|
calkob (OP)
|
 |
November 21, 2015, 05:54:37 PM |
|
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
|
|
|
|
|
|
|
|
|
|
The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
jonnybravo0311
Legendary
 Offline
Activity: 1344
Merit: 1023
Mine at Jonny's Pool
|
|
November 21, 2015, 06:16:56 PM |
|
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.
|
Jonny's Pool - Mine with us and help us grow! Support a pool that supports Bitcoin, not a hardware manufacturer's pockets! No SPV cheats. No empty blocks.
|
|
|
os2sam
Legendary
Offline
Activity: 3578
Merit: 1090
Think for yourself
|
|
November 21, 2015, 08:49:52 PM |
|
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. |
A: Because it messes up the order in which people normally read text.
Q: Why is top-posting such a bad thing?
A: Top-posting.
Q: What is the most annoying thing on usenet and in e-mail?
|
|
|
|
ALToids
|
|
November 21, 2015, 10:41:29 PM |
|
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
|
|
November 22, 2015, 05:12:29 PM |
|
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. |
|
|
|
|
valkir
Legendary
Offline
Activity: 1484
Merit: 1004
|
|
November 22, 2015, 05:18:15 PM |
|
Yep ! Bitminter is getting a lot lucky these days  |
██ Please support sidehack with his new miner project Send to :
1BURGERAXHH6Yi6LRybRJK7ybEm5m5HwTr
|
|
|
Raimonn
Legendary
Offline
Activity: 1456
Merit: 1001
|
|
November 23, 2015, 02:18:11 PM |
|
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
|
|
November 24, 2015, 11:30:45 AM |
|
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?
|
|
|
|
|
AndySt
Legendary
Offline
Activity: 2142
Merit: 1012
|
|
November 24, 2015, 10:48:09 PM |
|
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.
|
|
|
|
|
BitcoinMagician
Member
Offline
Activity: 69
Merit: 10
|
|
November 26, 2015, 07:24:23 AM |
|
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.
|
|
|
|
|
|
