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Author Topic: Bitcoin is too slow  (Read 8877 times)
neochiny
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July 07, 2016, 03:05:40 PM
 #161

Transactions are too slow. Will someone fix it or do we need a better coin?

have you tried paying higher fees for your transactions? i too sometimes have to wait for confirmations but i don't really
complain about it, miners prioritize high paying transaction fees and the cheap ones is the second priority, it wont hurt you
adding more transaction fee to speed up your confirmation and realize that bitcoin transactions are not slow.

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July 07, 2016, 03:38:24 PM
 #162

It seem pretty fast to me, usually around 15 to 20 minutes for confirmations. Maybe there is a coin that would be better, but I don't think bitcoin is going anywhere.
yes its also seems to me very fast. if you are talking about he price increase then view the previous 3 months record and then compare it to other crypto currencies then tell me either they are slow or fast.
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July 07, 2016, 03:43:13 PM
 #163

Transactions are too slow. Will someone fix it or do we need a better coin?

have you tried paying higher fees for your transactions? i too sometimes have to wait for confirmations but i don't really
complain about it, miners prioritize high paying transaction fees and the cheap ones is the second priority, it wont hurt you
adding more transaction fee to speed up your confirmation and realize that bitcoin transactions are not slow.

that's right just adding more few cents in the transaction fees won't hurt people's wealth,few cents can't even be used to buy cola and why need to wait transaction longer while few cents could help,but there's still exist people whose stingy enough to use 0.0001 fees nowadays unfortunately and keep complaining

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July 07, 2016, 06:02:25 PM
 #164

This thread was created to say the transactions are slow but i have experience it. It is really as fast as it can. The price is very slow in increasing now a days. Few weeks back, it really increased quickly to $800. But now a days it is very slow in increasing.
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July 07, 2016, 06:12:59 PM
 #165

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
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July 07, 2016, 06:27:38 PM
 #166

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
Yeah i experience too past 2 days and now that the transactions are very fast.. and i think this is because many miners are online right now thats why the confirmation is very fast..

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July 07, 2016, 06:30:09 PM
 #167

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
That is true,i have been waiting for long yesterday,but now i got it all.
It is really faster now,transactions which need 1 confirmation get's confirmated in about 10-15 minutes now.
I like this Wink
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July 07, 2016, 06:36:24 PM
 #168

maybe 10minute for a single transaction is quite long if you are paying for a snackbar but i see it on different point of view i think it normally makes our transaction secure and puts it inside a chain where it is not only permanent but also they are verified by nodes so for this kind of security the 10min time is worth

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July 07, 2016, 10:03:29 PM
 #169

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
That is true,i have been waiting for long yesterday,but now i got it all.
It is really faster now,transactions which need 1 confirmation get's confirmated in about 10-15 minutes now.
I like this Wink
That is good and i think confirmation of transaction is very usual in online that they need to secure all our transactions and they need to confirm if the other address is legit and there are no online transaction like bitcoin are instant.
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July 08, 2016, 12:05:43 AM
 #170

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
That is true,i have been waiting for long yesterday,but now i got it all.
It is really faster now,transactions which need 1 confirmation get's confirmated in about 10-15 minutes now.
I like this Wink
That is good and i think confirmation of transaction is very usual in online that they need to secure all our transactions and they need to confirm if the other address is legit and there are no online transaction like bitcoin are instant.
I dont know what really just happened but it looks for me like bitcoin transaction's are going faster and faster!
I did some transfer which need's 2 confirmation,and it got there in just 2 minutes,how is it possible?
I have been waiting few times about 3-4 hours for 1 conf,and it goes so fast now,smooth as hell!
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July 08, 2016, 12:33:20 AM
 #171

This time I think the bitcoin transactions and confirmations are getting faster right now , I have almost 10 transactions before and I received each of them in just 15 or 20 minutes I think the good day with bitcoin for this year is starting .
That is true,i have been waiting for long yesterday,but now i got it all.
It is really faster now,transactions which need 1 confirmation get's confirmated in about 10-15 minutes now.
I like this Wink
That is good and i think confirmation of transaction is very usual in online that they need to secure all our transactions and they need to confirm if the other address is legit and there are no online transaction like bitcoin are instant.
I dont know what really just happened but it looks for me like bitcoin transaction's are going faster and faster!
I did some transfer which need's 2 confirmation,and it got there in just 2 minutes,how is it possible?
I have been waiting few times about 3-4 hours for 1 conf,and it goes so fast now,smooth as hell!
I think bitcoin already upgrade their system because there are more users which is complaining about the long confirmation of their transaction and i think bitcoin should always gather the issues and concern about their services what is they need to improve to impress all the users.
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July 08, 2016, 03:11:29 AM
 #172

Transactions are too slow. Will someone fix it or do we need a better coin?

Bitcoin transactions are now faster than ever. When I tried transferring my bitcoin from blockchain wallet to my other blockchain wallet in an instant it is transferred. There will be delays if you send to or from an external account, but the delay is no longer within hours but only in minutes. If it will reach an hour 1 hour is a maximum time for waiting.
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July 08, 2016, 03:21:52 AM
 #173

I don't know why people are always ranting about bitcoin's confirmation taking a lot of time. Tbh, just move on to another wallet. Maybe the one that you have has a not-so-good service. Whenever I send bitcoin, it only takes 2 minutes. The maximum time is 10 minutes before the other party receives it. I use coins.ph (it's for the people of Philippines).

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July 08, 2016, 05:43:07 AM
 #174

The only thing that can be accelerated, if the recipients are waiting for confirmations - is to get to the nearest block. If the Commission is sufficient for normal priority transactions - this is a sure sign that it will soon be included in the list on the pools, and will not hang out for hours, waiting for an opportunity, when few transactions on the network, and pools that have no hitting inserted.
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July 08, 2016, 05:52:07 AM
 #175

Transactions are too slow. Will someone fix it or do we need a better coin?

Transactions are fast.

Confirmations can sometimes be slow depending on when a block is found.

Recently I have been finding the network quicker.

But still I think each block find average time is still quite good ~12 Minutes or so. (Don't quote me on this)

There is nothing that needs to be fixed... bar maybe block size (but thats debatable (I think its debatable))

The confirmations may take a while depending on a website but in general; Bitcoin transactions are indeed the fastest. Once a confirmation has been made then you are 100% sure that you're going to get your money. If you want to make a quic withdrawal to buy a sale why not plan ahead so that you can buy it when the sale is ready.
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July 08, 2016, 05:57:00 AM
 #176

how you can say that bitcoin transaction  is too slow  Huh i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .
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July 08, 2016, 06:51:22 AM
 #177

It seem pretty fast to me, usually around 15 to 20 minutes for confirmations. Maybe there is a coin that would be better, but I don't think bitcoin is going anywhere.
yes its also seems to me very fast. if you are talking about he price increase then view the previous 3 months record and then compare it to other crypto currencies then tell me either they are slow or fast.
yes it look fast if we examin the last three monts progress. but what about the last 2 weeks. while halving is approaching expecting tomorrow or day after tomorrow. i think for the last 2 week the bitcoin is stick. because the people were expecting tha the rate of bitcoin will cross the 1000 USD limit. but still nothing of such things are happening yet.
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July 08, 2016, 07:54:06 AM
 #178

how you can say that bitcoin transaction  is too slow  Huh i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .


But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.
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July 08, 2016, 08:54:35 AM
 #179

how you can say that bitcoin transaction  is too slow  Huh i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .


But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.

True, and if whats slow about bitcoin is in the exchange from bitcoin to currency then thats more on the banks, brokerage, or exchange rather than the bitcoin itself. Bitcoin is very fast for making payments as bitcoin allows one to move millions of dollars in just mere seconds!

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July 08, 2016, 09:02:51 AM
 #180

how you can say that bitcoin transaction  is too slow  Huh i also use bitcoin and i think bitcoin transaction is much more better than other like banks and bitcoin transaction is too faster .


But you have to exchange your btc in the currency that is accepted in your country and this will take a lon time, Isn't it?? If you can buy goods online then transaction is very good for user.
But i can able to exchange my bitcoin in currency in my country without any problem because in my wallet there is a rules that you will need to follow to exchange it easily and without delay. I think in your case there is a time or rules you can not follow that is why you encounter that problem
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