41 minutes for a new block, difficulty wayyy too hard

[inBitweTrust]

                     7 full days  should be 7 x 144 = 1008  actual is 1029   that is   +2.08%  

 since part of feb 9 should be included that actual number at 1am feb 17th is around

+2.22 %

Correct, the point is we can see there is a small increase in hashing power before retarget therefore over the last week blocks have technically been confirming ever so slightly faster than expected and more miners are coming online not less like NEM minnow  suggested.

Most people don't understand that because of the Poisson process we should expect blocks to sometimes takes hours to confirm (albeit rarely) even if more miners are coming online and the average confirmation time is generally quicker than normal.

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[bitllionaire]

41 minutes is not anything unusual in bitcoin, maybe more than one hour,but assuming blocks are 10 minutes by mean...

[SargeR33]

Well in the last 30 minutes, 6 blocks were found. This is MUCH faster than the network desires. What will happen? Well luck will balance out or we see another spike in the difficulty. Its odd that the difficulty is higher than what it was when btc was worth more only a couple months back. Not much has changed in the way of hardware either.

[Nagle]

What's the probability that 6 confirmations take more than 2 hours?

[tss]

hopefully some major mining conglomerates have been forced to shut down, but i wouldn't count on it.

[Chris_Sabian]

That is just normal variance in the network.  There was a block that took almost 24 hours back in 2010 I believe...

[acquafredda]

even 40 mins beat banks anyway

[Melds]

On top of the long blocks, I had one transaction skipped by two blocks, then anther skipped by three blocks, all on the same day. Both had the standard 10k Satoshi miners fee. That was completely ridiculous.

[Jace]

What's the probability that 6 confirmations take more than 2 hours?

As each single confirmation is exponentially distributed (with mean = 10 minutes), the sum of 6 confirmations is Erlang-distributed with k=6, λ=10, and the probability of this sum being larger than 120 minutes is about 2.0341%

[AtheistAKASaneBrain]

On top of the long blocks, I had one transaction skipped by two blocks, then anther skipped by three blocks, all on the same day. Both had the standard 10k Satoshi miners fee. That was completely ridiculous.

Thats weird. I've never experienced that. What wallet did you use?

[GigaBit]

#Mining 

You're new I take... 41 minutes is rather quick or even average on big pools.  Some other pools can take days to find blocks #EclipseMC but is all proportionate to hashing power.  Don't mean you make less, just means you get pays less regularly.

[SirChiko]

I don't see any block taking 41 minutes :