Post
Topic
Board Bitcoin Discussion
Re: 126K unconfirmed transactions right now...
by
frankbitcoin
on 11/11/2017, 19:40:07 UTC
https://blockchain.info/unconfirmed-transactions

126K unconfirmed transactions and climbing.   Huh Huh

What happens if it goes to 200k?  500k? what if the miners dip out and no transactions can even be confirmed?  Undecided

The network will soon start to reject some of the older transactions and the transactions with the higher fees will get confirmed, the situation will fix itself soon. When there are thousands of backlogged transactions, the average transaction fee goes up which gives miners an incentive to keep mining, I'm certain that the miners will continue to mine. If they stop for some reason, i guess that the network will reject the transactions and the coins would be returned to the wallet that they're being sent from.

ohh, thank you.  I didn't know that, thanks for shedding some light on it  Smiley