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1  Bitcoin / Mining / Relation between (i) confirmation time and (ii) taverage time a block is found. on: July 11, 2014, 10:02:19 AM
Hi, my name is Jaap and im currently writing my thesis about the legal aspects of bitcoins. I have the following question. I really hope anyone can help me with this problem.

On the internet it says that the average time a block is found is around 10 minutes.

It also says that the average confirmation time for a transaction is around 16 minutes.

However, the confirmation time is calculated upon six confimations (5 new blocks). In my calculation the average confirmation than should be (5*10) 50 minutes in stead of 16 minutes.

How is this possible?

Many thank!
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