Author

Topic: How long does a transaction take today? (Read 894 times)

newbie
Activity: 28
Merit: 0
March 29, 2014, 02:48:31 AM
#11
My most recent transactions took around 40 minutes for 6 confirmations, 0.0002 BTC fee.
So fast, I need such a long time, from morning until evening.

How much fee? I think you sent without fee.
newbie
Activity: 14
Merit: 0
March 29, 2014, 02:10:29 AM
#10
My most recent transactions took around 40 minutes for 6 confirmations, 0.0002 BTC fee.
So fast, I need such a long time, from morning until evening.
newbie
Activity: 28
Merit: 0
March 27, 2014, 04:55:56 PM
#9
1 hour for six confirmations is normal, but till 3 hours also is possible.
full member
Activity: 173
Merit: 100
March 26, 2014, 08:37:26 PM
#8
Propagation and confirmation are two different things. Transaction propagation is near instant, while the first transaction confirmation takes about ten minutes on average.
sr. member
Activity: 342
Merit: 250
March 25, 2014, 06:00:21 PM
#7
12 seconds with 0 confirmations with bitcoin-QT.
1 minute with SMARTPHONE on regular (and low) internet mobile data connexion.

and then ...

43 min for 6 confirmations.



Confirmations have nothing to do with the speed of your internet. It has to do with then network as a whole. If you get a confirmation in 12 seconds you just happened to send a transaction right before a block was solved - simple as that.
legendary
Activity: 1512
Merit: 1012
March 25, 2014, 01:26:23 PM
#6
12 seconds with 0 confirmations with bitcoin-QT.
1 minute with SMARTPHONE on regular (and low) internet mobile data connexion.

and then ...

43 min for 6 confirmations.

legendary
Activity: 1176
Merit: 1011
March 25, 2014, 11:19:37 AM
#5
Quote
How long does a transaction take today?
A Bitcoin transaction takes 1 or 2 seconds.

You're mistaken with confirmation. With credit cards and paypal, this is typically 3-6 months (although occasionally it may take up to even more than a year - I kid you not). With Bitcoin, it's typically 0-10 minutes (although occasionally it may take up to several blocks of 10 minutes each before it gets included in the blockchain).

legendary
Activity: 4466
Merit: 3391
March 25, 2014, 10:56:58 AM
#4
The fee only affects the time of the first confirmation.
TTM
full member
Activity: 140
Merit: 100
March 25, 2014, 10:54:57 AM
#3
My most recent transactions took around 40 minutes for 6 confirmations, 0.0002 BTC fee.
sr. member
Activity: 342
Merit: 250
March 25, 2014, 10:43:23 AM
#2
Hi all,

I am a little confused: I sent a transaction today and added 0.0003 BTC as suggested by the BTC Core client.
After 2.5 hours, I still see only 2 out of 6 confirmations... I this normal these days?

It's normal. Solving a block usually takes every 10 minutes however it can take MUCH longer or much shorter. It's basically all about luck. You just happened to send a transaction when it's taking longer than average to solve a block.

edit: typo
full member
Activity: 280
Merit: 100
March 25, 2014, 10:40:31 AM
#1
Hi all,

I am a little confused: I sent a transaction today and added 0.0003 BTC as suggested by the BTC Core client.
After 2.5 hours, I still see only 2 out of 6 confirmations... I this normal these days?
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