Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: Chief Satangkai on April 16, 2013, 07:48:10 PM



Title: Never mind the value...
Post by: Chief Satangkai on April 16, 2013, 07:48:10 PM
...what the fuck is up with the insane time it takes to transfer
and confirm your coins from A to B nowdays ?  I have made four
transactions this week and each took between 4 to 6 hours to
complete (6 confirmations)  It used to be so much faster...  ???


Title: Re: Never mind the value...
Post by: Mike Christ on April 16, 2013, 07:51:42 PM
That's odd.  You're including fees, right?  Normally my transactions take maybe half an hour to clear out with 6 confirmations.


Title: Re: Never mind the value...
Post by: ammo88 on April 16, 2013, 07:52:32 PM
I've noticed this too.. It's really a bummer, not sure what causes it.
It most certainly ain't anything regarding fees. I've had numerous transactions with fees of 0.0015 (which I considered quite high when value was around $200/BTC) which didn't enter 3 and sometimes 4 blocks mined. Something else is causing this delay...
 ???


Title: Re: Never mind the value...
Post by: tysat on April 16, 2013, 07:52:39 PM
That's odd.  You're including fees, right?  Normally my transactions take maybe half an hour to clear out with 6 confirmations.

Half hour for 6 confirmations?  That's twice as fast as it should be.

@OP  What Mike Christ said, are you including fees?  If so, maybe you need to up them a little.


Title: Re: Never mind the value...
Post by: Mike Christ on April 16, 2013, 07:55:43 PM
Half hour for 6 confirmations?  That's twice as fast as it should be.

I wasn't timing it so I could be off :P  Didn't feel like it took a terribly long time, tho.


Title: Re: Never mind the value...
Post by: tysat on April 16, 2013, 08:01:51 PM
Half hour for 6 confirmations?  That's twice as fast as it should be.

I wasn't timing it so I could be off :P  Didn't feel like it took a terribly long time, tho.

It's probably about an hour, as bitcoin blocks average to 1 block every 10 minutes.


Title: Re: Never mind the value...
Post by: Ekaros on April 16, 2013, 08:02:29 PM
Shouldn't it be about an hour from time it enters the chain?

Time to chain, is up to fees, or then there is something strange on some implementations...


Title: Re: Never mind the value...
Post by: blockbet.net on April 16, 2013, 08:17:39 PM
Depends on transaction size too right? If you're trying to send 0.0x btc or something like, it'll likely take a long time.


Title: Re: Never mind the value...
Post by: Remember remember the 5th of November on April 16, 2013, 08:19:24 PM
The higher the fees, the higher the chance it get's included in a block faster. In the far distant future, when and IF bitcoin succeeds, you'd be paying like 0.00000000000000000000001 fee. Likely even less, as this is per transaction, and by then the value of such a small coin will be very very high.