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On Monday, it took almost an hour to generate a block of cryptocurrency (BTC), which prevented thousands of payments from being completed.
The time among the two most recent transactions produced by Foundry USA and Luxor was 85 minutes, based on on-chain statistics from several block miners.
Bitcoin Fails to Produce 1 Block for Over an Hour
On Monday, it took almost an hour to generate a block of cryptocurrency (BTC), which prevented thousands of payments from being completed.
The time among the two most recent transactions produced by Foundry USA and Luxor was 85 minutes, based on on-chain statistics from several block miners.
Mempool reports that there were over 13,000 payments outstanding before the most recent block generates.
The team looked at information from over 1.3 million tweets sent out during the George Floyd protests in 2020.
To maintain block approvals every 10 minutes, Bitcoin experienced a complexity increase last week.
Cost of mining bitcoin
It costs more to mine bitcoin now that the mining complexity has increased to 35.6 trillion, putting stress on a mining sector already struggling with skyrocketing energy costs and a bear marketplace in cryptocurrencies.
The reason for the most recent block confirmation’s wait is presently unknown.
Mempool reports that there were over 13,000 payments outstanding before the most recent block generates.
The team looked at information from over 1.3 million tweets sent out during the George Floyd protests in 2020.
To maintain block approvals every 10 minutes, Bitcoin experienced a complexity increase last week.
It costs more to mine bitcoin now that the mining complexity has increased to 35.6 trillion, putting stress on a mining sector already struggling with skyrocketing energy costs and a bear marketplace in cryptocurrencies.
The reason for the most recent block confirmation’s wait is presently unknown.
