Post
Topic
Board Bitcoin Discussion
Re: bitcoin transactions - Slow OR Fast
by
Mr. Big
on 09/01/2017, 11:23:31 UTC
I could say that it gets slower and slower, The other day, it took me few hours to receive my payment, and it is not like that before, it's taking too long now... Today, I send at around 2:00 PM Philippines time, and until now, it is still unconfirmed in the blockchain, I pay .0005 for the transaction fee and it is almost the same as paying small amount for it...  Smiley But it's okay, I'll just wait for it patiently, since I can't do anything to make it faster...  Smiley
can not agree more. Bitcoin transaction is getting slower and slower over every year. I think the main reason is because the number of people using bitcoin increases which raises the number of transactions. This process makes the miners can not confirm all transactions at the time. I do not know what will happen if everyone on this planet uses Bitcoin. The transactions may be slower than ever.

Yeah with a lot of transaction going on it cannot be handled. Same with computers which if you happened so many application it slows down. Are those who confirm this transactions can be enlarged? It is the miners right?

Just to update you guys, after five hours, I now see one confirmation in my tx...It's too long, I think there is something that makes the confirmation too long, maybe there's really so many transactions, I don't know, I am not sure since I am not expert at this but,  is this a sign that we need a much bigger transaction fee so it will be confirmed fast?