> What is an actual phenomenon that is well modeled by a poisson process? Time t... | Hacker News

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		lordnacho on Oct 28, 2018 \| parent \| context \| favorite \| on: The Waiting Time Paradox, Or, Why Is My Bus Always... > What is an actual phenomenon that is well modeled by a poisson process? Time to next Bitcoin block mined. It's 10 minutes, regardless if whether you've waited 1 hour, 10 minutes, or 10 seconds. Makes sense though, because all the failed hashes are useless, thus no memory.

bhl on Oct 28, 2018 [–]

To add on, there was this article posted months ago on the same topic:

Why Is It Taking 20 Minutes to Mine This Bitcoin Block?

https://news.ycombinator.com/item?id=16469382

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