April 18, 2024

Bitcoin miners mined four blocks in less than a minute

Last night, May 1, Bitcoin miners mined four blocks in just 46 seconds. In an hour, 12 blocks appeared —twice the average calculated in the algorithm.

Bitcoin miners mined four blocks in less than a minute

Data: BTC.com

According to BTC.com, abnormal activity lasted several hours. For each of them, from 7 to 12 new blocks were registered.

Blockchain.com service did not record the growth of the network hash, which as of May 1 was 112.4 EH / s.

The computing level of bitcoin reached a record level (136.3 EH / s) in early March, but then followed by a drop along with the collapse of the market.

Bitcoin miners mined four blocks in less than a minute

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Next week there will be another recalculation of mining complexity, which regulates the speed of mining blocks. It is expected that it will not change much (+ 0.19%).

Two weeks ago, the difficulty increased by 8.45%, reaching 15.96 T. This is close to the record value of 16.55 T, noted in early March.

Bitcoin miners mined four blocks in less than a minute

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The upcoming halving of Bitcoin will take place atblock 630,000. Accelerating the production of new blocks can bring the event closer. But, according to The Halvening, a block reward cut is still planned for May 12th.

Recall about Bitcoin mining, equipment, the situation in the industry and the upcoming halving, read in the special project of the ForkLog magazine.