What's going on with BTC transaction times??

[Kakmakr]

I hope the spammer's money ran out and that it will be the end of these silly spam attacks or could it be that they are using the spam budget now, to fund the $500 000 bounty to bribe the miners?  At some point in time the budget for these spam attacks must reach a point where it cannot be sustainable to do it anymore and the gains from doing this will outweigh the advantages of doing this. ^smile^

[dwieyani]

I hope to always be fast in running the transaction because the bitcoin users very much and probably will increase every month.

[BeManga]

I've moved a few BTC over the last few days and transactions have been lightning fast. Confirms almost immediately. This is the fastest that BTC has ever been for me.

What's going on??

I've been hearing horror stories about transaction times for months. Have I just been lucky??

maybe your just lucky because if you will look here https://blockchain.info/unconfirmed-transactions
there still a lot of unconfirmed transaction some people dont pay enough fee and also because of some people spam the network recently

[iv4n]

Once I waited 7 days for confirmation, and that was the longest waiting for transaction to confirm, from xapo  wallet to one casino. Xapo still doesn't have fees for sending, so I can't complaint to much, sometimes its very fast, but sometimes I need to wait and I don't mind, I suggest everyone to not get annoyed with this, its normal.

[coolcoinz]

There's a funny correlation between BU pretty much failing and the number of unconfirmed transactions going down right after. It's almost as if the network was spammed deliberately to promote BU...

There might be something to it. I had really bad experiences with transactions early this year and it started getting better last month.
I've been checking the number of transactions awaiting confirmation and it's been on the decrease for the last couple weeks.

[e-coinomist]

Proper fee like 5-6$ ? Most transactions probably involve less than 100$ worth of btc, so that's insane.

yeah if you have no idea what bitcoin is and what you are doing, you pay 5-6% fee. otherwise for the rest of us the fees are still $0.4 worst case scenario at the peak of the spam attack. and at normal times it is still less than $0.1

And how to attract new customers? The experienced might know about mempool tide and how to conquer situation by adapting their fee payments. I had taken my time to gather that knowledge.
The entry should be easier to handle.

[Duzter]

The mempool tide has caused more than 140000 transactions on the queue to get confirmation. This is just because of the increased transactions getting added in a short time period. For faster confirmation bigger transaction fee is the only go, else need to wait more than weeks.

[bathrobehero]

The mempool tide has caused more than 140000 transactions on the queue to get confirmation. This is just because of the increased transactions getting added in a short time period. For faster confirmation bigger transaction fee is the only go, else need to wait more than weeks.

Yes, but a couple of quarters are still stupidly cheap for transactions considering the benefits of Bitcion. Either you have a spammed and bloated blockchain or a genuine competition based around transactions fees.

As much drama and ridiculous fork attempts are going on for bigger blocks, the current system is capable of holding the number of non-peanut transactions for years to come (not indefinitely though).

Bitcoin simply shouldn't be used for dust transactions anymore which is fine; there are dozends of coins to chose from to do that. But the loud minority on various forums are going apeshit in the delusion of representing every Bitcoin user screaming for bigger blocks while the silent majority is doing perfectly fine with the current block size.

[DoublerHunter]

The transaction now is getting slower and slower and the confirmations takes a lot of times but i can still experience the speed of confirmation that i get used to, which is about 10 minutes to get a confirmation and i just pad at least 50k satoshi fee for that and i think that is a good range of a fee and still fair so i think it is just always depends on the fee.

[mining1]

I suggest everyone to not get annoyed with this, its normal.

Normal in the digital era and "internet of money" ? No. It's just normal with bitcoin.

[Red-Apple]

I suggest everyone to not get annoyed with this, its normal.

Normal in the digital era and "internet of money" ? No. It's just normal with bitcoin.

exactly. it is normal for bitcoin, the only "internet of money"

you don't see the same in anything else because nobody even cares enough to do a spam attack on them. but when you are a new technology that a large number of people use and not just hold on their exchanges to dump as fast as possible, then you get so many attention from all different directions.

and these attentions are sometimes negative, in forms of attacks. one form of these attacks is the spam attack that we are experiencing.

then when the whole system is decentralized and big and also under a lot of FUD and propaganda, it is sometimes hard to come to a consensus compared to a centralized altcoin which forks as the centralized authority seems fit.

[dothebeats]

Once I waited 7 days for confirmation, and that was the longest waiting for transaction to confirm, from xapo  wallet to one casino. Xapo still doesn't have fees for sending, so I can't complaint to much, sometimes its very fast, but sometimes I need to wait and I don't mind, I suggest everyone to not get annoyed with this, its normal.

Even wire transfers often take a single business day to complete in the advent of paying $20+. The thing with bitcoin is that it's supposed to capitalize on its speed and cost-efficient transactions but with recent spams on the mempool, it's not performing as it should. Also, there's no harm in paying a couple dolars for your transaction to be included in the next block, but that would kill micro transactions which bitcoin was known for. This is not normal, and everyone with money that needs to be transferred WOULD be annoyed.

[Wandering Soul~]

Proper fee like 5-6$ ? Most transactions probably involve less than 100$ worth of btc, so that's insane.

yeah if you have no idea what bitcoin is and what you are doing, you pay 5-6% fee. otherwise for the rest of us the fees are still $0.4 worst case scenario at the peak of the spam attack. and at normal times it is still less than $0.1

I am paying $1 or lower usually but I get my transaction confirmed in just 20 minutes, the maximum waiting time is 1 hour which just occurred one time . So he should only pay that kind of amount when you need ut ti be confirmed 2-3 mins  .

Once I waited 7 days for confirmation, and that was the longest waiting for transaction to confirm, from xapo  wallet to one casino. Xapo still doesn't have fees for sending, so I can't complaint to much, sometimes its very fast, but sometimes I need to wait and I don't mind, I suggest everyone to not get annoyed with this, its normal.

Wallets shouldering their users miner fees will not last and you can't also expect that your transaction will be confirmed quickly .  In fact it will be poorly handled as the time pass by .

If I don't really need the bitcoins then I don't mind waiting for a couple of days but a week is too much .

[Davkul]

Well it might be luck, but it's mainly because of fees usually.
Would you say you sent a "decent" fee? Just wondering.

[Gens09]

Proper fee like 5-6$ ? Most transactions probably involve less than 100$ worth of btc, so that's insane.

yeah if you have no idea what bitcoin is and what you are doing, you pay 5-6% fee. otherwise for the rest of us the fees are still $0.4 worst case scenario at the peak of the spam attack. and at normal times it is still less than $0.1

And how to attract new customers? The experienced might know about mempool tide and how to conquer situation by adapting their fee payments. I had taken my time to gather that knowledge.
The entry should be easier to handle.

I guess the transaction is becoming slower because of so many transaction that is happening at the same time we know that the bitcoin user's are increasing so no doubt that the bitcoin transactions also increase and i guess thats many transaactions slower to confirm in the blockchain but still a great news if the community is increasing.

[Nukeless]

Is there a spam attack going on right now?  Iv'e had some very high fee transactions that would usually get picked up in 1 block still unconfirmed for hours now.