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xizmax
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January 11, 2017, 10:28:30 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
If I understand you correctly, you have issues with block time. BURST block time is 4 minutes, compared to Bitcoins 10. In BTC, people usually wait for 6 blocks to consider the transaction final, that is they wait for one hour on average. If you wait for 6 blocks in BURST, it will take you - again on average - 24 minutes. Naturally, this comparison is not without its failings as you cannot compare BTC and BURST hash power directly. Anyways, it is incorrect to claim that a single transaction can take 1-4 hours. On average, it takes 4 minutes for a transaction to happen in BURST and 6 minutes in BTC. BURST varies more than BTC in this regard and the longest block time I've seen in BURST was over 2 hours, while in BTC I have not seen a block time longer than 1 hour. That is due to BTC having more, and more stable hash power than BURST. |
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ccminer.net
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January 11, 2017, 10:36:20 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
You must have an issue with your wallet. Try to resync or use an online wallet |
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MoonJeina
Sr. Member
 Offline
Activity: 652
Merit: 250
Make winning bets on sports with Sportsbet.io!
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January 11, 2017, 11:34:47 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
Seems you just had a bad luck with that transaction. I am using BURST since 9 or 10 months. I only 2 times had problem. One took around 6 hours, other one even more than a day, but both transactions were from Poloniex to wallet. With other transactions, they completed in minutes, max 10 minutes. I suggest you to resync your wallet and try again. |
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ccminer.net
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January 11, 2017, 11:50:45 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
Seems you just had a bad luck with that transaction. I am using BURST since 9 or 10 months. I only 2 times had problem. One took around 6 hours, other one even more than a day, but both transactions were from Poloniex to wallet. With other transactions, they completed in minutes, max 10 minutes. I suggest you to resync your wallet and try again. Yeah POLONIEX takes long time to credit the deposits and to process the withdrawals, but at the end no problems so far! |
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CryptoDude2727
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January 11, 2017, 12:19:30 PM
Last edit: January 11, 2017, 10:26:29 PM by CryptoDude2727 |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
Not my experience at all. As others have stated withdrawing from Poloniex can take some time, but that's on the exchange. Every other transaction I've done with BURST the max time was a couple of minutes. |
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ccminer.net
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January 11, 2017, 07:03:09 PM |
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I've just released a new batch of my mining asset!!
If you are interested this is the asset id: 5255893438014874161
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irwanjabryg
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January 13, 2017, 06:03:36 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
If I understand you correctly, you have issues with block time. BURST block time is 4 minutes, compared to Bitcoins 10. In BTC, people usually wait for 6 blocks to consider the transaction final, that is they wait for one hour on average. If you wait for 6 blocks in BURST, it will take you - again on average - 24 minutes. Naturally, this comparison is not without its failings as you cannot compare BTC and BURST hash power directly. Anyways, it is incorrect to claim that a single transaction can take 1-4 hours. On average, it takes 4 minutes for a transaction to happen in BURST and 6 minutes in BTC. BURST varies more than BTC in this regard and the longest block time I've seen in BURST was over 2 hours, while in BTC I have not seen a block time longer than 1 hour. That is due to BTC having more, and more stable hash power than BURST. owh so, I understand now thanks but why deposits and withdrawals in poloniex not available now  |
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dranster
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January 13, 2017, 06:07:43 AM |
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BURST to da MOON 100 sats coming up  |
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ccminer.net
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January 13, 2017, 10:05:07 AM |
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Until now I do not know about the transaction explode, because in a single burst transaction can take 1-4 hours, it is very inefficient in the currency and if in the future be used as a means of payment I am sure this will not succeed. Sorry I just ask, and do not intend to Fud, thanks
If I understand you correctly, you have issues with block time. BURST block time is 4 minutes, compared to Bitcoins 10. In BTC, people usually wait for 6 blocks to consider the transaction final, that is they wait for one hour on average. If you wait for 6 blocks in BURST, it will take you - again on average - 24 minutes. Naturally, this comparison is not without its failings as you cannot compare BTC and BURST hash power directly. Anyways, it is incorrect to claim that a single transaction can take 1-4 hours. On average, it takes 4 minutes for a transaction to happen in BURST and 6 minutes in BTC. BURST varies more than BTC in this regard and the longest block time I've seen in BURST was over 2 hours, while in BTC I have not seen a block time longer than 1 hour. That is due to BTC having more, and more stable hash power than BURST. owh so, I understand now thanks but why deposits and withdrawals in poloniex not available now I think they are fixing their wallet at POLONIEX. I hope when they have finished BURST will be efficient as other coins are, and finally we will see the price rise a bit. |
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Macr0
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January 13, 2017, 05:53:19 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets  |
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ccminer.net
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January 13, 2017, 05:56:10 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets Do you really think that 1 BURST as transaction fee is too high? |
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Macr0
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January 13, 2017, 05:58:05 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets Do you really think that 1 BURST as transaction fee is too high? But when i send big amounts, the fee is slightly higher!? That's confusing me...  |
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wgd
Legendary
Offline
Activity: 1815
Merit: 1005
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January 13, 2017, 06:40:45 PM |
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BURST Deposits & Withdrawals on Poloniex Temporarily Disabled, really fix wallet?  |
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penoze
Legendary
Offline
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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January 13, 2017, 06:50:47 PM |
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Hello,
A have one 2TB hard drive over and i am plotting the miner for mining.
Meanwhile i am looking around at burst like the Asset exchange.
Looked around on the burst website and burst forum.
When i was on the burst forum i saw not so much activity on the topic assets.
Are the most assets dead right now or are there some assets alive.
Can somebody give me some hints for assets to look at.
kind regards,
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xizmax
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January 13, 2017, 06:54:15 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets Do you really think that 1 BURST as transaction fee is too high? But when i send big amounts, the fee is slightly higher!? That's confusing me... Yes, when you send higher amounts the wallet automatically sets a higher fee in an attempt to be "fair" to miners. You can always manually change it back to 1 BURST. |
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CryptoDude2727
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January 13, 2017, 06:56:06 PM |
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Hello,
A have one 2TB hard drive over and i am plotting the miner for mining.
Meanwhile i am looking around at burst like the Asset exchange.
Looked around on the burst website and burst forum.
When i was on the burst forum i saw not so much activity on the topic assets.
Are the most assets dead right now or are there some assets alive.
Can somebody give me some hints for assets to look at.
kind regards,
Huh? I looked at the forums today...there's huge activity, many posts about assets. Are you sure you were in the right place? |
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CryptoDude2727
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January 13, 2017, 06:59:56 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets To send 100,000 BURST from the wallet, the transmission fee is 10 BURST I think. In terms of USD it's .005...in other words a fraction of a penny right now. But I think should BURST suddenly rise a lot the TX fees can be reduced. |
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penoze
Legendary
Offline
Activity: 1235
Merit: 1003
https://minepi.com/cryptomeneer
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January 13, 2017, 07:05:29 PM |
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Hello,
A have one 2TB hard drive over and i am plotting the miner for mining.
Meanwhile i am looking around at burst like the Asset exchange.
Looked around on the burst website and burst forum.
When i was on the burst forum i saw not so much activity on the topic assets.
Are the most assets dead right now or are there some assets alive.
Can somebody give me some hints for assets to look at.
kind regards,
Huh? I looked at the forums today...there's huge activity, many posts about assets. Are you sure you were in the right place? watched this forum |
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logictense
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January 13, 2017, 07:06:02 PM |
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What about reducing the tx fee, any thoughts about it? This would be awesome for the future, but without a fork it's generally not possible right? Often i think the high fee is the only "bad" thing at Burstcoin. I really love Burst, but i wonder how it can survive with this high fee... maybe i am wrong? Greets Do you really think that 1 BURST as transaction fee is too high? Nope. Could be higher. Higher fee serves as a filter against dust spam. 1 unit of BURST is a reasonable amount to pay for the transaction, but to ensure that its delivered to recipient u must pay me directly or else I will shut down my full nodes, thus refusing to keep the network at the acceptable level of performance. |
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