Bitcoin Forum

mempool is practically empty now with 6600 https://blockchain.info/unconfirmed-transactions and unless they start spamming again, it will stay empty.

so why are fees still high (140 s/b)?!!

If someone offered you too much money to do a job, say $5 for sharpening a pencil, would you accept? It's a market, and the reactions aren't necessarily instantaneous.

Just offer less, it will likely get accepted by some miner pretty quickly.

yep even if blocks 26-75+ were near empty with just 2 tx's paying the estimate... the fee would rise

try it yourself. get a spreadsheet

You can use lower fees now, using 100 s/b you transaction will be confirmed on one or two blocks (and with 80-100 s/b you can expect confirmation on 5-6 blocks). I use this web to see the optimal fee: https://bitcoinfees.21.co

i doubt it.
when fee is still high and there are more unconfirmed transactions than a block can include if i pay less fees there are still more transactions with higher fees than mine.

eg. 8000 total tx and one block can have about 2-3000 tx and there will still be 6-7000 tx in front of me unless everyone does this.



go spam somewhere else.

Yes, but more people will begin to respond the same way, starting the process of pulling the average fees back down. You seem to want both fastest confirmation and lowest fees. You can never have both. You must balance speed and price, there is no other way.

Basically what you are trying to tell is that the core developers are trying their best to destroy what satoshi started in the first place.It is a monopoly and it will kill bitcoin in the long run.We are predicting values above $2000 and so on but transaction delays and increasing transaction fees will come and bite them in the end.

Use your own fee structure at these times and i doubt the transaction will be rejected, i have paid very little recently for non urgent transactions, yes it took 2 days to confirm but i was in no rush.

The problems comes when you are planning to withdraw funds from an exchange or a gambling site as you are not completely in control of the fees and if you are urgently in need of coins it might take a long time which is really irritating .Hope it changes for the better pretty soon.

For me, It's still the same. Whether or not The funds are from exchanges (Although Exchanges use low fees). No need to use higher fees than the recommended. going higher means You're showing your support for miners to centralize bitcoin. It should be Less Unconfirmed transaction = Less/recommended fees.

For me, It's still the same. Whether or not The funds are from exchanges (Although Exchanges use low fees). No need to use higher fees than the recommended. going higher means You're showing your support for miners to centralize bitcoin. It should be Less Unconfirmed transaction = Less/recommended fees.

if the only thing that concerns you is the FIAT price of $2000, as your exit target. your missing the whole point of bitcoin.

I feel that the fee is still high and rising due to the mentality that if you want to get confirmed quicker you MUST pay more (and it's true) this pushes the average up higher and higher for people to be confirmed at a normal rate.
At this rate, people are going to keep paying a rising price for the fee at an exponential rate.

Lower Fees and Faster Confirmations,
I can have both by using LTC (Also controlled by the Chinese) or ETH or another Altcoin.  :D

Locking oneself into one Coin service when there are plenty to choose from , is beyond stupid.
Competition is the only way to make the miners keep the fees lower,
No Competition between coins, then I hope you enjoy being butt-raped on fees, because that is exactly what the greedy miners are going to do to you.

 8)

It now came down to 3500 unconfirmed tratransactions. Hurry at last Hutton network is going to become fully confirmed transaction. Previously i had thought that the number which was 60000 last few days back will reach 1 lakh or will keep increasing but finally our money lovely cryptocurrency network came to almost normal stage. Thanks to miners who paid efforts to remove such situations.

what?!!!
miners didn't do anything different than any other day. they are mining blocks and they are as full as they get. the only difference is that spam attack has stopped for now. and god knows when it is going to be started again making the number go back to 60K-70K unconfirmed transactions again!

Demand, miners will prioritized high transaction fee over low, if what you want to do is for quick deal, you need to offer high or recommended transaction fees. I just hope the scaling issue would be resolved soon, because this need to stop

hey please don't pray to have again 60 to 70k u.confirmed transaction. Its really irritating to wait for payment long long time. Bynum is the father of all cryptocurrency and we all use bitcoin mostly other then any other coins so have less unconfirmed transaction is a bon for us. Thank god

where? i still see 120k satoshi per byte and it was in this range since months, nothing changed, the average is still 27k satoshi and previously was 22k, https://bitcoinfees.21.co/

Until some people are using this Altcoin ...  :D

standard fee in sending transaction 50 - 100k satoshi /Mb
if you use sending fee 140 satoshi/b or equal 140k satoshi/Mb i think you use sending fee is very high

I dont know about everyone else but I made 3 transactions today and all of them got 3 confirmations in under 30 minutes. I never thought I ever had a transaction happen that fast before.

Miners are pumping the transaction fees, this is very strange and unexpected from them, the number of unconfirmed transaction has been increased to 11k which is really high. To be up to date with the latest optimal fees we should check here https://bitcoinfees.21.co/

Unconfirmed Transactions were very low around the time of your post , less than 4000.

But only a few hours later and the Unconfirmed Transactions have increased back up to 19590 Unconfirmed Transactions.
So it is getting slower already.

Always check https://blockchain.info/unconfirmed-transactions ,
before sending BTC , the higher the # the longer the delays.
Anytime the number is 10000 or below , BTC runs at normal speed.


 8)

oh my god it reached again 37000  :'( why this happens can anyone explain here, please. I think ts because of spammy transaction that is a cyber attack on blockchain network. just I had checked twice once it was 3000 and next time it was 5000 so now I hoped that it would be around 3000 to 6000 but it shocked me because its 10 times more than my imagination.

This are due to lot of faucet transactions and other low volume gambling transaction are happening in the match time so you have to check that when ever their are sports matches running that time you will see high unconfirmed transaction due to heavy betting on other times you will see very less unconfirmed transactions as that time their wont be any match and only some of them are using the transfers.

and also the price rises so according to that the transaction fees also changes.

Exactly this will cause fees to go lower over time, this situation can't continue. We have free market and competition will kick in.
Bitcoin is not only cryptocurrency, as soon as Bitcoin miners will realize that their greed is harming network.
Users are displeased with constantly rising fees and they will either chose other coin or ditch cryptocurrency in general.

41,379 unconfirmed transactions now, according to blockchain.info.
You don't need an attack for a transaction backlog these days. Unless the blocksize is increased, or segwit is implemented, we are going to have to get used to large confirmation times / high fees.

Do you think they actually care about what Satoshi wanted? They are in this for the money, and if SegWit and LN is not accepted.. they

will move on to another Alt coin that will accept it, and most probably move on to the next implementation. This will continue, until they

have reached their goal. The capitalist system working at it's best.  ::)

BTC now at 71278 Unconfirmed Transactions

So either include an insanely high fee or use an Alternative option ,
if you need it there in a reasonable amount of time.


 8)

It's because we all follow the same work when it comes to paying for the fees on a transaction, think of it like this. Everyone pays a higher fee in order to get their transaction confirmed faster and faster, people are just going to keep paying more and this is going to rise at an exponential rate.

#ActivateSegWit

tx fee is up to the miners, each miner may decide if mine without charging any fee or a small amount, but thats is part of their profit. As block rewards decline tx fee will go up, by 2021 block rewards should be done, so tx fee will be the only profit. that is why some agreement needs to be done about this(fees).

I have a transaction with buy.bitcoin.com/Simplex that is hung-up somewhere (no trx yet, apparently not sent).  My problem is that the send to address will expire in 15 hours...  Not only is it not confirmed, it has not been sent!  7 hours ago I got an email from Simplex saying my BTC would arrive in 20 minutes....

Not only unarrived, unsent!  

Oh, and now 75,000 unconfirmed transactions.  

Then we will see.  I suppose I ought to try and cancel the trx???

The reason is pretty much clear and obvious that it is due to the high number of traffic that floods the system and that heavy transactions cannot be cope up with the miners due to the limit of 1 mb blocksize. So sometimes even if you pay huge miners fee the transaction is still long to confirm but if you don't set a high fee then it will took much longer.

This situation is happening more and more frequently each few days. More people start using Bitcoins every day while many people spam the blockchain with many fake transactions. I believe the Bitcoin destiny must be choosed soon and fast. A upgrade must be done, something that can make the transactions more dynamic inhibiting the spam. For now, what we can do is to wait and don't send any transaction when there are many unconfirmed transactions.

I’d never really thought about it that way but I must agree with your view because the last days the transaction fees are very high and the unconfirmed transactions most hours of a day is a nightmare; so I don't want imagine what will happen after a surge in bitcoin's price. Moreover, after many conversations and debate about the scaling issue there is no light in the end of tunnel. Therefore, I see too as the only solution if someone wants to do any micropayment transactions and doesn't like the domination of miners must go with altcoins. 

It is just a luck. Sometimes transactions completes within 15 to 20 mins and sometimes even after 2 hours the bitcoin transactions remain unconfirmed. I think it has to do with the whole block and if one person has send low tx fee, it slows down the whole block of transactions.

It based on your fees, but how many your fees dude? I believe if you're trying to put over than the general fees. I mean you was putting the higher fees rather than auto generate fees in your transaction.
Currently over 60k unconfirmed transaction.  :o
 

Simplex resolved the problem.   :)

Still, when there is stress like this on the blockchain, my future actions will be to avoid more complicated (or new) activities.  No new BTC providers, no nothing out of the ordinary.

And pay a high fee for anything "important".

It looks like we all should avoid thinking that the Bitcoin Ecosystem will usually be "routine", so exercise almost extreme caution...

I think the issue really should be resolved considering the future bitcoin must also grow well, bitcoin is supposed to be a means of payment transactions quickly and does not take too much FEE

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.

It looks like spam attack but massive adoption was making the blocks are so difficult to accommodate all of the transaction. some countries with high inflation are trying to use bitcoin become a way to exit from his problem(outside of the government instruction).
https://blockchain.info/unconfirmed-transactions

Too bad for you. I computed it and you paid 61sats per bytes and it still took you this long. I made a transaction just this morning and I paid 65 sats per bytes and it got confirmed within 20 minutes. I guess I just got lucky or that is the standard fee for now.

I'm happy when I see more than 20k unconfirmed transactions, but why? because it is a sign of success and functionality of the network.
Whenever you see empty mempool run for the hills, amazingly bitcoin surpassed Satoshi's expectations.

I never encountered this problem. Every transaction I sent, with reallllllly decent fee got confirmed in in the next mined block.
5 hours ago I withdrew bitcoin from online service with 20k satoshi fee and transaction was processed instantly.
Are you sure your fee was good enough?

The current figure of the unconfirmed transaction is 44,000+ so it is likely to remain high fees in order to get the transaction confirmed. I am not sure but the frequency of transactions backlog has increased these days. If someone is willing to get his transaction confirmed then he should either pay high fees for the transaction (according to the network) or wait for the transaction backlog to get over. It’s not a very good thing for bitcoin IMO.

Same here, and waiting for less than an hour I did not consider it as a delay. Sometimes less than 30 mins and its already fine. Usually fees range from 20,000 sats to 50,000 sats in some exchanges.

Just wait , as long as your transaction is on the blockchain already I think it will not lost.

I cannot understand why you claim that fees range from exchange to exchange. If I'm not mistaken I believe is not matter what exchange anyone uses but what is the transaction size and how many are the unconfirmed transactions (network load), except if is a service which offered from some exchanges where customers pay a standard fee regardless the transaction size. Unfortunately, these days the fees are very high from 60-70 s/byte to 140-160s/byte if someone wants a next block confirmation.