The reason is very simple,people can not use something if service provider(wallets,exchanges) do not support it.Unfortunately almost all the wallets/services working on it quite slow and we do not see any bigger results.Two most famous hardware wallets Trezor and Ledger have support for SegWit for some time,and most used desktop wallet Electrum enabled SegWit in version 3,but this version have problem with Windows version 7&8. There is a list of wallets/services on BitCore site but it is not updated for some time : https://bitcoincore.org/en/segwit_adoption/I hope that we can see more support for SegWit in next year,and also Lightning Network.With this full enabled transaction should be fast&cheap. |
|
|
|
We all can see how is this affect BTC,it is going to 10 000$ level very fast because day by day it is only even more unconfirmed transactions and in this moment end of this situation is not in sight.As some have noticed this is just another attack from Roger Ver and his buddies in an attempt to show that BCH is real BTC. It all start whit news Emil Oldenburg founder of bitcoin.com sold his BTC and invest in BCH.It is no accident that he is sold at that precise moment because price is so high,and then with that money he buy BCH.So they use BTC as weapon agains BTC and I bet they will buy back some of cheap coins for some next attack. In the same time BCH is added on Coinbase,and number of unconfirmed transactions is exploded.They hit BTC where it is most vulnerable and now we have 300 000 unconfirmed transactions. I'm looking at that block chain you mentioned, but even though the transaction was small they still paid $29 to send $0.38 cents. Why, I'm not sure, and this transaction, because they paid close to 700 sat/byte got confirmed. I figured if they wanted to clog memory pool they would send a transaction with a really low fee to remain unconfirmed. Am I missing something here? (and yes I am really new at this so please be patient with me for explanations, sorry). Some miners who working with BCH crew probably sending such transactions,they have money and it is not problem for them-some of fees will be probably return to them anyways. |
|
|
|
Hi there, I have an old multibit wallet (there are 3 files, a file.wallet, a file.key and a file.info). I've tried importing to Electrum using the following video, but without success: https://www.youtube.com/watch?v=LaijbTcxsv8&t=2sWhen I enter the key details in, the 'next' button is greyed out. Any advice? You can not import private keys if they are encrypted,do you still have Multibit or only files? Second reason is that you maybe do it on wrong way and copy/paste something else besides private keys.So you only need to copy private keys without dates and times behind,one key per line. |
|
|
|
I have the exact same problem and I would really appreciate any help/advice that anyone can give. I've been out of the bitcoin loop the last year and once I found out this week that Multibit HD was no longer supported I tried to transfer my coins over to another wallet.
This was 2 days ago and my Multibit HD wallet is saying that the coins are sending yet there is no transaction found on blockchain.info or any of the other databases.
I understand the blockchain is experiencing large backlogs but I'm concerned as the transaction is not even showing up on blockchain.info. It is as if the transaction was never sent yet the wallet says the coins are gone.
Should I follow the advice of HCP above and ignore the current transaction and import my keys into Electrum?
Thanks to anyone who can help.
The best advice is to follow advice of HCP,and you should not even try to send BTC from MultiBit HD.So best thing is to import your seed in Electrum and then you will see what exactly happened with your transaction.Be sure to download Electrum from legit site : https://electrum.org/#home and to follow the procedure.What is most important, that while you have your seed&private keys your BTC is safe. |
|
|
|
I can say I'm pretty optimistic as for next year and the future regarding BTC.Perhaps for some people now everything looks pretty bad because price is drop hard and fees are so high,transaction are very slow,but if we look into the past this is nothing new and is quite normal in the world of cryptocurrency. I remember days when BTC is worth only 200$ and even 1000$ seemed pretty far away,now we are above 10 000$ and when problems with high fees and slow transaction be resolved it will be difficult for someone or something to stand on the road to further progress of BTC. From 1-10 my optimism is very high 9,the next year will be even more interesting then 2017  |
|
|
|
|
I just tried LN on Starblocks and it is working perfectly,this is something what will change transaction speed almost to perfection.I hope that will become available as soon as possible because the current situation looks pretty bad in terms of transaction speed and very high fees.
Since three independent teams are working on this I think we will not wait too long to see LN in full action.I think this will be a big event for BTC,and that the situation we have today becomes just a bad episode from the past.
|
|
|
|
Glad that I reached the Legendary rank for the first activity reset exceeding the 775 minimum. Lucky enough?  I think you should play a lottery or something like that,luck is definitely on your side In my case still nothing about the new rank and I am crossed 900+ activity,but I know it's just a matter of time-maybe Santa bring something legendary under the tree in next days. Anyway, congratulations you've become Legendary |
|
|
|
hi, im new here. but i have a major issue right now, i have electrum wallet version 1.9.4 (since 2013 and i thing the last time i open the software was in 2014) with my BTC inside and don't know how to update, and what is necessary for me to not lose my BTC.
i have my seed (12 words), do i need to make a backup of some sort or something? btw im on mac
every help is appreciated, i haven't found the answer to my question, so thats why im posting. thanks
Since you have your seed you do not have to worry,it is most important thing to protect your BTC(in case that seed is correct).Just in case before you do anything make a copy of your old Electrum wallet.dat file.To find that file -- On Mac: Open Finder -- Go to folder (shift+cmd+G) and type ~/.electrum After that you can download latest version of Electrum and try to install.I do not know is there any special instructions for upgrading from version 1.x to version 3.x like it was for 1.x to 2.x as you can read here: http://docs.electrum.org/en/latest/faq.htmlI am not sure is it best to make a upgrade of Electrum to latest version(there may be some problems with files compatibility)or to remove old Electrum files and install clean version and then use your seed to get access to your BTC. I am sure that HCP can give you better answer,but you have seed so whatever you do there will not be mistake.Also download Electrum only from official site https://electrum.org/#home . |
|
|
|
|
Considering the amazing growth in this year some users expect only that price go up and nothing else.So whenever price is go down in combination with some FUD which was launched only to activates many weak hands to sell,we can see titles that BTC is dead.
We can call this dump or price correction,but for me it is just combination of bad news,pump of BCH and 200k+ unconfirmed transactions.Not so long ago we had an almost identical event when Roger&crew start to pump BCH and miners turn to mine BCH,causing BTC price to drop from 8000$ to 5500$.
It is realistic to expect that the situation will resolve again like before,but that we will see something like this again.Only Lightning Network in this case it seems like light at the end of the tunnel,or SegWit which is here but is used in a very small percentage of transactions.
|
|
|
|
|
Probable are only two outcomes of what will happens with BTC and the overall economy that surrounds it in next 10 years.The first is that it will fully take one of the main roles in terms of online payment and also become very valuable asset.The other outcome is that will not exist at all,or it will become an insignificant thing in the sea of thousands cryptocoins.
I think Satoshi is say something like this in the beginning "I'm sure that in 20 years there will either be very large transaction volume or no volume."
|
|
|
|
|
We can trust his statement or not,but the fact is that he sold all his LTC at a time when he thought the price reached the highest possible level.This does not mean that one day it will not invest again in LTC,or maybe he sell to invest in some other coin-that would be interesting.
It must be strange to read such news for the average investor in LTC,if founder is cash out it does not send a good message to holders or future investors.Despite that price of LTC is fairly stable around 330$ which is only some 40-45$ less than the highest prices this week.
|
|
|
|
Coinomi should let you "sweep" all the coins... But only into Coinomi, you'd then need to send to the Ledger (effectively two transactions for each coin, not a big deal for BCH or BTG but likely expensive and long wait time for BTC) Electrum ( https://download.electrum.org/2.9.3/) will let you import for BTC ElectronCash ( https://electroncash.org/#download) will let you import for BCH I'm only aware of BitcoinGold Core (full blockchain download reqd) for BTG as a "trustworthy" wallet: https://bitcoingold.org/downloads/Ok, so if I'd sweep my private keys into coinomi, I'd instantly have access to my BTC, BCH and BCG, right? Then I would send them to my ledger wallet. What kind of fees and waiting time would I have to expect? (And why "effectively two transactions for each coin"? Wouldn't it be only one? (from coinomi wallet to ledger wallet)) And if import my private keys into Electrum, I could use my electrum wallet on my ledger without having to send them to another wallet, right? (Or do I still have to send them to a new wallet and have to pay fees?) And then I could import the same private keys into ElectronCash, claim my BCH and also send them to my ledger wallet? I don't really care about waiting times when sending my BTC as I'm hodling anyway, but if the fees are very high (btw do they scale with the amount of bitcoins?) and if there's any potential risk involved, I'd rather not send them anywhere. EDIT: So Electrum 2.9.3 also freezes when I try to create a new wallet, and coinomi doesn't seem to have a desktop app ... When you sweep private key in some wallet this is just like you send them in transaction,you need to pay a fee for that.So in order to sweep key in Coinomi you need to pay fee and second fee will be when you send your BTC to Ledger wallet. Best way would be if you can solve problem with Electrum installation,then import private keys(free-no fees) and send your BTC in transaction to Ledger.When your BTC is safe then using same private key you can claim BCH&BTG. Why you can not install any version of Electrum on Windows 10 I really can not answer since I am on Windows 7.Try to search on internet is someone has similar problems.Also try to disable your antivirus/firewall before installation,and if you have chance to use another computer try that. But whatever you do better wait some time,network is not in good shape now and fees are very high. |
|
|
|
So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago.
You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit.
The CoFounder of Bitcoin.com has done it, what's wrong with that?  He just dump his BTC and allegedly bought BCH,nothing is wrong with that,they can do whatever they want.I do not really care what they do,their project is just attempt to privatize BTC and make fortune on that. What is wrong in this story is your statement that something is dead(again),and free promotion of your site.If you think BTC is dead just switch to BCH and use it from now on,problem solved for you and your users. |
|
|
|
|
Personally I do not want to believe that BTC price can go down to 5000$ because this will be very big decrease caused by some very bad event,like hack on some big exchange or a complete ban on use of BTC in some big/powerful world county.I think so far we have learned that everything is possible regarding BTC,it can go in both ways-up&down.
I know some people probably want to see such a development of the situation in order to buy BTC at cheap price,others who hold significant amount of BTC want only one thing,that price goes up.Can price of 1 BTC ever be 5000$,I would say there is maybe 20% chance that this may happen,and 80% chance that it will never happen.
|
|
|
|
Do you think the Lightning Network does have the chance to save Bitcoin even temporarily?
What do you mean temporarily? As soon as Bitcoin gets the Lightning Network up and running, it's death to bcash for good. Right now they are ahead because they know the only chance they got to try to succeed, is to go all in on the short term. They are planning to increase the blocksize again, they have a credit card, they got listed on coinbase, so everything is working fine for them. As soon as Bitcoin gets the LN, and it's scalability problems get solved, it's goodbye bcash, because it will no longer have any advantage over bitcoin, and it's short term strategy will no longer work. Even with this big problem of scalability BTC is still keeps its value,and it is just having bad time in this moment.It would be very strange that BCH crew does not try to use this situation to say that BCH is new BTC,and we all know how it ended last time. I do not know when LN will be available,news say it is in the final testing phase and that proved to be successful.That would be great solution for today problems,but how will miners&exchanges react on this since they only profit from high fees.We have SegWit enabled but almost nobody uses it,can a similar situation be repeated with Lightning Network? |
|
|
|
We cannot pay our members payouts via Bitcoin anymore, this is completely impossible.
We sent payments ranging $1 - $10 with fees of $2 - $6 already 5 days ago and these payments are unconfirmed.
We are going to change our approach and be among the first businesses that pay in Bitcoin Cash and stop paying in Bitcoin.
It's just impossible to work with Bitcoin anymore.
Are you guys wondering why people move to Bitcoin Cash? It's not only because of speculation, it's because Bitcoin in its current form is a dead zombie walking in Crypto land.
So every time when there is problem with BTC transaction you open such thread and declare BTC dead in some way,and also promote BCH as some new miraculous cryptocurrency.The team that stands behind BCH with their leader Roger Ver is partly responsible for this situation in a way that try to stop full application of SegWit which is activated almost 4 months ago. You can also offer your users to be pay in LTC,DASH or maybe DOGE-situation is not good regarding BTC transaction in this moment but we need to adapt and make more pressure on exchanges to start using SegWit. |
|
|
|
.. Each address that was generated by Ledger should be checked for balance ..
You can't check every address derivated by a seed. Addresses are being generated on demand. Up to 'an infinite amount'. Ledgers chrome app is 'generating' them 1 by 1. And Electrum does generate about 20 at once, and more on demand. There is nothing wrong with the ledgers chrome app only checking the balance one by one, because thats how they implemented their UI. Do you have Ledger or you just think that you know how is working?When I check in Ledger app first time without made any transaction there is so many generated addresses,probably 150-200 and now is even more.The point is that you can not use them as receiving address,because their stupid software will check just few of them,maybe 20 or something like that. It makes no sense to discuss this more,problem solved. |
|
|
|
That's a transaction a customer sent to me - it wasn't me that sent it.
I know the 100-per-hour transaction limit of ViaBTC fills up very quickly - I have tried like 10 times already, ALWAYS on the hour, ALWAYS in the very first second of a new hour ( I have made sure my clock is synced properly ) and I literally watch the clock hit the 12 mark and press "Accelerate" - always getting the "Submissions are beyond limit" bullshit.
Never had that happen before, and I've used them numerous times. Yes, if I am like 5 seconds late, it's already filled, but that's normal, I guess.
I also try yesterday few times and it is not working no matter how accurate I try to be in submiting transaction.So maybe they temporarily shut down free accelerator or someone found the way to take advantage of all the possible accelerations available every hour,maybe with some script or something like that. Considering how big problems users have with high fees and stucked transaction,for some users such service become a lucrative business. |
|
|
|
This is not a bizarre news at all if we know that he is friend of Roger Ver and that site is one of the biggest promoters of BCH.So they are again trying to attack BTC with the money from selling BTC and now pumped in BCH.Maybe that's the reason why price is drop on all exchanges in this moment, but I'm sure it will not take long that BTC move upward again. When SegWit and LN finally start to working BTC will be more powerful than it is today |
|
|
|
Ok I managed to recover my wallet, now I want to transfer those bitcoins to a new wallet (preferably by importing the private key to a new wallet) and I wanted to use electrum, but it always freezes at a certain point when I want to create a new "default wallet".
So is there another good software wallet where I can import the MBC keys?
What operating system you using and what version of Electrum you try to install?Latest stabile version for Windows 7&8 is 2.9.3 and if you are using Windows 10 then you can use version 3 of Electrum. Also check that something on your PC is not blocking Electrum,like antivirus or firewall.For other good software wallets better check here on forum,most of users use Electrum or hardware wallets-but if you have enough space on your hard drive you can always try Bitcoin Core. Always double check that you download files from the original source,there is many sites with fake wallets. |
|
|
|
|
Show Posts
