diff --git a/src/wallet/wallet2.cpp b/src/wallet/wallet2.cpp
index 5bd7d2ee1..39de21899 100644
--- a/src/wallet/wallet2.cpp
+++ b/src/wallet/wallet2.cpp
@@ -12586,7 +12586,7 @@ uint64_t wallet2::get_daemon_blockchain_target_height(string &err)
 
 uint64_t wallet2::get_approximate_blockchain_height() const
 {
-  uint64_t approx_blockchain_height = m_nettype == TESTNET ? 0 : (time(NULL) - 1522624244)/311;
+  uint64_t approx_blockchain_height = m_nettype == TESTNET ? 0 : (time(NULL) - 1522624244)/309;
   LOG_PRINT_L2("Calculated blockchain height: " << approx_blockchain_height);
   return approx_blockchain_height;
 }