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News Commentary #246 — BitTank Experiencing Bitcoin Delays

Bitcoin Network Overloaded.

As you have probably observed, the value of Bitcoin has been fluctuating wildly the last few days.  Changes in the values of Bitcoin in excess of $1,000 in a single day are common.  All of this is causing a great deal of interest in this cryptocurrency by speculators as well as others using it as a means of investment.  The folks at BitTank (reviewed here) have kindly pointed out that the result of this is that the Bitcoin network is overloaded and that there can be serious delays in getting mining conformations for your transactions.  Nothing can be done about this.  For us in the HYIP world, it is simply good to be aware of the situation.  Otherwise, delays in processing transactions by any HYIP can easily be interpreted as meaning that the company itself is having trouble paying its investors — a false alarm.  So, as the following update indicates, there is no need to contact support if you experience longer than normal transaction times with Bitcoin at this time.  Try to be patient…

Bitcoin update

Please notice Bitcoin is getting some heavy beating next 3-4 days with a lot of turmoil and disturbance. Already now the transactions sent on Bitcoin network is very high and it will hurt all Bitcoin users with long waiting time for mining confirmations both ways.

As long the transaction made has a TxHash id the transfer will resolve and confirm as some point.

There is no need to submit a ticket as we are aware of situation and on top of it.

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