Bitcoin Forum

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d

There are transactions which got confirmations after 2-3 days. It doesn't make bitcoin to get collapse or to get vanished. Importantly once after sending, the receiver end gets it in the form of unconfirmed transaction. That itself serve as a confirmation that its on process towards the proper wallet address. So no more waiting is required to see all the confirmations.

FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.

Try to pay atleast 0.00015BTC in fees these days if you want faster confirmation, use web wallets like blockchain.info which will suggest you fee so that your transaction will get confirmed within next block or https://bitcoinfees.21.co/ can help you find what is enough fee depending upon your transaction size. Don't try to save few pennies.... ;D

The transaction is not very large either, just one input and one output, I had a larger transaction confirm quicker with one tenth of your fee (amount of bitcoin transferred makes no difference).
Some blocks are coming in half empty, it will get in eventually.
We really do need those 8MB blocks.

He's right if you can't afford to pay the transaction fees then bitcoins isn't for you. You want faster transactions then why you're not sending enough fees?

USE LTC or DOGE,

Faster & Cheaper
& also Controlled by China (like BTC)


 8)

Sometimes stuff like that happens. Probably fee-related to be honest. Just scanned the transaction and didn't reference the current fees, but I have never had something delayed that long and a large majority of the time I get transactions through within a few hours at most.

The transaction time issue mostly comes down to fees to my issue, confirmation times shouldn't be changing.

well, it is not going to die but if this continues happening and fees keep on rising because of the competition, bitcoin will turn into a completely speculation tool. which people only buy to sell and get out with more fiat.

Fees aren't rising, at least not by a significant amount.

The reason why OP made this thread is because he didn't pay a normal fee. Also, for some reason, the thread title is very over-exaggerated. Sending bitcoin without the normal fee will cause transactions to be very slow. It's like in a business, would someone rather serve the client paying more, or less?

With all the delay in transactions I have been reading, I have been reading, I have not witnessed any delay in transaction as I even did some transfer recently and it went fine without any delay. But I think the delay being experienced, will somehow be attached to transaction fees attached in that as we all know if the transaction fee is too low, the amount transferred might not deliver until forever...

well, i am not talking about OP's transaction alone. what i am talking about is this: https://blockchain.info/charts/mempool-count?timespan=60days
according to http://bitcoinfees.21.co/ the fee for OP tx should be about 17,000 and he has included 10,000
and right now there are 10,000 transactions waiting to be confirmed. how many of these transactions do you think have less than 90 satoshis/byte?
a couple of days ago when it was 50,000 transactions, how many of those do you think included 90-100+ satoshis/byte?

how much longer are we going to compete with each other and pay miners more until we start realizing we need a solution?

yes, You must pay transaction fee of 0.0002btc or more  then it will take about 30 minutes or 1 hour to transfer if you pay small fee under 0.0002btc it will take too long for that transaction (usually about 3 days later ).

You are Hero Member and you dont know the reason of this delay, as the price of bitcoin rise the transaction fees is also getting high so according to it you have to pay the fees then only it will get confirmed very soon. If you pay low then wait for more time to clear it.

maybe your fee is to low and makes the transaction is pending, i think its better if we use normal fee or high fee to make sure our transaction is getting confirms. i think the transaction time will be solve soon so bitcoin user don't have to wait too long to see their transaction is completed.

in my opinion, people still use bitcoin wether the transaction is not confirmed within a day, because the value of bitcoin is more than just the transaction and i think people is willing to wait more time for the transaction.

I don't think that such minor delays would be a strong reason to kill bitcoin. I think this is kind of exceptional case (there are many but the overall percentage is not much). Bitcoin is still a cheapest and fastest way to remit funds worldwide without formalities and limitations. While having a broad approach, I don't think these minor causes would affect much. It might give trouble on local level (eg - while shopping offline).

you probably just didn't sent it with the correct fee, which is on average 22k satoshi, check the size of your transaction, before determinating the correct size or use the automatic settings

Why not spending more satoshi for fees, at least the transaction fees not ask you to pay fees amount which more than your amount want to transfer (sign: wastern union).

I have some issue too with the transaction, it's taking so longer than I know bitcoin 1-2 past years ago, I used default fees of course. At least is not over 2-7 days to confirm with default fees.

Never experience that problem before, bitcoin will not die and not soon. Come one dude, just relax, you still gonna receive your money.

Than we should not promote Bitcoin in public saying that Bitcoin transaction charge lowest fees than it is false information we are spreading between users.
we should also say them that low fees but transaction will not confirm within 3-5 days.

Aah! So you are blaming the confirmation time for Bitcoin collapse!!
If you want to see your transactions confirming on rocket speed, you should ready to spend fees!
Since your amount is low and you don't wanna spend fees than better do small transactions with web wallets like Coinbase or Xapo. They have zero fees and transactions generally confirm in 20-40 minutes.

How is this false information? 10 cents is the lowest fee for an international payment system. If you find a cheaper system then use it, cheapskate.

Ok this is still going to be a problem,
but that's not enough to make bitcoin die
but it will ofcourse harm bitcoin in someway.
Just only a little.
As well little things can get bigger time to time.
Though you have a small fees
...
Bigger fees quick service

This has been happening for the last two years, bitcoin still alive despite all the problems when transacting and increased fees without any guarantee of quick and successful transaction or without any increase in user experience.

And there's a simple fix for your problem, change coin, there are a lot of popular and actively traded coins out there, just choose one.

its not a common problem its actully rare..(it happens with every 1 of 10 transaction maybe) it happened with me around 1.5month ago i dont remembered the exact date but its because of 2 reasons
1 . you payed a low price and 2. your transaction block got some wrong hashes and its stuck on the network like a trafic jam

I agree with this and you got it right man because putting average fees wont really hurt you at all and if OP dont like on waiting times then its better to pay the recommended fees or even higher so confirmation times wont be long.This thing doesnt really make bitcoin fall and it really doesnt affect much IMHO.

Just start using a decent web wallet, and you will have no such issues (and no need to pay any fees either)


It's a mining business certainly. But it is where the business is working against the common good and ultimately against itself as well as profits it might earn in the future. In this case, it looks more like miners deliberately not including transactions which have no fees and not enough fees even though there is plenty of room in the block they find and it costs them virtually nothing to add this transaction to the block...

I don't even mention rogue miners who chose not to confirm any transactions at all (with or without fees)

All wallets are suggesting high fees if you have enabled dynamic fees in order to make the transaction confirm faster. In Electrum for example which is my day to day wallet of use ,I use the maximum fee and I do not regret it. The convenience of bitcoin is nothing compared to even high fees (and by high fee I consider 0.36 USD) for a 24 USD transaction which is nothing to me and many other bitcoin users.

You just need to see the bright part and do not consider it as something limiting you.

No this will not cause bitcoin to die. It is just fees related issue. You must learn to spend some bitcoins on fees to get faster transactions. How can this cause the downfall of bitcoins. It is an integral part of the blockchain system.

Bitcoin is the only mode of payment that works without fee also although it takes more time in confirmation compared to a transaction with good fee.
Which payment method allows you to tranfer your money without any fee?
Bitcoin will not die just because few people like you dont want to give miniers their legitimate right to fee

so true . bitcoin developments now make users more inclined to use it every day. but any use bitcoin certainly has an impact that can not be predicted. we have to be precise in their use. there will be a shortage and there will be drawbacks.

https://www.viabtc.com/tools/txaccelerator/

you can use the link above to register your transaction id, at least it can help to speed up the confirmation of your transaction, please remember to do your bitcoin transactions also need to look at non-busy hours where there are many queues transactions that have not been confirmed
https://blockchain.info/unconfirmed-transactions

My advice: make sure it is not more than 4k new transaction so that you can more quickly get the confirmation in time is not busy

I am using YoBit for all my operations with bitcoin and I have never had any delay with sending my bitcoins or cashing out. Try this site to see the difference, maybe you will like this one.

Sometimes it's because of double spend.
The best solution is to type this in google status coinbase
Hope this help.

what does anything you said have to do with anything else here?!

OP has a transaction that has a low fee (by the current standard of the fee market battle) and that is why he is getting a low priority to be included in a block.

you say two things here:
- double spend, has nothing to do with how slow or fast you get a confirmation.
- your red text of "status coinbase" show the status of the site coinbase which shows if it is online or offline! again has nothing to do with either double spend or with low fees and fast confirmation.

Well It happened to me and my friends the confirmation took more than 24 hours but we are still here. Long confirmation doesnt really happen all the time. Sometimes if we are in a hurry place a big miners fee so that you will get a high priority and transactions will be processed faster. As a merchant in bitcoin I include miners fee to the items that I am selling so as to not be burdened by the fees.

@talkbitcoin see 5/1/2017 they are working on performance of their API. Hope this help

it is one of the problem that bitcoin had, the slow transaction had been a complaint and become the number one problem for local store to adapt bitcoin, hopefully this issue can be fixed, but my transaction seldom took a long time to confirm usually not more than 2 hours, but if bitcoin transaction can go faster for sure there will be more user

Confirmation may not cause bitcoin to die but it may be one of the major reason why Bitcoin won't be accepted by majority as mode of payment especially in offline stores.  This is also one of the biggest challenge of developer that is why there is this unresolve argument about creating a faster confirmation bitcoin.

Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just  0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed. If someone paying $0.1 as fees and his transaction processed within half an our or 1 to 2 hours maximum than I paid just 0.02 less so my transaction should be processed within 8-10 hours but its almost 24 hours passed and no signal confirmation yet.
what do say about this?

You are using your bank account your cheque doesn't clear for days does your bank gets closed. Your linking the two doesn't even makes sense, if you believe that due to slow transactions it will collapse. Sometimes they are slow and sometimes they are fast. It's normal so don't stress so much. But the most important thing is that the amount gets shown in your account. So give it time.

Hate it when happens but what do I have to say when most of times my transactions are confirmed under 10 minutes? There are already more than enough transactions with high and miners preferred fees in the network every minute that makes it impractical and a waste of time and resources to care about low fee transactions, that is why if you want yours to be confirmed fast better to use the recommended fee, though some times even with a high fee it takes hours to confirm and it should be taking care of.

On the contrary, that's exactly what it means. If your transaction fee is even slightly less than the cost of including your transaction in a block, miners have absolutely no incentive to do so, and your transaction will probably never be confirmed. That it why it is so important to pay the correct fee.

I say you're a cheapskate. I myself don't want to wait even one hour, and pay the maximum rate to ensure my transactions are included in the very next block, which typically costs about 5 cents extra for a grand total of 15 cents per transaction. I don't rightly know why people try to get away with paying less.

   Its also about helping miners, dont forget that. For me that is important part, in that way miners will keep bitcoin alive.
   If OP dont wish to help miners, or he cant afford to pay fee then he should really be patient and wait for transaction to confirm. I dont have such problems with my transactions, I pay 0.0001 fee and everything is better then alright.

Now what can be done for the transaction which has stucked in middle how can i increase my transaction fees when it is already spent. Can I modify that transaction or it's fees when it is stucked or I have to contact to someone to confirm my transaction?    

Hey I also paid same fees so do you want to say that you are paying 0.0001 satoshi for your transaction so you are helping miners and I'm also paying 0.0001 satoshi for transaction fees and I'm not helping miners. Did you even see my OP that has transaction link? You should first check that and than post.

Do not let the user rank fool you into believing that one person knows more about Bitcoin than another. A lot of accounts are bought by people

to participate it signature campaigns to get higher income. { I am not saying this is the case with OP, but in some cases this is true } Some

of these users can easily be identified, when the post style change.  ::)

So i wanted to do something good for Bitcoin. Support the ecosystem and all. I opened my company to Bitcoin and now you can pay us or receive your payment in Bitcoin. We have about 10,000 Transactions a day and those 5 cents you do not care about amount up to $500 per day or $15,000 per month. Just like that. I do not know how much you make a month, but if you think that 5 cent can not make a difference, then think again.

I did not bought this account from anyone and I created this account myself and  handling my own account from day 1 when it was created by me. This is my one and only account on this forum.

Well its wizzard the transaction taking soo long, but the fee you putted might had affected your transaction, if im not wrong the fee should had to be bigger then those 10k satoshis you put, soo its your fault those transaction hadnt been confirmed, dont blame anything else. I pretty sure those transaction would require something like 30k satoshis atleast soo you changed and you are taking the risk and the delays.
This is the sugested fee for the transaction size,90 satoshis/byte, changing it will affect the time the network will confirm it.

They do have some point because we cant really believe a Hero member doesnt still know about bitcoin transactions?How much would be the recommended fee to have a good confirmation times its quiet confusing but well you said you do only have that account.We wont argue im just stating also my view.
Confirmations times really depends on the fee and to the blockchain network queue transactions.

Does anyone else see the contradiction in this post?

Well, usually they are confirmed and even a lot faster than in a day, so it doesn't seem to be a big threat. And even if a confirmation last for some hours.. Sometimes you order some delivery (food) and your payment is not confirmed for a long time as well. But you still use it, font you? So nothing dies because of some delays. There is still nothing analogoud to btc in strength and anonymity, so it is not in danger.

well, I think it is very old information. may be a slight problem on blockchain, but I believe the transaction will not be more than 24 hours. but, it remains a long transaction. if this happens continuously, I think people's interest in bitcoin, will be reduced gradually. I hope this is just a quick interference to fix.

So you are blaming the confirmation time for Bitcoin collapse seriouly there are many more factors time is for sure not even one of them for sure
If you want it to happen fast i guess you need to pay more fees for sure
Since your amount is low than better do small transactions with web wallets like Coinbase. They have zero fees and transactions confirm in 40-60 minutes.

I'll guess it will get confirmed within 24 hours, currently there is little bit over 7000 unconfirmed transactions. I would use 100sat/byte fees most of the times so the transaction will get confirmed most of the times on the next block.

Even if you pay the maximum of default fees it would still be the lowest compared to other payment processors, so NO, we are not spreading false information that bitcoin charges the lowest fees on transactions because it does. 22k satoshi as a fee for above $20 transaction is nothing.

As far as i know, A normal transaction are confirmed within 10-15 min. There are many unusual happend might be affected your transaction as a result sometimes it little bit delay.Come over those unusual happend you may ensure first your network fee.
According to this,you can't say that only on this happend people are unlike bitcoin,its not a wise talk.

Bitcoin will die ? Of course, no, it is not bitcoin fault, when one rich man needs to send 1-2 bitcoins without pay nothing, my transaction fee always is 0.00025 or more and confirmations is fast, so I'm ok with my fees and bitcoins. Good luck

Bitcoin wont die on this just simple matter regarding on delay transaction which i already treated already as a normal thing on bitcoin network because we are increasing on volume which means transactions are increasing too which means it gives more traffic on the chain thats why confirmation does really took soo long and also depends on the fee you put on that transfer.The less fee the longer it would confirm.

Then users won't have incentive to transact

In fact, this is a tricky question. Ultimately, miners are more dependent on Bitcoin users than Bitcoin users on them, so they should have more incentive to include transactions than reject them. After all, it will take just one transaction to send your Bitcoin stash to an exchange, convert it to fiat and forget about bitcoins for good. On the other hand though, if miners include all transactions (with or without fees), users will be incentivized to pay no fees at all. And when the mining reward is halved down to next to nothing, miners would be starved to death (if they don't force the fees)

Until today, Bitcoin died over 100 times already, It's what people say over and over...
But it is still here and rocking  :P

You didnt pay enough in fees, what do you expect, pay the proper fee and you will get a quick confirmation, its not rocket science.  Look at the small fee as the price of Banking freedom,  owning your own money.

or just go back to the main stream banking cartel, where your money is only yours because they say it is, were they ask you how did you get it, who you sending it to and why.  ever tried withdrawing a large sum of cash from a bank..... nightmare, they simply wont let you and its only going to get worse.  

Maybe because the typical hourly wage is $0.13 in some part of the world?
Bitcoin will never "bank the unbanked" if people have to pay a whole hour of sweatshop labour to make a transaction.
EDIT:
Your transaction was confirmed, 1 day, 2 hours, and 3 minutes after being broadcast:
https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d (https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d)

I do not know why you think it makes sense to compare the overhead of a company to the income of an individual. Nor why you don't just include that overhead in the price of your services. Nor why you need to make 10,000 transactions a day in the first place. Nor why you don't just switch to a cheaper payment system, such as, um... uh... you know, one of those... cheaper ones...

Why would i not compare them? The have to pay both or is there a way where companies pay less, like some taxes? You know that there are cheaper ones. Bitcoin is not the holy grail. But if i switch, then i will not be able to help Bitcoin. Maybe it was a bad idea in the first place. Maybe this is why so many businesses do not use Bitcoin as payment method. 

I'm sure bitcoin users will move to cryptocurrency which has almost similar and opportunities to become the best cryptocurrency like bitcoin, era of digital currency will not disappear with the loss of one cryptocurrency

my all small amount transaction w/o the most just hour delay, i use coinbase.
And also ppl pay me as they know the amount to give miners.

this is the bitcoin rule now.

they can easily accept it offchain with bitpay i see no excuse there, or they might simply accept it without confirmation like they do all the tiem with visa and mastercard which require 180 ays of confirmations...

Because any company with more than one employee will, by definition, have expenses several times greater than the average income of its employees, since their salaries are part of the company's expenses. And a successful company will, also by definition, have gross income even greater than that. If your company's income is even remotely comparable to that of any individual working for it, you have a budget problem that can't be solved by skimping a few pennies in transaction fees.

For rapid international payment processing? I don't know that.

Sure you will. Competition is necessary to ensure market efficiency. As I told the OP, if you know of a cheaper system, you should use it.

It seems that your transaction is fine by now. Well if you think that all the transactions are the same just like yours, you are wrong with it. Just try to put some fee on it and it will be confirmed immediately by the miners. They just need to be appreciated by means of small fees, its not even a problem with me and other bitcoin people.

It is still possible for the transaction to go through but it'll take longer than usual. It seems that higher fees allow the transaction to be finished faster but there's really no reason for them to outright reject these "free" transactions. Soon these fees would be the miners sole source of Bitcoins when they've mined out everything.