Approximately 63 blocks have been extracted from the Bitcoin network post-halving, resulting in an increased fee rate that has generated substantial earnings for the mining community.
At 9:00 p.m. Eastern Daylight Time on Friday, a surge occurred causing the transaction fee to jump from $18 to approximately $245. However, by Saturday at 7:30 a.m. EDT, the transfer fees had dropped significantly to just $34.
Following the bitcoin halving, transaction fees on the Runes protocol significantly increased due to a rise in network activity and the desire to obtain newly created runes. In particular, Viabtc’s processing of block 840,000 generated 3.125 BTC in block rewards and an additional 37.625 BTC in transfer fees from approximately 3,050 transactions.
Over the next twelve blocks, among which was the Viabtc halving block, Bitcoin miners earned a total of 257.043 BTC or approximately $16.35 million. After mining for sixty blocks, their Bitcoin haul exceeded 860 coins, equivalent to over $54 million.
At a block height of 841,005, Antpool received 32.946 Bitcoins as mining fees. Over the past 60 blocks, more fees were gathered than in any previous 24-hour span.
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2024-04-20 17:40