Post
Topic
Board Bitcoin Discussion
Re: I know this has been brought up before, but confirmation times are getting weird
by
MoonShadow
on 15/11/2013, 05:12:14 UTC

Simple version: blocks are 90% empty, tx wait longer to be included in a block


Pay 0.0001XBT fee, or 0.04USD, will solve the problem

That's it, right here.  The block only permits a limited amount of zero fee transactions to be included, and any additional transactions must meet the criteria for the fee schedule to be included into a block.  Basicly, too many people are choosing cost of transaction over time to confirmation.  This is to be expected as the number of transactions increase, as this sets up a market for the fees (higher fees are more likely to be favored into the next block) while still providing for a free (or out of band transaction fee) methodology.