Transactions take very long WHY?

[insertcoin1]

Hey peps,

3rd transaction in a row is taking ages. Have set it to a recommended fee, and on blockchain always say's it's High Priority. However 1 transaction took around 20 hours and the other 2 are still stuck one with 24 hours past other one with 9+ hours. Any ideas?

Thanks!

[shorena]

Hey peps,

3rd transaction in a row is taking ages. Have set it to a recommended fee, and on blockchain always say's it's High Priority. However 1 transaction took around 20 hours and the other 2 are still stuck one with 24 hours past other one with 9+ hours. Any ideas?

Thanks!

Recommended by whom? Does it use unconfirmed inputs? Does it create dust outputs?

Alternativly: would you share a transaction id?

[ranochigo]

How much fee did you pay? Based on shorena's node, the mempool size is relatively big right now, . Could you share the transaction ID? Most of the recent blocks are quite big as well.

[rally]

I am also re downloading my btc wallet en takes now already about 5 days before every block is downloaded. At this moment i 'm still 5 weeks behind. Don't think this will be downloaded before midnight at the tempo of the last days.
Why does that go so slowly?

[shorena]

I am also re downloading my btc wallet en takes now already about 5 days before every block is downloaded. At this moment i 'm still 5 weeks behind. Don't think this will be downloaded before midnight at the tempo of the last days.
Why does that go so slowly?

Dont hijack threads. Make your own, your issue has nothing to do with that of OP. 5 days per block sounds like bullshit to me, it would mean you are downloading since ~3000 b.c. To give you a short answer: If you sync "slow" its because one of the following reasons:

#1 your disk is slow
#2 your internet connection is slow
#3 your CPU is slow
#4 the connection to other nodes are bad, which most of the time is because of #2

[pedrog]

Bitcoin network is congested and cannot handle the current amount of transactions.

Check: https://blockchain.info/pt/unconfirmed-transactions

If you want fast transactions you need to use some other payment method or other cryptocurrency.

[Next BillGates]

Bitcoin network is congested and cannot handle the current amount of transactions.

Check: https://blockchain.info/pt/unconfirmed-transactions

If you want fast transactions you need to use some other payment method or other cryptocurrency.

Bitcoin cannot even handle these transactions? or the blockchain.info If this, then most of the transactions might gets struck not only the OP's transaction. IMO, OP might have some other problem.

[insertcoin1]

Hey peps,

3rd transaction in a row is taking ages. Have set it to a recommended fee, and on blockchain always say's it's High Priority. However 1 transaction took around 20 hours and the other 2 are still stuck one with 24 hours past other one with 9+ hours. Any ideas?

Thanks!

Recommended by whom? Does it use unconfirmed inputs? Does it create dust outputs?

Alternativly: would you share a transaction id?

Transaction id: 55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b-000

[InvoKing]

You mean this https://blockchain.info/tx/55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b ?
I see that the fees here are too low tho: 0.00000226 BTC..
Besides,for your other transaction sent today, this is also true

Based on shorena's node, the mempool size is relatively big right now, Most of the recent blocks are quite big as well.

[pedrog]

Bitcoin network is congested and cannot handle the current amount of transactions.

Check: https://blockchain.info/pt/unconfirmed-transactions

If you want fast transactions you need to use some other payment method or other cryptocurrency.

Bitcoin cannot even handle these transactions? or the blockchain.info If this, then most of the transactions might gets struck not only the OP's transaction. IMO, OP might have some other problem.

Bitcoin network can't handle current transaction volume.

You can check stats in other websites:

https://www.blocktrail.com/BTC

https://blockr.io/charts

[insertcoin1]

You mean this https://blockchain.info/tx/55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b ?
I see that the fees here are too low tho: 0.00000226 BTC..
Besides,for your other transaction sent today, this is also true

Based on shorena's node, the mempool size is relatively big right now, http://213.165.91.169/pic/mempool24h_v2.png Most of the recent blocks are quite big as well.

I used Bitcoin-QT wallet and set the fee through there, setting it on "fast" which was the highest setting available. Never really used manual fee setting, but as I understand the network is on overflow at the moment.

[shorena]

You mean this https://blockchain.info/tx/55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b ?
I see that the fees here are too low tho: 0.00000226 BTC..
Besides,for your other transaction sent today, this is also true

Based on shorena's node, the mempool size is relatively big right now, [ img]http://213.165.91.169/pic/mempool24h_v2.png[/img] Most of the recent blocks are quite big as well.

I used Bitcoin-QT wallet and set the fee through there, setting it on "fast" which was the highest setting available. Never really used manual fee setting, but as I understand the network is on overflow at the moment.

Most of the time the fastest setting is actually not the best. Open bitcoin core, let it run for a while and see for yourself. Currently I have

fastest - fee: 0.00001 btc/kb (Smart fee not initialized yet. This usually takes a few blocks...)
1 lower - fee: 0.00019988 btc/kb Estimated to begin confirmation within 2 blocks.
lowest - fee: 0.00007789 btc/kb

As you can see the 2nd fastest option is 20 times higher than the fastest. Even the lowest setting is higher than the fastest. It matches your TX perfectly (fee in satoshi = size in bytes). The TX itself is fine, its just that there are so many transactions that bitcoin core cant determine how high a fee should be for your transaction to be in the next block. Since it cant work out a value it falls back to the default fee. Sadly, this is currently too low. Im afraid you have to wait a bit. Keep bitcoin core open it will rebroadcast your transaction to make sure the network does not forget about it. You send spend a relativly high amount (~0.44 btc) chances are you will get a confirmation within the next 1-2 days. This is because higher value inputs get higher priority over time.

[insertcoin1]

You mean this https://blockchain.info/tx/55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b ?
I see that the fees here are too low tho: 0.00000226 BTC..
Besides,for your other transaction sent today, this is also true

Based on shorena's node, the mempool size is relatively big right now, [ img]http://213.165.91.169/pic/mempool24h_v2.png[/img] Most of the recent blocks are quite big as well.

I used Bitcoin-QT wallet and set the fee through there, setting it on "fast" which was the highest setting available. Never really used manual fee setting, but as I understand the network is on overflow at the moment.

Most of the time the fastest setting is actually not the best. Open bitcoin core, let it run for a while and see for yourself. Currently I have

fastest - fee: 0.00001 btc/kb (Smart fee not initialized yet. This usually takes a few blocks...)
1 lower - fee: 0.00019988 btc/kb Estimated to begin confirmation within 2 blocks.
lowest - fee: 0.00007789 btc/kb

As you can see the 2nd fastest option is 20 times higher than the fastest. Even the lowest setting is higher than the fastest. It matches your TX perfectly (fee in satoshi = size in bytes). The TX itself is fine, its just that there are so many transactions that bitcoin core cant determine how high a fee should be for your transaction to be in the next block. Since it cant work out a value it falls back to the default fee. Sadly, this is currently too low. Im afraid you have to wait a bit. Keep bitcoin core open it will rebroadcast your transaction to make sure the network does not forget about it. You send spend a relativly high amount (~0.44 btc) chances are you will get a confirmation within the next 1-2 days. This is because higher value inputs get higher priority over time.

Thanks for the info, sadly still not through, but I guess i'll have to be patient.

[shorena]

You mean this https://blockchain.info/tx/55ad22cc23dd04b5654caad77634c79ced9505f2471566e9a79707eaba66a67b ?
I see that the fees here are too low tho: 0.00000226 BTC..
Besides,for your other transaction sent today, this is also true

Based on shorena's node, the mempool size is relatively big right now, [ img]http://213.165.91.169/pic/mempool24h_v2.png[/img] Most of the recent blocks are quite big as well.

I used Bitcoin-QT wallet and set the fee through there, setting it on "fast" which was the highest setting available. Never really used manual fee setting, but as I understand the network is on overflow at the moment.

Most of the time the fastest setting is actually not the best. Open bitcoin core, let it run for a while and see for yourself. Currently I have

fastest - fee: 0.00001 btc/kb (Smart fee not initialized yet. This usually takes a few blocks...)
1 lower - fee: 0.00019988 btc/kb Estimated to begin confirmation within 2 blocks.
lowest - fee: 0.00007789 btc/kb

As you can see the 2nd fastest option is 20 times higher than the fastest. Even the lowest setting is higher than the fastest. It matches your TX perfectly (fee in satoshi = size in bytes). The TX itself is fine, its just that there are so many transactions that bitcoin core cant determine how high a fee should be for your transaction to be in the next block. Since it cant work out a value it falls back to the default fee. Sadly, this is currently too low. Im afraid you have to wait a bit. Keep bitcoin core open it will rebroadcast your transaction to make sure the network does not forget about it. You send spend a relativly high amount (~0.44 btc) chances are you will get a confirmation within the next 1-2 days. This is because higher value inputs get higher priority over time.

Thanks for the info, sadly still not through, but I guess i'll have to be patient.

Looks like its a bad time to have a pending TX with low fee.



There is something you can try though. You can remove the transaction from your wallet. It will forget about it and stop to broadcast it. If the rest of the network also forgets about it you can resend it with a higher fee. You can do this by

#1 close bitcoin core
#2 start bitcoin core with -zapwallettxes
#3 wait

To start bitcoin core with -zapwallettxes is different depending on your operation system, for windows you:

#1 hit win + r (to open "run")
#2 enter: c:\Program Files\Bitcoin\bitcoin-qt.exe -zapwallettxes
#3 confirm with "ok"
#4 bitcoin core will start normally (checking blocks) and rescan all transaction data, this can take a bit depending on your disk/cpu speed

[Rubberduckie]

all my transactions are taking forever also. My wife sent a small
amount using electrum wallet and that went very fast though.
Took hours earlier to receive .02

[Bitware]

Pay a reasonable tx fee you cheap bastards.

[bob123]

Higher fee, ofc, makes faster transactions.
But there might just be a lot of transaction in the network. Definetly will go through..

[calkob]

i get frustrated with this myself but there is obviously a problem somewhere if you are only sending the minimum fee then that might be the issue and also check in the settings of what ever software you are using sometimes there fees are lower than the network fee.  you know that transactions are actually very fact its the confirmations that are sometimes slow, if you can trust the other party then you are sorted already....


all the best
calkob

[pedrog]

i get frustrated with this myself but there is obviously a problem somewhere if you are only sending the minimum fee then that might be the issue and also check in the settings of what ever software you are using sometimes there fees are lower than the network fee.  you know that transactions are actually very fact its the confirmations that are sometimes slow, if you can trust the other party then you are sorted already....


all the best
calkob

Even if everyone paid 1 BTC/kb the problem is still there, not enough room for transactions.

I don't think bitcoin is in a position to start restricting it's use, adoption isn't nearly enough to this kind of thing, and it's certainly damaging adoption.

[Bitware]

i get frustrated with this myself but there is obviously a problem somewhere if you are only sending the minimum fee then that might be the issue and also check in the settings of what ever software you are using sometimes there fees are lower than the network fee.  you know that transactions are actually very fact its the confirmations that are sometimes slow, if you can trust the other party then you are sorted already....


all the best
calkob

Even if everyone paid 1 BTC/kb the problem is still there, not enough room for transactions.

I don't think bitcoin is in a position to start restricting it's use, adoption isn't nearly enough to this kind of thing, and it's certainly damaging adoption.

Isn't it the miners who choose the minimum fee they require to accept a transaction?