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Title: Average Transaction Time Post by: spndr7 on January 15, 2014, 05:21:41 PM Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ? Please share any recent experiences,if some one tried it ? Title: Re: Average Transaction Time Post by: AmericanBit on January 15, 2014, 05:33:27 PM Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ? Well how quickly do you get to work, when youre not getting paid for it? Youd probably take your time...maybe stop for some starbucks on the way? ::) Title: Re: Average Transaction Time Post by: spndr7 on January 15, 2014, 05:56:19 PM Please share any recent experiences,if some one tried it ? Title: Re: Average Transaction Time Post by: xb0x on January 15, 2014, 06:00:35 PM almost 24 hr to get a single confirmatiom or even more than that in some case
Title: Re: Average Transaction Time Post by: AmericanBit on January 15, 2014, 06:01:59 PM Please share any recent experiences,if some one tried it ? I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee... Title: Re: Average Transaction Time Post by: spndr7 on January 15, 2014, 06:11:19 PM Please share any recent experiences,if some one tried it ? I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee... Thanks Title: Re: Average Transaction Time Post by: spndr7 on January 16, 2014, 11:58:49 AM almost 24 hr to get a single confirmatiom or even more than that in some case How much did you paid in fees ? What is the minimum fees required to process transaction in 24 hrs ? I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value of bitcoin increases. Title: Re: Average Transaction Time Post by: e4xit on January 16, 2014, 02:20:19 PM almost 24 hr to get a single confirmatiom or even more than that in some case How much did you paid in fees ? What is the minimum fees required to process transaction in 24 hrs ? I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value of bitcoin increases. Where did you get this original idea from? I want one! You could always try the search bar for things that have been raised 100 times already (or better still a google custom search). |