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Author Topic: 5 confirmations in 10 mins  (Read 433 times)
Arjunking (OP)
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August 30, 2017, 12:31:36 PM
 #1

This has never happened before
I thought each confirmation took 10 mins
I just requested a withdrawal from one exchange and it was deposited in another exchange with 5-10 mins
You can see the transaction here

https://blockexplorer.com/tx/de05e00844f1f7e0f5ee63528b2e1c69f7bc695cfcaf26c84d952d3fe677df74

Is this normal?
cr1776
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August 30, 2017, 01:24:36 PM
 #2

This has never happened before
I thought each confirmation took 10 mins
I just requested a withdrawal from one exchange and it was deposited in another exchange with 5-10 mins
You can see the transaction here

https://blockexplorer.com/tx/de05e00844f1f7e0f5ee63528b2e1c69f7bc695cfcaf26c84d952d3fe677df74

Is this normal?


It is an AVERAGE of ten minutes, but the actual time between blocks is not guaranteed to be 10.
DannyHamilton
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August 30, 2017, 01:45:49 PM
 #3

This has never happened before

Are you sure?

I suspect it has.

I thought each confirmation took 10 mins

No.  Each confirmation takes a completely random amount of time.  The difficulty is adjusted every 2016 blocks to keep the long term average close to 10 minutes.  Some confirmations will be MUCH faster.  Some confirmations will be MUCH slower.

I just requested a withdrawal from one exchange and it was deposited in another exchange with 5-10 mins
You can see the transaction here

https://blockexplorer.com/tx/de05e00844f1f7e0f5ee63528b2e1c69f7bc695cfcaf26c84d952d3fe677df74

Is this normal?

Yes.
jackg
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August 30, 2017, 03:37:23 PM
 #4

This has never happened before
I thought each confirmation took 10 mins
I just requested a withdrawal from one exchange and it was deposited in another exchange with 5-10 mins
You can see the transaction here

https://blockexplorer.com/tx/de05e00844f1f7e0f5ee63528b2e1c69f7bc695cfcaf26c84d952d3fe677df74

Is this normal?


As the others said. 10 mins is the average between blocks/confirmations.
Sometimes it takes 30 seconds to mine a block, sometimes it takes 2 hours... They all average each other out.
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