Postgres can round (truncate) timestamps using the date_trunc function, like this:
date_trunc(\'hour\', val)
date_trunc(\'minute\', val)
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I was wondering the same thing. I found two alternative ways of doing this, but the one you suggested was faster.
I informally benchmarked against one of our larger tables. I limited the query to the first 4 million rows. I alternated between the two queries in order to avoid giving one a unfair advantage due to db caching.
SELECT to_timestamp(
floor(EXTRACT(epoch FROM ht.time) / EXTRACT(epoch FROM interval '5 min'))
* EXTRACT(epoch FROM interval '5 min')
) FROM huge_table AS ht LIMIT 4000000
(Note this produces timestamptzeven if you used a time zone unaware datatype)
Results
SELECT
date_trunc('hour', ht.time)
+ date_part('minute', ht.time)::int / 5 * interval '5 min'
FROM huge_table AS ht LIMIT 4000000
Results
System
Your version seems to be faster. But not fast enough for my specific use case. The advantage of not having to specify the hour makes the epoch version more versatile and produces simpler parameterization in client side code. It handles 2 hour intervals just as well as 5 minute intervals without having to bump the date_trunc time unit argument up. On a end note, I wish this time unit argument was changed to a time interval argument instead.