Bitcoin block generation rate dropped to a minimum

Bitcoin block generation speed dropped to a minimum

Bitcoin block generation rate dropped to a minimum

On May 17, miners generated only 95 new blocks in the bitcoin blockchain, which is one from the lowest rates in the last 10 years. Usually this figure ranges from 120-150 blocks..

According to an analyst under the pseudonym digitalikNet, there have been only 8 days since 2010 when the number of new blocks closed was less than 100 and most of them fall on the 3rd quarter. 2017 year. However, as a result of the recent halving, the network hash rate began to drop, which  while maintaining the same level of complexity led to a decrease in the generation rate.

A 50% reduction in reward in combination with a slight increase in the rate forces some of the miners turn off your equipment or mine other cryptocurrencies, so as not to incur losses. Therefore, if the price rises or the difficulty index decreases, they may return again..

Bitcoin block generation rate dropped to a minimum

Others consequence of halving was an increase in transaction fees by 800%, which increased the share of this item of income of miners to 17%.

text: Ivan Malichenko, photo: sales4k, table: Twitter / digitalik.net

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