Silk Road forums

Discussion => Newbie discussion => Topic started by: zenthor on May 14, 2013, 06:19 am

Title: Time for bitcoin deposit to go through?
Post by: zenthor on May 14, 2013, 06:19 am
Hey i just sent a deposit about 30 minutes ago and im wondering how long it takes to show up in my account. as of right now its showing 5 of 6 confirmations.
Title: Re: Time for bitcoin deposit to go through?
Post by: Theory on May 14, 2013, 06:20 am
I think it's around a hour
Title: Re: Time for bitcoin deposit to go through?
Post by: offbeatadam on May 14, 2013, 06:21 am
When the confirmations are done, its displayed.

(I was wrong on my second point, taking it away so it doesn't come up in searches)
Title: Re: Time for bitcoin deposit to go through?
Post by: Libertas on May 14, 2013, 06:25 am
When the confirmations are done, its displayed.

This changes based upon the amount transferred, larger amounts require more validations to be performed.

The above is incorrect - larger amounts do not require more confirmations than smaller amounts. Regarding the length of time a Bitcoin deposit generally takes, please see the SR Wiki here:

http://dkn255hz262ypmii.onion/wiki/index.php?title=Frequently_Asked_Questions#Why_isn.27t_my_deposit_showing_up_in_my_account.3F
Quote
Why isn't my deposit showing up in my account?

It can take up to 6 hours for a deposit to be confirmed on the blockchain, processed, and credited to your Silk Road account. If your deposit still hasn't shown up, first check that it is showing up on the blockchain by searching for your deposit address on a site like blockchain.info. If your transfer doesn't appear here, then it was never sent and you need to find out why from the person or organization who initiated the transfer. If the transfer does appear, then there could be a problem on our end and you should contact us.

Libertas
Title: Re: Time for bitcoin deposit to go through?
Post by: zenthor on May 14, 2013, 06:30 am
thanks
im guessing they wait for 10 confirmations like it is suggested for any business, and it probably bounces around several addresses for extra security.
Title: Re: Time for bitcoin deposit to go through?
Post by: offbeatadam on May 14, 2013, 06:32 am
When the confirmations are done, its displayed.

This changes based upon the amount transferred, larger amounts require more validations to be performed.

The above is incorrect - larger amounts do not require more confirmations than smaller amounts. Regarding the length of time a Bitcoin deposit generally takes, please see the SR Wiki here:

http://dkn255hz262ypmii.onion/wiki/index.php?title=Frequently_Asked_Questions#Why_isn.27t_my_deposit_showing_up_in_my_account.3F
Quote
Why isn't my deposit showing up in my account?

It can take up to 6 hours for a deposit to be confirmed on the blockchain, processed, and credited to your Silk Road account. If your deposit still hasn't shown up, first check that it is showing up on the blockchain by searching for your deposit address on a site like blockchain.info. If your transfer doesn't appear here, then it was never sent and you need to find out why from the person or organization who initiated the transfer. If the transfer does appear, then there could be a problem on our end and you should contact us.

Libertas

I went back to check myself and you are right, I was wrong. I was reading something else at some point and crossed it in my mind with btc. Oops!
Title: Re: Time for bitcoin deposit to go through?
Post by: quixotist on May 14, 2013, 07:23 am
It's 6 confirmations just like on all other Bitcoin sites, the default value in the original Satoshi Bitcoin client. That's an hour on average.
Title: Re: Time for bitcoin deposit to go through?
Post by: Not_A_Sheep on May 14, 2013, 07:29 am
Dude, this poker site took like almost a week to process a deposit once, I think they were fuckin around with my bc's or something cause I had to message them and be like, what the fuck wheres my shit, before the coins showed up which took several days, weird