I'm the admin of the n0nplusultra pool.
Today i got asked why currently the unconfirmed Balance takes so long to get confirmed. As this is a network problem and not a pool problem i thought i would post into the forum about it:
For your Balance to get confirmed you need 120 Confirmations(120 new Blocks found by the network) normally the block time is 2min.. with a block time of 2min and 120 confirmations we get 2*120= 240min(4 hours)
But right now the Difficulty is way to high for the hashing power therefore the current blocktime is already at 5min...
same calculation 120*5 = 600 min(10 hours).... therfore for your unconfirmed balance to get confirmed it now takes roughly 10 hours.....
i hope this helps out some people who are new into cryptos...
cheers
Kanamatras
can a pool not drop its confirmation times to help with the slow block time like 60 confirms?
I VOTED ON CRYPTSY username loz RBFDDAmbvazxaPkxGX1HmZ93KBjsgh9zR1