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Title: BTC low fee taking days (or more) Post by: thesavoyard on March 02, 2017, 06:14:39 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Title: Re: BTC low fee taking days (or more) Post by: Dmitry.Vastov on March 02, 2017, 06:38:01 AM Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Or use this https://www.viabtc.com/tools/txaccelerator/
Dont know if its effective because i haven't tried this before. Let me know if its effective. Guess we dont have much choice. We need to higher our fees to make faster. Hope they fix this. Title: Re: BTC low fee taking days (or more) Post by: davis196 on March 02, 2017, 06:39:55 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. Title: Re: BTC low fee taking days (or more) Post by: Idrisu on March 02, 2017, 06:50:58 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 02, 2017, 06:51:59 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. The Bitcoin Core developers already have implemented Segwit, but less than 30% of the mined blocks are signaling Segwit support. In order for Segwit to get implemented, it needs 95% of the mined blocks to signal Segwit support. Segwit would effectively decrease the amount of bytes for each transaction, so they could squeeze in 70% more transaction in a block. Unfortunately, the two biggest pools are not signaling support, as well as many others. These are Antpool and F2pool. It appears they are sitting on their hands, because they stated they would only accept Segwit if the Core developers also made plans to do a hardfork to increase the block size. There is also Bitcoin Unlimited that some pools are supporting. My eyes glazed over when I tried to understand their faq, but basically it would let miners vote on what block size is best, and the majority wins. (I guess?) Antpool nor F2pool won't go for this either because they want the hardfork to come from the Core team, I guess. So, to answer your question, there are solutions out there. However, a consensus cannot be reached. So for now, you need to hurry up and wait. For now, you can try to submit your transaction to the transaction accelerator at VIABTC.com's pool. https://www.viabtc.com/tools/txaccelerator/ (https://www.viabtc.com/tools/txaccelerator/) If you can successfully add your transaction, (they only take about 100 per hour), they will include your transaction in the next block or two. They have been hitting about 10+ blocks per day lately. Title: Re: BTC low fee taking days (or more) Post by: knircky on March 02, 2017, 06:53:57 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. So you know that tx with low fees dont work, yet u still want to transact without paying fees? Pay higher fees. You should pay $1-3 per tx these days. Title: Re: BTC low fee taking days (or more) Post by: Fraxinus on March 02, 2017, 06:56:27 AM Well,there is no way around it now,either have to pay high fees or wait,and I choose to pay the high fee so my transactions gets through faster.But I agree that it gets annoying having to wait for days
Title: Re: BTC low fee taking days (or more) Post by: n0ne on March 02, 2017, 06:56:33 AM Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Or use this https://www.viabtc.com/tools/txaccelerator/ Similar such service has come to use because of the ongoing delay in transaction confirmation. This will be effective for few transactions after which it cannot make the transaction move forward in the priority list of faster confirmation transaction. But this works giving at least a small time variation in normal mode of confirmation and using this.Dont know if its effective because i haven't tried this before. Let me know if its effective. Guess we dont have much choice. We need to higher our fees to make faster. Hope they fix this. Title: Re: BTC low fee taking days (or more) Post by: knircky on March 02, 2017, 06:57:03 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i would be sooo much richer...... Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing. Title: Re: BTC low fee taking days (or more) Post by: hisuka on March 02, 2017, 07:04:17 AM I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again.
Title: Re: BTC low fee taking days (or more) Post by: LoyceV on March 02, 2017, 07:04:55 AM Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Although this is still true, it's a race into higher fees now. Most wallets use "dynamic fees", which means they adjust the fee to whatever fee is best at that moment. Since most wallets do that, they keep increasing fees.In the end, we all pay more, and we're all still waiting, as blocks are still limited. Fees are now spiralling up very fast. A fee that was more than high enough a week ago is now already too small to get a confirmation within 12 hours. This really stops bitcoin gorwth and mass adoption. I fear this holds back Bitcoin indeed. How can it grow if more users only means we can make less transactions per person?Pay higher fees. You should pay $1-3 per tx these days. If we all do that, it won't be enough anymore by next week. Paying more doesn't solve a scarcity problem, it pushes the poorest off the market.Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 02, 2017, 07:06:43 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i Would be sooo much richer that i really dont care. Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing. Well if you only want to send .01 BTC $3-5 is rather high. Title: Re: BTC low fee taking days (or more) Post by: Pursuer on March 02, 2017, 07:14:10 AM If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i would be sooo much richer...... these two aren't right together. if price was $3000 you should be paying less amount of fee. because the only purpose of paying fee should be to pay the miners for the work they are doing and if price were $3000 that would have meant miners were earning 12.5BTC * $3000 = $37,500 and that is at least 5 times what the cost of mining is for them. Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing. it is fee war! sadly, there is spam attack but we -as users- are increasing the fees by competing with each other and there is no stopping that because you can't convince everyone to pay the same fee, every single person wants his transaction to be confirmed faster so they pay higher fees than the last person. Title: Re: BTC low fee taking days (or more) Post by: Carlsen on March 02, 2017, 07:26:25 AM I don't think has to do anything with the price of bitcoin.
I suppose that somebody is sending countless spam transactions. To what purpose I do not know, either to support an increase of the blocksize, or to increase the amount of fees. Or to discredit bitcoin. But I am relatively sure that the pure number of transactions are not caused by the natural growth of th bitcoin community. And when there are many transactions, those with the highest fees are handled first. Title: Re: BTC low fee taking days (or more) Post by: Amph on March 02, 2017, 07:27:06 AM I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again. you are aware that fee have an average of 36k satoshi now? a tx that has a height of 226 byte require that amount of fee they should really add to core the amount of fee you need to pay currently/based on the size of the TX) to not get stuck, the autofee is usually too high and the standard is too low with accelerator you can usually go away with half of the fee, which is very convenient Title: Re: BTC low fee taking days (or more) Post by: wxa7115 on March 02, 2017, 07:34:23 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Title: Re: BTC low fee taking days (or more) Post by: mk4 on March 02, 2017, 07:40:59 AM blockchain probably getting flooded again
Title: Re: BTC low fee taking days (or more) Post by: passwordnow on March 02, 2017, 08:01:23 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I really don't mind if the fees goes up. Its normal together with the price of bitcoin so expect that to happen. And with your transaction many are suffering with the delay and unconfirmation of their transactions. The reason why you are experiencing that because of the network traffic and volume of transactions at the same time. Title: Re: BTC low fee taking days (or more) Post by: megynacuna on March 02, 2017, 08:08:41 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Well let's all wait for the approval of segwit and see if it can put this problem to bed. It's been trending for quite a long time and I know everyone is interested in getting the delayed confirmations behind us so that we can have a workable Bitcoin with fast confirmations. Title: Re: BTC low fee taking days (or more) Post by: franky1 on March 02, 2017, 08:37:40 AM the problem with cores idea of fee's is not controlled by code..
kind of funny that devs removed code rules.. yes version 0.14 has totally removed the priority mechanism. yes the priority mechanism wasnt any good as it just favoured the rich more then the poor in its formulae. but they never bothered to actually be real devs and envision a new formulae that actually does help solve the issues that causes the problems and also havnt been code devs to treat people more fairly rather then act like banker economists that punishing the innocent aswell as the malicious with the stupid 'just pay more' empty minded mindset.. so to save me re-writing what i have already wrote we should think about changing something real simple. the tx priority formulae to actually solve things like bloat/respend spam. where by the more bloated (tx bytes) and the more frequent (tx age) a spend is made. the more it costs. imagine that we decided its acceptable that people should have a way to get priority if they have a lean tx and signal that they only want to spend funds once a day. where if they want to spend more often costs rise, if they want bloated tx, costs rise.. which then allows those that just pay their rent once a month or buys groceries every couple days to be ok using onchain bitcoin.. and where the costs of trying to spam the network (every block) becomes expensive where by they would be better off using LN. (for things like faucet raiding every 5-10 minutes) so lets think about a priority fee thats not about rich vs poor but about respend spam and bloat. lets imagine we actually use the tx age combined with CLTV to signal the network that a user is willing to add some maturity time if their tx age is under a day, to signal they want it confirmed but allowing themselves to be locked out of spending for an average of 24 hours. and where the bloat of the tx vs the blocksize has some impact too... rather than the old formulae which was more about the value of the tx here is one example https://i.imgur.com/WnGb05Q.png as you can see its not about tx value. its about bloat and age. this way those not wanting to spend more than once a day and dont bloat the blocks get preferential treatment onchain. if you are willing to wait a day but your taking up 1% of the blockspace. you pay more if you want to be a spammer spending every block. you pay the price and if you want to be a total ass-hat and be both bloated and respending often you pay the ultimate price yes its not perfect. but atleast lets think about using CODE to choose whats acceptable. rather than playing bankers economic value games of rich guys always win, or the bankers ecomonic games of 'just pay more.. that way we are no longer pushing the third world countries out of using bitcoins mainnet. the other problem recently is that core changed the fee calculations by miners from being reactive to demand.. to be done using an average estimator, which is proved by math to be biased to increase even during low demand. this needs to go back to reactive Title: Re: BTC low fee taking days (or more) Post by: AicecreaME on March 02, 2017, 08:37:48 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Bitcoins transaction fees don't have to do anything about its survival in this cryptocurrency world. This problem is just coming up when the block size reached its limit, which, can't process more transactions because its current size can't handle too much. By increasing the block size, the transaction would be fast again, though, the fees are going higher like the bitcoins price. And I can't see anything bad about this transaction fee, though this is like a tax on the bitcoin world, in order to keep this world cycling, we need a money(fee) so that bitcoin would keep on cycling and surviving everyday, and without the fee, we can't process obviously any transactions and I know we don't want something like this. Title: Re: BTC low fee taking days (or more) Post by: franky1 on March 02, 2017, 08:51:11 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Bitcoins transaction fees don't have to do anything about its survival in this cryptocurrency world. This problem is just coming up when the block size reached its limit, which, can't process more transactions because its current size can't handle too much. By increasing the block size, the transaction would be fast again, though, the fees are going higher like the bitcoins price. And I can't see anything bad about this transaction fee, though this is like a tax on the bitcoin world, in order to keep this world cycling, we need a money(fee) so that bitcoin would keep on cycling and surviving everyday, and without the fee, we can't process obviously any transactions and I know we don't want something like this. pools DO NOT CARE about fee's!! pools do not see fee's as a needed income, but as a bonus. do not assume that its pools causing the issues. pools dont need fee's for a couple decades so saying its ok to push the fee war today has nothing to do with helping pools 'security' and helping them 'survive' becaus right now the block reward is their income they can happily live on, and will continue to happily live on for decades.. we do not need to push the fee war today Title: Re: BTC low fee taking days (or more) Post by: ralle14 on March 02, 2017, 09:04:46 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. blockchain probably getting flooded again It's already flooded since a month ago.Title: Re: BTC low fee taking days (or more) Post by: Dudeperfect on March 02, 2017, 09:51:03 AM At the moment paying high fees is the only option to get faster transaction confirmation and I have seen that some members some members are recommending to use ViaBTC transaction accelerator to boost the confirmation period but unfortunately, it seems that everyone is using it to get faster confirmation and thus most of the times ViaBTC transaction accelerator tool refuses further requests due to overaload of the requests.
Title: Re: BTC low fee taking days (or more) Post by: coynedterm on March 02, 2017, 10:17:13 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I my self facing problems every week during sell the bitcoin . The traders are not releasing money before single confirmation because they are saying that what will happen if the transaction got reversed , which is a necessary thing to think for a trader . Well here I will say pay a sufficient amount that is suggested by the wallet to keep himself away from the reverse of the transaction . Title: Re: BTC low fee taking days (or more) Post by: szpalata on March 02, 2017, 10:39:53 AM It's been terrible and the least said about the delayed confirmations the better. It's driving me crazy and I hope for a change some time soon if indeed BU or segwit will be approved.
Title: Re: BTC low fee taking days (or more) Post by: machinek20 on March 02, 2017, 10:46:28 AM It has been a real problem for bitcoin, the transaction is too slow and the fee is to expensive, if this keep on continue the user will used another coin to replace bitcoin, it is a terrible situation to wait for your transaction to confirm, something need to be done to fix this issue
Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 02, 2017, 11:05:23 AM Last time I looked, core wallet was indicating 1.2mBTC/kB for 25 confirms estimate. This is bad news for anyone who uses coin control to combine smaller UTXO's in to bigger ones. This is bad news for people who do not use coin control, who probably don't know how many UTXO's they have for their BTC through small change amounts, or earlier small pool payments. These people could be in for a big shock of they try to spend their BTC, since the fees could now take a large chuck of their holdings, or even worse mean all they really have is no BTC at all.
This is not a problem yet for big BTC holders, but I didn't think the design purpose was to make BTC exclusive to the few. The problem is the current fee/block structure. If the block size is kept low, fees will spiral to infinity. If the block size is infinite, fees will fall to zero, meaning the block chain will stop once the miners have no incentive. The solution in my mind is to have excess space in blocks so that they aren't simply filled up in one go. Higher fees should provide faster confirms over low ones, so low fee transactions should be artificially held back. There also needs to be a transaction value weighting applied to the fee to allow for small value transactions despite the space they use up. The problem of dust needs to be dealt with, or there will be less spendable BTC. Backlogs and dust combinations could be dealt with in the excess block space. Miners should be given one protocol so that they cannot greedily pick which transaction should be included. Fair play for all. I hope segwit does get activated, but we are going to need bigger blocksizes and a rethink over transaction fee handling, otherwise Bitcoin is going to implode under its own mass. Title: Re: BTC low fee taking days (or more) Post by: YuginKadoya on March 02, 2017, 11:31:37 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I think it is really relevant that transaction right now are taking long to process because of he highly demand a commodity is you will surely need to put a higher fee if you don't want any transaction to take long, I had an experience once, and I think that right now my wallet don't have problems like these anymore! Title: Re: BTC low fee taking days (or more) Post by: thesavoyard on March 02, 2017, 12:00:54 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds. On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well. Title: Re: BTC low fee taking days (or more) Post by: franky1 on March 02, 2017, 12:03:41 PM I hope segwit does get activated, but we are going to need bigger blocksizes and a rethink over transaction fee handling, otherwise Bitcoin is going to implode under its own mass. segwit activating does not fix the issues it promises to fix. pools using segwit nodes does not fix the issues it promises to fix. users using segwit nodes does not fix the issues it promises to fix. segwits 'fixes' only affect users using segwit KEYS. the issue is that you have to move funds to a segwit public key. meaning that the transfer transaction is not a true sgwit transaction. the only people that fully benefit from segwit are by those who are using segwit keys. inshort segwit only has a benefit if 100% of people use segwit keys using native keys is possible after activation. meaning malicious people can still do malicious things to blocks. even funnier part is even though segwit has things like transaction 'filters' to stop certain things getting relayed. and also sets up the network where segwit nodes are centralised as upstream filters(gmaxwells own buzzwords) including having the fibre network as the centralised ring-fence gatekeeper of the pools.. segwit opens up a new attack vector. a malicious user can actually run a segwit node. and perform NEW attack vector. simply manually copy a unconfirmed segwit tx from a segwit node mempool and paste it into a native(old) node and mess with the segwit transaction. segwits 'promises' are empty gestures. segwits removal of reactive fee's , removal of priority, addition of average fee, addition of fee filters has ruined their 'discount' bribe people thought they would get. because it just makes using segwit slightly cheaper than now because the fee's are rising so fast that the discount is not going to cause much savings for long for instance if at activation the "average fee" is $1.. then at best the discount brings it to 25cents. which we all know was an average fee just weeks ago. not years ago. the removals of reactive fee's, and adding 'average fee' along with all the min fee filters. are aggressively pushing fee's up even during times of low demand Title: Re: BTC low fee taking days (or more) Post by: Nahl on March 02, 2017, 12:23:57 PM there is no good way to fix these situations and indeed i also feel that conformations of transactions for bitcoin now took more longer but i think it would be fine and i don't mind about that however if we compare between bitcoin and fiat banks i think bitcoin transactions fees is still low and for me as long as the fees not higher that fiat banks i would not have problem
Title: Re: BTC low fee taking days (or more) Post by: Golftech on March 02, 2017, 12:28:49 PM It has been a real problem for bitcoin, the transaction is too slow and the fee is to expensive, if this keep on continue the user will used another coin to replace bitcoin, it is a terrible situation to wait for your transaction to confirm, something need to be done to fix this issue you got a point there mate it will be an advantage for those alts developers who have direct access to their fiat exchange so people around that place will be able to take advantage instead of bitcoin they can exchange to alts and then exchange the alt to their fiat, as easy like that, better to find those alts that have this feature though.Title: Re: BTC low fee taking days (or more) Post by: jtipt on March 02, 2017, 12:58:02 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Bitcoins transaction fees don't have to do anything about its survival in this cryptocurrency world. This problem is just coming up when the block size reached its limit, which, can't process more transactions because its current size can't handle too much. By increasing the block size, the transaction would be fast again, though, the fees are going higher like the bitcoins price. And I can't see anything bad about this transaction fee, though this is like a tax on the bitcoin world, in order to keep this world cycling, we need a money(fee) so that bitcoin would keep on cycling and surviving everyday, and without the fee, we can't process obviously any transactions and I know we don't want something like this. pools DO NOT CARE about fee's!! pools do not see fee's as a needed income, but as a bonus. do not assume that its pools causing the issues. pools dont need fee's for a couple decades so saying its ok to push the fee war today has nothing to do with helping pools 'security' and helping them 'survive' becaus right now the block reward is their income they can happily live on, and will continue to happily live on for decades.. we do not need to push the fee war today Title: Re: BTC low fee taking days (or more) Post by: danherbias07 on March 02, 2017, 01:01:34 PM I always pick the lower fees and will wait only for 12 hours. I haven't tried relocating my bitcoin today so if it is just now I dont think it will happen mostly. I can try again tomorrow and see if this happens again. If not then there is someone curing this disease that is happening. I guess you have done a transaction while the spams are also doing it.
Title: Re: BTC low fee taking days (or more) Post by: Gotottack on March 02, 2017, 01:23:10 PM I always pick the lower fees and will wait only for 12 hours. I haven't tried relocating my bitcoin today so if it is just now I dont think it will happen mostly. I can try again tomorrow and see if this happens again. If not then there is someone curing this disease that is happening. I guess you have done a transaction while the spams are also doing it. It's not about trying now or later, it's about the current unconfirmed transactions. That is the cause of all this. Since the current situation of bitcoins is that it is limited to its capabilities this happens. I also heard that there have been attacks on the blockchain that is causing the problems of so much unconfirmed transactions. Title: Re: BTC low fee taking days (or more) Post by: requester on March 02, 2017, 01:58:59 PM Really missing those days when we used to play transaction transaction on blockchain just for fun because at that time transaction fees was too small and it didn't made sense on transction.
Title: Re: BTC low fee taking days (or more) Post by: DoublerHunter on March 02, 2017, 02:03:43 PM This is true and it is very annoying for me because back in the old days, Small fees or cheap fees doesn't affect the speed of transaction and it just takes a few minutes before bitcoin fully received in your account. I hope someday we can back in that experience where bitcoin fees are just very cheap and also fast.
Title: Re: BTC low fee taking days (or more) Post by: franky1 on March 02, 2017, 02:12:10 PM we do not need to push the fee war today You make a valid argument as to why the pools don't care about the fees right now, but then when will do the care about fees. When do we need to push the fee war?any time between 2 decades and a century. by which time those blockstream employees hopefully have moved on to hyper ledger and gave up spoiling bitcoin. to allow real onchain NATURAL and rational scalable growth which will allow more REAL transactions onchain via native transactions without centralisation. so that instead of 10 people paying $$$$$ every 10 minutes. its thousands of people paying pennies to total $$$$$ every ten minutes. and dont let people start telling you about gigabytes by midnight or visa by noon. as those are 2 year old fools fearing fools scripts that have been shot down. natural growth over time should not be stalled today and baited with crappy one time gestures of empty promises. natural growth done by the nodes selecting what they can cope with so that the nodes dont suffer is far better than being spoonfed by devs with one time gestures that dont solve anything but push blockstream centralistic commercial services Title: Re: BTC low fee taking days (or more) Post by: BlueLabel on March 02, 2017, 03:05:25 PM Clients that can help determine how much fee to send is on the right track. Like electrum new version with the sliding bar. If client looks at pending bitcoin transactions and gives best estimate. I personally have no problem sending higher fee for the higher price Bitcoin goes. It will always be cheaper than PayPal! ;D
Title: Re: BTC low fee taking days (or more) Post by: paul gatt on March 02, 2017, 03:07:51 PM I think because of rising prices btc, so some people charge money becomes larger, so they have scaled back expenses, which makes the transaction becomes slower, and when people do this series, the network can not mesh transactions processed quickly, leading to congestion. I think, all of us should spend a period of moderate fee to perform transactions faster, in addition, we need a new technology to be able to perform transactions smart and easy, convenient further benefit
Title: Re: BTC low fee taking days (or more) Post by: noormcs5 on March 02, 2017, 03:16:58 PM I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again. I guess most of us encountered this kind of problem especially those who uses 0 transaction fee. And so if you do not want to wait for long pay a high amount of bitcoin and so your money will be process fast, it is implied to everyone. Title: Re: BTC low fee taking days (or more) Post by: olubams on March 02, 2017, 04:15:04 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Its so unfortunate that things had to degenerate to this level but the real fact is that there are no two ways around it. In as much we are happy that the price is increasing, and we are making more money then we should also be ready to pay more to the miners who makes this bitcoin available for us as well as the wallet providers who will have to do more in protecting our funds for those who have some funds kept there. Title: Re: BTC low fee taking days (or more) Post by: Pettuh4 on March 02, 2017, 05:33:31 PM blockchain probably getting flooded again I believe so, but didn't we expect this flooding? What were the core devs doing? It must be fixed soon because this delayed confirmations aren't a good sign for bitcoins global acceptance. Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 03, 2017, 07:03:48 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds. On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well. What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic. Yep, huge backlog (https://blockchain.info/unconfirmed-transactions). Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up. Title: Re: BTC low fee taking days (or more) Post by: batang_bitcoin on March 03, 2017, 07:45:55 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds. On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well. What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic. Yep, huge backlog (https://blockchain.info/unconfirmed-transactions). Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up. Exactly, everyday there would always be a network traffic and upon checking there is a constant of 81800+ transactions and keeps on growing. And miners will always have longer time before confirming all of those. Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 03, 2017, 07:48:26 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. It's really annoying that when you need those bitcoins immediately. But those transaction that aren't confirmed yet are experiencing traffic in the network and we know that there are thousands of transactions everyday and miners are also having hard time to confirm first those who are paying fees. But if you're paying fee, it will be confirmed after a few seconds. On my wallet it has a slider for the fees. I put it up to about the 40% mark but it still says low fee with a ! next to it. Still not confirmed. Higher fees make bitcoin unusable as a currency, slow confirmations and double spending as well. What wallet are you using? When I'm using blockchain.info there is also an adjustment for the fees. But I don't know why you are experiencing that because whenever I'm transacting the fees most of the time is 0.0002 BTC and it gets confirmed for a short couple of hours. Maybe the miners are having hard time for the traffic. Yep, huge backlog (https://blockchain.info/unconfirmed-transactions). Almost a 150 MB backlog the moment that I posted this message. Even if everyone stopped sending transactions to let the miners clean this up, it would take over a day to catch up. Exactly, everyday there would always be a network traffic and upon checking there is a constant of 81800+ transactions and keeps on growing. And miners will always have longer time before confirming all of those. Good news is that the difficulty change should happen today. So soon the big boy miners will ramp up their equipment again, very soon. Title: Re: BTC low fee taking days (or more) Post by: Creepings on March 03, 2017, 07:51:59 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. There are just spams transaction that going on affecting the transaction. Transaction of multiple accounts with just .0001, with no actual reason. Maybe someone trying to bring down bitcoin. Title: Re: BTC low fee taking days (or more) Post by: el kaka22 on March 03, 2017, 02:56:19 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. I believe bitcoin foundation or the dev will need to make a decisions on this as prices are surging very rapidly and we need to get ready to welcome more number of adopters and hence bigger blocks might be the right solutions and we are going to experience them very soon. Title: Re: BTC low fee taking days (or more) Post by: thesavoyard on March 03, 2017, 03:08:57 PM Clients that can help determine how much fee to send is on the right track. Like electrum new version with the sliding bar. If client looks at pending bitcoin transactions and gives best estimate. I personally have no problem sending higher fee for the higher price Bitcoin goes. It will always be cheaper than PayPal! ;D Don'the use electrum wallet. I put the slider to max and I have max fee unconfirmed for 48 hours. It's not because the coin is held up before. It has over 300 confirmations coming into the wallet. I think i'm done using BTC. It is too unreliable. Title: Re: BTC low fee taking days (or more) Post by: AicecreaME on March 03, 2017, 03:15:50 PM Well,there is no way around it now,either have to pay high fees or wait,and I choose to pay the high fee so my transactions gets through faster.But I agree that it gets annoying having to wait for days Yeah right? The transactions fees that we are paying each transaction is not that high, maybe this folks that are complaining about the transaction fees are just doing FAUCET to earn bitcoin, which, their earning is really not that big compare to us who are doing signature campaign. So, the only one way to stop their complains about this issue is to stop doing FAUCETS because it is really a waste of time if you can do something else that you could earn bigger amount so you will not be mad about the transaction fees, simple as that. Title: Re: BTC low fee taking days (or more) Post by: buwaytress on March 03, 2017, 03:27:15 PM the problem with cores idea of fee's is not controlled by code.. kind of funny that devs removed code rules.. yes version 0.14 has totally removed the priority mechanism. yes the priority mechanism wasnt any good as it just favoured the rich more then the poor in its formulae. but they never bothered to actually be real devs and envision a new formulae that actually does help solve the issues that causes the problems and also havnt been code devs to treat people more fairly rather then act like banker economists that punishing the innocent aswell as the malicious with the stupid 'just pay more' empty minded mindset.. so to save me re-writing what i have already wrote <removed rest of quote> I really need to trawl deeper into the depths of btc, as I had looked for a thread on this topic when I noticed priority mechanism was removed. I'd thought only it was left out of tx info as the estimated time of confirmation was inaccurate. On the base of it, prioritising txs that are lean and low frequency sounds like a great idea - but then certain users (let's say faucet owners even) might feel unfairly punished by that. Personally, I spend very few times and I would probably fall under high priority under that proposed new mechanism although I rarely need things to be paid instantly. Perhaps if there were a way for the mechanism to also allocate a user a predetermined "priority allocation" that would allow a user to signal for high or low priority, and use up or accumulate this allocation. I don't know how far your proposal's gone up, but it's a very good one. I don't foresee confirmation time becoming a worry for me just yet but it is a major hindrance for btc adoption. Title: Re: BTC low fee taking days (or more) Post by: wolfen on March 03, 2017, 07:21:14 PM Used https://pushtx.btc.com/ to accelerate the transactions, everything is confirmed now.
Title: Re: BTC low fee taking days (or more) Post by: NoiseBoy on March 03, 2017, 07:26:20 PM That's the sixty-four thousand dollar question, mate. Find an answer to that which everyone can agree upon, and you're the next Satoshi Nakamoto.
Title: Re: BTC low fee taking days (or more) Post by: asuryan180 on March 03, 2017, 07:28:15 PM You can use the bitcoin accelerator,at least give it a try,I got my confirmation faster that way.Anyway,yeah ,BTC transactions are taking longer and longer to confirm and that's the kind of reality we have to deal with,either pay the big fees or wait for days.There's no way around it-the choice is yours :)
Title: Re: BTC low fee taking days (or more) Post by: pinkpanther03 on March 03, 2017, 09:12:36 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. My experience before in the blockchain, I do transaction in the electrum then I adjusted the fee into lowest fee, and I didn't expect I will wait for 3days before I received the confirmation. So after that traumatic experience of mine, Lol I always make the transaction to the maximum fee. :) Title: Re: BTC low fee taking days (or more) Post by: mercenar1e on March 03, 2017, 10:46:20 PM imagine if fiat money had taxes that varied day to day and you had to wait 42 hours+ to be able to have it in your possession. people would be furious. what's happening here with bitcoin is greed followed + shady behavior.
Title: Re: BTC low fee taking days (or more) Post by: shinratensei_ on March 03, 2017, 11:09:00 PM imagine if fiat money had taxes that varied day to day and you had to wait 42 hours+ to be able to have it in your possession. people would be furious. what's happening here with bitcoin is greed followed + shady behavior. I like that, I can't imagine it. A lot of the people will try to destroy everything. This is very shade and needs to be discarded on thrash. This is why Roger ver is making a propaganda for bitcoin. Title: Re: BTC low fee taking days (or more) Post by: shield132 on March 03, 2017, 11:14:29 PM It's sad to say but nowdays we can't to do anything against this fact. To my mind only way of our help is to get offer from mining pools to include our transaction if they will be able to find new block. Such service was already created and will be better if team of bitcoin will work on this because it was said for many times that they will never do any forks.
Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 04, 2017, 01:11:28 AM Good news is that the difficulty change should happen today. So soon the big boy miners will ramp up their equipment again, very soon. Yep, just as I predicted. Down to 58379 transactions and 65 MB. Plus it's the weekend. This clusterfuck should be working itself out in the next couple of days. Let's keep our fingers crossed. Title: Re: BTC low fee taking days (or more) Post by: ufaiz50 on March 04, 2017, 01:24:06 AM it's because price rises are making more and more bitcoin transactions with a low fee we have to wait for more than one day. Now we have to use a high fee to be able to speed up the transaction confirmation, increasingly popular bitcoin will be more and more problems in bitcoin
Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 04, 2017, 01:35:34 AM it's because price rises are making more and more bitcoin transactions with a low fee we have to wait for more than one day. Now we have to use a high fee to be able to speed up the transaction confirmation, increasingly popular bitcoin will be more and more problems in bitcoin Yes, everyone want to move their BTC to exchanges for pump, dump and arbitrage action. Title: Re: BTC low fee taking days (or more) Post by: bamboylee on March 04, 2017, 02:37:41 AM it's because price rises are making more and more bitcoin transactions with a low fee we have to wait for more than one day. Now we have to use a high fee to be able to speed up the transaction confirmation, increasingly popular bitcoin will be more and more problems in bitcoin That is the only option we have for now. If we do not pay high enough fee, our transaction will be ignored for days. So I always follow the suggested fee my wallet is giving. It does not fail me to get my transactions confirmed, so far. I do not want to use those tx accelerator they are suggesting. I doubt it will work. Title: Re: BTC low fee taking days (or more) Post by: rajasumi3 on March 04, 2017, 05:25:08 AM It has been made according to priority .if u have lot of time for the transaction wait for it .but otherwise u have to pay a normal fee so that it is transacted quickly .the price of bitcoins have increased a lot and the price of transaction fees too.
Title: Re: BTC low fee taking days (or more) Post by: lightfoot on March 04, 2017, 05:44:26 AM This is an interesting issue. As a person who repairs bitcoin and litecoin miners for payment (in bitcoin), boosting the fees is annoying. You can say it will draw more miners, but that will simply increase the difficulty which will make each miner less effective which means no difference to the confirm rate.
You can raise fees, and that will make more money for miners, but that will simply bring in more miners which will increase the difficulty and make each miner less effective. Queen's race. You can play the game of paying mining consortia to include your transactions in blocks, but that will just result in more consortia doing this, less confirmation of normal blocks, and more miners coming in which raises the difficulty which makes each mining consortia less effective. Queen's race again. About the only people who profit are power companies. Invest in electric company stocks. Another option: I'm going to start accepting payment in litecoin and see if I can convert that to bitcoin in large chunks, or buy some of my materials with ltc-cash. No problem confirming transactions there. Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 10:10:57 AM This is an interesting issue. As a person who repairs bitcoin and litecoin miners for payment (in bitcoin), boosting the fees is annoying. You can say it will draw more miners, but that will simply increase the difficulty which will make each miner less effective which means no difference to the confirm rate. You can raise fees, and that will make more money for miners, but that will simply bring in more miners which will increase the difficulty and make each miner less effective. Queen's race. You can play the game of paying mining consortia to include your transactions in blocks, but that will just result in more consortia doing this, less confirmation of normal blocks, and more miners coming in which raises the difficulty which makes each mining consortia less effective. Queen's race again. About the only people who profit are power companies. Invest in electric company stocks. Another option: I'm going to start accepting payment in litecoin and see if I can convert that to bitcoin in large chunks, or buy some of my materials with ltc-cash. No problem confirming transactions there. Yes. And the fee market competition will continue until people have to start dropping off the BTC blockchain, as the fees become prohibitively expensive for all but the big UTXO movers, and the fee competition spiral means that even high fee transactions don't get confirmed because even higher fee incoming transactions push them out of the capacity queue. Notice during the recent BTC pump, a few alt coins have pumped even better, which is not usually the case. Most of these altcoins aren't of the simple BTC clone type though. So it looks like traders are beginning to speculate on which coin may become a serious contender to the deadlocked BTC development issue. Title: Re: BTC low fee taking days (or more) Post by: lightfoot on March 04, 2017, 12:00:21 PM Yes. And the fee market competition will continue until people have to start dropping off the BTC blockchain, as the fees become prohibitively expensive for all but the big UTXO movers, and the fee competition spiral means that even high fee transactions don't get confirmed because even higher fee incoming transactions push them out of the capacity queue. Of course the next problem is going to be the BTC core nodes. I run one of those as a service to the network just to relay transactions, and it's requiring more and more disk space, memory, and cpu time to keep running. At some point people are going to get annoyed at the thought of storing every transaction forever for no pay.Notice during the recent BTC pump, a few alt coins have pumped even better, which is not usually the case. Most of these altcoins aren't of the simple BTC clone type though. So it looks like traders are beginning to speculate on which coin may become a serious contender to the deadlocked BTC development issue. Bitcoin is a perfect example of a pure perfect market. Even if you fix one section (double or quadruple the block size) it causes problems in other sections (ok, what about nodes who now need more disk and CPU)? Segwit has its own problems as well, as does inertia. So what is the solution.... Title: Re: BTC low fee taking days (or more) Post by: kiklo on March 04, 2017, 12:13:27 PM Yes. And the fee market competition will continue until people have to start dropping off the BTC blockchain, as the fees become prohibitively expensive for all but the big UTXO movers, and the fee competition spiral means that even high fee transactions don't get confirmed because even higher fee incoming transactions push them out of the capacity queue. Of course the next problem is going to be the BTC core nodes. I run one of those as a service to the network just to relay transactions, and it's requiring more and more disk space, memory, and cpu time to keep running. At some point people are going to get annoyed at the thought of storing every transaction forever for no pay.Notice during the recent BTC pump, a few alt coins have pumped even better, which is not usually the case. Most of these altcoins aren't of the simple BTC clone type though. So it looks like traders are beginning to speculate on which coin may become a serious contender to the deadlocked BTC development issue. Bitcoin is a perfect example of a pure perfect market. Even if you fix one section (double or quadruple the block size) it causes problems in other sections (ok, what about nodes who now need more disk and CPU)? Segwit has its own problems as well, as does inertia. So what is the solution.... If BTC was a proof of stake / PoW coin , you could get paid for Processing Transactions for every block you staked, be about a ~$1000 per block at the current prices. Plus whatever Block reward it received. Or Start a Master Node Service like Dash where the full nodes receive a % of the BTC PoW rewards. Either of which would be more than enough incentive to run a full node. :) 8) Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 12:30:28 PM Yes. And the fee market competition will continue until people have to start dropping off the BTC blockchain, as the fees become prohibitively expensive for all but the big UTXO movers, and the fee competition spiral means that even high fee transactions don't get confirmed because even higher fee incoming transactions push them out of the capacity queue. Of course the next problem is going to be the BTC core nodes. I run one of those as a service to the network just to relay transactions, and it's requiring more and more disk space, memory, and cpu time to keep running. At some point people are going to get annoyed at the thought of storing every transaction forever for no pay.Notice during the recent BTC pump, a few alt coins have pumped even better, which is not usually the case. Most of these altcoins aren't of the simple BTC clone type though. So it looks like traders are beginning to speculate on which coin may become a serious contender to the deadlocked BTC development issue. Bitcoin is a perfect example of a pure perfect market. Even if you fix one section (double or quadruple the block size) it causes problems in other sections (ok, what about nodes who now need more disk and CPU)? Segwit has its own problems as well, as does inertia. So what is the solution.... If BTC was a proof of stake / PoW coin , you could get paid for Processing Transactions for every block you staked, be about a ~$1000 per block at the current prices. Plus whatever Block reward it received. Or Start a Master Node Service like Dash where the full nodes receive a % of the BTC PoW rewards. Either of which would be more than enough incentive to run a full node. :) 8) The problem with most POS coins I have found is that only the big stakeholders hit a POS block. For everyone else, it just introduces inflation. Perhaps a 'Proof of Participation', aka rewards for running a full node is not a bad idea. But would the rewards be significantly larger than a transaction fee? I've outlined the basis of one idea of how to keep a fee market, without stupidly stuffing blocks to the limit earlier. I'm not saying it is the right idea, but the current function is disfunctional. Title: Re: BTC low fee taking days (or more) Post by: tambok on March 04, 2017, 01:37:28 PM It has been made according to priority .if u have lot of time for the transaction wait for it .but otherwise u have to pay a normal fee so that it is transacted quickly .the price of bitcoins have increased a lot and the price of transaction fees too. And increasing in transaction fee is a normal thing even in any local remittances, the higher the value the higher the transaction cost is. I doesn't matter anyway that the transaction fee is high as long as it is justifiable and the transfer is as fast as expected. But, of course it is better if it is fast and low transaction cost as well. Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 02:07:00 PM I've always found that paying the suggested 25 confirms fee displayed by bitcoin core is usually sufficient to get a confirm in a few blocks. But maybe not during a fee spike.
I once mistakenly sent a transaction with a low fee. The things just wouldn't confirm after weeks, despite several blocks not being full. The miners were not interested in it. Some block explorers did not show the unconfirmed transaction, whilst others had got it in there mempool. I did a -zapwalletxes to cancel the transaction. Although eventually, up to a week or month later the transaction was rebroadcast by another node. So I zapped it again, waited a few days and then double spent it to invalidate the original transaction from rebroadcast. Just one reason why people should not accept zero confirms. Luckily the recipient didn't accept zero confirms so I didn't rip anybody off. So whether your transaction will eventually get confirmed depends on the mempool settings of a few big mining pools. Title: Re: BTC low fee taking days (or more) Post by: requester on March 04, 2017, 02:10:41 PM Yes I am too facing the same problem of not getting the transaction confirmed even after 24 hours also. so i think the time dead bitcoin is approaching soon and we should really do something for the problem.
Title: Re: BTC low fee taking days (or more) Post by: Zadicar on March 04, 2017, 02:20:58 PM Yes I am too facing the same problem of not getting the transaction confirmed even after 24 hours also. so i think the time dead bitcoin is approaching soon and we should really do something for the problem. you are not the only one have this problem but all bitcoin users since these thing would really be a problem in longer runs.If there's lots of people do make transactions then expect that transactions would be more.Title: Re: BTC low fee taking days (or more) Post by: Jemzx00 on March 04, 2017, 02:52:47 PM You're not the only one experiencing this kinds of things. Since bitcoin transaction works faster only with higher fee putted into it. But sometimes there are cases that even with high fees and still ended up with longer time to be confirmed. This kind of things happens when there's a heavy traffic or maybe some things. But there are some way to push your transaction to be confirmed faster with the help of some sites which you can easily googled.
Title: Re: BTC low fee taking days (or more) Post by: nikona on March 04, 2017, 03:05:39 PM You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address.
Title: Re: BTC low fee taking days (or more) Post by: lightfoot on March 04, 2017, 03:08:15 PM You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address. Of course. However when everyone uses systems like viabit you're back to square one. It's a classic Queen's race, where everyone runs faster and faster to stay in place. Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 03:09:41 PM You're not the only one experiencing this kinds of things. Since bitcoin transaction works faster only with higher fee putted into it. But sometimes there are cases that even with high fees and still ended up with longer time to be confirmed. This kind of things happens when there's a heavy traffic or maybe some things. But there are some way to push your transaction to be confirmed faster with the help of some sites which you can easily googled. I believe bitcoin core has reintroduced RBF (replace by fee), allowing a user to slap a higher fee on the transaction. This is not available through the QT front end though, so it's probably a technical task. But the thought of a market developing where transactions will not get confirmed by the mining consortia unless we use pay an intermediary to push things through is really going against the original decentralization fundamentals of bitcoin. Title: Re: BTC low fee taking days (or more) Post by: Bitcoinsummoner on March 04, 2017, 03:18:01 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 03:35:19 PM You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address. Of course. However when everyone uses systems like viabit you're back to square one. It's a classic Queen's race, where everyone runs faster and faster to stay in place. You can see the issue clearly. Eventually some people will have to drop out of Queen's race exhausted. So bitcoin adoption essentially stops or even shrinks. Hopefully the community will stop playing sectarian politics and come up with a consensus solution. I'm holding on to the bitcoin I've got now. If it forks, I'll hold on until I know what the successful fork is, but I don't think this is a good future for bitcoin. It's just even more confusion to help prevent mass adoption. I'm now diversifying into a few alts just in case. But if I loose the lot because crypto becomes a failed experiment, I can live with that. Title: Re: BTC low fee taking days (or more) Post by: bravehearth0319 on March 04, 2017, 06:02:34 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Even a thousands of bitcoin enthusiast faced this circumstance we can't do nothing about it but to accept the fact that every transaction were going to make in the blockchain is often delayed confirmations, though in the end still confirm into our wallet. Title: Re: BTC low fee taking days (or more) Post by: lightfoot on March 04, 2017, 06:05:54 PM Yep. I used to do a fair bit of work in combinational game theory, so I can see these problems. But it does point out an interesting role for something like Litecoin, quick block commits, better possible support for expansion and a reasonably stable price right now. Only question is will other vendors start accepting it, and will the ATMs start supporting LTC for quick transactions.
Speaking of which I should try my local ATM this afternoon: If people have to stand around waiting 10-30 minutes for their transaction to confirm, that will be bullshit. Title: Re: BTC low fee taking days (or more) Post by: numismatist on March 04, 2017, 06:08:45 PM You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address. Some hint on where to find this marvelous service? Google served me some "The Advanced Light Source Accelerator Control System" from Standford, literally keeping you in the dark ??? Title: Re: BTC low fee taking days (or more) Post by: bones261 on March 04, 2017, 06:10:15 PM You could still have low fees and use the viabit accelerator. The accelerator works and I have tried it a couple of times now with great success. If you dont get to use the accelerator then with low fees it could take days, or the transactions will be reverted back to the original address. Some hint on where to find this marvelous service? Google served me some "The Advanced Light Source Accelerator Control System" from Standford, literally keeping you in the dark ??? Just know that they only accept 100 transactions per hour and the minimum fee on the transaction has to be at least .0001 BTC per KB. Title: Re: BTC low fee taking days (or more) Post by: AngryDwarf on March 04, 2017, 06:12:03 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Even a thousands of bitcoin enthusiast faced this circumstance we can't do nothing about it but to accept the fact that every transaction were going to make in the blockchain is often delayed confirmations, though in the end still confirm into our wallet. Once demand exceeds capacity, it will be the case that there will be transactions that never confirm. It's even stated on the bitcoin core QT tooltip for paying only the minimum required fee of 0.00001000 BTC/kB. Title: Re: BTC low fee taking days (or more) Post by: numismatist on March 04, 2017, 06:12:25 PM Speaking of which I should try my local ATM this afternoon: If people have to stand around waiting 10-30 minutes for their transaction to confirm, that will be bullshit. In theory any TXID reaching the mempool could be taken for a successfull transfer, since it inevitably succeeds. Under ideal circumstances the 10 minutes blocktime would not matter at all. Speaking of Litecoin's 2.5 minutes those are a useless improvement. If 72 hour timeouts grow common this dream is in serious danger Title: Re: BTC low fee taking days (or more) Post by: BingoDog on March 04, 2017, 06:20:20 PM So many complaints about unconfirmed transactions these days? I wonder what miners have to do with that. Some say that higher fees speed up the transactions but that doesn't have to be the rule. I have experience that transactions with recommended fees got through without problem also. But I wonder why all the sudden fees are such problems and are they going to be higher and higher? This may make some users to abandon the bitcoin.
Title: Re: BTC low fee taking days (or more) Post by: megynacuna on March 04, 2017, 06:23:12 PM So many complaints about unconfirmed transactions these days? I wonder what miners have to do with that. Some say that higher fees speed up the transactions but that doesn't have to be the rule. I have experience that transactions with recommended fees got through without problem also. But I wonder why all the sudden fees are such problems and are they going to be higher and higher? This may make some users to abandon the bitcoin. That's what I've been saying all week that these high fees and delayed confirmations will Bitcoin unattractive especially to the newbies and will eventually collapse it but it seems we have to wait s little to see if they can do something meaningful about it. Title: Re: BTC low fee taking days (or more) Post by: Yakamoto on March 04, 2017, 06:56:53 PM So many complaints about unconfirmed transactions these days? I wonder what miners have to do with that. Some say that higher fees speed up the transactions but that doesn't have to be the rule. I have experience that transactions with recommended fees got through without problem also. But I wonder why all the sudden fees are such problems and are they going to be higher and higher? This may make some users to abandon the bitcoin. That's what I've been saying all week that these high fees and delayed confirmations will Bitcoin unattractive especially to the newbies and will eventually collapse it but it seems we have to wait s little to see if they can do something meaningful about it. Most of it comes down to spam attacks forcing the average fee up since people want to get their transaction through anyways, and it just results in a compounding effect. Title: Re: BTC low fee taking days (or more) Post by: pinkpanther03 on March 04, 2017, 11:47:08 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Title: Re: BTC low fee taking days (or more) Post by: micher143 on March 05, 2017, 01:53:35 AM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. Title: Re: BTC low fee taking days (or more) Post by: HCP on March 05, 2017, 06:20:55 AM For those worried about having to pay 200 sats/byte type fees to get their low value transactions confirmed in a reasonable amount of time... Maybe you should consider altcoins?
You can take your low value transaction to a different chain... eg. convert your BTC to DOGE and send via the DOGE network with a nice low 1 DOGE fee... that's like 20 sats... for the whole transaction! ;) And the confirmation times are measured in minutes... not hours or days like BTC is at the moment. I suspect that there is even a possibility that some of the more stable altcoins might get a wee boost if the transaction confirmation times vs. fee size on the BTC blockchain continue like this... ::) Title: Re: BTC low fee taking days (or more) Post by: upsidedown75 on March 05, 2017, 03:46:51 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. My experience before in the blockchain, I do transaction in the electrum then I adjusted the fee into lowest fee, and I didn't expect I will wait for 3days before I received the confirmation. So after that traumatic experience of mine, Lol I always make the transaction to the maximum fee. :) Title: Re: BTC low fee taking days (or more) Post by: salmanahmedone on March 05, 2017, 06:14:55 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. You cant afford the bitcoin low fee these days as with the normal of high fee it takes few hrs to confirm so for the low fee you have to wait for a week to be confirmed. :) Title: Re: BTC low fee taking days (or more) Post by: kidoseagle0312 on March 09, 2017, 12:42:20 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. If you fee's to your transaction was very low it will really takes a day before it confirms. According to my idea on it, if within 36 hours you didn't received any confirmation in the blockchain it will automatically go back where it come from. So meaning we don't have to worry about it only we need to do transaction again to encash it. Title: Re: BTC low fee taking days (or more) Post by: YuginKadoya on March 09, 2017, 01:00:30 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. If you fee's to your transaction was very low it will really takes a day before it confirms. According to my idea on it, if within 36 hours you didn't received any confirmation in the blockchain it will automatically go back where it come from. So meaning we don't have to worry about it only we need to do transaction again to encash it. I think it is just a coincidental and your transaction is not prioritize but I think there are a great chance that if you give a smaller fee the transaction would not make it to the wallet, I had a transaction just the other day that took 1 day to be confirmed and I never had a transaction that just goes back to the sender. Title: Re: BTC low fee taking days (or more) Post by: TastyChillySauce00 on March 09, 2017, 01:17:14 PM I think it is just a coincidental and your transaction is not prioritize but I think there are a great chance that if you give a smaller fee the transaction would not make it to the wallet, I had a transaction just the other day that took 1 day to be confirmed and I never had a transaction that just goes back to the sender. If you fee's to your transaction was very low it will really takes a day before it confirms. According to my idea on it, if within 36 hours you didn't received any confirmation in the blockchain it will automatically go back where it come from. So meaning we don't have to worry about it only we need to do transaction again to encash it. Title: Re: BTC low fee taking days (or more) Post by: Dimelord on March 09, 2017, 01:31:53 PM With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability. |
