Bitcoin is too slow

[hermanhs09]

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

Alright...
i have changed my mind,these confirmations are taking really,really long.
I have been waiting today 5 hours to get 0,035 confirmed,you call that fast? hell no

[iqlimasyadiqa]

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

Alright...
i have changed my mind,these confirmations are taking really,really long.
I have been waiting today 5 hours to get 0,035 confirmed,you call that fast? hell no

I too have experienced it. even up to 2 days of my transactions can only be accepted. One of the problems is the amount of the fee we have to pay. but still the fastest transaction takes about 10 minutes more

[Yakamoto]

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

Alright...
i have changed my mind,these confirmations are taking really,really long.
I have been waiting today 5 hours to get 0,035 confirmed,you call that fast? hell no

It all depends on the fees that were placed along with the transaction. If they were too small, then you're out of luck and it will take a while for the transaction to confirm due to it being a lower priority. If they were normal or high, then maybe you're unlucky and it's taking a while.

But for everyday transactions Bitcoin is definitely too slow. If I have to wait 10 minutes to buy a soda and a candy bar, I would rather pay in fiat.

[Digitalbitcoin]

This is thing to consider to make instant transaction. As All transactions are one way so why put on wait for waiting if its already showing on explorer.

It depend on which block should have to mine to verify transaction. As in general it took 10 Minutes to mine one block. Also it depend on network difficulty, block height, and total hashpower.

[richardsNY]

This is thing to consider to make instant transaction. As All transactions are one way so why put on wait for waiting if its already showing on explorer.

It depend on which block should have to mine to verify transaction. As in general it took 10 Minutes to mine one block. Also it depend on network difficulty, block height, and total hashpower.

All transactions do already come through instantly. The only thing that we don't have control over when sending or receiving transactions, are the confirmations. If you trust a certain party or person that sends you some coins, then you can even spend the unconfirmed transaction/coins if you so wish.

[ObscureBean]

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

what dou you mean slow ? the transaction is fast or its only just your internet connection so that you can't see it or because you didn't pay enough transaction fee pay the fee or sometimes it takes 3-6 confirmation because its totaly credited on your account and  I don't understand why people keep on complaining about it.  

It doesn't necessarily have to be something to do with the internet connection or transaction fee. I have on a few rare occasions had transactions take close to 1 hour for 2 confirmations. And yea it can be quite frustrating if that happens when you urgently need a transfer.

[kryptqnick]

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

Maybe transactions are slow comparing to how fast you want them to be, but I don't know any transaction which is faster than btc one

[KingdomHearts]

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

i agree with you , you are right that bitcoin transaction are not slow , i think bitcoin transaction is much more faster than other currency .

[AdolfinWolf]

I do feel paypal is faster than btc, however these are ofcourse completely different things, and uncomparable with each other.

[Cresciuanto]

the present price and the increase in the price of bitcoin can proof this statement wrong. i think bitcoin is too fast as we compare it to other currencies. and if we lock the previous record of the bitcoin.

[skyway1]

Transactions were not slow, at rare instances such situation arises. Other than this only due to network problem such slow transaction happens.

you are right that bitcoin transaction are not i also use bitcoin and i do not feel that bitcoin transaction is slow i feel that bitcoin transaction is too much faster than other currency and i think you are right that due to the network problem such slow transaction happens .

[AioFox]

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

Yes, the time it takes for the network to confirm securely that the transfer took place takes a lot, compared to other forms of money transfer, such as credit card.

However, the trust that the Bitcoin Blockchain conveys is a very positive point, not to mention that the fees charged by Blockchain to effect the transaction do not compare those charged by credit card companies.

If you are looking for fast transactions, but which are still in beta, there are Altcoins that focus on speed of transactions, such as Vcash (XVC), which has the zerotime technology.

Not sure about street transaction but very confident about all your plastic and online transactions.  They are actually quicker than you think; 1 confirmation can use at most 15minutes for its be processed and it all depends on the block size. Otherwise be patient, you assured your transaction will happen anyway.

[hermanhs09]

Can anyone help me with one thing?
im wondering about transactions,exactly about confirmations in let's say for example 2025.
In 2025 we will see a big % of bitcoins already mined out of pool,so mining will get less profitable.
So if there will be less miners (probably) and more transactions,what is going happen with confirmation time?
Im just not sure about this,anyone got some idea?

[rizzlarolla]

Can anyone help me with one thing?
im wondering about transactions,exactly about confirmations in let's say for example 2025.
In 2025 we will see a big % of bitcoins already mined out of pool,so mining will get less profitable.
So if there will be less miners (probably) and more transactions,what is going happen with confirmation time?
Im just not sure about this,anyone got some idea?

Blocks will be mined every 10 miniutes on average, regardless of more or less hash power.
The difficulty is adjusted every 2 weeks approx.
So as long as any hash power change is not too vast and sudden, then the difficulty will trail closely by.
That is also why blocks are still 10 miniutes now, as they were 5 years ago, even though hash power has continually grown.
(sudden hash power changes can disrupt block times adversely, and is valuable as part of a hard fork consensus mechanism)

There is no reason mining should be less profitable if there are more transactions.
More transactions should equate to more user, more users should equate to higher value, higher value should compensate less block reward.

Confirmation times wil depend on mempool backlog, or not.
If bitcoin has adequately scaled, then the mempool backlog will be low.
If bitcoin is still stuck at 1mb as now, then the mempool backlog could render bitcoin unusable.

 

[sobsitesearch]

Transaction are fast . not pretty slow. sometimes it is slowbut not always . we need to  wait until the transaction become fast.

Yeah bitcoin transaction is fast but people says bitcoin is too slow because the transaction is delay. Delay in confirming the transaction not to say bitcoin is too slow because confirmation of the securities is to check if your transaction is accurate.

[romero121]

Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.

[Conus]

Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.

I have to agree with this statement.  Even know the confirmations are a little on the slow end sometimes, there is always a confirmation that the transaction is underway.  Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.

[shinratensei_]

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

no transactions are not slow it depends number of blocks, and when fined a block confirmation need from 1 minute to 30 min) max time is 1 hr

i agree with you , you are right that bitcoin transaction are not slow , i think bitcoin transaction is much more faster than other currency .

I never think about the faster or not of the bitcoin transaction but in my theory. The transaction is an instant no needed a time for this but different for the confirmation of the transaction in every place is always needed a time, you wrong ,all of the transaction it's same. nothing get too fast or slowly.

[Cresciuanto]

Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.

I have to agree with this statement.  Even know the confirmations are a little on the slow end sometimes, there is always a confirmation that the transaction is underway.  Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.

i think the transaction problem should be solve very quickly. actually it is creating problems. for example a person is doing shopping and he has to pay in bitcoin. so how much he will stay there for conformation and the shopkeeper  is not ready to let him go with out conformation.

[Xester]

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

Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.