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Tag: Mempool

Onchain Fees for Bitcoin Drop to Six-Month Low

May 24, 2024 wp-bot Bitcoin News, Blockchain

Bitcoin transaction fees have reached their lowest point since early November 2023, roughly six months ago. The average fee is now about $2.77 per transaction,

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El Salvador Enhances Bitcoin Treasury Transparency With Launch of Dedicated Mempool Space

May 13, 2024 wp-bot Bitcoin News

In a significant move towards transparency, El Salvador’s National Bitcoin Office (ONBTC) has announced the launch of its own mempool space. This development allows anyone

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Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts

April 20, 2024 wp-bot Bitcoin News

Following the Bitcoin halving event, onchain fees climbed to over $240 per transaction just an hour later, and as of now, a high-priority transfer costs

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Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over $54M Collected in 60 Blocks

April 20, 2024 wp-bot Bitcoin News

Since the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge

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After Halving Event, Bitcoin Transaction Fees Soar to Over $240

April 20, 2024 wp-bot Bitcoin News

Upon reaching block height 840,000, when the mining pool Viabtc collected 37.626 bitcoin in fees worth $2.39 million, the expense for onchain transfers climbed, surpassing

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Transaction Fees Soar on Bitcoin Network as Network Braces for Halving

April 18, 2024 wp-bot Bitcoin News, Blockchain

According to recent data, bitcoin transaction fees have significantly increased since the first week of April. Metrics show that the average fee has escalated to

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Blockchain
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