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Author Topic: More than 50,000 unconfirmed transactions  (Read 15790 times)
EcoNorm
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February 03, 2017, 04:41:34 PM
 #221

that cant suggest somthing good, im a little bit worried
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JuanHungLo
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February 03, 2017, 05:19:32 PM
 #222

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.

I'm glad I'm not judgmental like all you smug, superficial idiots
ArticMine
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February 03, 2017, 06:28:09 PM
 #223

...


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

Quote
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.


 Cool

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

Concerned that blockchain bloat will lead to centralization? Storing less than 4 GB of data once required the budget of a superpower and a warehouse full of punched cards. https://upload.wikimedia.org/wikipedia/commons/8/87/IBM_card_storage.NARA.jpg https://en.wikipedia.org/wiki/Punched_card
Gleb Gamow
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February 03, 2017, 06:35:05 PM
 #224



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.

 Cool

  

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.  Roll Eyes

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?  Cry (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
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February 03, 2017, 09:06:05 PM
 #225

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.

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kiklo
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February 03, 2017, 09:11:50 PM
 #226

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.

 Cool
LegendaryMiner
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February 03, 2017, 09:17:56 PM
 #227

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
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February 03, 2017, 09:19:13 PM
 #228

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

Gleb Gamow
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February 03, 2017, 09:22:50 PM
 #229



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.

 Cool

  

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.  Roll Eyes

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?  Cry (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
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February 03, 2017, 09:28:30 PM
 #230

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.














 

 

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BitBlender 

 













 















 












 
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Gleb Gamow
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February 03, 2017, 10:00:00 PM
 #231

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

Quote
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

Quote
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_
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February 03, 2017, 10:52:09 PM
 #232


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.

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Gleb Gamow
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February 03, 2017, 11:05:20 PM
 #233

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

Quote
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

Quote
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

Quote
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, żquieres comprar algunas manzanas lanzando rumano?"

iCEBREAKER
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February 03, 2017, 11:59:09 PM
 #234

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.   Cheesy

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."   Wink


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Monero
"The difference between bad and well-developed digital cash will determine
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"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
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Gleb Gamow
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February 04, 2017, 03:22:55 AM
 #235

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.   Cheesy

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."   Wink

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.

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February 04, 2017, 04:47:32 AM
 #236

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.

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kiklo
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February 04, 2017, 10:12:29 AM
 #237

https://bitcoinwisdom.com/bitcoin/difficulty
Quote
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/


 Cool

FYI:
Blocks are currently being found between 2 & 7 minutes before the difficulty adjustment
classicsucks
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February 04, 2017, 10:51:26 AM
 #238

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."   Wink

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
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February 04, 2017, 10:59:56 AM
 #239

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
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February 04, 2017, 01:11:06 PM
 #240

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.


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