{"id":15844,"date":"2021-06-29T12:00:00","date_gmt":"2021-06-29T12:00:00","guid":{"rendered":"http:\/\/ci0286cf8c10002483"},"modified":"2025-01-29T15:14:18","modified_gmt":"2025-01-29T15:14:18","slug":"bitcoin-hit-historical-slow-average-block-time","status":"publish","type":"post","link":"https:\/\/bitcoinmagazine.com\/markets\/bitcoin-hit-historical-slow-average-block-time","title":{"rendered":"Bitcoin Has Hit A Historically-Slow Average Block Time"},"content":{"rendered":"<div id=\"bsf_rt_marker\"><\/div><p><em>The below is an excerpt from a recent edition of the Deep Dive, <\/em>Bitcoin Magazine<em>&#8216;s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, <a href=\"https:\/\/members.bitcoinmagazine.com\/\">subscribe now<\/a>.<\/em><\/p>\n<p>Over the weekend, the trend of falling hash rate on the Bitcoin network that has been observed over the last month accelerated in a historic manner. On Sunday, the average block time exceeded 23 minutes, the highest average block time on a day in over a decade, with the only other occurrences of slower average daily block intervals occuring before bitcoin even had a market price, back in 2009.&nbsp;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/3_pasted-image-0-3.png\" title=\"\"><\/figure>\n<p>However it should be noted that looking at one-day sample sizes of hash rate and mean block interval times can be misleading, due to the probabilistic nature of bitcoin mining; variance is to be expected.&nbsp;<\/p>\n<p>Using the trailing seven-days (168-hour moving average), the average time between blocks was 19 minutes and 32 seconds, almost double the 10-minute target interval.<\/p>\n<p>The next miner difficulty adjustment is now estimated to come in at <a href=\"https:\/\/bitcoin.clarkmoody.com\/dashboard\/\" target=\"_blank\" rel=\"noopener\">-25.8% on July 2<\/a>, which would be the largest downwards difficulty adjustment in the history of the Bitcoin network.&nbsp;<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/screen-shot-2021-06-22-at-101721-am.png\" title=\"\"><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Over the weekend, the average block time on the Bitcoin network hit its highest average since 2009.<\/p>\n","protected":false},"author":2539,"featured_media":15846,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[34],"tags":[85,189,1669],"class_list":{"0":"post-15844","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-bitcoin-magazine-pro","9":"tag-bitcoin-mining","10":"tag-mining-difficulty"},"author_data":{"id":2539,"name":"Dylan Leclair","nicename":"dylan-leclair","avatar_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2025\/01\/dylanheadshot-edited-96x96.png"},"featured_image_url":"https:\/\/bitcoinmagazine.com\/wp-content\/uploads\/2024\/11\/is-it-time-to-take-an-initiative-to-decrease-bitcoins-block-size-seriously.jpg","_links":{"self":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15844","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/users\/2539"}],"replies":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/comments?post=15844"}],"version-history":[{"count":0,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/posts\/15844\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media\/15846"}],"wp:attachment":[{"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/media?parent=15844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/categories?post=15844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitcoinmagazine.com\/wp-json\/wp\/v2\/tags?post=15844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}