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Author Topic: Is Bitcoin processing going slows for anyone?I need urgent help  (Read 277 times)
emmagloor (OP)
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October 01, 2017, 06:02:20 AM
 #1

Is Bitcoin processing going slows for anyone?
It's taking forever for a transaction to compete when I deposit.
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OmegaStarScream
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October 01, 2017, 06:06:08 AM
 #2

How much have you paid in fees? The mempool transaction count definitely increased in the last a few hours but that should affect you much unless of course you are depositing into a service that require multiple confirmations, feel free to post the transaction ID so we could help you.

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davis196
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October 01, 2017, 06:33:54 AM
 #3

Is Bitcoin processing going slows for anyone?
It's taking forever for a transaction to compete when I deposit.

You are asking for help,but you didn`t provide any details about the transaction.
What wallet are you using?Where are you depositing bitcoins?How long are you waiting for confirmation?
If you are depositing btc to some unknown and untrusted service,you might get scammed.
You could contact customer support or just wait for the confirmation.

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October 01, 2017, 06:58:33 AM
 #4

there has been a surge of transactions in the past 12 hours (give or take) and i saw Antpool mine a couple of half empty and empty blocks which made things a little worse and that has caused a little bit of backlog which always leads to higher fees than normal, so if you paid the normal old fees you obviously see a delay because your transaction priority will be lower compared to others.

try switching to a wallet that gives you proper fee estimations all the time so you don't have to experience these types of issues.

Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip.
Whales are those who keep buying the dip.
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October 01, 2017, 07:01:31 AM
 #5

When you deposit to your own wallet or to a 3rd party wallet, like an exchange for example?

If a 3rd party wallet, then maybe they require several confirmations or it is their fault, not of the network
Baofeng
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October 01, 2017, 07:08:52 AM
 #6

there has been a surge of transactions in the past 12 hours (give or take) and i saw Antpool mine a couple of half empty and empty blocks which made things a little worse and that has caused a little bit of backlog which always leads to higher fees than normal, so if you paid the normal old fees you obviously see a delay because your transaction priority will be lower compared to others.

try switching to a wallet that gives you proper fee estimations all the time so you don't have to experience these types of issues.

This could lead to another blocklog if Antpool continue to do so. I remember when there was a split, the mempool suddenly encounter another issue as well which was traced to F2Pool mining empty blocks. This need to be resolved so not to cause another delay for those who have been doing transaction. So I don't know if this is intentional of the part of Antpool.

I guess the OP needs to wait before his transaction can be confirmed. I suggest used a wallet like Electrum that let's you set your own fees so that if you are in a hurry and wants it to be confirm on the next 5 blocks all you have to do is adjust the fee and you are good to go.

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October 01, 2017, 08:00:55 AM
 #7

It's normal for BTC transaction confirmations to take some time since you have to wait for a block to include your transaction, and a block is only mined (approximately) every ten minutes.

If you have set a fee of over 10 satoshi/byte (with a median sized transaction, about ten cents), you can expect your transaction to confirm in 1-2 hours.  If you increase this fee tenfold for priority transactions, you can expect confirmation in the next block.

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October 01, 2017, 08:51:44 AM
 #8

It's normal for BTC transaction confirmations to take some time since you have to wait for a block to include your transaction, and a block is only mined (approximately) every ten minutes.

If you have set a fee of over 10 satoshi/byte (with a median sized transaction, about ten cents), you can expect your transaction to confirm in 1-2 hours.  If you increase this fee tenfold for priority transactions, you can expect confirmation in the next block.
I've just checked on fork.lol and BCH has activated a DA (Difficulty Adjustment) and now every miner (OK, most of them) are on the BCH chain, they have produced 34 blocks for BCH and only 4 blocks for BTC since morning. As long as the price of BTC or BCH or the difficulty of BTC doesn't change  we can expect some backlog on the BTC chain and a raise in mempool.
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October 01, 2017, 08:54:45 AM
 #9

It completely depends on Blockchain mate  Roll Eyes
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October 01, 2017, 08:55:39 AM
 #10

Good news BTC!
The Financial Services Agency of Japan (FSA)
 has officially approved the activities of 11 crypto-exchange exchanges,
including bitFlyer, Zaif, Quoine, BitBank.
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October 01, 2017, 09:05:00 AM
 #11

Is Bitcoin processing going slows for anyone?
It's taking forever for a transaction to compete when I deposit.
The transaction you will perform quickly if you pay a high fee and vice versa it will be late if at a low fee.
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October 01, 2017, 09:11:36 AM
 #12

No problems at all for me. I made several transactions in the last 3 hours and they were all approved within 25 minutes, which happens to be fairly standard. I look forward to a day when it is instant though, as this feature will appeal to main stream users who expect instant transfers.
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October 01, 2017, 09:26:56 AM
 #13

all bitcoin transactions are all fast, if your large fee is definitely a quick transaction and if your fee is small the transaction is definitely slow. but this is just a matter of time fast and slow course, bitcoin you are safe and definitely go to the destination wallet.
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October 02, 2017, 09:20:35 PM
 #14

Another Difficulty Adjustment has happened on the BCH chain and now BTC chain is far more (2,26x) profitable for miners, so if the bitcoin transactions were slow, now they will speed up. Mempool has also getting smaller, from 15k of unconfirmed transactions we're back to 10k and still shrinking.
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