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Author Topic: I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations  (Read 1182 times)
bjbear123 (OP)
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November 12, 2017, 04:38:39 PM
 #1

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

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November 12, 2017, 04:40:27 PM
 #2

Alot of people are having troubles in their transactions. Might be something wrong with the servers. Last I read 100K people are having issues. So it might take a day or two.
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November 12, 2017, 04:42:02 PM
 #3

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

This is the hard time for the bitcoin because the transaction fee is getting higher due to the less number of miners available but the transaction take sometimes i think atleast 6 hours to complete your trancation.
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November 12, 2017, 04:47:02 PM
 #4

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?
oh, I think what's wrong here Current btc prices are falling deeply, only about 6k so why the transaction fees so high. It should be the same as btc. In this time around, this is a worry in the implementation of the transaction.

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November 12, 2017, 04:48:38 PM
 #5

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

That had to be one big transaction for sure. This site https://bitcoinfees.earn.com, if not already known to you, may give you approx. time and cost per transaction.
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November 12, 2017, 04:51:28 PM
 #6

This is too bad many experience it and the worst is that the value of bitcoin drops which means we really incurred large amount when doing transactions. Bitcoin continie to crashed and we cannot help but experience this many says bitcoin cash has been supported by miners thats why it pump while tge other dump. I just hope it will recover soon so we can get back to normal transactions

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November 12, 2017, 05:04:01 PM
 #7

Due problems with scaling people will have problems with confirmation and with fees. I saw that yesterday and looks like its really happening. I don't plan to move my bitcoins, I don't plan to sell them for bitcoincash or for some other alt, this is time for holding. Price is 1.500$ down and until its go back and situation calm down I will not do anything.
Something is happening, this bitcoincash rise surprised me, some threads that miner's are moving from btc to bch is slowing down everything. But this can last forever, situation will calm down in next few daysz maybe a week.



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Rainbot
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November 12, 2017, 05:31:46 PM
 #8

A lot of miners have switched to mine BCH, ergo less miners = higher fees
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November 12, 2017, 05:41:44 PM
 #9

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

LOL... seriously? Guys, if this is true, then Bitcoin is royally fucked. I assume that the transaction contained a lot of dust, but I heard from one of my friends that he paid an astounding 1,111 Sat/Byte for his transaction. The tx fee is going up and up. Where is it going to stop? At 10,000 Sat/Byte?
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November 12, 2017, 05:50:19 PM
 #10

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?
I saw a post there he mentioned around 143k transactions not confirmed.My  1 transactions  still not confirmed.Already 24 hours gone.My another transactions just got 1 confirmation and I paid over 26$ transactions  fees.

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November 12, 2017, 05:57:17 PM
 #11

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?

You're playing into Bitmain's game. They switched to BCC and are spamming the BTC network to make it slower. People like you are paying a lot of money in fees for no reason. The only solution is to wait it out they won't keep their spam forever. If you send with normal fees that you'd pay 2 days ago, like $2 it will still get confirmed.
We are repeating the situation from 2 months ago.
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November 12, 2017, 06:00:48 PM
 #12

Bitcoin is currently mining less than 3 blocks an hour, which is why there are so many unconfirmed transactions.

BCH's difficulty adjusts tonight, so some of the hashrate might come back to bitcoin, in which case the transaction backlog will get cleared.

 
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November 12, 2017, 07:15:57 PM
 #13

A lot of miners have switched to mining bitcoin cash, since the bitcoin difficulity got harder in the last couple of days hence why the transaction are starting to get slow and they get unconfirmend and the fees getting higher, and with the hard fork that was supposed to take part starting tomorow being canceled all the hype behiend the high demand of bitcoin for the last couple of weeks was shut down, but i don't think that this will last, surely people will come back and we will start to see bitcoin clim back again.
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November 12, 2017, 07:18:20 PM
 #14

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?
I had a transaction stuck for almost a day. I posted a reply here and I got my 1st confirmation in about 20 mins:

https://www.reddit.com/r/Bitcoin/comments/7cebtu/unconfirmed_transactions_put_your_tx_in_reply_and/

I recommend to make a post here if your transaction is stuck, the guy is boosting them very fast.
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November 12, 2017, 07:42:35 PM
 #15

This is the hard time for the bitcoin.because less number of miners available.therefore  transaction fee is getting higher.this is not happened only for you ,A lot of people are having troubles in their transactions.
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November 12, 2017, 07:44:03 PM
 #16

2 hours is not long to worry
FrankNoland
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November 12, 2017, 07:51:30 PM
 #17

I payed $20 for a BTC transaction 2 hours ago, still 0 confirmations.. how long do you reckon it could take ?
I also made two transactions on Saturday and hasn't been confirmed, I am still waiting for the transaction to be confirmed. This is so unusual, transactions taking longer than 48 hours to confirm and high transaction fees. I also paid $13 transfer fee. I read this other article and they wrote that there is currently more $700 million worth of unconfirmed transaction with a total of 32MB I reckon.

Digital asset exchange for settlement, clearing, custody and trading of various digital assets, utilizing distributed ledger technologies, programmed on the blockchain -https://bex.global
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November 12, 2017, 08:17:57 PM
 #18

Lol,
I payed 0.038 btc fee unintetionally. Don't really know if the electrum is crap or what.
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November 12, 2017, 09:50:06 PM
 #19

Alot of people are having troubles in their transactions. Might be something wrong with the servers. Last I read 100K people are having issues. So it might take a day or two.
The network is under threat from all the competitors who are trying to destroy and scare people away from bitcoin,the network hash rash has gone down considerably as the miners are moving away from bitcoin and supporting bitcoin cash at the moment and there are huge transactions being done by Roger and these issues are testing the limits and raising the transaction fees to scare people away.
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November 12, 2017, 09:53:32 PM
 #20

Alot of people are having troubles in their transactions. Might be something wrong with the servers. Last I read 100K people are having issues. So it might take a day or two.
The network is under threat from all the competitors who are trying to destroy and scare people away from bitcoin,the network hash rash has gone down considerably as the miners are moving away from bitcoin and supporting bitcoin cash at the moment and there are huge transactions being done by Roger and these issues are testing the limits and raising the transaction fees to scare people away.

If it's so easy to disrupt Bitcoin this way then there isn't a future for it. If governments decided to attack Bitcoin then it would completely destroy it as they would have much more funding to attack with.
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