Bitcoin Forum
June 17, 2024, 05:06:54 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Average Transaction Time  (Read 738 times)
spndr7 (OP)
Legendary
*
Offline Offline

Activity: 1020
Merit: 1000



View Profile WWW
January 15, 2014, 05:21:41 PM
Last edit: January 15, 2014, 05:54:16 PM by spndr7
 #1


Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ?

Please share any recent experiences,if some one tried it ?

AmericanBit
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250


View Profile
January 15, 2014, 05:33:27 PM
 #2



Is there any way to know/guess average transaction time, for a transaction sent without any fees with it ?

Well how quickly do you get to work, when youre not getting paid for it? Youd probably take your time...maybe stop for some starbucks on the way?  Roll Eyes
spndr7 (OP)
Legendary
*
Offline Offline

Activity: 1020
Merit: 1000



View Profile WWW
January 15, 2014, 05:56:19 PM
 #3


Please share any recent experiences,if some one tried it ?

xb0x
Full Member
***
Offline Offline

Activity: 181
Merit: 100


Better don't say if you don't know!


View Profile
January 15, 2014, 06:00:35 PM
 #4

almost 24 hr to get a single confirmatiom or even more than that in some case
AmericanBit
Sr. Member
****
Offline Offline

Activity: 630
Merit: 250


View Profile
January 15, 2014, 06:01:59 PM
 #5


Please share any recent experiences,if some one tried it ?

I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee...
spndr7 (OP)
Legendary
*
Offline Offline

Activity: 1020
Merit: 1000



View Profile WWW
January 15, 2014, 06:11:19 PM
 #6


Please share any recent experiences,if some one tried it ?

I think you kind of answered it with your question...its anyones guess. Only 7 bitcoin transactions can execute a second. So they often get backed up hundreds at a time at some points. So the question should be, does your transaction get bumped by older transactions that pay a higher fee...

Thanks

spndr7 (OP)
Legendary
*
Offline Offline

Activity: 1020
Merit: 1000



View Profile WWW
January 16, 2014, 11:58:49 AM
 #7

almost 24 hr to get a single confirmatiom or even more than that in some case

How much did you paid in fees ?

What is the minimum fees required to process transaction in  24 hrs ?

I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value  of bitcoin increases.

e4xit
Sr. Member
****
Offline Offline

Activity: 302
Merit: 250



View Profile
January 16, 2014, 02:20:19 PM
 #8

almost 24 hr to get a single confirmatiom or even more than that in some case

How much did you paid in fees ?

What is the minimum fees required to process transaction in  24 hrs ?

I think bitcoin will be used only for larger transactions and other coins for smaller transactions,as the value  of bitcoin increases.

Where did you get this original idea from? I want one!

You could always try the search bar for things that have been raised 100 times already (or better still a google custom search).

Not your keys, not your coins.
CoinJoin, always.
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!