Bitcoin Forum

Hello,

I was under the impression that this new currency was fast, my first payment took 3 days to confirm, was told it was something about the fees, i now have increased my fees and i've waited 2 hours, nothing..
can someone tell me why this payment wont just confirm already?
https://blockchain.info/tx-index/93d43009a1efd4a9fdc4b63e8126599234ac2fb433097095c496445040e6240e

this bitcoin thing is absolutely horrible, the fee is constantly increasing and the delay seems insane, can't be used with trust when payments are days delayed everytime you don't want to spend 10% of the amount you send in fees.

You don't know how to use Bitcoin obviously. All my transactions confirm in the next block.

Bitcoin isn't suited for micro-transactions. If you are using Bitcoin to send a dollar, you are going to have a bad time.

I agree, and you just nailed it.  If a person knows how to send transaction properly, he does not need to post this kind of stuff (OP's whining)  Bitcoin confirmation does not change, it is the transaction fee and rate that does change.  So in order to have a fast transaction we need to follow the transaction fee rule.

So a person wanting to use the currency must more or less be some kind of wallsreet trading expert and follow the market fees daily to use this to pay every now and again, gotcha.

paid 1$ for a 130$ transaction, seems fair enough, banks take less and its instant

absolute horrorshow.

Bitcoin should be fast, but it is not designed to keep up with this huge amount of user activity. As it is a decentralized currency it is not that easy to change the code and let everyone agree on it. There are 2 ways that have the most supporters atm, that want to make bitcoin to work faster - SegWIt and Bitcoin Unlimited. I won't go into details of these... But they can't agree for months which to active...

If you are looking for more instant transactions I'd suggest you to look at some altcoins such as litecoin and dash for example. Their networks dont have many transactions. Litecoin even has SegWit.

What could you do to try to push your transaction is to enter your transaction ID here : https://www.viabtc.com/tools/txaccelerator/ , viabtc is a bitcoin mining pool that want to help btc users to get our transactions to confirm faster and its with no charge. Though you will still need to wait for them to mine a block but your transaction will end up confirming faster.


Here you can see fees that you need to put in order for your transaction to be confirmed within 1hour or less : https://bitcoinfees.21.co/

God forbid you should bother simply checking a website before making a transaction.

https://bitcoinfees.21.co/

Bitcoin is censorship-proof. Banks require permission. A centralized solution should always be more efficient than a decentralized one.

Clearly you, along with many others, have been spoiled by the early days of Bitcoin when there was far less competition to append the block chain.

- No you don't have to follow market fee each day, just use wallets like electrum that will just put enough fee on your transaction to get confirmation within next block.

- This fee used to be enough in past but due to lots of spam transactions filling mempool for last few days, you have to increase fee to get faster confirmation.

- Yes its horror show right now due to spam attacks, when LN and segwit will be activated in bitcoin it will again be suitable for micro transaction with cheaper fee and faster confirmation.

I wanted to transfer BTC between two exchanges. Bought STR cheap and transferred it to another exchange and sold it, using Steller network which took less than a minute.
Waited for the one exchange "fiasco" to finish and bought cheap STR back again and transferred it to the "fiasco" exchange and converted back to BTC which was cheaper than when i started. Very profitable.

There are altcoins which can do it better than litecoin, etc. Due to Bitcoin's "civil war", one has to look at other ways to get around the long confirmation time.

OP, your transaction landed in a pool of 63588 unconfirmed transactions in the last 24 hours and you sent it only 6 hours ago. Looking at these numbers you can expect it to confirm within the next 8 hours, so go to bed and when you wake up it should be there all fine and green. 8)
Next time set a bigger fee. Only 4 satoshis more would have bought you a 3h confirmation! Now ask yourself if those 10 hours more that you will have to wait were worth 4 sat.

Try using other coins for smaller transactions. If you are buying 5 dollars of coffee bitcoin is not what you want. In that case it would be better to use a prepaid bitcoin debit card that converts to usd.

Litecoin for small stuff until segwit happens for btc.

Not everyone is an expert so how about people stop blaming him. If we want bitcoin to be widely adopted it should be simple enough that anyone can use it efficiently.

OP, as lizardbtc already pointed out your best chance now is to use viabtcs accelerator.

Great, this is what the scaling stalemate has created... ::) Frustrated newbie users and tired experts/regular users. Good to see a post like this around here, maybe it will make some think differently.

Nobody is educating newbys. That is is a huge part of the problem. There needs to be webinars and seminars to help people along.

i think new people that start to join into bitcoin world needs to learn by own self and not depend and waiting from the other member answer so the knowledge of that new people will be increased with learning from other source. i think OP needs to wait more long to see the transaction to gets confirmed because until now, i see the transaction is still unconfirmed transactions. maybe the network is over load and it cause the transactions getting too slow to gets confirmed. so i suggested to the OP to be patience and i am sure in the end, the transactions will gets confirmed soon.

The viabtc accelerator is always full in recent weeks and when ever i try to push the transaction through them they just showed that it is full.I do accept the fact that for everyone to be adopted bitcoin should be simple enough and the first transaction is always the difficult one ,after that you will understand how things work and you will get to know about it.

Yup we need a fuckin solution implemented already. Look how SegWit boosted LTC. When will people fuckin learn? Your quarrels have stagnated BTC enough.

There is a paid accelerator from btc.com : https://pushtx.btc.com/#/ If you do not mind paying to get your transaction acclerated then this is an alternative to viabtc. @OP bitcoin wasn't as slow as what is happening these days, as bitcoin gains more usrs and the more transactions happening the network becomes busy and because of that a lot of transaction are being late to be confirmed. No need to panic or be frustrated, next time just use  higher fee if you don't want to wait.

Your transaction fees are still low (or moderate), the best, most reasonable fees for the transaction to be confirmed in 1-2 hours fall in the 220+ Satoshi/Byte section. This delay is due to the numerous transactions that the network isn't yet prepared to confirm. We have what we call 'Spam Transactions' which are meant to slow down the network for a specific reason. We also have the block limit (1MB), which can't confirm too many transaction (the size control the number of transactions being confirmed).

I really miss those old days when a confirmation took just 10 minutes and you didn't need to think about fees.

Now that bitcoin value is really high impressive the cons of this is the transaction delays and high fees that we need to face. Every transaction now must be really indeed important.

In the old days bitcoin was still very low in value and the mining difficulty was very low and thus a very fast transaction was the trend. But those fast transactions were full of double spend transactions and was very problematic. Thus confirmation were placed so that double spending will be resolved. But later on confirmation was very slow due to the huge traffic in the blockchain network as well as the increased difficulty in mining. Thus the initiative to place a higher fee was now the trend to get a high priority and fast confirmation.

It seems that you have send your payments in the wrong time were the bitcoin network is getting spammed by transactions especially mempool the blocks even reach 0.98 mb nearing it's 1 mb cap.
If segwit gets activated you can send and receive faster without delay and there will be less fees.
Back in the days when bitcoin has no competition the transaction fees were still low and the difficulty in mining was not that hard to find blocks and the network was not getting spammed by traffic daily those were great days.

Hilarious and predictable. A new bitcoin user comes to the community and expresses dissatisfaction. Then the community calls him stupid.

You know, you guys wonder why Bitcoin is falling in dominance and this is it right here. You guys aren't ready for mainstream adoption. Now sit back and let better crypto currencies come to the front.

As the dominance level as well the price has started to decline we can't say that bitcoin is damn slow and some other digital currency will take the lead making path for mainstream adoption. Lot cryptocurrency were giving hard competence, but those coins gain attention from users for a short during the time of price pumping.

The bitcoin blockchain has become really slow as the usage of bitcoins has increased. Even when you send a big transaction fee , the tx takes hours to confirm. I think increasing more and more transaction fee is not a real solution to this problem as if it goes on increasing like this we can have 5$ per tx fee or even more, very soon. :(

nobody is preventing your favorite altcoin to come to the front, by all means come on.
we all love cryptocurrency and it just happens that we all find bitcoin to be the best thing. but if there is an altcoin that is really better than bitcoin then surely that will be used and will become bigger than bitcoin.

but the problem is, all the altcoins that you think are "better" have a lot of problems that you either don't see yet or are closing your eyes on.

the problem is that bitcoin is under a heavy spam attack, then there is a lot of adoption and the price rise always increases the number of transactions. so the fees go up. newbies pay less and get their transactions stuck.
here is where altcoins come in. their network is empty since noone is using them to transfer money. many of them also have faster block generation. also to make newbies think they are better they have set the fees lower (also since they are mostly different).
now you look at this and think to yourself, altcoins are better.

but when you go in, see the centralization, see the pre-mines the ICO scams, all the bugs in the code, all the exploits that are right there, all the other problems that they have, so many of the big altcoins don't even have a proper wallet, all the security issues, and a lot more, and also when the manipulators dumped on you and price crashed you will crawl back to bitcoin just like each year. ;)

but by all means, introduce a better cryptocurrency than bitcoin and we will all switch and start using it.

Well you are a newbie and i guess that you have to regulate the transaction fees through which the transactions fees may  be faster ,well not be selfish and give a fair amount of transaction fees for the bitcoins and everything will be fine.

As you can see even you paid the highest fee recommended it will depends on the next block to confirmed it. Also the traffic of users who sending too much transaction in a day. Try to pay the highest fee mine it took 2 days before it confirmed and received it into my wallet.

I, the original poster, and many others are turned off from Bitcoin in favor of other currencies because of the shit show that it has become. It's not that we want Bitcoin to suck, it's just that Bitcoin objectively sucks. Don't take it personal.

You're just using it for the wrong purpose.  If you want to send $20,000 halfway around the world use bitcoin.  If you want to pay your buddy back the five dollars you borrowed last week use cash.

LOL.

Mainstream adoption of any cryptocurrency simply isn't going to happen any time soon.

Have you ever talked to a "regular" person about computers? They are fucking clueless. You expect them to be custodians of money that requires at least a general grasp of computer security? Pfft...

The only way the mainstream is going to use cryptocurrency any time soon is through a third party custodian, and just like that the entire purpose is lost.

Let's not even get into the fact that the average debt slave can't even write a $500 check in an emergency. You seriously think they have money to blow on disruptive technology?

Oh, they are also clueless about money, in general, as well. They don't have the slightest inkling about how the fiat garbage they use every day works. Gold bugs and silver stackers are probably the best targets for adoption and most of them are downright hostile to the idea of cryptocurrency.

Mainstream adoption... LMAO. Keep dreamin'!

If you want the freedom that Bitcoin provides, you need to take the responsibility to learn to use it properly. There are no shortcuts.

Then accept Bitcoin getting surpassed by better coins. Simple. Adapt or die.

Or use a better crypto coin for both.

My 3 BTC transfer took 2 days to confirm and was sent through a reputed wallet, which always deduct higher than the ongoing transaction fee, I don't think 3 BTC would qualify as a micro-transaction.

I firmly believe that there is some sort of mess going on with the block chain right now.

Don't know if it could be a side effect of WannaCry..... :(

No, it's a side effect of being a shit crypto coin.

Well, days are not so old as I remember the situation is like that only for the last month and half. People here are saying about the value of transactions, but in my case I had to wait the same long with transferring 1 BTC and 0,05 BTC. While I was waiting the price for bitcoin changed and I had some costs. This is just not fair.

what was the "reputed wallet" was it by any chance blockchain.info?! that wallet is a piece of shit when it comes to fee suggestion. and if your transaction took 2 days it either had a very low fee of <90 satoshi per byte or it was spending some unconfirmed output.

with that said I strongly disagree with what holiday and QuestionAuthority are trying to convince others about. bitcoin is not some millionaires' money to just move around their $20,000 around the world. it is supposed to function for all purposes. maybe not buying coffee day by day or paying your friend $5 but for small transactions too like buying a 5-10 dollar VPN .


words are empty. show some action, show us your "better coin"'s adoption. show us the merchants that are accepting your "better coin". show us the countries that are considering your "better coin" as a legal way of payment.
people like you repeating the same script about altcoins only proves your desperation about bags that you are holding and want more profit on them.

Bitcoin transaction is becoming so slow because there are many transaction. I think that's like a traffic in our highways if there are many bus, cars and other vehicles the traffic is so slow moving. But if you know another route your transaction become faster.

Agreed with OP. This is absolutely disgusting. The fees are higher than a bank transfer !!! And if you pay like $20 with a 0.20$ cent fee, like i did, good luck getting that confirmed in one day. Ridiculous. So if you want to pay for something or pay someone an something sub $100 you are basically having a MAD fee of at least 0.80$, which is like twice the fee of a wire transfer, or let's not forget credit card payment, on which you don't deal with any fee.

Before someone makes any conclusion on my post, let me tell you, that I love BitCoin and see it as a game changer as far as the world economy is concerned. I have nothing to oppose BTC.

Now coming back to the quote above, have you ever heard a bank delaying your transfer on account of having many transactions? People have invested fortune in mining hardware and are continuously doing so, they certainly want more transactions to process.

That being said, if higher transactions would have such a bad impact on confirmations, we really need to look ways to resolve it.

A normal user has nothing to do with technical aspects of confirmations, for him, it's just a simple case of funds transfer, the way he deals with fiat currencies.

I never suggested such a thing.

Bitcoin's use case is obvious. When other forms of value transfer or value storage are censored, Bitcoin is clearly the logical choice.

Governments around the world continue to implement increasingly onerous capital controls with no hint of stopping or even slowing down. Bitcoin is the answer.

It's ridiculous to think that a solution which requires storing every single transaction in it's history forever is going to be useful for daily, mundane purchases (at least as far as on-chain transactions are concerned).

What?! You mean you aren't buying their excuses that 'Bitcoin is for large transactions', 'fees are a good thing', or 'Bitcoin is under a spam attack'??

I guess that makes you another stupid person who doesn't know how wonderful Bitcoin is.

The only explanation from my end is just the pressure on the block chain network its not about the fee or the amount of amount to be sent, it's the pressure which some other people might say its a scam attack. We have been making micro payments and questions like this were not arising in the last one year but now its seems all those days where I can boast that 'don't worry you will get your funds now' are really over and they are equally not coming back anytime soon.

It may not be fair if you compare with the value of the transaction, but Bitcoin transaction fees are varied on the size of bytes you are transferring not the value. The population of Bitcoin and altcoin users has increased very much and because of that, the total number of transactions has increased. If you pay the proper fees then the transaction will be smooth.

the same bank that ask you to pay $25 or $50 in some case to send money to your friend abroad when he need only $25 or less? bank aren't better than bitcoin in terms of fee

also with bank you are trusting a third party, and there are many horror story about bankrupcy and people losing everything, i would never hold anythign in a bank nowadays

besides..bitcoin have its advantage, the only disadvantage is micro transaction for now and it's not the thing preventing bitcoin from getting bigger

If you are talking about the slow confirmation time of bitcoin then i think it is about the volume of transactions that made by users and there is a lot of new users and that is why they are causing some traffic for the network of bitcoin so if they want a faster confirmation time then they needed to put higher fees.

I think that is the reason, there are many users already and it takes time to confirm. Also there are solutions already I think but there are still a debate about it. For the mean time some are using transaction accelerator or viabtc.com. I am hoping  that this problem could be resolve soon, for the ease of transaction.

It's not made for that.
The transactions shouldn't be small ones for inside the country.
It's made for huge amounts and international ^^

Yes, bitcoin is not slow maybe you dont know how to use it properly. A while ago i sent and i recieve bitcoin so fast. in just a couple of minute the transaction is success. Just do it correctly and follow the instruction so that it will not be slow.

A lot of people suggest not using bitcoin for small transactions but that is counterproductive because there is no reason it shouldn't be able to handle a suitable transaction load, I mean otherwise where is the limit if the price goes up 10x are we expected to eventually pay 1000$ in fees per transaction? The short answer is no, bitcoin has been touted as a technology that will make transactions cheap and destroy the dominance of centralized financial institutions that currently do these for fees that are soon be smaller than it costs to use bitcoin.

As for the the ways to resolve it, both Bitcoin unlimited and segwit have proposed solutions to solve it, the problem is the bitcoin community is huge and there are financial incentives to certain parties to promote their own solution so the network is finding it near impossible to agree on which scaling solution to use.

This seems to be a very recent development? . Bitcoin has always been suitable for micro transactions until miners raised their fees. The charges charges for small transactions is totally not worth it. Even well regulated Payment firm like PayPal don't charge that much. There should be a way around this else Bitcoin may lose its dominance to other CryptoCurrency.

This kind of post will continue to pop up as long as scaling problems continues. Newbies who are not well versed in adopting fees for faster confirmation will get tired of using bitcoin. The same will happen to regular users who get tired of bloating fees every time spam attacks happen. The only ones enjoying this are the miners.

2????
And use LTC for what? For ....buying bitcoins?
Honestly I don't know any other use for litecoin.

And don't even think about saying transferring litecoin and then using an exchange and then cash cause in that case the fees will be afar greater than 1$.

bitcoin don't die ... we respawn  ;D

Indeed, essentially when a little weakened bitcoin will certainly be exploited by the other cryptocurrency to be able to get the attention and hearts of all users to be able to change using bitcoin cyrptocurrency them. This is an old trick used by the majority of marketing in all places. Indeed it is a good way, but I think the thing to bitcoin will not be useful. For now this is all people are already getting the benefits
 

Not a necessary answer. Bitcoin strong because it does not die :) so fun :) on this issue, we need to mention a lot of things, values, favors, abilities, .. all make the king of the coins Virtual, and I'm sure it is the only acceptable currency in the world.

Yes, maybe you didn't know how to use it well. Transaction right now is very fast. Also try to check your internet connection. Bitcoin is nothing getting slow you should need to find what is wrong why its slow in you.

it is very easy to answer. The more people use bitcoin, the slower the blockchain will be. It is certain that bitcoin is no longer suitable for the micro transaction. Bitcoin will rise and become digital gold. People will use it for much bigger transaction size

I don’t think that the process is slow now a day due to the confirmations and to stop double spending. I don’t think that it can be a valid reason for the transactions to be slow. Even after charging the higher fees is not the guarantee of the faster transactions. Many people have faced the same problem even after paying the extra charges.

There are attacks guys, so this is normal. The groups who doesn't want bitcoin are creating tons of fake or small transactions so that they make the network cannot work anymore. They're making blockchain busy for nothing.

in fact the price can take a little correction but i think still we cannot for the price to fell down so much i think the price of bitcoin s still expected to increase more and more and there are very little chances that the price of bitcoin will come down otherwise people are expecting that the price of bitcoin are going to cross 3000 USD level very soon. and that is the reason that i am thinking that we should not waste the time and invest in bitcoin right now.

Greedy Chinese miners

/thread

It's a trend unfortunately but newbies are frustrated at the time it takes for a transaction to process while experts enjoy the price appreciation and have the patience to wait for transactions or pay the increased txt fees. It doesn't help though with the new use cases if they can never get the bitcoin in a timely matter but it does cause some nice price appreciation.

See, if these were spam attacks the occurred as a means of just inconveniencing people then I would say that it makes a lot more sense, however it consistently seems like these spam attacks are being used as a means of driving up the fees required to transact and not just as a means of shoving transactions further down the queue.
I don't believe that it's making the blockchain busy for "nothing".

Why don't you try other coin for transaction,
Bitcoin is really becoming slow I just wish we could get it back like the old days like it is very fast to transfer bitcoin.

Bitcoin super slow past few days. I'm not a Bitcoin hater by any means, I love it, but come on, lets get this resolved.
Because really, if this keeps going on and there's faster coins, what advantage does Bitcoin have? Again, I'm not a hater
just a realist.

No matter how high is the fee, bitcoin is still the best option for the users and for the governments (if they think in a positive way) too. Now is the time to get rid of banking system and the paper money and move towards the digital era. Blockchain is a bit slow due to increased volume of bitcoin transactions which are taking place every second.

...aaaaand the unconfirmed transactions are currently more than 200,000  :o

https://blockchain.info/unconfirmed-transactions

I also love bitcoin, but the slow transaction process on bitcoin makes me very uncomfortable. Because it's very disturbing my transaction activity

I don’t think that the process is slow now a day due to the confirmations and to stop double spending. I don’t think that it can be a valid reason for the transactions to be slow. Even after charging the higher fees is not the guarantee of the faster transactions. Many people have faced the same problem even after paying the extra charges.

Well yeah the price declined but now is getting progress again and I consider it as a beauty of the Bitcoin. Being a user of the Bitcoin I don’t consider it a very serious issue because it is the nature of the BTC, the BTC composition is like such that it price will sometimes pump and jump and sometimes it drops down. These phases will come and we have to face it bravely.

As far as i understand, there is some kind of problem between old way of mining and new way of mining bitcoin. People who mine bitcoin old way do not want to chance to new way, because that would bring them less money. New way of mining is faster, because if i understood right, it use some kind of new way of mining, and that gives faster processing of data, and faster transfer of bitcoin. I hope they will fix that soon, because it can affect bitcoin in bad way.

Just seen a 95BTC transaction below zoom by :D

yeah, it's going to pile up if this situation continues on. They won't be changing anything until they bring bitcoin down and it isn't that profitable for them anymore and with that going on and maybe that dump everyone's talking about, we might be seeing some interesting things develop.

I've sent a 5$ transaction last night with a 1$ FEE , which is ridiculous btw , and up until today it still hasn't been confirmed + I haven't got what I paid for. Thanks bitcoin.

The fees we have to pay were too high since bitcoin price increases which seems unfair because we can't fully enjoy the bitcoin price. So every transaction is so important that we need to spend a lot and wait till its confirmed .

Obviously the bitcoin is becoming so slow in having a transaction that almost that a 3days just having a really small transaction in the blockchain it is really because of the rapidly increasing bitcoin users in the globe so i guess they really need more miners and some sort of upgrade in the blockchain and we need another currency to use.

You picked a bad time to get into BTC. It has been slow for a little while now. This last few weeks have ramped up how bad it is getting.

Here come the 2 and 3 dollar fees! BTC is becoming only useable for richer countries. Poor countries need not apply now as most people there make less than a few dollars a day.

BTC is going in the wrong direction. It needs to change. Stop transacting bitcoin and send miners a message.

Because the number of transactions are growing day after day. But on the other hand, BTC block size is still at 1mb and there is no technology like SegWit implemented. We need to do something about that to keep btc alive.

segwit is not the best thing we can do right now. With segwit the block size would be raised only by 1 more mb, while for example bitcoin unlimited could do it to 8 mb and all the transactions could be processed with having really low fees, in this way even more people would start using bitcoins and more people would be investing in it as right now it is pretty much not usable at all. Just look at it it's ridiculous how you have to pay like a dollar to transfer a dollar. I know a lot of people are against bu but to be honest there is nothing to be against about it, we could do bu and then after some time and adoption implement segwit as well. It looks like it's more about politics not about the users.

What I have seen is that BU has many bugs which can compromise Bitcoin reputation and it will give more power to miners (that are already ruling the Blockchain as they wish). Don't you think BU is dangerous for Bitcoin future?

And how they are trying to implement BU seems a bit forced, no? (HardFork).

It is the victim of its own success. That and the devs have their heads in their collective rectums.

Well there is no better cryptocurremcy to use than Bitcoin really. Let us just wait and see what improvements they will do but I hope that they would do it sooner so that Bitcoin would come back as what it is used to be. It is true now that major countries have acepted Bitcoin like now and then thus results to the increasing number of users and the transactions of course. Miners really do benefit a lot with the increasing transaction fees of many to make it faster to be recieved.

Certainly is an issue. It's because miners choose payments with high transaction fees over ones with low transaction fees... fair enough I guess, annoying none-the-less. For now,  i'd recommend only using BTC for payments that are at least 100 usd or over as micro-payments are a real pain in the ass.