The general confirmation time is 10minutes(if you have paid the transaction fee), nowadays sometimes the mining of the blocks slow down due to the increase in the difficulty level, so sometimes your tx may take up to 1hour to confirm. To make the confirmations fast you can add a higher tx fee like some 0.001BTC.
The increase in difficulty does not really result in slower blocks, difficulty is adjusted according to hashrate. Highly impossible that there will be a sudden significant slow In block generation due to lower sudden hash rates as ASICs are shipped at a fast rate. Transaction fee of 0.0001 is already enough. After getting one confirmation, any other block generated will result in another confirmation.
Topic: Why does it take so long to confirm? - page 3. (Read 2101 times)
The general confirmation time is 10minutes(if you have paid the transaction fee), nowadays sometimes the mining of the blocks slow down due to the increase in the difficulty level, so sometimes your tx may take up to 1hour to confirm. To make the confirmations fast you can add a higher tx fee like some 0.001BTC.
The increase in difficulty does not really result in slower blocks, difficulty is adjusted according to hashrate. Highly impossible that there will be a sudden significant slow In block generation due to lower sudden hash rates as ASICs are shipped at a fast rate. Transaction fee of 0.0001 is already enough. After getting one confirmation, any other block generated will result in another confirmation.The general confirmation time is 10minutes(if you have paid the transaction fee), nowadays sometimes the mining of the blocks slow down due to the increase in the difficulty level, so sometimes your tx may take up to 1hour to confirm. To make the confirmations fast you can add a higher tx fee like some 0.001BTC.
The increase in difficulty does not really result in slower blocks, difficulty is adjusted according to hashrate. Highly impossible that there will be a sudden significant slow In block generation due to lower sudden hash rates as ASICs are shipped at a fast rate. Transaction fee of 0.0001 is already enough. After getting one confirmation, any other block generated will result in another confirmation.
The general confirmation time is 10minutes(if you have paid the transaction fee), nowadays sometimes the mining of the blocks slow down due to the increase in the difficulty level, so sometimes your tx may take up to 1hour to confirm. To make the confirmations fast you can add a higher tx fee like some 0.001BTC.
On average, it'll be included in a block (confirmed the first time) within ten minutes, with each confirmation thereafter taking an average of ten minutes, though this can easily run into 40-50 minutes in unlucky times (on the flip-side, you can also see a transaction confirmed 6 times within ten minutes, too). If it took an hour to be included in a block, there's a good chance the transaction queue is bogged down from heavy use due to the current price volatility and you might want to consider including higher fees with your transactions.
To deeper penetrate "why," though - it's because confirming a block is a semi-random process to prevent cheating in mining. If you mean "why" relative to other cryptos, well... that'll take longer to answer, because there are both drawbacks and benefits to choosing 1m target conf times over 10m, and the same for 10m over 1h. Short answer is "it's considered near-optimal by TPTB."
To deeper penetrate "why," though - it's because confirming a block is a semi-random process to prevent cheating in mining. If you mean "why" relative to other cryptos, well... that'll take longer to answer, because there are both drawbacks and benefits to choosing 1m target conf times over 10m, and the same for 10m over 1h. Short answer is "it's considered near-optimal by TPTB."
I want to make a trade, I sent btc to my account on an exchange, and it got 1 confirmation but then nothing, so its still pending.
I've been waiting more than an hour. Why does it take so long to confirm payments in the chain?
I've been waiting more than an hour. Why does it take so long to confirm payments in the chain?
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