Bitcoin Forum

Wow... howcome it takes so long? Last block was 22 minutes ago.
Does this happen often?

Holy moly!

30 Minutes and counting now  ???

Block height 552994

Many Miners have quit mining, so the delays will just get worse as time passes.

The rest of the miners have started short selling BTC, don't expect it to maintain a decent price.

I expected a slower network because of the miners shutting down but we are at 40 minutes now since last block...

People using bitcoin need to wait 40 minutes for a confirmation, that alone makes people want to stop using it, not a good thing.

Damm that is not good for Bitcoin at all  :(

42 Minutes and counting.... wtf is going on?

As somebody said above people are shutting miners down because its no longer profitable. I would do the same if I was runing rigs. Nobody can keep on running at a loss

blockchain rules are not 1 block every 10 minutes

its 2016 blocks every 2 weeks. coded
which only in the human brain but not in code calculates to AVERAGE 1 block ~10min

this means there are times a block can arrive in 2 minutes and another block can arrive in 18 minutes and on average thats 2 blocks in 20minutes thus still being ~10mins each

in the last 24 hours ~144 blocks should have been produced.
24 hours ago block 552871 was made
at time of posting 552994
123 block mined
=5.125 blocks an hour = less than 12minute average

if you check th other blocks before 552994(current block at time of this post)
552994    51 minutes ago
552993    1 hour 2 minutes ago (11 minutes before ..994)
552992    1 hour 6 minutes ago (4 minutes before ..993)
552991    1 hour 16 minutes ago (10 minutes before ..992)

so ask yourself before panicing.. why were you not screaming celebrations of the 4minute block?

infact lets look at a few more blocks. knowing 6 blocks are average an hour... yet an hour before ..94
552994 2018-12-08 06:50:47
552984 2018-12-08 05:50:52

means 10 blocks were made in an hour. thus the previous hour before ..94 blocks were being made in ~ 6 minutes

Gotcha... although at the time of this writing the last block was 52 minutes ago.
Does this mean later blocks will follow eachother in a faster rate to keep up with the average?

And there we go... 1 hour without blocks...

Could this be the first time this happened?

its something that always has happened for nearly 10 years.
there is no rule to fix it at 10 minutes.

its a 2016 per 2 week rule not a 10 minute rule
the 10minutes is just an average, not a fixed time

Gotcha...
Was kinda thinking something was going on though doing an hour without a block.

Thank you very much for your explanation. This would have been the highest height of FUD. This is the reason I will like to to enroll in where I can learn extensive about blockchain.

enrolling in courses is a waste of funds

just ask questions for free and get answers for free
yes you have to weed through the newbie spam of fud and panic. but you can also find fud and panic going through some of these 'courses' which are set up by people that dont know better and are just after grabbing your funds by pretending to offer you insight.

in short. those that charge you for information are unsuccessful earning money from knowing what blockchains do.
those that offr free info are successful thus dont need to charge people for info that can be freely gained

Delays in the network is an eternal problem of cryptocurrency, but the question of scaling is always in the first place for developers.

Sometimes, even when mining power is at its highest level, such situations are taking place. There's nothing to panic. Yes, the number of miners may be reduced. But the number of transactions decreased. Technically, the number of pending transactions is not very different. This will move in free market conditions. When demand increases, the price will increase and then the number of miners will increase.

It depends on mining pools. This happens every day. Blocks can be processed for up to 30 minutes, and then the speed grows.

Why are you doing this kind of emphasis?

It happens fairly regularly, and sometimes for much longer than 1 hour.

Back in 2014, there was a gap of 2 hours and 2 minutes between blocks 301595 (https://www.blockchain.com/btc/block-height/301595) and 301596 (https://www.blockchain.com/btc/block-height/301596). Or just back in October this year, there was a gap of 1 hour and 39 minutes between blocks 544476 (https://www.blockchain.com/btc/block-height/544476) and 544477 (https://www.blockchain.com/btc/block-height/544477). Or how about the gap of 6 days between blocks 0 (https://www.blockchain.com/btc/block-height/0) and 1 (https://www.blockchain.com/btc/block-height/1).

In the hour following OP's "delayed" block 552995, we had 9 blocks. In the hour preceding the preceding block 552994, we had 11 blocks. There were total of 20 blocks in these 3 hours, giving an average of 9 minutes per block.

Not totally new in crypto but less informed in mining. I believe this is pretty common but it will pretty be more common for now because we all know how many miners quit mining after the fall in the current price of Bitcoin and the whole market. Even in China, most of the mining companies will cease to operate. https://bitcoinexchangeguide.com/small-and-medium-sized-crypto-mining-companies-in-china-could-soon-stop-operating/

You are just creating a Fud here and those newbie who are not aware of mining and block chain will feel unnecessary worried after reading your posts comments. I think every thing is normal with bitcoin transactions and their is nothing to be worried about.

So many miners have stopped mining due to it being unprofitable, its really bad. Although I read an article saying that it's profitable again? So not really sure what's going on.