Transaction Strength
time to wait for confidence
What Does This Mean?
A higher Bitcoin Transaction Strength means you can be more confident that a transaction will not be reversed or invalidated through a double-spend or orphaned blocks.
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
CREDIT to @thomaskerin for assisting with the maths. / github source