Bitcoin Forum

I sent someone 1 btc 8 hours ago, and it says (1 of 6) confirmations in my Bitcoin-Qt wallet, under Recent Transactions.

Is it normal to take so long?

I noticed in my Bitcoin-Qt settings, Pay transaction fee was set to 0.000000000. Is this the reason it's taking so long? What is the minimum fee I can set this to, to speed it up?

Use 0.0005 BTC (zero point triple-zero five bitcoins)

Okay, I can do that.

Just curious though, what if it was set to 0.000010 (half the fee you said)? Would it take a lot longer to be confirmed?

Also, I guess the transfers that are in place can't be sped up now... right? My bad :(

You can use lower amounts if you wish (I used to use 0.00025 but raised it to 0.0005 because most of my transactions are small and that fee is requested anyway, plus the network's getting busier these days), but they will only work on transactions where the fee is optional. "Low-priority" transactions will cause the client to demand a BTC0,0005 fee (per KB). I don't know if adding BTC0,00001 to a free transaction would speed it up, but it certainly couldn't do any harm.

PS BTC0,00001 is not half of BTC0,0005: it is one fiftieth thereof! Half of BTC0,0005 is BTC0,00025.

Yes a higher fee will get your transaction processed faster as some pools to reject freebies transaction confirmations.

With the network getting more busy, transactions will take longer.