monero confirmation time increasing? (hackertalks.com)

submitted 1 year ago* (last edited 1 year ago) by jet@hackertalks.com to c/monero@monero.town

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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?

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[-] monerobull@monero.town 7 points 1 year 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.

[-] jet@hackertalks.com 2 points 1 year ago

https://www.coinwarz.com/mining/monero/hashrate-chart

The hashrate does seem to be down. So as the price of XMR dips, the miners reduce, and the hashrate reduces, and confirmation times increase?

[-] IP2@monero.town 2 points 1 year 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.

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