Bitcoin transaction Times SUCK

[Vortex20000]

I've had transactions take less than a minute to confirm for me.

[Xialla]

I've had transactions take less than a minute to confirm for me.

yes, even this is possible, if you send you TX luckily before block is mined, previous block is just few minutes of actual one and you set regular fee. point is, that is basically unpredictable, how long first confirmation will take..from one minute (or even sooner) to hours and hours..

[yeponlyone]

I can't really understand why people are so upset over the, at times, long transactions time. Sure, if it's 9 hours you got a point, when I started out with bitcoin I even had serious doubts on the currency due to the fact that getting coins took forever, and even invested in altcoins which were faster.

Today I'm used to the delay and very seldom do transactions where I need a confirmation within minutes.

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

[Vortex20000]

I've had transactions take less than a minute to confirm for me.

yes, even this is possible, if you send you TX luckily before block is mined, previous block is just few minutes of actual one and you set regular fee. point is, that is basically unpredictable, how long first confirmation will take..from one minute (or even sooner) to hours and hours..

Actually, I've seen blocks just seconds apart from each other, though I admit that this is extremely rare.

[deliciousowl]

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

It's not the devs. It's for the miners and nodes to decide.

[Erza]

I can't really understand why people are so upset over the, at times, long transactions time. Sure, if it's 9 hours you got a point, when I started out with bitcoin I even had serious doubts on the currency due to the fact that getting coins took forever, and even invested in altcoins which were faster.

Today I'm used to the delay and very seldom do transactions where I need a confirmation within minutes.

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

What are you saying? This is sure upset many people here and that is including me because it take 1 days until now and I havent got my confirmation

and that piss me off here. I just can wait it to get confrimation. Now all of my bitcoin is stuck, I can't do anything until now before this confirmation is

fixed

[horace0812]

really is a problem...
I got 2 transaction waiting for confirnation more than three hours today

[Vortex20000]

really is a problem...
I got 2 transaction waiting for confirnation more than three hours today

Woah, transaction IDs?

[lottery248]

that is horrible that i have the same experience once, dud.
that time i was paying 0.006 btc to my trading account.

[Vortex20000]

that is horrible that i have the same experience once, dud.
that time i was paying 0.006 btc to my trading account.

And it took how long? Miner fee used?

[horace0812]

really is a problem...
I got 2 transaction waiting for confirnation more than three hours today

Woah, transaction IDs?

https://blockchain.info/tx/603c3b9ed4614c86508926d02cf6562db7c84ef5ffd8426d6be3dc2a824757fd

https://blockchain.info/tx/0c371cac65965095be54220bc2c47c58c0b4be9f77b4fe9181969b49d022c403

[zsp]

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.

[Herbert2020]

I can't really understand why people are so upset over the, at times, long transactions time. Sure, if it's 9 hours you got a point, when I started out with bitcoin I even had serious doubts on the currency due to the fact that getting coins took forever, and even invested in altcoins which were faster.

Today I'm used to the delay and very seldom do transactions where I need a confirmation within minutes.

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

this is no longer "at times" long transaction time. this issue is becoming an every day problem.
if bitcoin is to be accepted by everyone, and mass adopted especially by merchants then it has to be fast enough so that they everyone can use it. but when it takes more than an hour for you to receive bitcoin there really isn't a good reason to adopt it as a currency then.

[zsp]

I can't really understand why people are so upset over the, at times, long transactions time. Sure, if it's 9 hours you got a point, when I started out with bitcoin I even had serious doubts on the currency due to the fact that getting coins took forever, and even invested in altcoins which were faster.

Today I'm used to the delay and very seldom do transactions where I need a confirmation within minutes.

That aside, the devs needs to stop the spam. Lee had a solution three years ago, based in litecoin's experience, so it really shouldn't be all that difficult.

this is no longer "at times" long transaction time. this issue is becoming an every day problem.
if bitcoin is to be accepted by everyone, and mass adopted especially by merchants then it has to be fast enough so that they everyone can use it. but when it takes more than an hour for you to receive bitcoin there really isn't a good reason to adopt it as a currency then.

It's simply impractical in every day usage. How can we get friends and family into crypto if Bitcoin is unusable?

[QuestionAuthority]

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.

It really depends on the business. What first brought people to Bitcoin was the (supposed) anonymity and the ability to buy drugs and other contraband on-line risk free. For that business it's perfect. Buying a soda at a gook mart, not so much.

[zsp]

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.

It really depends on the business. What first brought people to Bitcoin was the (supposed) anonymity and the ability to buy drugs and other contraband on-line risk free. For that business it's perfect. Buying a soda at a gook mart, not so much.

I am aware of that, but I thought the business plan is to take Bitcoin to the masses which would establish trust in the currency and eventually would give a stable value for Bitcoin. Mass adoption is not possible if you can't even buy a bloody gift card with it. When there are 6 hours confirmation times then the average users see the currency as unusable.

[QuestionAuthority]

So when are the developers of Bitcoin going to fix the horrid transaction times of Bitcoin, waiting 35 minutes to 2 hours for a transaction to confirm one time is getting a bit ridiculous.

And for you Bitcoin lovers Dont waste our time quoting any crap from bloickchain.info, I dont want to hear it, because you know what, those stats and charts on blockchain.info are not accurate and it doesnt matter what those things say when the end user is experiencing actual times of 30 minutes to 2 hours.

I mean you guys want acceptance, you want adaptation yet your biggest competitor in what Bitcoin  is supposed to be used for can transact cash in 15 minutes. it takes me 5 to 8 hours to get cash for my bitcoins, its time to step up the game a bit.

EDIT: oh and yes before the bitcoin lovers even go there, I pay a 10,000 Satoshi transaction fee for High Priority on all of my personal transactions I send. So lets not try the pay a bigger fee for faster transaction times.

So the question remains what are the Bitcoin developers doing to fix this problem with transaction times we have been facing for the past year or more, that seems to keep getting worse as they ignore it and keep posting biased charts from unreliable sources.

2 days ago it was 6 hours. Today, I bought a gift card using Bitcoin, 0 confirmation after 1.5 hour. The shops will be closed by it get 2 confirmations. As much as I love Bitcoin, it is unfit for business purposes.

It really depends on the business. What first brought people to Bitcoin was the (supposed) anonymity and the ability to buy drugs and other contraband on-line risk free. For that business it's perfect. Buying a soda at a gook mart, not so much.

I am aware of that, but I thought the business plan is to take Bitcoin to the masses which would establish trust in the currency and eventually would give a stable value for Bitcoin. Mass adoption is not possible if you can't even buy a bloody gift card with it. When there are 6 hours confirmation times then the average users see the currency as unusable.

Hey, I understand your frustration. It's not quite ready for prime time. Hopefully, the devs and businesses will put enough R&D time into it that someday it meets the needs of a wider audience. For today, most people are using it for ideological reasons. You've seen the type on this forum. The Danny something or other type that goes apeshit every time someone is critical of Bitcoin.  These people have wrapped up their philosophical beliefs into the use of Bitcoin as if it's the Great White Hope waiting for the big win. That's fine because that kind of drive and determination is propelling Bitcoin forward. We non-evangelical types shouldn't expect Bitcoin to be perfectly ready to fulfill all our needs quite yet though.

[Hopalong]

Still better than like 3-6 months for credit cards, and 1-5 days for banks. Grow up.

My credit card takes less than 5 seconds and have no fee at all. Bank transfer is instant to accounts in the same bank with no fee and less than 1 workday to any account in other banks with no fee.

Dont compare bank with paypal and other obscure metodes that most people dont use.

you think that there is no fee, but they are actually playing with your money all the time, then they cover your need with the money of another that he don't need in that exact moment

Sorry i forgot my tinfoil hat today...

When i deposit money in the bank i dont write my name on them and expect to get the same money back. I know they mix up my money with other deposit.

When i say i dont pay fee i mean that i never pay anything to send or recive money. How they do it is not my concern. My only concern is to force them to contiue their practice with changing bank whenever they charge me for anything i dont want to pay.

but you pay for any withdrawal from atm right? or for any conversion right? well bitcoin has no heavy fee for any sort, there is no conversion when you use bitcoin, and the best thing is that you can actually decide your fee

Withdrawal from ATM cost me $0.5 or more. ATM´s from other banks might cost a lot.

[Envrin]

What are the tx sizes?  How many inputs are being included in any given transaction?

Are you getting a ton of 0.01 incoming deposits, then bundling that up into a 3 BTC transaction with a 0.0001 fee attached?  Personally, I just stay on the safe side, and put in 0.0001 for every input that gets included.  5 inputs = 0.0005 fee, and so on.  Works fine.

I don't know, but I haven't had an issue.  The network itself works beautifully, and transactions hit almost instantly across the network.  Now whether or not the merchant wants to wait for X confirmations is up to them, and I agree, it can get a little annoying at times.  Not annoying enough to steer me away from bitcoin though.

[Envrin]

For today, most people are using it for ideological reasons.

Wouldn't say that too quickly.  I'm quite confident there's tons of people in Greece who currently wish their savings were in Bitcoin right now, versus in the banks.  This is a systemic problem, and will only grow over time.  Just wait until Portugal and/or Spain goes.