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Author Topic: Why is fee still high (6000 unconfirmed transactions)  (Read 2344 times)
philiveyjr
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February 07, 2017, 09:52:56 PM
 #41

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.

shinratensei_
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February 07, 2017, 11:14:41 PM
 #42

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.

It looks like spam attack but massive adoption was making the blocks are so difficult to accommodate all of the transaction. some countries with high inflation are trying to use bitcoin become a way to exit from his problem(outside of the government instruction).
https://blockchain.info/unconfirmed-transactions

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jakelyson
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February 08, 2017, 01:21:18 AM
 #43

and how d'you like this ?

https://blockchain.info/tx/f2eea823f3c36478de5d91c04b9964d85db4ace44234c6a56a9bc34b3f6b0cc4

right now is UTC 23:10 2017-02-07, still unconfirmed

Too bad for you. I computed it and you paid 61sats per bytes and it still took you this long. I made a transaction just this morning and I paid 65 sats per bytes and it got confirmed within 20 minutes. I guess I just got lucky or that is the standard fee for now.
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February 08, 2017, 01:40:35 AM
 #44

I'm happy when I see more than 20k unconfirmed transactions, but why? because it is a sign of success and functionality of the network.
Whenever you see empty mempool run for the hills, amazingly bitcoin surpassed Satoshi's expectations.
Sundark
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February 08, 2017, 01:41:53 AM
 #45

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.
I never encountered this problem. Every transaction I sent, with reallllllly decent fee got confirmed in in the next mined block.
5 hours ago I withdrew bitcoin from online service with 20k satoshi fee and transaction was processed instantly.
Are you sure your fee was good enough?
Dudeperfect
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February 08, 2017, 02:37:01 AM
 #46

The current figure of the unconfirmed transaction is 44,000+ so it is likely to remain high fees in order to get the transaction confirmed. I am not sure but the frequency of transactions backlog has increased these days. If someone is willing to get his transaction confirmed then he should either pay high fees for the transaction (according to the network) or wait for the transaction backlog to get over. It’s not a very good thing for bitcoin IMO.
clickerz
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February 08, 2017, 02:43:32 AM
 #47

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.
I never encountered this problem. Every transaction I sent, with reallllllly decent fee got confirmed in in the next mined block.
5 hours ago I withdrew bitcoin from online service with 20k satoshi fee and transaction was processed instantly.
Are you sure your fee was good enough?

Same here, and waiting for less than an hour I did not consider it as a delay. Sometimes less than 30 mins and its already fine. Usually fees range from 20,000 sats to 50,000 sats in some exchanges.

Just wait , as long as your transaction is on the blockchain already I think it will not lost.

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sportis
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February 08, 2017, 07:06:42 AM
 #48

My transaction is stuck for over 2 hrs for a decent fee. Why are so many transactions unconfirmed? My transactions usually get confirmed within an hour at worst. Is this a spam attack again like 2 weeks back r some different issue? I dont see any topics to follow this time.
I never encountered this problem. Every transaction I sent, with reallllllly decent fee got confirmed in in the next mined block.
5 hours ago I withdrew bitcoin from online service with 20k satoshi fee and transaction was processed instantly.
Are you sure your fee was good enough?

Same here, and waiting for less than an hour I did not consider it as a delay. Sometimes less than 30 mins and its already fine. Usually fees range from 20,000 sats to 50,000 sats in some exchanges.

Just wait , as long as your transaction is on the blockchain already I think it will not lost.


I cannot understand why you claim that fees range from exchange to exchange. If I'm not mistaken I believe is not matter what exchange anyone uses but what is the transaction size and how many are the unconfirmed transactions (network load), except if is a service which offered from some exchanges where customers pay a standard fee regardless the transaction size. Unfortunately, these days the fees are very high from 60-70 s/byte to 140-160s/byte if someone wants a next block confirmation.
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