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Author Topic: Confirmations are getting faster ?  (Read 3041 times)
Sandroxa
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June 14, 2016, 01:48:47 PM
 #21

Its just luck don take it seriously lol. maybe on the time that you make a payment or payment request theres not that much entry on block chain  I think thats the reason why you experience faster confirmations
The most people with Bitcoin are using it as a payment method and that would be really nice for the currency itself so that is nice but you have also to know that it can takes a long time until the value will be higher of the Bitcoin.
It is so nice to see that there will be more people that is going to use Bitcoin and that they are making it more popular and the halving is coming as well so that would be perfect.
rizzlarolla
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June 14, 2016, 01:52:40 PM
 #22

BTW network is going shit again, 20 MB unconfirmed transactions:

https://btc.com/
Not really; stop posting nonsense. There's actually ~1.5 GB of unconfirmed spam and the network is just fine:


i still have 4 transaction waiting for confirmation.. just suck they are 4 hours ago.
Then the fee that you have included is not adequate for the transaction size.



I don't feel that much difference as my TX's usually confirm within the next block. However, it does seem like the interval has lowered a bit more on average. Maybe more hashrate has been added.

20mb of less spammy transactions.

Lauda, you do not know that Target did not pay the correct fee.
Right now there are over 10000 transactions paying 50 sat (recommended) and over. (taken from Bitcoinfees21.co)
Only 2000 will fit in the next block, and 2000 in the block after.

The correct fees MAY have been paid.
This is what Cores fee market looks like. I'm surprised you didn't know.
Get used to it.
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June 14, 2016, 01:55:49 PM
 #23

20mb of less spammy transactions.
Less spammy does not imply != spam.


Lauda, you do not know that Target did not pay the correct fee.
Right now there are over 10000 transactions paying 50 sat (recommended) and over.
Only 2000 will fit in the next block, and 2000 in the block after.
What are you talking about? That is not true according to the source that I tend to use:


There's over 40 thousand transaction paying a 1-10 satoshis/byte fee, also known as spam.

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rizzlarolla
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June 14, 2016, 02:00:33 PM
 #24


Now 21 fees have moved up. From 50 to 70 sat.
https://bitcoinfees.21.co/

All the 50 sat payers, who paid the recommended fee half an hour ago are now stuck, underpaying.
Spam to you?
pedrog
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June 14, 2016, 02:01:59 PM
 #25

i still have 4 transaction waiting for confirmation.. just suck they are 4 hours ago.

You'll probably need to wait a lot more if you paid less than 50 satoshi/byte.

Newer transactions with bigger fee will take precedent, if transaction rate doesn't go down your transactions will never confirm and eventually will get drop.

https://btc.com/stats/unconfirmed-tx

BTCBinary
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June 14, 2016, 02:03:30 PM
 #26

Its possible... if the transaction number is increasing it is probable that miners are starting to accept every transaction they can get no matter if it has fee or not. the more transactions they process the more the more chances they'll have of earning.
isen
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June 14, 2016, 02:05:39 PM
 #27

Is it me (just luck) or the confirmations are really getting faster ? last time I got transaction confirmed in eight minutes and now in 2 minutes only while I was getting them in like 15-20 minutes.
hmm not really,it seems that it is only you i can't say that my latest confirmations were so fast,hopefully this will change soon.
rizzlarolla
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June 14, 2016, 02:07:37 PM
 #28

Its possible... if the transaction number is increasing it is probable that miners are starting to accept every transaction they can get no matter if it has fee or not. the more transactions they process the more the more chances they'll have of earning.

It's not possible. Cant you read?

Miners will not take a zero or very low fee transaction.
(that is the spam Lauda is talking about)
Even if you pay 50 sat/byte you will not get in the next block. (at this moment)
HeroCat
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June 14, 2016, 02:20:47 PM
 #29

I do not think, that BTC confirmations times are much faster, can be more than 24 hours or so.  Wink
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June 14, 2016, 02:24:45 PM
 #30

Its possible... if the transaction number is increasing it is probable that miners are starting to accept every transaction they can get no matter if it has fee or not. the more transactions they process the more the more chances they'll have of earning.

It's not possible. Cant you read?

Miners will not take a zero or very low fee transaction.
(that is the spam Lauda is talking about)
Even if you pay 50 sat/byte you will not get in the next block. (at this moment)


that is expected it has to do with the block limit, no matter what the fee are, even if you pay the correct one, there can not be more than a certain number of tx per block, so the other will remain stuck until the next block or the one after that

there is an heavy queue position right now, it's clearly all due to the limitation, fee matter almost zero here

actually the more tx per day there are the more chances that those that payed correclty will be slower, unless the majority are always the one in the 1-10s/byte range like it happen to be from that source
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June 14, 2016, 02:25:57 PM
Last edit: June 14, 2016, 03:34:47 PM by rizzlarolla
 #31

What are you talking about? That is not true according to the source that I tend to use:


There's over 40 thousand transaction paying a 1-10 satoshis/byte fee, also known as spam.

That is 21,co, the same site I sourced.

Forget the spam for a minute Lauda. (1 - 10 is not a recommended fee)
I am talking about recommended fee payers.

Screenshot the 50 sat/byte. (8700 transactions at 50)
An hour ago (or less) 50 sat/byte was the recommended fee.
Now all those fee payers, who thought they had paid correctly (cos they did) are at the moment stuck in underpaying limbo.


edit. spelling
Edwardard
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June 14, 2016, 02:26:13 PM
 #32

Is it me (just luck) or the confirmations are really getting faster ? last time I got transaction confirmed in eight minutes and now in 2 minutes only while I was getting them in like 15-20 minutes.
you were lucky and nothing else. once i also got 1 confirmation in 30 seconds only. miners mine the block just after you make a transaction so your transaction gets confirmed very faster. it is just a matter of luck.
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June 14, 2016, 02:30:04 PM
 #33

I think you're getting good luck, for some people to confirm about + 15 minutes. I too have experienced anything like you, but I can get it just once in the transaction I do. But it is not a problem, because the Bitcoin is the most profitable currency
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June 14, 2016, 02:33:12 PM
 #34


Now 21 fees have moved up. From 50 to 70 sat.
https://bitcoinfees.21.co/

All the 50 sat payers, who paid the recommended fee half an hour ago are now stuck, underpaying.
Spam to you?

You're full of problems, and not interested in credible solutions. Constant negativity only attracts negative people, do try to come up with something more appealing, it's possible someone might even listen to you

Vires in numeris
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June 14, 2016, 02:40:17 PM
 #35

Is it me (just luck) or the confirmations are really getting faster ? last time I got transaction confirmed in eight minutes and now in 2 minutes only while I was getting them in like 15-20 minutes.
You are so lucky, but not for me, I must waste a long time only to wait for block confirmation, I'm frustrated to wait for that. take some hour to wait for block confirmation.

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rizzlarolla
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June 14, 2016, 02:48:18 PM
 #36


Now 21 fees have moved up. From 50 to 70 sat.
https://bitcoinfees.21.co/

All the 50 sat payers, who paid the recommended fee half an hour ago are now stuck, underpaying.
Spam to you?

You're full of problems, and not interested in credible solutions. Constant negativity only attracts negative people, do try to come up with something more appealing, it's possible someone might even listen to you

Reality. Full of reality.
(i'm very interested in solutions. you ignore my solutions)

Not knocking Mr knight for his efforts for a credible solution but,

All (i think, at a glance) the solution is is to use RBF, then out pay nearly/all other users.
Very complicated. And cannot solve the issue here.
Reccommended fee payers will (can be) out bid.
They in turn can (will have to) out bid the new recommended fee payers.

We cant all fit in to 1mb anymore. Fees can only stop people transacting (prohibitively expensive), they cannot make more block space any other way.
As i said earlier, if Lauda gets into the next block, someone else cannot.

Fees cant change that.
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June 14, 2016, 02:51:14 PM
 #37

I have had a few that went through super quick and then some others that have taken a bit of time, it all depends on luck and the fee.
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June 14, 2016, 02:51:37 PM
 #38


Now 21 fees have moved up. From 50 to 70 sat.
https://bitcoinfees.21.co/

All the 50 sat payers, who paid the recommended fee half an hour ago are now stuck, underpaying.
Spam to you?

You're full of problems, and not interested in credible solutions. Constant negativity only attracts negative people, do try to come up with something more appealing, it's possible someone might even listen to you

I'm not seeing how this increases transaction capacity...

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June 14, 2016, 02:52:06 PM
 #39

If you pay high enough fee you always have fast confirmations.

BTW network is going shit again, 20 MB unconfirmed transactions:

https://btc.com/

Hey, have a look here Smiley

I just rolled out these Bitcoin queue real-time charts for fun...
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June 14, 2016, 02:54:32 PM
 #40

i don't know if it's getting faster or maybe it is just a luck , but last night i received my 0.03 in just 20-25 minutes i don't know what's the exact time . but i think it's not really getting faster because other people are complaining that they have a delayed transactions and it takes an hour before they received their btc  Grin Grin
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