Bitcoin Forum
December 14, 2017, 08:08:49 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: Why is my transaction requiring 686,000+ confirmations!?  (Read 488 times)
HabBear
Hero Member
*****
Offline Offline

Activity: 574


View Profile
January 17, 2017, 05:05:15 AM
 #1

I'm watching a transaction come through, still pending, but it's showing more than 686,000 confirmations. Why does the blockchain require that many transactions? It seems completely over-necessary, which makes me believe the system lack efficiency. Do we have that many miners trying to vie for the same transaction confirmation (is the miner network that large)? The transaction was for less than BTC0.015.

Any thoughts are appreciated, thanks.



1513282129
Hero Member
*
Offline Offline

Posts: 1513282129

View Profile Personal Message (Offline)

Ignore
1513282129
Reply with quote  #2

1513282129
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513282129
Hero Member
*
Offline Offline

Posts: 1513282129

View Profile Personal Message (Offline)

Ignore
1513282129
Reply with quote  #2

1513282129
Report to moderator
1513282129
Hero Member
*
Offline Offline

Posts: 1513282129

View Profile Personal Message (Offline)

Ignore
1513282129
Reply with quote  #2

1513282129
Report to moderator
1513282129
Hero Member
*
Offline Offline

Posts: 1513282129

View Profile Personal Message (Offline)

Ignore
1513282129
Reply with quote  #2

1513282129
Report to moderator
Foxpup
Legendary
*
Offline Offline

Activity: 2044



View Profile
January 17, 2017, 05:12:56 AM
 #2

more than 686,000 confirmations.
Impossible. There are currently only 448,582 blocks.

Why does the blockchain require that many transactions?
By "the blockchain", do you really mean "blockchain.info"? They're notoriously unreliable.

Will pretend to do unverifiable things (while actually eating an enchilada-style burrito) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4
MicroGuy
Legendary
*
Online Online

Activity: 1680


www.MicroGuy.com


View Profile WWW
January 17, 2017, 06:31:24 AM
 #3

I'm watching a transaction come through, still pending, but it's showing more than 686,000 confirmations. Why does the blockchain require that many transactions? It seems completely over-necessary, which makes me believe the system lack efficiency. Do we have that many miners trying to vie for the same transaction confirmation (is the miner network that large)? The transaction was for less than BTC0.015.

Any thoughts are appreciated, thanks.




Transaction ID please? I'd like to see this beauty.

"The Internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round."
HabBear
Hero Member
*****
Offline Offline

Activity: 574


View Profile
January 17, 2017, 06:43:43 AM
 #4

Transaction ID please? I'd like to see this beauty.

ec6d625c37b334cbec1477f84ef9fd0a86103bc0c07efb579ae74ef56c6ee8be

So i see two things I need to clarify:

  • This transaction was sent to an account I have with Coinbase, and in the transaction details with Coinbase they state "686370 confirmations", this statement is a hyperlink
  • When I click on the hyperlink I get the full transaction details and see that the transaction actually has 11 confirmations (from btc.blockr.io

What is Coinbase referring to by their "686370 confirmations" statement?

Thanks.

Andromaque
Newbie
*
Offline Offline

Activity: 26


View Profile
January 17, 2017, 06:52:36 AM
 #5

Coinbase and such are not real block explorers. I checked your transaction and there is only 12 confirmations.
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
January 17, 2017, 08:35:31 AM
 #6

-snip-
What is Coinbase referring to by their "686370 confirmations" statement?

Thanks.

Id guess an internal error, die you contact their support about it?

KennyR
Hero Member
*****
Offline Offline

Activity: 714


View Profile
January 17, 2017, 09:04:58 AM
 #7

This seems to be a technical error, you get things clarified in a short if you could write a statement about the associated issue to the support executive to sort out the problem.


            ▄▄████████▄▄
        ▄██████████████▄
    ▄█████████████████▄
  ██████████████████████
▐██████████████████████▌
████████████████████████
████████████████████████
████████████████████████
▐██████████████████████▌
  ██████████████████████
    ▀█████████████████▀
        ▀██████████████▀
            ▀▀████████▀▀
bitPlay 
        ████
    █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
█  █  ████
    █  ████
        ████
      EARN UP TO 5.9% DAILY INVESTING IN eSPORTS   
    ▃▃▃▃ ▃▃▃▃▃▃    Choose a plan, make a deposit and enjoy the profit!     

████
████  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █  █
████  █
████
✔ DDOS Protection
✔ SHA-2/2048-BIT SSL Encryption
✔ Brilliant Solutions
✔ Fast Income
Ironsides
Jr. Member
*
Offline Offline

Activity: 38


View Profile
January 17, 2017, 09:27:25 AM
 #8


By "the blockchain", do you really mean "blockchain.info"? They're notoriously unreliable.
I also heard Roger Ver invest in blockchain.info  Angry. Don't trust this rascal. Better stick to another service
Xester
Hero Member
*****
Offline Offline

Activity: 672


★YoBit.Net★ 350+ Coins Exchange & Dice


View Profile
January 17, 2017, 12:16:27 PM
 #9

It is just a technical error or a glitch in their system. There are even a time when transactions does not appear on blockchain.info but it is visible on blockcypher. Blockchain.info has many clients and I believe they have the most users among all web wallet hosts online. Though they are unreliable but when it comes to protection form hackers they are very good at it. As of this moment that I am typing blockchain,info is again experiencing technical problems or it is just my internet why I cant access the site as of this moment.

HabBear
Hero Member
*****
Offline Offline

Activity: 574


View Profile
January 17, 2017, 04:22:56 PM
 #10

Thanks all for the responses. We've talked this through enough. Perhaps there was a glitch on the Coinbase side. There's no need to discuss further, I've been paid and I've received my answer that there aren't an incredible number of confirmations required for a small transaction.

I appreciate the quick response. Thanks.

Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!