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Murch
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Why did this transaction take so long to be put in a block?

I initiated a 7 BTC transfer at 6:13 PM Eastern Time from Coinbase to an external address in an over the counter transaction today. It was put in a block 4.5 hours later (10:42 Eastern Time)

Not conducive to doing business at all :(

I checked /tried these things:

  • I saw many blocks had been mined since my transaction was initiated at Coinbase.
  • I saw there was a fee on the transaction
  • I tweeted an inquiry to Coinbase
  • I saw Coinbase was connected to 118 peers
  • I saw other Coinbase transactions posted after mine confirmed within 20 minutes.
  • I tried to manually broadcastmanually broadcast the raw transaction on blockchain
  • I read Coinbase blog post that they had slow confirms in February.

Why did this transaction take so long to be put in a block?

I initiated a 7 BTC transfer at 6:13 PM Eastern Time from Coinbase to an external address in an over the counter transaction today. It was put in a block 4.5 hours later (10:42 Eastern Time)

Not conducive to doing business at all :(

I checked /tried these things:

  • I saw many blocks had been mined since my transaction was initiated at Coinbase.
  • I saw there was a fee on the transaction
  • I tweeted an inquiry to Coinbase
  • I saw Coinbase was connected to 118 peers
  • I saw other Coinbase transactions posted after mine confirmed within 20 minutes.
  • I tried to manually broadcast the raw transaction on blockchain
  • I read Coinbase blog post that they had slow confirms in February.

Why did this transaction take so long to be put in a block?

I initiated a 7 BTC transfer at 6:13 PM Eastern Time from Coinbase to an external address in an over the counter transaction today. It was put in a block 4.5 hours later (10:42 Eastern Time)

Not conducive to doing business at all :(

I checked /tried these things:

  • I saw many blocks had been mined since my transaction was initiated at Coinbase.
  • I saw there was a fee on the transaction
  • I tweeted an inquiry to Coinbase
  • I saw Coinbase was connected to 118 peers
  • I saw other Coinbase transactions posted after mine confirmed within 20 minutes.
  • I tried to manually broadcast the raw transaction on blockchain
  • I read Coinbase blog post that they had slow confirms in February.
Tweeted twitter.com/#!/StackBitcoin/status/397209531861987328
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Why did my Coinbase transaction take 4.5 hours to get in a block?

Why did this transaction take so long to be put in a block?

I initiated a 7 BTC transfer at 6:13 PM Eastern Time from Coinbase to an external address in an over the counter transaction today. It was put in a block 4.5 hours later (10:42 Eastern Time)

Not conducive to doing business at all :(

I checked /tried these things:

  • I saw many blocks had been mined since my transaction was initiated at Coinbase.
  • I saw there was a fee on the transaction
  • I tweeted an inquiry to Coinbase
  • I saw Coinbase was connected to 118 peers
  • I saw other Coinbase transactions posted after mine confirmed within 20 minutes.
  • I tried to manually broadcast the raw transaction on blockchain
  • I read Coinbase blog post that they had slow confirms in February.