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 51 SEC||1 Block|
|60% Strength : Low Value Txs||00 MIN 00 SEC||Blocks|
|80% Strength||00 MIN 00 SEC||Blocks|
|95% Strength||00 MIN 00 SEC||Blocks|
|99% Strength : High Value Txs||00 MIN 00 SEC||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 confirmations/blocks.
Largest Mining Pool
has % of the Bitcoin network hashrate.
99% Bitcoin Transaction Strength
To be 99% certain your transaction will not be double-spent, you should wait:
00 MIN 00 SEC. The average time for block creation is 08 MIN 51 SEC