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Author Topic: Bitcoin will die soon if happen with every Bitcoin users?  (Read 2822 times)
Juggy777
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January 12, 2017, 03:00:48 PM
 #41

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d

You are using your bank account your cheque doesn't clear for days does your bank gets closed. Your linking the two doesn't even makes sense, if you believe that due to slow transactions it will collapse. Sometimes they are slow and sometimes they are fast. It's normal so don't stress so much. But the most important thing is that the amount gets shown in your account. So give it time.
digaran
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January 12, 2017, 03:07:10 PM
 #42

Hate it when happens but what do I have to say when most of times my transactions are confirmed under 10 minutes? There are already more than enough transactions with high and miners preferred fees in the network every minute that makes it impractical and a waste of time and resources to care about low fee transactions, that is why if you want yours to be confirmed fast better to use the recommended fee, though some times even with a high fee it takes hours to confirm and it should be taking care of.

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January 12, 2017, 03:10:50 PM
 #43

Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just  0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed.
On the contrary, that's exactly what it means. If your transaction fee is even slightly less than the cost of including your transaction in a block, miners have absolutely no incentive to do so, and your transaction will probably never be confirmed. That it why it is so important to pay the correct fee.

If someone paying $0.1 as fees and his transaction processed within half an our or 1 to 2 hours maximum than I paid just 0.02 less so my transaction should be processed within 8-10 hours but its almost 24 hours passed and no signal confirmation yet.
what do say about this?
I say you're a cheapskate. I myself don't want to wait even one hour, and pay the maximum rate to ensure my transactions are included in the very next block, which typically costs about 5 cents extra for a grand total of 15 cents per transaction. I don't rightly know why people try to get away with paying less.

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January 12, 2017, 03:21:39 PM
 #44

Yesterday I sent some Bitcoin though the amount of Bitcoin fee is small
FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.
He's right if you can't afford to pay the transaction fees then bitcoins isn't for you. You want faster transactions then why you're not sending enough fees?

   Its also about helping miners, dont forget that. For me that is important part, in that way miners will keep bitcoin alive.
   If OP dont wish to help miners, or he cant afford to pay fee then he should really be patient and wait for transaction to confirm. I dont have such problems with my transactions, I pay 0.0001 fee and everything is better then alright.
FaucetRank.com (OP)
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January 12, 2017, 03:28:09 PM
 #45

Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just  0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed.
On the contrary, that's exactly what it means. If your transaction fee is even slightly less than the cost of including your transaction in a block, miners have absolutely no incentive to do so, and your transaction will probably never be confirmed. That it why it is so important to pay the correct fee.

If someone paying $0.1 as fees and his transaction processed within half an our or 1 to 2 hours maximum than I paid just 0.02 less so my transaction should be processed within 8-10 hours but its almost 24 hours passed and no signal confirmation yet.
what do say about this?
I say you're a cheapskate. I myself don't want to wait even one hour, and pay the maximum rate to ensure my transactions are included in the very next block, which typically costs about 5 cents extra for a grand total of 15 cents per transaction. I don't rightly know why people try to get away with paying less.
Now what can be done for the transaction which has stucked in middle how can i increase my transaction fees when it is already spent. Can I modify that transaction or it's fees when it is stucked or I have to contact to someone to confirm my transaction?    

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FaucetRank.com (OP)
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January 12, 2017, 03:31:44 PM
 #46

Yesterday I sent some Bitcoin though the amount of Bitcoin fee is small
FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.
He's right if you can't afford to pay the transaction fees then bitcoins isn't for you. You want faster transactions then why you're not sending enough fees?

   Its also about helping miners, dont forget that. For me that is important part, in that way miners will keep bitcoin alive.
   If OP dont wish to help miners, or he cant afford to pay fee then he should really be patient and wait for transaction to confirm. I dont have such problems with my transactions, I pay 0.0001 fee and everything is better then alright.
Hey I also paid same fees so do you want to say that you are paying 0.0001 satoshi for your transaction so you are helping miners and I'm also paying 0.0001 satoshi for transaction fees and I'm not helping miners. Did you even see my OP that has transaction link? You should first check that and than post.

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Kprawn
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January 12, 2017, 03:35:12 PM
 #47

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d

You are Hero Member and you dont know the reason of this delay, as the price of bitcoin rise the transaction fees is also getting high so according to it you have to pay the fees then only it will get confirmed very soon. If you pay low then wait for more time to clear it.

Do not let the user rank fool you into believing that one person knows more about Bitcoin than another. A lot of accounts are bought by people

to participate it signature campaigns to get higher income. { I am not saying this is the case with OP, but in some cases this is true } Some

of these users can easily be identified, when the post style change.  Roll Eyes

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January 12, 2017, 03:36:41 PM
 #48

Ok my transaction stucked because I payed low fees at the time of transaction it was 0.08 USD worth Bitcoin just  0.02 USD less in 0.1 USD so that doesn't mean that my transaction should not be processed.
On the contrary, that's exactly what it means. If your transaction fee is even slightly less than the cost of including your transaction in a block, miners have absolutely no incentive to do so, and your transaction will probably never be confirmed. That it why it is so important to pay the correct fee.

If someone paying $0.1 as fees and his transaction processed within half an our or 1 to 2 hours maximum than I paid just 0.02 less so my transaction should be processed within 8-10 hours but its almost 24 hours passed and no signal confirmation yet.
what do say about this?
I say you're a cheapskate. I myself don't want to wait even one hour, and pay the maximum rate to ensure my transactions are included in the very next block, which typically costs about 5 cents extra for a grand total of 15 cents per transaction. I don't rightly know why people try to get away with paying less.
So i wanted to do something good for Bitcoin. Support the ecosystem and all. I opened my company to Bitcoin and now you can pay us or receive your payment in Bitcoin. We have about 10,000 Transactions a day and those 5 cents you do not care about amount up to $500 per day or $15,000 per month. Just like that. I do not know how much you make a month, but if you think that 5 cent can not make a difference, then think again.

FaucetRank.com (OP)
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January 12, 2017, 03:40:07 PM
 #49

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d

You are Hero Member and you dont know the reason of this delay, as the price of bitcoin rise the transaction fees is also getting high so according to it you have to pay the fees then only it will get confirmed very soon. If you pay low then wait for more time to clear it.

Do not let the user rank fool you into believing that one person knows more about Bitcoin than another. A lot of accounts are bought by people

to participate it signature campaigns to get higher income. { I am not saying this is the case with OP, but in some cases this is true } Some

of these users can easily be identified, when the post style change.  Roll Eyes
I did not bought this account from anyone and I created this account myself and  handling my own account from day 1 when it was created by me. This is my one and only account on this forum.

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Doamader
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January 12, 2017, 03:50:23 PM
 #50

Well its wizzard the transaction taking soo long, but the fee you putted might had affected your transaction, if im not wrong the fee should had to be bigger then those 10k satoshis you put, soo its your fault those transaction hadnt been confirmed, dont blame anything else. I pretty sure those transaction would require something like 30k satoshis atleast soo you changed and you are taking the risk and the delays.
This is the sugested fee for the transaction size,90 satoshis/byte, changing it will affect the time the network will confirm it.
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January 12, 2017, 03:50:40 PM
 #51

Yesterday I sent some Bitcoin though the amount of Bitcoin is small but the transaction is still pending. If Bitcoin transaction time issue not solved than Bitcoin will die soon. Who would like to use Bitcoin if transaction not confirmed even within a day?

Here is TX link https://blockchain.info/tx/7a531e7990e02dd498d74d8a5c25a536d8b307ab20b31298b23aa44831924d5d

You are Hero Member and you dont know the reason of this delay, as the price of bitcoin rise the transaction fees is also getting high so according to it you have to pay the fees then only it will get confirmed very soon. If you pay low then wait for more time to clear it.

Do not let the user rank fool you into believing that one person knows more about Bitcoin than another. A lot of accounts are bought by people

to participate it signature campaigns to get higher income. { I am not saying this is the case with OP, but in some cases this is true } Some

of these users can easily be identified, when the post style change.  Roll Eyes
I did not bought this account from anyone and I created this account myself and  handling my own account from day 1 when it was created by me. This is my one and only account on this forum.
They do have some point because we cant really believe a Hero member doesnt still know about bitcoin transactions?How much would be the recommended fee to have a good confirmation times its quiet confusing but well you said you do only have that account.We wont argue im just stating also my view.
Confirmations times really depends on the fee and to the blockchain network queue transactions.

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January 12, 2017, 03:57:55 PM
 #52

Quote
Some blocks are coming in half empty, it will get in eventually.
We really do need those 8MB blocks.

Does anyone else see the contradiction in this post?

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January 12, 2017, 04:09:49 PM
 #53

Well, usually they are confirmed and even a lot faster than in a day, so it doesn't seem to be a big threat. And even if a confirmation last for some hours.. Sometimes you order some delivery (food) and your payment is not confirmed for a long time as well. But you still use it, font you? So nothing dies because of some delays. There is still nothing analogoud to btc in strength and anonymity, so it is not in danger.

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January 12, 2017, 04:20:33 PM
 #54

well, I think it is very old information. may be a slight problem on blockchain, but I believe the transaction will not be more than 24 hours. but, it remains a long transaction. if this happens continuously, I think people's interest in bitcoin, will be reduced gradually. I hope this is just a quick interference to fix.

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January 12, 2017, 04:46:58 PM
 #55

So you are blaming the confirmation time for Bitcoin collapse seriouly there are many more factors time is for sure not even one of them for sure
If you want it to happen fast i guess you need to pay more fees for sure
Since your amount is low than better do small transactions with web wallets like Coinbase. They have zero fees and transactions confirm in 40-60 minutes.
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January 12, 2017, 04:49:53 PM
 #56

I'll guess it will get confirmed within 24 hours, currently there is little bit over 7000 unconfirmed transactions. I would use 100sat/byte fees most of the times so the transaction will get confirmed most of the times on the next block.

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Mastsetad
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January 12, 2017, 04:56:58 PM
 #57

Yesterday I sent some Bitcoin though the amount of Bitcoin fee is small
FTFY. If you can't afford to spend 10 cents on fees, maybe Bitcoin isn't for you.
He's right if you can't afford to pay the transaction fees then bitcoins isn't for you. You want faster transactions then why you're not sending enough fees?

Than we should not promote Bitcoin in public saying that Bitcoin transaction charge lowest fees than it is false information we are spreading between users.
we should also say them that low fees but transaction will not confirm within 3-5 days.

Even if you pay the maximum of default fees it would still be the lowest compared to other payment processors, so NO, we are not spreading false information that bitcoin charges the lowest fees on transactions because it does. 22k satoshi as a fee for above $20 transaction is nothing.
Devboy
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January 12, 2017, 05:03:59 PM
Last edit: January 12, 2017, 06:41:31 PM by Devboy
 #58

As far as i know, A normal transaction are confirmed within 10-15 min. There are many unusual happend might be affected your transaction as a result sometimes it little bit delay.Come over those unusual happend you may ensure first your network fee.
According to this,you can't say that only on this happend people are unlike bitcoin,its not a wise talk.
MANCRYPTOS
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January 12, 2017, 05:05:11 PM
 #59

Bitcoin will die ? Of course, no, it is not bitcoin fault, when one rich man needs to send 1-2 bitcoins without pay nothing, my transaction fee always is 0.00025 or more and confirmations is fast, so I'm ok with my fees and bitcoins. Good luck

dunfida
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January 12, 2017, 05:07:54 PM
 #60

Bitcoin wont die on this just simple matter regarding on delay transaction which i already treated already as a normal thing on bitcoin network because we are increasing on volume which means transactions are increasing too which means it gives more traffic on the chain thats why confirmation does really took soo long and also depends on the fee you put on that transfer.The less fee the longer it would confirm.

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