We use cookies. This helps us run our website and give you a better experience. By using our site, you agree to our cookie policy.

Useful Tips

View all

Chinese crash

What’s happening to transactions? Why is it taking so long?

The CryptoTab team tries to transfer BTC to users’ wallets as quickly as possible. But in the last few days, a long enrollment is a given that does not depend on us. We’ve already discussed some of the reasons for such delays, but this time it came from where we didn’t expect — from China.

Long-term transaction confirmations are happening due to a major power outage in the Chinese regions of Xinjiang and Sichuan. A coal mine explosion led to a complete blackout. As a result of this incident, many BTC miners, which are located in China, stopped working, and the network's capacity dropped by almost 2 times.

Now we’re facing the consequences of these events: keep in mind that such a strong drop in the total Bitcoin network power has dramatically increased the waiting time for mass transactions. At the same time, the cryptocurrency market structure itself does not look largely concerning.

What to do? No need to panic, now we just need to be patient and wait until the power of the Bitcoin network is equalized in accordance with the load, and transactions will be confirmed quickly and please us with lightning-fast transfers!

Trouble seeing this email? View it as a web page.

If you wish to no longer receive Email Updates from us, simply Unsubscribe. This email was sent because you are subscribed to CryptoTab service. We do not sell any information to third parties. Privacy Policy

Published: 22.04.2021

#BTC #tips #news

Recently Added

USEFUL TIPS

One more push to win big!

The clock is ticking, and this is your last chance to decorate your tree with crypto toys, gain as many snowflakes as possible, join the giveaways, and get all the gifts!

USEFUL TIPS

2024 Wrapped: a Year of Achievement with CryptoTab

As we say goodbye to 2024 and welcome 2025, the festive season reminds us to celebrate what we achieved. Together, we reached new goals and unlocked more opportunities. So, let's go through the top news this year.

USEFUL TIPS

Prepare for the legendary festive giveaway

This winter, we are having the most exciting event of the season: giveaway №4. The grand prize? The most powerful Pool Miner to maximize your mining. But only the top-100 participants will make it to the giveaway, and the #1 will claim the ultimate reward.