3 Things to Know about Bitcoin Confirmations (2020 Updated)

Altacoin Currency

Altacoin is a highly efficient, centralized cryptocurrency.
[link]

AIAScoin

AIAScoin [AIAS] is the premier solution to revolutionise the cryptocurrency and payment processing industry. Our concept revolves around a fast, private, secure, Peer-to-Peer (P2P) blockchain, and an automated payment processing system that can be implemented to all websites that require it. Masternodes will be incorporated into our system to ensure the privacy and speed of transactions.
[link]

Bean Cash cryptocurrency

Bean Cash is the first digital currency to implement a 20MB maximum block size. Bean Cash has a target block time of 60 seconds, with a confirmation time more than 10 times faster than Bitcoin. Bean Cash uses the energy efficient Proof of Stake method of consensus.
[link]

Don't forget that time the average Bitcoin confirmation time was more than a week!

Don't forget that time the average Bitcoin confirmation time was more than a week! submitted by MemoryDealers to btc [link] [comments]

Did anyone else notice that blockchain.com no longer has the complete graph for the average Bitcoin confirmation time?

I remember going on blockchain.com, and being able to see all of the statistics regarding Bitcoin. I remember being able to just search up the average confirmation time on blockchain. Now that's removed as an option, and you have to search for the link through a google search. Even after doing this, the graph is not showing the full data of the history for average confirmation times. I used to be able to check stats even going back to 2017, but now it only allows me to search up stats back to August of 2018. The peak average confirmation time for Bitcoin was almost 11,500 minutes, and I can't search that up or find it anymore... Can someone help me out?

Also any reason as to why blockchain.com doesn't have that option anymore?
submitted by 1MightBeAPenguin to btc [link] [comments]

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019 submitted by zuugzwang to CryptoCurrencies [link] [comments]

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019 submitted by zuugzwang to BitcoinMining [link] [comments]

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019

submitted by zuugzwang to Crypto_General [link] [comments]

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019

Bitcoin Confirmation Times Have Dropped 20% Since Q4 2019 submitted by zuugzwang to AllThingsCrypto [link] [comments]

Bitcoin confirmation time How to buy btc with credit card and no verification?

I've been using virwox for a while I think it's a decent place to start..but do you people have any other suggestions? Belgaum? And finally, should I be paying tax on income from virtual goods? Should I just use a different website? I was recommended to try Lumi wallet and Coinbase wallet.
submitted by priscillamhudak to ProjectOblio [link] [comments]

OMG! Bitcoin confirmation time unchanged in 10 months!!

OMG! Bitcoin confirmation time unchanged in 10 months!! submitted by Frogolocalypse to Bitcoin [link] [comments]

Bitcoin confirmation time My kids are starting to get interested in cryptocurrency?

​? Thanks in advance. I see no other choice as to move my coins over to Electrum, the software asks me for WIF keys but I can't get armory to work. I live in the dorms and have free electricity. Outside of a hardware wallet is this the best method of storage?
submitted by priscillamhudak to ProjectOblio [link] [comments]

Bitcoin confirmation times don't matter: "Credit cards have a confirmation time of 6 months. That is about the time that a dispute can occur. So, there you have it, merchants don’t care about a 6 month confirmation time, so why do you think they’d give two hoots about a 10 minute one?"

Bitcoin confirmation times don't matter: submitted by mindtehgap to Buttcoin [link] [comments]

Bitcoin confirmation times vs other cryptos market dominance (found at /r/ btc)

Bitcoin confirmation times vs other cryptos market dominance (found at / btc) submitted by csasker to ethtrader [link] [comments]

Bitcoin Confirmation Time

I sent .5 BTC from Binance to Bittrex about 8 hours ago and still have 0/2 confirmations, I see it pending on both sides, is this the norm when Bitcoin flies up? Thanks!
submitted by Lowspeedhighdragon to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Confirmation times .. bullshit

The following post by bitreal12 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7o2p1g
The original post's content was as follows:
sent $400 from blockchain to binance 2 days ago (50 hours +) and no confirmations .. paid the regular fee of $6
my friend sent his own transaction of ~60$ with $5 fee and got confirmation in less then 24 hours .. what's going on ??
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

DASH - Bitcoin Confirmation times

DASH - Bitcoin Confirmation times submitted by NibiruHybrid to dashmemes [link] [comments]

Bitcoin Confirmation Time /r/Bitcoin

Bitcoin Confirmation Time /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

For those criticizing bitcoin's confirmation times, my bank still struggles with weekend payments (was scheduled for Nov 15, sent Nov 18)

For those criticizing bitcoin's confirmation times, my bank still struggles with weekend payments (was scheduled for Nov 15, sent Nov 18) submitted by solled to Bitcoin [link] [comments]

Global competition with Bitcoin confirmation time.

Hello. I'm Russian and live in Russia, Ufa city. I found out about Bitcoin since its early 2010 development, and I was highly skeptic all the time until 2013 when I quit all the other projects to start working only with Bitcoin.
And biggest part of my skepticism always was confirmation times. I hated that it takes too long time. Now I'm not hating, I'm just taking it as a fact. But today I wanted to pay my rent with local currency on LocalBitcoins and it took 1 hour only to top up my account. Ridiculous part of this that its not the first time LocalBitcoins process my transaction during the whole hour.
Of course I received "Unconfirmed balance" in 22 seconds after I sent my money from blockchain.info. I understand the whole process & much more technical details about blockchain protocol. I understand why it happens. But waiting 1 hour for transaction to fill my account on LocalBitcoins is way too much. That was the moment, when I got that feeling "we have to do something about it..."
Let me tell you my vision about the whole technology, and how I see everything: - Bitcoin is the only sound money, I'm keeping all my money in Bitcoin, and I refused from all fiat since the beginning of 2014. - The whole payment systems in Russia is built upon "irreversible logics". Even Visa/MasterCard in Russia works irreversibly. This is our national standard. And I like it. For security reasons Visa/MasterCard during any online transaction asks SMS confirmation, that's the way it makes the payments irreversible and in MasterCard this feature is called SecureCode.
Why do I love irreversible payment systems? * Because this gives much more precise logics for escrow services like LocalBitcoins.com. And LocalBitcoins.com for Russians are really an island in the middle of desert, because it lets Russians to exchange money without permission, because if you can send something online immediately - that sets new standard of Escrow-services - LocalBitcoins work flawlessly upon such systems, and here's what you can do with LB: ** Exchange to BTC -> QIWI, QIWI -> BTC (100,000 cash accepting ATMs) ** Exchange Sberbank (our largest bank) to BTC; BTC to Sberbank ** Exchange WebMoney (our largest irreversible payment system) to BTC; BTC to WebMoney ** Exchange Yandex.Money (2nd largest irreversible payment system which soon is gonna be totally integrated to Sberbank) to BTC; BTC to Yandex.Money
So as you can see irreversible payments changes the whole payment landscape & gives citizens opportunity to exchange without governments disrupting such exchanges. Because government usually don't control the destination of personal payments bellow $500 (that's the case in Russia).
Why I'm explaining all this? Because before Bitcoin in Russia we already had perfect products with exact logic Bitcoin needs: QIWI, Sberbank, WebMoney, Yandex.Money. And these payment systems would be perfect if Bitcoin was directly integrated to this services, this would solve all the problems. Russian would never accept any chargebacks, because there's high fraud-rate in our country, and everybody would be doing chargebacks.
Even though QIWI, Sberbank, WebMoney, Yandex.Money isn't blockchain based technologies, they at least have immediate payments with immediate confirmation times (the next second you're already having your payment in your wallet/credit card, because Russians really hate to wait!).
And I want to ask experts here, what you would do if you would develop service like LocalBitcoins.com but specifically oriented for countries who have banned Bitcoin, but has irreversible payment systems like in Russia? How would you make such service more comfortable for users, the way the users wouldn't care about confirmation time & get the payments immediately?
And do you think governments that will want to ban every single Bitcoin transaction has any ability to try to shut such systems too? How technically will they be able to achieve it if they wouldn't wanted to close all those convenient USER 2 USER payments inside those systems (QIWI, Sberbank, WM, Yandex.Money).
P.S. In Soviet Russia, transaction reverses you.
submitted by 3534933 to Bitcoin [link] [comments]

Bitcoin Confirmation Times https://t.co/Wb5GPoNf0a #rimbit #finance https://t.co/DcG8jiaRcv

Bitcoin Confirmation Times https://t.co/Wb5GPoNf0a #rimbit #finance https://t.co/DcG8jiaRcv submitted by RimBit to RimbitCrypto [link] [comments]

Current Estimated Bitcoin Confirmation Times by Fee Tier

Current Estimated Bitcoin Confirmation Times by Fee Tier submitted by Jeriaska_ to 21dotco [link] [comments]

OMG! Bitcoin confirmation time unchanged in 10 months!!

OMG! Bitcoin confirmation time unchanged in 10 months!! submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Comparison of Dogecoin, Litecoin & Bitcoin Confirmation Time

Comparison of Dogecoin, Litecoin & Bitcoin Confirmation Time submitted by Grainfromrain to dogecoin [link] [comments]

Bitcoin confirmation time

Is there any way transaction confirmation time will speed up in the future? To me, this seems like a major problem with Bitcoin as a currency.
submitted by blanket325 to Bitcoin [link] [comments]

Slow Bitcoin Transaction Confirmation? - Do This! - YouTube How To Accelerate & Confirm A Slow / Stuck Bitcoin ... Transaction confirmations on the blockchain and in your ... How transactions are verified in Bitcoin Blockchain ... The Bitcoin Foundation - YouTube

Confirmation Times. Each additional confirmation is a new block being found and added to the end of the blockchain. Miners create blocks by solving the proof of work for their proposed block. The block interval has an average of 10 minutes but not every block interval is exactly 10 minutes. Bitcoin transaction confirmation is needed to prevent double-spending of the same money. One of the main advantages of bitcoin is that it avoids the problem of double-spending, i.e. the risk that a digital currency token may be copied and spent more than once.In spite of having no central authority to verify that its tokens are not being duplicated, bitcoin successfully avoids double-spending ... Does Segwit decrease confirmation times? Technically, no. Segwit does not change the amount of time needed for blocks to confirm. However, transactions using segwit are cheaper because they are smaller. That means the fees you would pay for an old bitcoin transaction sending the same amount of coins is higher than it would be with Segwit. You ... Average Confirmation Time The average time for a transaction with miner fees to be included in a mined block and added to the public ledger. 30 Days 60 Days 180 Days 1 Year 3 Years All Time. Raw Values 7 Day Average 30 Day Average. Linear Scale Logarithmic Scale. You’ve thought about it, now it’s time. Create a Wallet. Sign up for the Exchange. Buy Bitcoin in minutes. Get Started. Twitter ... The average confirmation time for a Bitcoin transaction was 9.2 minutes in September 2020. This is much lower than the May 2019 peak of over 12 minutes. The effect of the longer transaction time ...

[index] [4115] [43299] [2620] [47823] [13346] [37110] [41378] [44536] [11697] [49863]

Slow Bitcoin Transaction Confirmation? - Do This! - YouTube

Today I will show you how to speed up your #bitcoin transactions using a website called ViaBTC. ViaBTC is a giant mining pool, this allows them to have huge impact when they tell their miners to ... Every transaction must be added to a blockchain — an official public ledger of crypto transactions, in order to be considered successfully completed or valid... Go to Transaction Accelerator: https://www.viabtc.com/tools/txaccelerator/ View global Unconfirmed Transactions: https://blockchain.info/unconfirmed-transact... For more tips like these visit http://bodymindsuccess.com/bitcoin or subscribe to our channel Open source fork of Bitcoin, 4 times the total coins - 84 million litecoins, ¼ the block confirmation time - 2.5 minutes, Scrypt proof of work, “Si... 5:48 Bruce Fenton-DevCore Draper ...

#