Bitcoin for 2 hours without blocks

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Bitcoin is considered to be the “safest” Investment in the Crypto area and enjoys total the most trusted. But this is true not only for the Asset Bitcoin, but also for the underlying Blockchain. Because the Blockchain behind Bitcoin, there is now even on the longest of all crypto-currencies. Theoretically, the trust with each Block found and continues to grow, as more and more work in the creation of the Blockchain has been invested. The blocks, in which the transactions of the network “built-in” are to be found, Mining is by arithmetic operations “” and then in the Blockchain incorporated. This event happens on average every 10 minutes. It should at least….

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Bitcoin Fans hold their breath: 2 hours without blocks

The Find of a block always takes exactly 10 minutes. Sometimes 8, sometimes 12, etc., But in the average of all 10 minutes. Today, however, was for almost 2 hours, and more specifically to 119 minutes (!!) no Block found in the Blockchain incorporated. Theoretically should have been found in this period, so 12 blocks. Now has returned to normal, the block time and again.To outsiders, this may seem irrelevant, but to people who are in the Crypto area, and especially with Bitcoin, know about the importance and rarity of such an event. Because mathematically it is so, that a longer block of time is more and more unlikely, until a block of time of for example several hours, is theoretically impossible.A User on Twitter sums up the rarity that the block is time, as today, 119 minutes, in order that the probability for the event is approx. 0,000679%, and up to now, only 10 times in bitcoin history is happening.

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Bitcoin block time by the fire in the Mining Farm?

As a possible reason for a fire is discussed in a Chinese Mining Farm. The fire is supposed to have destroyed the entire Mining Equipment of the Farm value of approximately $ 10 million, as shown in the following Video:

Sure, you can’t be the connection between the unusually long block of time, and the Burning of the Mining Farm, however, because it also a coincidence may be that the two events fall on the same day. Statistically, it could be, namely at the 119 minute block of time is also a variance of the block times. A further indication for the connection, however, is that the last time such a long block of time in may of 2014, has appeared is exactly the time when a Mining Farm, also burned down.Also, if the events in China and the connection with the long block time, there is no clarity, it’s from Bitcoin to know Fan point of view, well, that is not a very tragic event. The missing Hashing Power is now taken over by other miners, and the blocks are found again as usual.What do you think about the long block of time? You have other explanations? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News.

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