time to wait for confidence
What Does This Mean?
Current Waiting Times
This table, calculated as of right now, shows the amount of time to wait depending on your appetite for risk.
|STRENGTH||TIME TO WAIT||# OF BLOCKS|
|Very Low Value Transactions||08 MIN 17 SEC||1 Block|
|60% Strength : Low Value Txs||08 MIN 17 SEC||1 Blocks|
|80% Strength||16 MIN 34 SEC||2 Blocks|
|95% Strength||33 MIN 07 SEC||4 Blocks|
|99% Strength : High Value Txs||49 MIN 41 SEC||6 Blocks|
Example: With a transaction strength of 80%, *IF* the largest mining pool wanted to be malicious, they would have 20% chance of success after 2 confirmations/blocks.
Largest Mining Pool
AntPool has 17.06% of the Bitcoin network hashrate.
99% Bitcoin Transaction Strength
To be 99% certain your transaction will not be double-spent, you should wait:
49 MIN 41 SEC. The average time for block creation is 08 MIN 17 SEC