More than 50,000 unconfirmed transactions

[countryfree]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

[kiklo]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

[Viscount]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

SegWit will give us block size increase that's all we need need. no fucking hardforks!

[Viscount]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively. 
Bitcoin makes x3 by summer 2017 

[-ck]

You're right, it appears to be another concerted spam effort rather than real transactions though.
This graph is telling:
http://statoshi.info/dashboard/db/transactions

Likely another political stunt.

[countryfree]

You're right, it appears to be another concerted spam effort rather than real transactions though.
This graph is telling:
http://statoshi.info/dashboard/db/transactions

Likely another political stunt.

Thanks for info. I was wondering whether it was an attack or something.
Well, I hope it doesn't last.

[kiklo]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively.  
Bitcoin makes x3 by summer 2017  

Price has gone down $15 in the last 20 minutes, BTC is heading down,
Chinese are selling because the new trading fees on their exchanges mean they won't be able to manipulate the price like when it was zero fees.
Watch the Charts tonight and decide for yourself.  
http://coinmarketcap.com/currencies/bitcoin/#charts
Select 1d so you can see the decline begin.

 

[hdtqisg]

many unconfirmed transactions at the moment, but i think it is still normal

[kiklo]

many unconfirmed transactions at the moment, but i think it is still normal

https://blockchain.info/
unconfirmed transactions will get alot higher if they keep doing this,  
Height    Age            Transactions   Total Sent            Relayed By    Size (kB
449723    2 minutes         1                 12.50 BTC        BTCC Pool       0.27


 

[dihari]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively.  
Bitcoin makes x3 by summer 2017  

Price has gone down $15 in the last 20 minutes, BTC is heading down,
Chinese are selling because the new trading fees on their exchanges mean they won't be able to manipulate the price like when it was zero fees.
Watch the Charts tonight and decide for yourself.  
http://coinmarketcap.com/currencies/bitcoin/#charts
Select 1d so you can see the decline begin.

 

Why it's all about the Chinese? Why they have big amount of money in this business? Why another countries can't be like Chinese so they can make a move for bitcoin too? Why?
So many unconfirmed transactions from Chinese users before the price down is mean they know what will happen next.

[Hydrogen]

You're right, it appears to be another concerted spam effort rather than real transactions though.
This graph is telling:
http://statoshi.info/dashboard/db/transactions

Likely another political stunt.

Maybe they're doing it to push the price down.

So they can buy a lot of BTC for their next pump and dump cycle?

 

[-ck]

You're right, it appears to be another concerted spam effort rather than real transactions though.
This graph is telling:
http://statoshi.info/dashboard/db/transactions

Likely another political stunt.

Maybe they're doing it to push the price down.

So they can buy a lot of BTC for their next pump and dump cycle?

Many of these done in the past have even announced their intent and they were mostly political and rarely technical, but never financial; no doubt this one is something about block size again.

[ArticMine]

This kind of attack works because the spammer sends spam at a much faster rate than the Bitcoin network with its fixed 1 MB blocksize can possibly mine. There is consequently little or no cost to the spammer other than the spammer's own bandwidth. There is a significant cost to the network; however in driving up the bandwidth costs of those of us who run full nodes, with the likely result of driving down the number of full Bitcoin nodes.

A ~60% effective blocksize increase via say SegWit alone will not address this kind of spam attack.

[bitsolutions]

This kind of attack works because the spammer sends spam at a much faster rate than the Bitcoin network with its fixed 1 MB blocksize can possibly mine. There is consequently little or no cost to the spammer other than the spammer's own bandwidth. There is a significant cost to the network; however in driving up the bandwidth costs of those of us who run full nodes, with the likely result of driving down the number of full Bitcoin nodes.

A ~60% effective blocksize increase via say SegWit alone will not address this kind of spam attack.

Feerate filters will generally drop spam transactions and prevent those with too low of fees from getting relayed. The block size limit is actually fairly effective at preventing most of the spam from getting mined. What you're missing is that the resources costs to nodes for spam transactions that get mined are far higher than those that do not. Raising the block size actually has the effect of making spam attacks worse since more spam would be mined and take up resources/create more UTXO's.

[ArticMine]

...

Feerate filters will generally drop spam transactions and prevent those with too low of fees from getting relayed. The block size limit is actually fairly effective at preventing most of the spam from getting mined. What you're missing is that the resources costs to nodes for spam transactions that get mined are far higher than those that do not. Raising the block size actually has the effect of making spam attacks worse since more spam would be mined and take up resources/create more UTXO's.

Actually the spammer simply increases her fees. One must keep in mind that the spammer relies the fact that only a very small portion of the spam transactions will actually get mined regardless of the fees because of the fixed blocksize. A dynamic blocksize with a proper fee structure can be a very effective deterrent against this type of spam attack because by threatening to mine the spam it imposes a very significant risk to the spammer.

[rexxarofmoknathal]

Out of curiousity, what's the worst it's ever gotten to, whether because of spammers or other reasons?

[bitsolutions]

Actually the spammer simply increases her fees. One must keep in mind that the spammer relies the fact that only a very small portion of the spam transactions will actually get mined regardless of the fees because of the fixed blocksize. A dynamic blocksize with a proper fee structure can be a very effective deterrent against this type of spam attack because by threatening to mine the spam it imposes a very significant risk to the spammer.

The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

[bL4nkcode]

As this current time, there are already 71208 unconfirmed transactions in live updating list of new bitcoin transactions in blockchain https://blockchain.info/unconfirmed-transactions, and expect that it will increase later it this kind of attack will continue. But I guess this is bit normal, as I saw already more 70k unconfirmed transaction last year.

[mobnepal]

Out of curiousity, what's the worst it's ever gotten to, whether because of spammers or other reasons?

In worst case this may last for few days but if you look at http://statoshi.info/dashboard/db/transactions in monthly stats you can see similar attack during 6th of January which haven't lasted for more than a day. So may be this will be settled down by tomorrow or by end of today. Nothing to worry about just you have to send bitcoin with a bit more fee than what you used to today.  

[ArticMine]

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

[Kakmakr]

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?

[rdbase]

Yeah I've been waiting over 8 hours. I hope it somehow confirms soon

[ArticMine]

...

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?

I suspect it is related to the blocksize issue. For example force a bigger blocksize etc. It will not bring down the Bitcoin network at least at the current levels, but it is having a negative impact. Increasing bandwidth costs for nodes, slowing down legitimate transactions, etc.

[Kabul]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

Damn. If it really happen, we will all gonna die. F**k the Chinese, I will fly to Mars to live. Hope that there will be no Chinese around Mars. I can stand seeing the prices keep dropping and dropping

[nelson4lov]

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

Ok, So this is an attack targeted at nodes. Why would someone go through all the trouble to do that? Can this be a strategy to force people to accept SegWit or to make them realize that it is needed? The other possibility is that this is a external attack from a competitor, to take the network down.

What would be your opinion on the motive for this attack?

First We need to be sure If It's an attack on the bitcoin Network. As You say, I don't see any reason why someone will go through or the stress for flood the blockchain with Unconfirmed Transactions.

If It's an attack to made people embrace Segwit and Unconfirmed Transaction become more consistent, We may have to adopt Segwit.

Yeah I've been waiting over 8 hours. I hope it somehow confirms soon

Over 8 hours? I'm extremely worried over My transactions that have been stucked for 3 hours now. Maybe we just need to wait a little longer

[Donatelo]

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance

[Pettuh4]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

I'm totally shocked because I've been waiting for about 2 hours now for my transaction to be confirmed and luckily I received a link about unconfirmed transactions which I checked and currently the unconfirmed transactions are approaching a whopping 70k and no more at the 50k you earlier stated so this is becoming alarming.

[lurker10]

It isn't an attack.

A large mining difficulty adjustment happened yesterday, less blocks are mined compared to the last adjustment blocks period. In the last period blocks were mined too fast because miners added much mining power. Now it's back to normal speed of 1 block in 10 min on average.
When network is saturated and it has been since a few months ago, this normal speed is not enough and it results in a backlog.

[lurker10]

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

[Donatelo]

Whtas happen to the mining guys?
70k unconfirmed tx??
Never seen that before.
https://blockchain.info/tx/ce9b7a684a35c9885445eaee38f85eef5a5debe82d6aced4a9d54f18035b3e53
Withdaw from paxful 0.063 i made yesterday. (14h ago) And it stucked. Can it be pruned from database ? Can it happen that i lose my money?
Please someone confirm that tx.
Please someone broadcast it.
Thanks in advance

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

[lurker10]

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.

[Donatelo]

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.

Just...

I thought it could be added to a.miner manually. Probably i was wrong..

[lurker10]

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.

Just...

I thought it could be added to a.miner manually. Probably i was wrong..

sure it can be... if you can bribe the miner to give you priority service

[Donatelo]

This transaction pays 69 sat/byte, this is way less than the average in the past 24 hours, expect a longish delay. Current average fee to confirm in 30-60 mins is 100 sat/byte.

The fee was payed by paxful. Not by me.
Hate that!
Please can someone add it to a block? Please

We can't control others who send us Bitcoin. A service I used paid a 80 sat/byte fee and it just took 8 hours to confirm.

Just...

I thought it could be added to a.miner manually. Probably i was wrong..

sure it can be... if you can bribe the miner to give you priority service

I will pay 1€ in bitcoins for someone to do so. Anyone?

[saturnalia]

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

I agree, so let's think about this like business men. If you want the miners to do something, you have to use incentives. How can we pressure and/or incentive miners into accepting SegWit? How can we economically punish those who do not? Money talks and bullshit walks, if what we do does not affect their profits then they won't give a fuck.

Let's come up with ideas; I have at least 1:

• Start a donation drive and give the proceeds directly to SegWit supporting pools
• Buy mining equipment and mine at a loss in order to contribute to a SegWit pool
• More ideas?

[1Referee]

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).

[Donatelo]

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).

So what if we withdraw money from exchanges and the fee is not depend on us?

[1Referee]

It's not the first time that the mempool is stacked, and it definitely won't be the last time, so complaining is quite pointless. If your transactions have priority, then adapt to the situation and include a higher fee the next time, or simply double spend the current transaction with a higher fee. That's exactly what I do, and most of the times my transaction gets included in the next block. See it as an auction where you have to bid higher than other people to win (get your transaction included in the next block).

So what if we withdraw money from exchanges and the fee is not depend on us?

In that case the user is not to be blamed, but the exchange is. Exchanges should either implement a forced fee of like 0.001BTC, or they should allow users to set a custom fee where there is a minimum of at least 0.0005BTC. In current times, users should be given these options as there is no way that the stingy fees that exchanges include for their withdrawals are enough.

[doomistake]

This happens most of the time specially if there are new HYIPs that paying small amount of bitcoin, which is seducing people to invest on their sites and return their bitcoin in the right time but the amount has been doubled, nad going to run if many people had already invest to them, resulting this kind of situation when those people are withdrawing their small investment on a certain HYIP site causing many unconfirmed transaction on the blockchain.

[Dammitt]

At the moment I have a similar problem with 0.0030 btc in about 24 hours and still waiting for approval.

Segwit seems to need we need to increase the size of the block, but I can say that the source of the problem is not quite as big as the boom.

Especially for small-scale transactions it takes too long to get approval.

[Carlsen]

At the moment I have a similar problem with 0.0030 btc in about 24 hours and still waiting for approval.

Segwit seems to need we need to increase the size of the block, but I can say that the source of the problem is not quite as big as the boom.

Especially for small-scale transactions it takes too long to get approval.

Same here.
Made a small purchase and used bitpay, that was 5 hours ago.
I already contacted the shop where I placed the order and they are aware of the problem, so I do not expect any trouble once the transaction goes through.
But I really hope that will not happen too often in the future.
From now on I will always controle the mempool size before I make a transaction.

[0x0010]

Easy solution use one of the other coins if the unconfirmed BTC transactions are over 10,000.

If BTC miners are going to play games to jack up the fees you have to pay.
Use another coin , they are cheaper and faster anyway than BTC with none of these shenanigans.

LTC, Doge, Eth and others are all running normally.


 

Well stop being cheap and send a 50 cent fee

[countryfree]

I still have one unconfirmed transaction, after 16 hours, and that's a bad surprise, because I had made another transaction which went through in 4 minutes, just one hour earlier.

It is shockingly easy to spam the network. I would have been happy to use a larger fee if I had known something bad was about to happen. Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

[Donatelo]

...
The spammer increasing their fees just causes legitimate transaction fees to increase since wallets use dynamic fee calculators, this prices the spammer out of the blocks since transaction fees are relatively small for the legitimate users but large for the spammer(since they are trying to buy a lot of block space). Without a cap fees would likely be too low to price the spammer out of the blocks.

The point of the spam is not to buy blockspace since there is way too much spam for that, or even compete with the ham but only to spam the nodes. Fee filters are not a defense since the spammer sets her fees above the filter but below the ham. 

if bitcoin core developers will resist to increase block size, we can say good bye to bitcoin.
as without confirmations it is nothing more than rubbish

[-ck]

Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

The core client gives you an estimate of how many blocks it will take to confirm your transaction and allows you the option of changing the fee to speed it up to a faster estimate.

[Farma]

maybe too many transactions are done simultaneously, thus making the system of blockchain work slowly, and going unconfirmation. maybe but I think it will improve quickly. I think this kind of thing happens. all it takes is a little patience  .

[Donatelo]

I still have one unconfirmed transaction, after 16 hours, and that's a bad surprise, because I had made another transaction which went through in 4 minutes, just one hour earlier.

It is shockingly easy to spam the network. I would have been happy to use a larger fee if I had known something bad was about to happen. Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

Thats what the miners want. "invite" us to use larger fees. so the beauty of bitcoin is losing his powers.
if bitcoin will became slow and non economical, why we should use it?
i better use XMR then or, LTC. any other will work fine

[countryfree]

Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

The core client gives you an estimate of how many blocks it will take to confirm your transaction and allows you the option of changing the fee to speed it up to a faster estimate.

Thanks for info. I used for it for a long time, but I changed when the blockchain passed over 50 Go.
I'm now with Electrum, which has a feature to tell when the confirmation time will be, but only after a transaction is signed. It says 25 blocks for my last transaction. Not very useful...

[shield132]

Easy solution use one of the other coins if the unconfirmed BTC transactions are over 10,000.

If BTC miners are going to play games to jack up the fees you have to pay.
Use another coin , they are cheaper and faster anyway than BTC with none of these shenanigans.

LTC, Doge, Eth and others are all running normally.


 

What about hard forks which Etherium has? Litecoin was good and popular when it was new but now personally I can't see further develop of this coin. Also hard forks aren't normal for mostly known altcoins because it's lowering trust on people's vision.
As lauda said bitcoin team isn't going for any fork in future and won't happen but that lost bitcoins are very bad. In real life some people has billions and most people are poor, so I think lost bitcoins won't affect anything but there is chanse of growing it's number.

[nelson4lov]

I still have one unconfirmed transaction, after 16 hours, and that's a bad surprise, because I had made another transaction which went through in 4 minutes, just one hour earlier.

It is shockingly easy to spam the network. I would have been happy to use a larger fee if I had known something bad was about to happen. Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

Thats what the miners want. "invite" us to use larger fees. so the beauty of bitcoin is losing his powers.
if bitcoin will became slow and non economical, why we should use it?
i better use XMR then or, LTC. any other will work fine

I wouldn't blame Miners though. I believe the Problem is because The Network is being spammed. I sent Payment and got 4 Confirmations within 20 minutes but I had another transaction still unconfirmed for about 6 hours now.

[Zadicar]

I still have one unconfirmed transaction, after 16 hours, and that's a bad surprise, because I had made another transaction which went through in 4 minutes, just one hour earlier.

It is shockingly easy to spam the network. I would have been happy to use a larger fee if I had known something bad was about to happen. Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

Thats what the miners want. "invite" us to use larger fees. so the beauty of bitcoin is losing his powers.
if bitcoin will became slow and non economical, why we should use it?
i better use XMR then or, LTC. any other will work fine

I wouldn't blame Miners though. I believe the Problem is because The Network is being spammed. I sent Payment and got 4 Confirmations within 20 minutes but I had another transaction still unconfirmed for about 6 hours now.

This is right thats why there are lots of unconfirmed transactions because of the network is being spammed by transactions and mostly of them are on hyip sites or doubler that do exist online and we do know they process payout on hourly basis and which do make many transactions and we do experience it lately before.

[maxxdxx]

The mempool is massive right now. Over 50k transactions stuck. I have a few stuck myself. It will probably confirm after a few days.

[SamMurphy]

It must be something now. It's not a game, those are our money and there is not time to spend on waiting forever for the confirmations. I don't care what about will have to be, but this is infuriating 

[Qunenin]

Easy solution use one of the other coins if the unconfirmed BTC transactions are over 10,000.

If BTC miners are going to play games to jack up the fees you have to pay.
Use another coin , they are cheaper and faster anyway than BTC with none of these shenanigans.

LTC, Doge, Eth and others are all running normally.


 

Sometimes the bitcoin transactions takes more time than usual, but then it does not mean that we start using Alts like LTC, Doge etc in replacement of Bitcoins. Just see how many transactions are performed daily on bitcoins and on other Alts. You can see the difference. Load can make things little slow.

[Daniel91]

In fact, I never worried about my btc transactions in the past.
I would just send my bitcoin payment and in a few hours my transaction will be confirmed.
Recently, I was in hurry because i had to pay certain service on time but I had to wait for my btc transaction confirmation almost 48 hours.
It really created problem for me and now, whenever I have to send some btc payment, I worry a lot.
I hope that this problem will be solved somehow.

[ivanst776]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

How much fee does your transaction has? At the moment the number of unconfirmed transactions has been increased to 62000+.

I am also pro of the block size increase because it will be muchc better for the community and of course less stress.

[Kprawn]

We can moan and bitch all we want, it will make no difference to the situation. The miners and the spammer have full control over this situation. I

will switch to any implementation where you can have a option to submit a higher fee, after it was already submitted. This is getting ridiculous that

someone can bloat the mempool and hold back 60k tx's. I have 2 tx's pending for more than 23 hours.  

I guess this is what the spammer intended with this. Would it not be nice, if some miners could concentrate all efforts to eliminate this backlog?

Sweep up all 60k tx's in one sweep!  .......... So angry now, I am talking out of my ass!

[lolxxxx]

And now it increased 61k, My transaction is also un-confirmed from 12 hours and i'm waiting for it to get confirmed.

[kiklo]

Easy solution use one of the other coins if the unconfirmed BTC transactions are over 10,000.

If BTC miners are going to play games to jack up the fees you have to pay.
Use another coin , they are cheaper and faster anyway than BTC with none of these shenanigans.

LTC, Doge, Eth and others are all running normally.


 

What about hard forks which Etherium has? Litecoin was good and popular when it was new but now personally I can't see further develop of this coin. Also hard forks aren't normal for mostly known altcoins because it's lowering trust on people's vision.
As lauda said bitcoin team isn't going for any fork in future and won't happen but that lost bitcoins are very bad. In real life some people has billions and most people are poor, so I think lost bitcoins won't affect anything but there is chanse of growing it's number.

If you are going to buy & hold, then pick the coin of your choice and wait for it if it is BTC.

If you only need to transfer value, use one of the Alts when BTC is jammed up,
1. Faster
2. Cheaper
3. It will be converted immediately upon arrival to something else anyway.

Example,
if you were paid with a check, are you going to hold it for a year or cash it and convert it to fiat and buy something.
Understanding the difference between investing and transferring value are Two Different things.
Investors buy & hold. Transference of value is not investing so anything that is fast works better.

 

[Ayers]

And now it increased 61k, My transaction is also un-confirmed from 12 hours and i'm waiting for it to get confirmed.

Did you pay the correct fee? which is now an average of 27k satoshi, 120 satoshi per byte, the previous one was 20k satoshi, i suppose it's now higher because there are more pending transactions

[Variogam]

Is there any website or application which order all transactions from the backlog by the fee/KB and show where is my transaction? This could give me some information how long more I need to wait for confirmation, or how the situation changes over time so I can act accordingly.

[Lucius]

I have one transaction unconfirmed for 24+ hours and I try solution that was mentioned here : https://bitcointalk.org/index.php?topic=1762912.0
After some 2 hours my transaction is confirmed.You can submit your TXID for free  https://www.viabtc.com/tools/txaccelerator/

It's always bad when things like this happen,and certainly is not in favor of Bitcoin as currency.I hope some solution that will satisfy users and miners will be found as soon as possible.

[lolxxxx]

And now it increased 61k, My transaction is also un-confirmed from 12 hours and i'm waiting for it to get confirmed.

Did you pay the correct fee? which is now an average of 27k satoshi, 120 satoshi per byte, the previous one was 20k satoshi, i suppose it's now higher because there are more pending transactions

I guess the person who sent me the money has paid 0.0002 for a transaction of 300 bytes which is actually low around some satoshis so I'm hoping that my transactions get confirmed soon.

[virasog]

Is there any website or application which order all transactions from the backlog by the fee/KB and show where is my transaction? This could give me some information how long more I need to wait for confirmation, or how the situation changes over time so I can act accordingly.

You can get information for the bitcoin transactions and hashes at blockchain.info. This site will give you details of every transactions and also show you if it will be completed with high, medium or low priority, depending upon the fee you paid.

[ImHash]

Not only bitcoin is under attack but forums is as well because it took me 15 minutes to post here after 5 errors encountered.
I wonder what happens if there are millions of transactions in near future? is segwit a long term solution?

[-ck]

Thanks for info. I used for it for a long time, but I changed when the blockchain passed over 50 Go.
I'm now with Electrum, which has a feature to tell when the confirmation time will be, but only after a transaction is signed. It says 25 blocks for my last transaction. Not very useful...

Using core with a pruned blockchain it can be as small as 550MB. There is no need to have the whole 120GB to still derive the benefits of using the core client.

[sotirispngt]

Indeed that is a crazy amount of unconfirmed transactions.
It has been happening for a long time now, and it really is annoying!
I have no idea what we can do to fix it but we need to act as fast as possible!

[kiklo]

Indeed that is a crazy amount of unconfirmed transactions.
It has been happening for a long time now, and it really is annoying!
I have no idea what we can do to fix it but we need to act as fast as possible!

The Only Fast Fix is for everyone to USE ALTs like LTC or others until the unconfirmed transactions decrease to below 10,000.
If enough people did this , BTC would be back at normal speed in a few hours.

Long Term , BTC Block Size has to be increased, until this happens BTC will always congest and fail.
Odds are it will be a year or more before BTC Core Devs gets their heads out of their asses and get it done.

Short Term: Alts like LTC are the only Fast Fix.

 


FYI:
If you look at the BTC Block Explorer you can see the Chinese Mining Pools are generating Blocks with only 1 transaction.
It looks like they are intentionally causing the backlog to keep their fee prices higher.

https://blockchain.info/
unconfirmed transactions will get alot higher if they keep doing this,   
Height    Transactions     Relayed By    Size (kB
449723          1                BTCC Pool       0.27
449838          1                F2Pool            0.27

[Rinder]

This will keep happening one over another time, until a solution will be found to handle the situation, this had happened already twice on the last 6 monthts if im not wrong, are this signals that bitcoin must upgrade to handle this question, that is becoming a problem. This delay does damage crypto world in general, soo its time to do something about it.

[Flyskyhigh]

If what they receive in increased fees is more than the cost to spam the network, then it will probably continue.

[shinratensei_]

Indeed that is a crazy amount of unconfirmed transactions.
It has been happening for a long time now, and it really is annoying!
I have no idea what we can do to fix it but we need to act as fast as possible!

The blocksize increase but at least if the spam transaction just like the big waves and it can't prevent it with more efficient.
What will you do dude? You can't do anything rather than waiting for your transaction until the next week or days.

[countryfree]

Then try http://bitcoinfees.21.co/, it's very accurate and have lots of detailed information.

Thanks for that link.
 
I'm afraid this is now needed. It will make BTC less convenient, but from now on, before making any transaction, we will have to check the state of the network, and pay a higher fee if needed. This is really bad news. We will now have fees going up or down with the time of the day, the day of the week, or a sales period, whereas SEPA transfers are free for most Europeans like me.

Some good news, though, my transaction finally went through after 26 hours. More than a day! BTC needs to be much improved if it wants to be successful.

[shinratensei_]

And now it increased 61k, My transaction is also un-confirmed from 12 hours and i'm waiting for it to get confirmed.

Did you pay the correct fee? which is now an average of 27k satoshi, 120 satoshi per byte, the previous one was 20k satoshi, i suppose it's now higher because there are more pending transactions

He was paying the correct fees before the spam transactions were happening. more and more spam transaction fee will make deprioritize on your transaction. It has needed more time to gone.
Caused by the spam transaction the system will increase the fees without any attention.

[vinicius03]

I can see here I'm not the only one waiting more than A DAY for a transactions goes thru!

[lOvE mE forEvEr]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

[Huge Black Woman]

Blam it, I gots money stuck up in the blockchain, too!  I fooled aroun' wit tha damn miners' fee an' I thank I set it way too low.  My thing been stuck fo' goin on 12 hours now.  It's too bad y'all cain't up da fee when you mess up...but Imma fool fo' messin' up in the first place.  Ah assume that's whut the prollem is, but they ain't no way ta tell thet I know of.

[Kabul]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

I agree. However, we still need to support Bitcoin if you ever want other cryptos to be accepted. I really do not know why we have this problems for many times in the last year. SEGWIT is needed right now. SEGWIT will save us and also save Bitcoin

[shinratensei_]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

Prevent the double spend, reaching your legality because every transaction has got validated by miner. You must read more about that.   

[morantis]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

Prevent the double spend, reaching your legality because every transaction has got validated by miner. You must read more about that.   

just let people like this wander around and finally out the door.  it is that kind of complete clueless spekaing that hurts the community.  they are not just ignorant, they refuse to learn and that is where the problem starts.

[philiveyjr]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

[1Referee]

Maybe we should add a "unconfirmed transactions backlog checker" on clients to warn us about the state of the network, and invite us to use a larger fee.

The core client gives you an estimate of how many blocks it will take to confirm your transaction and allows you the option of changing the fee to speed it up to a faster estimate.

It's funny how wide the guess range is that the client thinks you will need before it gets included in a certain block. In some cases it gives people false hope as they purely focus on getting their transaction confirmed within an x amount of blocks as suggested by the client. It all depends on whether the pools find your transaction worthy enough to be picked up. But it's not always the pools to be blamed for not including certain transactions in their block. I still find it quite shocking that some people include fees that are far lower in number than 0.0001BTC. They either have no clue of how the current network situation is, or they try to save out a few thousand Satoshi's by adding lower fees. Not sure which of the two reasons is worse.

[leopard2]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

[mnightwaffle]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

It was at like 69k when I sent.
Mine will be unconfirmed for 24 hrs soon..

https://blockchain.info/tx/93ed5db0182e7447716a43741858e132df845b1216e1c1958d50086e2c02b643

[erickkyut]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Wow! I think it is only a proof that bitcoin users are constantly growing in numbers. Bitcoin is becoming more and more popular worldwide! Well, there are advantages and disadvantages for this but let us just be positive always. I hope that by half quarter this year, bitcoin will reach its value by $1500 and expect a longer queue by that time

[mnightwaffle]

It was at like 69k when I sent.
Mine will be unconfirmed for 24 hrs soon..

https://blockchain.info/tx/93ed5db0182e7447716a43741858e132df845b1216e1c1958d50086e2c02b643

update:
used
https://www.viabtc.com/tools/txaccelerator/
fixed the confirmations...... good stuff 

[Wind_FURY]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Miners please activate Segwit already to free some space in the blocks to allow more transactions to fit in. It is far from what Bitcoin Unlimited may do in terms of block size but if the miners do not want Segwit then why is Bitcoin not forked to Bitcoin Unlimited? What is causing the stalemate?

[Bitcoin0916]

I often think that too many confirmation useless, one thing which could make the bitcoin not ideal so that there are opportunities for other coins that can be used to replace the bitcoin. I am worried that if it took 50.000 confirmations then how if 1 million transactions simultaneously? Of course one time transaction could fail.

[Riddikulo]

We would all love for the network to process thousands of transactions per second without any trade-offs, but at present, that is not possible. Simply increasing blocksize creates a problem known as "cost externalizing".

[philiveyjr]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

It was at like 69k when I sent.
Mine will be unconfirmed for 24 hrs soon..

https://blockchain.info/tx/93ed5db0182e7447716a43741858e132df845b1216e1c1958d50086e2c02b643

Your transaction got confirmed. I'm a couple of hours away from mine being 24hrs. The estimated time on Localbitcoins suggests that my transaction might take up to 60hrs. That would really suck if it actually takes 60 hours for a confirmation.

Edit: now it suggests that it'll take 30 mins. (Suggests 63 hrs 5 mins later :/ )

[thepo1m]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

This is not good, it frustrates new users getting into BTC, just imagine you are pitched that you will get 10mins confirmation for a service and its end up lasting 24hrs, you are going to be frustrating.  I just hope the block size issue will be resolved soon

[OROBTC]

...

I did a transaction today for some BTC0.33 with a fee of BTC0.00014 or so.  It did not confirm in the first couple of blocks, so I accelerated it with ViaBTC's nice little tool for moving along trx with small fees:

https://www.viabtc.com/tools/txaccelerator/

It still took a several more blocks, normally when I accelerate a trx it confirms pretty fast.  But this time it did not until ViaBTC won a block, and my trx was in it.

I like the tool, it's free.

But, wherever possible I am just going to put a fee of some BTC0.0002 or BTC0.0003...

[Windpower]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

I didn't really think of it that way, but I think it is definitely the right way to look at this "problem". I was lucky enough to deposit into a couple of websites before this whole thing started to happen. But I don't think it is that big of a problem. It definitely shows that Bitcoin is slowly growing.

However, the problem is slowly getting out of hand and a lot of people are getting pissed off because they have to wait for such a long time to get into a block. Hopefully we don't lose some users because of this.

[digaran]

Why is this an issue now? there are always thousands of unconfirmed transactions the old ones get confirmed and new ones constantly being added.
Bitcoin network doesn't even have a second of down time or maintenance time .

Maybe you guys like to pay $1 up to $2.5 for transaction like in paypal? then good luck in using that crap easily like bitcoin, good luck getting verified.
Just try to pay less than 20 cents to get confirmed for sure.

For those talking about this issues destroy bitcoin and bla bla bla it is correct if legit TXs with recommended fee stuck and no one helped but any time I had delayed sent or received the mining community helped me.

[HabBear]

Let's hope so!

A price drop is exactly what we need, let's get back to $200...I have a hankering for a buying spree!

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  

 

[Searing]

Why is this an issue now? there are always thousands of unconfirmed transactions the old ones get confirmed and new ones constantly being added.
Bitcoin network doesn't even have a second of down time or maintenance time .

Maybe you guys like to pay $1 up to $2.5 for transaction like in paypal? then good luck in using that crap easily like bitcoin, good luck getting verified.
Just try to pay less than 20 cents to get confirmed for sure.

For those talking about this issues destroy bitcoin and bla bla bla it is correct if legit TXs with recommended fee stuck and no one helped but any time I had delayed sent or received the mining community helped me.

yeah also unclear on this....

IS this a spam attack?

Something by the Miners to push the block size rise?

The structure of the fees being charged by the china exchanges?

The ASIC BTC miner gods hate us and loves 'tulips' ?

(probably a spam attack..just a pondering) (2 days on  1 transaction still unconfirmed....now by the by)

 

[Zadicar]

This is just an another spam attack on the network which do makes lots of transactions which is really a bit hassle because confirmation times have been more longer even you put up an higher tx fee. I suppose that the thing causes this spam attacks is from hyips which generates lots of transactions.

[Amph]

If what they receive in increased fees is more than the cost to spam the network, then it will probably continue.

btw there is a way to calculate this value? if this value is know senders can work together to have unprioritized transaction with lower fee than needed and thus making their spam attack cost more

yes you will lose the speed of your transaction, but the attack should stop eventually

[classicsucks]

Accchhh this spamming is getting to be a pain in the buttocks... Next time I will remember to always check https://blockchain.info/charts/mempool-size?timespan=30days before transacting.

A blocksize increase is needed. Fees need to rise a bit before that happens, but I guess the argument between core devs and their detractors will take another 6 months to a year anyway...

[-ck]

why do people think this or anytime mempool grows too big, that there is a spam attack going on!
I mean unless you can see the transaction that are spam you shouldn't just assume that.

in this case, there was an orphaned block (https://blockchain.info/block-height/449695) and then there were less than 10 empty blocks that day which causes lots of accumulated unconfirmed transactions.

The graph of rise in transaction sets at the time did not follow the normal stochastic nature of random transaction events. There was a perfect curve with a rise in the number of transactions starting from 2017-01-24 at 06:00 until it peaked at 17:00. After that there have been random injections into the network to keep the value high. The perfect curve is consistent with a single entity constructing a careful crafted set of injections into the network.

See:
http://statoshi.info/dashboard/db/transactions

Change the graph to see the last seven days and you will see why this is not just some random rise in transactions. There is also absolutely no reason orphans would affect transactions in any way you describe as bitcoinds would simply submit the existing transactions. Relatively empty blocks every so often is a common occurrence due to dodgy pool workarounds (see 10 billion other threads about empty blocks for explanations.)

[Pursuer]

why do people think this or anytime mempool grows too big, that there is a spam attack going on!
I mean unless you can see the transaction that are spam you shouldn't just assume that.

in this case, there was an orphaned block (https://blockchain.info/block-height/449695) and then there were less than 10 empty blocks that day which causes lots of accumulated unconfirmed transactions.

The graph of rise in transaction sets at the time did not follow the normal stochastic nature of random transaction events. There was a perfect curve with a rise in the number of transactions starting from 2017-01-24 at 06:00 until it peaked at 17:00. After that there have been random injections into the network to keep the value high. The perfect curve is consistent with a single entity constructing a careful crafted set of injections into the network.

See:
http://statoshi.info/dashboard/db/transactions

Change the graph to see the last seven days and you will see why this is not just some random rise in transactions. There is also absolutely no reason orphans would affect transactions in any way you describe as bitcoinds would simply submit the existing transactions. Relatively empty blocks every so often is a common occurrence due to dodgy pool workarounds (see 10 billion other threads about empty blocks for explanations.)

thanks for the explanation, I removed my post.
and when I was talking about the orphaned block I was thinking about something else. but looking at it again, specially since both blocks contain the same number of transactions with same size I understand it now

since I did not know about this site I was thinking the green rectangle in the pic below (were blocks are empty) was at the same time of the rise and it does affect but from 3k to 13K.
but it seems like they are not related since it happened with a big difference (right?):

[Searing]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

[Vivace92]

Oops, I just know that there are many confirmation on every transaction. Then what's the advantage lots of confirmation?

[ranochigo]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

Prevent the double spend, reaching your legality because every transaction has got validated by miner. You must read more about that.  

Technically, every transaction is validated by the nodes that relays it. If it doesn't follow the rules they have (eg. spending a spent output), they will not be relayed. Miners are merely "stamping" the transaction into the Blockchain. Before this, they are just in the mempool.

Oops, I just know that there are many confirmation on every transaction. Then what's the advantage lots of confirmation?

Imagine your transaction as sweets, blocks as huge bricks piled ontop of the sweet. The more bricks there are, the harder it is to get the sweet and replacing it. Thus, it makes it harder to double spend.

[vennali]

The no. of unconfirmed transactions are constantly kept over 50000. It was over 70000 yesterday and went below 50000 for about 2-5 mins sometime back but then again pushed over 50000. Is it happening because the spammers are still on it constantly trying to keep the unconfirmed transactions over 50000? or has the spamming been stopped but the no. of transactions have been high now generally and coz of that the unconfirmed transactions are constantly above 50000?

[-ck]

The no. of unconfirmed transactions are constantly kept over 50000. It was over 70000 yesterday and went below 50000 for about 2-5 mins sometime back but then again pushed over 50000. Is it happening because the spammers are still on it constantly trying to keep the unconfirmed transactions over 50000? or has the spamming been stopped but the no. of transactions have been high now generally and coz of that the unconfirmed transactions are constantly above 50000?

It won't stay high; it looks like intermittent injections to keep it high as I said a few posts back.

[1Referee]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

You're a legendary member and don't even bother to check the standard transaction details? Hmm... It has in fact a fee included, namely 0.0001BTC. I have submitted your transaction to the pool ViaBTC in order to speed up the confirmation of your transaction before the transaction drops entirely. It's of course no guarantee that it will get confirmed any time soon due to ViaBTC only having just over 6% of the total network power. ViaBTC is your only chance of getting your transaction confirmed. For everyone else wondering ; https://www.viabtc.com/tools/txaccelerator/

[rexxarofmoknathal]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

You're a legendary member and don't even bother to check the standard transaction details? Hmm... It has in fact a fee included, namely 0.0001BTC. I have submitted your transaction to the pool ViaBTC in order to speed up the confirmation of your transaction before the transaction drops entirely. It's of course no guarantee that it will get confirmed any time soon due to ViaBTC only having just over 6% of the total network power. ViaBTC is your only chance of getting your transaction confirmed. For everyone else wondering ; https://www.viabtc.com/tools/txaccelerator/

Why is that his only chance of the transaction getting confirmed. Doesn't every tx get confirmed eventually?

But I had no idea about that service before, thanks for sharing that 

[vennali]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

You're a legendary member and don't even bother to check the standard transaction details? Hmm... It has in fact a fee included, namely 0.0001BTC. I have submitted your transaction to the pool ViaBTC in order to speed up the confirmation of your transaction before the transaction drops entirely. It's of course no guarantee that it will get confirmed any time soon due to ViaBTC only having just over 6% of the total network power. ViaBTC is your only chance of getting your transaction confirmed. For everyone else wondering ; https://www.viabtc.com/tools/txaccelerator/

Ive tried it and got the message that the request was successful. I'm a little skeptical of it to work but i'm willing to try it as long as it is not harmful. Let's see if my transaction gets confirmed in an hour or so. It it does, I'll edit my post and write about it.

[Searing]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

You're a legendary member and don't even bother to check the standard transaction details? Hmm... It has in fact a fee included, namely 0.0001BTC. I have submitted your transaction to the pool ViaBTC in order to speed up the confirmation of your transaction before the transaction drops entirely. It's of course no guarantee that it will get confirmed any time soon due to ViaBTC only having just over 6% of the total network power. ViaBTC is your only chance of getting your transaction confirmed. For everyone else wondering ; https://www.viabtc.com/tools/txaccelerator/

I stand corrected. I would have been just fine if you would have done the transaction with NO FEE. It is not acceptable that even with NO fee it has taken this long. My view was
more about the process then actually any blame, if you took at as so I apologize.

As to the point I obviously blew..trying to say....wtf is going on where it takes 2 day for ANY transaction to happen. IF according to some this is because of the block size
situation..then something better move or we will see more of this kinda thing.

Also is it really a spam attack or is  it just finally come home to roost?

Again, from my post .it was just weird you can't with a fee or without a fee get a 5 buck transaction thru. I mean hell you certainly can't buy anything on www.newegg.com
in that they have only (or did) a 1 hour turn around time when I did it fall of 2016.

So confused/befuddled and generally concerned ..especially if you guys feel it is somewhat due to the block size debate and the various btc dev groups talking over each other.

anyway pm apology sent. (Crow it tastes like Chicken!)

[talkbitcoin]

Got a bitmixer.io sig campaign payment of 5 bucks or so....(they probably sent it with no fee lol) It has been 2 days unconfirmed...this could be a long wait lol

You're a legendary member and don't even bother to check the standard transaction details? Hmm... It has in fact a fee included, namely 0.0001BTC. I have submitted your transaction to the pool ViaBTC in order to speed up the confirmation of your transaction before the transaction drops entirely. It's of course no guarantee that it will get confirmed any time soon due to ViaBTC only having just over 6% of the total network power. ViaBTC is your only chance of getting your transaction confirmed. For everyone else wondering ; https://www.viabtc.com/tools/txaccelerator/

Ive tried it and got the message that the request was successful. I'm a little skeptical of it to work but i'm willing to try it as long as it is not harmful. Let's see if my transaction gets confirmed in an hour or so. It it does, I'll edit my post and write about it.

:O
how can it be harmful? you are submitting what already exists (your transaction ID) it is not even the hex format it is just the ID (irreversible double sha of hex).
and there is nothing to be skeptical of! viabtc is a mining pool which you can see their hashrate on blockchain.info charts and they are doing this for a limited number of transactions (i think 100 each block) that have a minimum amount of fee but still low amount.

[1Referee]

Why is that his only chance of the transaction getting confirmed. Doesn't every tx get confirmed eventually?

But I had no idea about that service before, thanks for sharing that  

Pools in the early days prioritized transactions in a whole different way, where right now, their only priority is to scoop up as many transaction fees as possible. In this case, the transaction of searing will not get picked up unless other people's transaction fees are declining, where it results that the 0.0001BTC included fee to byte ratio changes from being not interesting to relatively interesting, and thus you have more chances of getting it confirmed. But looking at the mempool, I don't see that happening yet. That's why the transactiona accelerator from ViaBTC comes handy if it really works. And nope, if pools don't pick up your transaction, then after a few days it will vanish, where the coins return back to your wallet.

-snip-

No worries. I totally get your point when it comes to current situation. It's indeed a big shame that it takes so insanely long for certain transactions to get confirmed, while it was praised to be the main purpose of why Bitcoin was created (to easily transact without third party interference). It must be some sort of spam attack considering the massive peak in transactions. It isn't natural growth at all. But these attacks come and go, it will only take some time. Interesting chart; https://blockchain.info/charts/mempool-size?timespan=1year

As we speak, your transaction is confirmed by ViaBTC. It really works.

[wuvdoll]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

Prevent the double spend, reaching your legality because every transaction has got validated by miner. You must read more about that.   

And non technical guys should make sure that they ask the senders to send at least 0.001 fees each transaction and while paying doing the same ourself. Also I am quite worried that the number of unconfirmed transaction are just increasing day by day .. hope gets sorted soon.

[GoodLuck2]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively.  
Bitcoin makes x3 by summer 2017  

Price has gone down $15 in the last 20 minutes, BTC is heading down,
Chinese are selling because the new trading fees on their exchanges mean they won't be able to manipulate the price like when it was zero fees.
Watch the Charts tonight and decide for yourself.  
http://coinmarketcap.com/currencies/bitcoin/#charts
Select 1d so you can see the decline begin.

 

Why it's all about the Chinese? Why they have big amount of money in this business? Why another countries can't be like Chinese so they can make a move for bitcoin too? Why?
So many unconfirmed transactions from Chinese users before the price down is mean they know what will happen next.

almost 50 to 60 persent of user of bitcoins are from china and now china is the biggest user of it so if any currency has so much of user from same country it has a great impact on that currency...., so you cannot underestimate their part......!!!

[countryfree]

It seems to be over, with unconfirmed transactions down to 37,000 but it remains scary. I don't know who made that mess, and I hope someone will be able to identify him, but it's hard not be impressed. I mean the network has been spammed for some 48 hours! BTC has enemies and they aren't a lone, bored teenager. It takes significant means to send so much spam. I hope core developers will find solutions to prevent this in the future.

[Wind_FURY]

I often think that too many confirmation useless, one thing which could make the bitcoin not ideal so that there are opportunities for other coins that can be used to replace the bitcoin.

A idiotic comment from a person who probably does not care about Bitcoin. Most people like you only care about how you will make money out of this new innovative idea. For your information the more confirmations you transactions have the more secure it is in the blockchain. So if you really care about all your inputs, give it at least 3 confirmations before you can really call it yours.

I am worried that if it took 50.000 confirmations then how if 1 million transactions simultaneously? Of course one time transaction could fail.

Consensus takes time. Who says Bitcoin is efficient in that area? You want something fast? Use cash. You get your confirmation as soon as the cash is in your hands.

[Vivace92]

well it turns out there are many confirmation bitcoin transaction, what their impact with up to 50.000 confirmations? I don't know, because when I received the bitcoin then it takes about 1 hour can I use.

[pooya87]

This is one of weakness bitcoin, confirmation very much and varied. I think it should be addressed as will be a waste of resources. What the function of the confirmation very much? I am sure there is no benefits, because if you already send fact can not be canceled.

Prevent the double spend, reaching your legality because every transaction has got validated by miner. You must read more about that.   

And non technical guys should make sure that they ask the senders to send at least 0.001 fees each transaction and while paying doing the same ourself. Also I am quite worried that the number of unconfirmed transaction are just increasing day by day .. hope gets sorted soon.

it does not go up consistently because it is mostly fake and you can not keep the fake spam attack up forever. right now it is about 10K which is 1/5 of when it was started. and it has always been like this, they spam attack the network then the number grows then people panic and start double spending and also paying so much higher fees and it fades away in a couple of days.

[streazight]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

[richardsNY]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

It's just some sort of a spam attack against the network, which isn't anything new since it happens once in a while. And yes, it's just temporary since it would be too costly for the entity behind this attack to continue doing this for weeks in a row. Sad thing is that they don't care about Bitcoin as the only people suffering right now are the users itself, and not the people they really want to target. Good thing is that the mempool seems to be going back to pre spam attack levels.

[Kevin77]

We would all love for the network to process thousands of transactions per second without any trade-offs, but at present, that is not possible. Simply increasing blocksize creates a problem known as "cost externalizing".

Exactly ! I hope though that the miners increase in numbers because that is the only solution I see to these slow confirmations. And I personally start using dogecoins and other alt coins when these sort of things happen in life. And once it solves I can change the alts to btc at minimal fees.

[romanticks]

it's finally back to the ~3k now, it was a difficult time when it reached 70k and I had a transaction stuck for around a day, even though it might get rejected by the node or something like that, went through though..

[-ck]

Exactly ! I hope though that the miners increase in numbers because that is the only solution I see to these slow confirmations.

Again another misunderstanding - the rate of transaction confirmation is the same no matter how many or few miners you have. The rate of block finding, and hence transaction confirmation, is kept constant by the bitcoin network constantly adapting its difficulty to maintain one block every 10 minutes on average.

[eternalgloom]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

It's just some sort of a spam attack against the network, which isn't anything new since it happens once in a while. And yes, it's just temporary since it would be too costly for the entity behind this attack to continue doing this for weeks in a row. Sad thing is that they don't care about Bitcoin as the only people suffering right now are the users itself, and not the people they really want to target. Good thing is that the mempool seems to be going back to pre spam attack levels.

You could argue that by doing a spam attack, they actually do care about Bitcoin, but just want a solution for the congestion.
It's about time too, since Segwit isn't going to be implemented soon with only around 25%.

Why can't they just implement bigger blocks already?

[OROBTC]

...

I did two trx today, with a fee of about BTC0.00045, the trx were small in KBs.

Paying a big fee is worth it for me, as I consider all of my transactions "important", so I pony up.  Recently I had to do a number of very small trx (as described above in this thread as well as in others), so I saw what a problem it was sending out trx with low fees (LONG confirmation times).

That lovely tool that someone here showed us a couple of weeks ago to accelerate trx helps a lot:

https://www.viabtc.com/tools/txaccelerator/

If you send out a small transaction, but include at least BTC0.0001, then that tool will speed things along nicely, and it costs nothing.

[tn211]

It's strange, i use to sent 0.0001 or 0.0002 for every BTC i send. Now blockchain.info tells me to use 0.01 BTC for a 4 BTC transaction. I put 0.001 and the transfer went fine. Can anyone explain why you should so much in fees? 3600 USD with 9 USD on fees is the same as western union.

Wasn't bitcoin supposed to be different?

[RussiaIsBest]

I think that bitcoin fees must be higher for transaction but loower than paypal,payza,western union or other payment service because pupil  which have mining job allso mmust earn something.

[bitkilo]

I think that bitcoin fees must be higher for transaction but loower than paypal,payza,western union or other payment service because pupil  which have mining job allso mmust earn something.

You really think that the current bitcoin transaction fees should be higher or are you just spamming for you sig payments?
In some cases btc transactions fees are now larger than banks and PayPal, the bigger the tx the bigger the fee you must ad.

Most faucets can no longer operate, birds.bitcoin.com that was a popular re tweet payment system can no longer run because these type businesses rely on many small inputs, all theses small inputs add up to massive transactions that can cost an easy $30 usd in fees to send to another wallet or cold storage. Bigger block would be a great start at lowering the fees.

[shinratensei_]

I think that bitcoin fees must be higher for transaction but loower than paypal,payza,western union or other payment service because pupil  which have mining job allso mmust earn something.

Try to read the whole post before trying to commenting about such problem, there is no problem about the bitcoin fees although if the spamming transactions were attacking the bitcoin network and it will deprioritize your transaction. So, you're not read the whole post above you.

[BitcoinHodler]

It's strange, i use to sent 0.0001 or 0.0002 for every BTC i send. Now blockchain.info tells me to use 0.01 BTC for a 4 BTC transaction. I put 0.001 and the transfer went fine. Can anyone explain why you should so much in fees? 3600 USD with 9 USD on fees is the same as western union.

Wasn't bitcoin supposed to be different?

as a Sr. Member with so many posts you should already know that bitcoin fee is based on size in bytes not size in satoshi.
so it doesn't matter if you are sending 3600 USD, 0.36 USD or 3 billion USD if you have 1 input your size in byte will be smaller so you pay smaller fee, and if you have hundreds of small input your size in bytes will be bigger and you will pay higher fee.
if your wallet suggested a 0.01BTC fee for your transaction it means you have a transaction as big as 10,000 bytes or about 10 kilo bytes

[bitkilo]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

It's just some sort of a spam attack against the network, which isn't anything new since it happens once in a while. And yes, it's just temporary since it would be too costly for the entity behind this attack to continue doing this for weeks in a row. Sad thing is that they don't care about Bitcoin as the only people suffering right now are the users itself, and not the people they really want to target. Good thing is that the mempool seems to be going back to pre spam attack levels.

You could argue that by doing a spam attack, they actually do care about Bitcoin, but just want a solution for the congestion.
It's about time too, since Segwit isn't going to be implemented soon with only around 25%.

Why can't they just implement bigger blocks already?

I don't think they have been spam attacks the last few times the network has backed up like this, it's just that we have so many more people involved in bitcoin now the blocksize has not yet grown to accommodate this increase in transactions, I would be amazed if Segwit ever gets implemented.

A spam attack on the network would not be cheap so I could agree that if someone is launching such an attack then it is most likely being perpetrated by some group that does actually care about bitcoin and as you say trying to bring attention to a problem that needs to be addresses asap. 

[Herbert2020]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

It's just some sort of a spam attack against the network, which isn't anything new since it happens once in a while. And yes, it's just temporary since it would be too costly for the entity behind this attack to continue doing this for weeks in a row. Sad thing is that they don't care about Bitcoin as the only people suffering right now are the users itself, and not the people they really want to target. Good thing is that the mempool seems to be going back to pre spam attack levels.

You could argue that by doing a spam attack, they actually do care about Bitcoin, but just want a solution for the congestion.
It's about time too, since Segwit isn't going to be implemented soon with only around 25%.

Why can't they just implement bigger blocks already?

I don't think they have been spam attacks the last few times the network has backed up like this, it's just that we have so many more people involved in bitcoin now the blocksize has not yet grown to accommodate this increase in transactions, I would be amazed if Segwit ever gets implemented.

A spam attack on the network would not be cheap so I could agree that if someone is launching such an attack then it is most likely being perpetrated by some group that does actually care about bitcoin and as you say trying to bring attention to a problem that needs to be addresses asap. 

it has always been both. but mostly spam attacks.

obviously bitcoin has grown bigger in the past few years and now we have much more users sending lots more transaction. but there is no way the number of transactions are 70K as it was in most of the clogs. sometimes the number grows naturally because it is a time people are making more transactions such as when price is going up and down crazily! or when there are a couple of empty blocks but these will never lead to that big number of unconfirmed transactions.

besides blockchain being public, you can always find the spam attacks if you look for them: https://bitcointalk.org/index.php?topic=1764209.0

[PokerFace3]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

This is not good, it frustrates new users getting into BTC, just imagine you are pitched that you will get 10mins confirmation for a service and its end up lasting 24hrs, you are going to be frustrating.  I just hope the block size issue will be resolved soon

Yeah for new people this would be a nightmare because we introduce them bitcoins as instant payment system and then they see their payment being held up for 24 hours and even more. Plus they get worried when we tell them about fees and all and ultimately loosing a bitcoiner

[BTCLovingDude]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

This is not good, it frustrates new users getting into BTC, just imagine you are pitched that you will get 10mins confirmation for a service and its end up lasting 24hrs, you are going to be frustrating.  I just hope the block size issue will be resolved soon

Yeah for new people this would be a nightmare because we introduce them bitcoins as instant payment system and then they see their payment being held up for 24 hours and even more. Plus they get worried when we tell them about fees and all and ultimately loosing a bitcoiner

if we don't lie to them, telling it is free to send bitcoin, and things like that they will never have any problems. and besides new people work with new tools, and all the wallets that i have seen have upgraded their system, suggesting new fees that are more compatible with that time current network state so i seriously doubt that any new members are going to have any problem with their transactions taking up to 24 hours.
it is the old users who change the suggested fee to lower amount instead and end up waiting.

[coinplus]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

But sudden increase in transactions does not indicate that its spreading because if this was due to population growing in btc then the growth would have been constant and slow. But anyways the miners are the happy people now a days I guess

[Carlsen]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved. 

But sudden increase in transactions does not indicate that its spreading because if this was due to population growing in btc then the growth would have been constant and slow. But anyways the miners are the happy people now a days I guess

I must agree to that as well.
A sudden increase of transactions in the extent as we have seen it during the past days indicates something else than a natural growth.
Most likely it was some spam effort, and I can not see much good in that. In fact it was the first time one of my transactions got delayed.
I do not see any good in that.

[richardsNY]

It was 57k unconfirmed transactions about 15 mins back and I thought it was getting better since everyone is posting about it being over 70k. Now, it is going back up. Crossed 60k unconfirmed transactions. Ive been waiting for about 18 hrs for my transaction to get confirmed. Hoping that happens in a couple of hours. It really sucks that it is taking soo long. Hopefully this will pass soon.

Usually if people pay 0.0005 BTC fees then it confirms within the next 3 three blocks, but I wonder that if everyone starts paying 0.0005 then even that would be less and maybe 0.005 would be new standard. Really not sure why this is happening and I hope this is temporary.

It's just some sort of a spam attack against the network, which isn't anything new since it happens once in a while. And yes, it's just temporary since it would be too costly for the entity behind this attack to continue doing this for weeks in a row. Sad thing is that they don't care about Bitcoin as the only people suffering right now are the users itself, and not the people they really want to target. Good thing is that the mempool seems to be going back to pre spam attack levels.

You could argue that by doing a spam attack, they actually do care about Bitcoin, but just want a solution for the congestion.
It's about time too, since Segwit isn't going to be implemented soon with only around 25%.

Why can't they just implement bigger blocks already?

I don't think they have been spam attacks the last few times the network has backed up like this, it's just that we have so many more people involved in bitcoin now the blocksize has not yet grown to accommodate this increase in transactions, I would be amazed if Segwit ever gets implemented.

A spam attack on the network would not be cheap so I could agree that if someone is launching such an attack then it is most likely being perpetrated by some group that does actually care about bitcoin and as you say trying to bring attention to a problem that needs to be addresses asap.  

More people making use of Bitcoin brings in a relative gradual increase in the transaction volumes, but that's not the case here. It was a real spam attack. https://blockchain.info/charts/mempool-size?timespan=1year

If you purely focus on the peaks, then it's quite obvious that it's just an ordinary spam attack. Just have a look at the mempool chart. You'll see where spam attacks are obviously visible in comparison to normal/legit transaction peaks due to high usage. The purpose of such an attack could indeed be to show that we need larger blocks asap, but I personally think it's coming from the fork sides (e.g. XT, Unlimited) to piss off people.

[shinratensei_]

More unconfirmed transactions are good - more transactions = growth. It is growing pains, that is a good thing, not a bad thing.

BTC will be worth a lot more in the future IMHO. The block size issue will be solved.

This is not good, it frustrates new users getting into BTC, just imagine you are pitched that you will get 10mins confirmation for a service and its end up lasting 24hrs, you are going to be frustrating. I just hope the block size issue will be resolved soon

Yeah for new people this would be a nightmare because we introduce them bitcoins as instant payment system and then they see their payment being held up for 24 hours and even more. Plus they get worried when we tell them about fees and all and ultimately loosing a bitcoiner

A word to say, We are seriously need the blocksize increase. Basically, every people want to join with the bitcoin must understand about how the system of bitcoin is work. at least they might have a little knowledge about it.
Because the bitcoin network can't guarantee everybody to get the faster transaction.

[Loganota]

This is a problem that must be quickly solved, the network has been chaos for days. Medium priority transactions take 5-6 hours to confirm. At least it's an easy thing to solve, the tricky thing is getting acceptance for solution. Decentralization is like this. 

[cpfreeplz]

This is a problem that must be quickly solved, the network has been chaos for days. Medium priority transactions take 5-6 hours to confirm. At least it's an easy thing to solve, the tricky thing is getting acceptance for solution. Decentralization is like this. 

Medium priority is really arbitrary. Talk in Satoshis per byte so people know what exactly you're referring to on any given day.

I'm finding that the fees are just where they have been lately so if you cheap out (20 Satoshis/byte) you'll be waiting hours.

[rapta]

Adjust your fees and your transactions will sail through. 

[PovertyByte]

Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?

I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future

[noormcs5]

This is a problem that must be quickly solved, the network has been chaos for days. Medium priority transactions take 5-6 hours to confirm. At least it's an easy thing to solve, the tricky thing is getting acceptance for solution. Decentralization is like this. 

Blockchain cant be decentralized. First of all transaction  Fees should not be altered as medium or low priority can slow down the entire block. A few times high priority transaction takes even 30 mins to confirm. This issue is still unaddressed in bitcoin and need to solve in order to make bitcoins more effective.

[Amph]

Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?

I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future

if you don't pay the correct fee there is nothing can speed up the transaction for you, just take a look at the ongoing unconfirmed transaction, the majority are lower than the average which is 25k satoshi now

people should really take a look at this when they send their coins, https://bitcoinfees.21.co/

[Herbert2020]

Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?

I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future

if you don't pay the correct fee there is nothing can speed up the transaction for you, just take a look at the ongoing unconfirmed transaction, the majority are lower than the average which is 25k satoshi now

people should really take a look at this when they send their coins, https://bitcoinfees.21.co/

paying higher fees is not the solution, it is like an escape temporarily for users to compete with each others and the spam attacks to get a faster confirmation. and things may not be as bad as it seems these days but soon there will come a time that real transactions will be stuck waiting for confirmation no matter how much higher fees they pay because simply there is not enough room in a block to include all of them.

[PovertyByte]

Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?

I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future

if you don't pay the correct fee there is nothing can speed up the transaction for you, just take a look at the ongoing unconfirmed transaction, the majority are lower than the average which is 25k satoshi now

people should really take a look at this when they send their coins, https://bitcoinfees.21.co/

Thing is I don't know anything about paying or not paying the fee. Far as I know I just scan a code and send some BTC and I figure the fee is standardized

[Farma]

Is there any possible way that BTC can achieve the transaction speeds needed to become the primary currency of a major country at least?

I am not an expert at all but from what I am gathering here SegWit is only a temporary solution and more block size expansion would be needed in the future

if you don't pay the correct fee there is nothing can speed up the transaction for you, just take a look at the ongoing unconfirmed transaction, the majority are lower than the average which is 25k satoshi now

people should really take a look at this when they send their coins, https://bitcoinfees.21.co/

paying higher fees is not the solution, it is like an escape temporarily for users to compete with each others and the spam attacks to get a faster confirmation. and things may not be as bad as it seems these days but soon there will come a time that real transactions will be stuck waiting for confirmation no matter how much higher fees they pay because simply there is not enough room in a block to include all of them.

pay a high fee is not a good solution, and it probably will not make people stop to make transactions. Well, maybe it is unconfirmation very much. it may also be caused by deficiencies transaction system performance, which is rather difficult to keep pace with the number of transactions that occur per minute.

[ranochigo]

This is a problem that must be quickly solved, the network has been chaos for days. Medium priority transactions take 5-6 hours to confirm. At least it's an easy thing to solve, the tricky thing is getting acceptance for solution. Decentralization is like this. 

Blockchain cant be decentralized.

Blockchain is decentralised. Theres no central entity controlling it.

First of all transaction  Fees should not be altered as medium or low priority can slow down the entire block. A few times high priority transaction takes even 30 mins to confirm. This issue is still unaddressed in bitcoin and need to solve in order to make bitcoins more effective.

Blocks are never and will never be slowed down because of any transactions. A transaction that pays a high fee/size will have a higher chance of getting included in the next block as compared to another transaction who paid lesser fee/size.

[DooMAD]

paying higher fees is not the solution, it is like an escape temporarily for users to compete with each others and the spam attacks to get a faster confirmation. and things may not be as bad as it seems these days but soon there will come a time that real transactions will be stuck waiting for confirmation no matter how much higher fees they pay because simply there is not enough room in a block to include all of them.

It's a point I've raised many times before, but it seems to fall on deaf ears.  People start talking about how it'll supposedly be better when the microtransactions are gone and it'll be just "legitimate" transactions (as if legitimate is something consensus has arbitrarily defined) remaining.  But it doesn't change the fact that finite space is finite and full means full.  In reality, in this economy, microtransactions should be seen as a "buffer" or "padding", so once they're gone, it means everyone queues when they get caught out by the guess-the-fee lottery.  There's a sweet spot we ideally need to hit, where there aren't too many microtransactions and enough so that larger transactions aren't delayed.  But some just aren't interested because they believe not having a buffer is somehow healthier.  Plus no one really knows how to maintain said sweet spot, since network traffic is almost impossible to predict.  Adaptive blocksizes are problematic to implement and it doesn't feel like progress is being made in that area.

[marcoman22]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Yes, with current block size, only 7 transactions per second can be made.There is a big difference of opinion within the bitcoin community about increasing block size.Its not good for businesses who nhave adapted bitcoin.There are still thousands of dollar investments waiting to be invested in bitcoin related business.So, it has to be solved.

[iram3130]

It is one of the most complicated arguments in the Bitcoin market right now. For the moment there is no long-term solution for this situation. Increasing the transaction fees will just make a short term solution as that will have some negative impact of the market. 

[Clement Kaliyar]

It is one of the most complicated arguments in the Bitcoin market right now. For the moment there is no long-term solution for this situation. Increasing the transaction fees will just make a short term solution as that will have some negative impact of the market.  

The transaction delay we are facing is not a new problem and the issue is looming for some time now and you can add an extra fee to jump up the transaction queue and it will create issues at a later stage without any doubt as the transaction fees keep on increasing with time and is not a good news for normal bitcoin users and the core team has to come up with a solution for this issue.

[bit1]

paying higher fees is not the solution, it is like an escape temporarily for users to compete with each others and the spam attacks to get a faster confirmation. and things may not be as bad as it seems these days but soon there will come a time that real transactions will be stuck waiting for confirmation no matter how much higher fees they pay because simply there is not enough room in a block to include all of them.

It's a point I've raised many times before, but it seems to fall on deaf ears.  People start talking about how it'll supposedly be better when the microtransactions are gone and it'll be just "legitimate" transactions (as if legitimate is something consensus has arbitrarily defined) remaining.  But it doesn't change the fact that finite space is finite and full means full.  In reality, in this economy, microtransactions should be seen as a "buffer" or "padding", so once they're gone, it means everyone queues when they get caught out by the guess-the-fee lottery.  There's a sweet spot we ideally need to hit, where there aren't too many microtransactions and enough so that larger transactions aren't delayed.  But some just aren't interested because they believe not having a buffer is somehow healthier.  Plus no one really knows how to maintain said sweet spot, since network traffic is almost impossible to predict.  Adaptive blocksizes are problematic to implement and it doesn't feel like progress is being made in that area.

OK, I just want to say something about this if you let me, about "legitimate" transactions, in the world in which we move some things are based on precisely the fact that need be defined but not always  from the beginning, there are certain criteria that need to be fulfilled to make use of some thing or service, an example could will be more clear, in most of the countries vehicles are used where the steering wheel goes of the left side taking as reference to the driver and in others the right side, beyond which at some point there was no consensus to make all the steering wheels of the car on the same side, each one chose to make his own method, and that is what is actually being seen, solutions to scalability are already given by those who have focused on carrying them out, everyone can easily realize this, only need to check the number of nodes daily  for a period of time and see which client are running the most of nodes, and the rest will depend on the performance of each network, although it was not related to scalability, ETH did this, if at any point it fails, we must not forget that it was mentioned at the beginning as an experiment.

[uneng]

It is one of the most complicated arguments in the Bitcoin market right now. For the moment there is no long-term solution for this situation. Increasing the transaction fees will just make a short term solution as that will have some negative impact of the market.  

The transaction delay we are facing is not a new problem and the issue is looming for some time now and you can add an extra fee to jump up the transaction queue and it will create issues at a later stage without any doubt as the transaction fees keep on increasing with time and is not a good news for normal bitcoin users and the core team has to come up with a solution for this issue.

If this continue for a long time yet many persons won't want to start using bitcoins. Some good investors can stop using it too because this problem. Consequently bitcoin can lose price, popularity and reach to ostracism as crypto-currency.
An altcoin can come with a better system for this issue with transactions and become the new main crypto currency. Bitcoin needs to solve it fast or it won't be what it's now anymore.

[Velkro]

at least it's an easy thing to solve, the tricky thing is getting acceptance for solution. Decentralization is like this. 

Thats sadly right... i mean, its easy solution but with decentralization and many groups of interest solution could be impossible :/.
I hope there will be solution to this, coz 5 hours confirmation time is joke compared to 10 minutes from satoshi whitepaper.

[Yakamoto]

It is one of the most complicated arguments in the Bitcoin market right now. For the moment there is no long-term solution for this situation. Increasing the transaction fees will just make a short term solution as that will have some negative impact of the market.  

The transaction delay we are facing is not a new problem and the issue is looming for some time now and you can add an extra fee to jump up the transaction queue and it will create issues at a later stage without any doubt as the transaction fees keep on increasing with time and is not a good news for normal bitcoin users and the core team has to come up with a solution for this issue.

It has been suggested to do something about it, like Segwit or Classic (can't remember what classic does), so something like that would aim at fixing these issues.

If I'm correct a lot of the issues we have with fees simply comes down to people constantly sending bigger and bigger fees, if we could get people to stop doing that a lot of our issues would be fixed, minus the quantity of transactions and those issues.

[shinratensei_]

It is one of the most complicated arguments in the Bitcoin market right now. For the moment there is no long-term solution for this situation. Increasing the transaction fees will just make a short term solution as that will have some negative impact of the market.  

The transaction delay we are facing is not a new problem and the issue is looming for some time now and you can add an extra fee to jump up the transaction queue and it will create issues at a later stage without any doubt as the transaction fees keep on increasing with time and is not a good news for normal bitcoin users and the core team has to come up with a solution for this issue.

It has been suggested to do something about it, like Segwit or Classic (can't remember what classic does), so something like that would aim at fixing these issues.

If I'm correct a lot of the issues we have with fees simply comes down to people constantly sending bigger and bigger fees, if we could get people to stop doing that a lot of our issues would be fixed, minus the quantity of transactions and those issues.

Simply answer we are just need the blocksize increase with large scale to processing the transaction it will reduce the spam attack's effect to the bitcoin transaction priority.

But soon we won't use Segwit and BC won't, either

[kiklo]

Unconfirmed Transactions Rising Again

Observe the blockchain  https://blockchain.info/
1 hour 18 minutes since the last block meaning no transactions received even 1 confirmation let along the 3 needed to complete a transfer of BTC.
450661    1 hour 18 minutes    1708    19,052.31 BTC    ViaBTC    742.18


 

[Wind_FURY]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

[RoommateAgreement]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

whenever you are talking about a transaction that wasn't confirmed you should either include the transaction ID or tell us its "fee per byte" for all we know you either sent it with zero fee or a fee that is big but still too small for your byte size.

and Kwukduck is just saying what he says to create panic among newbies and force them to panic sell their coins to him.

[kiklo]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

whenever you are talking about a transaction that wasn't confirmed you should either include the transaction ID or tell us its "fee per byte" for all we know you either sent it with zero fee or a fee that is big but still too small for your byte size.

and Kwukduck is just saying what he says to create panic among newbies and force them to panic sell their coins to him.

Not a fee issue, it is a no block found issue.
The Miners did not find a block for over an 1 hour 18 minutes , and they are still not finding blocks fast enough to catch up with the backlog of unconfirmed transactions.
Now at 16355 Unconfirmed Transactions.
https://blockchain.info/unconfirmed-transactions

450661    1 hour 18 minutes    1708    19,052.31 BTC    ViaBTC    742.18


This is directly related to a FLAW in BTC design, the fact it only does a difficulty adjustment very 2 weeks.
Most Alts switched to a difficulty adjustment after every block to avoid this problem.

 

[-ck]

This is directly related to the FLAW in BTC design, the fact it only does a difficulty adjustment very 2 weeks.
Most Alts switched to a difficulty adjustment after every block to avoid this problem.

Block finding is a stochastic process and sampling based on one block is a lousy way to estimate the current network hashrate. What happens when two blocks are found through pure luck only milliseconds apart? What about when a block is 90 minutes later even when the network hashrate hasn't changed, simply because block finding isn't a deterministic process?

In short, changing diff after each block is a terrible idea.

[kiklo]

This is directly related to the FLAW in BTC design, the fact it only does a difficulty adjustment very 2 weeks.
Most Alts switched to a difficulty adjustment after every block to avoid this problem.

Block finding is a stochastic process and sampling based on one block is a lousy way to estimate the current network hashrate. What happens when two blocks are found through pure luck only milliseconds apart? What about when a block is 90 minutes later even when the network hashrate hasn't changed, simply because block finding isn't a deterministic process?

In short, changing diff after each block is a terrible idea.

And you think waiting hours or days is a Good Idea?

Hundreds of Alts reset the difficulty with every block,
if you just want to admit BTC is Inferior to all of them,
then I will accept that for an answer.  

 

[-ck]

That was not a meaningful argument, lacking any substance in your response to my factually based critique. Time for me to leave this thread since answering nonsense responses is a waste of my time.

[kiklo]

That was not a meaningful argument, lacking any substance in your response to my factually based critique. Time for me to leave this thread since answering nonsense responses is a waste of my time.

In other words , you can't explain why waiting for hours or days to find a block is a good thing?

There is no rational explanation for such a failure. Glad you are smart enough to not try.

 

FYI:  BTC just had two blocks at ~ the same time.  Kind of kills your earlier statement.
450682    19 minutes    161        263.17 BTC      F2Pool    99.75
450681    19 minutes    1957    15,259.99 BTC    BitFury    998.12

[kiklo]

Looks like Antpool has been hiding some ASICS.
Makes you wonder how many ASICS they are hiding?
   
450687      3 minutes          2452      3,872.62341047 BTC      AntPool         998.02
450686      5 minutes           1650     6,021.40 BTC                AntPool         998.07
450685      7 minutes           1905     4,023.19 BTC                AntPool         998.04
450684      10 minutes        1889      11,252.01 BTC               AntPool         998.18



 

[ProfessionalGoogler]

I keep getting transactions taking 2-3 hours now, more and more I noticed these past weeks to the point I was going to post about it but found this thread.

Happens to me like 1/4th of the time and is getting very annoying...

Meanwhile ZEC and ETH can be confirmed so fast -- an example is when using an exchange site like shapeshift.io -- everytime I'm sending ETH or ZEC they confirm it almost as fast as I sent!!


By the time someone looks up from clicking or tapping (or saying?) to send Bitcoin the 1st confirm at minimum should arrive.

Go ahead and exchange ZEC/BTC or ETH/BTC on shapeshift.io -- you'll notice ZEC and ETH are so much faster and YES IT DOES MATTER AND MAKES A HUGE IMPROVEMENT!

[blackstone]

Exactly in every transactions it is taking more and more time .so we need to increase the blocksize, hard fork is not appreciated at all .the price of bitcoins would drop out soon .and there is no increase in price at all .it is stagnant at a place for a very long time .

[Pursuer]

Exactly in every transactions it is taking more and more time .so we need to increase the blocksize, hard fork is not appreciated at all .the price of bitcoins would drop out soon .and there is no increase in price at all .it is stagnant at a place for a very long time .

I hope price drops because I have a buyer ready to buy my house so that I can buy more cheap bitcoin with the fiat that I get from selling my house.
but transactions and mempool being full has no effect on bitcoin price whatsoever. and it never had.

[kiklo]

Exactly in every transactions it is taking more and more time .so we need to increase the blocksize, hard fork is not appreciated at all .the price of bitcoins would drop out soon .and there is no increase in price at all .it is stagnant at a place for a very long time .

I hope price drops because I have a buyer ready to buy my house so that I can buy more cheap bitcoin with the fiat that I get from selling my house.
but transactions and mempool being full has no effect on bitcoin price whatsoever. and it never had.

Which should tell you that if a Product performance does not affect it's price ,
it's price is being seriously manipulated!

No offense , but if you sell your house to buy BTC and the manipulators drop it back down to $250 (which they might) ,
you are going to feel like a homeless dufus.  



 

[1Referee]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

It's funny how people like you keep complaining since the problem is obviously you not having included an appropriate fee according to the situation and byte weight of your transaction. Even with the recent spam attack I never had to wait very long to get my transactions confirmed. In 75% of the cases it got included in the next block, and if that didn't happen, then it got included in the block after that. Just adapt to the situation and don't be stingy when it comes to including proper fees. It will only work against you as it will make you wait and wait.

[mastica]

Looks like Antpool has been hiding some ASICS.
Makes you wonder how many ASICS they are hiding?
   
450687      3 minutes          2452      3,872.62341047 BTC      AntPool         998.02
450686      5 minutes           1650     6,021.40 BTC                AntPool         998.07
450685      7 minutes           1905     4,023.19 BTC                AntPool         998.04
450684      10 minutes        1889      11,252.01 BTC               AntPool         998.18



 

Soo you are saying that the fact the lucky from some pool has something hidding, isnt the first time that antpool strikes blocks fast, anyway sure we will never know the size of antpool, but we have some projection. This transaction delays its looking like a forcing way to make people to raise their fees to get their transactions confirmed, i hope im wrong.

[leopard2]

Blocksize needs to be increased quickly now, if this continues BTC will become a joke and will be superseded.

Time to buy some altcoins...BTC right now is un-useable, or only useable for large transactions like a real estate transaction

I have always advocated to use altcoins for small payments but the trouble is that BTC right now, is not fit for any transaction unless you can wait for days

Just adding more mining fees, is not a solution because everyone will try that and we will end up with fees that are higher than Swift wires or Credit card payments!! 

[BrewMaster]

snip

Soo you are saying that the fact the lucky from some pool has something hidding, isnt the first time that antpool strikes blocks fast, anyway sure we will never know the size of antpool, but we have some projection. This transaction delays its looking like a forcing way to make people to raise their fees to get their transactions confirmed, i hope im wrong.

just ignore whatever he says, i did it long time ago, he is just spreading FUD against bitcoin, and most of his comments have always been attacking bitcoin and i have not yet figured out what he tries to achieve

[kiklo]

snip

Soo you are saying that the fact the lucky from some pool has something hidding, isnt the first time that antpool strikes blocks fast, anyway sure we will never know the size of antpool, but we have some projection. This transaction delays its looking like a forcing way to make people to raise their fees to get their transactions confirmed, i hope im wrong.

just ignore whatever he says, i did it long time ago, he is just spreading FUD against bitcoin, and most of his comments have always been attacking bitcoin and i have not yet figured out what he tries to achieve

Your Father was a Hamster and your Mother smelled of elderberries.  
Just checking if you really have me on ignore.  

BTC has a unconfirmed transaction problem , pointing that out is not fud, it is making sure investors have all of the information before making their decisions.
It is the people like you that want to Hide BTC problems that are the scammers.


 

[shinratensei_]

snip

Soo you are saying that the fact the lucky from some pool has something hidding, isnt the first time that antpool strikes blocks fast, anyway sure we will never know the size of antpool, but we have some projection. This transaction delays its looking like a forcing way to make people to raise their fees to get their transactions confirmed, i hope im wrong.

just ignore whatever he says, i did it long time ago, he is just spreading FUD against bitcoin, and most of his comments have always been attacking bitcoin and i have not yet figured out what he tries to achieve

BTC has a unconfirmed transaction problem , pointing that out is not fud, it is making sure investors have all of the information before making their decisions.
It is the people like you that want to Hide BTC problems that are the scammers.


 

The bitcoin problems had published from a long time ago. The various debate had already done.

Why are we need to hiding it? Honestly just receive a lot of the complaint rather than try to run away from the fact is much better.  Bitcoin needs blocksize increase. 

[jujugoboom]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

You are definitely right, right now there are almost 40k again, bitcoin network needs to implement SegWit asap to save bitcoin, or the network will be very slow.

[Hotel_Prodeo]

I think this is the thing we have to fix, confirmation of the need not to 50.000 times, because of the many confirmations will make and waste time only. Let us think about how to eliminate or reduce the amount of the confirmation.

[ProfessionalGoogler]

2 more again today with 3+ hour waits.

 

[Wind_FURY]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

It's funny how people like you keep complaining since the problem is obviously you not having included an appropriate fee according to the situation and byte weight of your transaction. Even with the recent spam attack I never had to wait very long to get my transactions confirmed. In 75% of the cases it got included in the next block, and if that didn't happen, then it got included in the block after that. Just adapt to the situation and don't be stingy when it comes to including proper fees. It will only work against you as it will make you wait and wait.

People like me? When did you see me "keep complaining" in the forum about unconfirmed transactions? For your information I used my Blockchain wallet which chooses the "appropriate" fee for me. It is common knowledge that blockchain.info tend to set larger fees.

According to kiklio the problem was this, and I quote

Not a fee issue, it is a no block found issue.
The Miners did not find a block for over an 1 hour 18 minutes , and they are still not finding blocks fast enough to catch up with the backlog of unconfirmed transactions.
Now at 16355 Unconfirmed Transactions.
https://blockchain.info/unconfirmed-transactions

[ProfessionalGoogler]

Here we go again. Another transaction that was made over 3 hours ago and still no confirmations made. If this takes days then this is a first for me. I might tell Kwukduck I am sorry and that all hell will break loose in the forum soon.

It's funny how people like you keep complaining since the problem is obviously you not having included an appropriate fee according to the situation and byte weight of your transaction. Even with the recent spam attack I never had to wait very long to get my transactions confirmed. In 75% of the cases it got included in the next block, and if that didn't happen, then it got included in the block after that. Just adapt to the situation and don't be stingy when it comes to including proper fees. It will only work against you as it will make you wait and wait.

People like me? When did you see me "keep complaining" in the forum about unconfirmed transactions? For your information I used my Blockchain wallet which chooses the "appropriate" fee for me. It is common knowledge that blockchain.info tend to set larger fees.

For Bitcoin to grow it must adapt more than the user, otherwise you continue to have dated technology.

If you continue blame the customer/user for complaining you'll fail hard in the long run.

[requester]

Really its a minus point for button when the world is try to get digitized then we should get the platform/ infrastructure to practice digital life. 50000 unconfirmed trantransaction are really night mare for us. And also some user don't provide transaction fees so obviously miner will reject or keep in que. And also the number of miner had reduced after july halving because of almost constant rtae of bitcoin an award had been reduced to half.

[Wind_FURY]

Everything is fine now. Can anyone give a report what really happened? kiklio mentioned that it was not a small fee issue but a miners not finding a block issue. It would be nice if someone who knows the more technical side of Bitcoin to explain what causes a no block found issue and if there is a fix for that.

[kiklo]

Everything is fine now. Can anyone give a report what really happened? kiklio mentioned that it was not a small fee issue but a miners not finding a block issue. It would be nice if someone who knows the more technical side of Bitcoin to explain what causes a no block found issue and if there is a fix for that.

Miners started finding blocks much faster than every 10 minutes, this allowed them to catch up on the number of transactions being processed.

They started adding new blocks ~ 2 or 3 minutes.

Check here to monitor their blockspeed,
https://blockchain.info/

Check here to see the # of unconfirmed transactions. (Less than 10,000 at the moment)
https://blockchain.info/unconfirmed-transactions


 


FYI:  Franky1 explained as such

the rule is not 10 minutes!!!

its a hopeful 2016 blocks in 2 weeks

which could be a few blocks as quick as 2 minutes and a few blocks as slow as over an hour.. its just luck..
as long as it all adds up to an average of 2016 blocks a fortnight.

which then for those who hate maths.. means AVERAGE of MAYBE 10 minutes a block
not hard rule of 10 minutes a block

the hard rule is the 2016 block a fortnight target. the 10 minute thing is just layman unofficial conversation piece

To which I said:

Shows BTC Core is failing at improving Design, and the Chinese Miners are failing at keeping an semi-average block time.

Many Alts switched to a Difficulty readjustment after every Block to Prevent this kind of irregularity in BlockSpeed Timing.

BTC leaves theirs at 2 weeks and it causes these gaping holes in transactions times,
they need to fix this , if they ever want to be taken seriously.


 

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

[pooya87]

Everything is fine now. Can anyone give a report what really happened? kiklio mentioned that it was not a small fee issue but a miners not finding a block issue. It would be nice if someone who knows the more technical side of Bitcoin to explain what causes a no block found issue and if there is a fix for that.

you should read about bitcoin either from a reliable source such as https://en.bitcoin.it/wiki/ or from someone with unbiased comments not who you keep quoting and is a known bias troll when it comes to bitcoin.

the 1 hour time that you see before a block is mined is a normal thing that happens every now and then and because of that number of unconfirmed transactions grow but not from 2000 to 60,000 instead it grows from 2000 to 5000-7000

you can check this next time a 1 hour gap happens.

what caused the 60K unconfirmed transactions was a spam attack and the addresses involved are already found. you can find the topic about it in this board.

[kiklo]

Everything is fine now. Can anyone give a report what really happened? kiklio mentioned that it was not a small fee issue but a miners not finding a block issue. It would be nice if someone who knows the more technical side of Bitcoin to explain what causes a no block found issue and if there is a fix for that.

you should read about bitcoin either from a reliable source such as https://en.bitcoin.it/wiki/ or from someone with unbiased comments not who you keep quoting and is a known bias troll when it comes to bitcoin.

the 1 hour time that you see before a block is mined is a normal thing that happens every now and then and because of that number of unconfirmed transactions grow but not from 2000 to 60,000 instead it grows from 2000 to 5000-7000

you can check this next time a 1 hour gap happens.

what caused the 60K unconfirmed transactions was a spam attack and the addresses involved are already found. you can find the topic about it in this board.

Excuse me, the most accurate description of me was a BTC PermaBear  

@Pooya87 , you're not very good in math are you.

The most recent problem was caused by the backlog from not finding blocks, the one with the spam attacks, had little effect on the people paying the desired fees.
If you had bothered to read Wind_FURY, earlier post, he said it did include higher than the desired fee.

Are you so dim, you can't understand if their are ZERO BLOCKs,  then NO TRANSACTIONS can be INCLUDED,
No Matter how high of a Fee is Paid!

 


FYI:
Fact is BTC is fixed at 2016 blocks every 2 weeks which sorts out to an average blockspeed of 10 minutes,
due to a design failure the difficulty is only calculated every 2 weeks,
if BTC Core Devs got off of their Lazy asses and changed it to calculate difficulty after every block,
then these hour long gaps would not happen.
Design Failure , Fix it or live with it.  Pooya87

FYI2:
Of Course that would be a Hard Fork and all of you BTC zealots are afraid of hard forks.

[dbstmddhks]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

This is going to crazy situation.

It is need to change the blocksize or take segwit.


From wan.

[Wind_FURY]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome ooportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

[jonald_fyookball]

increase the blocksize.  enough of the nonsense.
unless core just wants to piss everyone off
to the point where we are all just running BU, thats fine with me.

[Viscount]

increase the blocksize

umm let me think...

No. You want to increase block size, others want to decrease...
We are gonna leave as it is... and just activate segwit for now.

[jonald_fyookball]

increase the blocksize

umm let me think...

No. You want to increase block size, others want to decrease...
We are gonna leave as it is... and just activate segwit for now.

 run whatever code you want bud

[kiklo]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

   

[kiklo]

BTC transactions are backlogged again.  


67468 Unconfirmed Transactions
https://blockchain.info/unconfirmed-transactions


 


FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

FYI2:
The backlog this time is not being caused by blocks not being found like the last time.
Blocks are being found every few minutes this time, the network just can't keep up with the Transactions Volume. 

[JANGKRIK BOSS]

Really? I just know if confirmation of the bitcoin could reach 50.000. whether it's depending with wallet which is used when a transaction? In fact many secrets yet I understand of bitcoin. And this makes me curious with bitcoin.

[bL4nkcode]

At this time while BTC price increase and reached 1000 again the unconfirmed transactions increase also, it's already 70215 Unconfirmed Transactions, so to those who want to send bitcoins this time much better if you put a .0003 minimum fee in every transaction you made if it's urgent or you want to receive it eventually.

[Gleb Gamow]

At this time while BTC price increase and reached 1000 again the unconfirmed transactions increase also, it's already 70215 Unconfirmed Transactions, so to those who want to send bitcoins this time much better if you put a .0003 minimum fee in every transaction you made if it's urgent or you want to receive it eventually.

Hours ago I conducted three transactions back-to-back-to-back ALL including at least the minimum fee. The first one went through (read: confirmed) virtually instantly, whereas the other two are still pending, all three from the same source to the same location. No rhyme or reason as to why. Now that it's late, I guess I'll have to wait till tomorrow to move in my $4M home, tag my Lamborghini, and get serviced from an Asian hooker.   (or was it three pizza orders  )

[RoommateAgreement]

what the hell is happening again?
the frequency of the 50K+ unconfirmed transactions happening is increasing. before it was once a month or every other month but it seems like we are experiencing it every week.

[Wind_FURY]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

[kiklo]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

LTC may not be , but at least it is working. 

Funny, how you BTC shrills call everything fud, instead of working toward a fix.

Ever think of getting the issue fixed or are you guys incapable of that. 
1 hard fork with a 4 mb blocksize and you would not have to lie and call fud all of the time.

 

[Gleb Gamow]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

[Wind_FURY]

LTC may not be , but at least it is working.  

Funny, how you BTC shrills call everything fud, instead of working toward a fix.

Ever think of getting the issue fixed or are you guys incapable of that.  
1 hard fork with a 4 mb blocksize and you would not have to lie and call fud all of the time.

 

That does not change anything, sorry. Bitcoin is still number 1 and will stay there for a very long time. Talk to me again once Litecoin gets past the ponzi scheme stage and develop its own economy like Bitcoin. If you look at the whole cryptocurrency landscape, right now Monero has a better chance of success than Litecoin.

Welcome in my ignore list.

[kiklo]

LTC may not be , but at least it is working.  

Funny, how you BTC shrills call everything fud, instead of working toward a fix.

Ever think of getting the issue fixed or are you guys incapable of that.  
1 hard fork with a 4 mb blocksize and you would not have to lie and call fud all of the time.

 

That does not change anything, sorry. Bitcoin is still number 1 and will stay there for a very long time. Talk to me again once Litecoin gets past the ponzi scheme stage and develop its own economy like Bitcoin. If you look at the whole cryptocurrency landscape, right now Monero has a better chance of success than Litecoin.

Welcome in my ignore list.

Your Ignore List,
LOL, See Good Things do come to those that Wait.   

Once coinbase gets off their slow ass and makes a easy LTC wallet , your BTC world will wets their pants.

This artificial pump of BTC, gives you confidence, be real funny when those Chinese guys cash out (Won't be too much longer.)   


 

[kiklo]

I don't really know where else to go from that..   1MB will seem like 1KB soon enough.  What do..

 

1 MB was perfectly fine for Bitcoin at the beginning. But like all technology, after some time it becomes obsolete and will require an update.
The problem of bitcoin is not that it cannot be better, is is the community that can't seem to find a way how to achieve that progress, arguing and forcing different scaling solutions.

If that will continue then Bitcoin might be stuck forever with 1MB and it won't be long before users frustrated with the bitcoin network will ditch it in favor of other cryptos.

@ Mr. ignore list
Others see it too. 


 

[marcoman22]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Yes, im also waiting for past 4 hours.I have sent btc from my wallet to localbitcoins to cashout.I need money urgently, but just sitting infront of my laptop to see its confirmation.A critical stage has come to bitcoin community and block size issue has to be solved.

[Gleb Gamow]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

After over eight hours my third transaction just got confirmed but not the second one. Odd!

[johny08]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Spam attack. Its proven.

What we need is a new brain for you. Welcome on my ignorelist.

Segwit is a great tech, because of smart contract abilities.

[President79]

BTC transactions are backlogged again.  


67468 Unconfirmed Transactions
https://blockchain.info/unconfirmed-transactions


 


FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

FYI2:
The backlog this time is not being caused by blocks not being found like the last time.
Blocks are being found every few minutes this time, the network just can't keep up with the Transactions Volume. 

with the number of confirmation of 50.000 are still think bitcoin will replace fiat money or currency futures? I don't like to confirm to the tens of thousands, are not useful and visible only throw the time.

[pooya87]

BTC transactions are backlogged again.   


67468 Unconfirmed Transactions
https://blockchain.info/unconfirmed-transactions


 


FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

FYI2:
The backlog this time is not being caused by blocks not being found like the last time.
Blocks are being found every few minutes this time, the network just can't keep up with the Transactions Volume. 

with the number of confirmation of 50.000 are still think bitcoin will replace fiat money or currency futures? I don't like to confirm to the tens of thousands, are not useful and visible only throw the time.

there is a spam attack going on and the attackers have millions of dollars at their disposal to attack the network only spending a small portion of that amount on fees.

with 10% of that amount you can cripple any bank, fiat system and easily any online payment processor such as PayPal. the difference is that if you get caught you will be prosecuted but with bitcoin it seems like they are getting away with it so far.

[Vlad2Vlad]

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

Haha.  It's true, but I might start throwing apples soon. 

IXcoin is gonna rule the world.  Litecoin is just a copy of Tenebrix and is far from the ideal solution. 
Not to mention iXcoin was launched by the Satoshi Team and was the first Bitcoin clone.  But that's just a bonus. 

[Gleb Gamow]

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

Haha.  It's true, but I might start throwing apples soon. 

IXcoin is gonna rule the world.  Litecoin is just a copy of Tenebrix and is far from the ideal solution. 
Not to mention iXcoin was launched by the Satoshi Team and was the first Bitcoin clone.  But that's just a bonus. 

Dude, are you stalking me? And don't claim that I PM'ed you so that you'll reply, for that dog won't hunt.  <that should be enough winks in alluding to something>

[kiklo]

BTC transactions are backlogged again.   


67468 Unconfirmed Transactions
https://blockchain.info/unconfirmed-transactions


 


FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

FYI2:
The backlog this time is not being caused by blocks not being found like the last time.
Blocks are being found every few minutes this time, the network just can't keep up with the Transactions Volume. 

with the number of confirmation of 50.000 are still think bitcoin will replace fiat money or currency futures? I don't like to confirm to the tens of thousands, are not useful and visible only throw the time.

there is a spam attack going on and the attackers have millions of dollars at their disposal to attack the network only spending a small portion of that amount on fees.

with 10% of that amount you can cripple any bank, fiat system and easily any online payment processor such as PayPal. the difference is that if you get caught you will be prosecuted but with bitcoin it seems like they are getting away with it so far.

LTC fixed the spam issue in 2015.
There is nothing stopping BTC from using the same type of fix.

https://cointelegraph.com/news/litecoin-shows-there-is-a-simple-fix-for-spam-attacks-on-bitcoin

CT: Can you explain why Litecoin is ‘immune’ to the spam attack?

CL: The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates.

 

[paul gatt]

this really is a terrible figure
this too inconvenient, I think it should be addressed immediately
market stalled

[btcdiggingmaster]

this really is a terrible figure
this too inconvenient, I think it should be addressed immediately
market stalled

Now slowly i am getting confirmation from the network don't worry, every body will get their money some times network will be very busy to mature the block. So we have to give it a time this is not first happend, many time happen like this.

[freebutcaged]

I didn't think it would happen to me but it is now. I'm still waiting for 1 confirmation for a very small transaction I made 12 hours ago. Maybe it's time to activate segwit or hard fork to Bitcoin Unlimited. Something. Anything! This cannot happen on a regular basis for a payment platform if it is to move forward.

Do whatever you want, it is what it is. sorry but just use a good fee for miners to have an incentive.
Hard fork in your dreams.

[~Bitcoin~]

this really is a terrible figure
this too inconvenient, I think it should be addressed immediately
market stalled

I have recently sent some bitcoin with around 70 satoshi per byte fee and it get confirmed within next 2 blocks. So whenever there will be attack on bitcoin network or whenever there will be lots of unconfirmed transactions in mempool just include high fee per byte than it will went through smoothly.

[_nur]

2017

bitcoin & bitcoin classic

[BrewMaster]

this really is a terrible figure
this too inconvenient, I think it should be addressed immediately
market stalled

I have recently sent some bitcoin with around 70 satoshi per byte fee and it get confirmed within next 2 blocks. So whenever there will be attack on bitcoin network or whenever there will be lots of unconfirmed transactions in mempool just include high fee per byte than it will went through smoothly.

you got lucky because 70 satoshi per byte was too low today almost half what is supposed to be according to that 21.co fee site. i had a transaction with low fees (about the same 70-80 satoshi per bytes) today at it took me about 5 hours to see a confirmation.

[sportis]

The same story like as was one week ago. Many unconfirmed transactions, many people waiting more than 10 hours when their fees are about 65s/b and they cannot understand the reason. Some people yelling that is only a spam attack, and other quarrel in favor of one or the other solution (blocksize, segwit) without any solution in the end. On the other side people are speaking about mass worldwide adoption or what they will do if the government of 'x' country will ban or regulate bitcoin. At last, the only happy are miners they easily see good profits when fees are high and bitcoin price more than $1000.

[EcoNorm]

that cant suggest somthing good, im a little bit worried

[JuanHungLo]

So I've finally got the in-laws on board with bitcoin.  I've set them up a Coinbase account and given them an Electrum wallet.

To demonstrate how to use the Electrum wallet, I send them a small amount with the default 0.0005btc/btc as the fee from mine.

That was 18 hours ago, and now they think I am an idiot.

This is EPIC FAIL of marketing 101.

Still unconfirmed and I am on the ropes trying to make excuses.

This technology is obviously just not ready for prime time.

[ArticMine]

...


LTC fixed the spam issue in 2015.
There is nothing stopping BTC from using the same type of fix.

https://cointelegraph.com/news/litecoin-shows-there-is-a-simple-fix-for-spam-attacks-on-bitcoin

CT: Can you explain why Litecoin is ‘immune’ to the spam attack?

CL: The fix implemented in Litecoin is just to charge the sender a fee for each tiny output he creates. For example, in this specific attack, the sender is charged one fee for sending to 34 tiny outputs of 0.00001 BTC. With the fix, that fee would be 34 times as much. So it would cost the attacker a lot more to perform the spam attack. The concept is fairly simple: the sender should pay for each tiny output he/she creates.

 

This begs a more fundamental question: What percentage of the spam transactions on the Bitcoin network actually get mined?

[Gleb Gamow]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

After over eight hours my third transaction just got confirmed but not the second one. Odd!

Breaking news: Second transfer still not confirmed. On top of that, the third-party provider no longer has it listed as a pending transaction. Does this mean that some other can now purchase that Lamborghini I had my heart set on?  (latter = humor)

I'm still amazed as to how the lesser of the three transactions went through first (it being the first), when the other two of higher values didn't, all processed on my end prior to the creation of the very next block (at the time) which immediately confirmed the first lesser transaction as soon as that next block was created. To boot, the second highest amount was confirmed ~10 hours later (thought it was only 8+ as penned above), while the highest amount including appropriate fees is still awaiting its first confirmation.

Personally, I'm not too concerned given that the amounts in question weren't that large, but we're talking here thousands of others, some with substantial expenditures, waiting for hours (or over a day now) for confirmations when such shouldn't be the case. I'd say that such could give Bitcoin a bigger black eye than any infamous nefarious act known in this space.

[mastica]

Its becoming a problem atleast for me that i do daily transactions with my bitcoins, with this delay im loosing the window to invest at the altcoin at the right moment, this delay is making me get pissed already, we need a solution for this at once, bitcoin cant keep working this way.

[kiklo]

Its becoming a problem atleast for me that i do daily transactions with my bitcoins, with this delay im loosing the window to invest at the altcoin at the right moment, this delay is making me get pissed already, we need a solution for this at once, bitcoin cant keep working this way.

Until BTC core devs actually fix it ,

Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions

If the number is over 10 thousand then all you can only do is the following:

Pay an insanely high fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)

There are no other options.

 

[LegendaryMiner]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

This is going to crazy situation.

It is need to change the blocksize or take segwit.


From wan.

Unfortunately this depends more on miners than on average users. However I think that, after all, the miners will make a decision, because if this goes on for too long we will see negative results in the price, and the miners themselves would be at a loss.

[sarul]

maybe their worker have an busy time right now..  
bcause of it blockchain.info get too many Unconfirmed Transaction..

[Gleb Gamow]

FYI:
BTC better learn from what happened to ixcoin, when their large PoW miners dropped off it was only finding a block every few days.

You cannot really think that do you? Bitcoin has already reached critical mass where it already has passed the ponzi scheme stage and it is already entering a stage where it is already has a circular economy. If the big miners drop off that will be a welcome opportunity for the other miners waiting in line to make up for the gap. So it is not really comparable with Ixcoin.

It is a security Vulnerability nothing more nothing less,
Since BTC only updates their difficulty every 2 weeks,

Any of these scenarios could activate the issue that could cause blocks to be found intermittently.

1.  Large ASICS manufacturer drives up the Difficulty and then disconnects to cause a crash in BTC price (Shorting the Price of BTC to make money.)
2.  Someone physically damages the internet connection of a few of the largest mining Pools at the same time.
3.  Natural disasters such as tsunami take out a few large mining pools
4.  Hackers or a rogue governments DDOS the largest mining pools for a few days to prevent them from staying in sync with the network

The Solution so this is not an issue, is simple and the majority of alts have already implemented it ,
change the code so the difficulty is recalculated per every block instead of every 2 weeks.
But BTC core devs are too busy trying to get the altcoin know as LN to take over BTC to fix any onchain security threats.

 

  

After this post it is hard for me to take you seriously. You are only trolling and spreading FUD especially with you telling everyone to abandon Bitcoin and hold Litecoin instead in a post right after this. You have exposed your hidden and real motivation for doing so.

FYI:
If you need to transfer fast , either pay an insanely High BTC Fee or just use LTC instead.
LTC is faster & cheaper with none of these headaches.

You are funny. Litecoin will never be as big as Bitcoin. You are getting desperate. 

Wait till Vlad gets here and starts advancing his pet alt. First, let him finish eating his Romanian apple cooped up in some four-star hotel overlooking the protesters outside.

After over eight hours my third transaction just got confirmed but not the second one. Odd!

Breaking news: Second transfer still not confirmed. On top of that, the third-party provider no longer has it listed as a pending transaction. Does this mean that some other can now purchase that Lamborghini I had my heart set on?  (latter = humor)

I'm still amazed as to how the lesser of the three transactions went through first (it being the first), when the other two of higher values didn't, all processed on my end prior to the creation of the very next block (at the time) which immediately confirmed the first lesser transaction as soon as that next block was created. To boot, the second highest amount was confirmed ~10 hours later (thought it was only 8+ as penned above), while the highest amount including appropriate fees is still awaiting its first confirmation.

Personally, I'm not too concerned given that the amounts in question weren't that large, but we're talking here thousands of others, some with substantial expenditures, waiting for hours (or over a day now) for confirmations when such shouldn't be the case. I'd say that such could give Bitcoin a bigger black eye than any infamous nefarious act known in this space.

Breaking news: 27+ hours later the third and highest transaction amount was just confirmed and credited to my account. Pizza time! (or was it a Lamborghini?; forgot which since it's been so long).

[eaLiTy]

Personally, I'm not too concerned given that the amounts in question weren't that large, but we're talking here thousands of others, some with substantial expenditures, waiting for hours (or over a day now) for confirmations when such shouldn't be the case. I'd say that such could give Bitcoin a bigger black eye than any infamous nefarious act known in this space.

With the price of bitcoin increasing and people talking about the fundamentals to bitcoin must understand one thing,there must be a fix for the kind of delays we are encountering at the moment because it will hurt the growth of bitcoin without any doubt ,as i am waiting for my transactions to get atleast one confirmation for the past 40 hours which is really frustrating and i am looking at alternative ways to transfer funds because of that.

[Gleb Gamow]

Why Venezuela's Currency Crisis Is A Case Study For Bitcoin: http://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#3784b0ee3aa1

With the Venezuelan bolivar essentially worthless and supplies rapidly running out, Bitcoin is rising as an answer. According to Bitcoin brokerage Surbitcoin.com, the number of Venezuelan users skyrocketed, from 450 in August 2014 to more than 85,000 in November 2016.

Now: Why Venezuela's Currency Crisis Is A Case Study For Bitcoin Confirmations

Experts say that Venezuelan inflation could go as high as 1,600%, leaving many people without basic necessities.

Pedro, spend some of them bitcoins so that we can immediately get some basic necessities, making sure to include a high enough fee, for we're hungry now. Gracias!

[shinratensei_]

Still unconfirmed and I am on the ropes trying to make excuses.

This technology is obviously just not ready for prime time.

The bitcoin still have a lot of the problem, it is starting from the fixing the malleability and the size of the block. Bitcoin for the international currency, I may think to ready to have called by the others i'm is a liar or what he has called you.

[Gleb Gamow]

Why Venezuela's Currency Crisis Is A Case Study For Bitcoin: http://www.forbes.com/sites/realspin/2017/02/03/why-venezuelas-currency-crisis-is-a-case-study-for-bitcoin/#3784b0ee3aa1

With the Venezuelan bolivar essentially worthless and supplies rapidly running out, Bitcoin is rising as an answer. According to Bitcoin brokerage Surbitcoin.com, the number of Venezuelan users skyrocketed, from 450 in August 2014 to more than 85,000 in November 2016.

Now: Why Venezuela's Currency Crisis Is A Case Study For Bitcoin Confirmations

Experts say that Venezuelan inflation could go as high as 1,600%, leaving many people without basic necessities.

Pedro, spend some of them bitcoins so that we can immediately get some basic necessities, making sure to include a high enough fee, for we're hungry now. Gracias!

http://reason.com/blog/2017/02/03/venezuela-surbitcoin-arrests-mining

The discovery of the massive mining facility in Valencia is causing a backlash that's making it harder for Venezuelans to exchange bitcoins for local currency. SurBitcoin, the country's leading exchange, announced yesterday that its bank account was being revoked and that users should withdraw their money from the service immediately to avoid losing funds.

"Pedro, ¿quieres comprar algunas manzanas lanzando rumano?"

[iCEBREAKER]

So I've finally got the in-laws on board with bitcoin.  I've set them up a Coinbase account and given them an Electrum wallet.

To demonstrate how to use the Electrum wallet, I send them a small amount with the default 0.0005btc/btc as the fee from mine.

That was 18 hours ago, and now they think I am an idiot.

This is EPIC FAIL of marketing 101.

Still unconfirmed and I am on the ropes trying to make excuses.

This technology is obviously just not ready for prime time.

Gee that's funny, somehow other people manage to use Bitcoin all the time, every day, for millions of dollars worth of commerce.

But here you are, extrapolating into some assumption of general failure your singular personal impotency to successfully spam the One True Blockchain with a trivial bit of "demonstration" dust.

You seem to be stuck in 2011, back when Bitcoin was still more of a tech demo and less of a production system.

Please join the rest of the world in 2017 and use an alt chain to demonstrate how blockchain based tx work.  Or use one of the many Bitcoin test nets.

You're not an idiot, but you were acting like one and with your over-entitled foot-stomping poutraged tone are sounding like one.

Pro Tip: Honey Badger does not GAF about your staged attempts at marketing to in-laws.

Learn from Bill Gates, and do a trial run to make sure your demo works BEFORE making a fool of yourself.   

Bill Gates Failure Windows 98 Crashes on Live TV
https://www.youtube.com/watch?v=er8g6D_PqvY

Most importantly, stop blaming Bitcoin for your lack of understanding and technical ability (IE basic Bitcoin competence).

Honey Badger is not obligated to indulge you by doing cheap tricks on command just to make you look cool/smart in front of the in-laws.

Bitcoin is working perfectly.  Your skills are "obviously just not ready for prime time."   

[Gleb Gamow]

So I've finally got the in-laws on board with bitcoin.  I've set them up a Coinbase account and given them an Electrum wallet.

To demonstrate how to use the Electrum wallet, I send them a small amount with the default 0.0005btc/btc as the fee from mine.

That was 18 hours ago, and now they think I am an idiot.

This is EPIC FAIL of marketing 101.

Still unconfirmed and I am on the ropes trying to make excuses.

This technology is obviously just not ready for prime time.

Gee that's funny, somehow other people manage to use Bitcoin all the time, every day, for millions of dollars worth of commerce.

But here you are, extrapolating into some assumption of general failure your singular personal impotency to successfully spam the One True Blockchain with a trivial bit of "demonstration" dust.

You seem to be stuck in 2011, back when Bitcoin was still more of a tech demo and less of a production system.

Please join the rest of the world in 2017 and use an alt chain to demonstrate how blockchain based tx work.  Or use one of the many Bitcoin test nets.

You're not an idiot, but you were acting like one and with your over-entitled foot-stomping poutraged tone are sounding like one.

Pro Tip: Honey Badger does not GAF about your staged attempts at marketing to in-laws.

Learn from Bill Gates, and do a trial run to make sure your demo works BEFORE making a fool of yourself.   

Bill Gates Failure Windows 98 Crashes on Live TV
https://www.youtube.com/watch?v=er8g6D_PqvY

Most importantly, stop blaming Bitcoin for your lack of understanding and technical ability (IE basic Bitcoin competence).

Honey Badger is not obligated to indulge you by doing cheap tricks on command just to make you look cool/smart in front of the in-laws.

Bitcoin is working perfectly.  Your skills are "obviously just not ready for prime time."   

With all due respect, iCEBREAKER, you linked to a wrong YouTube video in advancing your analogy. Allow me to now FTFY: https://www.youtube.com/watch?v=znxQOPFg2mo



Akin to Steve Jobs needing the audience to turn off all their devices because it was bogging down the Wi-Fi signal unabling him to demo the new iPhone designed in operate within a crowded environment, the blockchain, too, needs to stop processing transactions so that transactions could readily be processed.

[Wind_FURY]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Spam attack. Its proven.

What we need is a new brain for you. Welcome on my ignorelist.

Segwit is a great tech, because of smart contract abilities.

"Segwit because of smart contract abilites"? Do I need a new brain too? Because I did not know Segwit also opens the doors for smart contract implentation for Bitcoin. Maybe it is you who needs a new brain for not doing any research.

[kiklo]

https://bitcoinwisdom.com/bitcoin/difficulty

Bitcoin Difficulty:                    392,963,262,344
Estimated Next Difficulty:    427,975,049,679 (+8.91%)
Adjust time:    After 72 Blocks, About 10.8 hours
Hashrate(?):    3,131,242,132 GH/s
Block Generation Time(?):    
1 block: 9.0 minutes
3 blocks: 27.0 minutes
6 blocks: 54.0 minutes

~10.8 hours from now the next difficulty adjustment occurs,
it will be interesting to see, if the Miners can hold a blockspeed close to 10 minutes or if it causes the Unconfirmed Transactions to SkyRocket again back above 50,000
Blockspeed can be monitored here:
https://blockchain.info/


 

FYI:
Blocks are currently being found between 2 & 7 minutes before the difficulty adjustment

[classicsucks]

So I've finally got the in-laws on board with bitcoin.  

That was 18 hours ago, and now they think I am an idiot.

This is EPIC FAIL of marketing 101.

Still unconfirmed and I am on the ropes trying to make excuses.

Gee that's funny, somehow other people manage to use Bitcoin all the time, every day, for millions of dollars worth of commerce.

But here you are, extrapolating into some assumption of general failure your singular personal impotency to successfully spam the One True Blockchain with a trivial bit of "demonstration" dust.

You seem to be stuck in 2011, back when Bitcoin was still more of a tech demo and less of a production system.

Please join the rest of the world in 2017 and use an alt chain to demonstrate how blockchain based tx work.  Or use one of the many Bitcoin test nets.

You're not an idiot, but you were acting like one and with your over-entitled foot-stomping poutraged tone are sounding like one.

Pro Tip: Honey Badger does not GAF about your staged attempts at marketing to in-laws.

Bitcoin is working perfectly.  Your skills are "obviously just not ready for prime time."  

WOW, great job marketing Bitcoin! It's a wonderful "production system" that's "working perfectly"! And I'm so glad you didn't insult him! /s

ignoring you, so don't bother trolling me.

[classicsucks]

This begs a more fundamental question: What percentage of the spam transactions on the Bitcoin network actually get mined?

Which begs the question: "Can miners just not add complicated-ass transactions to blocks"? Who writes filters for the miners?

[hajimasan]

50000 unconfirmed
60000 unconfirmed
and now its about 65000 unconfirmed transactions posted by isntacalm https://bitcointalk.org/index.php?topic=1776868 I am quite tensed with such alarming rate of the unconfirmed transaction but I once paid fewer transaction fees and had to cry because by domain purchase was more incomplete and money was already cut by wallet so now I always pay high transaction fees and me haven't faced unconfirmed transaction after then.

[paul gatt]

someone please let me know
bad things ended or not?
I have a small payment, and it has not been done
That's bad

[BillyBobZorton]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively.  
Bitcoin makes x3 by summer 2017  

Price has gone down $15 in the last 20 minutes, BTC is heading down,
Chinese are selling because the new trading fees on their exchanges mean they won't be able to manipulate the price like when it was zero fees.
Watch the Charts tonight and decide for yourself.  
http://coinmarketcap.com/currencies/bitcoin/#charts
Select 1d so you can see the decline begin.

 

We are back to 1012 USD so where the fuck are you now? Looks like FUDsters fuck up again.

Now, the chinese are treatening with attacking core with state funded money in order to stop bitcoin from growing as usual. This BU coin crap needs to end. Just another gov takeover like XT and bitcoin classhit

[DeathAngel]

Only 15,0xx unconfirmed transactions now, looks like a lot more are getting confirmed & much quicker too.

[iCEBREAKER]

So I've finally got the in-laws on board with bitcoin.  

That was 18 hours ago, and now they think I am an idiot.

This is EPIC FAIL of marketing 101.

Still unconfirmed and I am on the ropes trying to make excuses.

Gee that's funny, somehow other people manage to use Bitcoin all the time, every day, for millions of dollars worth of commerce.

But here you are, extrapolating into some assumption of general failure your singular personal impotency to successfully spam the One True Blockchain with a trivial bit of "demonstration" dust.

You seem to be stuck in 2011, back when Bitcoin was still more of a tech demo and less of a production system.

Please join the rest of the world in 2017 and use an alt chain to demonstrate how blockchain based tx work.  Or use one of the many Bitcoin test nets.

You're not an idiot, but you were acting like one and with your over-entitled foot-stomping poutraged tone are sounding like one.

Pro Tip: Honey Badger does not GAF about your staged attempts at marketing to in-laws.

Bitcoin is working perfectly.  Your skills are "obviously just not ready for prime time."  

   WOW, great job marketing Bitcoin! It's a wonderful "production system" that's "working perfectly"! And I'm so glad you didn't insult him! /s   

   ignoring you, so don't bother trolling me.   

Too late son.  You already done got trolled, big time!   

[BillyBobZorton]

Its becoming a problem atleast for me that i do daily transactions with my bitcoins, with this delay im loosing the window to invest at the altcoin at the right moment, this delay is making me get pissed already, we need a solution for this at once, bitcoin cant keep working this way.

Until BTC core devs actually fix it ,

Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions

If the number is over 10 thousand then all you can only do is the following:

Pay an insanely high fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)

There are no other options.

 

Have you entertained the thought of thinking why LTC or ETH or any other altcoin are faster, and cheaper than BTC?

Have you considered why BTC is more expensive and slower?

Have you realized Paypal and VISA have more transaction capacity than cryptos?

Please think. BTC is the way it is for a reason.

[Variogam]

Now, the chinese are treatening with attacking core with state funded money in order to stop bitcoin from growing as usual.

Funny, because current Bitcoin works fine only when more people dont try to actually use it. If you mean just the price increase, hard to use Bitcoin give the digital gold actually a meaning - decentralized pyramid scheme. Its really interesting how the pattern repeats, increased price = hard to move Bitcoins anymore because so many others trying to do the same - I guess banksters just laughing at current state of Bitcoin.

[Vaccinus]

Now, the chinese are treatening with attacking core with state funded money in order to stop bitcoin from growing as usual.

Funny, because current Bitcoin works fine only when more people dont try to actually use it. If you mean just the price increase, hard to use Bitcoin give the digital gold actually a meaning - decentralized pyramid scheme. Its really interesting how the pattern repeats, increased price = hard to move Bitcoins anymore because so many others trying to do the same - I guess banksters just laughing at current state of Bitcoin.

but it's only due to bitcoin being immature and incomplete, if they can fix the scale issue this problem would be removed, and people right now are not really using bitcoin they are just moving their coin here and there from exchange or to hide their profit

[kiklo]

Its becoming a problem atleast for me that i do daily transactions with my bitcoins, with this delay im loosing the window to invest at the altcoin at the right moment, this delay is making me get pissed already, we need a solution for this at once, bitcoin cant keep working this way.

Until BTC core devs actually fix it ,

Check the # of unconfirmed transactions 1st
https://blockchain.info/unconfirmed-transactions

If the number is over 10 thousand then all you can only do is the following:

Pay an insanely high fee
or
Use an alt like LTC or Eth instead
(Cheaper & Faster)

There are no other options.

 

Have you entertained the thought of thinking why LTC or ETH or any other altcoin are faster, and cheaper than BTC?

Have you considered why BTC is more expensive and slower?

Have you realized Paypal and VISA have more transaction capacity than cryptos?

Please think. BTC is the way it is for a reason.

I am entertaining the idea that you are a Complete JackAss!

BTC is the way it is,
because the Chinese Miners /  Exchanges are manipulating the price and BTC Core is letting the Unconfirmed Transactions Pile up so they can take over with LN.

Sum it up enough for you dummy!

As far as the current BTC price ,
nothing more than a dead cat bounce, with a bunch of manipulation after the Chinese Closed all of their Margin Markets, Dufus.


 

[Blackdeath]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

As bitcoin rise/ dump, transaction increases. Hence, mining would take longer to process your transaction because of number of transaction need to confirmed. Better to wait, it'll be confirmed.

[Wind_FURY]

someone please let me know
bad things ended or not?
I have a small payment, and it has not been done
That's bad

The "bad things" will not end unless Segwit is activated by 95% of the miners. This is what I think could happen. Because of the extreme slowness of the network in getting transactions confirmed many people and businesses will start using and accepting the next best coins. That could either be Monero or a Segwit activated Litecoin. Bitcoin's price will go down very low due to some whales dumping. That will make the miners panic and activate Segwit. Core wins.

[kiklo]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

As bitcoin rise/ dump, transaction increases. Hence, mining would take longer to process your transaction because of number of transaction need to confirmed. Better to wait, it'll be confirmed.

You people need to decide if you are free men or slaves.

If you need a service performed and their are competing coin providers available.

BTC Network saids it will cost more and take longer, and your only recourse is to Wait as long as they say wait.

The Slave meekly saids ok and waits out of fear of upsetting the BTC network.

The Free Man tells the BTC Network  to get your Shit Together if you expect me to continue doing business with you.
And while the BTC network is unable to meets the requirements , that his business requires , he will use another coin that meets those requirements until they do.

So the only real question left is which are you ?

Free Man  or  Slave  ?


 

[Wind_FURY]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

[NattyLiteCoin]

I've been waiting 2.5 hours for four separate transactions. When I had checked it an hour or so ago, it was between 74-76K unconfirmed.  

[Gleb Gamow]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

"Greetings, Mempool Alpha. We are currently blocking all transactions. Tatamis Hookason, out."

[classicsucks]

someone please let me know
bad things ended or not?
I have a small payment, and it has not been done
That's bad

The "bad things" will not end unless Segwit is activated by 95% of the miners. This is what I think could happen. Because of the extreme slowness of the network in getting transactions confirmed many people and businesses will start using and accepting the next best coins. That could either be Monero or a Segwit activated Litecoin. Bitcoin's price will go down very low due to some whales dumping. That will make the miners panic and activate Segwit. Core wins.

The beatings will continue until morale improves

[error08]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

Indeed, we need bigger block size. How desperate to wait just a few/big transaction to be confirmed. Amazingly 59084 unconfirmed transaction, last time I check. I know that blockchain wallet has been in trouble this week which need more than 13 hours to process.
Whatever it is, we need more, blockchain cannot just the way it is now to adjust increasing transaction right now.

[Wind_FURY]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

"Greetings, Mempool Alpha. We are currently blocking all transactions. Tatamis Hookason, out."

lmao! nice.

To my campaign manager please do not pay me for this post. Gleb might get mad at me again, I only want to laugh at his joke.

[pooya87]

I am entertaining the idea that you are a Complete JackAss![/i]

BTC is the way it is,
because the Chinese Miners /  Exchanges are manipulating the price and BTC Core is letting the Unconfirmed Transactions Pile up so they can take over with LN.

Sum it up enough for you dummy!

As far as the current BTC price ,
nothing more than a dead cat bounce, with a bunch of manipulation after the Chinese Closed all of their Margin Markets, Dufus.

so far i thought you were just trolling or were advertising altcoins in general but with the recent price rise to above $1050-$1070 and the fact that you started talking more about price and using terms like "dead cat bounce" i am sure you sold your coins at last dip, possibly at 750-800 thinking bitcoin is dead

[Gleb Gamow]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

"Greetings, Mempool Alpha. We are currently blocking all transactions. Tatamis Hookason, out."

lmao! nice.

To my campaign manager please do not pay me for this post. Gleb might get mad at me again, I only want to laugh at his joke.

Did you decipher Tatamis Hookason? 

[doomistake]

This is the Chinese Cashing Out before the Price Drop.

Longer you wait to do the same , the more capital you will lose.  


 

What makes you think the price will drop? We can see big volumes no small down tick it's an indicator that whales buying furtively. 
Bitcoin makes x3 by summer 2017 

Yeah, who cares about this price drop that you are talking about. It is normal to bitcoin, its price is always fluctuating, but this year, it is different because it just drop on $830 and I think it will be stable on $900-$1000 which is a good news to all of the bitcoin users because they will get a huge profit from it.

And you will not lose any of your capital if you will patiently wait until its price gets high again if it fell on a low price. Patience is a virtue pal, there is no one that would convert his bitcoin into fiat if he knows that the price is too low.

[ReLieD]

As bitcoin is becoming successful day by day ,
The number of people using bitcoin is increasing tremendously
This is leading to the sites having a lot of load.
So many transactions together crash the site.
But I can assure you that all the transactions will once be confirmed.
I use bitcoin on a regular bases.
I just pay more fees for transactions to take place quickly.

[hawkins]

As bitcoin is becoming successful day by day ,
The number of people using bitcoin is increasing tremendously
This is leading to the sites having a lot of load.
So many transactions together crash the site.
But I can assure you that all the transactions will once be confirmed.
I use bitcoin on a regular bases.
I just pay more fees for transactions to take place quickly.

I do not think that paying more than the fee will speed up unconfirmed transactions. may now occur some problems in blockchain thus causing a delay confirmation. Well, it might be a natural thing, because at this time, bitcoin enthusiasts really multiply.

[sportis]

As bitcoin is becoming successful day by day ,
The number of people using bitcoin is increasing tremendously
This is leading to the sites having a lot of load.
So many transactions together crash the site.
But I can assure you that all the transactions will once be confirmed.
I use bitcoin on a regular bases.
I just pay more fees for transactions to take place quickly.

Do you really believe that bitcoin users have tremendously increased last two weeks? And what is the site which will crash? And you assure other users that their transactions will be confirmed? Can you clarify when? After a day, or two because after 72 hours the mempool will drop the unconfirmed transactions. I can't believe that last weeks so many people suddenly they loved bitcoin and as dedicated users they do everyday so many transactions. Obviously is a spam attack again; but I really cannot understand what the attackers believe eventually that they will succeed. 

[requester]

Just few days back it was 3000 nad 4000 and suddenly it rose again to 50000. Who is behind these technology there is some guys who should really take care of the network. With increasing demand of bitcoin is system and infrastructure should be developed otherwise after few years people would have to wait for a month to get confirmation.

[darklus123]

Did the situation cleared/solved? Or did become more worst. Tho i was shcoked because i havent experience any problem that regards to my transaction during that day

[lurker10]

Do you really believe that bitcoin users have tremendously increased last two weeks?

When blocks run at 99% capacity, it only takes a small 2% increase in usage to fill blocks full and create a growing backlog of users queuing up to take this bus that is too small to let them all inside.

[Wind_FURY]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

"Greetings, Mempool Alpha. We are currently blocking all transactions. Tatamis Hookason, out."

lmao! nice.

To my campaign manager please do not pay me for this post. Gleb might get mad at me again, I only want to laugh at his joke.

Did you decipher Tatamis Hookason?  

I am not sure if I got it right. Is he a loner, hates crowds, prefers to be anonymous, a brilliant thinker, maybe likes to code in his free time and he wants to become a Japanese?

[Gleb Gamow]

https://blockchain.info/charts/mempool-count

The network spammers are back. Over 50,000 unconfirmed transactions again. I should have checked the mempool before sending some coins. Does anyone have a clue who or what is happening? Could the spammers be on the side of the big blockers or core? I can see people from both sides arguing that it is caused by one with the opposing group.

"Greetings, Mempool Alpha. We are currently blocking all transactions. Tatamis Hookason, out."

lmao! nice.

To my campaign manager please do not pay me for this post. Gleb might get mad at me again, I only want to laugh at his joke.

Did you decipher Tatamis Hookason?  

I am not sure if I got it right. Is he a loner, hates crowds, prefers to be anonymous, a brilliant thinker, maybe likes to code in his free time and he wants to become a Japanese?

You are so wright!

[sportypants]

Been USING (as in not trading or hoarding) BTC for a few years now, and just had my first 24 hour delay on 2 payments.  So let me get this straight - aside from the instability of the price, the exchange fees /growing transaction costs - I have to deal with the uncertainty of when my payment will arrive? 

 

[Gleb Gamow]

Been USING (as in not trading or hoarding) BTC for a few years now, and just had my first 24 hour delay on 2 payments.  So let me get this straight - aside from the instability of the price, the exchange fees /growing transaction costs - I have to deal with the uncertainty of when my payment will arrive? 

 

For what it's worth, at least the network is being protect by nodes mostly in China, where also the primary exchanges are based manipulating the price.

Some people you just can't make happy. 

[zuyfg888]

Been USING (as in not trading or hoarding) BTC for a few years now, and just had my first 24 hour delay on 2 payments.  So let me get this straight - aside from the instability of the price, the exchange fees /growing transaction costs - I have to deal with the uncertainty of when my payment will arrive? 

 

For what it's worth, at least the network is being protect by nodes mostly in China, where also the primary exchanges are based manipulating the price.

Some people you just can't make happy. 

This must be one of the problem of bitcoin transactions. Loading on block chain would be the first problem for bitcoin users, if they load big money, I think that block chain will be a lot of delay, or transactions would be hard, or there is always a waiting time for us. We should know what is the cause of delaying of unconfirmed transactions would be.

[Gleb Gamow]

Been USING (as in not trading or hoarding) BTC for a few years now, and just had my first 24 hour delay on 2 payments.  So let me get this straight - aside from the instability of the price, the exchange fees /growing transaction costs - I have to deal with the uncertainty of when my payment will arrive? 

 

For what it's worth, at least the network is being protect by nodes mostly in China, where also the primary exchanges are based manipulating the price.

Some people you just can't make happy. 

This must be one of the problem of bitcoin transactions. Loading on block chain would be the first problem for bitcoin users, if they load big money, I think that block chain will be a lot of delay, or transactions would be hard, or there is always a waiting time for us. We should know what is the cause of delaying of unconfirmed transactions would be.

Translated: I'm just penning some word spaghetti so to increase my post count so that I can earn a living wage thanks to the sig campaign that I'm currently participating in. Moving on to another thread. Later.

[JANGKRIK BOSS]

I think this is a strange thing, what's the difference 1 confirmation with tens of thousands of confirmation? I as a user obviously didn't need it because the most important is when the transfer is accepted without too much confirmation.

[MRlong]

yeah me too:(

[bravehearth0319]

Sh*t! It's happening again! We really need to increase that damned block size!

I've been waiting for more than 6 hours for a transaction to be confirmed, and I'm shocked to see there are more than 50,000 in the queue.

https://blockchain.info/unconfirmed-transactions

We need SegWit, or an urgent block size increase. For the sake of BTC, something needs to be done, fast!

If you waited for 6 hours for a to be transaction to be confirmed, in my experienced before I received my bitcoin It's been two days past before the transaction to be confirm into my bitcoin wallet. Though when I check it in my blockchain txid it is unconfirmed.

[Liang_Kubur]

I just know that there are a lot of confirmation on bitcoin transaction. Exactly, this is the thing that makes me curious because one transaction need not require up to 50.000 confirmations, can not imagine if this happened on the majority of users. I'm afraid the bitcoin will be left if it is like this.

[BigBos]

I just know that there are a lot of confirmation on bitcoin transaction. Exactly, this is the thing that makes me curious because one transaction need not require up to 50.000 confirmations, can not imagine if this happened on the majority of users. I'm afraid the bitcoin will be left if it is like this.

Well, you're right. if too many terpending confirmation, the transaction may be very long, and at worst, bitcoin will be left behind. This is also likely to affect the price of bitcoin. but, I think some mistakes have been improved, and a quick start bitcoin transactions. I just hope that there will be many unconfirmed transactions

[-ck]

Will you sigspammers shut the fuck up? You're not saying anything intelligible.

[dearbesz1219]

As bitcoin is becoming successful day by day ,
The number of people using bitcoin is increasing tremendously
This is leading to the sites having a lot of load.
So many transactions together crash the site.
But I can assure you that all the transactions will once be confirmed.
I use bitcoin on a regular bases.
I just pay more fees for transactions to take place quickly.

I do not think that paying more than the fee will speed up unconfirmed transactions. may now occur some problems in blockchain thus causing a delay confirmation. Well, it might be a natural thing, because at this time, bitcoin enthusiasts really multiply.

But the thing is true, if you give more fees or high fess your transactions will take place quickly,in other words, higher fees is there first priority in the blockchain , that why those who transact with low fees, will be located at unconfirmed transactions which will lead them into traffic. but it will confirm only delayed for a couple of days.

[Lauda]

-snip-

Your post is utter rubbish. Surprise surprise, Indonesian shit poster.

But the thing is true, if you give more fees or high fess your transactions will take place quickly,in other words, higher fees is there first priority in the blockchain , that why those who transact with low fees, will be located at unconfirmed transactions which will lead them into traffic. but it will confirm only delayed for a couple of days.

You've just rehashed what was said an absurd amount of times in this and similar threads. Not only that, you're statement is partially wrong. Adding a low fee does not 'land' "you at unconfirmed transactions". ALL transactions, regardless of the included fee, become unconfirmed transactions as soon as they are created and relayed. The fee influences the time-till-inclusion, correct.

Will you sigspammers shut the fuck up? You're not saying anything intelligible.

Don't you just love this forum's policy? Almost all of the posts in this thread are utter shit. I highly doubt that even more than a handful of these idiots understand the basics of Bitcoin.

[Soul Reaper]

Bitcoins have risen form 1BTC = less than 1 $ ( at the start)
And now to almost 1 bitcoin = 1200$ approximately.
Seeing this huge rise in bitcoins worth,
More and more people have been attracted to it,
As a result the number of users using the same thing has increased.
It may result into the transactions occurring a bit slow .
But these transactions still most of the times happen .
They might take upto even 1 day time but they are usually confirmed.
I use bitcoin in various places like steam etc , but it has never happened that the transactions have failed .

[arimamib]

bitcoin now is not like it used to be, first transactions between wallet very quickly just a matter of seconds, but can now be up for hours and even for days. maybe it was all caused by a large current transaction.

[Lauda]

It may result into the transactions occurring a bit slow .
But these transactions still most of the times happen .
-snip-

It doesn't seem that you understand Bitcoin at all.

bitcoin now is not like it used to be, first transactions between wallet very quickly just a matter of seconds, but can now be up for hours and even for days.

Transactions are still near-instant. What you are talking about is confirmations.

maybe it was all caused by a large current transaction.

Stop posting in threads in which you clearly have no relevant knowledge.

[kiklo]

Looks like the Fix is on the way.   

https://news.bitcoin.com/new-unlimited-bitcoin-com-mining-pool-now-open/

Looks like someone is getting ready to help BTC Unlimited kicks Segwit virtual ass
Miners can earn 110% compared to other Mining Pools.

“We are paying more on Pay-Per-Share (PPS) than any other pool,” explains Oldenburg.
 “We pay a 110% block reward, and charge 0% fees for PPS and Pay Per Last N Shares (PPLNS).
Bitcoin.com’s mining pool pays PPS directly instead of giving miners some fees after the blocks are mined.
Our reward scheme is simpler and is guaranteed to make the miner more money regardless of luck.”
A Unique Reward System, and an Aim to End Transaction Congestion

Bitcoin.com’s Mining Pool is also the world’s first large pool fully dedicated to Bitcoin Unlimited.
Oldenburg details the operations are global with servers in the U.S., China, and Europe.
Additionally, Bitcoin.com’s mining pool has fast block transmission times using a global relay network built on Bitcoin Unlimited Xthin and Xpedited blocks.

Today begins the first invite to the general public, offering a mining pool with a significant incentive for miners.
Moreover, Bitcoin.com’s Mining Pool is leading the change for bigger blocks by voting with hashpower to end congestion within the network.
In addition to the pool, Oldenburg reveals that a transaction accelerator platform is also coming in the near future.