My first confirmation is taking way to Effing long!!!

[shorena]

My mempool is at ~1.2 GB and showing 40k unconfirmed transactions. However, keep in mind that most of this is spam:

As long as your fee is adequate you will be fine. Delay will only occur when there is unusual block timing.

so,how big influence of fee to the transaction confirmations?is bigger fee equal with faster transaction confirmation?
glad to hear your explanation,i'm sure people here wondering about this too.

Essentially yes, but there is a point where its no longer helping you to pay a higher fee. Think of it like there is space for roughly 2000 TX in the next block. Miners will try[1] to put the most fees per byte in the block as possible to maximize their reward[2]. If e.g. a 42 satoshi/byte fee puts your TX in the top 2000 that is enough and paying a higher fee will not make your TX confirm faster. You might even make the top 2000 with 30 or even 25 satoshi/byte. Maybe the next two blocks are enough for you so you only pay 20 satoshi/byte. Since you dont know which other transactions are issued into the network after yours but before the block is found, you can never be 100% sure your TX will be in the next block. You can however pay a reasonable high fee and will very likely be included. Its very unlikely that there are suddently 2017 transactions paying a 1 BTC fee each.

All this is only relevant for the first confirmation, all subsequent confirmations are given for any block found on top of the one that puts your TX into the blockchain.

[1] its a difficult problem, see -> https://en.wikipedia.org/wiki/Knapsack_problem
[2] this will become a more pressing issue in the future when the blockreward is reduced further

[1714640450]

1714640450

[h3rlihy]

I can understand the pain of slow transactions but I've personally just got used to the idea that bitcoin isn't always reliably fast. Whenever I send anything I generally expect it to show up within 2 hours and haven't been disappointed yet

[yenxz]

I can understand the pain of slow transactions but I've personally just got used to the idea that bitcoin isn't always reliably fast. Whenever I send anything I generally expect it to show up within 2 hours and haven't been disappointed yet

agree with that,sometime bitcoin can't called as fast payment when some people pained by so long confirmation transaction,but anyway bitcoin still have fast transaction.

[bob123]

Cant really add anything to this thread without TX ID.
could be serious, but could be spam too.

[Bit_Happy]

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

[MingLee]

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

Eh, I don't care whether or not there is a block taking a long time.

It's like a wire transaction or a check, it can take a long time without the proper infrastructure to move funds quickly.

Facing reality is just whether or not you can wait for a block, and assuming Bitcoin reached a fair amount of popularity in the real world, there would be a program that would mitigate this effect, almost guarantee it.

[Jasad]

Hi all,
Based on past experience, I can predict the first one or 2 people to try to complain about this type of post, so F offf...
My first confirmation is taking way to Effing long!!!

This time, I gave more then the min. required fee, and the transaction still was ignored in a block with over 3,000 transactions.
I Love Bitcoin, but it has serious issues which need to be solved soon.

yes its will happen soon,people like you that new come into bitcoin world is normal if upset with bitcoin transaction,if that take so long,i will make sure that is rare to happen,so dont too worry about that.

[mobnepal]

I include 50% above the required fees, and am still having an absurd delay on some transactions.
When I do not actually use BTC it is much easier to fall in love with the idea.
Sorry, but some of you need to face reality...

Seems like you are trying to create some more panic to get cheap bitcoin hehe.
Yes bitcoin taking long time than 10 minutes sometimes if you use online wallet where they fail to sync every 10 minutes and get sync only after 30 to 40 minute and sometime within 1 to 2 minute. This is quite anonying for me tooo, i don't have experience with real bitcoin hardware wallet.

[Lauda]

Yes bitcoin taking long time than 10 minutes sometimes if you use online wallet where they fail to sync every 10 minutes and get sync only after 30 to 40 minute and sometime within 1 to 2 minute.

What is this supposed to mean? What kind of wallet are we talking about?

Cant really add anything to this thread without TX ID.
could be serious, but could be spam too.

Indeed.

I include 50% above the required fees, and am still having an absurd delay on some transactions.

Again, it comes down to satoshi/byte at the time and the size of your TX. A fee of X will work for some of your transactions, but might not work for some other ones (e.g. due to size).