[2016-06-15] news.bitcoin.com-Bitcoin Transactions Stuck? 40K+ Unconfirmed...

[wintermeasures]

Bitcoin Transactions Stuck? 40K+ Unconfirmed Sparks More Debate

Is your transaction taking a long time to get through? The Bitcoin network is currently showing over 41,000 unconfirmed transactions, reigniting the call for larger block sizes.

At press time, the “Unconfirmed Transactions” record on Blockchain.info reports 41,211 transactions still awaiting confirmation, with that number wavering in the 40-42,000 range.

There have been record numbers of bitcoin transactions these past few weeks, as the price soared to over $700 USD, and many users tried to rush their bitcoins to an exchange to take profits in fiat.

Several users have complained their transactions have been stuck for six, even ten hours without confirmation — despite paying the recommended miners’ fee of 0.0002 BTC per transaction, or more.

Today, the average size for a 10-minute block of bitcoin transactions is 960k, an all-time record. Note that this size is an average, not a maximum.

READ MORE >>> https://news.bitcoin.com/bitcoin-transactions-stuck/

[kjlimo]

if you're in dire need to get your btcs on an exchange to cash out, perhaps you should consider offering miners more than 14 cents to move your bitcoins quicker?

where does the "recommended" 0.0002 BTC come from?

for all other transactions, as long as the merchant doesn't mind waiting, then let the transaction sit out there until it's picked up someday...

Are merchants asking this question yet?

[1Referee]

I don't experience any slow confirming transactions to be honest. My 0.0001BTC fee transactions mostly get included in the next block without problems. If I have to send some coins quick from A to B, I mostly add 0.0005BTC in fees just to make sure it comes through quickly. If there is no need to hurry then I stick to 0.0001BTC.

[Carlton Banks]

if you're in dire need to get your btcs on an exchange to cash out, perhaps you should consider offering miners more than 14 cents to move your bitcoins quicker?

where does the "recommended" 0.0002 BTC come from?

From the usual bloated centralising propaganda agenda that wants Bitcoin either under control of the establishment, or outright destroyed. Team Cypherpunk FTW

[Tacalt]

I paid high fee two days ago for online buying transaciton. It was stuck for 3 hours, so I missed the next day delivery.