According to countdown statistics based on 10-minute block generation time, progress toward the next Bitcoin reward halving surpassed 60%.
Progress Toward Bitcoin's Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year
According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. However, while most halving countdown clocks leverage the ten-minute average, the countdown leveraging the most current block intervals of around 7:65 minutes shows the halving could occur in 2023.Just recently, at block height 757,214, mined on October 5, 2022, Bitcoin’s total hashrate tapped an all-time high atper second .
The speed at which the 2,016 blocks are found in between difficulty adjustments determines the difficulty and current block intervals
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