Bitcoin Forum

 :)

Bitcoin is broken, don't know why people still use it when there is a plenty of better alternative  ::)

come back to this comment after some time has passed.
lets say 6 months to a year and by then you will get a very clear answer to "WHY".

Talkbitcoin.......as they say in Oz...please explain

lmao that brings the recommended fee to 400+ satoshis per byte.
Meanwhile solution proposal support looks like this:

https://i.imgur.com/NhmO7QD.png

So this isn't gonna be solved anytime soon, and we'll be seeing an ever-growing mempool for a while.

You don't need a block chain to trade its IOU on exchanges.

The bitcoin price is record so the unconfirmed transactions hit a new record level.
This is normal and ridiculous at the same time.
If the btc price returns to 1000 USD the problem will be solved. ;D

in what world a centralized, pre-mined, pump and dump, buggy, in some case bloated, insecure altcoin is better than bitcoin?
maybe next time you make a throwaway account, make sure to also give us some example :)

There is a huge blocks that needs attention and the huge demand and transaction traffic has been great lately rendering transactions to take very long. Guess that will explain the huge number and record breaking unconfirmed transactions. And if we look at the graphs the solution to make things faster is far from reality. The only solution today is to stop the spam attackers that attacks blockchain.

I just dont understand how big miners who block SegWit do not understand they will fuck up BTC this way, their main source of profits. For us, users, it s very easy to switch to some altcoin.

Dear miners, the balls is on your side of the court.

You guys are like losers standing in a long line outside of a nightclub complaining about how bad the nightclub is.

Once all the losers goes to next club who is actually doing a lot of changes/improvments (and it's easier to change things in smaller club) the only loser is the first nightclub, which will close or do everything to get losers back :)

I am not sure about that. and why  the price rises? Are there many new buyers of bitcoin out there? Many people don't know about altcoins they know bitcoin. In recent days, bitcoin more popular because ransomware wannacry

This is what im thinking too but going back to $1k price seems really hard already and considering on the price as of now it has a good support and wont crash easily to go back on low level.Regarding unconfirmed transactions sad to say im already got used to it as the time goes by on bitcoin world.I treat it already as a normal thing for me if you dont like to wait then pay up huge fees.Simple

That ransomware situation do might really have an effect on increasing the price but in exchange of that its reputation have been stained by negative which is not good for bitcoin because people will really see that bitcoin can really be used on illegal things.Price do increase normally when theres demand and if theres lots of demands then expected there would be lots of transactions.

I just keep paying like huge fees just to ge tmy transactions done in a reasonable time or they would be stuck in the mempool for days. It's the miners who want huge profits and are holding Bitcoin and the rest of us to Ransom..Eventually people will end up using Paypal again for daily transactions and just use Bitcoin as a store of value against other altcoins.

The capacity is currently at around 300k transactions a day.
If we would all make only 1-2 inputs 1 output transactions it would go to 450-500k.
Taking into account that merchants also need to collect all payments into an address it would take only the daily usage of 200 000 people buying one thing to clog the network.

Should we start talking how many transactions are made only at walmart and only in NY?



You've been around for one and half year and you have no clue how bitcoin works?

More miners will just raise the difficulty and nothing more.
One guy with a cpu miner or 1 billlion s9 mining , the number of transactions will be the same.

Now it has 191k unconfirmed transactions. The numbers are getting low.
https://blockchain.info/unconfirmed-transactions

I think miners are doing their best to confirm all the transactions.

Don't we need more miners to solve this issue?

Well, its either bitcoin or some scam coin like ripple or dash.

Cant have both.

no we are like "losers" who are standing in a long line outside of a nightclub complaining why the "they" don't make the place bigger so it can house more people in.
and the worst part is, "they" don't own the nightclub but they are causing the current state.

Miners are paid by the PBOC, which has trillions of dollars to bribe them, so they make more money by causing havoc in bitcoin than by being positive actors. Of course they also have the mission of killing nodes via BUcoin to take the power to UASF way from nodes.

But sooner or later Jihad will be kicked out of the network by angry users.

Miners get rich from fees.

At this point it's pretty safe to assume that each pool is somewhat working against Bitcoin. Honestly, miners are sitting in a great position right now.

They get higher block fees than ever, they have the ability to block activation of SegWit or whatever other proposal that they don't like, and we're all swallowing it.

Miners don't want this situation to change. It's that simple.

Are the loyalists sweating yet? Or just going to spew more unfounded allegations about superior alts?

In fact, they can't but they don't dislike the fact that they can't. 

Excellent! .... I think it is natural that the most popular nightclub would have the longest queue and that the problem will only shift to the next

Altcoin, when they become as popular as Bitcoin. The other Altcoins have not reached the volumes that Bitcoin has reached and will also have the

same problems when they reach this stage. {LiteCoin is one step ahead of the other with SegWit and the way it works}  

Yes, it's true but we can't change it.
After all, what we can do?
Send bitcoin transaction with low fee and wait for days?
Or send btc transaction with high fee and receive confirmations in minutes?
I learned my lesson in hard way and now each bitcoin I send with high fees.
Hopefully, this situation will change but I doubt about it.

Amazing how many BTC loyalists have no idea about BTC. No, altcoins do not have a 1mb cap per block so they won't have the same problem.

this is an answer!

guys just use waves so you can convert your btc in token and the tx are instant. Bitcoin is an old woman, beautiful but old. New coins will replace fast payments, BTC is like gold, is heavy and it cost a lot to transfer.

More miners does not mean faster transactions. It is still the same block size so the competition to mine a block will just grow but the speed will remain the same. The solution is either bu or segwit, but miners do not want to come into consensus, they are enjoying the high fees.

Which one is better  ;D
Bitcoin is not broken, it is just under attack by few people/organization who like to centralize bitcoin network with their alternative bitcoin clients full of bugs.  ;)

Many newbies are getting into bitcoin after seeing massive price growth on bitcoin but they try to save even a small sum of bitcoin for fee that adds more transactions to mempool.

Man you sound like a Christian trying to rationalize away evolution. No one is attacking BTC, it's just outdated.

Its not that big of a deal until one of your own transaction get stuck and it it ends up costing you money. I am now among the ranks of those with a stuck transaction. The media is going to have a filed day with this!

This is really getting out of hand and something really needs to be done by the shakers and movers of people in the crypto world because that figure will just continue rising then it will get to a point where no one will bother about sending through bitcoin. And no one should come and talk about low fees because not all those people making those transactions will avoid send the required calculated amount for sending such transactions.

BTC99.2 worth of transaction fee and transactions amounting to 125 MB are currently stuck now. This backlog is going to take at least a full week to get cleared. I am losing hope now.

I had an impression that things are improving but this numbers are realy crazy. Since I've changed the wallet where I can control the fees I don't have such problems anymore but seems that large number of people are not aware of fee policy or the problem is much deeper. Hope this will be settled soon otherwise many people could abandone Bitcoin.

Not broken?  Really?

When a transaction is stuck for days, it's broken.  And I can't increase the fee because of my old version of MultiBit

They can however make a first step by stopping with signalling fake BU support, and start looking for a move forward by allowing SegWit to activate.

Another thing that might help is that certain pools need to stop with spamming the network to boost their income through fees ~ it's a dirty practice, really.

Bitcoin is broken and so is your thought process. So how do you bump the fees? Send more BTC from another wallet and get that stuck too? Keep your head under the sand.



So it looks like those paying maximum fees on electrum who haven't enabled or don't know about rbf, in other words almost everyone. Currently, they're stuck indefinitely at the 100 s per byte. But it seems to be clearing slightly. Asia should be in bed and the Europe should slow down now so at least the longest bar here https://bitcoinfees.21.co/ (https://bitcoinfees.21.co/) should start to shrink.

that is why Bitcoin is not as good as many people think and soon it will be replaced by another cryptocurrency which is better and stronger and can maintain a huge number of users everyday

Name the coin of your choice, then imagine that this coin has bitcoin's user base and number of transaction per day,
add unsolicited use of blockchain and aggressive spamming and I am sure that your coin will crumble very fast.
Bitcoin is growing fast, but we have still use the same initial parameters. We need  SegWit + off-chain scaling.

Show proof. I'm watching block chain explorer and I see no micro transactions. How are they clogging the network full of high fee transactions? You're either really stupid and believe what you say or are a little stupid and think we will. What you're saying is being done can't be done.

Dash, gets hit by DDOS attacks, survives and can scale unlimited amounts. Has a superior algorithm and has masternodes to back it up. Bitcoin isn't being attacked by micro-transactions. It hasn't been attacked since the minimum transaction limit was put in place. The only way to attack would be to spam large fee transactions. That would cost a huge amount, even a no fee ddos costs a fortune.

Well, bitcoin transaction is over now & we should take another cryptocurrency but which is better or best crypto as a alt of bitcoin you think that will take a part of next bitcoin?

Unofortunatly that is what happens, some people just spam their transactions over and over again. I get it we are all frustrated but what do people have when they are sending transactions that are not that much necessary. This is just an example of somebody playing around, check this out https://blockchain.info/address/11eX8w8oF1zgAbCyGFKNGCsR7Srxvkzya spam transactions right there as you can see these transactions are all heavy with their bytes... maybe even some miner does this and mine those to raise the fees it wouldn't surprise me if they do it...



Litecoin, Dash and ETH could replace bitcoin from this moment. I'd bet on LTC if nothing happens with scaling soon, which I doubt.

The most clear comment under this thread. Yes, there are negative aspects of bitcoin currently, but providing a solution to these problems are inevitable.

Bitcoin needs to scale and when it does it'll be able to sustain huge user base/transactions. as "slark" said we need SegWit and off-chain scaling. bitcoin won't be replaced by another cryptocurrency.

Well, litecoin is identical to bitcoin, but runs 4 times faster, and has hence 4 times more room.  All the rest being identical, I don't see how litecoin could crumble faster than bitcoin.  

Monero has self-adapting block size, so you simply cannot spam the block full.  You can spam yourself poor, and the blocks would increase until you're out of money, to retract again afterwards.  Moreover, monero hasn't (for the moment) any ASIC mining industry, so even though the block chain would be bulkier, and the verification much heavier, there's no structural limit, only technical costs.

Ethereum is evolving very fast, because its protocol is still entirely centralized on the Foundation, and they will never have wars like bitcoin, because they have no serious principles left after their history-rewriting hard fork.  But sometimes, bastards without principles are much useful than pristine systems with design flaws.

Finally, if you only need a swift payment system, and you don't care about speculation in the long term, but just want to be sure to get your thing done, and be sure that you will always get your thing done, there's centralized ripple.  It works like a charm, and there's no danger of Chinese maffia taking over or whatever.

I'm not entirely sure, but what is labelled spam on bitcoin may very well simply being the thing that bitcoin has been boasting for years, namely "the most secure blockchain in the world, the ledger that graves everything in stone", which has been used a lot by other applications, for exactly that.  So all this "spam" is maybe simply other applications graving their thing on the "eternal block chain".

Bitcoin is the very first crypto currency, and it contains a lot of design flaws, of which the principal flaw that one is now being hurt with is the fact that it has a hard limit on block size.  Nothing would stop bitcoin to work with bigger blocks, but that is now frozen in.   But there are many others.  Its emission curve is a disaster, making for speculation more than payment system, and its proof of work has separated industrials from users and is a huge waste of electricity and hardware for essentially a problem that could be solved in a totally different way.  So thinking that because the Ford-T of crypto cannot handle it, no modern car can handle it, is crazy.  

Ford-T of crypto - so apt.

I'm in, my transaction is one of those unconfirmed and it's already a day, okay I'm into the unconfirmed club and this is my first time to experience this.
No, I'm going to stay with bitcoin even with this problem I know this will get some solution in the near future and I don't have choice but to keep on waiting for my transaction to get some confirmation.  ;D

Most people don't have much choices because bitcoin is still the main gateway before fiat conversion. If I have a better option I won't use bitcoin for for the meantime. Too slow with higher fees which is now no different from centralized business entities in which some of them have lower transaction fees than bitcoin.

Seems like these transactions will happen less and less once people start to understand the current atmosphere of bitcoin. You need a fee. Bitcoin is not good for moving around small amounts of money right now. It needs to change and it will. Keep voicing support of segqit and larger blocks.

No other cryptocurrency are having the same volume in transaction as Bitcoin.  Most are just being transact within a trading platform and we all know it does not went through blockchain, just a script online.  So which one will replace bitcoin?  No on are tested for scaling threshold yet.  So I wonder which cryptocurrency will replace Bitcoin.

Bitcoin was premined too though. It is currently centralized by massive mining operations in china. It has been bloated these last few weeks too.

Granted we can solve the bloating problem and the million bitcoin premine has stayed in same address this whole time. But it really is centralized by a huge few mining companies.

Nice point to touch with, most of the people don't see this.

No one will replace Bitcoin on short term. Bitcoin is the only Crypto-Currency which has full trust and reputation, there are many people who don't matter with Crypto-Currency, but are using Bitcoins because Bitcoin is someone peerless, no one can beat it now.

If there are many transactions it's because there are many people using it, somehow it's a good sign, I just hope the users don't stop using Bitcoins because the delay in transactions...

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

They'll just drop it all together if this continues to go on.

 This is becoming interesting in some way. SegWit blockers are going to ruin themselves this way, it's all clogged and fees are going through the roof.

Also, the record has been broken. lol

probably those altcoin users want you to move a bit for the altcoins, otherwise they wouldn't spam tose unconfirmed transactions. the unconfirmed transactions are still ever increasing, so wish we won't have to pay a higher fee compete them.

Most merchants just don't really worry about something like this as long as it isn't impacting their sales though. Most of them more than likely make large transactions at the end of the week to an exchange and exchange their Bitcoin and pay off whatever they need to, and it would still be cheaper than using other means for them. They don't have to worry about being charged $0.85 because it would be a lot more if they used other mediums like credit cards. They're still happy.

I dunno. It's now fully integrated with Coinbase which removes a lot of friction. Bitpay is a different matter but these people are in business and they're not going to tie themselves to pointless ideology and sentimentality when there's money waiting to be made.

It could happen considerably faster than we expect but only if there's demand. Right now I can't see much evidence of the desire to spend LTC.

When it comes to wages I assume plenty of them are going straight to dollars. In that scenario people won't really care what coin it is as long as there's a dollar portal.



It surely must be right now for the more modest stuff. Why would you bother buying a Steam game when the fees eat up a quarter of the cost?

Can anyone tell me how to get these through NOW?!  Without changing wallets?  NOW. Wonderful Bitcoin is costing me hundreds and thousands because the fucking transaction won't go through in a reasonable amount of time.  I have about 20 BTC now, and at this point I am really hoping it dies because it deserves it.

If you think so, please donate all your bitcoins to me and I will take good care of them, I assure you! And for the unconfirmed transactions, I believe they are mainly because of no or low fees. I have made a transaction today from my offline wallet and it went through smoothly as envisaged. I haven't faced any problem.

However, for the small amount the transaction fees is really high now which may discourage some small time earner to use bitcoin and look for other alternatives. But for high value transactions, even if the fees is higher, it will going through smoothly.

For BTC accepting merchants selling larger value items, my guess is this won't affect sales at all.  The only thing I have ever bought for BTC was gold.  My timing, however, was not so great.  Buying with BTC only cost 1% more than wire transfer (which has its costs), so if you want something like that fast, BTC still is a winner.

providentmetals.com (http://providentmetals.com)

jmbullion.com (http://jmbullion.com)

Donate?  No. Transfer?  YES.

Give me a reasonable amount of ETH, LTC, or even others like NXS, and I will trade you it all right now.  Let's go.

Well, what's the solution BTC maximalists?  I can't get this through for DAYS?  Come on, this is such a great technology!

If they would accept BTC and LTC, the world would be safe and we could just use BTC/LTC from BTC/LTC dual wallets. BTC to buy LTC or a car, LTC to pay for shopping at the mall, and LTC-on-LN for coffee or similar microtransactions.

Or we can just wait until scamtokens like XRP use the "Paypal effect" to rekt the world of crypto.  :( :'(

Don't even get me started on the Satanic Federal Reserve Ripple.

COME ON losers, get my BTC through!  These chinky miners care nothing about anything, except their own bottom line.  They beat and eat dogs and cats, then rip us off with BTC.

Electrum, Mycelium, NO WALLET WILL IMPORT MY BTC from an old wallet and let me send it with an increased fee.  Period. It's not there.

Bitcoin=Shitcoin now.

If this ridiculous situation ever resolves itself and I can actually send ONE BITCOIN and have it go through in a DAY, I am dumping all BTC.  This is INSANE!

EDIT: I wanted to put 1 BTC into Bitbay.  It's up over TWENTY PERCENT right now. GO BITCOIN!  You're so great!

At this very moment, the number of unconfirmed transactions is increasing like a mad man running from zombies.

https://i.gyazo.com/7e9ef3f98591ab3fd9c0ec11716049a9.mp4

It's standing at 202.5k now and it's increasing about 100 per minute !
What's going on?

Something has to be done.

It's true that everyone is facing difficulties with the confirmations  :'( past few days.

What possibly could the reason be?

Actually no, this is a good stress test of the Bitcoin network and codebase. :D

It's definitely the highest I've seen so far. 

Has anyone performed analysis on the transactions similar to what happened when the blockchain was spammed (https://bitcointalk.org/index.php?topic=1776143.0) prior?

The same i guess the blockchain was so full of transaction and the system cant even handle it so i guess the bitcoin blockchain need a bigger one for a increasing number of bitcoin user so probably we need like what is happening to my transaction normal i just take 12 hours to confirmed and that just okey but it almost take 3days and still not confirming so sad thing we need another currency no minimixe the bitcoin usage i guess.

Can we all just stop bitching now and fix the god damn issue, whether its a temp fix or what ever the fuck needs to to be done to progress bitcoin then do it, NOW!

People are moving away because of this, what the fuck 209k unconfirmed transactions?? $40 FEE to send a $400 fucking payment?

The community need to do some big changes to handles this transactions.
This can't be happening, this could mean a possible "death" to Bitcoin if they don't fix this shit.

I hope people stop this war between BU and Segwit and start solving those problems.

Maybe in a world where a cabal of miners (BitFury, BTCC, Slush, F2Pool) seem to be holding up on-chain scaling for bitcoin. Who are they connected with? Are they long time private money advocates? Early adopters? Or are they some bankster creation?

That is exactly my fear about this whole thing. I really do doubt it is a cabal of bankers and stuff. But I do understand how easy it is for absolute power to corrupt absolutely. Even if the miners have good intentions now doesn't mean they won't sell out 4 years later when BTC is worth tens of thousands each or more.

For now I am not concerned about the miners doing anything beyond loving their high transactions fees, later is when I worry.

Sounds like you have a lot to learn.

You don’t know? Where have you been? Bitcoin has raised in price with such a speed that it has been difficult to even get our prediction about the price of bitcoin, the confirmation time is going to be resolved eventually, and then bitcoin will be unstoppable.

Bitcoins here in this thread and this situation is not broken at all,its the network manager who is,bitcoins is just undergoing blockchains services because of transaction,its the blockchain who is broken at this time and not bitcoin at all.Besides this lots of unconfirmed transaction is mostly caused by spam attacks in the network

That Teethow is a newbie with one post so I don't know if he's paid or ask to do this kind if thing like degrading the morale of the Bitcoin community and we can't exactly pinpoint as to who would really benefit from this.

Bitcoin has been in the online world for a long time and faced myriad of attacks in the past so this one is just one of those. Now that the Bitcoin has gained its momentum in rising in much higher ground so the developers would not just sit around idly and just quarrel over because Bitcoin's sake is their common denominator so if they fail in fixing this then they will lose greatly also. Let's just look forward that this problem will be solved anytime soon.

Please enlighten us oh wise one!

I can't speak for him, but for myself...

Is LTC a bloated, insecure, premined coin?

What about NXS?

Really a very fantastic number of 200622 transactions not confirmed, What happens to blockchain ??
Yesterday my transaction also failed, and I really need money.

Exactly, in fact there are many altcoins out there which better than bitcoin as a payment system i don't know why maybe less popular or something. Well i usually top up my mobile phone  using bitcoin about 2 dollars or so but now not anymore due to the confirmation time is very slow and high fee also i don't wanna be a burden to the blockchain. So for this reason i think we shoud not making small transaction cause bitcoin isn't suited for doing so. I hope this scaling issue will be fixed soon.

This is the fun part in a decentralized system: there is no "they" that can fix it.   We're not used to think that way, without a big boss to whom to complain.
There is no big boss any more.

This is an unresolved complaint because it will make the transaction becomes slow and eventually make us bored to wait. the problem of confirmation must be immediately resolved because users will continue to grow.

Bitcoin unconfirmed transactions maybe the reason why we needed to switch with other coins, Because in my experience some transactions are taking days to be delivered in my wallet so in that case I switch into the ETH because the transaction there is faster than bitcoin but of course when I am withdrawing money I am using bitcoin.

Using altcoins for paying and get paid is the solution I am also into it, but it must be temporary, finally I too need to go back to bitcoins for cashing out. When cash out, I need to pay around $5 worth of bitcoins for network fee which is really not a affordable amount for me. I already started losing profits due to this big head ache.

Xapo wallets also started to charge users for sending out transactions so it is really hard time for the people who are depending on bitcoins for daily transactions. I wish scalability issue to be solved immediately so that we can prevent unconfirmed transactions to hit another record of 300k or 400k.

You can use any other currency, however, bitcoin is still widely used although it is slow. You just look at one side, you only see that the bitcoin is slowing, but in fact it is faster than all the other coins. It has to bear a huge trading volume that no other currency is facing.

guys , one guy scammed me with double spend transaction .is there any chance for getting it confirmed?

This is such a disappointment for bitcoin and this kind of problem might drag bitcoin down and make other people in panic and make their mind set that bitcoin is not a reliable currency and eventually sell their coin and get out from bitcoin. If this problem will not be fixed and let say that the unconfirmed reached up to 500k then it will be a very big deal and people will start to get out from bitcoin. Good luck to the team and i hope that they will fix this soon.

Now they have problem to get out becouse coins sucked on chain forever. (2 weeks)
If miners/devs won't solve problem it will CRASH BTC HARD to sub 1000$ : ), who will buy such shit coin ?
Dominance is falling below 50% give alts more time and we will welcome new king soon.
I hope they will get some solution soon.

Always been a Bitcoin fan but today I'm really, really pissed  >:( It's my sister's birthday and she wanted Sims 4 so I paid for a key on Kinguin fucking three days ago! And the transaction is still stuck.

What's worse, I paid the recommended fee that blockchain.info automatically adds and normally my payments go through within 5-10 minutes when I pay the recommended fees. I just ended up paying for ANOTHER key using good old PayPal.

Same with my a-ads advertisement campaign. The funds are just stuck for days. Meh.

https://i.imgur.com/egcOYsj.jpg

Right now its a tug of war going on between Core/Segwit and WU&Ver/Unlimited. It is not going to be settled till one of those sides accept defeat and retreat and it will only harm bitcoin while these are happening.

When Unconfirmed transactions become 500k and bitcoin unusable, both sides will have a huge loss.

It is no brainer to say WU/Bitmain will be the ones who take the biggest loss out of this mess. If they insist on BU, the whole bitcoin business will be destroyed along with bitmain. Before this happens however, they will tuck tails between their legs and accept segwit.

It is because core devs don't own thousands of miners, they don't have investments in that business. All they do is developing.

Just wait until the unconfirmed transactions double from their current amount and the recommended fee is the equivalent 20$ per transaction and no one will be laughing, except maybe altcoiners.

205600+ unconfirmed transactions right now and it looks like increasing. I dont think people will ever leave BTC for this purpose as the value of BTC is too high for that. People need BTC to trade with all the altcoins so it is near to impossible.

Could be a last ditch effort by BU to spam and confuse now that the writing is on the wall.

https://twitter.com/ckpooldev/status/865188614082150400

your first mistake is using a web wallet and worst of all you are using a buggy web wallet.
blockchain.info is suggesting the same fixed fee as it was a week or a month ago irregardless of the current appropriate fee.

your other mistake is not doing a research when using bitcoin. it is not like a bank to run to them with any problem. with bitcoin you are the owner of your own money and fully responsible for it. so you need to learn a couple of "how tos" such as knowing how fees change. and what wallet is a proper wallet with no bugs like what blockchain.info has.

I didnt know that there are wallets have been use that have still some bugs that you are talking since ive been using quiet lots of online wallets and finding bugs would be on rare cases.As a bitcoin user we do really already aware on the fee and its just commonsense that putting up high amount will confirmed much faster than those who put smaller ones.

if you find a bug in blockchain.info (for example this fee suggestion which is always around 120 satoshi per byte these days) you just found it and no matter how many times you report it, the bug stays.
if you find same thing in another wallet, like electrum and report it, the bug will be fixed within days.

that is what i mean by "proper wallet"

Im getting tired of the delay over the bitcoin, i dont know when they thing to solve all the issues at once, because its getting frustating to be forced to pay a big fee, to compete with others transactions, in the future fees will replace the rewards from mining, but actually looks like miners wanna get more fee then blocks.

All the merchants that accept bitcoin are not going to wake up and just start taking Litecoin or any other coin. They would probably just watch for a while before making any decision.

Yeah, I am really amazed on how much I have to pay for a simple transaction just to have it confirm in the next 30 minutes! This is getting out of hand and we really need to do something. If bitcoins do get massive adoption then this would be a great problem.

What do you refers to? confirmation or scaling?


You'll never see it as soon as possible.
https://coin.dance/blocks

Looks the fee gets decreased. Miner will take a lot of advantage from this thing. This must need get resolved.
But the possibility will disappear.

More proposal were appearing. The votes will get divided among all of the proposal.

Unfortunately already now many shops refuse from using bitcoin because of a problem with transactions. This is a big problem that needs to be addressed. Altcoins do not yet have such a problem

Be happy with what you have earned. Don't promote these kind of scams. As a brand new member you might have got trapped under some scams or else you might be lucky to get little amount of bitcoin for the promotional purpose. This is all about the ongoing transaction issues where more than 200622 transactions stuck on the network. During the past time of price increase it was found to be more than 90000.

BTW it's even get worser. Now 215k.

my last transaction paid .46 and took 2 days. how much worse is it going to get?

It always get worse before it gets better. Hopefully the miners realize what they are to doing to bitcoin is bad and may result to bitcoin dying so they can activate whatever they need to activate to get out of this mess.

At least you were lucky that it got confirmed in the end. I am seeing posts by newbies here, complaining about the transactions never getting confirmed. It is a very delicate issue. For example, someone purchased stuff for Bitcoin. The transaction got dropped, and the coins went back to the sender. If the sender is not honest, then he is going to keep the coins with him.

Tsk Tsk how many times can we see that the transactions have been all confirm, this is simply occurring because there are many users that are just giving small fees and are still pushing it in the Blockchain even thought they know that the fee's are too small to the usual needed fee's to settle before Blockchain confirms it, and I have known a friend his transaction hasn't been confirm yet and it is almost 2 weeks now and the provider of that bitcoin always keeps on pushing the transaction with a smaller fee, how sad that the transaction was almost stock for almost that long!

Yes, the record was 150k last week and now it's about 216k. With 60k unconfirmed transactions last year, the case was even horrible back then and we had to set a miner fee of about 100 sats per byte while before that 50 sats was considered a good fee. Now it's 200-220 sats per byte and still we need to wait for an hour while some exchanges force a 500 sats per byte fee to avoid delays.

But more than 50% of unconfirmed transactions currently in mempool were created just with the intention of spam attack as they were included with the transaction fee below par. If this continues I am afraid may have 300k as a new record by next week itself. As long as this type of spam transaction attack continues, there would be no meaning of maintaining any tracks of unconfirmed transactions as records.

this definitely isn't the bitcoin that i remember. the soft fork needs to happen. unfortunately, there's no way to know if this is actualy spam transactions or whether theyre real transactions. the unfortunate part is that now hashflare is charging an arm and a leg to withdraw, as i'm sure most other service providers are doing, as well. *sigh*

You think it will really get that bad? Gulp!

Situation isn't ideal, I agree there, but on the other hand, it's not really a surprise if you think everything through properly. In most cases spam transactions are easily identifiable, but that's not really the main problem. The real point of importance is who and why are they spamming the network with nonsense transactions, and what can be done to stop them.

Reasons could be --

BU spamming the network (very likely).
Pools spamming the network (very likely).
An entity trying to force the price down (likely).
An entity trying to make people move to alts (less likely).

This doesn't make sense. The blockhain's/miner's capacity doesn't increase with the fee.

Given the current (and all but surprising) demand, the system is congested by design and things aren't likely to improve soon.

This is unsustainable. My friends and I have not been able to make any BTC transaction in days. This can't continue for too long

I don't have other option and I won't shift to any other copy cat of bitcoin. And just for the reporting I don't know what exactly the time of my transaction was confirmed. I'm not giving myself an headache to think about the slow confirmation and high fees. I'm trying to become calm all the time and being contented with my transactions.

How bad will it get: https://bitcointalk.org/index.php?topic=1923931.new#new

Bitstamp just crossed above $1900.    8)

This is issue is getting bad to worse as long as the community doesn't have a consensus and an scaling solution doesn't get implemented there is a good chance that altcoins may replace bitcoin.
Bitcoin is not good anymore as an micropayment but instead it's good for sn long term investment an haven to store your assets. Im sure will get through this.

i think we should make warning light for the new enthusiasts in crypto. Even it's shown and public and verified by genious developers, There is a lot of problems in the transaction process and also in stake process. I can't deny that i can't trust holding big amounts of crypto in the most trusted wallet ever, neither sending big amounts too.

I read all the thread above and i really can't understand what is the real problem concerning those incofirmed transactions. Last week i had towait four days before recieving 75$ in BTC and i didn't even know what to do if this would last for more time. 

In all honesty, we have reached the point where I cannot recommend Bitcoin to any prospective newbies.  New entrants into Bitcoinistan are the heart of growth prospects, but it looks like the unwillingness of the two parties (Wanker Miners and Wanker Developers) to sit down and forge and agreement are hurting Bitcoin.

Maybe killing Bitcoin.

Hey!  If BTC keeps going up, and the fees and unconfirmeds go WAY UP, I'll just cash out BTC and buy gold with it.  I've made a NICE "paper" profit so far, but I tire of the drama, and I bet many others tire of the drama as well.  But gold w/ BTC from the below respected companies:

jmbullion.com (http://jmbullion.com)

providentmetals.com (http://providentmetals.com)


EDIT: 237,700 unconfirmeds........

It's bad that this is still happening, there are too many transactions every day, people can not do it fast. I have waited 4 days for my transaction to be confirmed, and I feel lucky that it happened today. Waiting is bad.

Indeed,

Nothing to worry here, just noise..  I'm still a buyer !!

Just a curious thought : Why people don't care if they need to pay high fees or wait few days for their bitcoins to transfer? Are they out of their minds?

Like really nobody cares as long as the hype is building up with price hitting the all time highs over and over again. We need to solve transactions ASAP, but people tend to put that under their desks because they don't care... Is this a future money? As price goes up and up we will end up paying high fees even Western Union or Moneygram transfers will cost cheaper at end.

ye who cares if the expensive product youre buying actually doesnt work anymore rofl

235800 and rising that is a lot of blocks waiting for processing.
On average though I see at least 1 BTC being the average send with a few 0.01's mixed in with a fair amount being between 0.4-0.7 BTC so surprisingly a good portion of the new transactions are not dust.

Someone needs to give in, either segwit or BU needs to be implemented now.

Well, the one good news is I seem to see fewer empty blocks down the page of 50 most recent blocks. Used to be quite an unhealthy number of them there. Still, at about 3.5 empty blocks per 50 that's still more than 5% capacity that could have been used.

I have sent bitcoin from my wallet to an exchanger but untill now it is not getting  confirmed i paid higher fee though. It must be those people paid higher fee than me since higher fee you provide then fastest confirmation you get right? I've tired with this situation bitcoin will not be adopted if we still got this issue we need something fast and of course cheap. Bitcoin might be perfect as an investment but as payment system well it's kind of annoying. I wish my bitcoin come to my wallet soon before they dumped the price.

Welp guess what? i also has one unconfirmed transaction  :D. Pay about 130 satoshi/byte for the fee (the recommended one) at the time i sent it and almost 1 day still unconfirmed. Fortunately this one only small amount of money and not so important. How many days i have to wait until the transaction got cancelled?

Depends what type of wallet are you using, if the transaction is not rebroadcasting from a node I think that 2-3days need to pass from it to be forgotten. You can also try to double spend it with a higher fee if you need the transaction to confirm faster.

And you can try using special services that help speed up the transaction. Some of them are free. I sometimes use them and transactions go faster

What service is that ? wow, i never know they have some service like that and its FREE ? please show it to us. Actually my last transaction is confirmend within 3 days with 0.0007 fee. it's sucks though.

Yes there are services for us to accelerate our transactions.

This is the free one: https://www.viabtc.com/tools/txaccelerator/
This is the paid one: https://pushtx.btc.com/

Free is usually not available anymore because it is free and everybody started using it. You can always use the paid one though.

I think he's talking about viabtc's transaction accelerator that's the only free service I know but it has a limit. They also have a paid one(manual accelerator) but it costs 0.01 btc per transaction. Check this (https://www.viabtc.com/tools/txaccelerator/) to know more about their service.

Thanks for that info!  I've heard of the sites that re-push a transaction, but I hadn't heard of the accelerator service from viabtc.  I've saved that info away in case I need it sometime.

I usually include a big enough transaction fee to get a decent confirmation time these days, but there were a few times in the past I could have used it.

That site is a very nice site because it helps me a lot when i only put an average fee on my transactions just after a few minutes after i send the transaction, it gets 1 confirmation which is good and after like 30 mins, it gets the second confirmation. That site helped me a lot and saves a lot of time and also money because i don't need to pay too much fees.

It's not that simple.
You can put in a fee that will probably get you confirmed in 24-48 hours.
But once you've done this you have no certainty that in the next 24 hours a new wave of transactions with 50% increase in fees won't appear and yours will be pushed further back..and further until it gets dropped.

This is actually what I like about bitcoin.
Pure supply and demand.

What is the best coin to move funds between exchanges nowadays?

I am saying about the transaction fee that are needed to be confirm by Block Chain, if the sender would just give a small fee and it will not be confirm by the system, then days would past if the transaction would not still be confirm instead of returning it to their wallet then putting a bigger fee, they would just keep on pushing a small fee on the transaction I think some are keep on doing this that is why the number of transactions like that.

New record but for sure if bitcoin survive and we can still use it in the future we will a lot more unconfirmed transaction,
We just have to wait and see where it will get us just hope that it will be back to normal soon.

There is no normal in the Bitcoin space unless you call constant change normal. The industry morphs every six months or so. So expect more twist and turns and expect the unexpected. That is what makes this so exciting.

BTC needs to find an issue to the scaling problem if they want to remain #1. Does anyone know when rootstock will be implemented ? I think they can overcome the issue of block size if i am not mistaken ? Right ?

The forum is saturated with posts about the scaling issue. Until the market signals ist fed up by dropping the price nothing is going to happen. When the price drops watch and see how fast they move.

bitcoin unlimited is solution about much unconfirmed transaction
or another solution must incraese blocksize

Neah , no threat here.

Fees are high, blocks are full people say you should use other altcoins...
But in reality how many are using alts?

Let's take a look at LTC:
http://ltc.blockr.io/

150 transactions in 30 minutes.  compared to 6000.

By the time alts manage to get close to BTC the nephews of the current devs will reach a decision.

150 transactions in 30 minutes is 7200 transactions a day.
That's about where bitcoin was in 2012.  5 years ago.

Remarkably, the price of a BTC then wasn't very far from a LTC now.

If the price were to drop because of the scaling issues it should have already had an affect already because the impact of these issues started a few months back ,instead the price is breaching new territories and resistance levels with ease.It is really frustrating to see that your transaction is getting delayed,but as a common man you really cannot do anything other than to pay higher fees for transactions.


First and foremost let the developers of unlimited learn how to code and be able to write a code that does not crash every now and then and after that we will determine whether they are capable of handling anything major.

That is a fascinating observation and consistent with the fact that the real value of a currency is in its economy and take-up, not its technology.

I can no longer move around small amounts of bitcoin. Now to get my transactions through in a reasonable time frame I need to spend between one and two dollars a pop. I went to send 0.02 btc  this morning and didn't send it for this reason as the fee was going to be too big.

Lols, so LTC is after 5 years at the level BTC was after two years.
So it is twice as fast in transactions but twice as slow in addoption.

Following your logic it will arrive at the current BTC level in maybe 22.5 years.

Whether the reason for this is spam or not we urgently need a solution. People against segwit should point to something better, if a better solution exists.

him only big scammers in many forum i ceck him https://www.epicnpc.com/threads/807935-List-of-scammers-and-skype-impersonators-of-The-Integrity

It's more than 3 days now and my $8 worth of bitcoin with a $1.7 worth of bitcoin fees is still pending in unconfirmed transactions, I paid the fees to expect 60 minutes of waiting time, but that's the way the bitcoin works as of now.

For a real currency, that's obviously the case.  This is given by Fisher's formula.  The amount of economic value bought by a fluid currency determines its market cap.  Of course, the tricky thing in that equation is the money velocity, but a fluid currency has a velocity of the order of a few units to a few tens of units, unless it is a very very fluid one.

In Fisher's formula, we have:

Q = the economic value bought with the currency (and hence, indirectly, the economic utility of the currency system itself)

P = the number of currency tokens for a unit of economic value (in which Q is expressed, for instance, "Big Mac": P is the price of a Big Mac in the currency at hand ; but we can also take "dollars", if we consider dollars as representative for economic value in the short term, which is true)

M = the monetary mass (the amount of currency units in circulation)

V = the monetary velocity (usually between 1 and a few times 10, or bigger if it is just a "transition token").

Note that the "price of a currency unit" is 1/P.

Fisher's formula is :  Q . P = M . V, from which:  Q = V . M/P

Now, M/P is what we call the market cap of the currency.

So we see that normally, the market cap of a currency should me the economy bought by the currency, divided by the velocity which is 1 - 10 or bigger if the currency is transitional.

In other words, the market cap, times 10 or so, should be the estimation of the economy bought by the currency.  Well, *no crypto ever did that*, which indicates that no crypto's price is ever driven by its usage as a currency.

No, bitcoin's yearly economy bought as a currency is not $300 billion.  If bitpay is an indication, we're on the order of $300 million a month, or maybe $3 billion a year.  
But bitpay indicates QUICK velocity.  The holding time is not of the order of a month, because the conversion to fiat is done quickly.  This would boost velocity even further.  So grossly, you could say that bitcoin, being an "intermediate currency", is supposed to have higher velocity than fiat currency that is "kept through the month when spending one's salary".   The bitpay model would indicate velocities that would get closer to 100 than to 1.  That would mean that, if the total economy of bitcoin is, let's be large, 10 billion a year (the amount of stuff really bought with bitcoin as a currency), bitcoin's market cap should be $100 million.

So we see that no crypto currency's price, and especially not bitcoin, is driven by its "economic value as a currency".  It is PURE SPECULATION.

And that's because of bitcoin (and all crypto's) speculative emission curve and the absence of price stabilizing mechanism (on the contrary, all of them hope for "moon").  This is what makes me conclude that the currency usage of crypto is not considered by the market.

In 2012 (the value I took was April) bitcoin was already 3.5 years old. 
LTC was launched end of 2011, so today, LTC is 6.5 years old.

Of course, you can say that bitcoin didn't have competition during its first few years, while LTC has a lot of competition, from bitcoin and other crypto. 

Bitcoin cannot be used for micro transactions and that era is over a sometime unless and until there is a big time change in the network and we really need the upgrade to settle things up and i really would like to see bitcoin like i know in the past where i am able to send micro transactions and lower transaction fees.