LFC_Bitcoin
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February 06, 2017, 05:56:18 PM |
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It's their standard fee amount, happened to me a few weeks ago. I had to wait about 6 hours for 1 confirmation when sending 1.5 bitcoin from blockchain.info to a paper wallet. You must use a higher fee than the set fee blockchain.info use.
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pedrog
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February 06, 2017, 06:12:26 PM |
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People should refrain from using bitcoin if they want smooth transactions, there's no particular wallet that will speed up your transaction confirmation, the only thing that can help you is beating everyone else in the fee game.
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DeathAngel
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February 06, 2017, 06:15:55 PM |
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You shouldn't be using bc.i regardless unless it's for small amounts of money. It's jist a matter of time until they scam or get hacked imo. Any online wallet is a danger.
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AcoinL.L.C
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February 06, 2017, 07:41:34 PM |
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Guys, dogedigital is not saying that Blockchain as an entity is the issue. The issue is that Blockchain's default fee (which is what almost ever user uses, very few set custom fees) is far to low for fast confirmations. A lot of gamblers wrongfully then complain to the casino (as Ryan mentioned), when the issue is that they did not pay high enough miner fees.
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dustboy
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February 06, 2017, 09:00:59 PM |
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You shouldn't be using bc.i regardless unless it's for small amounts of money. It's jist a matter of time until they scam or get hacked imo. Any online wallet is a danger.
I'm not a regular blockchain user but I have no ideas why bc will turn to a scam as they are gaining nice profit everyday. This discussion is focusing on fee which make the transaction takes too long time to get confirmed. As I experienced using blockchain to send some transactions, I need to make a custom higher fee to get faster confirmation but if I follow the recommended fee then I need wait longer time. I think their recommended/default fee is under the standard fees.
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bamboylee
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February 06, 2017, 09:05:42 PM |
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You shouldn't be using bc.i regardless unless it's for small amounts of money. It's jist a matter of time until they scam or get hacked imo. Any online wallet is a danger.
I'm not a regular blockchain user but I have no ideas why bc will turn to a scam as they are gaining nice profit everyday. This discussion is focusing on fee which make the transaction takes too long time to get confirmed. As I experienced using blockchain to send some transactions, I need to make a custom higher fee to get faster confirmation but if I follow the recommended fee then I need wait longer time. I think their recommended/default fee is under the standard fees. Their standard fee gets me confirmed within 20 minutes before. There are just too many unconfirmed transactions lately that we need higher fees to get it confirmed faster. Made that mistake last week when I transferred bitcoin from blockchain.info to another wallet. I used the standard fee and I waited for more than half a day.
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virtualkeybuyer
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February 06, 2017, 09:24:24 PM |
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I don't understand how this has anything to do with Blockchain.info ? I mean Its the miners who are responsible for confirming the transaction based on the fees you use , If you don't pay enough your transaction will clearly not get confirmed regardless of the wallet used and In addiction that , the website where you deposit can't know from where the funds are coming since the addresses are unique.
They don't give enough of a fee most of the time. But I have noticed that they often choose a higher fees for the transaction no matter the transaction is higher or longer the fees is a good with faster speed. I often deposit to some sites from blockchain and I do not face any issue in paying from blockchain.info but I often feel it as a faster deposit than from other web wallet. The transaction often occur within less than a minute. I mean the first confirmation which occur in less than a minute for me.
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adaseb
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February 07, 2017, 09:58:40 AM |
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I don't think its a Blockchain.info issue. I remember in the past, they used a very small miner fee for all withdraws. I think it was 10000 Sats or so, and then people started complaining so they raised the default fee to match the industry average to get it approved within 1 hour or so. And there is also the option of manually modding your miner fee if you think its not large enough.
I think they get their API data from bitcoinfees by 21 which is pretty accurate in determining which fees confirms the fastest.
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MinerHQ
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February 07, 2017, 10:52:51 AM |
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You shouldn't be using bc.i regardless unless it's for small amounts of money. It's jist a matter of time until they scam or get hacked imo. Any online wallet is a danger.
I'm not a regular blockchain user but I have no ideas why bc will turn to a scam as they are gaining nice profit everyday. This discussion is focusing on fee which make the transaction takes too long time to get confirmed. As I experienced using blockchain to send some transactions, I need to make a custom higher fee to get faster confirmation but if I follow the recommended fee then I need wait longer time. I think their recommended/default fee is under the standard fees. Their standard fee gets me confirmed within 20 minutes before. There are just too many unconfirmed transactions lately that we need higher fees to get it confirmed faster. Made that mistake last week when I transferred bitcoin from blockchain.info to another wallet. I used the standard fee and I waited for more than half a day. Since more and more people are using bitcoins and confirmation becoming slower. It is always good to pay a slightly extra fee to get confirm faster instead of waiting for days. I usually pay around 50K to 60K Santoshi for my transaction and get approved much faster.
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veleten
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February 07, 2017, 10:01:35 PM |
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I think it is not blockchain.info's fault ,they have all the tools needed for you to adjust the fees according to the situation blockchain is in they have dynamic fees and you can always click detailed info and choose the fee yourself the problem is that they are one of the most popular online wallets out there and I don't want to generalise,but it seems that the users with core or standalone desktop,mobile/hardware wallets are more experienced in terms of mempools,fees and bitcoin in general so there are less chances of them to send a 1.2 kb tx with 20.000 satoshi fee and then whine half a day to support because they have been waiting for too long
the number of support tickets some of the owners have regarding .info wallet is in direct ratio with the popularity of the wallet I bet that at least 50% of online gamblers are using it to satisfy their day to day gambling needs
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ccc222
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February 07, 2017, 11:00:33 PM |
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Im assuming OP meant the blockchain wallet. I use both blockchain and bitcoin core wallet and it seems the only thing that makes any difference on confirmation speed is the transaction fee. Usually 100k fee will do it for me (within 10 minutes for confirmation most of the time) but 50k for when im low on bitcoin (20 min to hour average).
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klf
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February 08, 2017, 03:55:48 AM |
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Im assuming OP meant the blockchain wallet. I use both blockchain and bitcoin core wallet and it seems the only thing that makes any difference on confirmation speed is the transaction fee. Usually 100k fee will do it for me (within 10 minutes for confirmation most of the time) but 50k for when im low on bitcoin (20 min to hour average).
50k should be a reasonable fee to pay for the each transaction. I do pay around same range but if my amount is more than 0.5BTC than I will increase more towards 100k. But most of my small transactions I usually use my XAPO account and until now there was no fees and used to get confirmations quite fast.
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Kakmakr
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February 08, 2017, 09:32:51 AM |
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Im assuming OP meant the blockchain wallet. I use both blockchain and bitcoin core wallet and it seems the only thing that makes any difference on confirmation speed is the transaction fee. Usually 100k fee will do it for me (within 10 minutes for confirmation most of the time) but 50k for when im low on bitcoin (20 min to hour average).
Nope some people use online wallets at a site called Blockchain.info and they are struggling with confirmations. I have also picked up, that Blockchain.info is also slow to update what happens on the Blockchain. If I use blockexplorer.com it shows a up to date situation, but Blockchain.info shows old information. You should just use https://bitcoinfees.21.co to calculate the fees for you.
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February 08, 2017, 11:25:48 AM |
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Laterally for some reason there have been transaction with HUGE miners fees in them. I think there was a block which had a 3-4 BTC miner fee alone. Basically 3-4X as large as usually and it messed up fees for many.
One guy sent $100 with his Trezor and ended up being charged $10 in fees alone for a 1 output 2 input transaction of 200-300 bytes at most.
Hence you should manually set your fees from now on using Bitcoinfees.21.co, go there and see what the fastest and cheapest is. Which is currently 140 sat/byte, and just make it 50% larger and it should confirm with the next block. Don't let it automatically select for you, or you will get charged $10 per transaction.
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mOgliE
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February 08, 2017, 12:08:02 PM |
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Laterally for some reason there have been transaction with HUGE miners fees in them. I think there was a block which had a 3-4 BTC miner fee alone. Basically 3-4X as large as usually and it messed up fees for many.
One guy sent $100 with his Trezor and ended up being charged $10 in fees alone for a 1 output 2 input transaction of 200-300 bytes at most.
Hence you should manually set your fees from now on using Bitcoinfees.21.co, go there and see what the fastest and cheapest is. Which is currently 140 sat/byte, and just make it 50% larger and it should confirm with the next block. Don't let it automatically select for you, or you will get charged $10 per transaction.
Agreed. Automated fees aren't bad in themselves. Sure they work,but they're only for noobs. Anyone with a bit of experience of cryptocurrencies knows that btc is good for its flexibility! You want fast transactions? You pay high to be able to get in the next block. You have time? Then you put the bare minimum. Putting automated fees is just taking a useless risk out of... Pure lazyness.
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piloder
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February 08, 2017, 04:17:53 PM |
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One guy sent $100 with his Trezor and ended up being charged $10 in fees alone for a 1 output 2 input transaction of 200-300 bytes at most.
Hence you should manually set your fees from now on using Bitcoinfees.21.co, go there and see what the fastest and cheapest is. Which is currently 140 sat/byte, and just make it 50% larger and it should confirm with the next block. Don't let it automatically select for you, or you will get charged $10 per transaction.
I don't have idea about trezor but blockchain.info provide feasibility to choose fee and they also estimate time to wait for given fee. This will only turn out to be exact when there is not much congestion on bitcoin network but if mempool is full better to just slightly increase recommended fee by them for confirmation within 1 block. I am doing this from starting and even right now mempool is almost full but got my transaction confirmed within next block using around 150 satoshi/byte fee. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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February 08, 2017, 04:48:39 PM |
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If a player really wants to get his deposit fast into his account to any casino site, the best way is to use higher fees, looking at the huge number of unconfirmed transactions in blockchain now, I would recommend to use the minimum amount miner fees of 0.0002 BTC to send your bitcoins out of your wallet. Any amount lower than 0.0002 BTC miners fee at current state, I suppose it would be a super long wait for the player to get 1 confirmation from the blockchain ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
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target
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February 08, 2017, 05:51:45 PM |
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If a player really wants to get his deposit fast into his account to any casino site, the best way is to use higher fees, looking at the huge number of unconfirmed transactions in blockchain now, I would recommend to use the minimum amount miner fees of 0.0002 BTC to send your bitcoins out of your wallet. Any amount lower than 0.0002 BTC miners fee at current state, I suppose it would be a super long wait for the player to get 1 confirmation from the blockchain ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Yes. 0.0002 is the very minimum for the miners fee. I experience the long wait since last year which is why I didn't use it after it. Electrum asks 0.0005. Miners pick these transactions to have better profit of course. What I like about blockchain.info however is that they adjust the fee on thier own so there would be nothing left on our wallet which is pretty neat unlike using the hard drive wallets that until now two of the wallets I've had still has extra 0.000004 btc left on it. I still didn't uninstall these wallets because I still want to use them later even when it will take days to sync them again.
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February 08, 2017, 05:55:45 PM |
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Damn it's sad but true. So which coin is the best alt? Ethereum is fast right?
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