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Author Topic: 134k unconfirmed transactions now. I'm starting to get really worried about this  (Read 5669 times)
Sithara007
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November 12, 2017, 03:27:59 PM
 #81

Now it increased to 172912 unconfirmed transactions.

What a move to push Bitcoin cash and show the weakness of BTC, especially, after Segwit2x was called off. Not sure, if peoplel will fall for this. Hopefully, things will calm down soon.

Whether BCH benefits or not, the blame is on the core developers of Bitcoin. They were sleeping over this scaling issue for the past many weeks. I have heard about guys paying as much as 1,000 Sat/Byte to get their transactions confirmed. Very soon, the number of unconfirmed transactions is going to cross the 200K mark, and the average fee needed for instant confirmation will rise further, to the stratosphere.

Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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Mahirap
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November 12, 2017, 03:29:40 PM
 #82

This happens a little bit often some hodlers of bitcoin that want's to reveal Bitcoins's vulnerability when it comes to confirming transactions most of them set the transaction fee to the lowest for them to send alot of transactions so more and more unconfirmed transactions can be in into the blockchain network. this would be resolve just wait for the miners to confirm them all don't worry about this one. It's not even that serious.

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alyssa85
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November 12, 2017, 03:30:17 PM
 #83

I don't understand why the Core team arn't digging out their old miners and trying to mine bitcoin to get rid of the backlog. Sure they'd be mining at a loss, but isn't allowing the mempool to grow potentially more expensive in the long run?

felipe04
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November 12, 2017, 03:31:07 PM
 #84

Try to contact them if you have unconfirmed transactions then if they answer why that happen.Try what your going to do to confirm the transaction then if they not answer that do a complaints that all you can do if you experience like that and its money so you need to retrieve that so do everything to make it good

LeGaulois
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November 12, 2017, 03:33:33 PM
 #85

I made a transaction less than 24 hours ago and It has been credited within 1 hour. Anyway this scenario already happened and the same will happen, miners will come back to Bitcoin in 1 or 2 days. Not much to be worried about. There are surely lot of people selling their bitcoins in hurry right now.

bettor_earth
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November 12, 2017, 03:34:15 PM
 #86

That is just a signal, you guys better sell bitcoin quick or will crying in tear soon.

I am the person with very high connected with the group who are control the whole banking and bitcoin system.
The reason Bitcoin going to false and false quickly because of 2 reason:
1. The global money reset. There will be a brand new money system will replace the current one.
2. The environment, mining bitcoin is extremely harm the environment

If you want to know more about the Global Currency Reset, read this:
https://angelteam.wordpress.com/2017/11/05/100-truth-about-global-currency-reset

On the bright sight,
Bitcoin used to be cheap just like Zimbabwe money note now...

If you want to become rich, you just need to listen to me. Go buy a Zimbabwe note, there will be a group going to buy 1 million GBP per Zimbabwe note very very soon.

Remember Zimbabwe money note is very very limited and it all printed and finished long ago already.

Imagine there is a news on the media like that? Zimbabwe money note picture used to be laugh for the entire world will be brought back !!! And this time it is much much more fun and entertainment.

I highly recommended all of you going to buy Zimbabwe money note right now, or you will miss the once in lifetime, and this chance will never comeback again !!!

more information about this topic: https://angelteam.wordpress.com/2017/11/09/official-final-zimbabwe-money-note-exchange-guide-rate-and-more/

There is no any kind of donation or any kind of commercial on that blog.

Feel free to discuss

Regard,
Bettor Earth

https://angelteam.wordpress.com - Richest person
BrewMaster
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November 12, 2017, 03:36:06 PM
 #87

BCH difficulty will increase 400% in less than 20 hours according to https://fork.lol/pow/retarget so miners will switch back to mining bitcoin and the memory pool will clear. If you have a stuck transaction and paid an adequate fee it should confirm soon after that.
Well, if that's obvious, it's good, atleast some of miners will come back to bitcoin, even though I'm not sure that the difficulties adjustment in the bitcoin blockchain will come soon
even before the diffuclty of BCH adjusted and increase 400%, it's just matter of time then.

additionally it will come down to the price of bitcoin cash. they can not keep miners over there with a dropping price, they will leave and the chain will be fucked for a while before it adjusts the difficulty again.

and don't forget that since there are lots of blocks being mined there are that much new BCH coins being released to miners who will dump them and that causes a big sell pressure and can crash the price pretty nice.

lupinvn
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November 12, 2017, 03:41:35 PM
 #88

what the heck is going on?  https://blockchain.info/unconfirmed-transactions

They do this on purpose, intentionally. They try to show the vulnerability of bitcoin to make BCC strong.

People won't get fooled because of jihan wu's manipulative actions. Once again, we won't get fooled into your BCC garbage.

The community will maintain strong even in the bad days and bitcoin will born from its ashed like a phoenix!
I hope so, but do you think miners would come back to bitcoin like before? Maybe they just move to BCH for tomorrow fork and then go back? And why did they do that, I mean there are many miners who decided to move to BCH and that makes bitcoin dump so bad.
sqid
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November 12, 2017, 03:43:52 PM
 #89

BCH difficulty will increase 400% in less than 20 hours according to https://fork.lol/pow/retarget so miners will switch back to mining bitcoin and the memory pool will clear. If you have a stuck transaction and paid an adequate fee it should confirm soon after that.
Well, if that's obvious, it's good, atleast some of miners will come back to bitcoin, even though I'm not sure that the difficulties adjustment in the bitcoin blockchain will come soon
even before the diffuclty of BCH adjusted and increase 400%, it's just matter of time then.

Don't think it is that easy.   I understand that BCH ghas a fork tomorrow to readjust their difficulty settings.   Muth@#$%^&^ers.  Bitcoin doesn't have an adjustment scheduled for a couple of weeks, we just had one.

Just have to wait this one out.   Does any one remember the TV show 'Dad's Army' -   
                                              "Don't panic"!
sqid
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November 12, 2017, 03:46:01 PM
 #90

That is just a signal, you guys better sell bitcoin quick or will crying in tear soon.

I am the person with very high connected with the group who are control the whole banking and bitcoin system.
The reason Bitcoin going to false and false quickly because of 2 reason:
1. The global money reset. There will be a brand new money system will replace the current one.
2. The environment, mining bitcoin is extremely harm the environment

If you want to know more about the Global Currency Reset, read this:
https://angelteam.wordpress.com/2017/11/05/100-truth-about-global-currency-reset

On the bright sight,
Bitcoin used to be cheap just like Zimbabwe money note now...

If you want to become rich, you just need to listen to me. Go buy a Zimbabwe note, there will be a group going to buy 1 million GBP per Zimbabwe note very very soon.

Remember Zimbabwe money note is very very limited and it all printed and finished long ago already.

Imagine there is a news on the media like that? Zimbabwe money note picture used to be laugh for the entire world will be brought back !!! And this time it is much much more fun and entertainment.



I highly recommended all of you going to buy Zimbabwe money note right now, or you will miss the once in lifetime, and this chance will never comeback again !!!

more information about this topic: https://angelteam.wordpress.com/2017/11/09/official-final-zimbabwe-money-note-exchange-guide-rate-and-more/

There is no any kind of donation or any kind of commercial on that blog.

Feel free to discuss

Regard,
Bettor Earth


ROGER -  Just give me a break!!!
Cheesy
bpcommunity
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November 12, 2017, 03:50:55 PM
 #91

Wow now the count is at almost 174k unconfirmed transactions... seems like many will loose faith in bitcoin and move to other coins....
Yeah!, This is a really worrying issue
aso118
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November 12, 2017, 03:54:24 PM
 #92

BCH difficulty will increase 400% in less than 20 hours according to https://fork.lol/pow/retarget so miners will switch back to mining bitcoin and the memory pool will clear. If you have a stuck transaction and paid an adequate fee it should confirm soon after that.
Well, if that's obvious, it's good, atleast some of miners will come back to bitcoin, even though I'm not sure that the difficulties adjustment in the bitcoin blockchain will come soon
even before the diffuclty of BCH adjusted and increase 400%, it's just matter of time then.

additionally it will come down to the price of bitcoin cash. they can not keep miners over there with a dropping price, they will leave and the chain will be fucked for a while before it adjusts the difficulty again.

and don't forget that since there are lots of blocks being mined there are that much new BCH coins being released to miners who will dump them and that causes a big sell pressure and can crash the price pretty nice.

The price does have a big role to play implies that those with the money bags will call the shots. If you manage to pump up the price, it will attract miners and the other branch will struggle to find blocks. The money definitely seems to be on the side of bitcoin cash.

SynAck
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November 12, 2017, 03:54:54 PM
 #93

Wow now the count is at almost 174k unconfirmed transactions... seems like many will loose faith in bitcoin and move to other coins....
Yeah!, This is a really worrying issue

Most of the people I know switched to BCH alerady, I am pondering that move too... Can't put my faith in bitcoin anymore, sure some say this happened in the past etc etc, but still its my finances in the game and I dont think it's wise to risk everything on "it happened before and it will pass this time too"...

Nullum Crimen Sine Lege.
buwaytress
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November 12, 2017, 03:58:38 PM
 #94

Wow. Seriously. I have never seen so many Bitcoin Cash shills in my short time on this forum. Anyway, I somehow feel a lot better about myself (purely psychological, of course) to see the outlandish accusations. Bitcoin the crypto bank. The stash of crypto gambling. Why core doesn't just step in to fix the mempool.

Funny that so many of them take the trouble to create new accounts to say their mind. They do realise this is an open forum where everyone is free to air opinion right?

Funnier still, when they finally decide to cash out their Bitcoin Cash, they're going to have to buy Bitcoin to fiat it out anyway.

Anarc Senior
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November 12, 2017, 03:59:35 PM
 #95

That is just a signal, you guys better sell bitcoin quick or will crying in tear soon.

I am the person with very high connected with the group who are control the whole banking and bitcoin system.
The reason Bitcoin going to false and false quickly because of 2 reason:
1. The global money reset. There will be a brand new money system will replace the current one.
2. The environment, mining bitcoin is extremely harm the environment

If you want to know more about the Global Currency Reset, read this:
https://angelteam.wordpress.com/2017/11/05/100-truth-about-global-currency-reset

On the bright sight,
Bitcoin used to be cheap just like Zimbabwe money note now...

If you want to become rich, you just need to listen to me. Go buy a Zimbabwe note, there will be a group going to buy 1 million GBP per Zimbabwe note very very soon.

Remember Zimbabwe money note is very very limited and it all printed and finished long ago already.

Imagine there is a news on the media like that? Zimbabwe money note picture used to be laugh for the entire world will be brought back !!! And this time it is much much more fun and entertainment.

I highly recommended all of you going to buy Zimbabwe money note right now, or you will miss the once in lifetime, and this chance will never comeback again !!!

more information about this topic: https://angelteam.wordpress.com/2017/11/09/official-final-zimbabwe-money-note-exchange-guide-rate-and-more/

There is no any kind of donation or any kind of commercial on that blog.

Feel free to discuss

Regard,
Bettor Earth

Oh no you are trolling here too ?

Who the f***k are you to troll this forum spreading fault information and trying to scam people ?

Name one person in connection that you know ? Roger Ver ? ha ha .

Has it occured to you that this kind of language sounds really bad and most normal English speaking people could recognize you right away ??   "I am the person with very high connected with the group who are control the whole banking and bitcoin system"

By the way your name should be "Better Earth" not "Bettor Earth" you idiot !!


raazad
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November 12, 2017, 04:02:17 PM
 #96

i also have one unconfirmed transaction on coinbase.
Cotter-Mining
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November 12, 2017, 04:11:59 PM
 #97

Wow now the count is at almost 174k unconfirmed transactions... seems like many will loose faith in bitcoin and move to other coins....

I have, I am a small-time miner that is in it for profit, will bills coming up I need trade bitcoin to a fiat to get cash. With this uncertainty that my bitcoin will  be stuck for weeks I have switched from mining at nicehash to other pools that pay to a exchange wallet, I will then convert Zcash, BCH, and XMR to Litcoin or ether and maybe buy the pump. But in reality it is the only way to get cash out of the market for bills and other cost. It will better the altcoin market to a fair value after all the negative news and panic sale that have happened this year

With 174k unconfirmed transaction and 3 blocks to 2 a hour, that queue will just keep growing, there no FIFO, it is based on a fee market, high fees win which means less profit for me, and I also don't have the time to waste on waiting, already $450 down the drain that be $200 if and when I get it.
Variogam
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November 12, 2017, 04:16:25 PM
 #98

Bitcoin is mostly usefull as speculation investment only, so once people stop using Bitcoin excessively, then Bitcoin investors can send their coin to exchange once in a while without any drama of confirmation times again.
MarioLuck990
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November 12, 2017, 04:17:14 PM
 #99

And this is what happen in a Centralized system, I hope you started realizing what BTC and every other clone of it really is.

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SynAck
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November 12, 2017, 04:19:08 PM
 #100

And this is what happen in a Centralized system, I hope you started realizing what BTC and every other clone of it really is.
^^ +1

Nullum Crimen Sine Lege.
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