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illodin (OP)
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June 14, 2016, 03:35:42 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, but full nodes are more resource-heavy, and they must do a lengthy initial syncing process. As a result, lightweight clients with somewhat less security are commonly used.
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icanscript
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June 14, 2016, 03:37:45 PM |
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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)) |
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RodeoX
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The revolution will be monetized!
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June 14, 2016, 03:45:08 PM |
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Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.
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bitbunnny
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WOLF.BET - Provably Fair Crypto Casino
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June 14, 2016, 03:47:55 PM |
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How do you mean they are slow? The transactaions are executed within the half an hour, in.average, sometimes even faster. So,I see nothing to complain to. Only very rarely some transactions get stuck in the blockchain confirmation.
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bitconerian
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June 14, 2016, 03:59:14 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
It's fine, OP. Just how bad are you jonesing for bath salts, anyhow? |
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OrangeII
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June 14, 2016, 04:01:45 PM |
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I guess there are some things that make it to be slow, maybe you send bitcoin with a very large number, or maybe this time the OP was very busy because, so many people who buy and sell their bitcoin due to price increases
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~Bitcoin~
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June 14, 2016, 04:03:38 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
the main problem is with block size rather than tranasaction speed, so we really need 2mb block size alteast to make bitcoin transaction fast. |
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Amph
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June 14, 2016, 04:05:11 PM |
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Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.
i have my doubt that even a cash in eprson transaction is faster, usually you need to check carefully in real life with cash how much you are exactly givin, two times at least, it's easy to be wrong there |
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icanscript
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June 14, 2016, 04:05:52 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
the main problem is with block size rather than tranasaction speed, so we really need 2mb block size alteast to make bitcoin transaction fast. That wouldn't help in the instance that a block is not found though. sure when one is found you can fit more tx in if you did use a low fee. but realistically you can use most services and send from wallet -> wallet within 60 minutes still. |
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Cuidler
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June 14, 2016, 04:07:55 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
If you need many small and fast transactions you might be looking at instant transactions with lighting network / thunder as a new feature for Bitcoin, currently in development and expect it later this year. It has downsides as well because you need to lock in Bitcoins you can use later anytime (but instantly) with lighting network / thunder, but it might fit your need much better. Other than that, average 10 min block times are going to stay with Bitcoin for a reason, reducting to 5 min you would loose half the security for 1 confirmation anyway, dont fall in cheap tricks of some altcoins with super fast confirmations, because it comes with downsides as well. |
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freshman777
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June 14, 2016, 04:09:21 PM |
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You are confused, because what you take for Bitcoin is spam. Spam can be slow.
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SquallLeonhart
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June 14, 2016, 04:14:54 PM |
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I don't think that bitcoin transactions are too slow, its has never been major issue for me as my transactions gets confirmed maximum in 20 minutes and I don't understand why people keep on complaining about it.
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Denker
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June 14, 2016, 04:19:30 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
Don't know what you're talking about to be honest. Transactions happen almost instantly.And confirmation as usual ~10 minutes. So everything is fine and nothing needs to be fixed. Maybe try to be a bit more precise to tell us what kind of problem you have. |
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RastoMan
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June 14, 2016, 04:23:08 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are fast. Maybe you didn't pay enough transaction fee, so your transaction is slow now? Can you give us txid? The mempool size is 19.5 MB now. I paid the transaction fee which should let the transaction confirm within 1 block, it is still not confirmed after 2 hours. |
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Lauda
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June 14, 2016, 04:25:53 PM |
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How many threads are you people going to open? Is it so hard to use Google? There is a huge difference between transaction speed [1] and confirmation speed [2]. [1] - Usually 1-3 seconds for reasonable transactions. [2] - 10 minutes on average. You are confused, because what you take for Bitcoin is spam. Spam can be slow.
Exactly. Don't blame the network if you don't know how to properly use it. The mempool size is 19.5 MB now.
No. That mempool size is calculated based on specific settings that the node has. If you accept all transactions you should assume that the mempool is "going towards infinity" due to spam. I paid the transaction fee which should let the transaction confirm within 1 block, it is still not confirmed after 2 hours.
Provide a transaction ID. |
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RodeoX
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The revolution will be monetized!
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June 14, 2016, 04:44:32 PM |
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Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.
i have my doubt that even a cash in eprson transaction is faster, usually you need to check carefully in real life with cash how much you are exactly givin, two times at least, it's easy to be wrong there I was thinking of a confirmation rather than a transaction. I think you are right about an actual Tx. Mine normally take 1 - 3 seconds, and I suppose that it is faster than getting a dollar from your pocket. |
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salmanahmedone
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June 14, 2016, 04:45:00 PM |
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Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.
Yes bitcoins transactions are not only faster and Cheaper also. Think of any credit card and see how much taxes it detects o each transaction and so many fees associated with it like maintenance fee, yearly fee etc etc. Bitcoin is the best coin and we do not need any other coin for its replacement. |
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mark coins
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June 14, 2016, 04:47:22 PM |
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Bitcoin transactions are the fastest global transactions ever created in the history of history. Only an "in-person" cash transfer is faster. For comparison, a credit card takes 2 - 60 days if all goes well. No "fix" is needed as it works great.
Yes bitcoins transactions are not only faster and Cheaper also. Think of any credit card and see how much taxes it detects o each transaction and so many fees associated with it like maintenance fee, yearly fee etc etc. Bitcoin is the best coin and we do not need any other coin for its replacement. Exactly and the day I started to use bitcoin, I have never used banks or WU for making money transfers as bitcoin is taking care of it in best possible way. |
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illodin (OP)
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June 14, 2016, 04:50:04 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
Don't know what you're talking about to be honest. Transactions happen almost instantly.And confirmation as usual ~10 minutes. So everything is fine and nothing needs to be fixed. Maybe try to be a bit more precise to tell us what kind of problem you have. Taking a few minutes for my transaction getting added to the ledger would be acceptable. A few seconds would be ideal. 30-60 minutes is not when all I can do is sit with my thumb up my ass waiting for it to be accepted and needing the money to move. |
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lister storm
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June 14, 2016, 04:57:11 PM |
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Transactions are too slow. Will someone fix it or do we need a better coin?
Don't know what you're talking about to be honest. Transactions happen almost instantly.And confirmation as usual ~10 minutes. So everything is fine and nothing needs to be fixed. Maybe try to be a bit more precise to tell us what kind of problem you have. Taking a few minutes for my transaction getting added to the ledger would be acceptable. A few seconds would be ideal. 30-60 minutes is not when all I can do is sit with my thumb up my ass waiting for it to be accepted and needing the money to move. it rarely takes from 30 to 60 minutes in order for your transaction to get confirmed in my opinion but it sometimes happens, either way its still not the longest time you might need to wait for me bitcoin is definitely not too slow for me, i have never had any problems with waiting for my transactions to be confirmed and i think that the 10 minute block time is really fast |
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