Topic: Bitcoin Confirmations - page 2. (Read 1243 times)
A confirmation means that it has been included in a block. Confirmation times are on average about 10 minutes because a block is mined every ten minutes. However, due to the random nature of blocks, confirmation time could vary wildly depending on whether a block is mined or not. Sometimes miners are lucky and find blocks very quickly, other times they are not and the block is not found in less than 10 minutes.
Hey all,
I'm curious about Bitcoin confirmations. I'm having a discussion with a friend and I'm sure there are tons of threads on this but what exactly is a confirmation? Is a confirmation a new block? Why do I get some confirmations done in a few minutes and other times t may take hours... Yesterday for example it took 15 minutes for 5 confirmations... Why does it happen faster sometimes?
Thanks much
I'm curious about Bitcoin confirmations. I'm having a discussion with a friend and I'm sure there are tons of threads on this but what exactly is a confirmation? Is a confirmation a new block? Why do I get some confirmations done in a few minutes and other times t may take hours... Yesterday for example it took 15 minutes for 5 confirmations... Why does it happen faster sometimes?
Thanks much
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