Bitcoin can’t generate 1 block in more than an hour
It took more than an hour to mine a bitcoin (BTC) block on Monday, leaving thousands of transactions stuck in unconfirmed states.
According to the data on the word string some block explorerthe interval between the two latest blocks mined by Foundry USA and Luxor is 85 minutes.
Based on Mempoolover 13,000 transactions were pending before the latest block was mined.
Last week Bitcoin went through a difficulty adjustment to make sure block confirmations continue every 10 minutes. With the mining difficulty increasing to 35.6 trillion, bitcoin mining becomes more expensive, which creates great pressure on the mining industry that is dealing with rising energy prices and the cryptocurrency bear market. death.
Tadge Dryja, founder of Lightning Network, tweeted that the 85 minute gap between blocks can happen every 34 days, regardless of difficulty changes.
UPDATE (October 17, 2022, 13:53 UTC): More quote from Lightning Network founder Tadge Dryja.