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Author Topic: Love Fast BTC today!  (Read 5166 times)
1Referee
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February 10, 2017, 02:22:37 PM
 #41

It's funny how some people really think the network has become faster, lol. It's just a larger fee that made sure your transaction confirmed sooner than usually happens - in combination with that not long after you having made that transaction, a block was found where your transaction was included in. Aside from the fees, some times it takes 45 minutes to just get 1 confirmation, and some times you get 3 confirmations within 15 minutes. Nothing new or special.
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February 10, 2017, 02:27:03 PM
 #42

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink
Bitcoin confirmation time is not a tipical random time for it to be confirmed one of the major reason why Bitcoin confirmation time is slow or fast is it because of it's transaction fee ! if you pay higher fee then you're confirmation will be faster when you pay lower miners fee then expect to have a slow transaction confirmation time

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February 10, 2017, 02:38:54 PM
 #43

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink
Bitcoin confirmation time is not a tipical random time for it to be confirmed one of the major reason why Bitcoin confirmation time is slow or fast is it because of it's transaction fee ! if you pay higher fee then you're confirmation will be faster when you pay lower miners fee then expect to have a slow transaction confirmation time

Not only the transaction fees is the reason for delay in confirmation but even heavy transaction are also the reason of delay in confirmation, and this happens when their is any big movement in the bitcoin or other altcoins.
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February 10, 2017, 03:11:15 PM
 #44

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink
Bitcoin confirmation time is not a tipical random time for it to be confirmed one of the major reason why Bitcoin confirmation time is slow or fast is it because of it's transaction fee ! if you pay higher fee then you're confirmation will be faster when you pay lower miners fee then expect to have a slow transaction confirmation time

Not only the transaction fees is the reason for delay in confirmation but even heavy transaction are also the reason of delay in confirmation, and this happens when their is any big movement in the bitcoin or other altcoins.
I agree with you their is also other reasons aside from transaction fee that it takes too long before it gets confirmed but most of the time especially me When I pay higher fee , higher than the minimum allotted fee Confirmation can be confirmed easily even it has heavy transaction
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February 10, 2017, 03:13:44 PM
 #45

all transactions can be fast, if you add enough fee and transfer enough funds, and have enough luck(sometimes blocks may take longer than 10min to be solved)

even during spam attacks you can have fast confirmed transactions

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February 10, 2017, 03:48:20 PM
 #46

all transactions can be fast, if you add enough fee and transfer enough funds, and have enough luck(sometimes blocks may take longer than 10min to be solved)

even during spam attacks you can have fast confirmed transactions
I agree with you. It's all about fees and maybe luck as you said. Transactions can be fast confirmed if you put enough fees. Today my transaction confirmed in less than 1 hour and this is really good because some days before, transactions stay more than 5 hours to be confirmed.

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February 10, 2017, 04:06:35 PM
 #47

Its good to have back the time we were loosing waiting the transactions to get confirmed, but once again this happen already 2-3 times already without any solution, besides force us to raise our fees to make our transaction go further and fast as possible.
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February 10, 2017, 04:13:43 PM
 #48

Realized it doesn't matter of the amount of the entire transaction fee set with the amount sent but the amount that is associated to the block size.

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February 10, 2017, 04:26:16 PM
 #49

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink

It depends actually. Like for example, if you will send your bitcoin via blockchain to another blockchain bitcoin wallet, then it would be faster compare if you are going to send bitcoin via blockchain to another bitcoin wallet address like in bitcoin address in C-CEX.COM, because it will take 20-30 minutes depends again on the transactions that are being process in the blockchain.
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February 10, 2017, 04:45:21 PM
 #50

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink

I want to know how much fee did you pay to get this fast confirmation because if he paid a really high fee then this means nothing. Otherwise, this is good news. We are back at normal then.

Realized it doesn't matter of the amount of the entire transaction fee set with the amount sent but the amount that is associated to the block size.

Yeah, it always has been like that. It does not matter if it is 10BTC or 100 bits, if it has more ins and outs, it will be larger and need higher transaction fees.
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February 10, 2017, 05:02:59 PM
 #51

Updates might have taken place. Lot of users have experienced a very fast transaction and confirmation compared to the recent days with the same transaction fee. Recent days its been discussed as a big issue which slow down the functioning of the bitcoin network.

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February 11, 2017, 05:10:04 AM
 #52

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink

That is what happen if you are going to pay the fees on right amount or if not you did paid it on higher amount.

Because those transactions that are experiencing delay and long confirmation to their transactions aren't paying fees so they are experiencing delay.

Yes, Paying fees nearly solved the problem for now but we do need a technology like segwit to be added to Blockchain. That will be a permanent solution which has more advantages too.

Well a lot of debates are happening with SegWit and I thought that will be used and implemented last year but it seems not.

So as of now, we don't have choice but let's just adjust the fees for the miners so that they can confirm our transactions immediately.

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February 11, 2017, 05:19:45 AM
 #53

Updates might have taken place. Lot of users have experienced a very fast transaction and confirmation compared to the recent days with the same transaction fee. Recent days its been discussed as a big issue which slow down the functioning of the bitcoin network.
Might be because we are really seeing big diff from previous delays, now we are enjoying the fast deal when we are sending btc to a certain
wallets and its giving great impact to our transaction service hope it will stay like this from now on. lets enjoy and take advantage.

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February 11, 2017, 06:41:33 AM
 #54

now BTC again fast like before..few minutes and confirmed 100%! not like few days ago i need 12h+ Wink

It depends actually. Like for example, if you will send your bitcoin via blockchain to another blockchain bitcoin wallet, then it would be faster compare if you are going to send bitcoin via blockchain to another bitcoin wallet address like in bitcoin address in C-CEX.COM, because it will take 20-30 minutes depends again on the transactions that are being process in the blockchain.

You have a good point in there. There are cases like that that if for example you send bitcoin from blockchain.info wallets to another wallet within the site itself, the bitcoin that has been sent will just appear automatically in your balance. But if you try to send bitcoins from this site to another site like coins.ph it will take an hour or more before the actual balance will be confirmed and be credited to your balance. But of course the only thing we could do today is to use one site or to increase the miners fee to make the transaction confirmation much faster.
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February 11, 2017, 06:48:38 AM
 #55

Well, after some unpleasant incident, eventually bitcoin back into the transaction quickly, and the price is now starting to rise again. Well, I guess when the bitcoin transaction back at speed, people glance at bitcoin as a tool for good deals on the internet, and as users of bitcoin, I feel comfortable with the current situation.
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February 11, 2017, 06:54:18 AM
 #56

Just so you know guys there is service called transaction accelerator. You can find it here: https://www.viabtc.com/tools/txaccelerator/

If your transaction is stuck unconfirmed all you need to do is copy transaction id and there is high chance your tx will be pushed through.

The only requirement is that it needs to be transaction where you included 0.0001BTC/KB fee already. Transactions with no fee included are not eligible for this.

it based on the same thing about fee priority, you actually will not pay less, it just prioritize the first 100 one so the one among those 100 who pay more will get is TX confirmed quickly before the other

but does it work at least?
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February 11, 2017, 07:05:29 AM
 #57

Maybe you paid the right price for the transaction to be done faster or you didn't have a choice. Try to make it lower and you will feel the slowness of sending it again. There is no proof yet that the transactions are getting faster but I do hope it will also. It gets frustating sometimes even with slow amounts.

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February 11, 2017, 07:12:40 AM
 #58

Just so you know guys there is service called transaction accelerator. You can find it here: https://www.viabtc.com/tools/txaccelerator/

If your transaction is stuck unconfirmed all you need to do is copy transaction id and there is high chance your tx will be pushed through.

The only requirement is that it needs to be transaction where you included 0.0001BTC/KB fee already. Transactions with no fee included are not eligible for this.

it based on the same thing about fee priority, you actually will not pay less, it just prioritize the first 100 one so the one among those 100 who pay more will get is TX confirmed quickly before the other

but does it work at least?

the first time I used it was when nobody really knew about the service and it was still new. I was waiting to receive a payment and I used viabtc acceleration thing and it worked well enough for me.
I used it a couple more times but each time the transaction was mined by someone else before viabtc can find a block! but it is a good service to know about in case you were stock receiving a transaction with lower fees and there were no other way for you to change that since you are not the one sending the transaction.

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February 11, 2017, 07:16:27 AM
 #59

Maybe you paid the right price for the transaction to be done faster or you didn't have a choice. Try to make it lower and you will feel the slowness of sending it again. There is no proof yet that the transactions are getting faster but I do hope it will also. It gets frustating sometimes even with slow amounts.
Beyond the right fee (as we still need 40k satoshi as low priority fee still 2 days back we needed 100k), the unconfirmed total transactions got reduced from mammoth 60k transactions to under 10k as of now.

When low number of bitcoins remain unconfirmed, the reasonable right  (low priority) fee included transactions will get fast confirmations and it is happening right now.
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February 11, 2017, 07:21:40 AM
 #60

Ya I agree with op this is happening suddenly. Last few days the transactions were going so slow and suddenly they are now speeding it up. Last night I received a good amount of btc at quick speed. Looks like good days for btc now just the price also shoots up it will be more merrier for us. But is my logic right that higher the price slower the transaction and lower the price higher the transaction. Or it has been nothing to do with price cause even after paying the fees people were not able to get quick transactions so ain't it linked to price then?
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