Post
Topic
Board Development & Technical Discussion
Re: Guide to how Bitcoin works
by
Svick
on 16/07/2010, 16:11:29 UTC
My "oldest" transaction is from 7/11 (roughly 6 days ago).  It has 2983 confirmations, which even at a "slow" estimate of every 10 minutes, that was 8 hours ago. :-S  And it doesn't increase when the number of blocks does.
How did you compute that time?

2983 confirmations / 6 confirmations per hour ≐ 497 hours ≐ 21 days.

The result is this big because currently, block are generated much faster than one per 10 minutes.