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5 confirmations in 10 mins
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Topic: 5 confirmations in 10 mins (Read 433 times)
Arjunking
(OP)
Newbie
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Merit: 0
5 confirmations in 10 mins
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
Legendary
Offline
Activity: 4144
Merit: 1307
Re: 5 confirmations in 10 mins
August 30, 2017, 01:24:36 PM
#2
Quote from: Arjunking on August 30, 2017, 12:31:36 PM
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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Activity: 3472
Merit: 4790
Re: 5 confirmations in 10 mins
August 30, 2017, 01:45:49 PM
#3
Quote from: Arjunking on August 30, 2017, 12:31:36 PM
This has never happened before
Are you sure?
I suspect it has.
Quote from: Arjunking on August 30, 2017, 12:31:36 PM
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.
Quote from: Arjunking on August 30, 2017, 12:31:36 PM
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
Copper Member
Legendary
Offline
Activity: 2856
Merit: 3071
https://bit.ly/387FXHi lightning theory
Re: 5 confirmations in 10 mins
August 30, 2017, 03:37:23 PM
#4
Quote from: Arjunking on August 30, 2017, 12:31:36 PM
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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