More than 50,000 unconfirmed transactions

[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