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Showing 7 of 7 results by c0in3r
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Topic
Board Bitcoin Discussion
Re: Big bitcoin payment still not confirmed, used Electrum with default fee setting.
by
c0in3r
on 28/10/2017, 09:29:16 UTC
Wow thanks for all the information, i guess i'll be waiting awhile then since this is 10 blocks expected confirmation time
Post
Topic
Board Bitcoin Discussion
Big bitcoin payment still not confirmed, used Electrum with default fee setting.
by
c0in3r
on 28/10/2017, 08:40:26 UTC
How long will it take for this to confirm? https://www.blocktrail.com/BTC/tx/afd331b57479cad7084a96d5772579ac41b4682fb17a3e82c528e0fd7ed9e935

I'm worried as all my other payments that were smaller were almost instantly confirmed then when i do a bigger one 0.4 btc it just simple says unconfirmed, no status no nothing, whats going on?

I sent this using electrum electrum-2.9.3-portable

Thanks.
Post
Topic
Board Bitcoin Discussion
Re: Why is bitcoin becoming so god damn slow?
by
c0in3r
on 15/05/2017, 17:45:54 UTC
So a person wanting to use the currency must more or less be some kind of wallsreet trading expert and follow the market fees daily to use this to pay every now and again, gotcha.

paid 1$ for a 130$ transaction, seems fair enough, banks take less and its instant

absolute horrorshow.
Post
Topic
Board Bitcoin Discussion
Topic OP
Why is bitcoin becoming so god damn slow?
by
c0in3r
on 15/05/2017, 17:30:03 UTC
Hello,

I was under the impression that this new currency was fast, my first payment took 3 days to confirm, was told it was something about the fees, i now have increased my fees and i've waited 2 hours, nothing..
can someone tell me why this payment wont just confirm already?
https://blockchain.info/tx-index/93d43009a1efd4a9fdc4b63e8126599234ac2fb433097095c496445040e6240e

this bitcoin thing is absolutely horrible, the fee is constantly increasing and the delay seems insane, can't be used with trust when payments are days delayed everytime you don't want to spend 10% of the amount you send in fees.
Post
Topic
Board MultiBit
Re: Help... why is my bitcoin transaction from blockchain taking over 24 hours?
by
c0in3r
on 25/01/2017, 18:31:36 UTC
I don't even understand or claim to understand how any of this works, i have a desktop wallet but someone owns my wallet you say?

I though it was an encrypted file on my computer.... Smiley

Anyway, this is the transaction i've been waiting for, it's been almost 24 hours now, seen by 20 peers. usually gets confirmed within 6 peers and an hour... can you see any faults?

https://blockexplorer.com/tx/cecac6a52277dbb12c1680ce4673aa3653e8a34fccaa4b850d175a519d7b138e
Post
Topic
Board MultiBit
Re: Help... why is my bitcoin transaction from blockchain taking over 24 hours?
by
c0in3r
on 25/01/2017, 12:34:35 UTC
Hi,

With the tiny information you gave I can tell that:
* The network is very busy. The mempool (not yet processed transactions) is 37 MB instead of the usual / nice 2-8 MB.
* There's a high chance the tx fee you paid is small, much smaller than the currently recommended 100 satoshi / byte.

I recommend Electrum, where I know for sure that you can adjust the fee by hand before sending.

Edit: if you send the tx ID I can see how small your fee was. I look here to see how busy the network is and what fee I should use.
Edit2: another recommended wallet is the Bitcoin QT, where afaik you can have all the control you need (even re-send the transaction with higher fee), but I don't use that one.

Thanks for the tips, okey i realize the "fee" when doing a transaction is something i've always ignored, and it's not an option to set it in the bitcoin wallet i use, which makes me believe perhaps it wasn't a thing when i started using bitcoin 3 years ago? It appears the fee for this transaction was 0.0001 btc or 0.09$ i don't know if that's 100 satoshis or not but i guess i'm below the limit to get prioritized.

So from what i understand the transcation rates are slower these days because more transactions are occuring? That means more people are using bitcoin?

I'll look into moving my stuff into another bitcoin client for now, thanks
Post
Topic
Board MultiBit
Topic OP
Help... why is my bitcoin transaction from blockchain taking over 24 hours?
by
c0in3r
on 25/01/2017, 12:13:51 UTC
Hello,

I have been using bitcoin for a couple of years on and off now and at first the experience was always quick and rapid, but lately it's really gone bad, my last tranaction took around 12 hours to complete and my current one is still waiting to confirm and it's been almost 20 hours now, how is this the future of money if it's so slow?

Is it my bitcoin wallet software that is outdated? I'm using MultiBit 0.5.18 which is an old version.

Please help me, recommend me a fast wallet, i can't deal with this slowness. whats going on?