Bitcoin Confirmations

[ikydesu]

Hey all,

I'm curious about Bitcoin confirmations. I'm having a discussion with a friend and I'm sure there are tons of threads on this but what exactly is a confirmation? Is a confirmation a new block? Why do I get some confirmations done in a few minutes and other times t may take hours...

Thanks much

https://en.bitcoin.it/wiki/Confirmation

Yesterday for example it took 15 minutes for 5 confirmations... Why does it happen faster sometimes?

Because you pay the fees. 0.00001btc/kb
and maybe the volume transaction is not too high CMIIW.


~iki

[ragi]

Yesterday for example it took 15 minutes for 5 confirmations...

Consider yourself lucky then. 2 days ago I was waiting 1hour just for 1 confirmation from the network, and then BAM 3 blocks found 3 minutes apart.