Bitcoin transaction fees have soared above Ethereum’s amid a renewed appetite for Ordinals-inscribed assets.
Category: Bitcoin transaction fees
Auto Added by WPeMatico
Miner returns over $500k in BTC transaction fee overpayment to Paxos
Bitcoin explorer Mempool shared blockchain data that confirmed the funds were sent back on Sept. 15.
Bitcoin and Ethereum fees slump to six-month low
Bitcoin and Ethereum transaction fees have declined down to $7.20 and 4.80 respectively.
Powered by WPeMatico
Bitcoin Fees Tap $60 per Transaction, Users Say Fees Restrict Adoption, Others ‘Embrace’ the BTC Fee Pump
On April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee is around $26.44 USD per transfer. Bitcoin Fees Climb Sky High After the Hashrate Plummeted The cost to send a bitcoin (BTC) transaction has never […]Powered by WPeMatico
An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1
An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin. As one report explains, the unusually high fee may have been […]
The post An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC Worth $1 appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline
Bitcoin transaction fees are on the rise again. Fees shot up more than 350% during the last thirty days to Oct. 22. The most significant increase occurred in the last week, as the price of bitcoin soared on growing institutional interest. According to data by Bitinfocharts, it cost an average of $5.75 to send a […]
The post Bitcoin Transaction Fees Spike 350% in a Month, as ETH Fees Decline appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper
The cost of sending a transaction over the Bitcoin network rose sharply over the past month, as the price of the top cryptocurrency climbed higher. According to latest data from Bitinfocharts, the average bitcoin (BTC) transaction fee soared by as much as 547% in the month to August 6, rising from just $1 to $6.47. […]
The post Bitcoin Transaction Fees Soar 550% in a Month, BCH, Dash Transactions Much Cheaper appeared first on Bitcoin News.
Powered by WPeMatico
BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily
Bitcoin averaged over a million daily active addresses in the past week for the first time since January 2018. The growing usage metrics add to evidence of a rising bull market. According to data compiled by Coin Metrics, ethereum might be on course to surpass its all-time high if the bull market continues. The data […]
The post BTC Averages Over 1 Million Active Addresses as ETH Transaction Fees Hit $2M Daily appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Fees Fall 60% While Transaction Count Declines
Bitcoin (BTC) average transaction fees dropped by nearly 60% in the last week, as the number of transactions queuing up to be processed on the network eased. According to data from Bitinfocharts, the cost of making a transaction over the Bitcoin blockchain fell to around $2.61 on May 28, down from just over $6.28 six […]
The post Bitcoin Fees Fall 60% While Transaction Count Declines appeared first on Bitcoin News.
Powered by WPeMatico
Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole
The average transaction cost for Bitcoin (BTC) soared 414% in the days before the halving, peaking at $3.19 on May 8, from as low as $0.62 on April 26. This is the highest price bitcoiners have paid for a transaction on the network in ten months, according to data from Bitinfocharts. Fees are paid each […]
The post Bitcoin Transaction Costs Soar 400% Amid Halving Hyperbole appeared first on Bitcoin News.
Powered by WPeMatico