Confirmation time =/= block time.
Average time between blocks is <10 minutes. I pointed this out in the prior thread but it will likely get ingored again. Any "answer" which involves miners solving less blocks would mean the time between blocks would be greater than 10 minutes and that is not the case.
Miners are on average producing a block size of ~160KB.
http://blockchain.info/charts/avg-block-size
To clear the backlog and reduce the average wait time to ~1 block would require blocks to be roughly 50% larger. Miners are chosing not to do that. The average block has ~300 tx vs the ~2,500 tx limit imposed by the 1MB or ~600 tx it would take to clea the backlog
Simple version: blocks are 90% empty, tx wait longer to be included in a block
Topic: I know this has been brought up before, but confirmation times are getting weird - page 6. (Read 10042 times)
November 14, 2013, 10:38:19 PM
November 14, 2013, 10:30:26 PM
I wouldn't expect this to be a factor... but what if it was. What if the great wall of china was an influence?
November 14, 2013, 10:29:12 PM
If you check the all-time graph, it used to reach 15-20 minutes.
November 14, 2013, 10:26:46 PM
Something changed recently and I don't know what, but it has me slightly worried. The average confirmation times have shot up quite drastically.
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
Difficulty increased and some miners dropped
I doubt that's the reason... the difficulty has been increasing enormously for all of 2013 and the confirmation time was only getting faster (not slower) during that period.
November 14, 2013, 10:22:46 PM
Something changed recently and I don't know what, but it has me slightly worried. The average confirmation times have shot up quite drastically.
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
Difficulty increased and some miners dropped
November 14, 2013, 10:20:06 PM
Something changed recently and I don't know what, but it has me slightly worried. The average confirmation times have shot up quite drastically.
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
This was brought up a few days ago... but it wasn't clear at that point whether it was a statistical anomaly or something real. Now it seems more likely to be real.
https://blockchain.info/charts/avg-confirmation-time?showDataPoints=false×pan=&show_header=true&daysAverageString=7&scale=0&address=
Anybody know what's going on?
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