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Author Topic: 5 confirmations in 16 minutes ?  (Read 1759 times)
calkob
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November 21, 2015, 05:54:37 PM
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i thought that each confirmation was a new block, obviously i was wrong.  how can i have 5 confirmations in 16 mins?  please explain?  there has been times ive waited an hour for 1?

many thanks
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jonnybravo0311
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November 21, 2015, 06:16:56 PM
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No, you thought correctly.  A confirmation means that another block was added to the chain.  It is all about how long it takes for blocks to be added.  Sometimes it's seconds.  Others it's over an hour.

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November 21, 2015, 08:49:52 PM
 #3

i thought that each confirmation was a new block, obviously i was wrong.  how can i have 5 confirmations in 16 mins?  please explain?  there has been times ive waited an hour for 1?

many thanks

A run of fast blocks.  Some people had very good luck.

Difficulty is adjusted every 2,016 blocks to attempt to solve a block every 10 minutes.  There is now way to make sure it takes 10 minutes.  So it's the average that is striven for.

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November 21, 2015, 10:41:29 PM
 #4

Just a string of luck for those picking up blocks.  It's like the number of customers walking into a store.  During a few minutes it may be dead and 10 minutes later people may be pouring in.
newcoins1978
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November 22, 2015, 05:12:29 PM
 #5

i thought that each confirmation was a new block, obviously i was wrong.  how can i have 5 confirmations in 16 mins?  please explain?  there has been times ive waited an hour for 1?

many thanks

Some pools had some major luck probably which explains why you got so many confirmations in 16 minutes.
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November 22, 2015, 05:18:15 PM
 #6

Yep ! Bitminter is getting a lot lucky these days  Grin

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Raimonn
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November 23, 2015, 02:18:11 PM
 #7

The 10 minutes between blocks its an average. Yesterday some blocks took more than 30 minutes to solve and having 5 confirmations took a lot of time.
Sir_lagsalot
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November 24, 2015, 11:30:45 AM
 #8

Wow, you're one lucky guy. I just recieved a transaction, and I had to wait two whole hours to get the confirmations.


What you thought was correct. The miners were probably very lucky, and guessed the nonce combination on average every 3 minutes. That's surprisingly fast, considering the current difficulty. May I ask, could you give us the TX hash, so we can see what pools mined those blocks?


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AndySt
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November 24, 2015, 10:48:09 PM
 #9

This is more or less a normal situation because just a few days ago three confirmations took a total of about an hour which I was very surprised.
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November 26, 2015, 07:24:23 AM
 #10

Bitcoin total hashrate is significantly increasing due to a variety of factors. Until the next difficulty, we are likely to see a slightly shorter block time. However, OP is experiencing a varience as blocks are never consistent and the intervals can be very short or very long.
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