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Topic: Average time for 6 confirmations? - page 2. (Read 8918 times)

hero member
Activity: 490
Merit: 500
May 25, 2013, 02:49:15 PM
#4
You do know that to make a "fake" transaction go through even 1 confirmation requires the scammer to mine a block?

You have a good point.  That raises a larger question: what are best practices for website hosts who want to sell items for bitcoins?  If SoftballSuperstar is right about it only being about an hour, that's not a bad wait.  Which raises another question: if I were to go this route, ideally, I'd like to automate it so I'm not having to manually send emails after six confirmations happened.  Are there any tools / web services that will let you know when a transaction hits the six confirmation mark?
hero member
Activity: 854
Merit: 500
May 25, 2013, 02:20:31 PM
#3
You do know that to make a "fake" transaction go through even 1 confirmation requires the scammer to mine a block?
newbie
Activity: 14
Merit: 0
May 25, 2013, 02:18:50 PM
#2
Avg is one hour for 6 confirms.
hero member
Activity: 490
Merit: 500
May 25, 2013, 02:17:35 PM
#1
I'm thinking of setting up an e-commerce store selling books for bitcoins, but waiting for the six confirmations to minimize my risk of a double spend attack.  Does anyone know of any charts out there that list average confirmation time for the six confirmations to occur?  My wish list for these charts: two charts, one that shows average amount of time to get six confirmations without any transaction fee, and another to show average amount of time with a transaction fee.

My concern is that I'm okay with waiting a day or two for the confirmations, but with typical e-commerce being instantaneous, customers would likely be frustrated and leave and I'd get no sales if this is common. 
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