Faster BTC confirmation time

[HeroCat]

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  If you have let say 500 confirmations, it takes a lot of time 

[1714811333]

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[1714811333]

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[1714811333]

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[1714811333]

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[Possum577]

Is this a question or a statement? If you want us to help you need to give us more information. Do you think the confirmation time is too long now?

[sandy47bt]

There's no way to make BTC confirmation faster with 0.0001BTC or higher fees
Even you put very high fees, your confirmation won't be confirmed instantly, but that will guarantee you that your confirmation will be confirmed on next block

If you don't like current confirmation time, you better use altcoin

[Amph]

use service that don't require any confirmation(they accept your income without any), if the problem is just sending your money to another wallet, that always belong to you, then you don't have any excuse to wait a bit

there will be no fork of this, so people should deal with it already, at best something in the sidechain could be done about this, but don't expect anything in the main blochchain

[twister]

The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.

[CryptoTrout]

thats what altcoins are for

[shorena]

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  If you have let say 500 confirmations, it takes a lot of time 

You cant make a transaction confirm faster by paying a higher fee. You can increase the fee to make sure you are in the next block found, but you can not influence the speed miners will find this block.

Besides that I cant think of a reason to require 3.5 days worth of confirmations where its not worth to wait that long at the same time. E.g. if you were to buy a house with BTC someone might require the TX to have 500 confirmation (for whatever reason), but in this case I think thats not an issue.

If you just want more confirmations you have to ask yourself why. 500 confirmations with the current time to find a block represent a certain level of security. This level is not tied to the number, but to the effort it takes to find these 500 blocks. If it would be easier to find 500 blocks the level of security would be lower and you would have not gained anything, but a fancy number.

[ranochigo]

The standard fee only ensures that your Transaction will get picked in the next upcoming block, if the Tx Fee is less than recommended it might get picked within 6 blocks or more, so the only way to make sure that you get 1 confirmation asap is to add the standard fee, the rest of the confirmations depend on the block timings and they're the same for all the transactions.

Half correct, miners have the rights to reject your transaction or they may just set a higher minimum fee limit for them to include your transaction. The transaction also depends on network load. If there are a lot of transactions and most of them pay more than 0.0001BTC/KB and you pay 0.0001BTC/KB, your's might not get confirmed first if the block gets filled with transactions from their mempool. This is due to the fact that miners rank non high priority transactions according to transaction fees.

thats what altcoins are for

Avoid posting irrelevent stuff. This thread is for discussing Bitcoins.

[LFC_Bitcoin]

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  If you have let say 500 confirmations, it takes a lot of time 

Forgive me for maybe being a bit dumb but why the hell would you ever need 500 confirmation?
I admit I've sometimes been frustrated waiting for 'the recommended 6 confirmations' when I pay the standard transaction fee. One time I had an unconfirmed transaction fee for 40 minutes, I was a little worried, I kept refreshing the block explorer to see if something was wrong.

Credit card companies take sonetimes 2-3 days to process a payment so in reality waiting for 6 or so confirmations is no time at all. I'm not an expert techie or a miner but it really would be helpful if the block time could be maybe cut in half but I don't know if that's possible, maybe somebody better qualified could answer on that.
It'd certainly help our push for widespread/mainstream adoption.

[ikydesu]

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  If you have let say 500 confirmations, it takes a lot of time 

No, you can't, except you pay more.
The Techinical is:

Code:

priority = sum(input_value_in_base_units * input_age)/size_in_bytes

the transactions need to have a priority above 57,600,000.

~iki

[Marbit]

I suppose as much as mining rigs become faster, the confirmation processes will also gets faster with it. We will see some pretty cool and super fast processors soon.

[RodeoX]

Blockchain confirmation is the fastest payment system yet. Compared to anything else 10min. is insanely fast. Credit cards and bank transfers are measured in days and weeks, not minutes. I see no issue to address at all here. 
.

[Valanor]

How to make faster BTC confirmation times from Blockchain with standart fee 0.0001 BTC  If you have let say 500 confirmations, it takes a lot of time 

you can't get faster time with same fee , you must increase fee of that transaction , I think your transaction can be confirmed in 1second if your fee is 0.1BTC  

[iram66680]

I suppose as much as mining rigs become faster, the confirmation processes will also gets faster with it. We will see some pretty cool and super fast processors soon.

Incorrect, even if mining rigs starts to get faster, the difference can't be seen from a long term. Bitcoin protocol readjust the difficulty based on average time taken to generate the previous 2016 blocks and attempt to get it to 10minutes. If a group of machine suddenly come online at the start of the difficulty period, the network will only be faster but they will be fast only for 2016 blocks. Unless, after that, the hashrate increase again, only then the network will be faster than 10 minutes.

[Rmcdermott927]

I imagine that at some point in the future people will be tired of waiting long times for confirmation and perhaps there will be a protocol change where block times will be faster along with an adjusted block reward to offset the extra blocks being generated. 

[iram66680]

I imagine that at some point in the future people will be tired of waiting long times for confirmation and perhaps there will be a protocol change where block times will be faster along with an adjusted block reward to offset the extra blocks being generated. 

Confirmation would just be a definite assurance that the transaction doesn't spend from a already spent output. Once the transaction is relayed, those with a record that the output is already spent will ignore that transaction and it cannot be relayed throughout the network as the node will just reject the transaction. Faster confirmation time also mean more bloating and less security. If block is adjusted to 1 minute, the minimum assurance against doublespend attack should be 10 minutes. Needless to say, the stale blocks will be high.

[subSTRATA]

I cant tell if youre asking for the first confirmation to come faster or if you want your transaction to be confirmed at a rate faster than other transactions; in either case, with the former, a higher transaction fee will cause the miners to prioritize your transaction more; and the latter is impossible as all transactions are confirmed when a block is mined, and this rate cannot be controlled.

[cryptworld]

It is imposible

Just set a good fee,sit down and wait for it to be confirmed,you can't do anything else

[sgk]

I suppose as much as mining rigs become faster, the confirmation processes will also gets faster with it. We will see some pretty cool and super fast processors soon.

No matter how fast the rigs become, they can't possibly make the blocks found quickly. The difficulty will adjust itself so that the blocks are found every 10 minutes or so.
BTC was mined with CPU initially; then came GPUs, then ASICs. But confirmation times haven't changed because difficulty has risen to keet the block interval at about 10 minutes.

@OP: With higher fees you can hope that your transaction will be given priority by the miners, but it doesn't help with block times. So higher fees doesn't mean having 500 quick confirmation.

[oblivi]

No confirmation will go faster than 10 min. Just set your fee to automatic, it's the best way to guarantee the transaction gets done correctly. You are free to send transactions with 0 fees, but dont complain if they get frozen for a while. We gotta pay the miners, and automatic set transaction seems like the best way to both do that and not bloat the blockchain.