It really smells like a religious war to me, or at least one where both sides have a huge money interest in seeing their side win. Has anyone done a TL;DR on what it means for the DNM scene?
Is there an ELI5 on what all this controversy over block sizes and shit means for normal people who just want to buy drugs?
It really smells like a religious war to me, or at least one where both sides have a huge money interest in seeing their side win. Has anyone done a TL;DR on what it means for the DNM scene?
[5 Points] endedbytheknife:
[1 Points] Absynth421:
Its basically that due to the incredibly high volume of BTC transactions lately, the miners, whose job it is to confirm transactions, are overwhelmed. The reason you set a transaction fee is because that is the "incentive" for a miner to notice your transaction and thus, confirm it. Since there is so much traffic on the BTC blockchain, transactions fees are becoming exceedingly higher in order for the miners to notice them in a timely fashion. Setting your transaction fee manually and searching for the suggested transaction fee before you send your transaction will help insure that it goes quickly and smoothly.
https://bitcoinfees.21.co/ is a calculator that will show you the lastes transactions, their fees and the estimated amount of time the said transaction will become confirmed.
Setting your fee manually to about .0010BTC/Kb should also help. That is about 1.2$ at the current price, but most transactions are about 1/4 of that size so its usually about 20 cents or so per transaction.
I hope that helps a little and good luck out there :)
[1 Points] crushdudes:
Right now, most clients doing mining are set up to limit blocks to 1MB.
Some people want to increase this limit, so more transactions can be included in each block. If the limit is increased or removed, transactions will process quicker whenever there's a lot of volume on the network. Nothing else will change.
try a sub tailored to btc
/r/bitcoin
/r/BTC