Peter rizun bitcoin charts
Evan Klitzke has a good explanation of the problem and a theoretical explanation of why Peter rizun bitcoin charts is correct. 15 minutes, regardless of how much time they’ve been trying to find a block.
But we don’t need to rely on a theoretical argument alone. To empirically show why Peter is correct using real Bitcoin block time data, we’ll need to adapt the problem. 10 minutes until the next block is found, no matter how much time it has been since the last block was found. Let’s find out if the data supports this.
It’s an easy way to analyze Bitcoin data. One simplifying assumption: in order to analyze time between mined blocks, I sorted blocks by their timestamp. A given block’s timestamp may even be earlier than the timestamp of a prior block. Looking at data from 2016 , the mean block time is 9.