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Author Topic: Tx confirmation  (Read 527 times)
romanticon
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October 24, 2011, 05:00:52 PM
 #1

Hi, I am trying play a bit with the test network ,
I see that -200 BTC transaction took almost a day to get a confirmation.
Is it the same with the real network ? What is that latency depends on ?

Thanks in advance.
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dogisland
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October 25, 2011, 11:13:01 AM
 #2

The prod network has a lot better support than the test network. On the prod network miners are actively paid to process transactions.

So typically with a new block every 10 minutes your transaction will enter the block chain on average within 5 minutes.

That's assuming your transaction is picked up by the miner who wins the next block. It's also dependant on the fees you add. i.e. some miners wouldn't pick up a transaction with no fees.
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October 25, 2011, 03:45:18 PM
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Generally you get a confirmation for every new block that is created in the network after your transaction has been broadcasted.

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October 28, 2011, 08:59:01 PM
 #4

Here's the block explorer for testnet: http://blockexplorer.com/testnet

You can see that there were a whole bunch of blocks mined 10-27 within a few hours, and then no blocks for 24 hours. The testnet difficulty is 140 (compare with 1,400,000 of Bitcoin). Without money incentive to mine, transaction blocks come sporadically whenever someone is experimenting on testnet and decides to mine there for giggles.

40216    a6c0dc28ec...    2011-10-28 12:09:40    13    54634.2954906    3.511
40215    71f81d15f9...    2011-10-28 11:51:40    2    51.6590094    0.653
40214    1708a475ab...    2011-10-27 11:58:55    2    51    0.486
40213    187bf15214...    2011-10-27 11:48:49    2    51.3364906    0.699
40212    27792687ff...    2011-10-27 11:17:44    1    50    0.261
40211    831b0b8c55...    2011-10-27 11:13:30    2    2489.8895    1.237
40210    b387ec2abf...    2011-10-27 10:59:21    1    50    0.261
40209    10437580ba...    2011-10-27 10:58:31    1    50    0.261
40208    10f8b08f9d...    2011-10-27 10:56:55    1    50    0.261
40207    132d87c945...    2011-10-27 10:53:38    1    50    0.261
40206    877876aeb6...    2011-10-27 10:51:33    1    50    0.26
40205    107e704a48...    2011-10-27 10:50:29    7    2009.89    2.788
40204    2246624dbd...    2011-10-27 10:36:51    6    2025.2314906    2.811
40203    176f4b5291...    2011-10-27 10:31:17    4    104.999    1.033
40202    67b13d99b1...    2011-10-27 10:30:05    3    70    0.777
40201    1c393680de...    2011-10-27 10:29:23    9    2044.9975    2.655
40200    601dbbad0e...    2011-10-27 10:02:50    1    50    0.261
40199    12929c7e83...    2011-10-27 09:50:38    11    3529.8985    2.918
40198    119fda6e44...    2011-10-27 08:40:48    6    3029.9    1.915
40197    18db9fba3d...    2011-10-27 08:06:31    34    114190.55773022    9.666

On the regular bitcoin network, which has a consistent hash rate, a new transaction block is created about every 10 minutes, and you get the 6 block "confirmed" status in around an hour.

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