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Author Topic: 134k unconfirmed transactions now. I'm starting to get really worried about this  (Read 5715 times)
bitcoincollector03
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November 12, 2017, 01:40:26 AM
 #21


Miners move to what is profitable. So we have less miners now in btc and blockchain priotize only those who paid more transaction fee.

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November 12, 2017, 02:31:57 AM
 #22

And the chorus is still singing " bitcoin is decentralized, come join the revolution" lol
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November 12, 2017, 02:59:22 AM
 #23

Actually seeing that some people can manipulate the market this way is very disappointing.
It looks like much worse than fiat currencies, where we are in the willing of central government banks and big financial institutions.
Here we are in the hands of a bunch of miners?
I thought the cryptocurrency world was something different.
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November 12, 2017, 03:07:45 AM
 #24


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.

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November 12, 2017, 03:13:33 AM
 #25

transferred bitcoin from coin base to brittrex, been 6 hours, still pending... this looks scary.. huge backlog..

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November 12, 2017, 03:21:30 AM
 #26


Like people are saying it's all out attack on Bitcoin, we all know who is up to it too if you follow the tracks. They wanted SegWit2x for a complete take over of Bitcoin now they're trying to sway away influence from the real Bitcoin to Bitcoin Cash since all of their fingerprints all over that one.

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November 12, 2017, 03:26:40 AM
 #27

OMG if this unconfirmed transaction reaches into half a million and so on

Then many people will loose confidence in bitcoin.

This is bad. we better switch to other coins. stay away from btc as of the moment

137 K unconfirmed transaction and increasing  too fast!!!

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November 12, 2017, 03:47:31 AM
 #28

Quick question, how long does it take to process a transaction with current level of unconfirmed transactions?   

it's being mined at about one block per hour, and one block handles around 2K transactions.  So with 100K  transactions backlogged, you can expect that to be about 50 hours.

if by "it" you are referring to bitcoin then you are mistaken. there are still the same 5-6 blocks per hour on average which is 1 every 10 minutes being mined. there was a gap about an hour ago which is normal and apart from that things were "near normal" meaning there are still 5-6 blocks being mined every hour like always with some drops in total daily. maybe 10-15 less out of 144.

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November 12, 2017, 03:57:01 AM
 #29

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.

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November 12, 2017, 04:15:23 AM
 #30

Quick question, how long does it take to process a transaction with current level of unconfirmed transactions?   

it's being mined at about one block per hour, and one block handles around 2K transactions.  So with 100K  transactions backlogged, you can expect that to be about 50 hours.

if by "it" you are referring to bitcoin then you are mistaken. there are still the same 5-6 blocks per hour on average which is 1 every 10 minutes being mined. there was a gap about an hour ago which is normal and apart from that things were "near normal" meaning there are still 5-6 blocks being mined every hour like always with some drops in total daily. maybe 10-15 less out of 144.

 By default bitcoin is supposed to release the hash and the block is mined as long as it is mathematically correct, you are right that is not always the case. I am a miner with about 6 machines, through this dilemma I was paid by nicehash. .048 bitcoin at the time of pending the value was $350 which is going down in value with every hour it sits limbo. so the ? is how long, it took over a week for the last one I had happen and the pool of unconfirmed was only 35000 transactions, maybe a few weeks if blocks are found with what is going on the the crypto world.

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November 12, 2017, 04:20:03 AM
 #31

You mean all your BTC is frozen now? Even with all those hype transactions BCH is fast as shit.
It didnt take half an hour to have a small amount transferred from Poloniex to Bitfinex, fully confirmed and ready to go.
Though the fee still was more than I expected.
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November 12, 2017, 04:42:14 AM
 #32

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


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November 12, 2017, 04:50:26 AM
 #33

Don't panic, it's just couple of groups that has special agenda on their hands. In the past we have seen more transaction spikes because some people are testing the blockchain if I remember correctly. When the BCC drama has ended, I'm pretty sure that Bitcoin is going to grow further.

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November 12, 2017, 05:04:46 AM
 #34

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.

Thanks for this.
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November 12, 2017, 05:16:06 AM
 #35

All switches or transactions from BTC to BCC will add to more unconfirmed transactions.
It is nice if your BTC is in the trading platform but what if your BTC is in your wallet, how can you switch?

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November 12, 2017, 05:20:26 AM
 #36

everyone get out from abandoned bitcoin boat , and join into bitcoin cash rocket ..
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November 12, 2017, 05:27:08 AM
 #37


We've been there many times before. We even had over 200k pending transactions and did it even make Bitcoin crash? Significantly no. It seems that some are attacking Bitcoin's weak spot at the moment in order for some people to find an alternative. Bitcoin had overcame this struggle before and it will do it again.





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November 12, 2017, 12:01:37 PM
 #38

2 days without confirm, maybe someone can help

https://blockchain.info/tx/470eed8c0118e02d8b3accec1a3b041fb32683496f7cf33e33234a29d29e2fbf
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November 12, 2017, 12:09:17 PM
 #39


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.

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November 12, 2017, 12:12:33 PM
 #40

Unconfirmed transactionsa re down to 16.000 but this is still a lot. They need to increase the block size one day before this problem damages the trust in BTC.
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