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Author Topic: how long does a transaction take to post - not receiving payments :/  (Read 1162 times)
shotgun
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July 30, 2011, 09:12:31 PM
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Simple question. So I have the OSX btc client running, and it's downloaded up to block 138846. I initiated a payout from Deepbit at 11am PST today and it still has not posted 3 hours later. I tried restarting the btc client as well. When I click the payment details button at deepbit it says "No such transaction" and when I look up my new wallet hash at BlockExplorer it says the wallet ID has been "Never used on the network".  This stuff all worked rather quickly when I was using mybitcoin for a wallet, but moving to a on-computer wallet seems to be a different experience.

How long should I expect this to take?

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anodyne
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July 31, 2011, 12:04:34 AM
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The transaction has probably been sent, but the reason you're not seeing it would probably mean that it has yet to be included in a block, and therefore can't be found through the payment information from blockexplorer.com. It also takes blockexplorer some time to update its database.

Mybitcoin listens to the network and shows bitcoins as received in the account before they are in blocks. You can locate pending transactions yourself by searching for your address here: http://bitcoincharts.com/bitcoin/

Normally it shouldn't take long for transactions to show up. If your client is online when the transaction is sent you'll often see it as "0/unconfirmed" after a few seconds (because the client listens for transactions that are broadcast over the network as well, but it may miss them sometimes), and it should be included in a block and getting confirmations soon after that – the actual time depends on the priority of the transaction and how busy the network is, but normally somewhere between 20 minutes and an hour for the average transaction.

But, there are exceptions, and sometimes you may be unlucky and have to wait a bit longer before the transaction is processed.

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July 31, 2011, 01:35:01 AM
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Yep, it's rather common for it to show up in your client after a few seconds.

The rule of thumb is to not worry about it until 24 hours after it was sent. If it doesn't have at least 1 confirmation then, you're allowed to panic.

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