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How I can calculate Estimated Confirmation Duration

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Can someone give me a formula to calculate Estimated Confirmation Duration of a pending transaction like etherscan.io do?

image of a pending transaction

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At EthGasStation.info, they have this calculator. On youtube you can find many tutorials how to properly use this tool, although it should be self explanatory.

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    Thanks! But I want to calculate Estimated Confirmation Duration in my own block explorer, so I need a math formula. – Bach Duong Jul 16 '18 at 15:58
  • So it's a private net ? Then it's easy, it all depends on the amount of miners and transactions. If the block size fits all the transactions, you will hardly ever wait longer than a maximum of two blocks, often times it will only be one. – Nikita Fuchs Jul 16 '18 at 20:06

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