Update Default Backoff Settings

[aphralG]

Proposed changes

Update default backoff settings to

• now try for 1 minute instead of 30 seconds
• try 3 times in 30 seconds and 5 times in 1 minute instead of 9+ times in 30s

Checklist

Before creating a PR, run through this checklist and mark each as complete.

• I have read the CONTRIBUTING document
• I have run make install-tools and have attached any dependency changes to this pull request
• If applicable, I have added tests that prove my fix is effective or that my feature works
• If applicable, I have checked that any relevant tests pass after adding my changes
• If applicable, I have updated any relevant documentation (README.md)
• If applicable, I have tested my cross-platform changes on Ubuntu 22, Redhat 8, SUSE 15 and FreeBSD 13