23-minute blocks

The Chinese crackdown on miners has led the daily mean block interval to shoot far above the regular 10-minute block interval. On Sunday, the mean block interval reached 23 minutes.
Source: Glassnode

Last week, we mentioned that the 7-day moving average hashrate in bitcoin had declined to 116 EH/S. This week, it’s dropped further, and on Sunday, the 7-day average hashrate hit an 18-month low of 91 EH/S.

This has led the mean block interval to skyrocket far above the normal state of 10 minutes per block. On Sunday, the mean block interval sat at 23 minutes.

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