Bitcoin Forum

This was not the bitcoin i had seen!

What in the world has happened to bitcoin


It is almost one day and the transaction has not been confirmed and as a result i am not able to trade in any exchange..

i have heard that the transaction confirmation time has increased but never expected this worst case.. at this rate everyone will soon abandon bitcoin and this is the reason perhaps bitcoin dominance has come down significantly in the crypto space

Simply pay the proper fee. Most clients include that functionality by now.

In all that time you didn't bother to learn how to use Bitcoin? That's unfortunate.

There is more competition to append the block chain these days and if you want to be first in line (priority) you have to outbid other users.

Mostly confirmation happens when your transaction payment is low and if you need to fasten this up well its very advisable to increase the payment. And your so hysterical about that and surely bitcoins will not go back for 2 years backward since adoption are pretty much strong and it can be called top of the line right now so better you should wait for your transaction transferred since delays on it is not a rare case.

You are unlucky to come back in the middle of a spam attack, probably related to the review of the ETF result that will happen in Monday.

In the last spam attack some of my transactions also took some days to be confirmed, but they eventually got confirmed.

Things will return to normality, eventually

Welcome to the club, along with 137,000 others (http://www.btc.com). Bitcoin was hijacked and "Core" stopped increasing block size, when they received their self-appointed doctorates in economics.  The debate is commodity vs currency.

EDIT: https://www.bitcoinunlimited.info/

The same bitcoin environment doesnot exist today as two years back.Lots of new people now know about bitcoin and its even accepted as a legal payment in japan.With such a big grown network,we couldnot expet the same older transaction fee.Just pay the appropriate fee for quick transactions.Be grown up.No one is going to abandon bitcoin except you.

Welcome back, and you are right. 

Things have gotten out of control.

Review my post history to see a lot of the reasons for madness.

And me.  I'm moving to LiteCoin, as soon as they get SegWit figured out and this warning on my core node goes away:

1. 2MB blocks
2. 2.5 minute tx times
3. Can buy on Coinbase
4. A couple PH of security (mining)
5. It's not ETH
6. LOW transaction fees (merchant acceptance)

Not everyone is a Bitcoin maximalist.

Tell that to the people who are mining BTC on S3s in Venezuela to buy food on Amazon pantry vía purse.io/ and having it smuggled across the border.  Food.  

https://cointelegraph.com/news/bitcoin-becomes-venezuelans-last-resort-even-when-buying-food

EDIT: To help give you an idea ... .002 BTC is 60 days mining on an S3 (approximately).

Not necessarily true. At the moment, there are currently more than 140,000 unconfirmed transactions. My last transaction took over 8 hours, and I paid nearly $4 to simply move coins from my hot wallet to an exchange.

Confirmation times will be the downfall of Bitcoin, if a soft fork (at the least) doesn't happen. I personally have made the switch over to LTC, ETH and XMR, simply because of the nearly instant (and much cheaper) transactions. BTC will always be the gold standard, but unfortunately, with more and more people learning about it, the slower that confirmations will become.

Ohh welcome back and great timing but unfortunately bitcoin's network is currently being attack by a spam of transactions at the moment.
But it should be fine in couple of hours or days, in the mean time you could resd some articles about the innovations of bitcoin and worldwide adoption, getting legalized in some countries, many merchants and services started accepting bitcoin as a payment method.

If the same amount of users bitcoin has now used your mentioned altcoin, I guess they would have the same speed of confirmation time bitcoin have now maybe more. To fasten transactions I use viabtc to accelerate transactions but sometimes it still takes hours but its still good. Even if it takes days though the important thing for me is that it will arrive so I will just wait patiently and use bitcoin.

What is a spam transaction?

I like your comment, you are totally right here, and I support your decisions. LTC is good, its not eth and what is more important not everyone is bitcoin maximalist, so why not other coins to have equal chances for success.
On other side, bitcoin transaction time can be really annoying if someone is in a hurry or simply wish things to be done right away. I waited more then 5 days recently, and yesterday I received 0.1 btc after 3-4 days of waiting for confirmation, this waiting for confirmation really affects us all.

whats wrong w eth

pay the correct fee, next time, i see that now if you pay half of the fee you can still have it confirmed in a good amount of time


anything that aim to increase the amount of transaction to a very high value in a short time frame, but really it subjective, there is now ay tot ell if soeone is spammign a tx or not, if he don't pay the fee it will be simply rejected

otherwise it will be accepted like many other transaction, int he end every transaction can be called a spam or not

this is not a fault of Bitcoin Bitcoin network because in the current time unlimited numbers of the transaction are going with the BTC that are making competition to confirm the transaction at first so I think you need to pay the high fees for the fast confirmation.
Last day I made about 3 to 4 transaction but I didn't face any problem in my transaction for the confirmation because I gave the much amount of fees for the confirmation of my Bitcoin transaction .
But here this is a really big factor that we needed to get better improvement in the Bitcoin network was in the future we will use more and more Bitcoin in the whole world so we need the better efficiency by the Bitcoin network in the low fee .

maybe you use small fee when you want to send into other wallet, i suggest you use standard fee to get normal confirmations at least you can use 0.0005 btc to send the amount. many of us have this experience and they only waiting long confirming but in the end, the status will be completed.

This thread number 1000 complaining about the confirmation time.
This happens every time when bitcoin price skyrockets,but  you are returning to btc ,so i assume you didn`t know about that.

If you really checked the price of bitcoin you would not say that the dominance of bitcoin has come down significantly ,yes there is a significant change in transaction delays and the price of transaction has increased in the past few months and if you are not able to provide the required fees then your transaction might get rejected.

There is already a lot of things that have been changed ever since. A lot of people now are using bitcoin and a lot of volumes of both money and users are coming to bitcoin everyday so there is no surprising moment for bitcoin if the transaction confirmations takes a lot of time because the network is getting more crowded and that is causing so much traffic to the network.

I think he havnt saved any BTC in the past and after seeing the price, he got a heart attack and got frustrated. For that kind of price the fee will also be higher than the normal mate. But still it is low if you compare other service providers as well as currencies.

It is really hard to compare bitcoin transaction with any other transaction platforms and you really cannot compare the price difference as it is not fair, it is really frustration to see the price of transaction is getting higher with the price ,we need to increase the block limit to accommodate more transactions and that is the only solution here.

There is still no consensus as to what solution to adopt to clear the scaling problem affecting Bitcoin right now. The division now clearly happening in the Bitcoin community though not affecting the price but definitely making transactions more costly and a lot delayed. You are right, the Bitcoin today was not the Bitcoin two years ago. Hope solutions can be afforded soon so that we can move on and Bitcoin can already be growing according to its real potential.

Probably nothing.  It's really cool, but there seem to be secrets with the pre-mining and DAO.  Also, it's just not my space.  For me it's a bit of a Rube Goldberg Machine. I'm sure there is a lot of money to be made with the major banks jumping into the space.  However, they "are switching" to PoS.  Putting the pre-mining, DAO, PoS, bank investments and unlimited number of tokens together leads me to a slope of centralization.

I do own a little ETC for speculation.


It is a pleasure to use and an old bitcoin chain, so it has many of the same characteristics.

Exactly. The politics going on with this scaling issue has been the main bottleneck for some time now that is make bitcoin not really ideal for micro-transactions. The only way around is to used a higher transaction fee so that chances of you getting to the next block to process your transaction is high. We are all hoping that the issue can be resolved to help bitcoin grow and be mass adopted.

I find I can send 20 transactions to another wallet with no fee and, when I need them to go through, I send a small transaction with a high fee and it picks them all up. I don't know why, but as long as it's wallet address A-->B for each transaction it seems to work.

Segwit has already been locked into litecoin. see

https://www.cryptocoinsnews.com/litecoin-successfully-activates-segwit/


Not many people are using it though - possibly because they don't realize it has gone live.

Bitcoin is not an auction.

Queue jumping in the real world is bad manners.

  At a time when this is many peoples first encounter with bitcoin due to the ransomware the long confirmation times will definetly be turning many off. If Bitcoin wants mass adoption to take place it has to lower the tx time. Nobody wants to be waiting in a store to confirm a tx for 4 hours.

Yup.  I think it's neat, but I'm not all that into 2004 Ripple tethering.  I am interested to see what it brings.  For now, my Litecoin node holds no $LTC. I'll pull my coins back into my node from Jaxx once the warning goes away within the software.  

Any idea when they are going to release the software to accommodate the new rules?  

You came back at the wrong time, when some entity are doing their rounds of spam attack which is already on-going for a few weeks now. Their reason I know nothing about, but the 'only' workaround for the slow confirmation times is raising your few a little bit more to get it confirmed much faster and be placed in high priority.

This. Being a cheap ass on the fee will get you what you deserve -- a delayed confirmation time.

Situation has turned worst. Yesterday, I tried to send $0.7 via btc but as soon as I clicked 'send', $1.03 fees attached with my transaction.
The day was not much ago when bitcoin used to be the saviour of micropayments but consider present, the fees hit $1+.
The time has come when bitcoin need to resolve scaling in order to maintain its legacy.

Too bad it will take a "catastrophe" to force the community to make a decision on block size issue. Nonetheless, the issue will be resolved and we will continue to move forward.

What are you talking about? 

Your quick rundown on this entire fiasco is basically a bunch of repeated spam attacks have been driving up the unconfirmed transactions while also increasing the fees, and now it's a game of trying to get your transactions confirmed within a decent time while also trying to not pay a ton in miner's fees. It really is a mess but no-one is interested in figuring things out.
People won't be abandoning yet. There's still too much to lose.

I think the transaction was pretty fast 2 years ago because the number of users aren't big yet,
And right now we have so many bitcoin users who are sending and receiving in the same time so I think it is one of the reason why the confirmation takes time.

I think that's the most important thing here, even with the lowest fee transactions get confirmed sooner or later. A friend of mine waited more than 3 days lately and even started to panic because he's not much into Bitcoin and he thought he might lose the money.

But of course for people who do trading waiting so long is unacceptable. And that's why it became impossible to trade small amounts. But with bigger amounts, when you can easily afford paying $1.5 for transaction, you can trade even now.

Indeed, this is not the Bitcoin you had seen, now it's price has increased  800% since the last time you used it (May 2015), and instead of this it's the slow confirmation times that shocked you, this is strange at least.

Nothing, and that's the issue. Bitcoin hasn't scaled, thus transaction with a low fee don't come through (quickly).

Bitcoin confirmation time does not change, it is the fee that change to make your transaction to have instant confirmation.  If you pay a transaction fee that requires bitcoin to be instantly confirmed two year ago, well, I guess you will be waiting for days before it confirmed.


This so you need to pay the proper amount for transaction fee.

And next month it will be completely different again. Its called growth and change and with those comes problems. And with problems comes competition and improvements.  Its working perfectly!

Are you Satoshi Nakamoto that had to go into hiding or where on earth did you go to for 2 years, to not be able to keep tab with Bitcoin? Well it is certainly not all bad news, if you can remember the worth of the Bitcoin you left behind and how much it has now been multiplied, you will not miss a smile.

You may want to known that delay in confirmation is a problem that already been identified, soon it would be address.

Well, welcome back OP.  There's been some horribly long confirmation times in the past few weeks, but the network congestion seems to be improving somewhat.  And yes, the fees have gotten far higher than they used to be.  That's to be expected when bitcoin is $1800, and you know it's going to get much worse if we go higher.  I see it as the cost of doing business, just like paying tax on gold or the like.  I'm not too upset, because we've gotten a very nice bump these past two months.

If everyone who sends bitcoin, would choose minimum fee (maybe even a zero) how would that change things?
And some of my thoughts about these high fees. When the fees will get extremely high (in $ or € or any other fiat currency) more of people will decide to mine, which means there will be more Hash power, which then leads to faster transactions. Maybe this high fees and long transactions times are really work of men (spam transactions). And who would benefit from this the most? I would say miners...
Only my thoughts, didn't research things properly. Please correct me if I'm wrong.

I just hope that there won't be some greedy people who would take advantage of the whole thing and ruin the whole concept of Bitcoin.

That's probably true. People think they can transact any amount of money for 'free' using Bitcoin, which is completely wrong.

That's not true. When fees gets higher, people will turn their backs on Bitcoin (except investors and enthusiasts), and proceed with online payment processors like PayPal.

Not everyone can afford mining gears, let alone electricity and climate conditions. One needs a Massively huge Hash Power to be capable of processing/confirming transactions faster.

Weird, but true.

Of course, they are. That's why there are a few persons who can manipulate bitcoin (or at least change its directions) because they own a huge chunk of Hash Power (someone like Jihan Wu), and respectively they get a massive amount of money.

And that is the way it is designed to work  and stay in equilibrium. It is a thing of beauty.

The price of bitcoin has increased and we all know that but we have to understand that it is not that easy to gamble with the price we have with bitcoin and the confirmation time and transaction charges are really shocking and nothing is strange because these are the facts we are facing right now.Earlier i used to spend time in dice sites but with the price so high i really cannot play in those bitcoin based dice sites as i do not want to get busted like i used to in the past,simply because of the price and even if i want to send micro transaction it is not possible now.

Maybe he have expected that bitcoin have adopted to the amount of users coming in and the transactions that would bring. But instead, bitcoin has remained stagnant and failed to scale thus high transaction fee and confirmation time. Giving higher fee for faster confirmation is not a solution. It will just make the fee bloat indefinitely as more people want their tx to be first in line. But we cannot make the miners  choose the right solution right away because they are still enjoying the high fees they are getting.

Being away for two years is quite a long time for you to expect major changes and so don't be surprised I'm sure if you close your eyes for the next two years you'll return to a Bitcoin with improvements that will meet your preferences. I'm not justifying the delayed confirmations but I'm also surprised you were expecting to see the same thing.

A few other changes have occurred - if you don't pay a high fee, people here on the forum will abuse you and tell you it's your fault. Ignore those tools - they can't grasp that if everyone paid high fees, all transactions still can't be confirmed!

Oh, also, most rational talk here of increasing the blocksize limit is met with pro-Segwit spam. Save your breath.

Don't know anyone who was absent so long time from Bitcoin world. How did you manage?  :) It must have been a kind of shock for you, many things have changed.
Confirmation time depends a big deal of the transactions fee so try to avoid very low fees. Otherwise O think in two years time many good things have happened for Bitcoins.

2 years ago, we don't really care about fees of payment transaction blockchain and we can easily send and receive bitcoin in just minutes. But now, I can't understand​ why I have to pay miner to confirm my transaction when they have reward on block they solve.

Yes it is not the bitcoin you have seen. It grew in price and a lot happened.
You could try to review everything just for updates so you would see the reasons why and how you could hasten your transaction time.
You may have been too much excited getting back and didn't realize this could happen.
But also, from the start it is the more you pay the faster.

Sincerely, thats how bad things have turned out to be but we are still here. When I joined bitcoin all those people predicting the death of bitcoin based on reasons like this that they foresaw, I believe that everything they were saying is a myth. I transfer and receive within minutes even with confirmations couple with low fees but now the only thing that can be said is 'the good old days'.

This is the most common problem in many bitcoin user most of the time in the transaction it almost take forever like you would think you will be lucky if you receive it in 12hours but for me it was just normal and the main thing is we just adopted this kind of system and its okey the important is we receive the transactions.I mean this nothing we can do unless pay high fees.

I pay n average one dollar to do a Bitcoin transaction if I want it to be sent in a reasonable time frame so I try not to send less than 50 bucks worth at a time and don't use it for small transactions anymore. I prefer to use other altcoins that are cheap and work faster for the smaller transactions I execute.

First of all Op after a long break getting back to bitcoin is simply good and soon he'll omit the transaction confirmation is not at all an big issue. In the past the transaction fee is low as the price is low along with the low usage. Now everything has increased even with big fee confirmation delay happens just because of increased user profiles.

As i understand it blocks are new generated bitcoins, and fees which we are paying with every transaction is their payment... And once no new bitcoins will be generated through blocks only fees will keep the thing going. So fee is a must be.

Yeah, things are going from normal to worst. One good thing is that price has increased but as mentioned, confirmation time is terrible and plus we have to pay very, very high fees and still confirmation time sucks.
We need something to fix current situation because things aren't going good and day to day using of bitcoin becomes terrible. I think bitcoin will lost it's users if something won't happen and situation won't be fixed.

The reason why the miner fee is increasing is because of the hard time to mine bitcoins. The reason is that there is a spam attack on the blockchain that causes delay and eats upon the blocksize. The miner fee was placed by the web wallet host and by the exchangers so that your btc transaction could be process much faster. The higher your miner fee the faster your confirmation will be.

man, due to most of the altcoins are traded with bitcoin, the bitcoin dominance is never been less than 50% unless the allowance of trading between fiats and alts directly. i know the spee dof transaction is too slow, but bitcoin is still the most popular cryptocurrency, after all, and has better ability to trade. the high transaction volume, and the higher difficulty of working in bitcoin, resulting the everhigher fee for faster confirmation.
+1 until the blockchain size growth doubles for higher amount of transactions.

Well that's  the sad story we've all been meted with and instead of building a consensus on how to solve the problem the community is rather divided and everyone seeking fame with his opinion. I don't know when it's going to be solved but this doesn't auger well for Bitcoin.

Ya this is the main issue of problem facing by the bitcoin users and even when paying high fees the confirmation of transaction is taking very long time, until this is not solved bitcoin may get more negative aspects

The high fees can be solved as well as the slow confirmation time in the blockchain network and the solution for me is the, segwit like in the litecoin which will make the transactions faster and the fees might go down and that is when we are going to have a non-hassle transactions and problems again.

i am really happy about litecoin, because as we all know it is the exact copy of bitcoin and it has always been considered as the silver to bitcoins gold. and my happiness is because now that this copy of bitcoin has activated SegWit, many of miners can finally change their mind and join the SegWit train and with a bigger support we can finally activate it even if it means using UASF.

There are still many different opinions on this issue. People do not have a common idea, so they always contradict each other, and the problem becomes more difficult to resolve. Basically, bitcoin needs larger block numbers, but security needs to be met.

I also feel that the transaction within a day can not be confirmed, This is due to the increase in users bitcoin transaction to effect the confirmation of many.
Perhaps scientists are trying to improve the convenience of bitcoin transactions.

I think, the price of the new BTC surprised you, while the confirmation time is high but it is inevitable when the number of transactions increased dramatically.

You know what is the only thing you can buy with LTC?  Bitcoin!!!!!



Paying the fee recommend at http://bitcoinfees.21.co/ has always worked for me.
If you transfer more than 100$ don't be stingy over a few cents.



Lols, hard time to mine bitcoins?
Please, spend alt least 5 minutes reading how bitcoin mining and block transaction work.
It's not even funny when poeple so involved in btc don't have a clue about the basics.

That is true, confirmation time has increased in last few months slightly, but the change is not so big as you may think.
It is more about what fee are you wiling to pay for a transaction, because if you want to get your transaction confirmed in the first block, then you should just go with a fee that is high enough to be very attractive to miners. After all, they have profits from doing that, so they are seeking for the transactions that give the biggest bounty: where the fee is highest.

Usually, average fee right now is somewhere between 35-50k satoshi, not 20k like previously.
I advise you to use https://bitcoinfees.21.co/ , it is very useful for doing transactions at blockchain.

I second that.

Made two transactions at the same time last night. LTC and BTC. Both with recommended fees.
BTC confirmed once before LTC did. It was 220/sat per byte.
Bitcoin is a utility that apparently has huge adoption. Pay accordingly.

As for mass adoption, congestion will clear when greed makes friends out of adversaries. So funny that people getting sucked into debate when they really get nothing out of it. This is a power grab, not an issue of ignorance. Either side trying to drum up support, when in the end, a truce between the parties is the only way to move forward on scaling.

At the time you left bitcoin there wasn't enough people to use it. Hence confirmation times were shorter.

Go ahead and pick any altcoin of your choice. Altcoins are 'fast' because there is barely anyone sending any transaction. Bitcoin was the same once.
Do you think that if that altcoin will have bitcoin's user base and its network would be directly an constantly spammed everyday, it would be still as  fast as it is now?

I think it would be a really great idea if wallets would integrate a feature that shows how long the transaction will take approx with different dynamic fee settings.

Because of this late transaction now all sites are increased the confirmation fee to get fast confirmation. Before it was standard fee 0.0002 BTC if we pay this amount the transaction will confirm within few minutes. But now it's doubled we have to pay 0.0004 BTC to get fast confirmation. The speed increased, but the fee is bit high we can't do anything we must pay.

Fees go up as demand increases. Everyone should realize that. Also the rewards per block are less and less. Miners need btc pirces higher andore fees to keep going.

I accept Litecoin. You can buy pepper seeds from me with Litecoin. All I have left is Yum-Yum and Thai Pepper.  I am sold out of the rest. 5 Yum-Yum for .109 LTC or 20 Thai for .109 LTC. Very high quality genetics and origin sourced.  

EDIT: You can also buy USD.

I use shapeshift.io/ and enter the BTC address for purchases as a way to avoid speed up my transactions.


What if you are sending 10.15 Venezuelan Bolívar for some rice?

https://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#3d03eb4619b2


It's difficult to tell because sometimes it takes an hour, usually once per day, for a new block to propagate. I use btc.com to see recommended fees.  I like the idea of being able to tell what fee you will attach is good because I rarely pay more than 0.0002225; it just takes a while, though not always.

When it comes to block size there is this:

https://i.imgur.com/aq4T0aF.gif

Yeah man, you have to accept the truth. Too many people are using Bitcoin and the technology of Bitcoin is not being improved yet. That is why it is still remaining slow and may become slower in the future

So?

Nothing!

Pay proper fee as per https://btc.com/stats/unconfirmed-tx

As more cryptos launch with pre-set price and hence an inflated market cap, bitcoin dominance will look tinier. But, that does not change the fact that bitcoin remains as the most secure crypto where one can hold million+ USD. It seems, that the price increase of Bitcoin has not left any positive impact on u. Hence, I'd suggest, for faster confirmation crypto, u may sell all your bitcoin for dogecoin.

I wonder why you think it is such a big increase?
It is a fact that currently, we have to wait longer for our transactions being confirmed in a block, but the difference is not so big in my opinion.
I have to say that the fee is more harmful for every bitcoin user, especially for those who are doing many transactions.
I really miss the times where we could just pay 0.0002BTC for doing one transaction: but they have passed and we have to accept that fact.
After all, it makes bitcoin a little bit useless for doing micropayments, but it is still a great way to make some profits or just pay for digital goods/wares for shipping.

Transaction is slow because you are using a small amount, if you increase your amount than may be it will not happen. But i also accept if bitcoin want to maintain its progress than should do something faster for bitcoin. Majority of bitcoin users are using the bitcoin for transactions and if they will not comfort than definitely bitcoin has troubling in future. 

I'm still not very much versed in these issues, but it seems to me that it is pointless to translate small amounts because the percentage is quite large and the financial transaction will be unprofitable.

This can't continue like this in the long term. As we know, the number of users is increasing with every passing day, and therefore it can be expected that the number of transactions will also rise. If we are having such delays and backlogs now, what will be the situation after one year?

Bitcoin's confirmation time is not that bad considering that amount of time it requires for some Bank Wire's funding an account overseas. There's a bunch of Banks that require people to wait about 28 days in order to get their money, Bitcoin does not require that much of a wait.

If most of you considering that bitcoin is currency and not only commodity, then why speaking for transaction fees with dollars and not with a fraction of bitcoins? Are you paying miners with dollars? I believe that all we want bitcoin to the moon and fees down to earth. Is that possible?

I always select the high fee when sending from trezor or a wallet like that, but with blockchain.info, I just always went with the default setting.   I sent a transaction 2 days ago, and still don't have any confirmations.

The thing is the blockchain hasnt changed since the begining, nowadays the bitcoin community might be milions and there are milions transactions made daily, soo the only thing that changed was that, this year the split of two bitcoins should happen, the delay over it just make fees getting more and bigger.

If it hasn't been improved yet then it is sort of okay. The question is whether it is possible to improve it at all. Segwit can delay the risk of the chain splitting. However, as I heard, the transaction may proceed even longer, since at first it will be hard to confirm this new kind of code.
Some say that the time of pending can be reduced by bigger payment and that is okay. I think that it is good there is an ability to reduce it but it is not okay to pay more than a dollar just for a transfer of money.
I think these ideas about bitcoin implemented in everyday life where you can buy goods in supermarket via btc are now a total fantasy.

Just pay the fee needed to send a tx. It's bad but it's the way everything its working right now.
Just hope for SegWit to be activated.

because of the rate of bitcoin is really high at the moment, it mean your usual fee dont work at this time
cause the different time and price will be affecting fees to send your bitcoin. so you need to adapt real quick after 2 years

Not having to wait for so so number of working days before a transaction pulls through is one of the ills in the financial sector that Bitcoin came to solve and interesting its first foot forward left no one in doubt. However, these days, a lot of grumbling is in the air, because people know it could be better than what we are getting.

From what i know, the speed is roughly the same, the difference is the price or fee you have to pay. Now it's more expensive to send bitcoin because the demand and number of transactions is increasing compared to 2 years ago.

I'm going to repeat what I said earlier (or maybe on a different thread), if you are using blockchain.info as one of your hot wallets, DO NOT send your transaction with the default fee settings (especially if it is time sensitive). I have a transaction for about $400 that was sent 5/17, and still has 0 confirmations

You’re right, the amount of time required for the transaction to get confirmed is pretty much the same as a couple of years ago. People were complaining about the transaction fees then too and a little bit of progress was made from the complaints (Viabtc was built so the transactions could get accelerated causing a bunch transactions getting confirmed much faster than normal).

We are seeing a little bit of progress of the years, if only more miners applied a free transaction accelerator for the people.

There was absolute mayhem today on the exchanges and I was still able to get first confirmation in under 8 minutes. Fee was 370 satoshis FYI.

Refresh my memory, what was the original framework laid out by Satoshi for when this confirmation times slowed due to network transactions quantities picking up.

Are we facing this because the creator anticipated that we would have faster networks by now than we actually do in current day?

The part that I'm not grasping is why would anyone not want bitcoin to scale?  I mean correct me if I'm wrong, but 99.9 percent of the people here want bitcoin to go "mainstream"  and there is no chance in hell that happens if you have to wait days or even hours for a transaction to confirm...

Well, I have no problems with my BTC transaction so far...

210 dollar send with 3 dollar fee from EU to US, I don't mind. Just don't see the problem??
If had had done this with my bank, would have cost me around 12 dollar....

Herp derp.

Tons of people can't afford this.

No one would abandon bitcoin for this reason and bitcoin is still attracting world wide investors.It depends on the transaction amount to pay fee.Higher the amount,higher the fee.But transaction fee is still low in case of remittances from abroad.

Welcome back! That's how we have all seen it. I don't really see that as a problem anyway, if you are transacting huge amount in dollars of bitcoin except for micro transaction like how it used to be. No one has because of that abandoned BTC and I don't see that coming in years to come and since you have been away, there has been a lot of progress as you can see. Once again, you are welcome back.

Welcome back to bitcoinland. Surprised with the very slow transaction and higher fees? You'd be also shocked to bitcoin's price despite these problems surrounding it. We hope segwit and lightning stike be done successfully. If not good luck and thumbs up to the coming altcoin party.

I paid $3 fee for $150 bitcoin transfer and it completed in 2-3 hours. Do you see the fee like %2 ??

You would say bitcoin had the advantage. Where is it?

I have a similar issue.

Been holding a bitcoin in MultibitHD.

Have tried to send a week ago using the default transaction fee that worked in the past. (0.00001) - I don't think it support dynamic fees.
It didn't work - and has been stuck as unconfirmed.

The address I was sending to was another from the same wallet (I was doing this for the Byteball sync a few days ago)

I have since tried to send again to another separate wallet - and upped the transaction fee to the default setting in Multibit (0.00005)

This still hasn't gone through.


I'm concerned my BTC will just be stuck in some weird perpetual limbo - I don't really understand what to do in this situation, if the transactions will time out, or what to expect.

If anyone here has any advice I'd really appreciate it.

I also would not mind if you can buy Bitcoin with a low percentage. Today this is a very rare rarity, since Bitcoin has a stable demand. Everyone hopes for a huge price in the future and therefore reluctantly implements the crypto currency.

Is SegWit the only solution which is available right now? I am asking this because I don't think that it will be possible to attain a 95% consensus, which is needed to implement the SegWit proposal. Are there any other solutions available currently?

You probably used the old fees of 0.0001 btc which is not sufficient at all right now, the fees are more dynamic nowadays and the best methods is using a fees calculator to guarantee getting included in the next few blocks, developers are considering possible options to solve this problem now, but for now at least 200s/b for a quick confirmation.

Well yes the old fees is now actually takes forever and new fees is way beyond the normal. It becoming more expensive to transfer from one address to another with the new fees. And if you want to send with lesser fees the transaction does not get confirmed for days only.

If I am hearing/reading correctly, it looks like there has been some small progress made on the scaling debate right?  Aren't a lot of the miners signaling towards a version of segwit to help with the scaling?

As stands to make a transaction go fast enough, the fees are like equivalent to credit card or PayPal fees which partially defeats one of the original major use cases for bitcoin :(

Don't get me wrong, I'm still a firm believer that it is going to be a major long term storage of value, but micro transactions will probably be taken over by Ethereum or maybe even Litecoin.

Don't expect that to happen in the future, Viabtc was created in purpose of supporting bitcoin unlimited if I'm not mistaken, the miners will not going to make a free BTC accelerator because it'll reduce their profit.
If you want to see the reality, just look at Bitcoin accelerator other than Viabtc, they'll require you to pay a high amount of money, that's what miners actually want from you.