11-01-2020, 05:09 AM
Bitcoin block times - reliability
<!-- SC_OFF --><div class="md"><p>Triggered by a recent post in which it was pointed out that a block hadn't been mined for 1.5 hours..</p> <p>There was 1 hour and 41 minutes between blocks. 1 hour and 41 minutes!</p> <p><a href="https://www.blockchain.com/btc/block/000000000000000000025e38a9f31ba9298786ffb0279e4bde382bdee00c4d88">https://www.blockchain.com/btc/block/000000000000000000025e38a9f31ba9298786ffb0279e4bde382bdee00c4d88</a> <a href="https://www.blockchain.com/btc/block/00000000000000000007b0562e9a1e8e508338fe8874ffa8586c61afddcce4d8">https://www.blockchain.com/btc/block/00000000000000000007b0562e9a1e8e508338fe8874ffa8586c61afddcce4d8</a></p> <p>I was wondering how people, mostly Bitcoin enthusiasts, think about this. So apparently, even if you pay the maximum transaction fee to get into the next block, it could still be the case that you have to wait for over an hour to get a single confirmation. I see this as a bit of an issue, apparently regardless of the fee you pay, you can't count on Bitcoin for any time-sensitive transaction.</p> <p>How do you feel about this? Do you think that this is okay because it's a store of value that doesn't need to be moved, or do you see issues with this because apparently even block times can't be relied upon?</p> </div><!-- SC_ON --> Kind Regards R
<!-- SC_OFF --><div class="md"><p>Triggered by a recent post in which it was pointed out that a block hadn't been mined for 1.5 hours..</p> <p>There was 1 hour and 41 minutes between blocks. 1 hour and 41 minutes!</p> <p><a href="https://www.blockchain.com/btc/block/000000000000000000025e38a9f31ba9298786ffb0279e4bde382bdee00c4d88">https://www.blockchain.com/btc/block/000000000000000000025e38a9f31ba9298786ffb0279e4bde382bdee00c4d88</a> <a href="https://www.blockchain.com/btc/block/00000000000000000007b0562e9a1e8e508338fe8874ffa8586c61afddcce4d8">https://www.blockchain.com/btc/block/00000000000000000007b0562e9a1e8e508338fe8874ffa8586c61afddcce4d8</a></p> <p>I was wondering how people, mostly Bitcoin enthusiasts, think about this. So apparently, even if you pay the maximum transaction fee to get into the next block, it could still be the case that you have to wait for over an hour to get a single confirmation. I see this as a bit of an issue, apparently regardless of the fee you pay, you can't count on Bitcoin for any time-sensitive transaction.</p> <p>How do you feel about this? Do you think that this is okay because it's a store of value that doesn't need to be moved, or do you see issues with this because apparently even block times can't be relied upon?</p> </div><!-- SC_ON --> Kind Regards R