Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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November 23, 2016, 09:44:22 PM |
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60k+ unconfirmed transactions currently and still rising. Hope Issue gets solved soon.....
why ? if you pay the right fees from a LEGAL & LEGIT client (bitcoin core, bitcoinj with fees survey) ... you have no problem to be include in the next block. because this programs read the fees in every blocks and indicate this in realtime before EMIT the transaction. if you follow the rules ... no problem. many users use fixed fees. and they cry now.
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Yutikas_11920
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November 23, 2016, 10:05:05 PM |
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60k+ unconfirmed transactions currently and still rising. Hope Issue gets solved soon.....
why ? if you pay the right fees from a LEGAL & LEGIT client (bitcoin core, bitcoinj with fees survey) ... you have no problem to be include in the next block. because this programs read the fees in every blocks and indicate this in realtime before EMIT the transaction. if you follow the rules ... no problem. many users use fixed fees. and they cry now. Yeah,. This is a problem they make proper payment and if they can't give you the exact payment then it will happen something that we don't want (the transaction is rising). So if you want to get a deal that is good then you must also obey a Law that applies in the bitcoin bitcoin law, because it is much easier than with other things. All this is not a problem but it's a human error
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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November 23, 2016, 10:18:58 PM |
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373 bytes TX size and you've included 0.0001 BTC which is equal to 10 000 Satoshis. You've included a fee of 26.8 satoshis/byte (please use this measurement in the future). The current recommended is 100 satoshis/byte. I'm not sure if "attack" or "cartel" are appropriate descriptions. The current transaction peak could easily be natural demand, I've not seen anyone present evidence that it's either malign or benign.
It would make sense if it were a gradual increase over a longer amount of time. The spike seems exponential considering the time-frame.
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"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion)
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cpfreeplz
Legendary
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Activity: 966
Merit: 1042
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November 23, 2016, 10:23:27 PM |
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many users use fixed fees. and they cry now. Exactly. When you read and someone says "I used the recommended fee... It is and always was X" then you know you're dealing with someone who literally never changes the fee. Look on https://bitcoinfees.21.co for proper fees needs today. Nott yesterday, or last year or on your uncle's birthday. Today.
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fiscorcle
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November 23, 2016, 10:40:25 PM |
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It is funny that my sends have been confirmed but my web wallets are not receiving them and just showing them as pending. So they are there but my wallet is not accepting them. It is very strange indeed.
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cpfreeplz
Legendary
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Activity: 966
Merit: 1042
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November 23, 2016, 10:42:46 PM |
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It is funny that my sends have been confirmed but my web wallets are not receiving them and just showing them as pending. So they are there but my wallet is not accepting them. It is very strange indeed. Lol that's because your web wallet is terrible. Let me guess, blockchain.info? They always have problems. Maybe it's someone new this time though haha. Try a better wallet explorer (and a better wallet).
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calkob
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November 23, 2016, 10:45:17 PM |
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Yes, I have seen it that it was more than 50,000 unconfirmed transaction and keeps on adding. I am also puzzeled whether we lack miners or it is due to not exact fees per bytes that keeps them less priority. Last time i checked every block is full so its got nothing to do with a lack of miners or low fees.
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suukool
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November 23, 2016, 10:52:50 PM |
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Yes, I have seen it that it was more than 50,000 unconfirmed transaction and keeps on adding. I am also puzzeled whether we lack miners or it is due to not exact fees per bytes that keeps them less priority. Last time i checked every block is full so its got nothing to do with a lack of miners or low fees. WHAT IS GOING ON. THERE ARE SO MANY UNCONFIRMED TRANSACTIONS. ARE WE GOING TO THE MOON? IS IT HAPPENING?
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eternalgloom
Legendary
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Activity: 1792
Merit: 1283
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November 23, 2016, 11:31:18 PM |
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It is funny that my sends have been confirmed but my web wallets are not receiving them and just showing them as pending. So they are there but my wallet is not accepting them. It is very strange indeed. Lol that's because your web wallet is terrible. Let me guess, blockchain.info? They always have problems. Maybe it's someone new this time though haha. Try a better wallet explorer (and a better wallet). I've had no problems sending Bitcoins using blockchain.info, just gotta set the fees yourself and add enough. Biggest problem for me has been withdrawing coins from services that set a dynamic fee.
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springgers
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November 23, 2016, 11:37:54 PM |
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Yes, I have seen it that it was more than 50,000 unconfirmed transaction and keeps on adding. I am also puzzeled whether we lack miners or it is due to not exact fees per bytes that keeps them less priority. Last time i checked every block is full so its got nothing to do with a lack of miners or low fees. WHAT IS GOING ON. THERE ARE SO MANY UNCONFIRMED TRANSACTIONS. ARE WE GOING TO THE MOON? IS IT HAPPENING? I doubt that it have something to do with mass adoption. Maybe miners aren't confirming small fees or someone is flooding the chain, I have no ideia however mass adoption isn't an option. Btw, price is estable.
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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November 23, 2016, 11:44:34 PM |
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Yes, I have seen it that it was more than 50,000 unconfirmed transaction and keeps on adding. I am also puzzeled whether we lack miners or it is due to not exact fees per bytes that keeps them less priority. Last time i checked every block is full so its got nothing to do with a lack of miners or low fees. WHAT IS GOING ON. THERE ARE SO MANY UNCONFIRMED TRANSACTIONS. ARE WE GOING TO THE MOON? IS IT HAPPENING? Unconfirmed likely because someone decided to put something in way too early and everyone is using a service that's now locking up. That or we're experiencing a spam attack on the network; something not completely out of the realm of possibility, however unlikely. The value isn't moving right now, doubtful we're going to the moon right now.
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countryfree
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Activity: 3066
Merit: 1047
Your country may be your worst enemy
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November 23, 2016, 11:46:07 PM |
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The miners are doing everything they can, but that's clearly not enough. Check this one: https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes. I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular. Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year.
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I used to be a citizen and a taxpayer. Those days are long gone.
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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November 23, 2016, 11:53:33 PM |
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 23, 2016, 11:56:40 PM |
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... Roger Ver whose are on record saying that he would pay miners to push the software that he likes
Fascinating. Quote?
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Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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jbreher
Legendary
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Activity: 3038
Merit: 1660
lose: unfind ... loose: untight
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November 24, 2016, 12:00:41 AM |
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if you pay the right fees ... you have no problem to be include in the next block.
Do you realize that relying on the fees paid in the previous block as an indicator of fees needed for the next block is not deterministic? And that is even if miners were not completely free to choose for themselves which transactions they will collate to mine upon.
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Anyone with a campaign ad in their signature -- for an organization with which they are not otherwise affiliated -- is automatically deducted credibility points.
I've been convicted of heresy. Convicted by a mere known extortionist. Read my Trust for details.
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Meuh6879
Legendary
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Activity: 1512
Merit: 1012
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November 24, 2016, 12:04:57 AM |
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Do you realize that relying on the fees paid in the previous block as an indicator of fees needed for the next block is not deterministic?
a block with 1,2 BTC and 1300 tx ... and a block with 3300 tx and 0,8 BTC of fees : yes, it's correct for estimate the proper fees. and it's work since 1 year in Bitcoin Core.
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arcanaaerobics
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November 24, 2016, 12:48:01 AM |
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That's why I'm not making any transaction right now(last days)... You need a higher fee to make your transaction goes fast...
I'll just sit here and wait until the things goes back to normal. Don't you?
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ccminer.net
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November 24, 2016, 01:01:18 AM |
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74,803 Unconfirmed Transactions
I paid almost 0.0003 BTC (0,2112 EURO) as fee for a small transaction and I didn't get any confirmation since almost 3 hours already, like this ain't funny anymore
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Doms
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November 24, 2016, 01:10:32 AM |
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If this issue persists, I think more people would hesitate to make transactions nad just wait a while until some solutions are set into place. Even if the transaction fees are increased and there is still substantial delay, many would be turned off by this slow progress.
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kiklo
Legendary
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Activity: 1092
Merit: 1000
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November 24, 2016, 01:28:46 AM |
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The miners are doing everything they can, but that's clearly not enough. Check this one: https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes. I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular. Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year. Nope, saw one by HaoBTC for 3200 transactions yesterday, Theoretical limit is 4200 transactions per block.
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