Bitcoin Forum

I Cannot send this transaction https://blockchain.info/tx/70aabb0c39308fc74752fecf22b418211ac99239df2c4b8cc9d1a175cbdfdc84

I don't know why but it NEVER confirms

At first it was 40/sats, I waited 7 days, THEN I did a RBF and made it 180/sats and waited 3 days. STILL NOTHING

Last night I made it 230/sats fee. ALMOST $60 !!!!! AND STILL NOTHING

I only want to move it from one wallet to another, this is ridiculous.

It is not only you who have a problem with long confirmation. The mempool is again full due to bombardment of a huge volume of transactions in the blockchain. As long as this heavy traffic continues in the blockchain the long confirmation will occur. And so the best way to get out of it is to pay a huge miner fee so your transaction can be prioritized and be processed fast.

And here is yet another example as to why the whole system is about to collapse. Bitcoin will go to near zero.

$60 is a HUGE transaction fee, its almost 10% !!!

Unfortunately, I think your correct. Paying $60 - 100$ for a small transaction is stupid, bitcoin is now being run off greed. The problem is, no one wants to sell out as they may miss out.

Until now when i write this post,there is 252877 Transaction that unconfirmed yet.
the traffic now was very2 overload.
usually i send with 0.0006 TX Fee its appear in 6 - 19 Hours.
maybe u should wait till it appear or rejected by system.
no need increase fee anymore

I payed a 0.0033 BTC, 6X More than what you recommend !!

Was that balance composed of many small transactions? This will have increased it's size by a lot for a "small value" transaction.

My advise would be to just use the recommended fee and wait it out. As soon as the network cools off a bit it will likely go through.

I waited 4 days for a transaction to go through. It was painful but in the end it didn't really matter.

Mate, it is not only Bitcoin that is having such problem. Ethereum is also undergoing such heavy traffic during times when a good number of transactions are in line. And do you think those other blockchains will go as smoothly as Bitcoin's and Ethereum's if they have the same very busy traffic? I bet they would even crash. That is the reality in terms of crypto and blockchain. Can we imagine if Bitcoin users in the whole world would reach as high as 5%? Everything would become full of complaints like this.

Thanks but I have waited 12 days total, I did get a recommended fee from EXODUS and it was $200, there is no way I can pay that

what? a big fee cant even confirm a transaction, whats more with other with only small fee. This will be a big trouble for bitcoin. If we will be using the recommended fee by wallet, its almost 10 to 20% of a sent bitcoin for paying the fee. Hopefully this will be resolve soon and fix those things in blockchain

No - I think they will collapse as well.

GTHO

The users of the bitcoin network must come to a consensus on the issue of payments, and stop the transfer of small amounts. We must seek a solution to this problem.

Are the developers working on doing anything to fix this ? I keep hearing about the lightning network, LITECOIN has had this for ages, why are the bitcoin devs so incredibly slow and not doing anything ??

another clown from Ver`s team...  :)

Another example of an unintelligent BTC user - clearly incapable of a rational thought and thinking all criticism is because something else is being sold. All crypto currencies are about to go down.

GTHO

Your referring to Roger ? Im not in support of bitcoin cash, but are you saying you saying your fine paying over 10% for a transaction.

first of all please stop reporting your fees in terms of USD (fiat in general) or even in bitcoin. the correct unit to report fees is amount per size. you can choose any number of them like satoshi/byte or satoshi/kilobyte or....
since you shared you transaction ID we can see it is 223 sat/B.

now to answer your question, sadly because the scaling solution that we adopted for bitcoin is not being used  (practically no one is using SegWit) the capacity didn't increase. additionally we don't yet have any second layer solutions such as Lightning Network since it is not ready.
and finally the block size increase was also rejected (the SegWit2x solution) which is why we are in this mess right now.

unfortunately there is nothing you can do except either paying higher and higher fees or not making any transactions for a while.

ps. don't fall for the bitcoin cash bullshit. it has the same exact problem. but it is dormant because nobody uses it yet.

Thank you, Is SegWit2x coming on the 28th December http://www.newsbtc.com/2017/12/19/segwit2x-old-new-bitcoin-hard-fork/

For now do you reckon the fee of 223 sats will confirm ? Should I increase this even more

no that is not SegWit2x, that is an imposter project using the same name. if you check the specification of it, they are creating something very different!
- changed the algorithm to X11
- changed block times to 2.5 minute
- changed address format.
and worst thing is that their launch is in 7 days from now and there still is no source code available for the project to be reviewed and tested.
if you look at the links at the bottom of their website, they are all "social media" links such as forums, instagram, twitter, facebook,... all used for advertising it. and no source code!!!

as for your fee, based on this site: https://bitcoinfees.earn.com/ you should increase it to 900 satoshi/byte if you want a fast confirmation. obviously that is ridiculously high! you can use one of the transaction accelerators like https://pool.viabtc.com/tools/txaccelerator/ instead but they are also overcrowded.

That also happens to me. Yesterday, there is a person who sends me in btc wallet (the one who guided me in this forum). It was so long before I've received his transaction. Almost a day, there is no money in my wallet. Fortunately, he used a link to confirm our transaction. I remember it is viabtc. Finally, I received the money and now I gave it to my mother.
I think the number of transactions result to a slower process. The transaction fee also becomes high because the btc price goes up.

Yes, scalability is currently an issue, which hits everyone and the fees are indeed too high for espeically low BTC transfers. I wonder, why the BTC core team does not plan anything against that. Or is there any new development regarding this issue?


Thank you for the information, I didn't know about this reload. As we get this coin due to the fork anyways, this is really interesting from an altcoin point of view. Even Satoshi's coins seem to get "airdropped" among the addresses.

well, maybe that's one of the causes of the decline in bitcoin prices for now. well, sometimes, the fee given bitcoin so big, but the transaction is also not so fast. there may be some things to upgrade again.

Though am still a firm believer in Bitcoin as it is where most of my investment or cryptocurrency is, there is no question that this whole problematic thing is now very ridiculous. This has to stop and the problem has to be given adequate attention and solution otherwise this is already tantamount to killing Bitcoin which we in the whole Bitcoin community don't want to happen. This is very ridiculous. 

There was a lot of transactions that were not confirmed during that period. About 200,000 transactions were stuck.