RE: Coinbase Delays BTC Withdrawals, Multibit HD Dies, BTC-E Ethereum Funds Move

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Coinbase Delays BTC Withdrawals, Multibit HD Dies, BTC-E Ethereum Funds Move

in bitcoin •  7 years ago  (edited)

Back on July 27, 2017, it took about 3 hrs for the transaction to appear on the Bitcoin blockchain. So you just have to be patient. If it doesn't show up after 6+ hrs, then I'd be concerned.

Hopefully, Segwit helps to alleviate this type of network congestion. And then the 2 MB block increase in Nov should improve the transaction flow even more.

bitcoin
7 years ago by

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      ·  7 years ago 

    I'll sell you segwit coins for Bitcoin Cash coins

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      ·  7 years ago 

    My friend has been waiting 18 hours. I helped someone else 8 hours ago and still pending. Safe to say it's time to be concerned.

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        ·  7 years ago 

      Just transferred from Coinbase to Copay mobile wallet. Took me 22.5 hours to move my BTC. Not exactly confidence inspiring to say the least!

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        ·  7 years ago 

      If I sold my truck for $9000 us dollars 💵 or 3.36 bitcoin would it take 6 hours to process the transaction? What if I meet a guy on the street and he had enough bitcoin, how long would that take? I need to set up Walet . @briandenver

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          ·  7 years ago (edited)

        then you ask for Dash not Bitcoin and it would take minutes :) or better yet steem

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            ·  7 years ago 

          Thanks for the great reply I @briandenver will read your comments and articles then make my own comments about the other information that others have left. Up vote and follow thanks.

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              ·  7 years ago 

            It didn't seem to matter (last night) which wallet I was transferring BTC from/to. It was oddly slow. The usual excuse of "the network is saturated" doesn't fly, though, because numerous blocks were far smaller than the typical "999827 bytes" (within a stone's throw of the 1MB maximum). If the miners were working non-stop full-tilt, then why were a sizable fraction of the blocks only 400k-600k? That implies that the mempool wasn't "full" (with backlogged transactions). Why else would a miner NOT pack more transactions into a block they're working? This was not limited to Coinbase. I had the same delays transferring from my Android wallet to Kraken, and from Coinomi wallet to Electrum.

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