Blockchain delay?

**TheMoneyShot** · 10-20-16, 02:54 AM

So overall... It took around 11.5 hours for it to complete.

**raiders72001** · 10-20-16, 06:02 AM

Originally posted by Plaza23

Waiting 1 to 7 days for a transaction to either be accepted or rejected is crazy. If that's your bank roll to bet with, or money you cashing out to spend...for it to spend up to 7 days in limbo is not a good system at all. Hope BTC figures this out soon.

They've been discussing a fix to the block size for some time now to prevent delays. These delays are going to happen from time to time until something such as Segregated Witness is implemented.

1-7 days shouldn't be happening unless no fee is sent but hours will happen on occasion. Most of my transactions are still fairly fast but delays do happen.

**littlekona** · 10-21-16, 09:54 AM

Anyone else still experiencing delays? Two days in a row I had long delays in confirmations of anywhere from 3 hours to 10..

**TheMoneyShot** · 10-21-16, 02:16 PM

Originally posted by littlekona

Anyone else still experiencing delays? Two days in a row I had long delays in confirmations of anywhere from 3 hours to 10..

Crazy delays isn't it?

The only book that you can send without any confirmations is Bovada. Once you send the Bitcoin through the network. They credit your acct within seconds. Without any confirmations.

It would suck waiting for a deposit to credit.... and it takes 6-10 hours.

**Roscoe_Word** · 10-22-16, 04:37 PM

I went kraken to blockchain to sportsbook today. Only about a half hour for blockchain.

**hello1234567** · 10-24-16, 09:23 PM

Anyone else having a delay tonight? 4 hours and not a single confirmation yet.

**nymfan99** · 10-25-16, 05:46 PM

6 hours and counting for me. Incredibly frustrating. To confirm is this an issue with blockchain wallet or is an issue with any wallet? I have about 5k of BTC in limbo right now.

**Optional** · 10-25-16, 06:20 PM

Originally posted by nymfan99

6 hours and counting for me. Incredibly frustrating. To confirm is this an issue with blockchain wallet or is an issue with any wallet? I have about 5k of BTC in limbo right now.

Apparently delays are being caused by a size limit in the actual blockchain code that is approaching. This affects all transactions no matter what wallet you use.

There is a temporary fix on the way soon. Again apparently.

**me-first** · 10-26-16, 01:32 AM

waiting over 12 hours for a confirmation..

**nymfan99** · 10-26-16, 03:56 AM

im up to 16 hours. Emailed blockchain and they said they have no control over it. It could take up to 1-7 biz days to get credit to the receiver or it will get credited back to my wallet.

Really annoying to have 7k tied up.

**Optional** · 10-26-16, 04:23 AM

Wow this is really bogging down fast for some people.

Anyone seeing any fast transfers still?

**Alfa1234** · 10-26-16, 04:32 AM

Just noticed this, so apparently the delays are not due to low fee on sportsbook side. Apologies for my post, (which has already been deleted), in the payout thread.

**Optional** · 10-26-16, 04:45 AM

Originally posted by Alfa1234

Just noticed this, so apparently the delays are not due to low fee on sportsbook side. Apologies for my post, (which has already been deleted), in the payout thread.

It could be that as well. As the backlog builds, the fee needed to transfer fast will be flying upward. Your post was only deleted as the payout reports thread is just for payout reports, not comments.

**Alfa1234** · 10-26-16, 04:47 AM

Well...on the bright side...at least the bitcoin price has been climbing steadily so we're slowly making some money off these delays.

**ParlayKing1986** · 10-26-16, 07:03 AM

I did a couple last night and even though it saod medium priority which it never use to say..both were under an hour.

**raiders72001** · 10-26-16, 07:05 AM

It's not always the fee but here's a guide.

https://bitcoinfees.21.co/ Drop down menu on the left allows you to switch fees from Satoshis to BTC.

**Optional** · 10-26-16, 07:14 AM

Originally posted by raiders72001

It's not always the fee but here's a guide.

https://bitcoinfees.21.co/ Drop down menu on the left allows you to switch fees from Satoshis to BTC.

Looks like you need about 6 cents per 100kb to be most effective right now.

or 13 cents for the average transaction size.

**raiders72001** · 10-26-16, 07:18 AM

This will help.

Bitcoin was not designed to handle micropayments since its initial launch in 2009. It was developed to create a trustless environment for anyone to send payments to one another without the existence of a mediator. That means, increasing transaction costs such as miners fee is the replacement for the presence of a third party authenticator, which is substantially more expensive if the costs of credit card and bank payments are considered.However, as bitcoin began to gain mainstream attraction and more individuals started to utilize the cryptocurrency, for casual payments it transformed bitcoin into a cheap and anonymous form of money that anyone can use to settle small transactions with smaller fees. As the number of transactions began to rise and the block size limit was consistently tested, the fees rose naturally.
To satisfy the community’s demands, the Bitcoin Core development team released a series of solutions that could transform bitcoin into a global digital currency. Technologies like Segregated Witness (SegWit), Mimblewimble, and Lightning allow bitcoin to scale more efficiently, become completely anonymous, and handle micropayments.
Taking a step toward fulfilling the role of a truly, global currency, SegWit is due for release and activation on November 15. Bitcoin Core developers also just released the test for the upcoming SegWit update on October 19.

https://btcmanager.com/news/tech/blo...se-approaches/

**cloverfield** · 10-26-16, 07:22 AM

paid same fee as always for a normal transaction. I'm at 9 hours and counting and not a single confirm. There is a huge unconfirmed backlog so it's not like we don't know what the issue is.

**Optional** · 10-26-16, 08:11 AM

Originally posted by raiders72001

This will help.

https://btcmanager.com/news/tech/blo...se-approaches/

So another 3 weeks of this by the looks.

Fingers crossed it works first try.

**nymfan99** · 10-26-16, 08:44 AM

whats the longest someone has waited?

I'm at 20 hours

**cloverfield** · 10-26-16, 08:57 AM

Originally posted by nymfan99

whats the longest someone has waited?

I'm at 20 hours

more and more transactions keep coming in. still at 45k unconfirmed. probably going to be days since we sent with the normal transaction fee.

**Roscoe_Word** · 10-26-16, 09:09 AM

Aside from the technical aspects that Opti and Raiders (and many posters) understand so well, could I propound a simple theory.

Maybe the "transaction time" is proportionate to the amnt being moved?

For instance a $100 transaction = 4 hours
$5,000 transaction = 36 hours

**cloverfield** · 10-26-16, 09:16 AM

Originally posted by Roscoe_Word

Aside from the technical aspects that Opti and Raiders (and many posters) understand so well, could I propound a simple theory.

Maybe the "transaction time" is proportionate to the amnt being moved?

For instance a $100 transaction = 4 hours
$5,000 transaction = 36 hours

it's only related to the transaction fee. if you set the fee to .50 cents USD it'll confirm usually in the next block. if you use a wallet that "automatically" sets the fee, it usually sets it to .15 cents USD or less. now that people know the backlog is upon us, they are sending it with a higher fee. however many unconfirmed transactions keep popping up, they keep taking precedence if their fee is higher. it doesn't care about the amount of the transaction, just the fee you sent with it

**Optional** · 10-26-16, 09:18 AM

Originally posted by Roscoe_Word

Aside from the technical aspects that Opti and Raiders (and many posters) understand so well, could I propound a simple theory.

Maybe the "transaction time" is proportionate to the amnt being moved?

For instance a $100 transaction = 4 hours
$5,000 transaction = 36 hours

Unfortunately not.

It's based on the physical size of the transaction file. As that is what dictates how much miner time/power is required to confirm (solve) the transaction file.

This can vary wildly and we have seen very large ones where a payment is made up of funds coming from many different wallets into the one transaction.

I am not expert enough to know how to minimize this size from our end but maybe Raiders could comment on that for us...

**cloverfield** · 10-26-16, 09:21 AM

Originally posted by Optional

Unfortunately not.

It's based on the physical size of the transaction file. As that is what dictates how much miner time/power is required to confirm (solve) the transaction file.

This can vary wildly and we have seen very large ones where a payment is made up of funds coming from many different wallets into the one transaction.

I am not expert enough to know how to minimize this size from our end but maybe Raiders could comment on that for us...

depends how much you pay as a fee to get the transaction confirmed. here is an example: last night I sent .35 BTC with a "normal" transaction fee of .15 cents. That used to get confirmed in 20 mins. It's been 12 hours and it's still not confirmed. I sent another .35 BTC in the last hour, with a .50 cent fee..it confirmed in less than 10 mins. It's all about the fee.

**Roscoe_Word** · 10-26-16, 09:21 AM

Originally posted by cloverfield

it's only related to the transaction fee. if you set the fee to .50 cents USD it'll confirm usually in the next block. if you use a wallet that "automatically" sets the fee, it usually sets it to .15 cents USD or less. now that people know the backlog is upon us, they are sending it with a higher fee. however many unconfirmed transactions keep popping up, they keep taking precedence if their fee is higher. it doesn't care about the amount of the transaction, just the fee you sent with it

Ah, I get it. I had a small $100 transaction that took about 4 hours a few days ago. I didn't set any fees (not sure I could even find that at the site) and it worked OK. Hope this works out. Thanks

**cloverfield** · 10-26-16, 09:24 AM

Originally posted by Roscoe_Word

Ah, I get it. I had a small $100 transaction that took about 4 hours a few days ago. I didn't set any fees (not sure I could even find that at the site) and it worked OK. Hope this works out. Thanks

Yes you got it. The normal transaction fee a few days ago was fine for a decently timed confirmation. In the last couple days the network is getting hammered by a lot of transactions. The higher the fee, the higher the priority. It's not like standing in a line at Disney World, even the newer transactions will take precedence over your old one if their fee is higher.

**Roscoe_Word** · 10-26-16, 09:26 AM

Originally posted by Optional

Unfortunately not.

It's based on the physical size of the transaction file. As that is what dictates how much miner time/power is required to confirm (solve) the transaction file.

This can vary wildly and we have seen very large ones where a payment is made up of funds coming from many different wallets into the one transaction.

I am not expert enough to know how to minimize this size from our end but maybe Raiders could comment on that for us...

I see, thanks.

**Optional** · 10-26-16, 09:27 AM

Originally posted by cloverfield

depends how much you pay as a fee to get the transaction confirmed. here is an example: last night I sent .35 BTC with a "normal" transaction fee of .15 cents. That used to get confirmed in 20 mins. It's been 12 hours and it's still not confirmed. I sent another .35 BTC in the last hour, with a .50 cent fee..it confirmed in less than 10 mins. It's all about the fee.

Well partly. But the fee as a percentage of the KB size of the actual transaction file is what counts.

So a 15 cent fee on a 100kb one would get more priority than a 50 cent fee on a 400kb transaction file. Regardless of how much money value was involved in each one.

**cloverfield** · 10-26-16, 09:28 AM

Originally posted by Optional

Well partly. But the fee as a percentage of the KB size of the actual transaction file is what counts.

So a 15 cent fee on a 100kb one would get more priority than a 50 cent fee on a 400kb transaction file.

of course. just trying to help out the common user in this thread. if they send a single transaction, just up the fee to around .50 cents. that will get you on the fast track to confirmed while this backlog is happening.

**Roscoe_Word** · 10-26-16, 09:29 AM

Originally posted by cloverfield

Yes you got it. The normal transaction fee a few days ago was fine for a decently timed confirmation. In the last couple days the network is getting hammered by a lot of transactions. The higher the fee, the higher the priority. It's not like standing in a line at Disney World, even the newer transactions will take precedence over your old one if their fee is higher.

Thanks for the info, Clover!

**nymfan99** · 10-26-16, 09:58 AM

How do you change the fee! I didn't know this

**nymfan99** · 10-26-16, 10:04 AM

is there anyway to increase a fee on a past transaction?

**Optional** · 10-26-16, 10:08 AM

Originally posted by nymfan99

is there anyway to increase a fee on a past transaction?

No.

Originally posted by nymfan99

How do you change the fee! I didn't know this

If using the blockchain.info/wallet then when you click send look for the link bottom left that says "Advanced Send Options". You can adjust the fee in there manually.