thesavoyard (OP)
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March 02, 2017, 06:14:39 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
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Dmitry.Vastov
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March 02, 2017, 06:38:01 AM |
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Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Or use this https://www.viabtc.com/tools/txaccelerator/Dont know if its effective because i haven't tried this before. Let me know if its effective. Guess we dont have much choice. We need to higher our fees to make faster. Hope they fix this.
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davis196
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March 02, 2017, 06:39:55 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed.
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Idrisu
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March 02, 2017, 06:50:58 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. Someone has to intervene before this confirmation turn out to be a big issue. Confirmation of transactions after 20 hours is annoying and frustration. Though we understand that low fee slow confirmation something has to still be done about it.
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bones261
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March 02, 2017, 06:51:59 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
The Bitcoin Core developers already have implemented Segwit, but less than 30% of the mined blocks are signaling Segwit support. In order for Segwit to get implemented, it needs 95% of the mined blocks to signal Segwit support. Segwit would effectively decrease the amount of bytes for each transaction, so they could squeeze in 70% more transaction in a block. Unfortunately, the two biggest pools are not signaling support, as well as many others. These are Antpool and F2pool. It appears they are sitting on their hands, because they stated they would only accept Segwit if the Core developers also made plans to do a hardfork to increase the block size. There is also Bitcoin Unlimited that some pools are supporting. My eyes glazed over when I tried to understand their faq, but basically it would let miners vote on what block size is best, and the majority wins. (I guess?) Antpool nor F2pool won't go for this either because they want the hardfork to come from the Core team, I guess. So, to answer your question, there are solutions out there. However, a consensus cannot be reached. So for now, you need to hurry up and wait. For now, you can try to submit your transaction to the transaction accelerator at VIABTC.com's pool. https://www.viabtc.com/tools/txaccelerator/ If you can successfully add your transaction, (they only take about 100 per hour), they will include your transaction in the next block or two. They have been hitting about 10+ blocks per day lately.
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knircky
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March 02, 2017, 06:53:57 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
So you know that tx with low fees dont work, yet u still want to transact without paying fees? Pay higher fees. You should pay $1-3 per tx these days.
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Fraxinus
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March 02, 2017, 06:56:27 AM |
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Well,there is no way around it now,either have to pay high fees or wait,and I choose to pay the high fee so my transactions gets through faster.But I agree that it gets annoying having to wait for days
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n0ne
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March 02, 2017, 06:56:33 AM |
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Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Or use this https://www.viabtc.com/tools/txaccelerator/Dont know if its effective because i haven't tried this before. Let me know if its effective. Guess we dont have much choice. We need to higher our fees to make faster. Hope they fix this. Similar such service has come to use because of the ongoing delay in transaction confirmation. This will be effective for few transactions after which it cannot make the transaction move forward in the priority list of faster confirmation transaction. But this works giving at least a small time variation in normal mode of confirmation and using this.
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knircky
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March 02, 2017, 06:57:03 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i would be sooo much richer...... Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing.
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hisuka
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March 02, 2017, 07:04:17 AM |
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I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again.
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LoyceV
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Thick-Skinned Gang Leader and Golden Feather 2021
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March 02, 2017, 07:04:55 AM |
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Thats how it works. If you want faster confirmation on your transaction, just put a higher fees. The higher, the faster the transaction to be confirmed. Although this is still true, it's a race into higher fees now. Most wallets use "dynamic fees", which means they adjust the fee to whatever fee is best at that moment. Since most wallets do that, they keep increasing fees. In the end, we all pay more, and we're all still waiting, as blocks are still limited. Fees are now spiralling up very fast. A fee that was more than high enough a week ago is now already too small to get a confirmation within 12 hours. This really stops bitcoin gorwth and mass adoption.
I fear this holds back Bitcoin indeed. How can it grow if more users only means we can make less transactions per person? Pay higher fees. You should pay $1-3 per tx these days.
If we all do that, it won't be enough anymore by next week. Paying more doesn't solve a scarcity problem, it pushes the poorest off the market.
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bones261
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March 02, 2017, 07:06:43 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I have the same problem with one transaction.20 hours and still 0 confirmations. This really stops bitcoin gorwth and mass adoption.What is the btc price is $3000? We will have to wait for more than a week for a transaction to be confirmed. If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i Would be sooo much richer that i really dont care. Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing. Well if you only want to send .01 BTC $3-5 is rather high.
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Pursuer
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March 02, 2017, 07:14:10 AM |
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If the price of btc is 3k id be happy to pay 3x in tx fees. Now $ 3-5, because i would be sooo much richer......
these two aren't right together. if price was $3000 you should be paying less amount of fee. because the only purpose of paying fee should be to pay the miners for the work they are doing and if price were $3000 that would have meant miners were earning 12.5 BTC * $3000 = $37,500 and that is at least 5 times what the cost of mining is for them. Fees wont change until the market lets miners know they are unhappy. Currently the market is telling miners they love what they are doing.
it is fee war! sadly, there is spam attack but we -as users- are increasing the fees by competing with each other and there is no stopping that because you can't convince everyone to pay the same fee, every single person wants his transaction to be confirmed faster so they pay higher fees than the last person.
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Only Bitcoin
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Carlsen
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March 02, 2017, 07:26:25 AM |
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I don't think has to do anything with the price of bitcoin. I suppose that somebody is sending countless spam transactions. To what purpose I do not know, either to support an increase of the blocksize, or to increase the amount of fees. Or to discredit bitcoin. But I am relatively sure that the pure number of transactions are not caused by the natural growth of th bitcoin community. And when there are many transactions, those with the highest fees are handled first.
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Amph
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March 02, 2017, 07:27:06 AM |
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I encountered this problem also, too long to confirm the btc transactions. It took 2 days that had confirm in my wallet. I just notice this when the btc price pumped. I dont know what is the other ways that it will not happen again.
you are aware that fee have an average of 36k satoshi now? a tx that has a height of 226 byte require that amount of fee they should really add to core the amount of fee you need to pay currently/based on the size of the TX) to not get stuck, the autofee is usually too high and the standard is too low with accelerator you can usually go away with half of the fee, which is very convenient
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wxa7115
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March 02, 2017, 07:34:23 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
It is not that bitcoin is unreliable, this is the way it is supposed to work, but some measures are being taken to try to alleviate the problem but it is doubtful if the solution is going to be activated and even if it is, I may not solve the problem completely.
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mk4
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March 02, 2017, 07:40:59 AM |
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blockchain probably getting flooded again
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Curated Crypto Airdrop Database
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passwordnow
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March 02, 2017, 08:01:23 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
I really don't mind if the fees goes up. Its normal together with the price of bitcoin so expect that to happen. And with your transaction many are suffering with the delay and unconfirmation of their transactions. The reason why you are experiencing that because of the network traffic and volume of transactions at the same time.
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megynacuna
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March 02, 2017, 08:08:41 AM |
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With the price up and trading going up, fees are skyrocketing. Transactions a few days ago took hours which was too long. My now it's been 24 hours and still 0 confirmations. Besides the major annoyance and risk this causes, is there any way to fix BTC? I don't see it surviving unreliability.
Well let's all wait for the approval of segwit and see if it can put this problem to bed. It's been trending for quite a long time and I know everyone is interested in getting the delayed confirmations behind us so that we can have a workable Bitcoin with fast confirmations.
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franky1
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March 02, 2017, 08:37:40 AM |
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the problem with cores idea of fee's is not controlled by code.. kind of funny that devs removed code rules.. yes version 0.14 has totally removed the priority mechanism. yes the priority mechanism wasnt any good as it just favoured the rich more then the poor in its formulae. but they never bothered to actually be real devs and envision a new formulae that actually does help solve the issues that causes the problems and also havnt been code devs to treat people more fairly rather then act like banker economists that punishing the innocent aswell as the malicious with the stupid 'just pay more' empty minded mindset.. so to save me re-writing what i have already wrote we should think about changing something real simple. the tx priority formulae to actually solve things like bloat/respend spam. where by the more bloated (tx bytes) and the more frequent (tx age) a spend is made. the more it costs. imagine that we decided its acceptable that people should have a way to get priority if they have a lean tx and signal that they only want to spend funds once a day. where if they want to spend more often costs rise, if they want bloated tx, costs rise.. which then allows those that just pay their rent once a month or buys groceries every couple days to be ok using onchain bitcoin.. and where the costs of trying to spam the network (every block) becomes expensive where by they would be better off using LN. (for things like faucet raiding every 5-10 minutes) so lets think about a priority fee thats not about rich vs poor but about respend spam and bloat. lets imagine we actually use the tx age combined with CLTV to signal the network that a user is willing to add some maturity time if their tx age is under a day, to signal they want it confirmed but allowing themselves to be locked out of spending for an average of 24 hours. and where the bloat of the tx vs the blocksize has some impact too... rather than the old formulae which was more about the value of the tx here is one example ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2FWnGb05Q.png&t=665&c=ipKlvjiDtYucgA) as you can see its not about tx value. its about bloat and age. this way those not wanting to spend more than once a day and dont bloat the blocks get preferential treatment onchain. if you are willing to wait a day but your taking up 1% of the blockspace. you pay moreif you want to be a spammer spending every block. you pay the priceand if you want to be a total ass-hat and be both bloated and respending often you pay the ultimate priceyes its not perfect. but atleast lets think about using CODE to choose whats acceptable. rather than playing bankers economic value games of rich guys always win, or the bankers ecomonic games of 'just pay more.. that way we are no longer pushing the third world countries out of using bitcoins mainnet.
the other problem recently is that core changed the fee calculations by miners from being reactive to demand.. to be done using an average estimator, which is proved by math to be biased to increase even during low demand. this needs to go back to reactive
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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