Confirmations are blocks that are dependent on a given transaction. This includes the block containing that transaction and all blocks after it in the hash chain. The more confirmations a transaction has, the more likely that it will remain in the chain permanently.

learn more… | top users | synonyms

3
votes
2answers
25 views

Confirm own incoming transactions

Is it possible to only mine your own incoming transactions? So you can confirm a Bitcoin transaction (only locally).
-1
votes
1answer
35 views

How many confirmations do bitcoin escrow websites wait on average?

To me it seems very dangerous not to wait for 6 confirmations when running an escrow. The scenario I'm thinking of: a miner deposits a large sum of bitcoins the escrow waits for one or two ...
1
vote
1answer
75 views

I bought 1BTC and the transaction was instantaneously, how?

So, I went to localbitcoin, I met a random guy at a Starbucks gave him the money and he transfered 1BTC with his cellphone to my blockchain.info account. I thought I would have to wait at very least ...
2
votes
1answer
40 views

Second, Third, Etc Confirmations taking a long time, why?

I have sent a bitcoin transaction of 0.18, you can see it here. https://live.blockcypher.com/btc/tx/22bacef7d4fb78e4e90cd04540daad257a39cb4ab4510f9e0efe5a88efaf0f87/ I included a fee of 0.002 even ...
1
vote
1answer
32 views

Is there any way to make a transaction invalid if it is not confirmed before a certain block?

It seems like it would be useful to avoid replay attacks if your wallet could specify that a transaction must be confirmed before say the (current+100)th block before broadcasting it I guess there ...
1
vote
1answer
219 views

How do you calculate a reasonable transaction fee?

These days transactions are taking a very long time to confirm. Higher transaction fees could be a possible solution. I want to know how to calculate a reasonable transaction fee, which is not so ...
1
vote
1answer
52 views

Bitcoin-cli balance minconf

When I use the getbalance command in bitcoin-cli and I set minconf to 1. Will it display the bitcoins with 1 confirmations and more? If this is true, what is a good amount of confirmations that will ...
4
votes
4answers
64 views

What technical properties does a confirmed Tx have that an unconfirmed Tx does not?

From a user perspective, each block confirmation reduces the probability that a transaction payment will be reversed. However from the perspective of the software, what happens when a transaction is ...
1
vote
1answer
66 views

Does a transaction with a lock time need more time to be confirmed?

I've made this transaction in the testnet: https://testnet.blockexplorer.com/tx/2f18c646a2b2ee8ee1f295bb5a0f5cc51c5e820a123a14b0c0e170f9777518bb It's a multisign tx with locktime. The locktime has ...
-1
votes
1answer
63 views

what is the longest period for a transection to be confirm? [duplicate]

Today my friend transferred bitcoins to my account and up till now there still 0/no confirmation.so how long is actually the period for the transection to be confirm? it is almost 8hours ad still no ...
2
votes
1answer
69 views

Why is this transaction stuck?

https://blockexplorer.com/tx/286fefb79f1b0a14526997e8c7bcb4bd7a5665c953586f6bbcd09e441b192d3f this is my transaction blockchain hash This is first time I've actually seen something like this - the ...
4
votes
0answers
98 views

-walletnotify on 6 confirmations instead of 1?

Pretty straight forward. Right now im using -walletnotify to run some node.js code when i get an incoming transaction and when theres 1 confirmation. However, after reading around, i found out that 1 ...
0
votes
1answer
290 views

Why hasn't my bitcoin transaction gone through?

So about 3hrs from now I made a transaction to a different wallet of mine and the money didnt come through in 20mins I checked the blockchain and the number of confirmations kept rising and its up to ...
0
votes
3answers
635 views

How many confirmation do i have to wait before i can spend the inputs I already received?

Can I spend Inputs with 0 confirmations?? If I could, are there some restrictions?
0
votes
2answers
185 views

Transaction marked as “Newly generated coins” on Blockchain.info

On blockchain.info I saw a transaction labeled as "No inputs (newly generated coins)". Are these new coins generated from mining? How come that such a transaction can have 30 confirmations, while ...
3
votes
1answer
323 views

Why are there so many confirmations?

A friend sent me Bitcoin to my blockchain wallet. It shows the amount as part of my balance. However, it says there are 108 confirmations and the number of confirmations keeps going up. Why is this ...
0
votes
1answer
93 views

Can one set how many confirmations MultiBit requires for a transaction to be accepted?

Is there any way for users to specify the number of confirmations for a transaction? If not, how many confirmations does Multibit require to complete a transaction? And does the required default ...
3
votes
1answer
76 views

Bitcoind doesn't add miner fee

How do I make sure bitcoind's RPC call sendtoaddress adds miner fees to transactions? Tried adding to our bitcoin.conf file: mintxfee=0.0001 But some of the transactions still won't get any miner ...
0
votes
1answer
48 views

Energy to confirm one block?

What is the minimum energy (or CPU operations) required for someone to confirm one block on their own, to launch a double-spend attack? How can I calculate this from the current difficulty or ...
1
vote
3answers
68 views

Do I need N confirmations if I'm only worried about the transfer getting invalidated by a different block?

Say I ask Bob a lot of bitcoins in exchange for an expensive product. Bob sends it to me and I wait 1 confirmation to send him the product, because I trust Bob. I am only worried about the transaction ...
0
votes
0answers
327 views

Transaction with 12+ confirmations at blockchain.info, but still no coins have arrived

So i'm using Blockchain.info as a wallet, i received some bitcoins to my wallet and inmediately after that i re-sent them to an exchange. Incoming to my wallet: ...
0
votes
1answer
427 views

Bitcoin-Qt wallet shows outgoing transaction as “Offline (0 confirmations)”

What is the meaning of a transaction status of "Offline (0 confirmations)" as opposed to "Unconfirmed (0 confirmations)" ? Does it mean that the transaction has not even been sent to the network yet? ...
1
vote
2answers
104 views

Are there any stochastically dependent proof of work algorithms?

In bitcoin, the probability of discovering a block on the X-th hash is the same1 as it is on the Y-th hash. As such, the probability of discovery is stochastically independent. Are there proof of ...
2
votes
2answers
763 views

How does ShapeShift operate on 0-1 confirmations

ShapeShift can exchange user's crypto currency almost instantly. They state that most transactions don't require any confirmations: Small deposits are processed with zero confirmations. Larger ...
0
votes
3answers
121 views

What happens if a TX was a double spend?

What happens if the 'High' risk option (one confirmation) was chosen and then the TX turns out to be a double spend in the end? Would the value deposited be revoked? Would the user be notified ...
0
votes
1answer
182 views

What is min time to get first confirmation for transaction?

How much time does it take to get first confirmation for transaction? I don't need the exact number of minutes, just some useful approximation. I found this chart of average confirmation times, but ...
1
vote
1answer
125 views

Lower confirmation time schemes: any requirement between confirmation time and the probability to find a block during that confirmation time?

Bitcoin, the first blockchain-based cryptocurrency, set a 10 minute confirmation interval time; LiteCoin set a 2 minute confirmation interval time; DogeCoin set it at 1 minute; QuarkCoin set it at 30 ...
1
vote
1answer
117 views

Time to send bitcoins?

I was investing bitcoins in Coin Controller but I need the time to send it because they only give you 10 minutes. So I want to know how to calculate the time to send bitcoin with for an example ...
7
votes
1answer
731 views

When to worry about 1-confirmation payments

A customer sends me a payment for some digital good at my service, where delayed delivery is a deal-breaker, so I only wait for 1 confirmation by the network before releasing the links for the ...
1
vote
1answer
157 views

Do Miners get a reward for re-confirming blocks?

As far as I know, to ensure double-spending didn't happened and also for other security reasons, there is minimum number of confirmations that a transaction should have to be accepted. That value is ...
3
votes
2answers
153 views

Why wait for several confirmations before shipping?

Suppose customers pay me bitcoins for their purchases. As far as I understand, I could check block chain that the proper payment amount has been made to the address I generate for each customer, and ...
0
votes
1answer
58 views

Significance of average block generation rate

I am stuck in this thought for a while regarding the block generation rate. My concern is, when a payer waits for 10 minutes to confirm that her transaction is included in a block, it suggests that a ...
5
votes
1answer
3k views

How long does it take for a transaction with 0 fees to be confirmed or rejected?

I have a problem with a transaction that has 0 btc fees: https://blockchain.info/tx/256301465d77affb6bc7087432a9130db48dd64efa28b0460fb674eda704f382 From what I understand, eventually this ...
3
votes
2answers
90 views

Can you mine without transactions?

As far as I know, mining means verifying transactions and thus keeping the Bitcoin network alive. Today, at a local meetup, some people have informed me that mining doesn't need transactions. They ...
4
votes
2answers
103 views

Accelerated block generation

According to http://btc.blockr.io/ : Height Block created Transactions Block fee Size (kb) Days destroyed 318525 2 minutes ago 28 0.00370000 8.36 kB 2.00 318524 3 ...
1
vote
1answer
109 views

Confirmation limit

When seeing transactions I see that the number of confirmations keeps increasing without any limit. I wanted to know if there is any time limit on including a already confirmed transaction in a block ...
1
vote
2answers
230 views

What does it mean to have -1 confirmations?

I have -1 confirmations for an inbound transaction on my Electrum wallet. What does is it mean to have -1 confirmations?
0
votes
1answer
39 views

How can bitcoin be used for all transactions, even with only one confirmation? [duplicate]

If bitcoin is ever going to be mainstream, how can we get around the problem of confirmation time? I don't think I like the idea of having to wait an hour for my transaction to be confirmed so I can ...
2
votes
1answer
390 views

How long should confirmation (spendable amount) take?

My transaction already has 24 confirmations at blockchain.info, and the transaction is correctly recorded in Multibit. But there is no "spendable amount". I've already "Reset Blockchain And ...
2
votes
1answer
1k views

How long would it take for a transaction with 0 fees to be confirmed six times?

I thought my wallet would ask me for a tx fee, as it always does, it just sent the amount without any tx fee at all. Now it seems to be stuck in some sort of bitcoin limbo. It's been two hours now, ...
3
votes
2answers
249 views

How do we check the time when a transaction hits x confirmations?

Consider the transaction 948a427.. which has 3341 confirmations as of now: We can see that the time the relay is received at 8:36:30 and it has one confirmation at 08:50:04 (after 14 minutes). How ...
3
votes
1answer
83 views

Altcoins: Determine how many confirmations to require to deposit

For Bitcoin it is common knowledge that 6 confirmations suffices. For the hundred of Alt Coins however, I'm not sure what the best practise to be protected enough from double-spents and the likes is. ...
0
votes
1answer
205 views

Creating An Altcoin: How to Lower or Increase Confirmation Times?

When Creating an Altcoin for fun, what variable/attribute do I change in main.cpp file to increase/lower the time it takes for confirmations to take place? Also can the confirmation times be changed ...
3
votes
1answer
499 views

listsinceblock parameter: target-confirmations

listsinceblock help returns: listsinceblock ( "blockhash" target-confirmations ) Get all transactions in blocks since block [blockhash], or all transactions if omitted Arguments: 1. "blockhash" ...
1
vote
1answer
70 views

What are the economics of confirming a block of transactions?

From what I understand, CREATING a block to confirm or verify transactions is hard work, and is rewarded with 25 bitcoins, or something like $12,325 (depending on the daily exchange rate). But how do ...
12
votes
2answers
983 views

How to minimize risk when accepting zero confirmation payments?

I'm trying to setup a way of accepting Bitcoin payments in real life situations, where waiting for confirmations is typically not an option. I understand this is never 100% risk free (especially with ...
7
votes
1answer
747 views

How does BitCoin prevent fraud during confirmation period?

I'm trying my best to understand how bitcoin works and while I've grasped the basics, there's a lingering question: What's to stop me from spending my bitcoin multiple times during a confirmation ...
4
votes
3answers
2k views

If you confirm others' transactions, what do you do to earn 25 bitcoins per block?

I was a bit surprised to learn that you can earn 25 bitcoins, just by confirming a block worth of transactions. If I've done the math right, at $493 per bitcoin, that's $12,325. Does one do a lot of ...
2
votes
1answer
130 views

Is there a way of rewarding users who confirm others' transactions?

Users who confirm or validate others' transactions are performing a public service on the Bitcoin network. Is there any way to reward such users, perhaps by giving them priority for confirmation of ...
5
votes
1answer
798 views

Fastest cryptocurrency

What cryptocurrency is the fastest in terms of reaching 100% transaction confirmation? I've found sites like this that show that Fastcoin is the fastest at 48 seconds. I think David Schwartz said ...