Over an Hour Goes by with Only One Block Produced by Bitcoin

On Monday, it took almost an hour to mine a block of bitcoin (BTC), which prevented hundreds of transactions from being completed.

The time between the two most recent blocks mined by Foundry USA and Luxor was 85 minutes.

According to on-chain statistics from a number of block explorers.

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

In order to maintain block confirmations every 10 minutes, Bitcoin underwent a difficulty change last week.

It costs more to mine bitcoin now that the mining difficulty has increased to 35.6 trillion


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