Topic: Does it take 1hr for one confirmation? (Read 1070 times)
It does not always take that long for one confirmation to happen. it depends on the time of day and how much the service is being used. If there are more and more transactions flying in and out, then confirmations will come faster, but if service is slow with bitcoin action, then confirmations may take longer.
Confirmations have never been issue for me so far as I believe in paying extra fees to get it confirmed quickly and my transactions never took more then 20 minutes to get confirmed.
Yes, sometimes. I remember having to wait about 3-4hrs for confirmation on a blockchain to coinbase transaction last month. Funny enough, during the wait period I was silently praying my coins weren't lost lol
Not to worry in case when you make payment and waiting for confirmations.
Because already on explorer transaction is showing on ledger. But for completion of transaction it needs at least 2 confirmations.
As block mining will finished your amount of transaction will verified and credited to wallet address.
i ever have to wait until 12 hours for 1 confirmation.
I am experiencing since long time that some times it takes more then 1 hour for first confirmation but once the first confirmation is done it takes hardly 5 minutes for next 2 confirmations.
Yes, sometimes. I remember having to wait about 3-4hrs for confirmation on a blockchain to coinbase transaction last month. Funny enough, during the wait period I was silently praying my coins weren't lost lol
The average time for confirmation of transactions depends upon the following things:-
1. It mainly depends upon the fee the user paid for the transaction.....
2. It also depends upon the bitcoin network nodes, and the level of the Bitcoin network. If the Bitcoin network is strong then the Bitcoin transactions are very fast but if the Bitcoin network is weak then the transaction confirmations are Slow.....
1. It mainly depends upon the fee the user paid for the transaction.....
2. It also depends upon the bitcoin network nodes, and the level of the Bitcoin network. If the Bitcoin network is strong then the Bitcoin transactions are very fast but if the Bitcoin network is weak then the transaction confirmations are Slow.....
Sure, I've had transactions take as long if not longer on occasions, there is nothing you can really do about that, you just have to hope you're in luck when you're sending/receiving BTC. From experience, increasing the transaction fee doesn't guarantee that the transaction will be completed faster.
One thing worth mentioning is that when you use Coinbase to pay for stuff via BitPay checkout, you never have to wait for any confirmations, your transaction is accepted/cleared instantly even if you have 0 confirmations.
One thing worth mentioning is that when you use Coinbase to pay for stuff via BitPay checkout, you never have to wait for any confirmations, your transaction is accepted/cleared instantly even if you have 0 confirmations.
Friends we must have to understand What exactly bitcoin transaction means.
Bitcoin transaction means amount you send to any other wallet, it require confirmations by miners by verifying that particular transaction. Now while verifying that transaction miner solve blocks.
Now generally 1 block takes 10 minutes to solve but some times it depends on block difficulty and block height. If transaction is big then it took 1 hour as after solving 6 blocks.
Bitcoin transaction means amount you send to any other wallet, it require confirmations by miners by verifying that particular transaction. Now while verifying that transaction miner solve blocks.
Now generally 1 block takes 10 minutes to solve but some times it depends on block difficulty and block height. If transaction is big then it took 1 hour as after solving 6 blocks.
For me confirmations usually take 10 to 15 minutes. As others have said, if the fee is too small, then it could take a lot longer. I've also found that if you are trying to move a very small amount of bitcoin, the fees could be more that the bitcoin that you are sending.
I thought small bitcoin amounts were supposed to be free. I received about 0.0099btc, checked it on blockchain, saw the amount, but in my total balance it wrote 0.
Now I'm confused, did the miner collect all the money?
I guess that is normal, depending on the fee that you provide. Yesterday I deposit to yobit.net for 2 confrimasi takes about 1 hour.
Yes, it can even take longer than 1 hour just to get one confirmation, nothing strange for a one hour wait.
What was the transaction fee?
Medium priority transactions usually take 6 blocks to confirm(something like 1 hour or so),
Medium priority transactions usually take 6 blocks to confirm(something like 1 hour or so),
yes it can take 1hr for one confirmation but thats a kind of rare because nowdays transactions became very faster and the network is vwry secure. so if you have that much slow transaction then probably you put very low transaction fees or something like that.
A couple of days ago, I had a transaction take 1 hour to confirm! Never had that before, and have since increased the fee I pay in the hope of avoiding that in the future. I wonder if the network is becoming overloaded.
I ever had a transaction it took 9 hours to confirm, it must be the fee, it's lower than recommended fee, or maybe it's too small as we know that the highest fee you provide of course fastest confirmation you get. 
A couple of days ago, I had a transaction take 1 hour to confirm! Never had that before, and have since increased the fee I pay in the hope of avoiding that in the future. I wonder if the network is becoming overloaded.
Frankly speaking this is normal. It no that network is becoming overloaded, because we have still huge capacity. It is the amount of transaction with extremely low fee and dust transaction which can be a problem and somewhat choke blockchain.
Don't worry about it and wait for bitcoin upgrades on which developers work on right now - like SegWit and Lightning network...
For me confirmations usually take 10 to 15 minutes. As others have said, if the fee is too small, then it could take a lot longer. I've also found that if you are trying to move a very small amount of bitcoin, the fees could be more that the bitcoin that you are sending.
It varies by the following reasons :-
a) It depends upon the transaction fees the user paid for the transaction,
b) It depends upon how much strong the Bitcoin network is...
a) It depends upon the transaction fees the user paid for the transaction,
b) It depends upon how much strong the Bitcoin network is...
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it could be happen if there are many transaction on blockchain and the traffic is heavy, then there is need a time before it can be confirms. i have this experience in few weeks ago.
It sometimes even takes longer at the moment to get the confirmations.
Don't know why that is.
Don't know why that is.
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