Number of unconfirmed transactions increasing exponentially

[deisik]

Well, it may be a bit of an exaggeration about the exponential part, but right now there are over 20,000 unconfirmed Bitcoin transactions. Yesterday this number was around 10,000. Personally, my own 1 BTC transaction got stuck and hasn't been confirmed for almost 20 hours already (this will be of particular interest to those who stubbornly continue to insist that Bitcoin transactions are fast and reliable)...

Your ideas, guys

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[--Encrypted--]

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

[lorylore]

Well, it may be a bit of an exaggeration about the exponential part, but right now there are over 20,000 unconfirmed Bitcoin transactions. Yesterday this number was around 10,000. Personally, my own 1 BTC transaction got stuck and hasn't been confirmed for almost 20 hours already (this will be of particular interest to those who stubbornly continue to insist that Bitcoin transactions are fast and reliable)...

Your ideas, guys

I there were a lot of transaction in a short period of time.
And now have been confirmed. At the moment are 4120 Unconfirmed Transaction
It was around ~2000 before 2 days when i checked.

[deisik]

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

[--Encrypted--]

getting your transaction confirmed when it have the same fee amount with most tx kind of depends on luck. so that's not really surprising.

stress test is going on.

[deisik]

getting your transaction confirmed when it have the same fee amount with most tx kind of depends on luck. so that's not really surprising.

stress test is going on.

In July there were over 80,000 stuck transactions, so this looks more like a failure, not a stress test

[deisik]

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

[Q7]

And yeah people refused to accept the fact that there is nothing wrong with the system. And even with what is happening right now, they still maintain that it's alright. I hope it doesn't affect the price in days to come

[deisik]

And yeah people refused to accept the fact that there is nothing wrong with the system. And even with what is happening right now, they still maintain that it's alright. I hope it doesn't affect the price in days to come

That was the question I was going to ask next. Two opposite things spring to mind, that is, this nuisance will most certainly affect the price negatively in the mid-to-long term, but short-term it should make the price spike due to a lower number of available bitcoins...

[lorylore]

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

Checked on that time but there were not ~20,000 unconfirmed transaction.

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

I think since the price of bitcoin has fallen down ~20$ then people don't trade.
So the number of transaction are small, and it's Monday (lot's of work in real life)

[everaja]

The Status is of really a big concern when you are Trading . In trading all depends upon Confirmation of Transactions as though from the present scenario we can see that the bulk of Unconfirmed transaction is rising exponentially from last few days , and on up to it is stress test and spamming , for network to survive the size must be increased.

[deisik]

you sure? it shows 4k+ from here. 10k~ yesterday, and 20k~ the day before yesterday.
just raise the fee a bit if you want your tx to be confirmed fast.

At the moment there are 19815 unconfirmed transactions. I'm not able to raise the fee, since I don't control it. I withdrew from an exchange. It is interesting that later withdrawals with the same fee (10,000 satoshi) went through, though...

I don't know what's going on

Checked on that time but there were not ~20,000 unconfirmed transaction.

Besides, I see blocks with a very low number of transactions (and well below 1 MB in size). So could it be a concerted action by miners to get more fees, for example?

I think since the price of bitcoin has fallen down ~20$ then people don't trade.
So the number of transaction are small, and it's Monday (lot's of work in real life)

Here's the most recent snapshot. I don't know what else I can say

[deisik]

The Status is of really a big concern when you are Trading . In trading all depends upon Confirmation of Transactions as though from the present scenario we can see that the bulk of Unconfirmed transaction is rising exponentially from last few days , and on up to it is stress test and spamming , for network to survive the size must be increased.

You'd better stop

[tsoPANos]

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

[--Encrypted--]

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

beat me to it.
also I see 4k~ unconfirmed transactions instead of 20k~. why is that?

[ranochigo]

Well blocktrail.com has a different opinion.
149,000 transactions and counting. 83 mb mempool size

beat me to it.
also I see 4k~ unconfirmed transactions instead of 20k~. why is that?

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

[--Encrypted--]

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see 4k-5k~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

[deisik]

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see 4k-5k~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

I've given you the link. Exactly at blockchain.info

https://blockchain.info/unconfirmed-transactions

Update: now it reads 6K. Seems to be a glitch there

[ranochigo]

Different sites/nodes have different policies. They can accept different transactions into their mempool depending on how their backend is structured. Sites with worst hardware or ram would tend to accept less transactions as too many of them may just crash their backend.

sorry. let me clarify my question. I see 4k-5k~ 6k~ unconfirmed tx in blockchain.info instead of 20k~ like OP.
should that happen?

I'm seeing 6k right now. The picture might just be outdated and blockchain.info is known to prune some transactions for whatever reasons. Plus the blocks seems to have high transaction count. It may have just help to reduce the spam.

[johnyj]

I think there should be a mechanism to let you cancel the transaction and rebroadcast with a higher fee. At least you should get a market feedback of the ongoing fee rate depends on the network load