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Data / Median confirmation time / 2016
How long the median transaction waited to be confirmed, in minutes.
Median confirmation time opened 2016 at 7.8 min (January 1, 2016) and closed at 12.3 min (December 31, 2016), up 57.7%. The high was 29.3 min on December 2, 2016 and the low 5.9 min on February 18, 2016.
| Month | Month end |
|---|---|
| January 2016 | 6.8 min |
| February 2016 | 11.4 min |
| March 2016 | 9.3 min |
| April 2016 | 7.3 min |
| May 2016 | 9.5 min |
| June 2016 | 9.4 min |
| July 2016 | 7.9 min |
| August 2016 | 8.6 min |
| September 2016 | 9.3 min |
| October 2016 | 12.9 min |
| November 2016 | 18.4 min |
| December 2016 | 12.3 min |
The time from a transaction being seen to it landing in a block, for the median transaction that paid a fee. It sits near the ten-minute block time when the mempool is clear and stretches to hours when it is not.
Other years: 2026 · 2025 · 2024 · 2023 · 2022 · 2021 · 2020 · 2019 · 2018 · 2017 · 2015 · 2014 · 2013
Also in 2016: Bitcoin price · Distance from the all-time high · 200-day and 200-week averages · Network hashrate · Mining difficulty · Difficulty adjustments · Fees paid to miners · Transactions per day · Hashprice · Miner revenue · Bitmain releases and the bitcoin price · Break-even electricity price