It's been like this because it stopped making money and people stopped mining it, preferring to mine other currencies.
Were you under some impression that the transactions were handled by a third party?
It's been like this because it stopped making money and people stopped mining it, preferring to mine other currencies.
Were you under some impression that the transactions were handled by a third party?
you're retarded, do you even have any idea how many miners are mining bitcoin right now? i can tell you it's a ridiculous amount. There are entire datacenters dedicated to just mining bitcoins. The reason transactions are slow is because each block is only 1mb right now and you can only fit so many transactions into a single block and each block can only be mined by the network at a certain speed. Not to mention bitcoin shot up to 4k USD recently making anyone who was mining it when it was
Sure buddy.
Ponzi scheme has to halt someday
Looks like a ddos attack. Someone flooding with nodes.
t. Running a full node right now
Maximum # of transactions per block is around 3k.
Each block is calibrated to take about 10 minutes to complete.
Somebody could be trying to overload the service by creating a large number of transactions.
something something blocksize too small something bitcoin cash.....
>each block is only 1mb right now
> right now
Are you implying that block size can easily be increased?
It's already been done
It's a DDOS via many small transactions to get reactionaries to hedge BCC since it's in the trash