Post
Topic
Board Bitcoin Discussion
Re: Whats the longest you have waited for one confirmation??
by
BitUsher
on 13/02/2015, 22:33:31 UTC
50 minutes for me , but that is just because I use it so much and therefore increase the probability that I see a long confirmation time. Most confirmations are 7-12 minutes.

It's a Poisson process, with a mean of 10 minutes. So...

What is the probability that the next block will be found within 10 minutes from now?
63.212%

Or within 1 minute?
9.516%

Or 10 seconds?
1.653%

Or 1 second?
0.167%