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Author Topic: Transactions confirmation time  (Read 650 times)
bitnoon87 (OP)
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March 09, 2017, 04:16:53 PM
 #1

Hi, everybody!

I made 2 transactions:
1. With fee 0.000452 BTC, confirmed in 1 minute (https://blockchain.info/tx/8333ebe47c3d38fc30de88b061a366ac7ec156b00e97028420ccb8939277de70?show_adv=false)
2. With fee 0.0016 BTC, confirmed in 29 minutes (https://blockchain.info/tx/002182545013a01a5ddbe030610c24e39a69cba99aaf90210fa7491a7decc089?show_adv=false)

But 2nd transaction has fee much bigger than the 1st.
Confirmation time of 2nd transaction should be shorter that the 1st.

Why confirmation time of 2nd transaction is 29 times longer?
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BrewMaster
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March 09, 2017, 04:23:13 PM
 #2

it was because of how finding blocks work. it was not your fault or based on what your fee amount was.
your second transaction had way too much fee, and it was included in block 456460 time: 2017-03-09 13:45:04
but the previous block was a long time ago (block 456459) 2017-03-09 13:08:21 about 40 minutes and you made your transaction in that gap.

it was something like this: you made your translation on 13:15:00 and you had to wait until a block was found. and as soon as block 456460 was found at 13:45:04, your transaction was mined in it.

There is a FOMO brewing...
bitnoon87 (OP)
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March 16, 2017, 02:46:37 PM
 #3

Ok, understand. Thank you!
moneyloveme
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March 16, 2017, 06:01:56 PM
 #4

confirmation of transactions depends on various factors but fees plays a important role in this , So higher the fees is always good for sooner confirmations .
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