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Title: Why are there so many unconfirmed transactions since 1-2 Days? Post by: prashant23 on March 01, 2016, 09:49:49 AM Does this means miners have slowed down? I am newbie..how do you rebroadcast a transaction?
Title: Re: Why are there so many unconfirmed transactions since 1-2 Days? Post by: pedrog on March 01, 2016, 10:00:33 AM Does this means miners have slowed down? I am newbie..how do you rebroadcast a transaction? Bitcoin can only handle something like 2 transactions per second, we have been beyond that for some time now and transactions pile up, plus, it seems someone is generating a lot of transactions, contributing for the already congested network. Title: Re: Why are there so many unconfirmed transactions since 1-2 Days? Post by: Alaki on March 01, 2016, 10:16:57 AM I am newbie..how do you rebroadcast a transaction? -> https://blog.blockchain.com/2014/07/08/tutorial-how-to-rebroadcast-a-bitcoin-transaction/Title: Re: Why are there so many unconfirmed transactions since 1-2 Days? Post by: prashant23 on March 01, 2016, 03:42:44 PM Thanks...I was wondering how would blockchain network handle transactions when and if bitcoins become more accepted.
Bitcoin promoters say that transaction fees is nill or negligible ..i guess getting atransaction through will be costly if it is already not. Title: Re: Why are there so many unconfirmed transactions since 1-2 Days? Post by: ca333 on March 01, 2016, 09:23:39 PM Thanks...I was wondering how would blockchain network handle transactions when and if bitcoins become more accepted. Bitcoin promoters say that transaction fees is nill or negligible ..i guess getting atransaction through will be costly if it is already not. this is why the blocksize but this is a more complex story/"problem": https://en.bitcoin.it/wiki/Block_size_limit_controversy the thing is: once this is resolved and the blocksize increased (+ yearly increasion rate set) the future scalability of bitcoin is not in danger anymore. too bad some turned this into a "political" debate. i personally think that +90 % or maybe +95% of the users would vote for BIP 101 if they all understood BTC proper. But it don't matter what users want. It matters what the majority of the generating network (miners) accepts/wants. |