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Author Topic: Unconfirmed transactions || What is the reason?  (Read 410 times)
wel24
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December 09, 2017, 01:49:25 PM
 #21

Bitcoin is very popular now soo we will expect this happenings like unconfirmed transactions due to volume of send and recieve the blockchain  has problem for processing each transaction  but am sure it will be fine soon and im 100% sure for that esp when the time btc will be recognized to wholeworld.

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December 09, 2017, 02:12:50 PM
 #22

To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?

That is because of the price points were too high and many people want to buy BTC and Cash out. Even Ethereum nowaday has serious problem with transaction confirmation due to Kryptokitties.
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December 11, 2017, 04:21:29 PM
 #23

the number of stacked shipping requests that cause the system to run slowly, usually any increase in Well Unconfirmed transactions will take too long, or the fee is too small, try on the rise

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December 11, 2017, 04:24:15 PM
 #24

To be honest, i have never seen the network being so lazy when it comes on transactions. This is the first time for me to wait this much for a transaction to be confirmed after paying the recommended fees for it. There are more than 220k unconfirmed transactions in the network right now and increasing every second. Why are the transactions not getting confirmed? What is the reason for the network to get stuck this much?

Maybe scalability problem, maybe on purpose bitcoin casher attacks, maybe micro transaction attacks. We don't know. Hopefully, the miners stay high against this. The current fee is very high honestly.
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January 11, 2018, 03:48:19 PM
 #25

Circumstances occur that we make transactions far more than what we can and that also happens in Bitcoin. That is not something a hacker would do but might be due to your carelessness.
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January 11, 2018, 07:57:28 PM
 #26

Since Bitcoin prices and value is always moving, it can be typical to see other investors and traders who hold on to their btc, finding ways to secure them.
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January 13, 2018, 02:51:44 AM
 #27

probably because of the increase of bitcoin users, resulting in a disturbing transaction that is usually quick response so takes time
and this problem should not be considered trivial as there is a solution
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January 13, 2018, 06:07:20 AM
 #28

Unconfirmed transaction is mostly cause by a network congestion due to any peblem, recently crypro kitties make this problems posible. There is a solution in this kind of problems. Sometimes increasing gas is the only way to transact faster in any trade sites.

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January 17, 2018, 08:20:57 PM
 #29

You might have confused the movement of the prices in the market to unconfirmed transactions. Make sure you check them properly because I don't think Bitcoin allows them to be unconfirmed.
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January 31, 2018, 07:41:35 PM
 #30

When it comes time for unverified transactions to be done all must be verified good days wish.
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January 31, 2018, 07:59:28 PM
 #31

Honestly , I think that the high value of unconfirmed transaction is the biggest problem in Blockchain , as well, It is one of the reasons for the decreased price in this period.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.

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January 31, 2018, 08:08:51 PM
 #32

It seems like transactions are now sent much faster and fees have lowered. Although the Lightning Network is still in test phase on the test net, people are already using it, which devs are not so happy with. Because there still some work to do. Hopefully LN will be live soon and transactions will sent properly.

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January 31, 2018, 08:24:28 PM
 #33

The transaction times are slower for smaller amounts and if you don't pay the miners higher fees. The higher the fee you pay, the sooner your transaction should confirm. It seems Bitcoin works better for the larger amounts that are transferred. Litecoin seems to be a better choice for lower fees and is much faster when doing smaller transactions.

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January 31, 2018, 08:26:40 PM
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 #34

Honestly , I think that the high value of unconfirmed transaction is the biggest problem in Blockchain , as well, It is one of the reasons for the decreased price in this period.
On the other hand, I guess that the main cause of this problem is the overcoming of transaction in a small time, and that lead to rise in value of unconfirmed transaction. and hopefully that this problem will be solved soon.

This thread was opened at the height of bitcoin price surge, that's why the confirmation is very slow and the cost of transaction is very high. But if you are going to check it today, its down to around 50K unconfirmed tx.

https://blockchain.info/unconfirmed-transactions

It seems like transactions are now sent much faster and fees have lowered. Although the Lightning Network is still in test phase on the test net, people are already using it, which devs are not so happy with. Because there still some work to do. Hopefully LN will be live soon and transactions will sent properly.

I assumed that more and more bitcoin users are moving to Segwit wallet. Its much cheaper and tx are very quick. Although with the legacy address, its still cheap but not cheaper as Segwit address. And when LN is implemented this whole scalability problem will be resolved.

Quote
Which fee should I use?
The fastest and cheapest transaction fee is currently 180 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 40,680 satoshis.

https://bitcoinfees.earn.com/

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January 31, 2018, 09:01:30 PM
 #35

If you did have give enough fees then it will not get confirmed.



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