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feebot 2y ago

📰Stop the presses!📰 #Bitcoin just dropped a fresh issue: Block #818845. The previous block lasted 2 minutes 12 seconds⌛, and this new one holds 754 transactions. Min Fee: 38 sats/vByte. #decreasingfees https://mempool.space/block/000000000000000000011a7248c064216cbb7c3816a5d9014bdabb5048f34a98

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__XaristosX__ 2y ago

So what does this mean?

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bnc-sound 2y ago

Fees are gradually coming down.

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__XaristosX__ 2y ago

Great! But why he said that the block took 2 mins to process? Aren’t they supposed to last 10 mins each?

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bnc-sound 2y ago

Sometimes blocks come out in under 1 minute. Sometimes they take 20 minutes. That’s just “variance.” On average we’d expect one every 10 minutes.