Bitcoin is too slow

[CEOKEY]

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.

I think the plodding pace of transactions appears to be due to blocks reaching their upper size limit of 1 megabyte with more frequency, and unconfirmed transactions clogging up the “memory pool,” a distributed database that lives on every computer running bitcoin software.

[1714194444]

1714194444

[1714194444]

1714194444

[1714194444]

1714194444

[1714194444]

1714194444

[1714194444]

1714194444

[1714194444]

1714194444

[Decoded]

10 minutes is decent. We don't want something too quick or that will create no traffic, which is what the miners like. 10 minutes is good, but what's not is when blocks take 2 hours to mine. That's what sets me on edge. There should be a fail safe for blocks after miners have spent 30 minutes searching. But afaik that's not possible.

[Superbitzz]

10 minutes is decent. We don't want something too quick or that will create no traffic, which is what the miners like. 10 minutes is good, but what's not is when blocks take 2 hours to mine. That's what sets me on edge. There should be a fail safe for blocks after miners have spent 30 minutes searching. But afaik that's not possible.

although it take more than 10 min but 10 min is also enough. how can Taxi driver stay for you for 10 min so that you can transfer bitcoin to him. or how can you stay at a shop after shopping or the shopkeeper will stay for you to transfer you bitcoin to pay the bill.

[richardsNY]

Yah. sometimes confirmation is too slow but the transaction  of bitcoin is fast  . it depends on you to how you understand our  transaction in bitcoin. we need to wait untill the transaction of confirmation is fast

What you mean with "we need to wait untill the transaction of confirmation is fast"? No matter how much you wait, if your transaction has a decent fee tied to it, then the chanses of getting your transaction confirmed are much greater. But then again, it's still up to the pools to include your transaction into the next block.

[IndyRockStar]

Well the transactions are pretty quick, but, if you're making a payment with it and it's of a time sensitive nature and having to wait for multiple confirmations may cause issues.

But there are work arounds, paper wallets, preloaded ready to hand over to seller, much like fiat.

[StarofBTC]

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

You probably have a slow internet connection, I don't think there has ever been a transaction that took up to a day. However as the size of the block chain increases, we might have that, maybe 25 years from now.

Though there are altcoins that take less than 10 minutes but that's because they have a smaller blockchain size.

hahaha. you must be kidding or you don't know about transactions and their way of work?
a transaction has no connection to the sender and the receiver. when someone send some bitcoin to a bitcoin address, then it is done from the side of sender. now it is up to the main system to done that transaction.
some time transaction will get slower because of block size. and some time transaction get slower because of the transaction fee sender paying.
that's it.

[mindrust]

That is right, sadly.

Confirmations are taking ages. I wish the devs were smarter and coded bitcoin faster at first, so we wouldn't had to use coins like Litecoin. Who betatested this thing? Confirmation times are definitely not acceptable at all. Prices can change too much while i wait for my damn confirmation.

[KingdomHearts]

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.

i agree with you , you are right that bitcoin transaction is faster than other currency and i think bitcoin just take 5 or 10 minute for confirmation and i also agree with you that bitcoin is not slow . 

you are totally right that transaction is faster than other currency and i also using bitcoin and i know about bitcoin transaction its transaction too much faster you are right that take 5 or 10 minute and its time is too short than other currency .

[romero121]

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.

i agree with you , you are right that bitcoin transaction is faster than other currency and i think bitcoin just take 5 or 10 minute for confirmation and i also agree with you that bitcoin is not slow . 

you are totally right that transaction is faster than other currency and i also using bitcoin and i know about bitcoin transaction its transaction too much faster you are right that take 5 or 10 minute and its time is too short than other currency .

Even now the transactions were not that slow as few users quoted. Nothing to get disappointed, within a minute every transaction gets a status of unconfirmed transaction which itself primarily confirms the transaction.

[Maesters1-]

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.

i agree with you , you are right that bitcoin transaction is faster than other currency and i think bitcoin just take 5 or 10 minute for confirmation and i also agree with you that bitcoin is not slow . 

you are totally right that transaction is faster than other currency and i also using bitcoin and i know about bitcoin transaction its transaction too much faster you are right that take 5 or 10 minute and its time is too short than other currency .

Even now the transactions were not that slow as few users quoted. Nothing to get disappointed, within a minute every transaction gets a status of unconfirmed transaction which itself primarily confirms the transaction.

but i think the primary transaction also take more that 5 minutes. i think 4 to 5 mints  are still more time for conformation. i think the time duration must be in seconds and not in minutes.

[ie007cheung]

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

It is still much faster than many international momey transfers through banks.

[ausbit]

10 minutes is decent. We don't want something too quick or that will create no traffic, which is what the miners like. 10 minutes is good, but what's not is when blocks take 2 hours to mine. That's what sets me on edge. There should be a fail safe for blocks after miners have spent 30 minutes searching. But afaik that's not possible.

I do not really have any knowledge with mining at all, since I gave up when I found it so complicated on how to set it up. But from what I've read before, wasn't it that blocks are mined every 10 minutes?

[abugseuf]

10 minutes is decent. We don't want something too quick or that will create no traffic, which is what the miners like. 10 minutes is good, but what's not is when blocks take 2 hours to mine. That's what sets me on edge. There should be a fail safe for blocks after miners have spent 30 minutes searching. But afaik that's not possible.

10 minutes is too much. if you want bitcoin that people should use it then i think it is important that the trisection period must be very very little. may be in second. because the customer and the trader do not wait for such a long time.

[1Referee]

That is right, sadly.

Confirmations are taking ages. I wish the devs were smarter and coded bitcoin faster at first, so we wouldn't had to use coins like Litecoin. Who betatested this thing? Confirmation times are definitely not acceptable at all. Prices can change too much while i wait for my damn confirmation.

The current block times are not messed with since Satoshi released the code to the public. And I am quite sure that it will never happen. I agree that some times it's quite annoying when you want your tx to get confirmed quickly, but there is nothing that we can do other than waiting. Some times I get 3 confirmations within 10 minutes, and some times I need to wait more than 30 minutes.

[Hugroll]

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

if you are transacting with some you trust then you shouldnt have a problem waiting for confirmations because they will come eventually. however most people dont trust the other party and therefore require the confirmations to show its a double spend, this is the weakest point of using bitcoin in my opinion. (waiting hours for your money)

[PokerFace3]

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

It is still much faster than many international momey transfers through banks.

hahahaah !!!! Bitcoins may be faster than international money transfer through banks but as a digital currency it's transaction are quite slow. People have no patience in this fast phase generation. Some of the Companies don't want to use bitcoins due to it's slow confirmation of transaction.

[RastoMan]

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

It is still much faster than many international momey transfers through banks.

hahahaah !!!! Bitcoins may be faster than international money transfer through banks but as a digital currency it's transaction are quite slow. People have no patience in this fast phase generation. Some of the Companies don't want to use bitcoins due to it's slow confirmation of transaction.

You can try Ethereum, the first confirmation is usually within 20 seconds. It is much faster than most other coins.

[diodio5]

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

I think cryptocurrency have nearly the same speed transaction with the bitcoin itself. even if you find altcoin faster than bitcoin.
I'm sure you'll still use bitcoin of the altcoin it. bitcoin is more accepted and more popular. you will not be able to use altcoin alone

[pearnapple]

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

I think cryptocurrency have nearly the same speed transaction with the bitcoin itself. even if you find altcoin faster than bitcoin.
I'm sure you'll still use bitcoin of the altcoin it. bitcoin is more accepted and more popular. you will not be able to use altcoin alone

well bitcoin speed is really great in my opinion the transactions are nearly instant in my opinion while confirmations are kinda slow, i hope there will be something done about it

[Doamader]

I didnt noticed a slow into the transactions, i had mooved some bitcoin some minutes ago and it took around 15 minutes to get 1 confirmation and my money credited, soo i believe its getting faster as the fees is high, paid 50000satoshis and were very quick.