Real-Duke
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Top Crypto Casino
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June 09, 2016, 12:44:28 PM |
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I have some old bitcoins. When I do transactions, I usually send these coins first. They have higher priority so transaction is faster.
Old bitcoins are like a good old wine! With other words I hold all my coins and in ten years it needs no block to confirm a payment..surely
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ObscureBean
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June 09, 2016, 12:51:49 PM |
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Yea it's happened to me as well a few where it takes a while to confirm, don't know about a full hour though. I'm assuming you've included the recommended fee so all you have to do now is wait. The lightning network is around the corner so don't despair
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Snorek
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June 09, 2016, 01:13:28 PM |
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If someone is saying that you need to include bigger fees to make sure your transaction is processed faster, then this is not really solution to the low confirmation times problem but rather it feels more like a workaround. Shouldn't fast confirmation be a standard with normal fee rates? Do you have to be BTC expert ans manually set every fee rate to be experiencing cryptocurrency in the fullest?
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BitcoinHodler
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June 09, 2016, 01:16:07 PM |
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bitcoin transactions are still fast enough to be considered faster. if you are looking for anything faster than this then you have to look somewhere else like looking into altcoins and also accept the flaws they have
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Holding Bitcoin More Every Day
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sobsitesearch
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June 09, 2016, 01:30:37 PM |
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Yes for me im very satisfied of the service of bitcoin its conviniet using it for my bills payment and in other transactions but theres a time my cash out took a lot of time before i recieved that was only 1 case
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jhenfelipe
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June 09, 2016, 01:38:14 PM |
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Based on my experience, all I can say is yes, btc transactions are still faster. Like earlier I transferred funds from my old to my new wallet address and it was pretty fast, after some second of clicking the send button, I already received it to my new wallet. That's why I'm still good in transacting bitcoins, easy and convenient indeed.
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akamit
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June 09, 2016, 01:53:33 PM |
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I think sometimes Bitcoin transactions become headache? Once I requested a payment from gambling site and it took over 2000 confirmations and maybe over 15 days. I don't know what was the problem, but I received the coins.
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wintermeasures
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June 09, 2016, 02:01:20 PM |
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Can we still say that bitcoin transactions are faster? I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.
what do you say about the transaction timing?
Of course I still say bitcoin transaction is the fastest and cheaper than other transactions. Maybe it happens because too much output you requested. but just take your transaction will be successful. Thank you
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Ains_sama
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June 09, 2016, 02:09:47 PM |
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Can we still say that bitcoin transactions are faster? I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.
what do you say about the transaction timing?
not fast but more simple payment processor
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jacee
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June 09, 2016, 02:11:41 PM |
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Can we still say that bitcoin transactions are faster? I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.
what do you say about the transaction timing?
Well, the transaction is fast unlike other payment processor, what we could say that is no longer fast is the conirmation of transactions which takes longer than usual these days.
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HeroCat
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June 09, 2016, 02:12:56 PM |
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BTC transaction time now is even ~ 28 hours. Of course it is a long time, for example bank payments are faster.
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Jasad
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= jasad =
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June 09, 2016, 02:14:53 PM |
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Can we still say that bitcoin transactions are faster? I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.
what do you say about the transaction timing?
yap ialso feel that bitcoin going fasterandinever heard about delay transactions,but i think blockchain also have higher fees that last time i create transaction. but this is will good for us and better transaction should require higher fees.
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poplolnman
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June 09, 2016, 02:24:47 PM |
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BTC transaction time now is even ~ 28 hours. Of course it is a long time, for example bank payments are faster. that case are rare , i can say it could happened 1 from 100,000 transaction. it's happened to me too sometimes. but i believe bitcoin are the fastest payment processor so far. bitcoin just need to make it consistent confirming the transaction in 1 conf only , i don't know how the techincal bitcoin network so i may could be wrong.
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I'm in 400,000 euros debt , dont help me , i rather die
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Lauda
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June 09, 2016, 02:50:53 PM |
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Well, the transaction is fast unlike other payment processor, what we could say that is no longer fast is the conirmation of transactions which takes longer than usual these days.
No, it does not. It requires the exact same amount of time that it always did, 10 minutes on average per confirmation. BTC transaction time now is even ~ 28 hours. Of course it is a long time, for example bank payments are faster. Wrong. Transaction time is: ~1-3 seconds. Confirmation time is: ~10 Minutes. that case are rare , i can say it could happened 1 from 100,000 transaction. it's happened to me too sometimes.
No. There is no chance of this happening if you know how to properly use Bitcoin (which includes both knowing what causes these things and knowing how to avoid them). The chance for a confirmation time of 28 hours for a proper transaction (assuming rational size, and adequate fee) is 0. bitcoin just need to make it consistent confirming the transaction in 1 conf only
This sentence does not make sense. Maybe you've meant after 1 block?
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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n2004al
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June 09, 2016, 02:57:47 PM |
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Can we still say that bitcoin transactions are faster? I have send some of my bitcoins to an address and about one hour has been passed but still there is not even a single confirmation.
what do you say about the transaction timing?
I don't see any significant change at the time of confirmation. And as for me cannot be seen. The confirmation is connected mainly with the time of "producing" of a new block and the time between two blocks is fixed and cannot be changed (about 10 min). If there can be some blocks which are produced fast there must be some others which will be produced late. Your confirmation depends from the time in which is made.
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noormcs5
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June 09, 2016, 02:59:03 PM |
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Yea it's happened to me as well a few where it takes a while to confirm, don't know about a full hour though. I'm assuming you've included the recommended fee so all you have to do now is wait. The lightning network is around the corner so don't despair I think if we use the recommended network fee then it is most likely that transcation will be completed on time. However if we lower the transcation fee then it is most likely that the confirmation takes considerable larger times to complete.
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Assmaster2000
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June 09, 2016, 03:00:33 PM |
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Wrong. Transaction time is: ~1-3 seconds. Confirmation time is: ~10 Minutes.
Dropping a check in the mail is ~1-3 seconds too. Of course, the recipient won't be able to spend the money until the check clears, but that's no different from your unconfirmed transaction.
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Lauda
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June 09, 2016, 03:02:46 PM |
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Dropping a check in the mail is ~1-3 seconds too. Of course, the recipient won't be able to spend the money until the check clears, but that's no different from your unconfirmed transaction.
Who says that you have to be able to spend that money instantly? I've used a lot of services which delivered the expected goods as soon as the TX arrived at their destination. This is a clear case of false analogy.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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Assmaster2000
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June 09, 2016, 03:05:39 PM |
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Dropping a check in the mail is ~1-3 seconds too. Of course, the recipient won't be able to spend the money until the check clears, but that's no different from your unconfirmed transaction.
Who says that you have to be able to spend that money instantly? I've used a lot of services which delivered the expected goods as soon as the TX arrived at their destination. You're comparing apples and tomatoes. So you agree, bitcoin's fast, like checks in the mail? or?
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Lauda
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June 09, 2016, 03:07:07 PM |
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So you agree, bitcoin's fast, like checks in the mail? or?
Stop with the false analogies. Bitcoin is faster than anything available from the traditional system.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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