Bitcoin Fails to Produce 1 Block for Over an Hour
An 85-minute block interval left more than 13,000 transactions stuck in a pending state on Monday.
It took more than an hour to mine a block of bitcoin (BTC) on Monday, leaving thousands of transactions stuck in an unconfirmed state.
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According to Mempool, over 13,000 transactions were pending before the latest block was mined.
Last week Bitcoin underwent a difficulty adjustment to ensure block confirmations kept taking place every 10 minutes. With mining difficulty surging to 35.6 trillion it becomes more expensive to mine bitcoin, which heaps pressure on a mining industry that is dealing with soaring energy prices and a crypto bear market.