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Author Topic: slow transaction  (Read 310 times)
tempero (OP)
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April 15, 2013, 10:49:32 PM
 #1

Hi,

I sent 0.1 bitcoins (brand new received from Slush's pool) to an Mtgox address. I included a 0.0005 fee. I'm connected to 56 nodes. It took more than 1 hour to get first confirmation and now, 15 minutes later, just 2 confirmations.

I don't know if it is normal behaviour or there is any problem with the network. Since I'm still learning, can you help me understand? All my previous transactions got confirmed much faster...

Thanks in advance
Matthias195
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April 15, 2013, 11:58:19 PM
 #2

what's the transaction ID ?
deepceleron
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April 16, 2013, 12:05:32 AM
 #3

The first confirmation is your transaction being included in the blockchain. Block finding is random. The median time between blocks is seven minutes; half the blocks will take less than seven minutes, however some may take much more, such as the 15 minutes it took for a second block, or recent block 231531 which took 30 minutes.

Your transaction may not be included in the first block created after you send it, due to competition for block space. Including a higher than standard fee motivates miners to include your transaction in the blockchain before others.
tempero (OP)
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April 16, 2013, 11:09:32 PM
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Thanks,

so I can think it was something not common, right? At the end, after the third confirmation, the next ones came fast, in a few minutes. Total time was under 2 hours.
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