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Bitcoin => Bitcoin Discussion => Topic started by: Yoandy10 on August 26, 2017, 04:05:00 AM



Title: Slow BTC Network
Post by: Yoandy10 on August 26, 2017, 04:05:00 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?


Title: Re: Slow BTC Network
Post by: GreenBits on August 26, 2017, 04:30:24 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?


Well, this depends. I havent really tested out the network since all the shit (the fork, segwit, bitcoincash sweet jesus its been crazy). but, what were your fees looking like when you sent the transaction, and what time of day did you originate the transaction? latent network congestion is always a factor, and despite the changes, a low ball fee will make you wait. with that being said, once you get confirmed, the subsequent confirmations should roll along at a steady clip, if all is well. 20 minute confirmations are kinda the norm for me at the moment (i usually transact in DOGE/ETH for the very reason, the speed is vastly superior, let alone the fees).


Title: Re: Slow BTC Network
Post by: Yakamoto on August 26, 2017, 04:38:32 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
I need to see the transaction to make a fair judgement to be completely honest.

Based on a very, very general and abstract guess, I would assume that the only issues with the network that you could be experiencing right now are either having a really low (or potentially non-existent) fee, or the confirmations were just having really wild timing. A lot of my transactions don't even start to get confirmations for about 30 minutes, and then it takes at least an hour to get 3-4. This has been the same since I started using Bitcoin to be entirely fair.


Title: Re: Slow BTC Network
Post by: pawanjain on August 26, 2017, 05:03:13 AM
there may be multiple reasons for slow confirmations of transactions
1) paying low transaction fee
2) slow connectivity on the network
3) issues due to segwit and other stuff
4) maintenance issues etc..
we dont really know why it would take a particular time for a transaction.


Title: Re: Slow BTC Network
Post by: mobnepal on August 26, 2017, 05:17:34 AM
Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
No fork doesn't have any direct impact on bitcoin transactions but after split on august many miners have shifted towards bitcoin cash mining from bitcoin. Mining difficulty is adjusted at certain time and it happened few days ago when there was lots of miner for bitcoin so difficulty was quite high but after adjustment many miners have left mining bitcoin and start mining bitcoincash because it is profitable, thats why right now because of less miners and high difficulty blocks are being mined in more than 10 minutes that is causing congestion on bitcoin network.

This will be solved on next difficulty adjustment...

This chart shows changes in mining difficulty for bitcoin over time https://bitcoinwisdom.com/bitcoin/difficulty


Title: Re: Slow BTC Network
Post by: revswim93 on August 26, 2017, 05:31:11 AM
I always use the ViaBTC transaction accelerator. I dont agree with ViaBTCs politics 100% but the transaction accelerator works great.

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


Title: Re: Slow BTC Network
Post by: Similificator on August 26, 2017, 05:32:26 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?


I actually have been having the same problems as you man, and it really is irritating and testing my patience. Specially now that i need it as soon as possible. I really don't know the reason why this is happening. But a friend of mine told me that the reasons maybe the slow internet connection(which is pretty common here in my olace), spams in the network that people who are trying to take advantage of the current split are doing or choosing low fee transactions. So maby one of those is really the reason for this problem. I just hope this gets fixed soon.


Title: Re: Slow BTC Network
Post by: pikebu on August 26, 2017, 05:37:59 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
Why are blocks so slow? Because a lot of miners (most associated with Bitmain) are mining BCash since it's slightly more profitable atm.
 there are ~79k transactions stuck in the mempool. 104 blocks have been found in last 24 hours instead of the normal 144 blocks.
That's 40 blocks less (in 24 hours) than during normal 10 min blocks. With ~2000 txs per block that's roughly ~80k txs, so no more backlog. And Segwit might be active, many exchanges and wallets haven't switched yet to segwit compatible addresses, I expect that to start next week.


Title: Re: Slow BTC Network
Post by: Janation on August 26, 2017, 05:53:18 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?

I think the first question here is how much are you willing to pay for your transactions to the miners. You know the game of transactions, the bigger the fee, the faster the confirmation. Maybe just follow the suggested fee of your wallet to not experience any problems . And  I think it has nothing to do with the fork but the fee because this is a problem even before the fork happened.


Title: Re: Slow BTC Network
Post by: 25hashcoin on August 26, 2017, 05:55:31 AM
We're supposed to start using Bitcoin Cash. It's soon to be the real Bitcoin.


Title: Re: Slow BTC Network
Post by: mk4 on August 26, 2017, 06:00:37 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
I actually have been having the same problems as you man, and it really is irritating and testing my patience. Specially now that i need it as soon as possible. I really don't know the reason why this is happening. But a friend of mine told me that the reasons maybe the slow internet connection(which is pretty common here in my olace), spams in the network that people who are trying to take advantage of the current split are doing or choosing low fee transactions. So maby one of those is really the reason for this problem. I just hope this gets fixed soon.

It's definitely not because of you having slow connection. One of the biggest reasons is because the network couldn't handle the influx of transactions that's coming through. Miners are currently in a sort of "see-saw" between BTC and BCC/BCH since mining profitability is shifting, hence the miners are going back and forth between BTC and BCC/BCH. Fewer miners = fewer blocks that's being mined.

Currently we have a total of 86868 unconfirmed transactions, yep. (https://blockchain.info/unconfirmed-transactions)  :(


Title: Re: Slow BTC Network
Post by: SONG GEET on August 26, 2017, 06:03:25 AM
I always use the ViaBTC transaction accelerator. I dont agree with ViaBTCs politics 100% but the transaction accelerator works great.

https://pool.viabtc.com/tools/txaccelerator/
Yes its great and I have used them before and got confirmation on my transactions within few hours during huge congestion on bitcoin network.

But you have to be first 100 users to successfully include your transaction in their queue, this resets every hours (GMT time/Forum Time)


Title: Re: Slow BTC Network
Post by: Herbert2020 on August 26, 2017, 06:05:30 AM
what is your problem exactly?
is it the fact that your transaction was confirmed after a long time?
or is it the fact that it had 3 confirmation after a long time?

the first one can be because of low fee, high number of unconfirmed transactions, full blocks, miners finding blocks with a delay (maybe a lower hashrate issue), and also some miners finding empty blocks.

but the first one has only 1 reason, and that is miners aren't finding blocks. and that is a difficulty thing, and it is common from time to time when there is a bigger gap between the blocks that are being found so your see 3 confirmation after an hour for example instead of half an hour!


Title: Re: Slow BTC Network
Post by: ReindeerOnMe on August 26, 2017, 06:09:40 AM
We're supposed to start using Bitcoin Cash. It's soon to be the real Bitcoin.

LOL, It may be the ideas of the creator of bitcoin, Satoshi Nakamoto, but I think it will not be the bitcoin that we will be using everyday but the altcoin forked out of real bitcoin's block chain. Bitcoin Segwit will still be the original bitcoin in the eyes of the users.


Title: Re: Slow BTC Network
Post by: Baofeng on August 26, 2017, 06:12:17 AM
I always use the ViaBTC transaction accelerator. I dont agree with ViaBTCs politics 100% but the transaction accelerator works great.

https://pool.viabtc.com/tools/txaccelerator/
Yes its great and I have used them before and got confirmation on my transactions within few hours during huge congestion on bitcoin network.

But you have to be first 100 users to successfully include your transaction in their queue, this resets every hours (GMT time/Forum Time)

No doubt, I have used their service before and was able to get confirmations and good thing it is for free. But as you have mentioned, they only accepts first 100 users so you have to wait before getting your transaction to be confirmation. But it really works.

Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
Why are blocks so slow? Because a lot of miners (most associated with Bitmain) are mining BCash since it's slightly more profitable atm.
 there are ~79k transactions stuck in the mempool. 104 blocks have been found in last 24 hours instead of the normal 144 blocks.
That's 40 blocks less (in 24 hours) than during normal 10 min blocks. With ~2000 txs per block that's roughly ~80k txs, so no more backlog. And Segwit might be active, many exchanges and wallets haven't switched yet to segwit compatible addresses, I expect that to start next week.

I think Antpool is mining empty blocks that's why the network is congested. I don't know what they don't mine using Segwit software as it was agreed up and it seems that they are doing is on purpose. On the other hand they are losing $100K for not mining Segwit transaction. We may never know the real reason behind why they are acting like this.


Title: Re: Slow BTC Network
Post by: leonair on August 26, 2017, 06:21:51 AM
Actually Not only you is experiencing this kind of slow sending of payment for Bitcoin, even me I experience it too but I think the main reason behind it is just simply supply and demand. We all know that in able to mine a good hashes for bitcoin you need the latest technology of Bitmain and that is the antminers and many of this miners switch to mine Bitcoin Cash instead of mining Bitcoin continuously so with this the supply of the transaction that is being made with Bitcoin is not met up that is result to congestion and high fees that is resulted to this kind of slow network that you are telling.


Title: Re: Slow BTC Network
Post by: Hagmonar on August 26, 2017, 06:29:28 AM
Sometimes even me also like that and when i check the blockchain record there so many adresses fall in line waiting for a confirmation somatimes fast and sometimes also too slow its because a lot of people withdrawing there bitcoins and transfer to there own wallet


Title: Re: Slow BTC Network
Post by: Inkdatar on August 26, 2017, 07:00:33 AM
Sometimes even me also like that and when i check the blockchain record there so many adresses fall in line waiting for a confirmation somatimes fast and sometimes also too slow its because a lot of people withdrawing there bitcoins and transfer to there own wallet
Most users experiencing this slow btc network because I think the higher the demand the slower transaction. Yes when you check the blockchain record it has so many awaiting to be on process the confirmation. So it become slower btc transactions the demand is increasing. But hope there will be a correction.


Title: Re: Slow BTC Network
Post by: FlightyPouch on August 26, 2017, 07:15:59 AM
Sometimes even me also like that and when i check the blockchain record there so many adresses fall in line waiting for a confirmation somatimes fast and sometimes also too slow its because a lot of people withdrawing there bitcoins and transfer to there own wallet

Because there are a lot more of users that can pay more for their bitcoin to be transacted. There are some individuals that are always pissed with how the confirmations go but I think it is just how they handle the transaction. If they will be just paying a good fee for their transaction, there will be no problem.


Title: Re: Slow BTC Network
Post by: crazyivan on August 26, 2017, 07:22:47 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?

I guess hash power s been switching betweer BTC and BCC, this is just a temporary phenomenon since large mines re going to increase their hash on both networks due to increased profitability. Not to mention BTC lighting network will be here soon.


Title: Re: Slow BTC Network
Post by: wantjokull on August 26, 2017, 07:30:39 AM

Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?



How much fees have you paid for each transaction and also are they same volume or different volume that you transacted. It would be obvious if they were of different volumes, because more the volume more time it will take to do the network confirmation. As simple as that. Fork has got nothing to do with it.


Title: Re: Slow BTC Network
Post by: wantjokull on August 26, 2017, 07:51:21 AM

Bitcoin has got all the reasons to go up and hit the price of 10K or more. Bitcoin is very volatile and due to hard fork it has lifted up more than we thought previously. There will be more upgradation in the block chain which will surely gain our bitcoin more value. Also day by day more investors are coming into the picture. Not to forget big merchants are on the way too so that the bitcoin will get double the popularity as it has right now. So I'm sure it will rise now.


Title: Re: Slow BTC Network
Post by: Rj Manik on August 26, 2017, 08:10:55 AM
If mail-to-mail transactions like wallet-to-wallet transactions would have been quick,it would have been better.


Title: Re: Slow BTC Network
Post by: Granxis on August 26, 2017, 12:25:51 PM
Everyone started to complain about this, In the old times the transactions were very fast now very slow, I do not use Bitcoin when shopping anymore, Bitcoin is a good investment currency but certainly not suitable for everyday life.


Title: Re: Slow BTC Network
Post by: Yutikas_11920 on August 26, 2017, 12:31:11 PM
One of the things that becomes an issue at this time right now is to confirm the time of your transaction using bitcoin long enough and it gives some speculations that are less pleasant for its growth. But they also have a favorable thing, it is better that we keep working and not too take much thought about the resolution of this issue. Because it is out there, it's been a lot of someone who is so much more to understand and comprehend the bitcoin and will surely soon may make a settlement of the problem the best.


Title: Re: Slow BTC Network
Post by: mackenzied on August 26, 2017, 12:52:59 PM
If mail-to-mail transactions like wallet-to-wallet transactions would have been quick,it would have been better.

You just say the right part, transaction fee only shows the priority of each transaction when queued, so you need to pay a reasonable fee. If you pay a low fee, your transaction will be pushed deeper. It will take a lot of time.


Title: Re: Slow BTC Network
Post by: n4poleon on August 26, 2017, 01:05:42 PM
Maybe it's a combination of the service that you're using and the miners doing on/off to BTC and BCC. You may want to post a link of your BTC transaction so people are able to take a look.


Title: Re: Slow BTC Network
Post by: Yoandy10 on August 26, 2017, 02:26:44 PM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?


I actually have been having the same problems as you man, and it really is irritating and testing my patience. Specially now that i need it as soon as possible. I really don't know the reason why this is happening. But a friend of mine told me that the reasons maybe the slow internet connection(which is pretty common here in my olace), spams in the network that people who are trying to take advantage of the current split are doing or choosing low fee transactions. So maby one of those is really the reason for this problem. I just hope this gets fixed soon.

Well, my connection is pretty fast. I just hope the Lightning Network gets up soon. This slow transactions are a pain.


Title: Re: Slow BTC Network
Post by: orarider on August 26, 2017, 02:28:17 PM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?

I think the confirmation time of each delayed transaction is normal, which is what we will all meet at least once when using bitcoin. It's just a coincidence, so do not worry too much about it.


Title: Re: Slow BTC Network
Post by: Welds1977 on August 26, 2017, 02:30:00 PM
gone those days , when you could send micro transaction. 115,260 satoshis  on bitcoinfees21. 5 dollars for a standard transaction is too much.


Title: Re: Slow BTC Network
Post by: Yoandy10 on August 26, 2017, 02:31:42 PM
gone those days , when you could send micro transaction. 115,260 satoshis  on bitcoinfees21. 5 dollars for a standard transaction is too much.
That is absolutely ridiculous. However, considering that it only takes about an hour, vs a wire transfer's fee and delivery time, I guess it's not bad at all.


Title: Re: Slow BTC Network
Post by: drwhobox on August 26, 2017, 02:37:26 PM
I think maybe it's because of your transaction fees. Or there maybe alot of transactions happening on the blockchain. But, on my opinion I think it's because of your transaction fees. (Yea transaction fee does suck nowadays conpared to 2014-2016). More demand for bitcoin = More transactions.


Title: Re: Slow BTC Network
Post by: nydiacaskey01 on August 26, 2017, 02:39:28 PM
I have a transaction that was sent yesterday and till now its still shows unconfirmed. I tried using vicbtc transaction accelerator but it always say "submissions are beyond limit". Transaction is more than 24 hours now. Any suggestion you guys can give?


Title: Re: Slow BTC Network
Post by: BenOnceAgain on August 26, 2017, 02:42:44 PM
I always use the ViaBTC transaction accelerator. I dont agree with ViaBTCs politics 100% but the transaction accelerator works great.

https://pool.viabtc.com/tools/txaccelerator/
Thanks!  I wasn't aware of this service, I'm going to give it a try with my next transaction.


Title: Re: Slow BTC Network
Post by: sana54210 on August 26, 2017, 06:17:46 PM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
That depends on the payment option you used. Low priority options will likely take hours before getting confirmed, but high priority is always in minutes, based on my own experience. I made a transaction early this month, and it was successful within few minutes, same as other transactions I made. But if this started early, then it’s likely that miners are dropping or something like that. Well, no need to say cause I’m not much experienced in it.


Title: Re: Slow BTC Network
Post by: 25hashcoin on August 26, 2017, 07:08:09 PM
We're supposed to start using Bitcoin Cash. It's soon to be the real Bitcoin.

LOL, It may be the ideas of the creator of bitcoin, Satoshi Nakamoto, but I think it will not be the bitcoin that we will be using everyday but the altcoin forked out of real bitcoin's block chain. Bitcoin Segwit will still be the original bitcoin in the eyes of the users.


Get a life shill.


Title: Re: Slow BTC Network
Post by: Sengoko on September 14, 2017, 11:56:00 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
There are lots of transactions on the network that are not being confirmed and I think it is due to the fact there is now bitcoin cash in which miners prefer to mine these days since it seems profitable and so bitcoin core is now slow.


Title: Re: Slow BTC Network
Post by: LuffyD.Monkey on September 15, 2017, 05:33:46 AM
Well fellas, it took two different transaction about an hour each to get just three confirmations. Does this have to do with the fork? Or is it because a lot more people are using bitcoin?
I think it is because many miners now prefer to mine bitcoin cash than to mine bitcoin core because there seems to be more money in there, but they are forgetting that the little money they take to be nothing would add up to something big.