The miners are doing everything they can, but that's clearly not enough.
Check this one:
https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24
That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes.
I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular.
Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year.
Check this one:
https://btc.com/000000000000000002e4403e2babdccfe89704277ea48e1ab3ed5957cdfb1f24
That block contains 2,469 transactions (is this the new record?), and it's nearly touching the 1MB block size limit at 998,085 Bytes.
I'm still waiting for larger block sizes, or SegWit which could assuredly help on the short term, but meanwhile there is no other solution than to go for larger fees, with the risk of making BTC less popular.
Miners, and all BTC developers should understand that BTC's growth requires a growing infrastructure and includes a growing block size. Visa wasn't able to handle thousands of transactions every second some decades ago, but Visa has good managers and they anticipated the growth of the network. BTC needs to do the same. If I'm reasonable, I'd say the block size should be increased 50% each year.
Nope, saw one by HaoBTC for 3200 transactions yesterday,
Theoretical limit is 4200 transactions per block.
3200 transactions, that's impressive, and it's also a matter of chance, as there were very few large transactions in that block.
Things look like it's getting better with only 27K transactions waiting as of now, but there might plenty of large ones in that number...
Made a SEPA transfer from Switzerland to the UK last Friday morning. The money arrived on Tuesday morning. That's awfully slow but that transfer was free.