Quote from: Daneric on November 21, 2016, 07:11:24 AM

I just thought about this today. Every time you are transacting with bitcoin, you will be told that you have to wait for bitcoin confirmation. This is common with bitcoin gambling sites. What I know is that bitcoin transactions are irreversible. Then why is it that you have to wait for the confirmation before initiating anything?

I think because it is need to mine first before it's completed, well if you don't want to wait longer then put a high fee instead of medium fee.

Quote from: wxa7115 on November 23, 2016, 11:31:47 PM

Quote from: aarons6 on November 22, 2016, 06:24:51 PM

Quote from: wxa7115 on November 22, 2016, 05:53:46 PM

Quote from: kiklo on November 22, 2016, 11:55:50 AM

Bitcrap is now up to 16 hours for 1 guy without a confirmation.

https://bitcointalk.org/index.php?topic=1689151.0

Quote from: dreamer81 on November 22, 2016, 09:57:45 AM

What is the normal amount of bitcoins transactions in queue? Currently it is close to 30000 transactions.
I have a transaction waiting for over 16 hours now. It has a fee, so am I guarenteed that it will be confirmed?

view the queue length here
https://blockchain.info/unconfirmed-transactions

If you send a very small fee then the confirmation time can be extremely long for some people but we must remember that we can adjust the rate of our fee so if we need a fast transaction we can always send a bigger fee and get confirmation in minutes.

by guessing.. since there is no real way to know how much fee you should add.. unless you just add some huge amount.

i sent a tx with .0003 fee and its been 9 hours.. that should have been enough fee for a few minutes, at least it has been in the past..

There is a site that allows you to see with 90% confidence how long your transaction could take depending in the fee you send, I don't post the link because I wont click on a link posted by someone I don't trust, but you can find it very easily by looking for: bitcoin fee transaction.

Oh, I would like to know that site, can you please post it here since a lot of people wants to know that or pm me if you want to private it.