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Author Topic: How long will this take?  (Read 3010 times)
rezilient
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March 01, 2016, 11:32:35 AM
 #21

Thats one more proof that we urgently need to increase the blockzise.
Block are already full and ths kind of dealys are getting to be more common. This is bad because it causes a lot of issues between buyers and sellers.
It can even mine the trust in bitcoin on businesses as shops who are already accepting bitcon.

Yep, I've encountered this delays occasionally which sometimes pisses me of cos i do not like waiting for hours to get it credited.

You don't pay enough.
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Whoever mines the block which ends up containing your transaction will get its fee.
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March 01, 2016, 11:34:57 AM
 #22

I think it would need allot of time is needed maybe a day or more, Not sure if it will or won't be reversed.
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March 01, 2016, 11:35:36 AM
 #23

What wallet are you using? Maybe it is time to try out the Replace-by-fee feature now.

Be safe and use a .0005 fee until we get a blocksize increase.
It is an attack, a block size increase wouldn't help much.

I am using Blockchain.info's integrated chrome wallet.

Before I sent the transaction the wallet already notified me to adjust the fees automatically and my priority was set to medium. So it deducted a normal fee of 0.0002 btc which is I think normal for most transaction.

Heck even now the unconfirmed transaction has reached over 35K! Huh

Guys please do not suggest here for a blocksize increase because that is a useless suggestion for now.

There's nothing you can do now, just wait, like every other 34k transactions. Needless to say someone is spamming the network and trying to "hur dur, see? We need more blocksize" while this was already been made. Two times.

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March 01, 2016, 11:43:04 AM
 #24

Yesterday I bought paypal money in exchange with btc and the deal was smooth as usual.

I sent the bitcoins and the transaction is here > https://live.blockcypher.com/btc/tx/2c8e29c797ec493df08b35b4012029445ea2bc420e32a685e6708f359a0ad5af/

Already 15 hours has passed and not a single confirmation has been done. Will this transaction reverse or just take more time than usual because of blockchain spams transactions?

I do not really think the fees is too low. Is it?

As you can see here there is a congestion in the network https://blockchain.info/unconfirmed-transactions maybe someone is spamming the network, which is why even the transactions with the normal fees are taking too long to confirm, but it will ultimately subside and when it does, your transaction should go through.

I haven't experience this transactions maybe its because I don't have much of it. I am even innocent to transact this kind of process. I am not even sure if this is safe for me or if I am doing the right thing. Or should I trust someone if ever I need this and have everything process out. I really need to learn a lot from here.. Thank you setting this example.

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March 01, 2016, 11:48:17 AM
 #25

I Also have transactions that's been waiting for confirmation for ever. Increased blocksizes might be a good thing after all Wink
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March 01, 2016, 11:58:20 AM
 #26

So far the situations getting better atm im checking the site https://blockchain.info/unconfirmed-transactions every hour earlier its about 36k now its 31k hope the issue will be over tomorrow

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March 01, 2016, 12:06:51 PM
 #27

So far the situations getting better atm im checking the site https://blockchain.info/unconfirmed-transactions every hour earlier its about 36k now its 31k hope the issue will be over tomorrow

tomorrow it will be 50k

too much empty blocks from pools , this will happen more and more

and people don't care of this , they will continue to mine at antpool and other fuck.ng chinese pools
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March 01, 2016, 02:41:48 PM
 #28

I am using Blockchain.info's integrated chrome wallet.
That's unfortunate. You can't use RBF then. Please consider using local wallets (Core, Electrum, Multibit).

Heck even now the unconfirmed transaction has reached over 35K! Huh
It is an attack on the network.

Guys please do not suggest here for a blocksize increase because that is a useless suggestion for now.
It is useless because: A) We can't implement it quickly and there is no consensus; B) It doesn't solve anything and we'd be dealing with the same problem.

Increased blocksizes might be a good thing after all Wink
It won't solve the problem.

tomorrow it will be 50k
It is an attack so we can't really know.

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March 01, 2016, 03:02:33 PM
 #29

So far the situations getting better atm im checking the site https://blockchain.info/unconfirmed-transactions every hour earlier its about 36k now its 31k hope the issue will be over tomorrow

tomorrow it will be 50k

too much empty blocks from pools , this will happen more and more

and people don't care of this , they will continue to mine at antpool and other fuck.ng chinese pools

Spot on man, even if the block-size was 2 MB if pools aren't filling them with transactions it won't matter.

Just a few examples from today:

  • AntPool - Block 400682  Size 0.2 kb
  • AntPool - Block 400657  Size 0.21 kb
  • BTTC Pool - Block 400627  Size 2.1 kb
  • BTTC Pool - Block 400624  Size 2.63 kb
  • BW.COM - Block 400610  Size 0.22 kb

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March 01, 2016, 03:27:59 PM
 #30

Looking at your transaction size it is 1600+ bytes and normal fee per bytes is 30sat so you should have pay 50000 satoshi for smooth transaction. Don't worry if it has some fee assigned it will go thorough after some hours or days.

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March 01, 2016, 04:44:49 PM
 #31

Yesterday I bought paypal money in exchange with btc and the deal was smooth as usual.

I sent the bitcoins and the transaction is here > https://live.blockcypher.com/btc/tx/2c8e29c797ec493df08b35b4012029445ea2bc420e32a685e6708f359a0ad5af/

Already 15 hours has passed and not a single confirmation has been done. Will this transaction reverse or just take more time than usual because of blockchain spams transactions?

I do not really think the fees is too low. Is it?
i ever experienced the transaction for 3 days, and very confused by what was happening, but I eventually did not do anything until the transaction was confirmed on the third day. I think, just wait a few days.

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March 02, 2016, 05:16:12 AM
 #32

Just a good news for everyone!

The transaction got confirmed 4 hours ago and the spam attack has been subsided down. Now you can see the unconfirmed transaction is always under 15K before a block is formed.

Anyways if you look into the transaction on Blockcypher (https://live.blockcypher.com/btc/tx/2c8e29c797ec493df08b35b4012029445ea2bc420e32a685e6708f359a0ad5af/) the transaction was broadcasted more than 24 hours ago and the exact time was show there until 1 confirmation and it is showing 4 hours ago. I think all normal transactions got re broadcasted automatically and all spam transactions got rejected.

From what I believe increasing the block size will never solve this kind of problems. Anyone can attack more than what was done yesterday.
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