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Author Topic: Length of time to recieve/send BTC  (Read 1407 times)
Groc
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March 03, 2011, 11:37:11 PM
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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
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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
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March 04, 2011, 09:48:50 PM
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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?
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March 04, 2011, 10:10:14 PM
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The transaction fee goes to whoever happened to generate the next block.

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