Bitcoin is sure to get once it shows up in wallet?

Abdussamad

legendary

Activity: 3682

Merit: 1580

Quote from: sameev29 on February 14, 2014, 01:59:51 PM

Suppose someone sent me bitcoins and in my wallet it started showing 'awaiting confirmations'.Can I be sure then that I will get the coins properly?

Actually I want to lease my rig.I want to set the mining for a renter as soon as possible.

Can something go wrong during confirmations?How about after 1 confirmation,can I be sure than?

These days you should wait for at least 1 confirmation. There was a bug that affected unconfirmed transactions so better to be safe than sorry.

technocoma

newbie

Activity: 56

Merit: 0

I'd wait for one confirm then you know its included in the block chain & would take a lot of work to undo. Also depends on the amount of money if its 0.001 then even 0 confirms I wouldn't really mind. If it was 10k BTC i'd wait for 6 confirms before I did a dance.

Rannasha

hero member

Activity: 728

Merit: 500

Quote from: ?? on ??

Quote from: Wendigo on February 14, 2014, 02:34:20 PM

Most people send stuff after 3 confirmations and i think exchanges operate after 3 too so if the sender pays the miner's tax you will get confrimed faster.

By tax you mean TX fee?

Yes.

How many confirmations you want to wait for is up to you. But in reality, the chances of a 1-conf transaction being reversed are already extremely small. For everything up to a few BTC, 1-conf should be fine.

Wendigo

legendary

Activity: 2604

Merit: 1036

Most people send stuff after 3 confirmations and i think exchanges operate after 3 too so if the sender pays the miner's tax you will get confrimed faster.

sameev29

full member

Activity: 238

Merit: 100

Suppose someone sent me bitcoins and in my wallet it started showing 'awaiting confirmations'.Can I be sure then that I will get the coins properly?

Actually I want to lease my rig.I want to set the mining for a renter as soon as possible.

Can something go wrong during confirmations?How about after 1 confirmation,can I be sure than?

Topic: Bitcoin is sure to get once it shows up in wallet? (Read 610 times)