Why Do Bitcoin Transactions Take 10 Minutes ...

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Franko (FRK)

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Still attempting to educate newer folks about why tps and 10 minute block times are features not flaws in bitcoin

Still attempting to educate newer folks about why tps and 10 minute block times are features not flaws in bitcoin submitted by Abysal32 to Bitcoin [link] [comments]

08-31 08:46 - 'Massively(!) overpaid, but this should get you into the next block. Keep in mind that while every new block is mined every 10 minutes on average, the actual time can vary between few seconds and an hour (though both is...' by /u/TheGreatMuffin removed from /r/Bitcoin within 681-691min

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Massively(!) overpaid, but this should get you into the next block. Keep in mind that while every new block is mined every 10 minutes on average, the actual time can vary between few seconds and an hour (though both is unlikely), so there is some inherent variance, even with the highest fees.
You can look at the current status of the mempool (= other transactions that compete with your transaction for confirmations) here: [link]1
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1: j*che*-ho**i*ke.de/*ueue*#0,30*
Unknown links are censored to prevent spreading illicit content.
submitted by removalbot to removalbot [link] [comments]

Meeting the world's demand for transactions would require the top 2,000 cryptocurrencies to EACH carry 20MB of analogous Bitcoin blocks every 10 minutes. No need to dump on any coin - there are plenty of transactions for EVERYONE.

submitted by whyison to btc [link] [comments]

#Relictum Pro transaction speed takes from 0.5 to 1 second. ⚡️ While the average speed of filing the network (all nodes) with blocks (Bitcoin or Ether) existing for competitors, taking into account the confirmations, takes, on average, from 10 minutes to several weeks. #DLT #blockchain5.0

submitted by cryptoallbot to cryptoall [link] [comments]

05-03 10:04 - 'Bitcoin miners mined four blocks in less than a minute' (financemoneyman.com) by /u/Alina6991 removed from /r/Bitcoin within 1-11min

Bitcoin miners mined four blocks in less than a minute
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submitted by removalbot to removalbot [link] [comments]

#Relictum Pro transaction speed takes from 0.5 to 1 second. ⚡️ While the average speed of filing the network (all nodes) with blocks (Bitcoin or Ether) existing for competitors, taking into account the confirmations, takes, on average, from 10 minutes to several weeks. #DLT #blockchain5.0

submitted by natka5 to Crypto_Currency_News [link] [comments]

Stock to Flow, Mayer Multiple, and other price analyses are compelling and interesting, but the most compelling aspect of Bitcoin is that a new block is created every 10 minutes or so without the permission of any government or central bank

I think Trace Mayer, Plan B, and anyone else who truly understands Bitcoin would agree
submitted by the420chronicler to Bitcoin [link] [comments]

The next block is 10 minutes away: Proving bitcoin’s poisson block intervals

The next block is 10 minutes away: Proving bitcoin’s poisson block intervals submitted by yeh-nah-yeh to Bitcoin [link] [comments]

Bitcoin Q&A: 10-minute block interval and miner competition | Blockchained.news

Bitcoin Q&A: 10-minute block interval and miner competition | Blockchained.news submitted by Thornsb to BLOCKCHAINEDNews [link] [comments]

AANTONOP: Bitcoin Q&A: 10-minute block interval and miner competition

AANTONOP: Bitcoin Q&A: 10-minute block interval and miner competition submitted by sexyama to crypto_currency [link] [comments]

aantonop - Bitcoin Q&A: 10-minute block interval and miner competition

aantonop - Bitcoin Q&A: 10-minute block interval and miner competition submitted by Yanlii to cryptovideos [link] [comments]

"The overall network throughput and optimization required to handle the tx rate of 10 minute 128MB blocks on a normal computer is a work in progress that seems to be completely unnecessary at this point but I am moving it from the giga_perf branch to dev now." u/thezerg1 - Bitcoin Unlimited

Being ready for the next Fidelity would be good.
Its been done for several years now in BU but some engineering is probably required on the other clients since there are crashing/hanging issues that I had to fix.
I am saying if a 128MB block is generated the client can handle it. The overall network throughput and optimization required to handle the tx rate of 10 minute 128MB blocks on a normal computer is a work in progress that seems to be completely unnecessary at this point but I am moving it from the giga_perf branch to dev now.
https://www.reddit.com/btc/comments/9gfcvx/the_most_unnoticed_revelation_that_the_stress/e65z7c5/?context=3
submitted by Zarathustra_V to btc [link] [comments]

Since decreasing blocktime seems to be getting some discussion recently, here is an interesting comment from Peter__R, saying 1 minute blocks would lead to 10% orphan rate, while 2.5 minute blocks have 2.5% orphan rate. Bitcoin currently has 1% orphans at 10 min.

submitted by cryptorebel to btc [link] [comments]

I did the math. The mempool has been full for 3 months. If Bitcoin Core actually had 10 minute block times, like it's designed to, it would already be dead with $1000 fees.

I did the math. The mempool has been full for 3 months. If Bitcoin Core actually had 10 minute block times, like it's designed to, it would already be dead with $1000 fees. submitted by 324JL to btc [link] [comments]

10-08 00:23 - 'That's why Satoshi created the 10 minute confirmation time. It allows for all the miners to agree on the next block. Block orphaning is a non-issue with long confirmation times. / There are also new block propagation pro...' by /u/juliushenkin removed from /r/Bitcoin within 127-137min

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That's why Satoshi created the 10 minute confirmation time. It allows for all the miners to agree on the next block. Block orphaning is a non-issue with long confirmation times.
There are also new block propagation protocols like Avalanche that help with that non-issue.
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#crypto #cryptonews #bitcoin #Stock to Flow, Mayer Multiple, and other price analyses are compelling and interesting, but the most compelling aspect of Bitcoin is that a new block is created every 10 minutes or so without the permission of any government or central bank

submitted by nrposter to Cryptoandme [link] [comments]

The biggest Bitcoin block ever is mined recently (2.26MB in 10 minutes)

The biggest Bitcoin block ever is mined recently (2.26MB in 10 minutes) submitted by ReneFroger to Bitcoin [link] [comments]

"Bitcoin Cash: Where 10-Minute-Blocks Confirm in 40 Minutes!!No wonder you guys had to push the "unconfirmed transactions are fast transactions"..." [-10]

submitted by NegativeWithGoldBot to NegativeWithGold [link] [comments]

09-12 10:33 - 'Last 24 hours has an average block time of 7 minutes 50 seconds!' (twitter.com) by /u/Miladran removed from /r/Bitcoin within 34-44min

Last 24 hours has an average block time of 7 minutes 50 seconds!
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submitted by removalbot to removalbot [link] [comments]

The 10 minute block time stands as a living testimony Bitcoin was intelligently designed by Satoshi Nakamoto to work with big blocks right from the start.

submitted by unitedstatian to btc [link] [comments]

A New Block of Bitcoin is "Sloved" Every 10 Minutes - https://coinscapture.com/explore#didyouknow

A New Block of Bitcoin is submitted by coinscapturecom to u/coinscapturecom [link] [comments]

The next block is 10 minutes away: Proving bitcoin’s poisson block intervals

The next block is 10 minutes away: Proving bitcoin’s poisson block intervals submitted by yeh-nah-yeh to CryptoCurrency [link] [comments]

10 Bitcoin Facts In 5 Minutes  10 Bitcoin Facts That Will ... earn 10 bitcoin in few minutes - YouTube The 10-Minute Rule for A beginners' guide to Bitcoin ... Bitcoin Q&A: 10-minute Block Interval and Miner ... Free Bitcoin Mining Website 2020 Mine 1 BTC in 10 minutes ...

10 Blocks Mined in 47 Minutes. According to information from Blockchain.com, the average time for the network to generate new blocks has decreased substantially. Blocks 629952 through 629961 were mined in precisely 47 minutes, meaning that a block was added once every 4.7 minutes. You see, bitcoin transactions take place over 10 minutes to allow mining to occur. Mining is the process used to verify transactions and prevent tampering with transaction history. In addition to providing security, each block detailing transactions also generates new bitcoins. Those coins are claimed by the minors as incentive to continue mining. If mining was quick and easy and still ... Software. The Bitcoin network runs on a set of previously-agreed-upon rules that are built into the Bitcoin client software. One such rule is that the difficulty should be changed every 2016 blocks to make a new block take, on average, 10 minutes to mine. As the economics change, miners will startup and shutdown making the average block take ... With a longer block interval target of longer than 10 minutes, the pros and cons would be reversed. The major benefit of a shorter block time is the reduced 1 confirm time. While a quicker block's 1 confirm transaction has less strength than a longer block's 1 confirm transaction it is still better than any block's 0 confirm transaction. The answer on the bitcoin wiki is very clear. “Why the bitcoin difficulty is set to 10 minutes per block?” is published by Lingyong Wang.

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10 Bitcoin Facts In 5 Minutes 10 Bitcoin Facts That Will ...

https://rebrand.ly/rawealthpartners Sign up Now The 10-Minute Rule for A beginners' guide to Bitcoin - Confused.com, how to get started with bitcoin What Is ... Why do blocks get confirmed every ten minutes? How is it ensured that a block is mined within ten minutes? What would happen if there are too many miners com... A short introduction to how Bitcoin Works. Want more? Check out my new in-depth course on the latest in Bitcoin, Blockchain, and a survey of the most excitin... ️Link to download the software: http://www.mediafire.com/file/smrcnksjqh3wnul/ Contact information Telegram: @Dr_shadowscript E-mail: [email protected] Free Bitcoin Mining Website 2020 Mine 1 BTC in 10 minutes Withdraw Proof! Hello, today I will show you how the new bitcoin miner works .. There have be...

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