Bitcoin is too slow

[madwica]

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.

That is correct, you do not expect for free. But the confirmation is not that too slow there is a minimal case but not always. Because base on my experience i can not encounter the slow transaction with bitcoin.

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[Schuyler]

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.

I think faster transactions entail higher fees, that is your transaction will be prioritized in the queue. It is really a bit of a hassle to wait for your transaction to be confirmed if you are using it on a physical shop. I remmber reading something that paying for a drink took 10 minutes before the transaction was cleared.

[btcking101]

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.

I think faster transactions entail higher fees, that is your transaction will be prioritized in the queue. It is really a bit of a hassle to wait for your transaction to be confirmed if you are using it on a physical shop. I remmber reading something that paying for a drink took 10 minutes before the transaction was cleared.

We must check the recommended fee before processing the transaction and recommended fee is always different.0.0001btc is a base fee and mostly this is not the recommended fee thats why transaction stay unconfirmed for long time

[Dr.Osh]

I think bitcoin is quite faster than other payment. even in terms of transactions and how to get it. other than that bitcoin has a small fee. if you say that bitcoin is slow, then I would ask if there is faster than the bitcoin? may indeed occasionally bitcoin will be slow, but I guess it is because so many people using bitcoin

[jak3]

if you need faster transactions the simply switch to a wallet which accepts 0 confirmations because bitcoin transfers are instant but it takes time only at confirmations process.

[23dzmaz]

Actually i never have an issue about the slow transaction until now. I mean, my transaction always fast, at least got 1 confirmation on 5-10minutes. For me, bitcoin is not slow.

[amine14madrid]

if you need faster transactions the simply switch to a wallet which accepts 0 confirmations because bitcoin transfers are instant but it takes time only at confirmations process.

Well for me, Confirmation is not that slow. I usually got 3 confirmations in just half an hour. I dont know why you are experiencing that delay in your transaction. And we cant deny the fact that sometimes, confirmations are slow. My slowest transaction  took about 12 hrs before 1 confirmation. That was when blockchain was upgrading. But so far now its fast.

[ObscureBean]

Confirmation time is one of the huge perks of having your Bitcoins in a trusted online wallet. Whenever I pay for stuff via BitPay and send the coins from my Coinbase wallet, the transaction is completed instantly, the second it is broadcasted through the network even with 0 confirmations. And that's because, Coinbase automatically confirms with BitPay that I indeed have the amount and that it's been sent. So no waiting time at all 

[TastyChillySauce00]

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.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

[btcking101]

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.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

It never happened with me that a transaction was rejected and sends came back to me even if i have not paid the recommended fee.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected

[Jimbola3]

Confirmation time is one of the huge perks of having your Bitcoins in a trusted online wallet. Whenever I pay for stuff via BitPay and send the coins from my Coinbase wallet, the transaction is completed instantly, the second it is broadcasted through the network even with 0 confirmations. And that's because, Coinbase automatically confirms with BitPay that I indeed have the amount and that it's been sent. So no waiting time at all 

yeah it takes time for the confirmation of transaction but everything about is good and i am all satisfied with it ! new coin ? noo please, it wont get that high as bitcoin is !

[randy8777]

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.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

there is no need to wait days for the transaction to get rejected and the funds show up again. you can just double spend your coins, but with this time an appropriate fee included. if this transaction gets confirmed, the other transaction will simply vanish.

[zsobro]

it is still faster than bank wire transactions

[rickadone]

it is still faster than bank wire transactions

And money transfers like western union.
Well, I would admit that sometimes the transaction takes more time than what is to be expected. Some people, however, are just not paying enough tx fees that's why their transactions are taking quite the longer time required.

[LoyceV]

Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.

That may be "seldomely", but the sender can force it to happen. I can easily send you a payment and double spend it before it confirms. If you didn't wait sending me the thing I paid for, you get nothing.

[thejaytiesto]

The only way that Bitcoin can compete against payment transfer giants such as VISA and whatnot, is by the 2 layer solutions such as the Lightning Network, because on chain transactions will never be useful for fast cheap and big volume action, this will always require stuff like Lightning. SO once we have Lightning a lot of this will be fixed.

[RastoMan]

The only way that Bitcoin can compete against payment transfer giants such as VISA and whatnot, is by the 2 layer solutions such as the Lightning Network, because on chain transactions will never be useful for fast cheap and big volume action, this will always require stuff like Lightning. SO once we have Lightning a lot of this will be fixed.

I think so. Maybe Visa should integrate bitcoin in its network. That is almost instant transactions for fiat.

[zodin]

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.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

It never happened with me that a transaction was rejected and sends came back to me even if i have not paid the recommended fee.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected

yes most of the time the conformation is not rejecting. but some time it create problems. some times it need so much time to conform the transaction. and you will wait for that. that is the only problem other wise the transaction never rejected.

[AdolfinWolf]

I am wondering if there is any faster altcoin which is worth investing in, suggestions?

[randy8777]

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.

transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

It never happened with me that a transaction was rejected and sends came back to me even if i have not paid the recommended fee.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected

yes most of the time the conformation is not rejecting. but some time it create problems. some times it need so much time to conform the transaction. and you will wait for that. that is the only problem other wise the transaction never rejected.

if you don't add an appropriate fee, then the waiting can become annoying as pools simply ignore your transaction. that's why you always need to add at least 0.0001btc in fees. if your transaction size is relatively high, then you will need to up your fee even more.