Anyone Else Noticing This

[cyberpinoy]

Anyone else noticing transactions getting processed a lot slower than usual? I have been noticing it getting progressively worse over the past 2 weeks. Is this a problem because the last difficulty retarget actually decreased? what could be causing these long transaction confirmations? I mean seriously 3 hours not 1 confirmation, this is not right. And the source is a trusted source they send me coins all the time.

[1714957248]

1714957248

[adamstgBit]

I got a payment about ~5 hours ago, after instantly seeing the TX appear on the blockchain, it now has 27 confirmations, i just love transacting in bitcoin its so easy and fast.

[Meuh6879]

no problem here : https://bitcoinwisdom.com/bitcoin/difficulty

Block Generation Time(?):    
1 block: 10.0 minutes
3 blocks: 30.1 minutes
6 blocks: 1.0 hours

[Velkro]

Thats funny I have a transaction over 3 hour old not 1 confirmation.

https://blockchain.info/tx-index/f08035d71de82d65ecdeee9d61a8bead3d01abf566dcdd942518dfeb4a51c714

There could be couple reasons, for example too low transaction fee or bad luck

[cyberpinoy]

Thats funny I have a transaction over 3 hour old not 1 confirmation.

https://blockchain.info/tx-index/f08035d71de82d65ecdeee9d61a8bead3d01abf566dcdd942518dfeb4a51c714

There could be couple reasons, for example too low transaction fee or bad luck

I had to edit I think it may have been less than 3 hours, the time on Blockchain is not in the same zone as my wallet so Im not sure, my wallet is showing 3 hours blockchain is showing a little over an hour

Oh luck again, everything is about luck in bitcoins, LUCK IS BULLSHIT.

It seems the only thing certain in Bitcoin is there will always be theives, liars, scammers and hackers and just unethical people making more BTC than the ones trying to do this ethically and honestly.

[adamstgBit]

seems you didn't pay a fee and your sending address has unconfirmed tx in it aswell.

it'll probably confirm eventually, but don't hold your breath...

[cyberpinoy]

seems you didn't pay a fee and your sending address has unconfirmed tx in it aswell.

it'll probably confirm eventually, but don't hold your breath...

Ahh i did not see the unconfirmed incoming transaction thank you that explains it now. Thats why i am waiting I dont like to send coins if I have unconfirmed incoming transactions

I only see one incoming transaction it has 26 confirmations? you see another one that has not been confirmed?

https://blockchain.info/tx/26950c5a316fd6be2e18bc47ebc898d2bf2ea154f954d0c2f9fe8d3370cae466

even without that transaction the wallet still has over 3 BTC in there so it should be ok I would think.

[deluxeCITY]

It is because the difficulty is decreasing while there has been a record number of transactions recently. This results in less supply of block space (as blocks are being found somewhat less often) and more demand for block space (higher transaction volume). This will result in the overall time to confirm transactions (measured in terms of number of blocks found since a TX was pushed to the network) to increase and the average TX fee required to get a transaction to confirm quickly to increase as well

[1Referee]

Thats funny I have a couple transactions waaaaaaaayyy longer than 10 minutes

Block Generation Time(?):    
1 block: 10.0 minutes
3 blocks: 30.1 minutes
6 blocks: 1.0 hours

https://blockchain.info/tx-index/f08035d71de82d65ecdeee9d61a8bead3d01abf566dcdd942518dfeb4a51c714 (this one is well over an hour)
https://blockchain.info/tx-index/b2f79c3b96ef54facb8290a58b0a1115663a3b0dcbe99cb504654cfb15734528  (this one is well over 30 minutes)

0 confirmations

I also noticed in the wallet it came form nothing is getting farther confirmations either. the most recent confirmed transaction in teh wallet has been at 7 confirmations for over 2 hours now.

Don't rely too much on the 10 minute block time.

Some times it can take more than 60 minutes for a block to be found.

[ticoti]

it is really desperating, I think this is a problem that needs to be solved urgently, I can't understand why I have to wait more than an hour (at least) to have my bitcoins ready to use

[calci]

Anyone else noticing transactions getting processed a lot slower than usual? I have been noticing it getting progressively worse over the past 2 weeks. Is this a problem because the last difficulty retarget actually decreased? what could be causing these long transaction confirmations? I mean seriously 3 hours not 1 confirmation, this is not right. And the source is a trusted source they send me coins all the time.

It is definitely slow the past few days.
My transactions have not confirmed on mnay occasions for almost 40 minutes(the first 2 transactions). And its happening very often.
Doesn't happen all day through but more towards a time in the evening EST.

[twister]

seems you didn't pay a fee and your sending address has unconfirmed tx in it aswell.

it'll probably confirm eventually, but don't hold your breath...

This might be the issue. I haven't made too many transaction in past week, only 2 actually with 20k Sat fee and they got confirmed very fast, with 1st confirm under 15 min.

[wadili89]

it is really desperating, I think this is a problem that needs to be solved urgently, I can't understand why I have to wait more than an hour (at least) to have my bitcoins ready to use

This is not an urgent problem as such. The network is very secure so that more and more merchants and exchanges will be taking 0 confirmation or 1 confirmation transactions.

[tspacepilot]

Last block was confirmed 59 minutes ago.  Is this related to OPs observation?

[ujka]

Last block was confirmed 59 minutes ago.  Is this related to OPs observation?

Probably. There were some big 'lags' like this in past days. Bad luck...
334486 (Main Chain)   2014-12-15 22:03:07
334487 (Main Chain)   2014-12-15 23:44:08
.
334489 (Main Chain)   2014-12-16 00:03:50
334490 (Main Chain)   2014-12-16 00:55:50

And there is the fact that OP is using a less then recommended fee (0.00001 btc), and a nonconfirmed input in his tx...

[Q7]

Looks to me like in your case, it was due to the fees issue where instead of the standard 10000 satoshi, it was only 1000. I did try once sending without a fee for a very small transaction and it got through eventually and that was almost like after half a day.

[leex1528]

I haven't had any problems at all.  Is this just everyday normal transactions, is it from a certain website/faucet or anything like that.  My guess its not the blockchain that is being slow, its either the website processing the payment slow or something along those lines.

[NeuroticFish]

I've also had very slow transactions today. And it turned out that's something wrong at Poloniex, they actually announced that. https://twitter.com/Poloniex/status/544821638928138241
So if your transaction was to or from Polo, now you know why.

[Meuh6879]

No problem here http://btc.blockr.io/block/list/ ... 3-4 block per hour, not too bad. 

[franky1]

334586 (Main Chain)    2014-12-16 17:19:42    4 mins
334585 (Main Chain)    2014-12-16 17:15:52    8 mins
334584 (Main Chain)    2014-12-16 17:08:16    8 mins
334583 (Main Chain)    2014-12-16 17:00:36    8 mins
334582 (Main Chain)    2014-12-16 16:36:50    24 mins
334581 (Main Chain)    2014-12-16 16:25:43    11 mins
334580 (Main Chain)    2014-12-16 16:19:10    6 mins
334579 (Main Chain)    2014-12-16 15:37:01    48 mins
334578 (Main Chain)    2014-12-16 15:17:36    20 mins
334577 (Main Chain)    2014-12-16 15:08:42    9 mins
334576 (Main Chain)    2014-12-16 15:06:07    6 mins
334575 (Main Chain)    2014-12-16 15:00:23    minus 2 mins
334574 (Main Chain)    2014-12-16 15:02:15    3 mins
334573 (Main Chain)    2014-12-16 14:59:00    5 mins
334572 (Main Chain)    2014-12-16 14:54:42    5 mins
334571 (Main Chain)    2014-12-16 14:49:27    7 mins
334570 (Main Chain)    2014-12-16 14:42:31    2 mins
334569 (Main Chain)    2014-12-16 14:40:14    33 mins
334568 (Main Chain)    2014-12-16 14:07:08    2 mins
334567 (Main Chain)    2014-12-16 14:05:25    7 mins
334566 (Main Chain)    2014-12-16 13:58:46    

15 green = no celebration of quicker than average confirms
5 slower = crying from people that dont realise the 10 minutes is NOT a rule, but a average based on maths spanning over 2 weeks and then divided down
maths based on those 20 tx's is 10 and a half minutes-ish