More than 50,000 unconfirmed transactions

[-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.

[1713473772]

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[1713473772]

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[1713473772]

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[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.