Egad. 81,000 + Transactions Unconfirmed. Again. Ugh!

[jonald_fyookball]

You guys act like it would be hard , all that has to happen is the Miners sponsor a Dev Team not affiliated with Blockchain's Sponsored BTC Core Dev team.
The New Dev team writes a quick 2mb blocksize update, the miners update , and then their is time for discussions on future updates, when BTC unconfirmed transactions are not taking 3 days to complete.

Old Saying , when the Mule is stuck in a Ditch on Sunday , you don't wait til Monday to get him out.
BTC Core Asshats are doing nothing but waiting!

 

it almost happened once.  many big pools and companies signed a joint statement supporting 8mb blocks but ultimately
backed off and erred on the side of caution. 

If things continue in the manner they are now, it likely won't be long before it happens again and we have a much needed fork.

[GreenBits]

This is precisely why bitcoin isn't ready for the mainstream. Until we can get past the foolish politics of the blocksize debate, we can't scale. There is something to be said about regulation, however you may feel about it If some extraordinary economical event should occur, such as a serious Asian capital flight (in progress), or events similar to the Greek capital exit that occurred during their default, we simply won't be prepared. This issue has grown quite long in the tooth, and at some point we should maybe look at simply getting a new governance board.

Thus has to be fixed, despite if the solution is a consensus. Compare this to the debt ceiling stall/debate that occurred recently in the States. Inaction will simply lead to increased harm.

And although I think a fork is a method of last resort, maybe it's something we need to be considering. Will we allow the world to burn because of ideological differences?

[rizzlarolla]

it almost happened once.  many big pools and companies signed a joint statement supporting 8mb blocks but ultimately
backed off and erred on the side of caution. 

If things continue in the manner they are now, it likely won't be long before it happens again and we have a much needed fork.

When the mempool gets stuck at a hundred or two thousand, and fees rocket into Dollars, we will all see the stupidity of this Core plan.
A fork will come suddenly, imo.

Everybody knows that there are absolutely no obstacles to raising block size indefinitely right? I mean, Ver and three trolls have said that so it must be true.

You are promoting a classic 'false dilemma' fallacy, implying that the only alternative to keeping the blocksize constant is to 'raise it indefinitely'.
No..how about we just go to 2mb so people's transactions can get through?  Instead of having 40k unconfirmed transactions.

Boom and there it is!

Well put.

[Dudeperfect]

At this moment there are 39,500+ unconfirmed transactions and that is not so cool picture to show off as a bitcoin user. We really need a strong increase in the bandwidth or it will be really difficult to regain the trust and the user base if we lose it. Everyone is asking for fast confirmation with low fees so that should be the top priority imo.

[piramida]

I really don't know what is going on but very long waiting time for BTC transactions confirmation really creating serious problems.
I remember that just a few months ago all my transaction was confirmed in a few hours.
Recently, I usually have to wait for more than 24 hours.
Bitcoin is still the most popular crypto currency but if we can't solve problem with unconfirmed transactions, I'm sure that more people will give up from bitcoin and choose other crypto currency.

All transactions are confirmed in a matter of minutes. You should really use a modern wallet, not the one which sends txs with 0 fee.

But you are surely free to choose  other crypto currency, best of luck Take the other trolls with you who want to send three cents on-chain for free on your way out, please.

[rizzlarolla]

I really don't know what is going on but very long waiting time for BTC transactions confirmation really creating serious problems.
I remember that just a few months ago all my transaction was confirmed in a few hours.
Recently, I usually have to wait for more than 24 hours.
Bitcoin is still the most popular crypto currency but if we can't solve problem with unconfirmed transactions, I'm sure that more people will give up from bitcoin and choose other crypto currency.

All transactions are confirmed in a matter of minutes. You should really use a modern wallet, not the one which sends txs with 0 fee.

But you are surely free to choose  other crypto currency, best of luck Take the other trolls with you who want to send three cents on-chain for free on your way out, please.

"i am satosh", you declare in your sig.

You probably could not be further from the truth.
Maybe try "i am gmax" for more accuracy.

"you are surely free to choose other crypto currency"
Just more 'false dilemma' fallacy.

"All transactions are confirmed in a matter of minutes."
And outright lies!

[e-coinomist]

I really don't know what is going on but very long waiting time for BTC transactions confirmation really creating serious problems.
I remember that just a few months ago all my transaction was confirmed in a few hours.
Recently, I usually have to wait for more than 24 hours.
Bitcoin is still the most popular crypto currency but if we can't solve problem with unconfirmed transactions, I'm sure that more people will give up from bitcoin and choose other crypto currency.

All transactions are confirmed in a matter of minutes. You should really use a modern wallet, not the one which sends txs with 0 fee.

But you are surely free to choose  other crypto currency, best of luck Take the other trolls with you who want to send three cents on-chain for free on your way out, please.

So far none run stuck, might been lucky. But I am always keeping an eye on https://bitcoinfees.21.co/ to adjust the fee. Mostly forking over like 50cents so far, with a fatal tendency to rise and rise. Both the satoshis amount AND the dollar value are escalating!
On the long term a digital currency must be able to beat the competition, not to exceed them on feeing nickel 'n dime out of customer's pockets.

[kiklo]

I really don't know what is going on but very long waiting time for BTC transactions confirmation really creating serious problems.
I remember that just a few months ago all my transaction was confirmed in a few hours.
Recently, I usually have to wait for more than 24 hours.
Bitcoin is still the most popular crypto currency but if we can't solve problem with unconfirmed transactions, I'm sure that more people will give up from bitcoin and choose other crypto currency.

All transactions are confirmed in a matter of minutes. You should really use a modern wallet, not the one which sends txs with 0 fee.

But you are surely free to choose  other crypto currency, best of luck Take the other trolls with you who want to send three cents on-chain for free on your way out, please.

Thinking everyone lives in a Rich County and can afford up to $1 to transfer 25 cents, shows you don't really think at all do you.
50 cents to $1 US can be alot higher depending on your exchange rate

Examples
Alphabetical order Feb 25, 2017 18:03 UTC
US Dollar?    1.00 USD??    inv. 1.00 USD??
Argentine Peso    15.475000    0.064620
Australian Dollar    1.303951    0.766900
Bahraini Dinar    0.376995    2.652555
Botswana Pula    10.354158    0.096580
Brazilian Real    3.111000    0.321440
British Pound    0.802472    1.246150
Bruneian Dollar    1.404900    0.711794
Bulgarian Lev    1.851750    0.540030
Canadian Dollar    1.309250    0.763796
Chilean Peso    646.800000    0.001546
Chinese Yuan Renminbi    6.867550    0.145612
Colombian Peso    2889.500000    0.000346
Croatian Kuna    6.999600    0.142865
Czech Koruna    25.574950    0.039101
Danish Krone    7.039000    0.142066
Emirati Dirham    3.672650    0.272283
Euro    0.947026    1.055938
Hong Kong Dollar    7.760950    0.128850
Hungarian Forint    292.130000    0.003423
Icelandic Krona    108.850000    0.009187
Indian Rupee    66.645000    0.015005
Indonesian Rupiah    13330.000000    0.000075
Iranian Rial    32422.500000    0.000031
Israeli Shekel    3.691965    0.270858
Japanese Yen    112.144000    0.008917
Kazakhstani Tenge    311.559998    0.003210
Kuwaiti Dinar    0.305125    3.277345
Latvian Lat    0.665570    1.502473
Libyan Dinar    1.425000    0.701754
Lithuanian Litas    3.269890    0.305821
Malaysian Ringgit    4.440000    0.225225
Mauritian Rupee    35.650000    0.028050
Mexican Peso    19.910750    0.050224
Nepalese Rupee    106.927970    0.009352
New Zealand Dollar    1.388118    0.720400
Norwegian Krone    8.376750    0.119378
Omani Rial    0.384500    2.600780
Pakistani Rupee    104.825000    0.009540
Philippine Peso    50.169000    0.019933
Polish Zloty    4.093150    0.244311
Qatari Riyal    3.641200    0.274635
Romanian New Leu    4.277600    0.233776
Russian Ruble    58.487400    0.017098
Saudi Arabian Riyal    3.750600    0.266624
Singapore Dollar    1.404900    0.711794
South African Rand    12.952480    0.077205
South Korean Won    1130.450000    0.000885
Sri Lankan Rupee    151.809801    0.006587
Swedish Krona    9.038650    0.110636
Swiss Franc    1.007700    0.992359
Taiwan New Dollar    30.655000    0.032621
Thai Baht    34.875000    0.028674
Trinidadian Dollar    6.699000    0.149276
Turkish Lira    3.607800    0.277177
Venezuelan Bolivar    9.990000    0.100100

 

FYI:  https://bitcoinfees.21.co/
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 40,680 satoshis.
.00040680  =  .46 US $  or 16.04 Thai Baht  or 6131.8 Indonesian Rupiah

Your .46 cents is UNaffordable in other countries.  

[Carlton Banks]

"All transactions are confirmed in a matter of minutes."
And outright lies!

If you have auto-fee in your wallet software, it's actually true. Software chooses the average fee in the mempool, transaction confirms in minutes (less than 90)

[piramida]

"All transactions are confirmed in a matter of minutes."
And outright lies!

You know, you should try getting some bitcoin for yourself and maybe use them to see what's what? Beats trolling!

[kiklo]

"All transactions are confirmed in a matter of minutes."
And outright lies!

You know, you should try getting some bitcoin for yourself and maybe use them to see what's what? Beats trolling!

If you were telling the truth, we would not have all of these Topics with people complaining about days before their BTC is received
or even dropping out of the mempools after 72 hours and having to resend.

Has your entitled ass ever left your parents basement, because you seem completly clueless their is a exchange rate between world currencies.
And your .46 Cents in other Countries:

India is the lowest among larger economies with a $0.28/hour rate.  
1.64 hours to paid your transaction fee
or
The absolute lowest federal minimum wage is in Sierra Leone, where workers can expect just $0.03/hour.
15.33 hours to paid your transaction fee

 

[jonald_fyookball]

"All transactions are confirmed in a matter of minutes."
And outright lies!

You know, you should try getting some bitcoin for yourself and maybe use them to see what's what? Beats trolling!

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

[piramida]

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

Good, maybe your friend would want to upgrade to a modern wallet now, seeing as his current one can not calculate fee properly.

[jonald_fyookball]

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

Good, maybe your friend would want to upgrade to a modern wallet now, seeing as his current one can not calculate fee properly.

I guess you do not really understand how bitcoin fees work.  They are dynamic.  There is no 'proper' method as the requirements change.

[piramida]

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

Good, maybe your friend would want to upgrade to a modern wallet now, seeing as his current one can not calculate fee properly.

I guess you do not really understand how bitcoin fees work.  They are dynamic.  There is no 'proper' method as the requirements change.

No, there is. Proper method is calculating a fee that guarantees inclusion in the next block. It's trivial math, you know, adding and dividing numbers. Most wallets figured out how to do it long time ago. Try some.

If that is too hard, there is a service which API you can use, then you don't even need to know how to add and divide numbers! https://bitcoinfees.21.co/ - see, 160 satoshis per byte for an instant confirmation. As you can also see, most of the backlog consitutes txs with 0-40 satoshis per byte, which no sane modern wallet would ever use. These are called spam transactions, sent out by some bad guy promoting big blocks. If you really cared about bitcoin future even a tiny bit, you would understand that working for this guy and promoting including such transactions in the block space is a horribly wrong idea.

[jonald_fyookball]

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

Good, maybe your friend would want to upgrade to a modern wallet now, seeing as his current one can not calculate fee properly.

I guess you do not really understand how bitcoin fees work.  They are dynamic.  There is no 'proper' method as the requirements change.

No, there is. Proper method is calculating a fee that guarantees inclusion in the next block. It's trivial math, you know, adding and dividing numbers. Most wallets figured out how to do it long time ago. Try some.

Wow...this comment really shows your ignorance. 

There is no guarantee that any transaction will be included in the next block.
It is completely up to the miner what transactions (if any)
they want to include in any particular block.   

[piramida]

tell that to my friend who used the default fee in electrum and has been waiting 16 hours for his money since yesterday.

Good, maybe your friend would want to upgrade to a modern wallet now, seeing as his current one can not calculate fee properly.

I guess you do not really understand how bitcoin fees work.  They are dynamic.  There is no 'proper' method as the requirements change.

No, there is. Proper method is calculating a fee that guarantees inclusion in the next block. It's trivial math, you know, adding and dividing numbers. Most wallets figured out how to do it long time ago. Try some.

Wow...this comment really shows your ignorance.  

There is no guarantee that any transaction will be included in the next block.
It is completely up to the miner what transactions (if any)
they want to include in any particular block.  

Once again, I must tell you to get at least several satoshis and see for yourself how bitcoin actually works, and not tell me your theoretical half-assed knowledge. All transactions sent with an adequate fee are included in the next block 99% of the time, period.

[rizzlarolla]

"All transactions are confirmed in a matter of minutes."
And outright lies!

If you have auto-fee in your wallet software, it's actually true. Software chooses the average fee in the mempool, transaction confirms in minutes (less than 90)

Ok, - a matter of hours - i accept that is a lot more true.
(a "matter of minutes" counted in hours was deceitful at least)

But this fee market is just starting.
Given more time, recommended fees will be counted in Dollars, not Cents.
Can't core understand people are adopting Bitcoin, as satoshi envisaged. Core don't seem to want that.

No problem, this fee and congestion Core plan must happen now to show their failings and induce a sudden fork to (have to) happen.
We just need a bit more time to get through this Core plan of Bitcoin destruction.

[piramida]

by minutes I mean minutes. all txs sent  with 160 satoshis per byte went out in 1-2 blocks, which is anywhere from 0 to 30 minutes. try it at least once...

bitcoin is perfectly fine, what is not fine is the army of trolls pushing their masters political agenda. this we should definitely get rid of, its a nuisance to actual developers and actual community.

[jonald_fyookball]

by minutes I mean minutes. all txs sent  with 160 satoshis per byte went out in 1-2 blocks, which is anywhere from 0 to 30 minutes. try it at least once...

bitcoin is perfectly fine, what is not fine is the army of trolls pushing their masters political agenda. this we should definitely get rid of, its a nuisance to actual developers and actual community.