How do they know txn will process in 29 minutes ?

#askNostr

Is 't #bitcoin beautiful?

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That's what too expensive

Yes .. 167 dollars to move 100 :-) .. but I have no plans to accelerate anything :-)

Slow and steady

They don’t. It says “about 29 minutes”. The statement is based on the current state of the mempool and the fact that on average every ten minutes a new block is mined.

The mempool situation can change any second and it can take excessively long to find the next block. That’s why it says roughly 30 minutes.

Estimate based on the fees?