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    Author Topic: 220k unconfirmed transactions  (Read 1749 times)

    • Kemarit
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    December 09, 2017, 05:22:52 PM
     #81
    Quote from: flower1024 on December 09, 2017, 05:17:01 PM
    Quote from: moooonu on December 09, 2017, 05:03:07 PM
    These unconfirmed transactions are going to increase transaction fee which means more profit to the miners. Also this isn't good for bitcoin holders as they have to pay alot of fee.
    Yes this is the advantage for the miners and disadvantage for users. now many people do transactions because from last 1 week the price was high and now it is decreasing so people will convert BTC to other currencies. If this takes high fee plus late confirmation means people will scare to do the transaction. If it stuck in the network who will take care?

    I guess it really depend on the people who what's to do transaction because its really disadvantageous. I have transactions stuck for 2 days and I wasn't able to exchange at the precise moment when bitcoin price is high,  and now I already lost a lot because of it. Although I'm frustrated I guess its much better to hold on my coins in an exchange and wait till the price goes up again. Although network congestion is down to 100,000 right now, its still really hard to make transactions unless you really set a high fees for the miners. But hey, Lightning Network will be coming so I hope this will really solved the current situation with high fees, slow confirmations.
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  • ogini
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    December 09, 2017, 05:56:42 PM
     #82
    This  is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold

  • yluna88
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    December 09, 2017, 06:03:36 PM
     #83
    172,000 unconfirmed transactions now. There's a new article on CoinTelegraph on this...
    https://cointelegraph.com/news/analyst-suspicious-bitcoin-mempool-activity-transaction-fees-spike-to-16

  • GeePeeU
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    December 09, 2017, 06:05:35 PM
     #84
    So when FUD, and Panic selling really kick in, whatya think it'll climb too?  Shocked

    350k?
    Always doubt.

  • RawDog
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    December 09, 2017, 06:32:25 PM
     #85
    Quote from: ogini on December 09, 2017, 05:56:42 PM
    This  is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
    Let me help you figure it out...

    Blockstream can't charge to use their offchain Lightning product unless you are so frustrated with on chain transactions that don't work.  So, they tricked everyone into believing SegWit helps with capacity.  Of course, it doesn't.  But they needed SegWit to make Lightning work!!!! 

    Get ready to send Blockstream money every time you want to make a transaction!!!
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  • tabas
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    December 09, 2017, 07:42:48 PM
    Last edit: December 09, 2017, 09:42:51 PM by tabas
     #86
    Checking the unconfirmed transactions now it went down 164k so that's improving while the price starts to get down too.

    Quote from: ogini on December 09, 2017, 05:56:42 PM
    This  is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold

    I did some transactions and paid for $7 fee Undecided

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  • eaLiTy
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    December 09, 2017, 07:47:03 PM
     #87
    Quote from: ogini on December 09, 2017, 05:56:42 PM
    This  is really bugging me,can just do any thing for a week now,can not really figure out what is behind this hold
    It is expected that the price of bitcoin would soar in the coming weeks because of the new markets coming up and i did my transactions much before that as i knew when ever there is a price surge of this magnitude ,the network will be full and you cannot move your coins for a long time,unless you pay a much bigger fees,people are doing more transactions when the price of bitcoin surges and that is making problems to the entire network.

  • Degaucho
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    December 09, 2017, 07:55:40 PM
     #88
    Although the amount of Cheesy
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  • Gleb Gamow
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    December 09, 2017, 10:15:36 PM
     #89
    It seems like only yesterday where we saw swings in the tens of dollars. It was literally ONLY last month where we saw swings in the hundreds of dollars. Today, we're acclimating ourselves to seeing swings in thousands of dollars per bitcoin. At this rate, sometime next year we could see swings in the tens-of-thousand-dollar range.

    Ten years from now ...


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    Must not be that many investors interested in taking a profit at the current rate, eh, Joe?"

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    December 20, 2017, 08:10:50 AM
     #90
    Your fee might be high because of many reasons, in this case, traffic on the network and/or a high amount of inputs. A lot of people blame Bitcoin for its lack of scalability but we have to remember that we have already introduced SegWit in August. It's not the community fault that the most popular exchanges and wallet (except hardware and paper wallets) haven't implemented support for SegWit addresses (by support I mean that the addresses they generate are not SegWit ones). A lot of people send their bitcoins to exchanges in order to cash out or buy altcoins which might increase soon.
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