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Author Topic: 134k unconfirmed transactions now. I'm starting to get really worried about this  (Read 5721 times)
gentlemand
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November 12, 2017, 12:38:52 PM
 #41

It could be other parties than "the creators of BCH", could be governments or other officials ... so many of them don't like Bitcoin so it doesn't sound like this is going to get fixed unless something major is going to happen.

Look for who benefits, who can afford it and who has the ability.

All of the above point to Jihan Wu and friends and pretty much no one else.

Governments have much more important things to do and I believe Bitcoin can kill itself without state intervention.

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chuckblocker
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November 12, 2017, 12:55:46 PM
 #42


That's bad.
You sent a BTC transaction 2 days ago with a fee of $5 approx. and it hasn't been confirmed yet.

We don't recall seeing something like this in the past.
Bitcoin is in big trouble.


Yes, It sucks badly. I actually use btc for work making small payments to shops, receiving small payments. Now blockchain is asking for 1000/sat fee which is like 14$. Hope will improve but don't feel like it tbh.

Might be good for investors who are holding but us guys who just transfer/cashout/use with normal 50-500$ ammounts are getting shafted.
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November 12, 2017, 01:03:29 PM
 #43

Now blockchain is asking for 1000/sat fee which is like 14$. Hope will improve but don't feel like it tbh.  

Whoa!!!!

$14 for a single transaction? Now that is crazy. 1,000 Sat/Byte is the highest ever fee recorded in the 8 years of history of Bitcoin (if I am not wrong). No wonder that the exchange rates are down by almost 20% and Bitcoin Cash is now trading at $1,500 per coin (from $300 per coin a few days back).

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November 12, 2017, 01:06:35 PM
 #44

Most people are aware of the BCH pump

If you checked on the Blockchain Hashrate

We can clearly see that the Hashrate of Bitcoin from 11M is now 5.4M

More than 50% Of the Hashrate were flew to BCH hmm
The hashpower movement is a red flag for me that there is some dirty playing going on here. Whatever is going to happen in the future is real dirty.
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November 12, 2017, 01:08:17 PM
 #45

I made two ETH to BTC buy transactions today over the Exodus wallet/exchange, smooth as a baby's bottom! Cool

Sometimes I wonder if all these crybabies are for real, or paid bots!
jacobmayes94
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November 12, 2017, 01:13:27 PM
 #46


That's bad.
You sent a BTC transaction 2 days ago with a fee of $5 approx. and it hasn't been confirmed yet.

We don't recall seeing something like this in the past.
Bitcoin is in big trouble.


Same thing happened to me, a 5 USD equiv fee which took 24 hours. A week ago, a 8 USD fee which took 8 hours to confirm. Me and my clients have had enough of the high fees.

It is in trouble, and i cannot bury my head in the sand, i was recieving payments in BTC from clients and business customers for the past two years from across the world, we have now moved to NEM/Litecoin, as I cannot take the volatility in price nor this endless high fee with nothing serious being done to address it, many people wanting prices to go up/down to benefit THEM, at the expense of the currencies utility and endless debates and arguing with nothing done, even the segwit implementation did very little thus far. This is not unlike the dotcom boom, in its current state, its viable for nothing more than digital gold. I mine a bit, but for the most part, i use it as it was intended, a digital payment system which worked well from across the world, its even cheaper for us to use PayPal at the moment for our TX sizes. Increasing the block size isn't enough. Imagine a whole towns worth of transactions every second. This would choke the Bitcoin network even with huge blocks, now try and expand that globally. Yes, there is serious trouble. And this isn't FUD, for me a drop in price is not good given the fact I make from GPUs to pay for the winter heating and a bit extra, for me a drop in price isn't beneficial, but how long can everything run on hot air and mania for? There needs to be solid steps for its PRACTICAL utility as a currency, or it will forever be a store of digital gold, and i would rather own physical gold and silver over a digital version, as you have something thats tangible.

You have people selling their HOUSES, their security that they OWN and taking out second mortgages to get on this train. If that isn't mania, I do not know what is. Even if i had a 99% chance of a profit, i would NEVER gamble that roof over my head, that security where if i owned no rent to pay, no risk of losing my home, that comfort and security is worth too much to me, but people ARE gambling this. I saw someone trying to get a £5k loan on here to get onto the mining train.

I will admit, i cashed out around £10k to help me move to this city and set up here with my partner and a business. I missed out on £50k had I held which is a bit of a bummer. But do i hold regrets? No. I have stability in my life and not uncertainty, an amazing home with my partner, and I have been expanding my reach for my meditation and spiritual seeking group too, keeping a balance. raw cash alone will not be enough to lure me in, im perfectly content with my life.

Don't get greedy. I have been investing a bit per month into digital currency, but its not gambling what i cannot afford to lose, but to see where it goes. I do not spend all day on a forum endlessly speculating, nor getting red-eyed in front of charts all day, its not healthy for the mind, and creates apathy. I even see people gloating on forums like this when the prices rise/falls, apathy to the fact that some lost for their gains. Apathy to those outside of the cryptoland, its addiction and is not unlike a gambling problem, hence why I took some time out from the digital currency world to balance myself, the mental health improvement has been worth more than £40k. Seeing the world, seeing my friends, spiritual meditation and channeling groups, seeking.

Thats been worth it, but I am also into IT as a hobby and therefore am mining a bit with GPUs with the power cost negated by the need to heat, investing a few quid a week into currencies like NEM, and seeing where the wind takes me. Everyones path is sacred to them however, whatever they chose. But this is my stance on the current state of Bitcoin, and thus direct much energy to trying to improve the world at large as endlessly speculating will do nothing, everyone i see is waiting for change, rather than looking within to help it be expressed.

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November 12, 2017, 01:15:13 PM
 #47

Most people are aware of the BCH pump

If you checked on the Blockchain Hashrate

We can clearly see that the Hashrate of Bitcoin from 11M is now 5.4M

More than 50% Of the Hashrate were flew to BCH hmm
The hashpower movement is a red flag for me that there is some dirty playing going on here. Whatever is going to happen in the future is real dirty.

A few hours ago, I read that right now it is much more profitable to mine Bitcoin Cash when compared to Bitcoin. So this migration of hash power doesn't surprise me much. After all, the miners are money minded like you and me. If by changing a few lines of code they can earn 20% or 25% more, then why should they refrain from doing that?

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November 12, 2017, 01:18:35 PM
 #48

it's made by concrete aim - destabilize the system, of course. Ppl try to make transactions successfully therefore increasing the amount of comission up to 20$. It's disgusting!  Lips sealed It shows the disadvantage of technology.

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gentlemand
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November 12, 2017, 01:21:18 PM
 #49

The hashpower movement is a red flag for me that there is some dirty playing going on here. Whatever is going to happen in the future is real dirty.

The dirty play is the BCH pump to tempt Bitcoin miners. Most Bitcoin miners are so mindless they don't know what they're mining. They just switch automatically between whatever provides the most cashola that particular second.

All you have to do to hijack them is lure them away with more profit. That's why I don't see how two major SHA256 coins can exist in the long run without making both intolerable to use.

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November 12, 2017, 01:22:49 PM
 #50

A few hours ago, I read that right now it is much more profitable to mine Bitcoin Cash when compared to Bitcoin. So this migration of hash power doesn't surprise me much. After all, the miners are money minded like you and me. If by changing a few lines of code they can earn 20% or 25% more, then why should they refrain from doing that?
The big miners are certainly playing a factor here ,they just pumped the bitcoin cash to unprecedented levels and now we saw a good correction in that too,the mining hash rate is really low for bitcoin in the past few days and so is the reason the network is stagnated and the amount of unconfirmed transaction keeps on increasing and thereby the transaction fees.














 

 

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Get-Paid.com
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November 12, 2017, 01:23:25 PM
 #51

I made two ETH to BTC buy transactions today over the Exodus wallet/exchange, smooth as a baby's bottom! Cool

Sometimes I wonder if all these crybabies are for real, or paid bots!

We run Get-Paid.com - since 2008, we pay users incentives to complete offers.
We paid one of our users 2 days ago with a fee of $0.70 as suggested by Blockchain system:

https://blockchain.info/tx/cf912968ebc5373e6393be5c7819a1ddee93e4b763e2c4c7f2e529a0c4a01c87

It hasn't been confirmed yet.

Do you think we have nothing else to do other than write all this?
It's a serious issue.

Get Paid in BTC For Watching Videos, Clicking on Ads, Completing Offers And More @ Get-Paid.com

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webvn2k
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November 12, 2017, 01:25:06 PM
 #52

something happen with miner ,   sell or buy so long time  3 days ,  i think a reason bitcoin cash with support of miner   .
jacobmayes94
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November 12, 2017, 01:29:15 PM
 #53

I made two ETH to BTC buy transactions today over the Exodus wallet/exchange, smooth as a baby's bottom! Cool

Sometimes I wonder if all these crybabies are for real, or paid bots!

We run Get-Paid.com - since 2008, we pay users incentives to complete offers.
We paid one of our users 2 days ago with a fee of $0.70 as suggested by Blockchain system:

https://blockchain.info/tx/cf912968ebc5373e6393be5c7819a1ddee93e4b763e2c4c7f2e529a0c4a01c87

It hasn't been confirmed yet.

Do you think we have nothing else to do other than write all this?
It's a serious issue.


It is a serious issue, as i stated above, it is negating Bitcoins utility as a payment system.
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November 12, 2017, 01:30:51 PM
 #54

https://blockchain.info/charts/avg-block-size

People wanted seggy weggy and they don't use it.

Hence unconfirmed txs goes up, so do fees.

Seggy weggy doesn't help at all at the moment.  Grin Grin Grin

Because no one trust it, except for the derps.

Bitcoin cash has no problem.

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November 12, 2017, 01:34:05 PM
 #55

I did post about a potential on here for starting up a crypto based grocery store, and on many other places. Interest was next to zero, I did market research to find no one wanted it, and thus I ended up doing another business. I had a vision for practical USE of the currency to buy and deliver non perishable food and shopping parcels to peoples homes with bitcoin, but market research found little interest to those in the Bitcoin world, nor outside of it, hence I bailed, it did not pass the feasibility study at that time.
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November 12, 2017, 01:51:59 PM
 #56


I thought i was the only few who have a delay of transaction confirmation. Its already a day ago when i sent my transaction and still i only got 0 confirmation :/ I hate miners they are manipulating again and choosing only who had better fees. Is it time to panic now? i know this is some of the hard time struggle.
This kind of problem is normal in a decentralized sytem. It can be manipulated by someone else. But I still believe in bitcoin that it will recover from this kind of problem because its still the preffered cryptocurrency of newbies or new to this kind of technology.

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November 12, 2017, 01:59:48 PM
 #57

It's not a SPAM attack as usual?

It happened in the past before, and lasted quite long.

I'm a bit worried but not too much.

Idea is not to cash out the BCH dividend but keep it in hand, so you can sleep well in case of any of them wins.

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November 12, 2017, 02:04:59 PM
 #58

https://blockchain.info/charts/avg-block-size

People wanted seggy weggy and they don't use it.

Hence unconfirmed txs goes up, so do fees.

Seggy weggy doesn't help at all at the moment.  Grin Grin Grin

Because no one trust it, except for the derps.

Bitcoin cash has no problem.

Who are those "people" who wanted Segwit2x?
Who decides if it's allowed or not?

If you can't answer these questions then Bitcoin is truly centralized and not decentralized.

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November 12, 2017, 02:09:00 PM
 #59

Dont quite know whats happening around you see bitcoin flashing around $6000 again and with this lot of unconfirmed transactions. Moreover BCH emerging as a very big competitor. I really cant understand what is happening to bitcoin. Are these some after effects of abandoning segwit2x?
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November 12, 2017, 02:11:31 PM
 #60

is there any graph showing the number of unconfirmed transactions over time over the pasts?

http://188.68.53.44/

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