As of now, Based in Washington, D. July 23, Since BitPay does not control confirmation times, there is unfortunately nothing we can do to speed up the process once your transaction has already been broadcast to the network. Most merchant account fine print say they can reverse a credit card transaction up to 6 months
If Alice wants to transfer her coins to Bob, she must publish her statement authorizing the transfer to the blockchain. Submit link NOT about price. If you have sent a transaction without or with an exceptionally small transaction fee expect it to be ignored for an unknown amount of time until a miner decides to process it and solves the block; this could be several days to several weeks, possibly never. I know I have waited for hours myself for a transaction over the last month, and this seems like it can be avoided, but you will have to be proactive, and not all wallet providers give you this flexibility. In this case, clearly the coins have not been transferred. Funds are spendable again in the BitPay wallet after transactions fail to confirm for up to 72 hours, but other wallets may behave differently.
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The miners who long the blockchain will only include this transaction if Alice has not yet transferred the confirm to anybody else, so once Bob sees the transaction appear in the blockchain he can be confident that he is the new owner. Making a Take RBF transaction depends entirely on the wallet that you are using. The fee for same sized transactions also depends on how busy can bitcoin network is at the moment. Transaction is also bitcoin block how limit. We have received your emails.
You can check the list of unconfirmed transactions to see what kind of priority you have: It's already confirmed by now. I guess I just struck bad twice.
From the list of unconfirmed transactions, it looks like the high-priority transactions all pay a fee of 0. Hero Member Offline Activity: Hokchorn on August 03, , I have transfered bitcoin since the morning till now it take 53 confirmations but still not finish.
My receiver use vipbitcoin. Anybody know why it take so long and too many confirmations? Bitcoin payments are broadcast within seconds. I don't believe your story. I hope the story is true, otherwise I just wasted 10 minutes making a nice answer for nothing No, because a merchant sending fiat can reverse the transaction WEEKS after they find out the transaction wasn't confirmed in 10 minutes. For example, didn't Mt Gox used to make you wait 6 confirmations for some things?
Not that Gox should be used as a shining example. Because proof-of-work is a retarded idea and any system that relies on it will be dreadfully inefficient. Use of this site constitutes acceptance of our User Agreement and Privacy Policy. Log in or sign up in seconds. Submit link NOT about price. Bitcoin subscribe unsubscribe , readers 15, users here now Bitcoin is the currency of the Internet: You can also explore the Bitcoin Wiki: Only requests for donations to large, recognized charities are allowed, and only if there is good reason to believe that the person accepting bitcoins on behalf of the charity is trustworthy.
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This is an archived post. You won't be able to vote or comment. Bitcoin submitted 2 years ago by [deleted]. Want to add to the discussion? Anyways, nice min-technical explanation! Most of Russia, all of US, most of third world.
For the rest of us, not such a problem. Finally, after 3 months or so, the money is deposited to the coffee shop's account. After 10 minutes, on average, it's settled. And it affects merchants who don't use chip and pin or 3d secure only. My Bitcoin wallet has recently taken longer and longer to receive a Bitcoin payment, have advised me of a delay, and sometimes even told me why I am still waiting.
In the summer of , the block size debate was all the rage, as the Bitcoin protocol showed signs of transaction fatigue for the first time. Some major corporations wanted to spike the block size to as high as 8 MB to ease the flow of Blockchain transaction traffic.
In the end, the community punted and kicked the block size can down the road. Alas, Bitcoin is just as popular as ever, but the total transactions per day has levelled off, most probably because of the current 1 MB limitations. There seem to be more transactions than overall space, so the block size is factor number one, but as I just mentioned, help is on the way.
My wallet has told me that the fees paid to miners for transactions are causing delays, so Here is what they found:.