220k unconfirmed transactions

[hxo1997]

Yesterday I sent some bitcoins with over 200,000 unconfirmed transactions and it took only about 1 hour to have it credited, and this with a pretty low fee. So don't really look at the number of unconfirmed transactions

And no bitcoin isn't supposed to be an instant transaction method

You are lucky not sure what you did to get it confirmed and credited so fast but i have been waiting for 52 hours. I still dont have not even 1 confirmation on it. The weird thing is it keeps getting reset to zero like it is a new transaction being done. Now i am not the sender i am tje receiver of a payment. No im not going crazy it really does reset see referring number below.

b642003e63e38f8fd9eed9cd8252179c4101ada0e8583c75bc8f714f7af12371

I'm in the same situation with you

[Gleb Gamow]

Okay, our problem's solved. We've been doin' it all wrong ...

https://blockchain.info/tx/890842cceb473cccb5de2cf27a99227a483580924246f332b2c32dea438d0653

[hxo1997]

Really, it took all for the fee and this one have nothing left. If this is true when will i get confirmed   

[Hanablue]

Thats really terrible and heartbreaking. I wonder what is the solution of this shit. The same thing happened in ether network too.

[hxo1997]

Just wait and pray. Hope luck will come to us 

[PokerStein1]

Yes i can say about fee's are too high but i cant say yes to there is too much transactions on network , because every time i want to send my bitcoins i do not wait too much.

[pooya87]

A few years ago people were saying that one of the major benefits of Bitcoin is that you could send money anywhere in the world almost instantly and almost free. We can’t really say that anymore, at least right now.

I hav a transaction stuck for almost 2 days now. The number of unconfirmed transactions has been over 200,000 most of the last two days. Some people are saying it’s taking 4 day to get them confirmed.

sadly it is true.
it seems like all those idiots who were saying "bitcoin is not a currency and it should only be a store of value" are getting their wish. Steam (Valve) stopped accepting bitcoin recently because the fees are higher than the games they were selling!
i wonder how bitcoin is going to be worth when it stops being a currency for good and everyone switches to an altcoin! i wonder where those idiots are going to store their "value" then!

[hxo1997]

It has been a day and i cant see my transaction id on block cypher anymore but i can still see it on blockexplorer.
My transaction id:
6792d28f7dd0c212ef450c5e35920101b9c5903ed5f7bf828ca86afa2b9f9e4e
Any idea friends?

[GreenBits]

Hey everyone,

It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail. 

https://blockchain.info/unconfirmed-transactions

I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.

Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.

~yaking

LOL, we haven't had "almost instant transactions" since this thing started. Much faster confirmation times with this, but never as quick as certain other major alts that typically confirm in 30 seconds or less

This is people chasing the price, moving coins around to liquidate and ultimately, congesting the network. It's temporary, but is fueled when we give in to these high fees and raise them to use a coin. Don't do this! Would you pay extra to use a grid locked toll road? Or would you just take a different route?

[Gleb Gamow]

Hey everyone,

It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail. 

https://blockchain.info/unconfirmed-transactions

I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.

Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.

~yaking

LOL, we haven't had "almost instant transactions" since this thing started. Much faster confirmation times with this, but never as quick as certain other major alts that typically confirm in 30 seconds or less

This is people chasing the price, moving coins around to liquidate and ultimately, congesting the network. It's temporary, but is fueled when we give in to these high fees and raise them to use a coin. Don't do this! Would you pay extra to use a grid locked toll road? Or would you just take a different route?

FWIW, at least the US doesn't sell it toll roads to foreign nation states. Oh, wait ...

[cherryganda]

this is not crazy! bitcoin miner can only accomodate 4 transactions per second and people get crazy of the priize of bitcoin now and started to send bitcoin to wallet and exchangers just to get out of bitcoin and get FIAT! this is a phenomenon which no one want to be left behind thats why everone is trasferring to get a profit !

[virtualhero]

Hey everyone,

It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail. 

https://blockchain.info/unconfirmed-transactions

I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.

Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.

~yaking

Expect it everytime bitcoin pumps up very high, it will soon be fine it just need another fork for it to work out smoothly and neatly.

[Gleb Gamow]

I wonder how much of an impact of last week's episode of The Big Bang Theory contributed to the recent congestion since said episode was entirely based on Bitcoin.

[bitofc]

because even though segregated witness has been enabled, only about 10.27% of the transactions are segregated witness transaction.
This is likes your broadband service has been upgraded from 1MB to 4MB bandwidth, but you are still lazy to make a few clicks  to enable that. So you are still using 1MB, and complaining why it is still 1MB, when you can already use 4MB

[grumpy619]

now are that 170k) not much less. But im calm about this situation, everything will come back to normal work, we should wait. one months ago, when happended the situation with 50k transactions, i waited my payment 2 days with transaction fee 50$ and 3 hours with transaction 5 dollars.

[speem28]

Worry no less because they are sure trying to fix that as soon as possible so we can transact again smoothly. This is mainly because of the fact that the price of bitcoin is surging over these past few weeks and the Bitcoin network has experienced record high traffic resulting in longer confirmation times and higher fees transactions. I've also experienced this as well, although the delay is a little bit bothering, we can't do anything but to believe that it will all be fixed ASAP.

[moooonu]

These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.

[Xester]

Hey everyone,

It's crazy how many transactions are stuck at the moment I just saw some transactions worth $250 with a fee of almost $40!!
My transactions from 2 days ago with a fee of $5 still haven't confirmed it's pretty messed up, isn't bitcoin known for the almost instant transactions? right now the network is as slow as a snail. 

https://blockchain.info/unconfirmed-transactions

I hope the bitcoin hype will settle down soon so our normal bitcoin users can continue their business, right now it's very expensive to send transactions.

Have any of you guys have stuck transactions aswell or paid insane amounts fee? let me know i'm interested.

~yaking

That is kind of a problem as almost all transaction came from people who just wanted to convert thei btcoin.  I never had that ptoblem as of the moment.  Jus buying and earning more.  But as to the price and confirmed transacion I never encounter ther things.

[hatshepsut93]

I wonder how much of an impact of last week's episode of The Big Bang Theory contributed to the recent congestion since said episode was entirely based on Bitcoin.

Probably not much, the congestion is mainly caused by people who are cashing out, and economically it makes a lot of sense that they are paying some $50 fees, because they want to sell while the price is high, and since Bitcoin has spiked so much, people are now moving thousands of dollars worth with their transactions, so their fees are actually comparable to bank fees for similar amounts of value. But I don't think that congestion is caused by Bitcoin's exposure in mainstream media, including The Big Bang Theory, because when newcomers buy coins, they usually leave them on exchange.

[flower1024]

These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.

Yes this is the advantage for the miners and disadvantage for users. now many people do transactions because from last 1 week the price was high and now it is decreasing so people will convert BTC to other currencies. If this takes high fee plus late confirmation means people will scare to do the transaction. If it stuck in the network who will take care?