Bitcoin (BTC) is currently undergoing parabolic growth in the
setting of unprecedented institutional and retail demand. The market cap
is currently US$287.6 billion on US$22 billion worldwide volume over
the past 24 hours. The market cap is approaching that of a major bank,
such as JP Morgan and Bank of America.
The entire Bitcoin ecosystem, including the network and all
exchanges, has been under heavy load over the past week, stress testing
the network's ability to scale.
The network’s mempool, or the number of unconfirmed transactions,
has increased to levels not seen since mid-November and is currently
over 200,000. The all time high for backlogged transactions was over
225,000 in May 2017.
As more and more transactions are piling up a higher fee must be
used in order to send a transaction with higher priority. As the number
of pending transactions subsides, miners work from the top down,
accepting transactions that paid the highest fee first. Transactions are
never lost but may take longer than expected when an appropriate fee is
not paid. The current best fee, as estimated by btc.com, is a median of
~$10/260 bait.
Unlike November, block times have remained unaffected and
currently stand at ~9.5 minutes. The block size is now averaging just
under 1.2MB. With more exchanges and wallets enabling SegWit addresses
every week, block sizes will continue to increase and more transactions
will be confirmed per day. SegWit transactions are now ~11% of the
total.
PPL can't spend money now - bcs most of transactions not
confirmed - so it can back to account the was sent - so we lost this
money - thats the problem
To not cry about order limit -check ur payments at blockchain first to see has it to be confirmed yet or not
PPL who send with hight fee (0.0000046 BTC / 1 byte) and not
heavy transaction (250-300 byte / 0.00138 BTC ) get money fast and can
spend money here
This transaction for example not confirmed yet:
https://blockchain.info/ru/tx/
f7aa6558b92e3892e7e9f82ceee18b4b224b9e39ba266fe949f07b2c7cb618ee
His commission is: $ 3.34
Size of transaction: 226 byte
Right commission: 0.0000046BTC x 226 byte = 0.0010396 (Its about 15.32$ by Poloniex.com rate)
So if anyone will ask about limit - permanent ban
x
ATTENTION !!!
Checker time - a lottery =)
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