Bitcoin Forum

Hi all,
Based on past experience, I can predict the first one or 2 people to try to complain about this type of post, so F offf...
My first confirmation is taking way to Effing long!!!

This time, I gave more then the min. required fee, and the transaction still was ignored in a block with over 3,000 transactions.
I Love Bitcoin, but it has serious issues which need to be solved soon.

I have a very limited amount of free time each day:
Socially acceptable words cannot begin to describe how much the Bitcoin network has failed to perform today.

And yet you make the post anyhow?  Why bother?


Manners, sir.


Then pay a higher transaction fee next time (but I suppose you already knew that didn't you)?


I assume you're talking about the minimum to be relayed, because there is no minimum to be guaranteed space in a block.


Perhaps those 3,000 transactions paid a higher fee per byte than you did?


The bitcoin network has performed exactly as designed today. The fact that you are incapable of using it properly isn't proof that it's failed to perform.

Medium/advanced Bitcoin users should always (as habit) take a look at the mempool size before sending txs.
I personally check out https://bitcoinfees.21.co/ (https://bitcoinfees.21.co/) and https://tradeblock.com/bitcoin (https://tradeblock.com/bitcoin) since I always do custom fees.

How much fee did you give? How long did it take to confirm?

 If you don't have the time to wait for a confirmation, why not use a credit card?  That's pretty quick.  Nobody is going to fault you for using an alternative to Bitcoin once in a while.

You guys blew it, I wanted him to be the first an second posts. It would have been funny.

Bitcoin is fine it will find its way, have faith.

sometimes confirmation really takes long :(

Yeah bro I feel your pain.  Some transactions are lightning-quick, others get stuck for hours sometimes.  It pisses me off most when I'm transferring coin to an exchange and want to start trading right away.  The waaaaiiiit...sucks.  I'm sure you remember the stress testing that was going on a few months ago.  It hasn't been that bad lately at least.

Just because you used a fee higher than required minimum fee of 0.0001BTC, doesn't mean it's going to be confirm in the next block. Did you try to actually compute an estimate to the size of the transaction you made prior to sending and give a fee base on it? transaction size and fees used per byte is what makes it to confirm in either the first block found or the next one's. Could you post the transaction link, so we could evaluate the situation?

I also feel that Sometimes we have a very urgent necessity and slow confirmation of this. of course very annoying and disturbing right ? what should we do to resolve this?

wait for segwit & LN  ;D

https://oksofar.files.wordpress.com/2015/02/hiatus.jpg

PEBKAC.

In other news, my lawn mower failed to prepare my breakfast in a timely fashion this morning and the eggs were overdone.

If a more experienced user like OP fails to calculate the appropriate fee for faster transaction confirmation, how would a newbie user be able to calculate this. Some wallet providers calculate this fee for the user, but a new user might not use these services. In this aspect I agree with OP, we should make this option more user friendly for the users, otherwise new users will think this is the norm and then turn their back on Bitcoin.

I can share his frustration, because I have made this mistake too, when I added a fee higher than required minimum fee and it still took longer than what I anticipated. ^hmmmm^

an automated fee set up should be really needed to make bitcoin users experience an easy & comfort feel when sending a bitcoin or make a transaction,i'm usually using blockchain.info's automated fee set up and everything's going fine

I must admit that I also recently had this.. Before it was always included in the first block to be mined, but this time it took till the third block to be included. In addition, blocks were being generated really slow (2x more than 30 minutes..) so it took forever.

This was probably the reason though, blocks filled up with people paying the same fee and I was just put in queue. Sucks, but it is the way it works.

Feels broken though, 3,000 transactions and not being included in the block when you pay a sufficient fee.

Well, if anyone makes the same msitake in future (and I've forgot to include sufficient fees in the past also), the solution is here already: fee replacement. I think it only works on the command line right now, but that should provide incentive to those that don't normally use the command line IMO.

Bitcoin developers can't implement everything at once, it all takes some amount of time/effort, and time/coding-expertise are both limited. I guess the question is: how badly do people want an improved Bitcoin? Because if someone had started work on adding fee-replacement to the graphical interface, say about 12 months ago, this thread probably wouldn't exist. But Jonas Schnelli only really just started the job, so, there you go.

It has become clear in the past few months that you cannot rely on the bitcoin network, specially if you want speed.

Until some scaling solution is adopted you should abstain from transact on the network.

My mempool is at ~1.2 GB and showing 40k unconfirmed transactions. However, keep in mind that most of this is spam:
https://i.imgur.com/otere1O.png

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As long as your fee is adequate you will be fine. Delay will only occur when there is unusual block timing.

So much complaining about a transaction, yet no link to the transaction itself. Get real, or gtfo.

Thats nothing to complain about, maybe the network is busy enough, everyone will get their transaction in a timely manner based on network distribution, so you and everyone else should patiently wait. Maximum I have ever waited for a confirmation is 24 minutes which is not a big amount of time.

Unless you are doing something illegal with Btc and you need lightning fast transactions.

@ OP
How much have you paid as fee/byte and how big was your transaction?
Maybe use a wallet with dynamic fees calculation instead of static?

Yup. I've taken to converting to doge to move things around. It's quick and low fees too. the BTC network is just too congested (though people will deny this till they are blue in the face).

yes its a serious problem about bitcoin transaction,but i'm sure its rare happen,i'm also ever feel that,and its time for you to knowing that bitcoin is not perfect,sometime bitcoin will give you madness.

It's not really a serious problem. If your transaction has to confirm very quickly for whatever your reason might be, then simply include a fee of 0.0005 - 0.001 BTC and it will be included in the next to be mined block. It's the same with banks. You can use the normal way of sending money from one bank to the other, and you have the high priority way of sending money. It costs you money to do it while normal transactions are free, but the benefit is that the receiver will get the money much sooner.

Bitcoin is much better than credit cards in many situations, but if a new block is required to confirm an "instant" transaction & that block can often take over 20 minutes, then don't you see possible issues?

Last block = Over 30 minutes!
No matter what you say about "my complaints", a 30 minute wait is way to long, wayyyyyyy tooooooooooooooo looooooooooooong, in many situations. 

Yes it is.


Nope.  As long as that fact is public information so that users that voluntarily choose to use it can make an educated decision.


Then bitcoin shouldn't be used in those situations, but in most situations 30 minutes for a block wouldn't be a problem at all.

Well, you have to understand the problems of block generations are not exact time gaped recently faced by bitcoins recently and one among them is surely the miners . But anyways you can always pay a higher fees and avoid any long delays to get quicker confirmations by getting our transactions to be included in to next generated block itself..

There are no 'problems recently faced'. Your statement is false. Unusual block intervals aren't something new.

This is completely false as this is not the case.

Hello sir, thanks for the information. The statement I made was based on my sole observations and the problems I faced. Earlier blocks used to be mined faster or maybe just that I was lucky.

I have seen since hours sometimes blocks not getting mined, earlier I never saw. Maybe just a time difference and a co-incidence, sorry if that was wrong.

Sometimes it's just some BS with the blockchain. You just gotta wait most of the time, one of the poorer aspects of Bitcoin, but an aspect of Bitcoin none the less.

There is no known solution for this 'problem'. Basically, finding a block also includes a bit of a 'luck' factor. Due to this, there are times where there are very short 'bursts' of blocks, and interval in where there is no block for e.g. 1 hour.

I completely understand how it feels when the confirmation does not occur and you actually need it as soon as possible.
My friend recently suggested to use altcoins like dogecoins if we want 2 minute confirmations. But practically not possible to consider this as a solution.

It comes down to the security and orphans at that point. That 2 minute confirmation has incomparable security to a single Bitcoin 10 minute confirmation. In addition, the orphan rates become higher the faster the block interval is.

30 Minutes is nothing my friend, I have waited over hours for my transaction get picked. Not just that I paid 0.0003 btc as fees and still took 2 hours to confirm the transaction, so it happens.

There are over 400,000 blocks mined. You want to draw a broad conclusion from a single block? If you want to draw a valid conclusion, why don't you research historical block times?

Isn't it obvious? Because then they would be spending too much time on a single post (hint: Look under his post).

This is a common misconception. People think that X fee (as in high) will naturally mean your TX will be labeled as high priority. This is not true as it comes down to the size of the transaction, i.e. satoshi per byte. At the moment, the recommended one is is 40 satoshis/byte.

All wallets ever should do this automatically, this is not user friendly at all, if we want to make Bitcoin available worldwide, we better start working in ways to automate all of this so the person has to only press "send" and the fee is automatically calculated and set by default, anything else is a failure in terms of user experience. But we are still on the early days so im sure this will get worked on.

...

Well I too have had occasional problems getting a timely confirmation, even when paying BTC0.0003.  I pay that when I really want a transaction to get confirmed ASAP.  But, sometimes it just takes longer, it's the nature of the system.  And I usually pay the BTC0.0003 when it's an IMPORTANT transaction.

One above poster mentioned that if speed is really important, then pay by credit card (or whatever).  I agree.  When dealing with Bitcoin, it is best to arrange to have extra time ("slack") as it's a probability thing, no guarantees...

so,how big influence of fee to the transaction confirmations?is bigger fee equal with faster transaction confirmation?
glad to hear your explanation,i'm sure people here wondering about this too.

Essentially yes, but there is a point where its no longer helping you to pay a higher fee. Think of it like there is space for roughly 2000 TX in the next block. Miners will try[1] to put the most fees per byte in the block as possible to maximize their reward[2]. If e.g. a 42 satoshi/byte fee puts your TX in the top 2000 that is enough and paying a higher fee will not make your TX confirm faster. You might even make the top 2000 with 30 or even 25 satoshi/byte. Maybe the next two blocks are enough for you so you only pay 20 satoshi/byte. Since you dont know which other transactions are issued into the network after yours but before the block is found, you can never be 100% sure your TX will be in the next block. You can however pay a reasonable high fee and will very likely be included. Its very unlikely that there are suddently 2017 transactions paying a 1 BTC fee each.

All this is only relevant for the first confirmation, all subsequent confirmations are given for any block found on top of the one that puts your TX into the blockchain.

[1] its a difficult problem, see -> https://en.wikipedia.org/wiki/Knapsack_problem
[2] this will become a more pressing issue in the future when the blockreward is reduced further

I can understand the pain of slow transactions but I've personally just got used to the idea that bitcoin isn't always reliably fast. Whenever I send anything I generally expect it to show up within 2 hours and haven't been disappointed yet :P

agree with that,sometime bitcoin can't called as fast payment when some people pained by so long confirmation transaction,but anyway bitcoin still have fast transaction.

Cant really add anything to this thread without TX ID.
could be serious, but could be spam too.

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

Eh, I don't care whether or not there is a block taking a long time.

It's like a wire transaction or a check, it can take a long time without the proper infrastructure to move funds quickly.

Facing reality is just whether or not you can wait for a block, and assuming Bitcoin reached a fair amount of popularity in the real world, there would be a program that would mitigate this effect, almost guarantee it.

yes its will happen soon,people like you that new come into bitcoin world is normal if upset with bitcoin transaction,if that take so long,i will make sure that is rare to happen,so dont too worry about that.

Seems like you are trying to create some more panic to get cheap bitcoin hehe.
Yes bitcoin taking long time than 10 minutes sometimes if you use online wallet where they fail to sync every 10 minutes and get sync only after 30 to 40 minute and sometime within 1 to 2 minute. This is quite anonying for me tooo, i don't have experience with real bitcoin hardware wallet.

What is this supposed to mean? What kind of wallet are we talking about?

Indeed.

Again, it comes down to satoshi/byte at the time and the size of your TX. A fee of X will work for some of your transactions, but might not work for some other ones (e.g. due to size).