Bitcoin halving may be delayed

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The recent drop in the price of bitcoin forced the miners to shut down some equipment. This has resulted in a 60% increase in the time taken on average to find a new block.

The network algorithm assumes that on average a new block is added every 10 minutes. In early March this figure was less than 9 minutes, but by the 18th-19th date, it jumped to 12-14 minutes.

The researcher noted that slowing down block time may shift the date of halving. At the same time, the reduction of the block reward from 12.5 BTC to 6.75 BTC will put additional pressure on the profitability of the mining.

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