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Author Topic: how do i make confirmations on blockchain faster  (Read 15622 times)
jukka
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June 17, 2016, 04:29:05 PM
 #41

The more fee you pay the faster it will go, so if you want to go faster pay an higher fee. I have never had a problem with Bitcoin Core's recommended fee.

In the future it will be faster with Lightning protocol. Onchain transactions in a decentralized network require resources so you have to pay for it.

same here. no problem if you pay the recommended fee.
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June 17, 2016, 05:13:39 PM
 #42

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
the only way you can make the confirmation faster is by paying the fee higher, but don't pay too high. anyway how much fee did you pay?
don't sure with it as long the fees meet the requirement to and not too low,the result will be the same as the transaction will be included in the same blocksize,confirmations is about luckyness i guess
Of course it's not about luck. There's a series of algorithm followed in having a prioritized transaction over another.
Tx fees, number of inputs, coin age, these are just some of the factors that are looked at whether which among the transactions are prioritized.

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June 17, 2016, 05:33:33 PM
 #43

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

Couldn't you just read a different thread on the subject?
There are plenty about.
Too much trouble for you?

"is there a way to the confirmation in a few mins? Say 10mins or less."
No, you clearly don't understand the basic fact that the average time to find a block is 10 minutes.
How can there be a way to get in a block in less time than that.

Do some reading first next time.
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June 17, 2016, 09:25:09 PM
 #44

i think there isnt a way to do it,you have to wait. i suggest you to do transactions at night because there are faster
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June 17, 2016, 10:39:56 PM
 #45

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

Couldn't you just read a different thread on the subject?
There are plenty about.
Too much trouble for you?

"is there a way to the confirmation in a few mins? Say 10mins or less."
No, you clearly don't understand the basic fact that the average time to find a block is 10 minutes.
How can there be a way to get in a block in less time than that.

Do some reading first next time.
Man save your advice to your self. IGNORE POST LIKE THIS NEXT TIME

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June 18, 2016, 08:45:25 AM
 #46

Well, if you're experiencing problems with your transaction in terms of its priority, then try to increase your fees to double or even triple the recommended transaction fees on bitcoin network.

But you can't really control when blocks are mined, so if you're already paying enough fees, you can't really do anything about it.
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June 28, 2016, 05:08:26 AM
 #47

You can faster this process by paying more fees and not using the custom fees. You have to use the recommend fees by the blockchain network which is 0.0001 btc....

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June 28, 2016, 05:13:03 AM
 #48

I think the thing that affects of confirmation was blocked because of mining, mining block is indeed the Foundation of any transaction which is in bitcoin. In mining every block always confirm that the transaction is done right or wrong and the miners will confirm. so it depends on the research process and confirmation is done in block
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June 28, 2016, 06:50:14 AM
 #49

I think the thing that affects of confirmation was blocked because of mining, mining block is indeed the Foundation of any transaction which is in bitcoin. In mining every block always confirm that the transaction is done right or wrong and the miners will confirm. so it depends on the research process and confirmation is done in block
another way to make it faster is to get a confidence factor for every unconfirmed transaction. This allows merchants and developers to assess the risk of accepting a transaction within milliseconds.
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June 28, 2016, 06:52:49 AM
 #50

Pay moar fee, u pesky spammer.
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June 28, 2016, 06:59:31 AM
 #51

You can faster this process by paying more fees and not using the custom fees. You have to use the recommend fees by the blockchain network which is 0.0001 btc....
Wrong. Custom fees are also a way of paying more and gaining higher priority. What you should not be doing is paying some sort of 'standard fee'.

I think the thing that affects of confirmation was blocked because of mining, mining block is indeed the Foundation of any transaction which is in bitcoin. In mining every block always confirm that the transaction is done right or wrong and the miners will confirm. so it depends on the research process and confirmation is done in block
You really have no clue what you're talking about.

another way to make it faster is to get a confidence factor for every unconfirmed transaction. This allows merchants and developers to assess the risk of accepting a transaction within milliseconds.
The developers have no role in that assessment. Zero confirmation transactions are acceptable for negligible amounts I'd say.


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June 28, 2016, 07:00:57 AM
 #52

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

Is it true? long as I use blockchain with standar fee course has never been that long. the longest half hour. But according to the article I read, you can speed up transactions by increasing the transaction fee. Thank you
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June 28, 2016, 07:06:13 AM
 #53

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees

Is it true? long as I use blockchain with standar fee course has never been that long. the longest half hour. But according to the article I read, you can speed up transactions by increasing the transaction fee. Thank you
maybe that happen when the fee is too low,i ever experienced it but only take 1 hours with low fee as low 0.00005 ,quite regret about it,
increasing transaction fee will not clearly answer as bitcoin's fee per byte always changing see this site bitcoinfees.21.com as many people mentioned it on this forum

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June 28, 2016, 07:10:35 AM
 #54

Is it true? long as I use blockchain with standar fee course has never been that long. the longest half hour. But according to the article I read, you can speed up transactions by increasing the transaction fee. Thank you
How about doing some research instead of posting here? Any user should be aware of how the fee system works and any decent user would know better than to use online wallets.

maybe that happen when the fee is too low,i ever experienced it but only take 1 hours with low fee as low 0.00005 ,quite regret about it,
Yes, transactions get 'delayed' at times because their priority is low due to the low fee.

increasing transaction fee will not clearly answer as bitcoin's fee per byte always changing see this site bitcoinfees.21.com as many people mentioned it on this forum
No. Adding a fee that equals the recommended fee (in satoshis/byte) at the time (or even a higher fee) will make your TX confirm very quickly.

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June 28, 2016, 09:18:15 AM
Last edit: June 28, 2016, 11:06:04 AM by franky1
 #55

No. Adding a fee that equals the recommended fee (in satoshis/byte) at the time (or even a higher fee) will make your TX confirm very quickly.

lol
blocks only accept ~2500 transactions..

is lauda really trying to falsely suggest that if 5,000 people transacting at the same time all paid $1(big premium), all of their transactions would get settled in the next 10 minutes(magically all squeeze in because they paid a premium).. sorry but thats just not possible.
is lauda really trying to falsely suggest that if 5,000 people transacting at the same time all paid $1(big premium), all of their transactions would get settled 20 minutes... sorry but thats just not possible.

imagine it.. 5000tx pay $1 fee.. the next block is block 419,500
now another new 5000tx want to go through, this time they pay $1.01, with the next block being 419,501
now another new 5000tx want to go through, this time they pay $1.02, with the next block being 419,502
now another new 5000tx want to go through, this time they pay $1.03, with the next block being 419,503
now another new 5000tx want to go through, this time they pay $1.04, with the next block being 419,504

now imagine for the next few hours there were no new transactions.. allowing the network to catch up..
lauda i want you to do this:
tell people using blocknumber examples and transactions accepted and fees used for those transactions. what order you think the transactions would settle


hang on i know he wont.... hell ill do it for him

419,500: 2500tx pay $1
419,501: 2500tx pay $1.01
419,502: 2500tx pay $1.02
419,503: 2500tx pay $1.03
419,504: 2500tx pay $1.04
419,505: 2500tx pay $1.04
419,506: 2500tx pay $1.03
419,507: 2500tx pay $1.02
419,508: 2500tx pay $1.01
419,509: 2500tx pay $1

the whole premiss of "just pay more" guarantees NOTHING because if everyone is "just paying more" then its just a vicious circle

that is a slice of reality that shows even paying large sums doesnt make everyone be on equal grounds. doesnt make everyone happy..
as you can see.. people that transacted at the time before 419,500.. half of them were waiting 9blocks, thats even with a $1 fee

dont you get it yet lauda

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June 28, 2016, 11:24:19 AM
 #56

I guess if you want to send money to the confirmation prompt, then you may have to send bitoin with small nominal, because in my experience, a large amount of the transaction would create very long confirmation


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June 28, 2016, 01:12:03 PM
 #57

Put higher fee is the only thing that can help your transactions get a faster confirmation. I have no idea about the other way to make the transaction run faster.

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June 29, 2016, 01:32:27 PM
 #58

The more fee you pay the faster it will go, so if you want to go faster pay an higher fee. I have never had a problem with Bitcoin Core's recommended fee.

In the future it will be faster with Lightning protocol. Onchain transactions in a decentralized network require resources so you have to pay for it.

same here. no problem if you pay the recommended fee.
Yes and to those who do not know even if you use blockchain there is a option to send transactions with custom fees, which enables quick confirmations, actually sending with high fees usually ensures that your transaction will be included into next block hopefully.

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June 29, 2016, 07:49:59 PM
 #59

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
The fees aren't the only factor for a faster transaction.
The age of the coin is also considered, plus the size of the transaction too. And I agree "transaction size" and "fees included" are directly connected.
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June 29, 2016, 08:36:54 PM
 #60

I will like to know how I can make my confirmations on blockchain faster.  Yesterday , I waited for close to 5hrs to get one confirmation.
That's really annoying . is there a way to the confirmation in a few mins? Say 10mins or less.
Also, how do i send more bits to add up to fees
The fees aren't the only factor for a faster transaction.
The age of the coin is also considered, plus the size of the transaction too. And I agree "transaction size" and "fees included" are directly connected.
how can the age of the coin have an impact on the transaction speed and making it faster? i would really like to know how transactions speeds are connected with coin age as i have never heard about such thing

i think if you want to make your transactions really fast then just include a bigger miners fee, for example in the blovkvhain.info wallet when you adjust the fees you can see the estimated confirmation time
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