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Author Topic: btc is slow!! Confimations problem  (Read 242 times)
Polo7
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August 20, 2019, 08:27:14 PM
 #1

Btc confirmations are slow!!
I pay for fee so I Want to Get it Done!!

Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!


Someone Better off Fix this Bitcoin thing!!

I have used Ethereum and its fast it never took longer then 1 hour.
Usually Ethereum is confirmed in 5-10min. Its Not so fast but its better then Nothing.


As I pay for something im expecting to get Good service!


I Don't Know who is the crrator or run this blockchain but the confirmations are slow..



Im in cryptocurrency business speed is very important for me  i Can't accept any of my time is wasted!

Why They said about segwit... The Bitcoin transactions are Still Low what is the problem??
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August 20, 2019, 08:31:56 PM
 #2

Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!

That's weird. The current recommended fee is 1 sat/byte so your transactions should be confirmed really fast. Are you sure that the Blockchain wallet has sent your transactions? Don't they show up as pending in the wallet? Can you see the id of these transactions? If you have them then we will be able to look them up on the block explorer and see what's the issue.

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August 20, 2019, 08:35:40 PM
 #3

Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!

That's weird. The current recommended fee is 1 sat/byte so your transactions should be confirmed really fast. Are you sure that the Blockchain wallet has sent your transactions? Don't they show up as pending in the wallet? Can you see the id of these transactions? If you have them then we will be able to look them up on the block explorer and see what's the issue.
Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!

That's weird. The current recommended fee is 1 sat/byte so your transactions should be confirmed really fast. Are you sure that the Blockchain wallet has sent your transactions? Don't they show up as pending in the wallet? Can you see the id of these transactions? If you have them then we will be able to look them up on the block explorer and see what's the issue.



They Don't show up as pending!! 

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August 20, 2019, 08:40:32 PM
 #4

Its Now confirmed
But weird the first transfer took 10 hours to confirm.


I sent Second transfer to the same address but with higher fee I payed. So the second went in 1 hour... Still very slow


Is anyone knows its Bitcoin problem or its likely blockchain wallet problem?



If so any other Good wallet I Can use?
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August 20, 2019, 08:42:27 PM
Last edit: August 20, 2019, 09:03:01 PM by AdolfinWolf
 #5

Btc confirmations are slow!!
I pay for fee so I Want to Get it Done!!

Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!

Link the transactions so we can see the problem. (if there is one.)
Quote
Someone Better off Fix this Bitcoin thing!!
I have used Ethereum and its fast it never took longer then 1 hour.
Usually Ethereum is confirmed in 5-10min. Its Not so fast but its better then Nothing.
Ethereum isn't bitcoin.
Quote
As I pay for something im expecting to get Good service!

Huh

Quote
I Don't Know who is the crrator or run this blockchain but the confirmations are slow..
That's fairly obvious.

Quote
Im in cryptocurrency business speed is very important for me  i Can't accept any of my time is wasted!
Either increase your fees, or use altcoins?

Quote
Why They said about segwit... The Bitcoin transactions are Still Low what is the problem??
The problem is that A. segwit doesn't make blocks generate faster (Admittedly they do allow for more tx's in a block and thus increate tps but it can still take up to 10-20 minutes for a block to be generated.)
and B. your wallet (blockchain.info) isn't using segwit to give you "lower" fees.

Is anyone knows its Bitcoin problem or its likely blockchain wallet problem?

If so any other Good wallet I Can use?
It's not necessarily a blockchain problem, although switching your wallet would help "solving" the "issue". (You can use Segwit which in turn allows you to save money on fees, or spend the same amount as legacy for a higher priority to confirm = likely faster confirmations.)

Try Electrum. https://electrum.org/#download (Make sure you download it from the right place.)

Polo7
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August 20, 2019, 08:51:25 PM
 #6

Btc confirmations are slow!!
I pay for fee so I Want to Get it Done!!

Why?  I did 2 Transactions one with higher fee but Still Not confirmed i sent out from Block chain wallet!

Link the transactions so we can see the problem. (if there is one.)
Quote
Someone Better off Fix this Bitcoin thing!!
I have used Ethereum and its fast it never took longer then 1 hour.
Usually Ethereum is confirmed in 5-10min. Its Not so fast but its better then Nothing.
Ethereum isn't bitcoin.
Quote
As I pay for something im expecting to get Good service!

Huh

Quote
I Don't Know who is the crrator or run this blockchain but the confirmations are slow..
That's fairly obvious.

Quote
Im in cryptocurrency business speed is very important for me  i Can't accept any of my time is wasted!
Either increase your fees, or use altcoins?

Quote
Why They said about segwit... The Bitcoin transactions are Still Low what is the problem??
The problem is that A. segwit doesn't make blocks generate faster (Admittedly they do allow for more tx's in a block and thus increate tps but it can still take up to 10-20 minutes for a block to be generated.)
and B. your wallet (blockchain.info) isn't using segwit to give you "lower" fees.

Is anyone knows its Bitcoin problem or its likely blockchain wallet problem?

If so any other Good wallet I Can use?
It's not necessarily a blockchain problem, although switching your wallet would help "solving" the "issue". (You can use Segwit which in turn allows you to save money on fees, or spend the same amount as legacy for a higher priority to confirm = likely faster confirmations.)

Try Electrum. https://electrum.org/#download (verify hashes yourself.)



Wow... 
Good knowledge, thnx!

What kind of school you got that kind of education?
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August 20, 2019, 09:05:49 PM
 #7

That's weird. The current recommended fee is 1 sat/byte
I think coinb.in's estimate is currently broken, Bitcoin Core gives a much higher estimate.

Polo7
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August 20, 2019, 09:13:23 PM
 #8

That's weird. The current recommended fee is 1 sat/byte
I think coinb.in's estimate is currently broken, Bitcoin Core gives a much higher estimate.



Aghhh???
Can u explain by simple English language? 
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August 20, 2019, 09:13:44 PM
 #9

Where are you sending these funds to. If it's to people, you could try to convince them to use the Lightning Network instead and then your transactions will confirm in a second once you send them.

Alternatively, litecoin has a new block every minute and it's chain is pretty small (as apposed to the ethereum chain which I think was about a terabyte in size a few months ago...

When most transactions are made via banks, you can expect a delay. With mine, if I send to someone else it takes 15 minutes for the transaction to go trhough. With bitcoin if you pay a high enough fee it will go through in 10 minutes (but you don't need to do that unless you're in a rush).

If you use electrum, when sending your funds from it, you'll have a bar on the send tab that allows you to drag it across between 1, 2, 5, 10 and 25 blocks which you can use depending on how fast you need the transaction to go. If you make it lower, it pulls the fees down for the rest of the users of bitcoin and yourself so it makes sense if you're not in too much of a rush.

That's weird. The current recommended fee is 1 sat/byte
I think coinb.in's estimate is currently broken, Bitcoin Core gives a much higher estimate.

I sent a 1 sat/byte transaction earlier and it's 9mb from the tip at the time of sending (9 blocks).


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August 20, 2019, 09:18:17 PM
 #10

Where are you sending these funds to. If it's to people, you could try to convince them to use the Lightning Network instead and then your transactions will confirm in a second once you send them.

Alternatively, litecoin has a new block every minute and it's chain is pretty small (as apposed to the ethereum chain which I think was about a terabyte in size a few months ago...

When most transactions are made via banks, you can expect a delay. With mine, if I send to someone else it takes 15 minutes for the transaction to go trhough. With bitcoin if you pay a high enough fee it will go through in 10 minutes (but you don't need to do that unless you're in a rush).

If you use electrum, when sending your funds from it, you'll have a bar on the send tab that allows you to drag it across between 1, 2, 5, 10 and 25 blocks which you can use depending on how fast you need the transaction to go. If you make it lower, it pulls the fees down for the rest of the users of bitcoin and yourself so it makes sense if you're not in too much of a rush.

That's weird. The current recommended fee is 1 sat/byte
I think coinb.in's estimate is currently broken, Bitcoin Core gives a much higher estimate.

I sent a 1 sat/byte transaction earlier and it's 9mb from the tip at the time of sending (9 blocks).





I send mostly to exchanger in and out!
Out is always faster if in.


When They gona fix the Problem?
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August 20, 2019, 09:18:46 PM
 #11

I think coinb.in's estimate is currently broken, Bitcoin Core gives a much higher estimate.

The current block height is 591004 while Coinb.in thinks that 590168 is the latest block. Thanks for pointing this out. Electrum also suggests 1 sat/byte fee with mempool based estimation.

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August 20, 2019, 09:29:22 PM
 #12

I send mostly to exchanger in and out!
Out is always faster if in.

When They gona fix the Problem?

It's doubtful they will find a solution to the problem other than using second layer solutions like the lightning network and altcoins like litecoin and ethereum.

It would be quite damaging to change the block creation time for less than 10 minutes as a lot of elements of it would have to be changed such as a block reward fee given to miners that offers inflation to bitcoin... Also it means that the chain remains a reasonable size and isn't terabytes for those who want to support the network.

I normally send transactions at night so I can wake up and have them confirmed, or just find something else to do while waiting for it to confirm. With a high enough fee it will confirm within 10 minutes anyway so it's not too long to wait.

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August 20, 2019, 09:35:42 PM
 #13

I send mostly to exchanger in and out!
Out is always faster if in.

When They gona fix the Problem?

It's doubtful they will find a solution to the problem other than using second layer solutions like the lightning network and altcoins like litecoin and ethereum.

It would be quite damaging to change the block creation time for less than 10 minutes as a lot of elements of it would have to be changed such as a block reward fee given to miners that offers inflation to bitcoin... Also it means that the chain remains a reasonable size and isn't terabytes for those who want to support the network.

I normally send transactions at night so I can wake up and have them confirmed, or just find something else to do while waiting for it to confirm. With a high enough fee it will confirm within 10 minutes anyway so it's not too long to wait.



I Can't afford everytime to pay high enough fee.
But how Come that xrp eos... Are faster.
And Ethereum too...
How Come btc has so great value and hype? 
But confirmations Still slow if u Don't pay higher fee!


Bitcoin can borrow Something from xrp  wich is speed
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August 20, 2019, 10:15:44 PM
Last edit: August 21, 2019, 02:45:36 PM by bones261
Merited by bob123 (2), Coin-1 (1)
 #14


Bitcoin can borrow Something from xrp  wich is speed

In order for Bitcoin to gain the speed of xrp, it would have to change it's confirmation protocol. Instead of competing mining pools, Bitcoin would switch to having only a handful of designated servers that can produce a block. With EOS, there is also a limited number of designated users that are eligible to create new blocks. In order for Bitcoin to obtain speed, they would sacrifice decentralization. BTC is not going to do it. There is no way that you are going to get any kind of consensus to implement such a drastic change. Now one could argue that BTC only has a handful of pools. However, most pools consist of many independent miners that can move their hash elsewhere, if they so choose. Also, it is true that ETH has unlimited blocksize and 45 minute blocks. However, with all of the smart contracts and token transactions, the blockchain is massive and is a challenge for most users to run their own node.
If an altcoin serves your particular needs better, then by all means switch to them. However, the way that BTC is currently set up and the current network logistics, it is the most secure of all of them.

Now, can you please share with us the transation id of your transactions so we can try to help you? I'm getting suspicious that there really is no transaction, and you are just using this as way to promote altcoins over BTC, or somehow suggest we need to overhaul BTC, and make it more like other altcoins.
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August 20, 2019, 10:23:55 PM
Merited by RapTarX (1)
 #15

I Can't afford everytime to pay high enough fee.
But how Come that xrp eos... Are faster.
And Ethereum too...
How Come btc has so great value and hype?  
But confirmations Still slow if u Don't pay higher fee!

Very simple answer the reason why these altcoins you mention above is much faster because only few people are using it compared to BTC(Traffic congestion).

If you don't pay a higher fee your transaction will place to low priority so those who pay high fees will be placed at high priority.

Do you think if ETH or other altcoins you mention above will not experience the same thing as bitcoin if more people use them?

You are paying a small fee in ETH, right? If you pay 0.001ETH for 1ETH we can consider it a small fee because the value of 0.001ETH in USD is around 0.19$. How about if ethereum value is the same as bitcoin value? What will be the price of 0.001ETH? it should be around $10?

So don't compare them because there is no difference on both BTC and altcoins

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August 21, 2019, 04:37:30 AM
 #16

...

That's weird. The current recommended fee is 1 sat/byte so your transactions should be confirmed really fast. Are you sure that the Blockchain wallet has sent your transactions? Don't they show up as pending in the wallet? Can you see the id of these transactions? If you have them then we will be able to look them up on the block explorer and see what's the issue.

1 sat/byte is a low fee, i would like to recommend the service i use to know the right fees to use:

https://bitcoinfees.earn.com

On that site, we will see a graph with the current fees on pending transactions, and after the graph, they say the right fees we should use to get a confirmation in the next block:

Quote
Which fee should I use?

The fastest and cheapest transaction fee is currently 44 satoshis/byte, shown in green at the top.
For the median transaction size of 226 bytes, this results in a fee of 9,944 satoshis.

Please note that many wallets use satoshis-per-kilobyte or bitcoins-per-kilobyte, so you may need to convert units. See our instructions for more details.

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August 21, 2019, 05:22:16 AM
 #17

I Can't afford everytime to pay high enough fee.
But how Come that xrp eos... Are faster.
And Ethereum too...
How Come btc has so great value and hype? 
But confirmations Still slow if u Don't pay higher fee!

Very simple answer the reason why these altcoins you mention above is much faster because only few people are using it compared to BTC(Traffic congestion).

If you don't pay a higher fee your transaction will place to low priority so those who pay high fees will be placed at high priority.

Do you think if ETH or other altcoins you mention above will not experience the same thing as bitcoin if more people use them?

You are paying a small fee in ETH, right? If you pay 0.001ETH for 1ETH we can consider it a small fee because the value of 0.001ETH in USD is around 0.19$. How about if ethereum value is the same as bitcoin value? What will be the price of 0.001ETH? it should be around $10?

So don't compare them because there is no difference on both BTC and altcoins

the funny thing is that most of these altcoins are exact copies of bitcoin and they all inherit the fee problems of it but also since they have made changes they have made the problems even worse. for example ethereum network went down multiple times in 2017 that exchanges had to disable deposit/withdrawas for weeks each time. not to mention that fees went higher than bitcoin fees.
https://www.newsbtc.com/2017/06/21/ethereum-network-congested-exchanges-forced-disable-eth-wallets/

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August 21, 2019, 06:14:45 AM
 #18


But confirmations Still slow if u Don't pay higher fee!

Bitcoin can borrow Something from xrp  wich is speed

As you mentioned that you are facing this situation when you are making transaction with exchanges and confirmations are slow. At first i wanna let you know that Sometime it happens because all those exchanges integrate their API to generate btc addresses for every single deposit or withdrawal. Every user get their addresses separately and that maintain a serial to be confirmed with funds. So usually single wallet addresses are much more transaction load-less than merchant API users.

You have to keep it on mind that time frame priority always depend on fees what senders are paying and without this system its not possible to handle millions of users transaction in one scale so swiftly. Making comparison with bitcoin and altcoin's transaction speed will not be a good idea if we just look at
worldwide btc users community.

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August 21, 2019, 09:56:10 AM
 #19

...


bitcoinfees.earn.com over-estimates the fees, right now it suggests 44 satoshis/byte but if you check the Mempool size, which is not busy right now, you can surely use a ~20 satoshis/byte to get the TX in the next block.

Several times in the day, 1 sat/byte is enough and it gets confirmed quickly

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August 21, 2019, 09:59:21 AM
Merited by khaled0111 (1)
 #20

You guys haven't noticed that you're being trolled by OP? There was no problem to begin with. Roll Eyes

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