why slow transactions?

[coinzoid]

I have tried to subscribe a magazine website using bitcoin payment and made a mistake by selecting low fee. There was 15 min threshold before activation of membership plan for the payment I made and that part didn't go well, due to unconfirmed transaction. I had to submit a ticket and still waiting a response from publisher.

So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.

[Soutogu]

You can google "blockchain unconfirmed transactions" and see for yourself how bad things are right now... I just checked and it was at 53k - So if your fee was small, your transaction could potentially take days to confirm, unfortunately.

Something to think about whenever you decide which bitcoin fork to support... I'd rather have a digital currency which is faster and cheaper

[KingdomHearts]

I have tried to subscribe a magazine website using bitcoin payment and made a mistake by selecting low fee. There was 15 min threshold before activation of membership plan for the payment I made and that part didn't go well, due to unconfirmed transaction. I had to submit a ticket and still waiting a response from publisher.

So, I recommend anyone to check with other side, if fast confirmation is required. Otherwise it might be annoying to wait for a response.

The transaction is slow due to you chose low priority option, which offers a low fee, and miners are not ready to confirm it (which is one thing I hate.) The high priority option is made in within 10 minutes of the transaction. While the low fee option might take up to days without getting confirmed; I’ve seen someone say that his low fee transaction has taken up.to 17 days and still yet to be confirmed.

[dontmindme]

This is nothing, when the backlog was around 200k transactions the confirmation time was higher and the fees outrageous

Well I don't see any difference in the fees yet even if SegWit is locked in,I still have to pay 7$ per transaction for get it to comfirm in next 6 blocks and 10-12$ to get it comfirm in the next 2 blocks this is really huge when do you think fees will go down?

SegWit won't make the fees go down, it will just allow you to use the lightning network side channels / hubs that will have no fees or super low fees.

That's pretty significant, isn't it?

[Ya-ing]

Yeah, fees are really high these days. You have to move big amounts for it to be less expensive.

[fabrizoc]

I have never seen things slower, when does segwit activate?

The reason for slow transaction of bitcoin is probably because of a low transaction fee, let me use a real life example, if you have customers and they call you to do something, you would go to the highest payer first, that’s how transactions are confirmed too, highest first.

[thend1949]

I have never seen things slower, when does segwit activate?

The reason for slow transaction of bitcoin is probably because of a low transaction fee, let me use a real life example, if you have customers and they call you to do something, you would go to the highest payer first, that’s how transactions are confirmed too, highest first.

I agree about it that bitcoin's slow transactions fee can caused traffic compared from much higher fees, that's why miners existed because they helped speed up the blockchain network to gain it's network strength because of fast hardwares connected to the networks. Some bitcoin earners chooses fast transactions fees so that urgent transactions can be expedite and eliminate delays, specially when there's an urgent needs.

[seattletu]

I really put more fault on the miners. Center devs truly don't believe the block size should increment for some reasons.

Miners have alternatives to run bitcoin exemplary or boundless. Which implies miners must not think it is critical to have greater blocks at the present time. Miners at last are the ones that settle on the choice.