Weird experience. I’m used to the 20 minute confirmation time. I just did a transaction and it’s confirming very slowly, almost 30 minutes now for 10 confirmations.

Was there some protocol change?

  • monerobull@monero.town
    7·
    11 months ago

    The 20 minutes is a long term average, it is not unusual for it to take quite a bit longer or shorter. If there have recently been bigger changes in network hashrate, that can affect things as well.

      • VolunTerry@monero.townEnglish
        2·
        11 months ago

        This makes some sense to me as more of a feeling without digging up enough data to confirm the suspicion, but I’d love others with more expertise to chime in.

        Isn’t part of the price>miners>hash>confirmation feedback loop you’re suggesting typically accompanied by corresponding upticks or downticks in interest, use and transaction volume as well?

        Plus, I thought the dynamic block size and dynamic fees usually helped smooth this out and keep the confirmation times within a relatively predictable range of upper and lower bounds.

      • IP2@monero.town
        2·
        11 months ago

        as the price of XMR dips, the miners reduce, and the hashrate reduces

        and difficulty takes some time to adjust, hence confirmation times are longer. I don’t remember the exact numbers off the top of my head but it is not instantaneous.

  • tusker@monero.town
    3·
    11 months ago

    Mining is a random process, so it could happen that 1 confirmation takes 10 minutes or 5 seconds form time to time.