Bitcoin Forum
December 14, 2017, 05:14:52 AM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1] 2 3 4 5 »  All
  Print  
Author Topic: Sick of the confirmation time...  (Read 4044 times)
maxamity
Newbie
*
Offline Offline

Activity: 2


View Profile
March 18, 2015, 09:05:38 PM
 #1

Sick of how long it takes to confirm a transaction. I even put a $4.00 miner's fee, and it is still taking over 2 hours for the second time.

Wish it could just be a little faster.... Am I the only one? Lol
1513228492
Hero Member
*
Offline Offline

Posts: 1513228492

View Profile Personal Message (Offline)

Ignore
1513228492
Reply with quote  #2

1513228492
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1513228492
Hero Member
*
Offline Offline

Posts: 1513228492

View Profile Personal Message (Offline)

Ignore
1513228492
Reply with quote  #2

1513228492
Report to moderator
1513228492
Hero Member
*
Offline Offline

Posts: 1513228492

View Profile Personal Message (Offline)

Ignore
1513228492
Reply with quote  #2

1513228492
Report to moderator
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
March 18, 2015, 09:10:22 PM
 #2

Sick of how long it takes to confirm a transaction. I even put a $4.00 miner's fee, and it is still taking over 2 hours for the second time.

Wish it could just be a little faster.... Am I the only one? Lol

Sometimes it takes a bit until a new block is found. No matter how high your fee is, thats just how bitcoin works. A block is found on average(!) every 10 minutes, but there is luck involved and thus it can take longer. Its been 44 minutes between block 348180 and block 348181. I dont even notice it anymore. I just create a transaction and do something else until its confirmed (if thats needed at all).


oldbute
Member
**
Offline Offline

Activity: 61


View Profile
March 18, 2015, 09:11:46 PM
 #3

Post your transaction id.  One cause could be the inputs you are using.  If an input is from a transaction that has no fee and is not confirmed, your transaction can't be confirmed until that is.
MegaFall
Jr. Member
*
Offline Offline

Activity: 56


View Profile
March 18, 2015, 09:15:35 PM
 #4

I've been watching blockchain.info all day... The average time between blocks is in the range of 20 - 40 minutes currently. With an occassional burst of 3-4 blocks back to back under 10 minutes. 
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
March 18, 2015, 09:30:58 PM
 #5

I've been watching blockchain.info all day... The average time between blocks is in the range of 20 - 40 minutes currently. With an occassional burst of 3-4 blocks back to back under 10 minutes.  

Latest block is #348183. The block #348041 was ~24 hours ago. Thats 142 out of 144 expected blocks in 24 hours, you should probably check your calculations for "average".

MegaFall
Jr. Member
*
Offline Offline

Activity: 56


View Profile
March 18, 2015, 09:38:41 PM
 #6

I've been watching blockchain.info all day... The average time between blocks is in the range of 20 - 40 minutes currently. With an occassional burst of 3-4 blocks back to back under 10 minutes.  

Latest block is #348183. The block #348041 was ~24 hours ago. Thats 142 out of 144 expected blocks in 24 hours, you should probably check your calculations for "average".

Never said that weren't averaging 10 mins throughout the day, but they are absolutely ridiculously sporadic. Like if you take 348181, 348180, and 348179 and average them out, you get 23 minutes averaged between the 3 of them and 69.3 minutes from 348179 to 348181.
shorena
Legendary
*
Offline Offline

Activity: 1400


ALL escrow is signed! https://keybase.io/verify


View Profile WWW
March 18, 2015, 09:44:23 PM
 #7

I've been watching blockchain.info all day... The average time between blocks is in the range of 20 - 40 minutes currently. With an occassional burst of 3-4 blocks back to back under 10 minutes.  

Latest block is #348183. The block #348041 was ~24 hours ago. Thats 142 out of 144 expected blocks in 24 hours, you should probably check your calculations for "average".

Never said that weren't averaging 10 mins throughout the day, but they are absolutely ridiculously sporadic. Like if you take 348181, 348180, and 348179 and average them out, you get 23 minutes averaged between the 3 of them and 69.3 minutes from 348179 to 348181.

Sure if you cherry pick certain block you will find some that are far apart, but thats hardly typical.

#152218 and #152217 have been apart almost 2 hours. Naturally earlier blocks have even larger gaps, #27 and #28 have been >8 hours apart. The difficulty is specifically designed to keep the average time for 2016 blocks at 2 weeks which boils down to 10 minutes a block. It looks like the next adjustment might result in a reduction of the difficulty, but not by much.

-> https://bitcoinwisdom.com/bitcoin/difficulty

R2D221
Hero Member
*****
Offline Offline

Activity: 658



View Profile
March 18, 2015, 10:13:08 PM
 #8

People who are “sick of the confirmation time” don't understand that you can accept payments with 0 confirmations just fine.

An economy based on endless growth is unsustainable.
Lethn
Legendary
*
Offline Offline

Activity: 1484



View Profile WWW
March 18, 2015, 10:20:24 PM
 #9

I have noticed that lately the confirmation times have gotten a bit random, sometimes they take forever and sometimes it's extremely quick, that said I've been using Bitcoin a lot more lately.
MegaFall
Jr. Member
*
Offline Offline

Activity: 56


View Profile
March 18, 2015, 10:26:06 PM
 #10

People who are “sick of the confirmation time” don't understand that you can accept payments with 0 confirmations just fine.

Except when you're working on somebody elses rules and waiting for payment to clear before you can use a service.
Snipe85
Sr. Member
****
Offline Offline

Activity: 350



View Profile
March 18, 2015, 10:27:05 PM
 #11

People who are “sick of the confirmation time” don't understand that you can accept payments with 0 confirmations just fine.

Still it doesn't help when you want to move your funds to an exchange or some other place that doesn't allow you to use your money without multiple confirmations.
I had a number of transactions with a normal fee, that took more than an hour to confirm, which is quite annoying.

asuryan180
Hero Member
*****
Offline Offline

Activity: 868


View Profile
March 18, 2015, 10:28:00 PM
 #12

People who are “sick of the confirmation time” don't understand that you can accept payments with 0 confirmations just fine.

This is not in the ops hand he sounds like the buyer so that would mean contacting the seller and saying look buddy just accept my bitcoin with no confirmations as i am sick of how long it takes to confirm. Not sure the seller will really care if i am honest, what do you think?

That aside it would be much better if more most places could accept with 0 confirms the only one i know is luckybit,  it can be annoying for me as well sometimes 10mins other times near on an hour so yeh op you are not alone.

bitcoinbot
Full Member
***
Offline Offline

Activity: 158


View Profile
March 18, 2015, 10:54:22 PM
 #13

You are not the only one.
I had it the other day when I was trying to buy from Takeaway.com.

I needed to transfer funds to the Mycelium wallet on my phone and it took over 10 minutes. I wasn't that bothered because I just did something else while I waited but by the time the funds had arrived the QR code on takeaway had expired and I had to generate a new invoice.
Sheldor333
Sr. Member
****
Offline Offline

Activity: 406


View Profile
March 18, 2015, 11:03:40 PM
 #14

Yeah it is okey if you don't need confirmations but when you need them it can really be an issue. Wish that improved.

Zoomer
Hero Member
*****
Offline Offline

Activity: 658



View Profile
March 18, 2015, 11:08:20 PM
 #15

Sick of how long it takes to confirm a transaction. I even put a $4.00 miner's fee, and it is still taking over 2 hours for the second time.

Wish it could just be a little faster.... Am I the only one? Lol

They are a wined up to say the least, i have had them take over 2 hours before for just one confirmation was kind of scared to whether they would ever confirm it and it was not a small amount so i was on edge for awhile lol You are not the only one who would like to confirm faster. I would have avoided paying the extra miners fee unless you are feeling generous because like you have found out does not speed it up unfortunately.
R2D221
Hero Member
*****
Offline Offline

Activity: 658



View Profile
March 18, 2015, 11:09:29 PM
 #16

People who are “sick of the confirmation time” don't understand that you can accept payments with 0 confirmations just fine.

Still it doesn't help when you want to move your funds to an exchange or some other place that doesn't allow you to use your money without multiple confirmations.
I had a number of transactions with a normal fee, that took more than an hour to confirm, which is quite annoying.

In my experience as a buyer, when I've paid for stuff online, I've never had to wait for 1 confirmation. Most payments went through BitPay, who gladly accepts 0 confirmations. The issue with exchanges... well, their business is to handle money, so it's reasonable for them to be totally sure they get the confirmation.

An economy based on endless growth is unsustainable.
gentlemand
Legendary
*
Offline Offline

Activity: 1484


Hello You


View Profile
March 18, 2015, 11:14:29 PM
 #17

I can live with it. Some of the other coins can be horrific. I waited 6 hours for some NXT to show up on an exchange once upon a time.

waaat?
Full Member
***
Offline Offline

Activity: 140


View Profile
March 18, 2015, 11:26:31 PM
 #18

Sick of how long it takes to confirm a transaction. I even put a $4.00 miner's fee, and it is still taking over 2 hours for the second time.

Wish it could just be a little faster.... Am I the only one? Lol


you're in the wrong spot here. In this place everyone will tell you how happy they are with it and how it's not an issue and how it can't be avoided and how zero confirms are enough and what not. To be honest, i'd tell you i agree and prefer faster alts.  Wink
Bitcoin isn't superior to many alts. You got that right.
nsimmons
Sr. Member
****
Offline Offline

Activity: 308


View Profile
March 18, 2015, 11:37:45 PM
 #19

I've had the first confirmation take a while sometimes, missing a few blocks, but once its picked up it gets repeatedly confirmed with every block. How do you have 1 confirmation and then it's ignored for 2 hours?

leopard2
Legendary
*
Offline Offline

Activity: 1243


View Profile
March 18, 2015, 11:39:26 PM
 #20

LTC confirms much faster.

Truth is the new hatespeech.
Pages: [1] 2 3 4 5 »  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!