Bitcoin Forum
November 09, 2024, 03:54:39 PM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Length of time to recieve/send BTC  (Read 1577 times)
Groc (OP)
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250


Bounty manager (https://t.me/Gudwinn)


View Profile
March 03, 2011, 11:37:11 PM
 #1

Hi,

I was playing Bitcoin Darts Today and it has taken over 3 hrs to receive 1 unconfirmed payment of many.

Just wondering - In general how long it should take to receive a payment and what have people been experiencing.

Thanks
slush
Legendary
*
Offline Offline

Activity: 1386
Merit: 1097



View Profile WWW
March 04, 2011, 12:53:16 AM
 #2

I was playing Bitcoin Darts Today and it has taken over 3 hrs to receive 1 unconfirmed payment of many.
Just wondering - In general how long it should take to receive a payment and what have people been experiencing.

There is only limited amount of free transactions every hour. As Bitcoin popularity is going up, those slots are full time to time. To speed up transaction processing, you can offer some fee in the client settings. Then the transaction will be included ASAP.

Groc (OP)
Sr. Member
****
Offline Offline

Activity: 560
Merit: 250


Bounty manager (https://t.me/Gudwinn)


View Profile
March 04, 2011, 09:48:50 PM
 #3

In general how long it should take to receive a payment and what have people been experiencing.

To speed up transaction processing, you can offer some fee in the client settings. Then the transaction will be included ASAP.

Does the fee go into a pot and then split among the "coin generators"?

Does the fee help speed transactions being received only or sent as-well?

Is there a finite # of free slots, or will they increase if more users join, or is it a supply and demand thing?
error
Hero Member
*****
Offline Offline

Activity: 588
Merit: 500



View Profile
March 04, 2011, 10:10:14 PM
 #4

The transaction fee goes to whoever happened to generate the next block.

3KzNGwzRZ6SimWuFAgh4TnXzHpruHMZmV8
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!