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Author Topic: Can we still say that BTC transactions are faster?  (Read 3957 times)
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June 11, 2016, 12:33:48 PM
 #101

I also think that it is still faster just delayed but I think it will be back to normal after july.
It's not delayed because of that's always repeated and waste my time only to wait for clock confirmation, I hope there is a way about this problem.
Wait for LN project to solve this problem.

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June 11, 2016, 12:43:13 PM
 #102

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?
sometime it not take much time but sometime it can take long time to get only 1 confirmation , i always fix fee about 0.0002 BTC but i think it always depends from the miner and not from fee
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June 11, 2016, 12:43:56 PM
 #103

of course bitcoins transactions are the fastest you just have to include the correct amount of fees

 
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June 11, 2016, 12:45:34 PM
 #104

I think faster means that it's easy to do the transaction, not how long does it takes for each transaction. Because if we use another payment system (like bank), it will take a while for us to go to the bank first. But with Bitcoin, we can do it whenever and wherever we want.

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June 11, 2016, 12:55:33 PM
 #105

I think faster means that it's easy to do the transaction, not how long does it takes for each transaction. Because if we use another payment system (like bank), it will take a while for us to go to the bank first. But with Bitcoin, we can do it whenever and wherever we want.
For me sorry that i can not say that btc transactions is faster than the other transaction.. if you try other company like paypal or perfect money if you send funds to other you can get it instantly unlike bitcoin.. if you are relaying how easy to transact bitcoin to other wallet how easy paypal or perfectmoney?

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June 11, 2016, 01:02:10 PM
 #106

I would say its average because we can't compare it to paypal as paypal is proven and tested while BTC is presently progressing  and is not well maintain as paypal. When I compare money transfers between two banks in the same country I would say we just have to wait for just a minute to see our transfer reflect to our ATM but I think its not hours compared to BTC. We have this pawnshop at my country (better not to say) that it is instant as long as the sender would send the code to his receiver and can withdraw the money to any outlet of it.
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June 11, 2016, 01:05:48 PM
 #107

i think for now bitcoin is better than the other payment because bitcoin transaction very simple and not really need to do some verification , waiting for review , etc
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June 11, 2016, 01:10:05 PM
 #108

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?


still faster then banks on saturday and sunday.......... love having to wait 3 days before i get my money sending to another bank in the same country.
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June 11, 2016, 01:13:36 PM
 #109

That's because it only ever applied to free transactions, which miners are indeed moving away from. Core still prioritises free transactions this way when mining, but you need to change the default settings to allow free transactions in the first place. Most miners don't, but since some do, this is what determines whether a particular free transaction will take several days to be confirmed or never. It's probably better to just pay the recommended fee than to rely on this behaviour, though.
So my assumption was correct, thank you for the information. The times of 'free transactions' are behind us.

It's not delayed because of that's always repeated and waste my time only to wait for clock confirmation, I hope there is a way about this problem.
This does not make sense.

Wait for LN project to solve this problem.
LN is not trying to solve "this problem". One could argue that it will be able to provide near instant transactions (only after you have locked funds) since it doesn't require confirmations.

I would say its average because we can't compare it to paypal as paypal is proven and tested while BTC is presently progressing  and is not well maintain as paypal.
Nonsense. Bitcoin is proven and tested as well and has better "network health" (the up-time is 99.990285451% according to the website that tracks this).

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June 11, 2016, 01:47:54 PM
 #110

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?

bank transactions and other methods often take days and are more expensive.

especially if you want them to be international and/or if you want to send very large or very small amounts.
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June 12, 2016, 08:03:54 AM
 #111

of course bitcoins transactions are the fastest you just have to include the correct amount of fees
Yes I too think it is fast in terms of sending payments, I have not encountered any difficulties ever since I use BTC as a means of payments. It might happen some times before when there was a stress test on bitcoin network.

Just put a little of 0.0001 btc as fees and it will not find any hassle in making faster bitcoin transactions within next 10 minutes.
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June 12, 2016, 08:56:52 AM
 #112

For me i can say transaction when in comes to bitcoins is not that too fast because always it needs confirmation it fakes 20-30mins when i am transfering in my wallet.and other transactions too.


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June 13, 2016, 06:10:31 PM
 #113

For me i can say transaction when in comes to bitcoins is not that too fast because always it needs confirmation it fakes 20-30mins when i am transfering in my wallet.and other transactions too.

yeah the transaction has so many confirmations before you received it to your wallet well the good thing is it only take an hour before it goes to your wallet but it will be great if it is the same with the others they only have few confirmations for those huge amount transaction how about bitcoin will be like that ?  Grin Grin
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June 14, 2016, 02:28:30 AM
 #114

not all the time that BTC transactions are faster,..
in my experience sometimes it delayed too much
before the confirmation send to my email,..but sometimes it is faster, Smiley
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June 14, 2016, 02:38:07 AM
 #115

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?
bitcoin transactions are very fast. just add 0.0001 btc fee per kilobyte and it will confirm in 15-20minutes or even faster than this. if it is not confirming then we can say that u have not spent enough fees.
I have tried this way and sometimes the problems is come back and waste all of my time only to wait for block confirmation. Does bitcoin need to improve their system on the transaction for now?

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June 14, 2016, 02:41:11 AM
 #116

It really depends on the fees that you use. If you use like 10k satoshis it might take longer than if you used 50k satoshis. I don't really think that the speed has improved.
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June 14, 2016, 02:48:42 AM
 #117

Yea after 1 confirmation.
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June 15, 2016, 06:36:29 PM
 #118

Bitcoins transaction are faster compare to other transaction that i did before,
though sometimes it takes long time to wait before the confirmation arrive in my email.. Smiley Wink
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June 22, 2016, 03:02:35 PM
 #119

definitely yes! bitcoin transaction are truly faster.  Maybe the transaction is being delay only if the net connection is very
poor so the confirmation in the email is not arriving at once. Smiley
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June 22, 2016, 03:31:24 PM
 #120

Bitcoin transactions were truly faster compared to any other sources that are being used by various people according to their own convenience. Within a short time transaction happens as a unconfirmed form but confirmation takes place in a short or too.

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    CRYPTO WEBNEOBANK    
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