Bitcoin

Bitcoin Generates No Blocks In Over 85 Minutes

On Monday, it took more than an hour to mine a block of Bitcoin (BTC), leaving hundreds of transactions unresolved.

The time between the two most recent blocks mined by Foundry USA and Luxor was 85 minutes, according to on-chain statistics from numerous block explorers.

Mempool reports that over 13,000 transactions were waiting before the most recent block was mined.

It’s unclear why the most recent block confirmation was delayed.

Last week, Bitcoin’s difficulty was adjusted to guarantee that block confirmations continued to occur every 10 minutes. Mining Bitcoin gets more expensive as mining difficulty rises to 35.6 trillion, putting pressure on a mining industry already coping with increasing energy prices and a crypto bear market.

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Harold

CoinCu News

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.