Re: [ANN][BET] BETACOIN - SHA256 COIN | POW | 32mln + 0,39% annual | NO PREMINE
Coinsilo is great!!!!
Stable and fast payouts. Not a problem for me!!!
I mined on them for a little over an hour and had 12 coins unconfirmed. It took 7 hours before the first 6.5 coins were confirmed, then another 6 hours before the last 5.5 coins were confirmed. 13 hours in total to confirm 12 coins. I do not consider that fast. Stable and fast payouts. Not a problem for me!!!
That means that if you just mined a block, it will take 120*4min=8 hours on average to get mined coins.
NB! that is not a transaction confirmations, that is mined block confirmations.
As for pool owners, they usually make lower confirmations limit for mined blocks to speed up payouts, for example - bet.coinsilo.com have 60 confirmations on mined blocks:
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Lowered confirmations, posted Dec 20, 2013 at 05:48 by incrediblehulk
I have lowered the confirmations to 60 to see how it goes.
UPDATE: I have reverted back to 120 confirmations
I have lowered the confirmations to 60 to see how it goes.
UPDATE: I have reverted back to 120 confirmations