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Author Topic: Unconfirmed Transactions Problem  (Read 9258 times)
LGD2Business
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October 25, 2016, 10:43:25 PM
Last edit: October 30, 2016, 08:35:13 PM by LGD2Business
 #1

Lauda is a stupid kid. She used all of her alt accounts to Bitmixer campaign herself.

Even though we paid a lot of fees we still have to wait for confirmation.
Unconfirmed transactions list too huge, it says 40k transaction is still waiting. All blocks are full. Core devs have to do something about that. I guess Bitcoin transaction volume is too big for 1MB blocks now.




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October 25, 2016, 10:56:16 PM
 #2

40k and still waiting? 1mb is fine, just make bigger transactions instead of micro ones...

This site can be helpful to you all https://bitcoinfees.21.co/. "predicting bitcoin fees for transactions."
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October 25, 2016, 11:38:18 PM
 #3

Wow lots of unconfimed transactions, relax they will confirm somehow...this is good ....indicates world are using bitcoin...


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October 26, 2016, 12:40:24 AM
 #4

Wow lots of unconfimed transactions, relax they will confirm somehow...this is good ....indicates world are using bitcoin...
im tired of this, classic/segwit says its ok 40 k unconfirmed, other people from unlimited saying they are destroying bitcoin not increasing block size limit to more MB...
all have their arguments, im just tired, confirmation times getting ridicolous its simple as that :/
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October 26, 2016, 12:46:03 AM
 #5

It happens some time. It's very annoying, but have a little patience probably will all end well. Once it happened to me that the transaction wasn't confirmed for two days and I was crazy, so I understand But I also know some cases where it wasn't confirmed at all so you have to be prepared on that scenario too.

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October 26, 2016, 01:29:33 AM
 #6

Just think of the upside when the block size is actually increased.
All the negativity associated with the fight would be removed. Smiley


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October 26, 2016, 02:35:33 AM
 #7

Yes, yesterday I had this issue. I paid the high fee to do a transaction and I had to wait a lot of hours. I did the transaction at 18:00 and was more than midnight when I exit and the transaction wasn't finished yet.

If it's happen often, I think they should do something to make it faster again.

 
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October 26, 2016, 02:45:13 AM
 #8

Even though we paid a lot of fees we still have to wait for confirmation.
Unconfirmed transactions list too huge, it says 40k transaction is still waiting. All blocks are full. Core devs have to do something about that. I guess Bitcoin transaction volume is too big for 1MB blocks now.


i think i this 1mb blocks my transaction is also included .
because i made a transaction yesterday night but still i didn't get any confirmation , now i think it is going for the some big fault . i hope this problem should be solve easily .
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October 26, 2016, 03:10:13 AM
 #9

There are really times  that confirmations would  really took soo  long   to be  confirmed even though you pay  already  more than   on the average   transaction fee. I dont  know   on what would  be the  exact reason  is   but   one things for sure  blockchain is too  overload  on  transfering  transaction.
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October 26, 2016, 03:22:50 AM
 #10

i have the same problem...almost 12 hours still unconfirmed with high priority
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October 26, 2016, 04:59:00 AM
 #11

There are really times  that confirmations would  really took soo  long   to be  confirmed even though you pay  already  more than   on the average   transaction fee. I dont  know   on what would  be the  exact reason  is   but   one things for sure  blockchain is too  overload  on  transfering  transaction.
I think thats the main problem overload of transactions or many users especially big amount holders are getting to a transaction so the tendency is the process of waiting and the other transactions will be on waiting list .
It is started yesterday when i transfered my bitcoins it takes about 14hours now and still unconfirmed.

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October 26, 2016, 05:19:28 AM
 #12

There are really times  that confirmations would  really took soo  long   to be  confirmed even though you pay  already  more than   on the average   transaction fee. I dont  know   on what would  be the  exact reason  is   but   one things for sure  blockchain is too  overload  on  transfering  transaction.
I think thats the main problem overload of transactions or many users especially big amount holders are getting to a transaction so the tendency is the process of waiting and the other transactions will be on waiting list .
It is started yesterday when i transfered my bitcoins it takes about 14hours now and still unconfirmed.

-SilverPunk-

in my opinion this is mainly because of the adoption, there are too many people using bitcoin and it no longer can handle this many transactions per day with only 1mb blocks.

and this situations like 43K unconfirmed transactions are becoming more frequent, this also happened before but it was solved fast enough but now it seems like it takes a much longer time to solve itself because the pile on is also big.

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October 26, 2016, 05:44:48 AM
 #13

Is this kind of situation may affect the price of Bitcoin like decreasing because of the unconfirmed transactions?

and I this situation is a common problem of Bitcoin?  

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October 26, 2016, 05:55:41 AM
 #14

Is this kind of situation may affect the price of Bitcoin like decreasing because of the unconfirmed transactions?

this is temporary so no, it is not going to affect bitcoin price much if at all.
but if it continues being like this for a couple of months with lets say 50K-100K unconfirmed transactions with fees increasing every day then yes people are going to stop using bitcoin and price will be affected.

Quote
and I this situation is a common problem of Bitcoin? 

no, it is not common. although it has been happening more often recently. and hopefully will be solved with some solution for the block size increase.

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October 26, 2016, 06:07:10 AM
 #15

Two sides:
The good:
This is good and shows that the world are using Bitcoin
The Bad:
Shows that Bitcoin are not made do deal with alot of transations, lets pick one exemple: U go to bakery and buy one bread, you pay with bitcoin but the owner ask to you please wait until 1 confirmation, to avoid double spend... and you wait for 12 fucking hours to bring the bread to your house.
This is not funny at all,
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October 26, 2016, 06:21:42 AM
 #16

Even though we paid a lot of fees we still have to wait for confirmation.

Perhaps you need to pay more fees.

Unconfirmed transactions list too huge, it says 40k transaction is still waiting. All blocks are full. Core devs have to do something about that.

Maybe core devs want you to pay more fees, so they are happy about the 40k transactions waiting?

I guess Bitcoin transaction volume is too big for 1MB blocks now.

Maybe core devs want smaller transaction volume?  If they leave the blocks at 1 MB, then people will have to pay higher fees.  If people have to pay higher fees, then less people will use bitcoin.  If less people use bitcoin, then there will be less transactions.  If there are less transactions, then the 1MB blocks won't be full anymore. If the 1MB blocks aren't full, then people won't need to increase the fees anymore.  The system will eventually reach an equilibrium.  Maybe core devs want Mush smaller transaction volume with much higher fees?


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October 26, 2016, 06:30:52 AM
 #17

Two sides:
The good:
This is good and shows that the world are using Bitcoin
The Bad:
Shows that Bitcoin are not made do deal with alot of transations, lets pick one exemple: U go to bakery and buy one bread, you pay with bitcoin but the owner ask to you please wait until 1 confirmation, to avoid double spend... and you wait for 12 fucking hours to bring the bread to your house.
This is not funny at all,

there are ways to make a risk assessment about the risk of double spending for example https://www.blockcypher.com/dev/bitcoin/#confidence-factor
and although these are not 100% but it is a good start.

also a bakery is never gonna care about 1 confirmation or zero as its users are not going to double spend to scam for price of a bread (it is not Oliver Twist era Cheesy) besides most end users (regular) doesn't even know double spend is a thing.

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October 26, 2016, 06:38:02 AM
 #18

I guess Bitcoin transaction volume is too big for 1MB blocks now.

Maybe core devs want smaller transaction volume?  If they leave the blocks at 1 MB, then people will have to pay higher fees.  If people have to pay higher fees, then less people will use bitcoin.  If less people use bitcoin, then there will be less transactions.  If there are less transactions, then the 1MB blocks won't be full anymore. If the 1MB blocks aren't full, then people won't need to increase the fees anymore.  The system will eventually reach an equilibrium.  Maybe core devs want Mush smaller transaction volume with much higher fees?
I think this is a pretty good argument for raising the maximum block size.

I really cannot think of a realistic scenario that is good for Bitcoin when less people are using Bitcoin.

Granted, things like SegWit and LN are "on the way" however they are still very complex and untested, while my understanding is that an increase of the max block size would be fairly simple.


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October 26, 2016, 06:39:57 AM
 #19

Explain me how it woks then, im waiting just 8 hours to get 1 confirmation on one small buy ( Buy one steam game) with "High Priority" fees that never confirms
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October 26, 2016, 06:43:24 AM
 #20

More than 12 hours passed yet one of my transactions hasn't been confirmed it's so irritating
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