![]() Buy Bitcoin Worldwide does not promote, facilitate or engage in futures, options contracts or any other form of derivatives trading.īuy Bitcoin Worldwide does not offer legal advice. Buy Bitcoin Worldwide, nor any of its owners, employees or agents, are licensed broker-dealers, investment advisers, or hold any relevant distinction or title with respect to investing. Every visitor to Buy Bitcoin Worldwide should consult a professional financial advisor before engaging in such practices. Buy Bitcoin Worldwide is for educational purposes only. If that were the case, you would get your first confirmation in 5 minutes.ĭisclaimer: Buy Bitcoin Worldwide is not offering, promoting, or encouraging the purchase, sale, or trade of any security or commodity. Let's say a block is found and five minutes later you broadcast a transaction with a higher fee than anyone else on the network. However, sometimes you get lucky and find it much sooner.Īssuming 10 minute block timers are perfectly calibrated, and none of the above occurs, you could still get your first confirmation in less than 10 minutes. Guessing the answer should, statistically speaking, take about 10 minutes. The truth is, mining bitcoin is about guessing the answers to complex math problems. Sometimes blocks are found in minutes simply because of luck. If a lot of mining hashing power is suddenly added to the network quickly, then this hashing power wont be accounted for until the next difficulty adjustment, resulting in faster block times on average. This generally does a good job of ensuring 10 minute blocks, but it is not perfect. Difficulty is adjusted every 2 weeks, but the way it is adjusted is based on the previous two weeks average block times. If the difficulty is set too low, then block times will tend to be shorter than 10 minutes. However, sometimes they are more and sometimes they are less. Yes! There are several ways this could happen.Īs mentioned above, block times are targeted to be 10 minutes.
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