The number of unconfirmed transactions is huge. And it's rising. I'm waiting for some of my transactions to be confirmed over 24 hours. Could it be this some kind of miners pressure because the fork was cancelled and now they are trying to change this? Maybe I'm paranoic but it seems to me this is not accidental. Like someone wants to prove their point.
There have been past instances of people sending out transactions between addresses owned by themselves to put pressure on the network in the past but this is quite expensive so I don't think that is what is taking place right now. The total fees that they would have to pay to send all those transactions would be astronomical.
https://blockchain.info/unconfirmed-transactions
126K unconfirmed transactions and climbing.
What happens if it goes to 200k? 500k? what if the miners dip out and no transactions can even be confirmed?
126K unconfirmed transactions and climbing.
What happens if it goes to 200k? 500k? what if the miners dip out and no transactions can even be confirmed?
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
no problem