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Author Topic: Bitcoin transactions confirmation time.  (Read 3003 times)
robelneo
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February 23, 2017, 05:38:54 AM
 #21

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

I would surely want to see some evidence that this is a true statement, because this sounds a bit fishy to me. Yes, there are currently spam attacks and miners fees are higher than usual, but 48 hours sounds like a huge exaggeration to me. I have send tx's with much less fees, and it was confirmed.

Take a screen capture of the tx's and blank out the Bitcoin address, so that we can confirm this please.

I can confirm that confirmation now took a lot of time to happen I sent two one from coin.space wallet and the other through my electrum wallet and both transactions are not yet confirm and it's been over 24 hours,this is not the first time i experience this 20 months ago had the same issue but I eventually get it after 48 hours.

           
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February 23, 2017, 05:44:35 AM
 #22

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?
very often. I use blockchain wallet.. I sent at least 0.03 btc and I use fee 0.0003 btc. but within 2-3 days. I have not received one confirmation
I think it's been too annoying

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February 23, 2017, 09:33:58 AM
 #23

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

Yes, Bitcoin confirmation times and rates has been the headache of many in recent weeks and I'm tempted to say that it is making our beloved cryptocurrency unpopular by the day and I hope the developers come up with something quick to remedy this situation so that the delays and monetization of Bitcoin will cease.



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February 23, 2017, 10:34:40 AM
 #24

You're making a common mistake of not adjusting the fee.
https://bitcoinfees.21.co/ As you can see here currently you need to set it to over 0.0008 / byte to be above the majority and get a fast confirmation. I used to send transactions with 0.0002 fee last year and they had no problems going through, but this year people started pumping the fees like crazy and the smallest fee is probably something above 0.0004, if you go below that you could be waiting 2-3 days for a confirmation.

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February 23, 2017, 10:47:10 AM
 #25

My transaction too has not been confirmed for over 24 hours: https://blockchain.info/tx/85c97faeaae2889212a7adff521ef1d6d5ab9706a3c31214ae9363591d983dab

I don't know why a $7.5 transaction consumes 522 bytes, which means it would require minimum $0.55 as fee. It's almost 8% of the transaction amount which I would need to spend as a fee which makes bitcoins expensive and lose its value.

Using xapo/coinbase makes confirmations faster as they apply a 112 satoshi/byte fee else we need to spend 8% per transaction.
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February 23, 2017, 11:06:53 AM
 #26

My transaction too has not been confirmed for over 24 hours: https://blockchain.info/tx/85c97faeaae2889212a7adff521ef1d6d5ab9706a3c31214ae9363591d983dab

I don't know why a $7.5 transaction consumes 522 bytes, which means it would require minimum $0.55 as fee. It's almost 8% of the transaction amount which I would need to spend as a fee which makes bitcoins expensive and lose its value.

Using xapo/coinbase makes confirmations faster as they apply a 112 satoshi/byte fee else we need to spend 8% per transaction.

Even Coinbase is taking several hours, to not say half of a day, to complete a transaction. It's really bad currently and i am not agree to pay a 8 percent fees
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February 23, 2017, 01:29:25 PM
 #27

yea we all are facing the problem of long time of confirmation if we pay less transaction fees. as because already there is a long que of about 40 to 80 thousand unconfirmed transactions and we are one among them so the one who pays high fees will get the transaction confirmed faster and don't worry it will get verified soon.
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February 23, 2017, 01:48:55 PM
 #28

78 hours for me with blockchain Huh

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February 23, 2017, 01:56:00 PM
 #29

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

Yes, Bitcoin confirmation times and rates has been the headache of many in recent weeks and I'm tempted to say that it is making our beloved cryptocurrency unpopular by the day and I hope the developers come up with something quick to remedy this situation so that the delays and monetization of Bitcoin will cease.
Probably due to recent price pumping that increases the number of transactions were made thus make the delay occur to the network. Pretty disappointed by the speed of confirmation nowaday honestly, but there's nothing I can do. The best way is just making your fee higher than usual, it's sure working.

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February 23, 2017, 02:35:34 PM
 #30

This is why bitcoin SUCKS! Time to switch to something better  Grin

p.s im also in this mess of unconfirmed transactions with blockchain and its been nearly 48hrs. I made a payment this morning with another coin (not mentioning) and it took what 20 seconds?

Im frustrated with btc

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February 23, 2017, 02:45:08 PM
 #31

This is why bitcoin SUCKS! Time to switch to something better  Grin

p.s im also in this mess of unconfirmed transactions with blockchain and its been nearly 48hrs. I made a payment this morning with another coin (not mentioning) and it took what 20 seconds?

Im frustrated with btc

Another thread with the same problem.. Guys please read threads before starting a new one. Everybody in this mess right now and finding a solution. Paying more fees will less your waiting time but that cannot be a permanent solution.  Roll Eyes

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February 23, 2017, 02:47:24 PM
 #32

This is why bitcoin SUCKS! Time to switch to something better  Grin

p.s im also in this mess of unconfirmed transactions with blockchain and its been nearly 48hrs. I made a payment this morning with another coin (not mentioning) and it took what 20 seconds?

Im frustrated with btc

Another thread with the same problem.. Guys please read threads before starting a new one. Everybody in this mess right now and finding a solution. Paying more fees will less your waiting time but that cannot be a permanent solution.  Roll Eyes

Paying more fees is NOT a solution, switching to another coin is the solution.!

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February 23, 2017, 03:12:34 PM
 #33

This is why bitcoin SUCKS! Time to switch to something better  Grin

p.s im also in this mess of unconfirmed transactions with blockchain and its been nearly 48hrs. I made a payment this morning with another coin (not mentioning) and it took what 20 seconds?

Im frustrated with btc

Another thread with the same problem.. Guys please read threads before starting a new one. Everybody in this mess right now and finding a solution. Paying more fees will less your waiting time but that cannot be a permanent solution.  Roll Eyes

Paying more fees is NOT a solution, switching to another coin is the solution.!

All the other coins right now,does not have the same adoption and community support like what Bitcoin is now enjoying,tell me what coin do you have in mind that you can cashout without converting it first to bitcoin and what other crypto currency that has wide spread adoption like Bitcoin.

           
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cpozzer
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February 23, 2017, 03:47:33 PM
 #34

This is why bitcoin SUCKS! Time to switch to something better  Grin

p.s im also in this mess of unconfirmed transactions with blockchain and its been nearly 48hrs. I made a payment this morning with another coin (not mentioning) and it took what 20 seconds?

Im frustrated with btc

Another thread with the same problem.. Guys please read threads before starting a new one. Everybody in this mess right now and finding a solution. Paying more fees will less your waiting time but that cannot be a permanent solution.  Roll Eyes

Paying more fees is NOT a solution, switching to another coin is the solution.!

All the other coins right now,does not have the same adoption and community support like what Bitcoin is now enjoying,tell me what coin do you have in mind that you can cashout without converting it first to bitcoin and what other crypto currency that has wide spread adoption like Bitcoin.

Well, just to make an example if you have a coinsbank account you can cashout LTC on your coinsbank credit card.
The problem is that all other coins are not as popular as bitcoin, but once we will have alternatives i think many will switch over to altcoins.

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February 23, 2017, 05:51:16 PM
 #35

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

Seems that the blockchain do have a problem again on processing too many transactions, that is why many transactions are not yet confirmed since the last two days. Everyone is thinking that they have lost their bitcoin and would not receive it anymore because two days have already pass, yet they don't receive it.

But it is not true, they will receive it as soon as this problem will be fixed, and this is not the first time that this situation happens to the blockchain, the reason behind this is because of too many transactions by the rapidly growing of the bitcoin users population.

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February 23, 2017, 05:53:41 PM
 #36

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

yes actually network is a bit too busy these days and hence I also faced this issue though I realized it next time and paid 0.0003 btc fees and it got confirmed in next 2 blocks. But bitcoins being 1100$ it feels pain paying 30 cents.
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February 23, 2017, 06:06:58 PM
 #37

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?

Seems that the blockchain do have a problem again on processing too many transactions, that is why many transactions are not yet confirmed since the last two days. Everyone is thinking that they have lost their bitcoin and would not receive it anymore because two days have already pass, yet they don't receive it.

But it is not true, they will receive it as soon as this problem will be fixed, and this is not the first time that this situation happens to the blockchain, the reason behind this is because of too many transactions by the rapidly growing of the bitcoin users population.

So I finally got an answer why my $15 transactions hasn't been confirm for the last  36 hours if I've known that there's an ongoing issue like this I would have set the fees to a much higher so i can get it even in two hours,but now with so many transactions going will I ever get my bitcoin..

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February 23, 2017, 07:10:49 PM
 #38

Recently I've sent $20 for a trade but even after 48 hours its not confirmed yet. Are you guys too facing this issue with bitcoins?
You are not the only one. Bitcoin network is currently facing heavy transaction load. Around 93k transactions are currently unconfirmed.
https://blockchain.info/en/unconfirmed-transactions

You need to pay more than normal transaction fee to get faster confirmation, that is you need to pay higher fee if you want your transactions to get confirmed faster.


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February 23, 2017, 07:21:09 PM
 #39

My transaction too has not been confirmed for over 24 hours: https://blockchain.info/tx/85c97faeaae2889212a7adff521ef1d6d5ab9706a3c31214ae9363591d983dab

I don't know why a $7.5 transaction consumes 522 bytes, which means it would require minimum $0.55 as fee. It's almost 8% of the transaction amount which I would need to spend as a fee which makes bitcoins expensive and lose its value.

Using xapo/coinbase makes confirmations faster as they apply a 112 satoshi/byte fee else we need to spend 8% per transaction.

Even Coinbase is taking several hours, to not say half of a day, to complete a transaction. It's really bad currently and i am not agree to pay a 8 percent fees

No, coinbase is adding a very high fee for transaction and same goes for Xapo. I noticed that they are paying 0.0009 btc for every transaction so that it gets confirmed soon (transactions take 5 minutes to get confirmed). But still it's not worth to pay such high fees for a transaction as low as 0.01 BTC.
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February 23, 2017, 07:28:32 PM
 #40

Ya you are actually right I received some funds in the middle it was talking 10 min so I was like I'll use the funds and then go but 15 minutes passed away still nothing happened. When I came back after 30 min the transaction was still confirming, so I don't think you are the online person who is actually facing a delay for the transactions to confirm.



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