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.Bitcrap is now up to 16 hours for 1 guy without a confirmation.
https://bitcointalk.org/index.php?topic=1689151.0
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.https://bitcointalk.org/index.php?topic=1689151.0
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
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
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..