Post
Topic
Board Bitcoin Discussion
Re: Every 3 days a block will take more than 1 hour to solve. Can anything be done?
by
Amph
on 14/07/2015, 14:18:29 UTC
Why is this a problem, exactly?

It's not a huge problem now but imagine (maybe somewhat in the future) you paid for something in a shop of a significant value (say $100) in bitcoin and the vendor required one confirmation for payment to be accepted. Waiting 10 minutes wouldn't be a problem  but 1 hour or more would start to be really inconvenient. You could also find that so many transactions had built up during that hour that your transaction would be delayed by a block or two (even with a miners fee).

If bitcoin wants to replace existing payment structures then we want to think of ways we can avoid these delays even if they are occasional.

3 days ago there were 2 long waits within a 2 hour period

364834   11/07/2015 09:14
364835   11/07/2015 10:03
364836   11/07/2015 10:06
364837   11/07/2015 10:09
364838   11/07/2015 10:16
364839   11/07/2015 11:08


not a problem if you use offchain system or payment gateway like gourl.io for example, also the majority are moving toward online shopping and less toward real life shopping, where waiting for your purchase is less important