Friday, December 29, 2017

Scaling Problem is still not solved

There are a number of sites which are my source of bitcoins and they are having problems with the scaling problem , related to this are the higher fees and the long time confirmation for the transactions .  The list below are the bitcoin sites and what they are saying about the original core or the ; 

From hashflare. 

 Dear users,
Creating new Bitcoin withdrawal requests is temporarily disabled due to a very large number of not broadcasted and/or unconfirmed transactions still pending on the side our provider, Read more from our newsletter here.

Update 27.12.2017 09:55 UTC: BTC withdrawals are enabled in test mode, with the minimum withdrawal amount set to 0.05 BTC. Bitcoin network fee at the moment is 0.0006 BTC. We are working on changing the method of creating transactions to batches of multiple withdrawals, to reduce the time it takes withdrawals to reach the destination wallets and to reduce the network fee for our customers. We do not recommend withdrawing while the network fee is this high.

Useful links:

Because of the all time high amount of unconfirmed transactions in the Bitcoin network, the network fee (commission fee in fluctuates.

From ; Banner

We are experiencing difficulties processing withdrawals at the moment due to the increased bitcoin network traffic. This has caused numerous problems with our processing system regarding processing withdrawals.
Expect a fix in the coming days. For those who have been sent transactions that have not confirmed yet, they will either be eventually confirmed within 2 weeks or we will resend them.
In the time being, you are free to request withdrawals, but no pending withdrawals will be processed until the issues are fixed.
We are sorry for any inconvenience and are working diligently to fix these issues as soon as possible. 

I know that its not only me who is affected by this scaling problem of bitcoin the bitcoin will be trying the hard fork , it was set to start December 28/ 17 but the effect is still not not being felt yet.  We have to wait , bitcoin is undergoing one of its crisis and since 2009 just like the internet is being attacked or being corrupted. 

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