Tuesday, September 16

Problems with Bitcoin deposits?

Hello everyone,

I'm sure many investors who use Bitcoin as deposit option for HYIP have noticed that for few days there is something wrong - Bitcoin deposits are not credited that fast as usual or sometimes they are not credited at all. What is the problem?

Few days ago I noticed that there started to pop up complaints in DavidNews.com chatbox that Bitcoin deposits are not credited and that there is some problems with several HYIPs. Actually it turns out that the problem is not with HYIPs themselves but with Blockchain API.

What happens when you try to make new Bitcoin deposit in HYIP? On the moment when you place deposit request in HYIP a thing called API (more here) generates new (unique) Bitcoin wallet for your deposit. Than on the moment when you transfer your Bitcoin to this newly generated wallet API sends back information to HYIP script that transaction was successful and your deposit will be marked as active. Such a simple process what usually takes very short period of time (from few minutes up to few hours) now is delayed for several hours and this is the thing what cause trouble here.

The reason why I wrote this article is that I just want to say that there is no need to worry about this because your deposit will be added anyway (most likely manually, so always remember to contact HYIP administration that you made your deposit). Most likely this is just temporary problem for now and it will be fixed soon.  How soon it will be fixed? Difficult to say because there is no official statement from Blockchan in their blog (see here), but I see that there is countless complaints on internet about this API problem not just from HYIP world.

One guess can be that there is just too many people who use this API for now and it just can't process all the transactions as quickly as previously, but it is just a guess and I hope things will get back to normal soon. But look from bright side - good thing is that withdrawals are not affected and you will receive your payments to your Bitcoin wallet as quickly as before.

David
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