It takes 122 minutes to mine 679,786 blocks of Bitcoin .. Longest block interval in nearly 10 years
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April 20, 2021The Bitcoin blockchain recorded one of the largest time intervals between two blocks in history. This was reported by YouTube on the 19th (local time).
It took 122 minutes to mine 679,786 blocks, according to Coinmetrics data engineer Antoine Le Calvez. This was eventually discovered by the mining pool F2Pool.
“Block 679,786 took 122 minutes to be mined. Assuming a new block is generated every 10 minutes, this is a probability of 1 in 200,000.”
This is the longest block interval since it took 141 minutes to mine 149,097 blocks on October 13, 2011.
Blocks are now being mined at a much slower rate after the hashrate dropped by up to 45% overnight due to power outages in Xinjiang, China, a major mining center.
[Longest block interval ever]
In general, in the Bitcoin blockchain, new blocks are discovered every 10 minutes, but some anomalies are discovered.
Block 0 and Block 1, the so-called’Genesis Blocks’, mined by Satoshi Nakamoto on January 3, 2009, recorded the largest time interval of 8 hours and 39 minutes on the 5th.
The second longest block and the third longest block were recorded on May 22, 2009 and June 5, 2009 for 1 day and 1 hour respectively.
(The Bitcoin blockchain has just recorded one of the biggest time intervals between two blocks in its history.)
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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.
