[Cryptocurrency] BTC sent an hour ago, 0 confirmations.

I recently sent some Bitcoins from my local wallet, to agora. I am checking the block chain, and it has been over an hour without a single confirmation. Does this happen often? I have not experienced it before and am curious as to what is taking so long for a single confirmation to appear, much less the 3 required.


Comments


[3 Points] AgoraMarket:

Well, I think you're an experienced user, so I'm going to assume you included miner's fees. Otherwise, it can remain unconfirmed for over 24 hours.

If you had the fees, then it's just caused by the mathematics behind block confirmation. This is oversimplifying, but miners have to solve cryptographic "puzzles" by guesswork basically. Sometimes they guess correctly quickly -- new block confirmed within 2 minutes. Sometimes it takes a lot longer for the correct guess. That's what's happening here.

The difficulty is adjusted so that on average, 6 blocks should be confirmed each hour. But just due to probability, it varies... 1 block/hr, 12 blocks/hr, etc.


[1 Points] None:

Yeah, I had it happen a week or two ago. Took around 3 hours to get 3 confirmations and appear in Agora. And then last week it took less than an hour total. Just the way it goes.


[1 Points] Theeconomist1:

This hasn't happened to me from a local wallet but when I used to use blockchain.info, there were two times where it took over an hour to get 1 confirmation. Pissed me off b/c the fee was included. So I stopped using blockchain.info wallets a long time ago.


[1 Points] someone-who-is-me:

You'll probably have 63 confirmations before you can get back to this thread.


[1 Points] throwahooawayyfoe:

Did you add a miner/tx fee to your transaction? If you don't give the miners incentive to confirm your transaction, they won't.


[0 Points] 3point1415926535nine:

block 342012 took an hour and 15 minutes to find... checks blockchain no new blocks have been mined, wonders why his transaction hasn't magically appeared, fucking idiot.