{"id":99387,"date":"2020-10-28T13:45:04","date_gmt":"2020-10-28T10:45:04","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017\/"},"modified":"2020-10-28T13:45:04","modified_gmt":"2020-10-28T10:45:04","slug":"unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017\/","title":{"rendered":"# Unconfirmed transactions on Bitcoin network at highest level since 2017"},"content":{"rendered":"<p>&#8220;<strong># Unconfirmed transactions on Bitcoin network at highest level since 2017  <\/strong>&#8221;<\/p>\n<div data-v-5a136f3a=\"\">The Bitcoin network has slowed down amid Bitcoin\u2019s (BTC) new price highs, causing a large number of unconfirmed transactions.<\/p>\n<p>According to mempool transaction count on <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" href=\"https:\/\/www.blockchain.com\/charts\/mempool-count\">Blockchain.com<\/a>, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of unconfirmed Bitcoin transactions recorded since late 2017 when Bitcoin hit $20,000.<\/p>\n<p>The all-time high of unconfirmed transactions in the Bitcoin mempool was recorded in early December 2017, accounting for about 180,000 transactions, according to data from Blockchain.com.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2020-10\/bf9a0be3-9528-4361-a5c2-288d8a206bce.png\"\/><figcaption style=\"text-align: center;\"><em>Total of unconfirmed transactions at publishing time. Source: Blockchain.com<\/em><\/figcaption><\/figure>\n<p>The high number of unconfirmed transactions comes amid Bitcoin hitting new multi-month highs. On Oct. 27, Bitcoin surpassed a $13,745 threshold, almost touching its previous peak of $13,970 recorded on June 26, 2019.<\/p>\n<p>Amid the bullish trend, the Bitcoin network faced some issues in its key indicators recently. On Oct. 25, Bitcoin\u2019s hash rate \u2014 a key indicator of the health of the Bitcoin network \u2014 tumbled from 151.1 EH\/s on Oct. 24 to 116.3 EH\/s.\u00a0<\/p>\n<p>As reported, some mining data aggregators link the drop in Bitcoin\u2019s hash rate with the end of the wet season in Sichuan. Heavy rains in the region result in low hydroelectric prices for miners. However, as rivers and tributaries dry up, miners are moving to Inner Mongolia and Xinjian.\u00a0<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"\/><\/div>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener noreferrer\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/unconfirmed-transactions-on-bitcoin-network-at-highest-level-since-2017\" target=\"_blank\" rel=\"noopener noreferrer\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Unconfirmed transactions on Bitcoin network at highest level since 2017 &#8221; The Bitcoin network has slowed down amid Bitcoin\u2019s (BTC) new price highs, causing a large number of unconfirmed transactions. According to mempool transaction count on Blockchain.com, the number of unconfirmed Bitcoin transactions surpassed 100,000 on Oct. 27. This is the highest number of&#8230;<\/p>\n","protected":false},"author":1,"featured_media":99388,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2020-10\/b766716b-9065-40ae-bfa9-b690540e7eae.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74937,77445,74880],"class_list":["post-99387","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-price","tag-mempool","tag-transactions"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/99387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=99387"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/99387\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/99388"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=99387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=99387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=99387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}