Bitcoin (BTC) block time from 2017 to April 13, 2021

Published by Raynor de Best, Apr 14, 2021
The Bitcoin confirmation time - the time it takes to mine a block of Bitcoin transactions - fluctuated by several minutes over the course of February 2021. While not often used for purchases, investors have flocked towards Bitcoin and other virtual currencies for investment. Fluctuations in price could lead to changes in investor activity, which would have correlating changes in transaction times. Given Bitcoin’s security algorithm, which depends on a distributed ledger, an increase in the number of Bitcoins in circulation could also lead to longer transaction times.

Average time it takes to mine a Bitcoin from January 2017 to April 13, 2021 (in minutes)

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Source

Release date

April 2021

Region

Worldwide

Survey time period

January 2017 to April 13, 2021

Supplementary notes

Monthly figures are as of the end of that particular month.

Figures have been rounded.

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