Scaling issues

[chesthing]

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

[Janation]

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

Many people experiencing this too and being disappointed how the confirmation times becoming longer. I guess we really need to pay a good miner fee in order to make them confirm ir more faster.
With a lot of new countries feeling to use bitcoin now, I think it is still not really ready for the larger scale. How about after the debate? Do you think it will be ready?

[chesthing]

Idk, but this is frustrating. Bch needs to die that's for sure, it's not doing crypto any favors.
Just confirmed 2 hours later. At least I know it's still working?!

[25hashcoin]

Thats why we have Bitcoin Cash now. BTC is doomed.

[chesthing]

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

[25hashcoin]

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

https://bitinfocharts.com

Currently confirming in 2.5 minutes for BCH and 12.5 minutes for BTC with extremely high fees.

[shimbark123]

It is because of the shitcoin we forked. The bitcoin cash, it is so sad that we had that coin. Personally I thought that, that coin will give us good thing but I am wrong sadly. That makes our transaction even more worse.

[pooya87]

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

[Sithara007]

Thats why we have Bitcoin Cash now. BTC is doomed.

Some of the miners (especially AntPool) is deliberately trying to push up the transaction fee, by rejecting all the low-fee transactions. Check the latest blocks mined by AntPool. Almost all of them are significantly less than 1 MB.

[stompix]

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

Actually wtf are they doing?
482571   000000000000000004d21da54c6ddd86c6b20cf07ba0c46a8f0df7df27891b4a   2017-08-25 04:48
482562   000000000000000004f3234e874067c7a7d55066145fda4fd76dcb2657df2150   2017-08-25 04:18   

10 blocks in 30 minutes?
At the speed they are going right now we're going to see them halving in a few months:)))

This is a desperate move to attract miners and weaken bitcoin but I don't think they have any chance of success.

[exstasie]

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

It could be worse. I had to send a transaction with ~420 satoshi/Byte fee to be included in the next block earlier.

It's no big deal. Bitcoin, as is, just isn't ideal for small payments and is pretty much impossible for micropayments. But we should have some patience here. Segwit was just activated, and compatible wallets will be rolling out in the coming days. Not only does that mean an immediate capacity boost (and cheaper fees), but it means we are one step closer to the Lightning Network. That could change everything, including making BTC micropayments sustainable again.

[Vod]

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

[pooya87]

Thats why we have Bitcoin Cash now. BTC is doomed.

You stoned? bch takes half a day to confirm, and that's with a miniscule amount of volume compared to btc.
The sooner this shitcoin dies the better, it's a waste of mining power.

as 25hashcoin said the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!
you see it is more like an indirect attack against bitcoin performed by bitcoin cash. they made their chain profitable for miners by manually changing the difficulty and making the blocks easy to find. it is like a free giveaway to miners and because of it a lot of them switched, so it takes longer for bitcoin blocks to be found.

Actually wtf are they doing?
482571   000000000000000004d21da54c6ddd86c6b20cf07ba0c46a8f0df7df27891b4a   2017-08-25 04:48
482562   000000000000000004f3234e874067c7a7d55066145fda4fd76dcb2657df2150   2017-08-25 04:18   

10 blocks in 30 minutes?
At the speed they are going right now we're going to see them halving in a few months:)))

This is a desperate move to attract miners and weaken bitcoin but I don't think they have any chance of success.

well, it is a messed up situation right now. and it is partly a hidden shenanigan performed by miners too. you see when bitcoin cash was released they had plans on reducing the difficulty like this and because of that it was obvious a situation like what we see now (super fast blocks) would take place temporarily until the difficulty is readjusted again.
so the miners waited and let the hashrate remain low so the difficulty comes down. and as soon as it came down they ran to mine BCH so the hashrate shooted up (shot up?) like this and blocks are being found super fast!

the only good news is that this situation will not last forever. the difficulty has to rise at some point and then with ~10 min blocks on average and the much lower price, it will no longer be wise or profitable to mine BCH

i just hope we don't see difficulty swings like this every couple of weeks!

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

not ALL, but a significant amount of hashrate left and caused this. even if it is temporary.

https://blockchain.info/charts/hash-rate?timespan=15days 2 TH/S was lost on 22nd

[Kakmakr]

Thats why we have Bitcoin Cash now. BTC is doomed.

Bitcoin Crash is going to fail, just like the previous attempt to sabotage the original coin. Just look at what happened with Bitcoin XT and the same people are behind Bitcoin Crash too. The only reason why Bitcoin Crash is doing good at this moment, is because the miners are greedy and Bitcoin Crash is currently more profitable to mine.

People will dump their Bitcoin Crush and then transaction volumes will decline and miners will move back to BTC. It is as simple as that. ^smile^

[ebliever]

Thats why we have Bitcoin Cash now. BTC is doomed.

Thanks for the comedy here. I just hope for your sake you are one of the BCH miners who is grabbing the accelerated block rewards and dumping them on the suckers supporting BCH so you can earn BTC. Only a small portion of BCH has become available to be dumped so far, so as the rest comes online at sites like Coinbase and Polo BCH will be dumped to oblivion.

BCH offers 45 blocks an hour one day, and one block in six hours the next. But it hardly matters because the blocks are empty either way. BCH will be remembered as a prominent scamcoin. Hopefully most of those who get burned buying it up will leave crypto and give us some peace in the future.

[CraigWrightBTC]

Wait until the activation of segwit2x/lighting network on bitcoin's network maybe it will fix scaling issues on bitcoins
and maybe it will makes time of confirmation will be more fast than now,
only wait the segwit2x/lighting network our hope to fixing scaling issues on bitcoins because the comunity has choose this desicions and solution to be bitcoins more better in the future.

[krishnapramod]

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

It could be worse. I had to send a transaction with ~420 satoshi/Byte fee to be included in the next block earlier.

It's no big deal. Bitcoin, as is, just isn't ideal for small payments and is pretty much impossible for micropayments. But we should have some patience here. Segwit was just activated, and compatible wallets will be rolling out in the coming days. Not only does that mean an immediate capacity boost (and cheaper fees), but it means we are one step closer to the Lightning Network. That could change everything, including making BTC micropayments sustainable again.

Yeah, patience is what we need. Majority of miners have no ideologies, simply profit driven. With accelerated mining, Bitcoin Cash is digging its own grave and in the process temporarily halting Bitcoins growth. Miners gaming on low difficulty of BCH and high transaction fees of BTC isn't going to last forever. BCH is dropping and sooner or later the price would drop to the point where even low difficulty wouldn't be enough to retain miners.

Bitcoin price is going strong, the increasing fee/congestion is a concern, it would take some time for the whole network to switch to Segwit transactions. This is why we need LN, you don't have to entirely depend on miners.

[musbeto]

Wtf confirmation times are becoming stupid, over an hour ago I sent a transaction with a 389.341 sat/B fee and it's still unconfirmed. Unfortunately bitcoin isn't ready for prime time.

I used to be like you but it confirmation time is up to 16 days. maybe you have fallen into a limited. 

[exstasie]

the bitcoin cash blocks are being found super fast, it was 2 min last time i checked. and THAT is exactly why bitcoin transactions are talking too long!

So you are saying bitcoin is slow because bitcoin cash exists?

You suspect all the miners are leaving bitcoin?

Due to difficulty readjustments, it's a bit more complex than simple "leaving," but Bitcoin's hashrate did drop considerably when BCH's profitability shot upwards: https://twitter.com/cryptoSqueeze/status/900255329941835776

#Bitcoin hashrate dropped 50%+ from 8,000 Petahash to 4,000 Petahash in the past 5 days.
That explains most of the unconfirmed transactions

How much of this is Bitmain (and its proxies like ViaBTC), and how much of it represents regular BTC miners defecting to a more profitable coin? We really don't know. In the short term, the market doesn't seem to care; BTC continues to rise. But couldn't this be problematic if half of miners perpetually leave the BTC chain when BCH becomes more profitable? Seems like a recipe for network instability (and insecurity) and increasing confusion over which chain is more relevant.

[defined]

Thats why we have Bitcoin Cash now. BTC is doomed.

Some of the miners (especially AntPool) is deliberately trying to push up the transaction fee, by rejecting all the low-fee transactions. Check the latest blocks mined by AntPool. Almost all of them are significantly less than 1 MB.

You are right. Centralization in mining pools is bad, https://blockchain.info/blocks/AntPool shows this:
0.34 kB
0.34 kB
926.78 kB
684.12 kB
999.25 kB
0.34 kB
714.81 kB