Post
Topic
Board Pools
Re: [850 TH] Slush's Pool (mining.bitcoin.cz); TX FEES + VarDiff
by
nottm28
on 07/02/2014, 18:50:24 UTC
Just as a newbie matter of interest, how is it that it takes 100 confirmations to get into ones account, but from the instigation of the transfer to your wallet, it only takes minutes - surely, then payout has to go through the blockchain as well, but perhaps ones wallet only requires a lesser number of confirmations..............?

100 confirmations is basically to ensure the integrity of the blockchain - see here for more

https://en.bitcoin.it/wiki/Confirmation