transaction that took too long, RESOLVED, thanks to everyobody for the support.

[DeathAndTaxes]

Thanks for the clarification D&T

so the 6 (or you say 7) tps is a theoretical limit without a hard fork to increase blocksize and we aren't there yet

Yes I think 6 or 7 overstates it though.  The actual limit is 1MB.  Average tx is ~400 bytes so that is 1000 KB /0.4 = 2500 tx per block.   600 seconds per block; 2500 / 600 = 4.2 tps.

Still we are running roughly 10% of that right now.

[1714275816]

1714275816

[btcfre@k]

this is the  kind of thing that will kill bitcoin

You mean selfish people who refuse to pay a four-penny transaction fee? Nah, it'll just (hopefully) weed out selfish people who refuse to pay a four-penny transaction fee.

its been more than a year that use mtgox and pay fees ,i changed to blockchain a month ago.stop spittin hatered

[jojo69]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

[Remember remember the 5th of November]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

Maybe, maybe not. It's luke that is filtering address re-use, and maybe other miners as well.

[jojo69]

yeah, I saw where he and eleuthria were kind of arguing over that, BTCGuild is NOT filtering at this time

[DeathAndTaxes]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

Maybe, maybe not. It's luke that is filtering address re-use, and maybe other miners as well.

Come on use some logic.  There are 6 blocks per hour.  OP reports it has been 12 hours that is 72 blocks.  Lets be generous and say 20% of those are filtering that is ~60 blocks mined by miners who are not filtering.  Still think it is due to filtering? 

Also the filtering simply limits the OP to one re-use tx from the same address per block. Does the OP have 72 re-use txs in the last 12 hours?
Still think it is due to filtering? 

[Remember remember the 5th of November]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

Maybe, maybe not. It's luke that is filtering address re-use, and maybe other miners as well.

Come on use some logic.  There are 6 blocks per hour.  OP reports it has been 12 hours that is 72 blocks.  Lets be generous and say 20% of those are filtering that is ~60 blocks mined by miners who are not filtering.  Still think it is due to filtering? 

Also the filtering simply limits the OP to one re-use tx from the same address per block. Does the OP have 72 re-use txs in the last 12 hours?
Still think it is due to filtering? 

Maybe not, but luke was usually the generous miner, allowing transactions without fees, even small ones. But he filtered OP's transaction, that leaves with the rest of the players, who are probably not including due to the fee not being there.

[Rez]

this is the  kind of thing that will kill bitcoin

You mean selfish people who refuse to pay a four-penny transaction fee? Nah, it'll just (hopefully) weed out selfish people who refuse to pay a four-penny transaction fee.

its been more than a year that use mtgox and pay fees ,i changed to blockchain a month ago.stop spittin hatered

Then you should know the importance of making sure a transaction fee is included.

[DeathAndTaxes]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

Maybe, maybe not. It's luke that is filtering address re-use, and maybe other miners as well.

Come on use some logic.  There are 6 blocks per hour.  OP reports it has been 12 hours that is 72 blocks.  Lets be generous and say 20% of those are filtering that is ~60 blocks mined by miners who are not filtering.  Still think it is due to filtering? 

Also the filtering simply limits the OP to one re-use tx from the same address per block. Does the OP have 72 re-use txs in the last 12 hours?
Still think it is due to filtering? 

Maybe not, but luke was usually the generous miner, allowing transactions without fees, even small ones. But he filtered OP's transaction, that leaves with the rest of the players, who are probably not including due to the fee not being there.

Well no the filtering merely limits it to 1 tx per block. So the OP could have had 12+ tx go through just on Luke's pool in the last 12 hours.   Once again still think it is due to filtering?  The answer is no unless you want to spread FUD in face of obvious logic.

[bbit]

Nobody is spending BTC that is the issue that I think will kill it! 

[Remember remember the 5th of November]

yeah, lighten up, he just screwed up

I doubt your coins are gone OP, but it might take a while to clear up, hopefully someone can clarify that

Maybe, maybe not. It's luke that is filtering address re-use, and maybe other miners as well.

Come on use some logic.  There are 6 blocks per hour.  OP reports it has been 12 hours that is 72 blocks.  Lets be generous and say 20% of those are filtering that is ~60 blocks mined by miners who are not filtering.  Still think it is due to filtering? 

Also the filtering simply limits the OP to one re-use tx from the same address per block. Does the OP have 72 re-use txs in the last 12 hours?
Still think it is due to filtering? 

Maybe not, but luke was usually the generous miner, allowing transactions without fees, even small ones. But he filtered OP's transaction, that leaves with the rest of the players, who are probably not including due to the fee not being there.

Well no the filtering merely limits it to 1 tx per block. So the OP could have had 12+ tx go through just on Luke's pool in the last 12 hours.   Once again still think it is due to filtering?  The answer is no unless you want to spread FUD in face of obvious logic.

It's quite possible luke changed the rules on his pool. He is free to do whatever he wants without letting us know, so there you have it.

[btcfre@k]

this is getting to technical .will the bitcoin comes to the destination adress yes or no?and if no are the y lost?

[lindatess]

A lot of old timers are used to sending transactions fee free. That's going to be a problem. Furthermore, the whole idea of using bitcoin is for reduced transaction fees. Why wouldn't people use something else instead? Well, they are, for anyone who has been living under a rock.  PerfectMoney, SolidTrustPay, Payza, EGOPay, Paypal, Western Union and more.

If you think it will go mainstream, think again, 1 million transactions a day. The block size would be huge. It's going to break something along the way. Then the miners will eventually end up with another problem, "too big a blockchain to fit an average HDD".

Western Union conducts 2.5 million transactions a day. According to the blockchain size the maximum transactions per day should be 360000. So shouldn't we go back and look at this chart and revalue bitcoin as $100 as it can only capture 10x less market share?.

http://www.fool.com/investing/general/2013/11/17/bitcoin-bubble-or-value.aspx

$100 price target sounds about right considering it can't capture the market.

Some people state that consider the transaction fees on bitcoin are 10x less than traditional means. This means they can only earn 10x less revenue. The price target is now $10. These are good valuation methods proven by "value investors" such as Warren Buffet, undoubtedly also fool.com.

Anyway, back to the fees issue:

How would you know what to price the transaction fee at if it keeps changing? Maybe someone can create a calculator but it's going to have to happen in real-time. The idea of buying a 8 yuan beer with a bitcoin is going to get really expensive especially if you have to add on a transaction fee. I wonder how that business is coping, it was on the news recently if anyone remembers. Will the business owners wait 9 hours to receive their money when it takes less than a minute to chug down a beer?

[Rez]

Nobody is spending BTC that is the issue that I think will kill it! 

Bitcoin is still "in beta", though.

The volatility will continue to be an issue.

[Rez]

this is getting to technical .will the bitcoin comes to the destination adress yes or no?and if no are the y lost?

You'll probably get them eventually. "When" is the question.

[bbit]

Nobody is spending BTC that is the issue that I think will kill it! 

Bitcoin is still "in beta", though.

The volatility will continue to be an issue.

Agree. There would be no reason to spend Bitcoins if its worth $900 dollars one day and $1,500 another.

[jojo69]

I think offchain transaction aggregators will spring up to solve the blocksize issue and deal with small transactions

for buying houses/cars/boats, yeah, you pay your fee and go directly on the chain

http://www.youtube.com/watch?v=cZp7UGgBR0I

[BurtW]

Your transactions:

https://blockchain.info/tx/b232a1dded76bed3c73bb5b04ac74ad9a052add559b65d881d9fa9ac5d55388c

NO FEE, Estimated Confirmation Time    7 hours (queue position 2047)

https://blockchain.info/tx/cb8a0828b5683112b343a9b6caf5078e58f01aa2083f1886db692ca147da6ea4

0.0002 FEE, Estimated Confirmation Time    22 hours (queue position 3896) AND spending an unconfirmed input

https://blockchain.info/tx/b1c20b947fb4b6c8104c206eb8818922c7efeff93c142157b4e2d399150ff7e7

0.0001 FEE, Estimated Confirmation Time    24 hours (queue position 3382) AND spending an unconfirmed input

https://blockchain.info/tx/c590fc8729bc11f92996a6d9089cbe090847a5167a69cbc0055e024af26e0de3

0.0001 FEE, Estimated Confirmation Time    26 hours (queue position 3405) AND spending an unconfirmed input

https://blockchain.info/tx/1a15d133a21436127d530308b5f2c133a9013b030481d957abfeb60a9f4b8d84

0.0001 FEE, Estimated Confirmation Time    31 hours (queue position 3423) AND spending an unconfirmed input

The first transaction in this mess was sent with no fee so it keeps getting pushed out of the blocks.  The other transactions appear to depend on the first one.  Eventually the first transaction will be done and then the rest should follow.

[btcfre@k]

so i should not use this adress anymore?

[DeathAndTaxes]

so i should not use this adress anymore?

No you need to stop spending unconfirmed outputs.  The tx won't confirm until the unconfirmed outputs it use are confirmed.