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Author Topic: Bitcoin really is going down the toilet.  (Read 1173 times)
edmundduke (OP)
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April 01, 2016, 03:02:39 PM
 #1

It really is getting ridiculous. When sending any meaningful amounts of BTC the TX's get ignored for hours, it has gotten so bad that at this point i would take any damn solution, call it Bip 9000 and have NSA put backdoors in it if you want but this god damn snail pace coin confirming needs to stop.
Someone make a service to push TX through, i would happily pay for it.

/Rant
lolgato1
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April 01, 2016, 03:06:12 PM
 #2

It seems like it's not a block confirmation taking long but not enough fee it's probably because all the people who place there transaction had higher fee than you so obviously they will take the ones with higher fees? I only had that happen to me once and it was because I had a low fee.


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avikz
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April 01, 2016, 03:18:32 PM
 #3

Yes, low network fees transaction takes longer than normal transactions. That might be a reason. I usually get my transactions funded within 30 minutes. Never had any problem like yours.

But don't worry, even if it takes time, it will eventually be cleared. Only it will take longer time. That's it!

BitcoinSupremo
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April 01, 2016, 03:24:28 PM
 #4

Do you maybe put lower than recommended transaction fees? If thats the case its normal your transaction will take ages to confirm. Just use a wallet like Electrum which automatically choose the recommended fee for you so max you wait 1 hour when the network is superbusy otherwise 10 minutes is enough for 1 confirmation. We all need that 1 confirmation so we can have those BTC spendable right away.
edmundduke (OP)
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April 01, 2016, 03:27:57 PM
 #5

No i did not put a "lower" fee. The thing is BTC itself is bloated as fuck thats the issue, i was always supporting "core" but if any other team can now say they will fix it right away i would support them as this is just unacceptable.
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April 01, 2016, 03:28:27 PM
Last edit: April 01, 2016, 08:05:44 PM by theymos
 #6

That typically only happens when you're using a wallet with a fixed fee. Fees need to be dynamically adjusted according to network conditions. Bitcoin Core does this, as do a few other wallets.

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April 01, 2016, 03:35:16 PM
 #7

Someone make a service to push TX through, i would happily pay for it.

Then why not just pay an appropriate fee?  Surely that would be cheaper than having to send a fee (with another tx fee) to pay for a service to allow you to circumvent paying a larger fee to send your transaction.


No i did not put a "lower" fee. The thing is BTC itself is bloated as fuck thats the issue, i was always supporting "core" but if any other team can now say they will fix it right away i would support them as this is just unacceptable.

Show us the transaction you're complaining about so we can point out that you're wildly underpaying for the service you're expecting.

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edmundduke (OP)
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April 01, 2016, 03:43:44 PM
 #8

Someone make a service to push TX through, i would happily pay for it.

Then why not just pay an appropriate fee?  Surely that would be cheaper than having to send a fee (with another tx fee) to pay for a service to allow you to circumvent paying a larger fee to send your transaction.


No i did not put a "lower" fee. The thing is BTC itself is bloated as fuck thats the issue, i was always supporting "core" but if any other team can now say they will fix it right away i would support them as this is just unacceptable.

Show us the transaction you're complaining about so we can point out that you're wildly underpaying for the service you're expecting.

I sent it with default fees, MB wallet sends it like this:

https://blockchain.info/tx-index/5bc33bf29987c995cb9c11f052c5b2792b5890e414806fc27df7a7fe93101c45
pereira4
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April 01, 2016, 04:12:31 PM
 #9

Never had a problem with the speed of transactions using Bitcoin Core and even from an exchange or from a casino back to core it's still pretty fast considering you are getting the most secure transfer on earth and in a decentralized network.
You will have to deal with it until we have Lightning Network if you want super fast + cheap transactions.
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April 01, 2016, 04:14:35 PM
 #10


what's a MB wallet? that transaction only includes 0.0001 fee for 1kb transaction so of course it will take long. wallets may have "default fees" but the network doesn't, the fees always changes according to the current condition. in the future I suggests that you take a look what's the current recommended fees on https://bitcoinfees.21.co/ first before sending.

Trusted an exchange that climbed to the top 3 in just under 2 years with your money? you are fucking stupid.
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April 01, 2016, 04:18:34 PM
 #11


what's a MB wallet? that transaction only includes 0.0001 fee for 1kb transaction so of course it will take long. wallets may have "default fees" but the network doesn't, the fees always changes according to the current condition. in the future I suggests that you take a look what's the current recommended fees on https://bitcoinfees.21.co/ first before sending.
I think he is saying he uses MultiBit as a uᴉoɔʇᴉq wallet. MB for short form of not having to write out entire wallet's name. I would suggest trying from a different wallet as I have had similar issues with that one, so I tend to stay away from ones that have reoccurring problems.
I do not want to play with my bitcoins.

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Avirunes
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April 01, 2016, 04:19:58 PM
 #12

Someone make a service to push TX through, i would happily pay for it.

Then why not just pay an appropriate fee?  Surely that would be cheaper than having to send a fee (with another tx fee) to pay for a service to allow you to circumvent paying a larger fee to send your transaction.


No i did not put a "lower" fee. The thing is BTC itself is bloated as fuck thats the issue, i was always supporting "core" but if any other team can now say they will fix it right away i would support them as this is just unacceptable.

Show us the transaction you're complaining about so we can point out that you're wildly underpaying for the service you're expecting.

I sent it with default fees, MB wallet sends it like this:

https://blockchain.info/tx-index/5bc33bf29987c995cb9c11f052c5b2792b5890e414806fc27df7a7fe93101c45

Well you paid only 0.0001 fees that was very much low for a 4BTC transaction.I recommend you to use web wallet to adjust fees that is rightly available in " Send" section.However you can check this to adjust fees rates :- https://multibit.org/en/help/hd0.1/fees.html


MultiBit HD Desktop Wallet
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April 01, 2016, 04:25:02 PM
 #13

Well you paid only 0.0001 fees that was very much low for a 4BTC transaction.

no please. large amount of BTCitcoin doesn't mean you have to pay higher fees. if anything that will make the transaction have higher priority because of the high amount of btc transferred.
it's the large size of the transaction that makes it require higher fees.

what's a MB wallet?

MultiBit Desktop Wallet

ah I see.

Trusted an exchange that climbed to the top 3 in just under 2 years with your money? you are fucking stupid.
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April 01, 2016, 04:27:55 PM
 #14

It really is getting ridiculous. When sending any meaningful amounts of BTC the TX's get ignored for hours, it has gotten so bad that at this point i would take any damn solution, call it Bip 9000 and have NSA put backdoors in it if you want but this god damn snail pace coin confirming needs to stop.
Someone make a service to push TX through, i would happily pay for it.

/Rant

That is because of the mining monopoly. Do you mine B1tcoin at home? No, you cant. Bitc0in is run by two or three mining monopolists.

Satoshis idea died.

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April 01, 2016, 04:33:28 PM
 #15

It really is getting ridiculous. When sending any meaningful amounts of BTC the TX's get ignored for hours, it has gotten so bad that at this point i would take any damn solution, call it Bip 9000 and have NSA put backdoors in it if you want but this god damn snail pace coin confirming needs to stop.
Someone make a service to push TX through, i would happily pay for it.

/Rant

That is because of the mining monopoly. Do you mine B1tcoin at home? No, you cant. Bitc0in is run by two or three mining monopolists.

Satoshis idea died.

you need to check again satoshi's quote, because 2-3 big pool was exactly in the mind of satoshi when he was thinking about long term mining
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April 01, 2016, 04:34:48 PM
 #16

Someone make a service to push TX through, i would happily pay for it.

Then why not just pay an appropriate fee?  Surely that would be cheaper than having to send a fee (with another tx fee) to pay for a service to allow you to circumvent paying a larger fee to send your transaction.


No i did not put a "lower" fee. The thing is BTC itself is bloated as fuck thats the issue, i was always supporting "core" but if any other team can now say they will fix it right away i would support them as this is just unacceptable.

Show us the transaction you're complaining about so we can point out that you're wildly underpaying for the service you're expecting.

I sent it with default fees, MB wallet sends it like this:

https://blockchain.info/tx-index/5bc33bf29987c995cb9c11f052c5b2792b5890e414806fc27df7a7fe93101c45

Your transaction is almost 1kb big.
For that size the fee of 0,0001 BTC is too small I'd say.
50 satoshi per byte is recommended at the moment.
So 0,0004-0,0005 BTC as fee and you would have been fine.
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April 01, 2016, 07:03:45 PM
 #17


Ya, you're right on the line as far as transaction size and fee cost.  If you had paid a 0.00013 BTC fee I suspect it would have gone through within minutes.  Like theymos says above, use a wallet with dynamically adjusted fees.  It will actually save you money, as smaller transactions would use a fee less than the current 0.0001 BTC you are paying.

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April 02, 2016, 02:59:37 AM
 #18

Try electrum OP, set the fee to dynamic 50k Sats per kb (0.0005 BTC/Kb), your fee would be auto adjusted in all the transactions you make and all of them will confirm within the next 2 blocks.

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April 02, 2016, 03:10:42 AM
 #19

It really is getting ridiculous. When sending any meaningful amounts of BTC the TX's get ignored for hours, it has gotten so bad that at this point i would take any damn solution, call it Bip 9000 and have NSA put backdoors in it if you want but this god damn snail pace coin confirming needs to stop.
Someone make a service to push TX through, i would happily pay for it.

/Rant

I don't know what wallet or service you are using?
Usually my transactions doesn't take that long. One our max, but they come eften come much ealier.
Are you sure this wasn't an april's foll?
Rubberduckie
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April 02, 2016, 04:00:31 AM
 #20

for the past week all my transactions are taking forever even
with the recommended amount of fees

The other night I finally just went to sleep as I was tired of waiting for nitrogen
to get my cash to my wallet.

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