spam storm, it's better to set it at 10k at least

yeah besides that, you need to wait only, it will be confirmed eventually

cheers man, yeah was unaware of the spamming taking place will increase the standard fee for the future .. lesson learned 

While there's nothing more we can do to it at our level as a user and community member to change the code, what we can do is either to look for alternatives like altcoins or just simply adjust the way on how we use the coin in order to adapt to the system. Increasing transaction fee is of course one of them. Instead of retail spending perhaps you can make use of it as cross border payment method. That is much faster than any of the money transfer service.

In the "traditional" system there is a developed trust between parties. So even if it takes 30 days for a card payment to clear, I can eat my burger that I bought 30seconds ago right away, without having to wait a month.

On that note, I don't really mind waiting for my coins to arrive when I am receiving them. I know they will be there. However when I send and it takes exceptionally long it gets frustrating. Maybe there could be a time forecast feature telling how long it will take approximately with x amount of fee instead of "include more fees for faster transaction". I don't want to over-pay, just make it go through in a reasonable amount of time.

You: "What are you saying?"
Me: "Sure, if it's 9 hours you got a point"
You: "it take 1 days until now and I havent got my confirmation"

Me: Sure, a day is longer then 9 hours, so, yes, I do understand your frustration.

:)

Sure www.stakeminers.com/transactions2.php then just follow those transaction on pages 2 thru 4 and you can see some of the transaction times. now on page one I lowered the fee and those ones are not the transactions I am complaining about I am complaining about the high priority transactions that take 30 minutes to 2 hours for 1 confirm.

This is the worst possible solution you guys have "include more fees for faster transaction"

So let me get this straight, Bitcoin says 10 minute confirms yet delivers 30 minute to 2 hours (or maybe more I guess from reading some of these posts). So now it can't come thru with the first advertised benefit, so the first thing the bitcoin gurus come up with to compensate for the broken system is "include more fees for faster transaction" So now lets take the second advertised benefit and destroy that to, So basically what i can read here if I were a new user is Bitcoin promotes itself as a fast transaction with low fees, yet it does not provide actual fast transactions unless you pay a high fee, so at the end of the day what ambition do new users have to adapt to Bitcoin if they are in the same boat as sending cash with Western union?

So now for a new user looking  to get into bitcoin the only thing they have going for them is anonymity which actually if you are not careful is not as anonymous as they preach. So I have to ask you guys out there who love Bitcoin so darn much, if the developers cant deliver on their fast transactions, and if you want fast transactions you have to pay more in fees, and it can be tracked easier than lead on to be, what real benefit do new users have to adapt and use it.

And it's the confirmations that some transactions rely on in order for the transaction to actually process for the user to get their purchase. 

As far as others saying the answer is to raise fees... I totally disagree.  Fees are already too high.  It's disrespectful and represents a defeatist attitude towards bitcoin to impose such high transaction fees as if this is what bitcoin is supposed to be about. 

Okay I just had my nightmare. When I transferred my blockchain funds to my other wallet. It took almost 24 hours after confirmation. It got 100+ confirmations but it still shows pending on my account on the other wallet. I got worried abit but all is good now.

I sold some alts today to a guy who paid me BTC. I was not releasing escrow before his payment would have at least 1 confirmation, so I kind of felt like a jerk to keep him waiting. Still I got first confirmation in 12 minutes, so it was ok.

Yes this doesn't prove the problem doesn't exist, I just didn't experienced it today.

Splurge on the extra $0.0003 and go to the head of the line with a 10010 satoshi fee.  Its crowded at 10K.

There is no other solution as of yet that I would know of. It is as you described, bitcoin is fast and cheap or rather fast or cheap  :-\
(Although in most cases probably still cheaper than traditional systems, it just became "less cheap" and also still faster)

A saying comes to my head: "Our company works fast, good and cheap. You can choose two of these".

We should just never have told anybody about confirmations.
Bitcoin are send instantly. I never waited long after paying for my beer, since the barman accepts 0-confirmation transactions.
People handle Bitcoin like there are double spend attacks all the time. Maybe I am in the wrong sections of this forum, but I don't see them anywhere.
Where are all this double spends, that justify waiting 6 confirmations to be sure for a >$10 item?
So, the fault is with the merchants. Do they wait 6 months to accept a credit card payments, since it could be charged back in this time? No? Why are they doing this with bitcoin? A 0-confirmations Bitcoin transaction is safer, than waiting a month after getting paid with a credit card.

Orchestrating a double-spend at a bar or restaurant would be more complicated and expensive than earning that money and paying your bill... The answer is that people are hysterical. They are non-technical non-developers and cry about 10 minute confirmations or long waiting times. They have illusions about what is and isn't, and feel clever when they complain.

If you don't like or understand it, stop using Bitcoin and leave. Bitcoin is for a new generation of economically empowered individuals who wish to put their trust in mathematics rather than human beings. Just consider that some of the same people whining could be working at a bank and handling your money in the same, callous and uninformed manner. No thank you. If someone feels addressed by this, by all means, please go back to Paypal. 

hahaha.  Bitcoin is supposed to be about perpetual inflation and no fees?  no I think that is a different protocol.

When mining decreases, you should expect longer intervals between blocks.
If you don't like this fact, you should be using a different protocol.

With the fee pressure, mining has increased, but it had been decreasing prior to that.

We get to chose between: Longer between blocks, or more fees and higher bitcoin mining and valuation.

When hashing power drops 50% than avg. confirmation times doubles.
When hashing power drops 10% than avg. confirmation increases ~11%
This effect holds on for 2016 blocks.

So, no, unless you expect big drops all the time, there won't be a noticeable increase in blocktime.

Never.

Mathematic probality and timing diffusion of a global network.



that's why NASDAQ computer are 5 meters to the stock exchange to work at the nanosecond.



Bitcoin don't do that.
It connect every person everywhere in the world.



Mastercard don't does this (censorship against country).
Banks don't do this (freeze and limited wire and cash retrieve).

The problem is different with chargeback. When paying with a card you trust the operators and so does the merchant. He trusts that the money will come into his account, because a third party takes care of it and vouches for it.
With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance). This is a consequence of bitcoin removing trust from the equation. A benefit, and a drawback some other times.


If you look at it like this, bitcoin only for developers and tech-savy people, then you are narrowing down the potential user base to an awfully small group. After this you won't be able to argue that "bitcoin will be adopted", "the price will rise" and the usual things (that people say when first reading about bitcoin but not giving any thought to it.. If you want mass adoption then you have to make it straightforward, fast and reliable: easily available for the majority of the public.

I don't think there is a problem with a 10min, 1hour or even a 6hour transaction, in the case where you want to send money across the border from Russia to Mexico. Who cares about a few hours when it goes across the world? (although if it gets to 12 hours+ then it can get annoying) The problem is when you want to buy something local e.g. I meet someone in a café or at home and want to buy his bike/computer etc. I wouldn't want to wait 6 hours to see if the transaction really happened. Although I am not aware of any solution that would solve this problem without introducing trust in the system somewhere or the "obvious" solution of "add more fees".

I personally don't even mind a 3 day transaction of 10$ on my own if I can be sure (100% certainty) that the funds will be transferred, no matter what.If there is a chance that it will not go through because of network spam or similar, then I couldn't consider the system reliable any more and so the public probably neither.

For daily transactions, I would be happy to accept an transaction with no confirmation. As long as

Bitcoin fees aren't high at all. It is still quite low compared to how much the bank/credit card company charges the shop or customer. For larger transactions, as long as >0.0001BTC is included, the confirmation would likely be quite fast.

BTC transaction time right now is more than hour on average. I think there is a problem and hope it will be solved  ;D

See, that is the real problem. You have obviously no idea, how a double spend works, if you say, you have to trust/hope, that no double spend occurs.
That is just not how Bitcoin works.
There is also no third party that guarantees, that you really got your money when someone paid with a credit card. I don't know, why it is so hard to understand that a charge back can occur 6 months later. A charge back can occur= no guarantee that you really got your money.
Got it? Or do I have to rephrase it again?

So, for the people, who neither understand Credit Cards nor Bitcoin, it should be enough to understand: Bitcoin transactions are instant and please don't try to tell them anything about confirmations or double spends. They most probably will get it wrong.

is it me of transactions volume is back to normal, those any one have the number of transactions from yesterday I'm seeing 120k.

if we are back to normal volume at lease a lot of people are going to be happy.

i can't see how this is contemplated as a problem, when with fiat bank or paypal is the same

with the above services, that i mentioned you see your transaction processed immediately like bitcoin

but the true is that the money are not yet arrived to the recipient, only the order of it was recieved, which can be comparable to confirmation

this mean that bitcoin is anyway, miles ahead of any fiat system albeit it seems the contrary, in the last days

It's easy to do and must happen more that is reported. Find a vendor, say a coffee shop, that accepts zero confirm transactions and buy your $20 worth of coffee and donuts using your phone wallet. Sit down, open your laptop and initiate a transaction to yourself that you constructed earlier spending the same coins but increase the fee to $0.50. The transaction with the fifty cent fee will be included in a block first and make the other transaction invalid. Close your laptop and walk out with your $0.50 box of donuts and three large coffees. It works well. lol

That's also not how it works. If a node already has the other transaction in his mempool, it won't accept the transaction, even if it has a higher fee.
Learn the fundamentals of Bitcoin before posting bullshit

It does work. Try it.

Have you bought this account?
I don't remember QuestionAuthority writing such a bullshit.
I can't remember if he was tech savy, but someone who is that long on the forums would at least pick up basic stuff.

Ohhh how smart you are.. Can you go past a mirror without stopping to admire yourself?

The coloured parts that you didn't understand and/or reflect upon are explained in greater detail below. I hope this will help.

Chargeback
I see people bring this argument trying to promote bitcoin that there is no chargebacks and that when paying with card you can get a chargeback even after >>insert time that is not important here<<. I know that it is trendy to dislike banks and similar, but why this argument? It is a different system based on different merits. It is not hard to understand what you are saying and repeating it won't make you understand why a merchant has trust in the payment processor even when chargebacks can happen. This trust is what I was talking about.

Let us take an example:
Merchant <==> Payment Processor <==> Consumer

The merchant, say BuyBigTVsOnline, sells 1000 TVs online in the USA and accepts credit card payment where there is a possibility for a chargeback for 100 years. Just for the sake of argument. 999 customers are satisfied with the product but one (let's call this person randomly) Bob wants to scam BuyBigTVsOnline and files a charge back claiming that his TV never arrived/was damaged or who cares. He gets his money back and BuyBigTVsOnline lost some negligible amount of money. Bob then goes on and does this 3 more times at which point the Payment Processor freezes his account due to fraud (spice it with lawsuit or whatever pleases you) and Bob is out of the picture. Hence, scammers are eventually caught and the fear of this (or hopefully just the wish to be a decent being) motivates average people not to scam others (e.g BuyBigTVsOnline) for no reason (aka the system works). Here BuyBigTVsOnline (!) has trust in the Payment Processor that it catches scammers and on a grand scale his company (BuyBigTVsOnline) won't lose money and also trusts that the majority of his sales will not be charged back. Hence the trust and a working system.

Note: don't confuse chargeback with return policy where BuyBigTVsOnline gets its TV back and delivery fees should be in its business model. Also some chargebacks are probably included in the same business model, after all we don't live in a world with unicorns. If as a retailer your business model does not include and anticipate such customer behaviour and unfortunate events, then it is probably a bad business plan.

source (https://usa.visa.com/merchants/become-a-merchant/benefits-of-accepting-visa.jsp)

The funds are available to you most likely in a few days with a possible chargeback that you should aim to avoid. So after you have read and considered the above, why is chargeback important? Or how is this relevant to bitcoin?

Double-spend "issue"
I think you didn't not fully understand the sentence I wrote previously to which (I think) you were referring. Don't worry, it is not a problem and I will explain it again for you. It is not me who needs to hope/trust that a (for example) double-spend doesn't happen, but the merchant. The blue highlighted parts below refer to one another.

With a 0 confirmation Bitcoin transaction the merchant cannot trust anyone, the best is to hope that the transaction will happen and it is not a double-spend or not in a sidechain (by chance).

Here I will add that he, the merchant, cannot trust the person or Payment Processor organization as an intermediary (or lack of the latter), but he may trust the bitcoin system and underlying software, algorithms as a whole. However, there were issues in the past where coins sent e.g. without a fee were simply held behind and eventually were not included into any block. This needed a manual reset of the transaction and an intentional "double-spend" to transfer the stuck coins. First it appeared that the transaction was sent, but turns out it wasn't. Although this has been fixed a good while ago.

More recent events with Chinese farms also caused a small panic attack, it was settled fast, automatically and no major harm was done. There was also a fixe since, as far as I know.

These two examples are just to show that unanticipated things can happen, have happened before and probably will also happen in the future. We cannot anticipate and prepare for unknowns that we don't know of.

I hope it is all clear for you now!

Your post just confirmed what I said.
Just because you are trying to paint the picture, that a charge back just occurs in 0.1% of the times, doesn't change, that they happen all the time. It is still just hope, that there will be no charge back. There is no certainty. If you as a merchant are more or less often a target of such a scenario is pure luck.
Your examples in the Bitcoin World don't show anything, what would be called a Double Spend.

Making your post colorful doesn't change anything about these facts.

Does it change anything that he is right?

Repeating a lie countless times does not make it true. The debet/credit card system is trusted because it works. Bitcoin has no security for me as a buyer. If a seller does not send the promised goods i dont have any way of getting my coins back but with my credit card i have.

Also with the spam attack i have no problem making a transaction that i know will be rejected. Minimum fee will take care of that...

I agree, Bitcoin should confirm faster because waiting for 1, 3 or even 6 confirmations is horrible and non aceptable nowadays when nearly all is instantaneous. I know some companies are working on it, so all the business will be able to accept 0 confirmation transactions with a extremely very low risk of being rejected (Being able to choose how much risk you are willing to take when receiving payments).

I can see that not even the colours could help you to get that it was not about whether or not chargebacks occur. Unfortunately I don't think this issue could be simplified any further for you.
Keep living in a world where millions of companies are still in business because they all hope to one day receive money for their services and as such remain in business.

Right about what?
Where did I tell a lie?
Every merchant will thank you for using cash. There is pressure to accept credit cards because everybody does. That doesn't mean they like it.
Yes, for a buyer it is convenient, but the involved risk means, that merchants have to make their products more expensive. Do you think, that is not true?
For Bitcoin, there is escrow, which, at least for me, seems like a more fair system as the "The buyer is always right"-policy from credit card companies.

@Borisz
The merchants stay in business, because they put the risk into the price, like you learn in every basic economy education.

I think a 1 to 5 minute confirmation would be great, i just dont know about how they go about restructuring the block reward in that case to have more blocks with in a less period of time with less reward.

If i start to count up cash they look at me like i am an idiot. Noone use cash i my country. Cash will be removed in a few years because noone want it.

Then you are living in a strange country. Which is it?

A modern country in northern Europe. ;D

My guess would be Sweden.  It is one of the more complicit in the banks' war on cash.

All the Scandinavian countries are thinking this way. Cash is not trusted anymore.

Denmark is the first to actually become serious about it.

http://money.cnn.com/2015/06/02/technology/cashless-society-denmark/

People are sleepwalking into some odious shit.

I agree this has been a problem since the beginning of bitcoin and should be solved to give bitcoin more expansion

Bitcoin  brags and advertises FAST 10 minute transaction times (a transaction for basic users, is when they have access to the funds and can safely spend them NOT just when it hits the chain!)

Bitcoin brags and advertises low fees yet in order to have a nice transaction time you are asked to increase the fees. Which I have found does not actually lower the time it takes to actually allow the transaction to be safely spendable by the networks advice.

Bitcoin  is not (in my eyes) "miles ahead" of anything yet. For me, I see a lot of false advertising, inability to come thru with what they promise, a lot of back peddling to cover up thier false advertising, and very little ambition from the developers to actually fix problems and make their product more user friendly and easier adaptable.

At the end of the day it all comes down to the developers, and for the past 2 years they have done nothing but sit back and watch the time go by. They seem to worry more about the programmers and coders and forget they need regular people to be using their product as it is them who make transactions internationally every day not the programmer who can decipher RPC commands and understands C++

Tell us then. What should the developers do? There is nothing they can do to make CONFIRMATION times faster. Even if the block target time was reduced to 1 minute, due to the randomness of mining, there will still be outliers that take maybe an hour or two to mine. That is the nature of Bitcoin and ALL CRYPTOCURRENCIES.

Where is the false Advertising? The fees to send Bitcoin are significantly lower than the fees to send money using any other system. Look up their fees and you will see the difference.

Bitcoin is "miles ahead" of many other payment systems. Take credit cards or PayPal for example. They can reverse the transactions up to 180 days after the payment. Sure the money can be spent, but if it is reversed, sucks to be the guy that received. Bitcoin on the other hand, will make your transaction irreversible anywhere between a couple of seconds to a couple of days, much shorter than credit cards or paypal.

This chargeback thing again  ;D I am a fan of bitcoin, but it is two different systems you are talking about that work based on different merits. Saying that we are miles ahead because we don't have chargebacks is not necessarily true.

...It also "sucks" to pre-order 50TH/s worth ASIC boards with 20'000$ worth of bitcoin just to realise they will never arrive and you got scammed. No chargeback, too bad for your 20'000$.

Oh and here is this whole, "chargebacks are not bad, because criminals always get caught"-thing again. "chargebacks are not bad, because not every transaction will be charged back".
A possible chargeback is good for the buyer and bad for the seller. The non-reversal-nature of Bitcoin is good for the receiver and bad for the sender.
Which system is the better one, depends on the side you are standing at.
If you are on the wrong side, you have to fill a lawsuit for justice to be served.

That's why in Bitcoin, there are things like escrow services, multisig and projects like Streamium.

Well, obviously. It's in early development. The programmers are focusing on the parts that make it work, and great. And they are most certainly not providing "false advertising"... that would be random people from around the world. I can assure you the core devs are not advertising it.

It's a software that is still getting developed, and it's "miles ahead" of any centralized system. Simply because something like this (http://www.bloombergview.com/articles/2015-07-14/banks-forgot-who-was-supposed-to-own-dell-shares) cannot happen.

Immutability is much more valuable than faster transactions. If you disagree... go work with a SQL database again...

It's open-source and there is no obligation to make it accessible to regular people. It needs to be perfect and polished, not cater to the lowest denominator. If you don't understand why the concept of immutability is miles ahead of anything else, then please don't use Bitcoin.

You started seeing a bigger picture, keep it up.

Few thoughts on Escrow
It is/can be good yes and it is working (provided both parties trust the escrow service). However, the whole point of bitcoin was to remove the need for trust and base transactions on cryptographic proof. As a consequence chargebacks are not possible. Yet you need and want to introduce a middle man (escrow) whom you trust. Ironic isn't it?  ::)

https://bitcoin.org/bitcoin.pdf (https://bitcoin.org/bitcoin.pdf)

You obviously don't see the bigger picture, and mix things up.
The problem with the current system is, that if I send you money over a bank and we both aggree, that you should get this money, the bank can just decide, that you should not get this money. Happened here in Austria, when people wanted to send Euros to bitcoin.de
That is what Satoshi is talking about.

If would want your transaction to happen instantaneous and also to confirm within 5 minute,  then you can make the transaction fee from 10k Satoshi to 1BTC.
You will be making the pool owners lol.

How can BTC handle any kind of real world traffic EVER?

it can ... right now : http://btcaudio.tk/live/ or http://statoshi.info/dashboard/db/transactions


It's real traffic ............                  ^^

Large blocks and off chain transactions.

transaction are instantaneous, i can't see this problem, the problem is only with confirmation, which again it is only a problem with phisical shop and only for big amount, can't people wait 10 min for online shop? i think it's an excuse

I'll pull your transactions out of the pool for a lot less than 1 BTC

no thanks my friend.
I was helping the OP by suggesting him to increase the transaction amount from 10k satoshi to 1btc in order to reduce the confirmation time.
I am also having my transaction fee set at 10k satoshi.

Sure... if the TX and priority are both low enough, eventually it will fall off the mempool.  Some pools are less persistent in their purge policies.  I'm working to get CPFP implemented in more wallets to allow them to "pull" transactions out of the mempool.  That's where the "profits" from the "non-profit" are going to.

Increasing fees only works if you have a reliable chance of respending the UTXO without your second being flagged as a duplicate transaction.  This "Send again with more fees" is called RBF, and someone else is already working at making it happen.  I'm just focused on raising support for CPFP since it doesn't seem to be getting as much attention and could be a good complement to RBF.

Anyway... there are some good "delete and resend" guides coming on line, so if that works, great...

Switch to Mintcoin and enjoy 2 minute transactions. Transactions confirm in 30 seconds.  :D

Last week i was expecting a small payment in my wallet and it took more than 48 hours to get confirmed. I mean 48 hours?? The payment was small so there was no issues even if it got delayed but what if I am expecting a big payment and need to withdraw in emergency at that time can't afford to wait for 48 hours.

Did the TX have an appropriate fee considering the current circumstances?

https://bitcointalk.org/index.php?topic=1125214 (https://bitcointalk.org/index.php?topic=1125214)

The fees will increase until legitimate traffic is less than half the block size.

Anyone paying less fees will see transaction times that SUCK as you say. 

This is because someone is executing a Golden Ratio Attack.  They are making a profit on the so-called "Stress Test" and will continue it forever.  I have no idea how to stop it. This is serious.

Let's be honest, Mr. Leroy Fodor. You just came here to hawk your snake oil. Ha Ha HAHA JAJAJA! Follow the first link in my sig to get up to speed folks; Click the second one for a good laugh, as in HAHA!

Leroy's timeline within 6 month period:

Massive solar power bitcoin mining operation burned to the grown in the Philippines.
Came to this forum and begged for coins because he was flat broke and Filipinos suck (his words).
Couple months later had the largest bitcoin mining farm in all the Philippines.

It seems that the OP (yourself) has edited the thread title, I was a bit interested in how the Golden Ratio Attack was executed and from what I can surmise it is a mining ROI through higher transaction fees reading through the comments in the other thread, in a sense that would work as Satoshi did plan on transaction fees at some point in time transitioning and replacing the reward for discovering blocks accelrating that process involves an increase in mining fees but in addition to the stable block rewards pools would have an incentive to keep the fees high, the issue would not be a concern usually but in the case of space limitations it does present a possible problem and issue.

Not a bad idea in any sense as it could have happened when Ghash.io was near 50% but it looks like Gmaxwell came in and did some math but the concept looks like it has feet in my opinion.
Especially if a consortium of pools decided to group together to perform and execute this attack at cost to maintain a new quo in which case the honest miners would still make more but through block discovery on average the attackers would discover the transactions and reward themselves in the long run.

_
Lets imagine your mine with half hashpower. Lets imagine that a block can contain 6000 transactions.  Attacker has 1/2 hashpower.  Offered load is 4000 tx/block.

Attacker crafts 2000/tx block at 1coin/tx fee level. Making the rest match him (plus episilon, which we'll disregard).

His average cost for spam is 1000 coin/block (2000 * 1-rate).
His average income is 2000 coin/block (4000 * rate).  (He doesn't get income from his spam, he saves its cost however; see prior line)
His net income is 1000 coins/block, on average.

Now consider the consolidation of other miners:
Their average cost for spam is 0.
Their average income is 3000 coin/block (6000 * (1-rate)).
Their net income is 3000 coin/block.

Both groups have 50% hashrate, so the non-attacking miner has a fee income of three times greater the attacking miner per unit hashrate!

Normalized for hashrate thats 2000 vs 6000.

Your fee simply was too low for a transaction that you try when the bitcoin network is spammed since days. If you would have used the double value as fee then you surely wouldn't have had a problem. The thing is the spammers put in nice fees too and they create so big transactions that the blocks get full pretty fast.

So you simply need to pay more to get your transaction included faster. And maybe use 0.000201 or so since then you even have a slight advantage against users with 0.0002 Bitcoin as fee. Miners always use the best paying transactions first.

To reduce cost, spammers simply put the amount that is higher than average as fees. Miners have to include 50kb worth of transaction based on the priority first before going into the fee part where they rank transactions based on fee/kb not fee.

Putting 0.0001BTC/KB works fine for me. Mine was confirmed within the next block.

Your'e right. 0.0001 BTC as the minimum fee worked for me too at the end.

Luckily this spam attack, looked like to go endlessly ::), stopped. It was really annoying. :(

I've read somewhere that if you make the transaction fee from 10k Satoshi to 10001 Satoshi then your transaction will be more preferred than the other transaction whose fee is 10k Satoshi.

If they are the same in size (byte) and miners sort by fee per byte this would put you ahead in the list slightly, yes.

Slightly!!!!!!  Majority of people use 10k Satoshi as transaction fee and if we use 10001 Satoshi then it should give us a major advantage over others.

The transaction fee is a statistical question... As long as the entire mempool can fit in one block (which it can as of right now), you can go all the way down to 1 sat/byte.

The minimum TX fee to stay on the network (as of today) is 1000 sat / 1000 bytes (or 1 sat/byte).

If your TX has old coins, it is possible that the priority is high enough (as of today 57,600,000) to stay on the network with no TX fee

If the mempool is larger than one block (1,000,000 bytes) then your TX will need to compete with other TX to get in a block.

When transactions have to compete for blockspace the following sorting is used.

• The transactions are sorted by priority
• The highest priority (coin age) TX are selected until the block is 5% filled
• The remaining transactions are sorted by TX Fee / byte
• The highest fee paying TX are selected for the remaining 95% of the block space
• The rest of the TX are left into pool for the next sorting

If you studied statistics, this is straight forward problem to solve, but as others have stated about 76 times already... hard coding a fee value will not solve a statistical equation.  Best to get a wallet app that is mempool aware with sliding fees, or do the stats yourself if the mempool ever fills up again.

Why doesn't the miner chose the transactions to include judging from the satoshi per byte level? I mean there are miners that create 1 transaction blocks in order to get propagated fast. Then there are miners that include huge transactions only because they have a higher fee than other transactions but in fact these huge transactions make the block huge. And less fast to propagate.

So why doesn't they simply chose transactions from it's size proportionated to it's fee? Sounds like the more sane approach.

Miners get to include whatever TXs they want.  I outlined the "reference implementation" that is already coded for them.  If they code their own TX selection they are free to use whatever rules they want.

I'm afraid it's something you just have to get used to as it's going to get worse, even if they temporarily improve it.

the transaction "confirmation" time is back to normal and it is at a decent time .

Agreed.

I both sent and received coins last night in a timely manner, they both confirmed within a short amount of time. The one I received had a fee and the one I sent out did not and both took the same amount of time to get 6 confirmations.

I can confirm with this;

c25077f152401fd7245d4b99dbd2a240380680118e824bf8b85bcca567fa34b8

150 confirmations instead of the usual 50-70 during the "stress test". Over 24 hours.

yeah you bet it sucks... and if you want to speed up the process you will need to pay higher fees!
 The Block size needs to be increased to avoid these issues!

I understood that. What i ask is why the miners doesn't include transactions based on the fee AND the size. I mean when they include a big transaction only because it has a bigger fee than others then they will lose either because they could have include many small transactions that in total could create more fees for him and because such a big block can be propagated through the nodes more slowly. They risk getting their block orphaned.

That was what i was wondering about.

Lucky you. It is very rarely that one transaction have confirmation so easy and so fast. I use coinbase wallet and I don't know how is the amount of fee paid for every transaction because the fee is paid from my wallet (coinbase) but normally the confirmation needed much more time than 10-15 min. Seems that this have to do with the block sizes that must be increased. There are discussions about this but until now no agreement.

Fees are per size in Bitcoin Core as follows:

A transaction may be safely sent without fees if these conditions are met:

• It is smaller than 1,000 bytes.
• All outputs are 0.01 BTC or larger.
• Its priority is large enough (see the Technical Info section below)

Otherwise, the reference implementation will round up the transaction size to the next thousand bytes and add a fee of 0.1 mBTC (0.0001 BTC) per thousand bytes.  As an example, a fee of 0.1 mBTC (0.0001 BTC) would be added to a 746 byte transaction, and a fee of 0.2 mBTC (0.0002 BTC) would be added to a 1001 byte transaction.  Users may increase the default 0.0001 BTC/kB fee setting, but cannot control transaction fees for each transaction.  Bitcoin-Qt does prompt the user to accept the fee before the transaction is sent (they may cancel the transaction if they are not willing to pay the fee).

Note that a typical transaction is 500 bytes, so the typical transaction fee for low-priority transactions is 0.1 mBTC (0.0001 BTC), regardless of the number of bitcoins sent.

https://en.bitcoin.it/wiki/Transaction_fees

Yes, but that doesn't mean the miners are using the same model. It's only a minimum fee that a transaction has to meet in order to be able to be accepted by the miners.

But miners should care about fee per satoshi or millibit. And about the general size of the block, leading to faster or slower propagation. It might be that the spamtransactions would not be worth it then.