How long do you have to wait for a pending Bitcoin transaction to return to your wallet?
I've been waiting for more than a day. I set a fee of $4, but it's not mined yet. https://i.imgur.com/axPpWQP.png?1 the wallet is empty and the BTC is not on the receiving address. Will the transaction fail and return to the wallet? I checked Bitcoin Accelerators but they estimated $400! to push my tx
I usually use Ethereum or other alt chains but today I used bitcoin. The payment was sent 3 hours ago with a 56/sat fee and it hasn't yet confirmed. Is it likely to get confirmed at this point? Or will it fall off the network and be rejected?
"It has been over 10 hours and my bitcoin transaction still hasn't confirmed yet...This is one of the main reasons btc has not gained mainstream adoption yet as a peer to peer electronic cash. Imagine how users & businesses feel when it takes this long to confirm."
The price fluctuations in bitcoin space is nothing new but most times during such fluctuations the mempool tends to gets logged making transactions stuck longer than expected. Found this great tool that gives an estimate of how long it will take for transactions to confirm!
Do bitcoin transactions without an affixed miner's fee typically still get processed? If so, how long is the typical wait period?
Additionally, now that I think of it, how long is the typical wait period with the typical fee attached? And can you attach any size fee you want to offer? From these questions it's probably obvious I don't have a wallet outside an exchange yet. Was thinking of setting one up, but the total amount of fees required to go from cash to a bitcoin wallet to cash again, while understandably necessary, sure does seem discouraging. (Also while I'm at it, anyone have any non-hardware wallet recommendations? Seems like I've seen a lot of people suggesting good things about Electrum)
From an economist's perspective, how will the upcoming halving of bitcoin's mining reward affect the currency's ecosystem? The users, miners, energy consumption, security, transactions, fees, etc.? And what effect will this gradual reduction towards zero inflation have in the long term? Thanks
Edit : "reduction towards zero inflation"... and then gradual deflation due to permanently lost funds.
Ryan Walker on Twitter: "Been helping people learn how bitcoin transactions can be relatively cheap as long as they aren't URGENT. Made a decision tree to help. Until scaling solutions (lightning, schnorr) arrive you should still rarely ever pay more than $1 to transfer non-urgent transactions."
Devil's advocate: how long can bitcoin continue to grow/appreciate in value if it's continuously expensive to use? (transaction fees)
Can we please talk about this? Yes, I'm very involved in this community and I know the upgrades that are coming "down the pipeline". Imagine somebody who is just a normal person, wanting to use crypto. Why on earth would they use Bitcoin? It's an incredibly frustrating experience, as right now the network can only handle 400,000~ transactions per day on the higher end (Yes, I recognize Segwit isn't fully utilized) Long story short, does Bitcoin have enough momentum to survive until the "holy grail" of low fees on the network is reached? I've been using Bitcoin since 2013 and it's reached the point where it's just a frustrating experience. I don't even want to tell friends about it or use it personally. The only reason I'm still HODLING is because it's treated me so well in the past, and I have "that other coin" as insurance due to the fork.
How long does it takes to confirm a Bitcoin(BCH) transaction? [Lost 10$ already because of delay]
I transferred from my Local Indian exchange to Binance because prices were 10$ cheap in India, it's taking really long time more like 30 mins still not even single confirmation!!! now prices reduced more than 20$ than my buy price :( Last time I did same with XRP it was like really fast... Please tell when Will I receive in my account : 12KBkDPYXTfnoTmKnruVrjNz2GuFqGdcdX
Fun with numbers: Here is a rough estimate of how long it would take to exhaust all bitcoin addresses if a new address was used for every single transaction world wide.
So from what I can tell there are 2160 possible addresses, and from what I read there are roughly 10000 card transactions per second globally. Assuming that's not even half of the actual transactions that take place, and realizing with bitcoin there will be additional types of transactions, I will say someday we could see 50000 transactions per second. So in one year there would be 50000 x 60 x 60 x 24 x 365.25 = 1.58 x 1012 = 240.52 transactions. This means we could calculate that it could take 2160 / 240.52 = 2119.48 years to use every address. Even at 1000000 ts it would take about 2116 years. That's a long friggin' time! EDIT: I had some trouble getting the numbers to display correctly, but I think it is right now. EDIT 2: I made a math error, 2160 / 240.52 = 2119.48 EDIT 3: It should be noted that collisions will occur before this point, but due to collisions it would actually increase how long the exhaustion would take.
Diese Bitcoin Transaktion wird dann im Netzwerk mit der Bitcoin-Adresse des Senders als Transaktionseingabe registriert. Gleiches gilt auch, wenn der neue Empfänger später die Coins weiterverkauft. Mit diesem System können die User die Bitcoin Transaktionen bis hin zum Zeitpunkt der Erstellung der bisherigen Transaktionen weiterverfolgen. How Long Does It Take to Transfer Bitcoin in Between Wallets? The amount of time it takes to transfer between wallets will vary with each transaction. Each Bitcoin transaction needs to be network-approved before completion. The standard set by the Bitcoin community is six transfer confirmations before it is complete. Each confirmation can be ... Bitcoin Transaction: How Long Does it Take to Confirm? It takes about an hour on average to complete a transaction, as the average time it takes to mine a valid Bitcoin block is ten minutes. However, the rise in the use of Bitcoin and its subsequent boom in popularity has caused congestion on the Bitcoin network. For instance, if your transaction is added in the block and immediately mined ... Long story short, a Bitcoin transaction can take up to 60 minutes or even a day or two to get confirmed. You think I’m exaggerating? Read on. But before knowing that, it is imperative to understand what factors affect the transaction time of Bitcoin. And there are primarily two factors, namely: Load on Bitcoin’s network; Transaction fee attached to a BTC transaction; The load on the ... Yes, of course, there are some Bitcoin transaction time estimators that you can use, but they all rely on the Bitcoin transaction fees you have attached to that particular transaction. So let say you have attached ‘X’ Satoshis/byte of fees for a Bitcoin transaction then you can very well calculate how much time (or how many blocks) you will need to wait before getting the first confirmation.
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