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Author Topic: Bitcoin Experiencing Network Delays since January 23rd  (Read 505 times)
ProfessionalGoogler (OP)
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January 31, 2017, 02:26:39 AM
 #1

https://themerkle.com/bitcoin-experiencing-network-delays-what-to-do/

I have experienced them all week myself no matter what service I use and let me tell you - it has effected me and my experience in a negative way.

Will something be done about it, ever?  Angry

knircky
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January 31, 2017, 02:45:05 AM
 #2

Just switch to a different coin.

Not this year that is for sure.

romero121
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January 31, 2017, 02:53:47 AM
 #3

Just switch to a different coin.

Not this year that is for sure.

That doesn't look to be the wise decision. You need to learn and understand more on switching to new coin, because among thousands of coins bitcoin and few other altcoins were popular as well have assured profiting. With new coins you cannot expect the same. Network delay happens with every coin when adoption increases than expected, so in a short things will run smooth.

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DannyHamilton
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January 31, 2017, 03:54:40 AM
Last edit: January 31, 2017, 05:20:03 AM by DannyHamilton
 #4


The story at that link is full of nonsense.  The author clearly didn't take the time to understand what they were writing about.

I have experienced them all week myself no matter what service I use and let me tell you

What you are experiencing is a delay in confirmation of your transactions.  This is because blocks are full and others are willing to pay a higher fee than you.  You get a choice with bitcoin.  Either pay a high enough transaction fee, or wait a longer amount of time for confirmations.  If your fee is small enough you might have to wait an indefinite amount of time.

- it has effected me and my experience in a negative way.

Then you have a choice. Either pay a higher transaction fee on your transactions, or stop using bitcoin (which means we'll have less transactions and the rest of us will be able to pay a smaller fee.  This is how bitcoin is designed to work.

Will something be done about it, ever?  Angry

Perhaps a consensus will be reached some day to increase the block size, but until then the market will be self balancing.  Those that are willing to pay the highest fees for the privilege of using bitcoin will get their transactions confirmed. Everyone else will move on to other solutions.
ProfessionalGoogler (OP)
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January 31, 2017, 03:56:54 AM
 #5


The story at that link is full of nonsense.  The author clearly didn't take the time to understand what they were writing about.

I have experienced them all week myself no matter what service I use and let me tell you

What you are experiencing is a dealy in confirmation of your transactions.  This is because blocks are full and others are willing to pay a higher fee than you.  You get a choice with bitcoin.  Either pay a high enough transaction fee, or wait a longer amount of time for confirmations.  If your fee is small enough you might have to wait an indefinite amount of time.

- it has effected me and my experience in a negative way.

Then you have a choice. Either pay a higher transaction fee on your transactions, or stop using bitcoin (which means we'll have less transactions and the rest of us will be able to pay a smaller fee.  This is how bitcoin is designed to work.

Will something be done about it, ever?  Angry

Perhaps a consensus will be reached some day to increase the block size, but until then the market will be self balancing.  Those that are willing to pay the highest fees for the privilege of using bitcoin will get their transactions confirmed. Everyone else will move on to other solutions.


You didn't say anything new here and missed the point entirely.  Roll Eyes
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