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.
Read More
- Cookie Run Kingdom Town Square Vault password
- Rick Owens Gives RIMOWA’s Cabin Roller a Bronze Patina
- Alec Baldwin’s TLC Reality Show Got A Release Date And There’s At Least One Reason I’ll Definitely Be Checking This One Out
- After The Odyssey’s First Look At Matt Damon’s Odysseus, Fans Think They’ve Figured Out Who Tom Holland Is Playing
- Judge Fines Oregon Man with $120 Million in Crypto Fraud Case
- ‘The Last of Us’ Gets Season 2 Premiere Date
- NEIGHBORHOOD Unveils SS25 Collection Featuring Keffiyeh-Inspired Pieces
- Unveiling the Enchanting World of Peer-to-Peer Crypto: A Witty Guide
- Disney+ Lost A Ton Of Subscribers After The Company Raised Prices, But It Didn’t Seem To Matter For Another Streamer
- Cookie Run Kingdom: Shadow Milk Cookie Toppings and Beascuits guide
2024-04-20 17:40