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Bitcoin Halving Fees

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

Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community ReactsFollowing 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 between $52 and $78 per transaction at 10:30 a.m. Eastern Time on Saturday. The increasing fees have prompted a flood of comments from individuals in the crypto space, as this […]

Record-Breaking Pepe Unchained Presale Surges Past $40M With Just 23 Days Left Before Exchange Launch

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

Bitcoin Miners Smash Previous Revenue Records Post-Halving; Over M Collected in 60 BlocksSince the halving, 63 blocks have been mined, and bitcoin miners have accumulated substantial fees following a dramatic increase in the fee rate. This surge took the cost per transaction from $18 to over $245, recorded at 9:00 p.m. EDT on Friday evening. Since then fees have dropped and by Saturday morning at 7:30 a.m. […]

Record-Breaking Pepe Unchained Presale Surges Past $40M With Just 23 Days Left Before Exchange Launch

Bitcoin users spend record $2.4M in fees on halving block

The 2024 halving block has gone down as the most expensive block ever mined in Bitcoin’s history — with users scrambling to inscribe rare assets via the new Runes Protocol.

Bitcoin users have spent a staggering 37.7 Bitcoin (BTC) in fees — worth just over $2.4 million at current prices — to nab their share of limited space on the fourth-ever Bitcoin halving block. 

At 12:09 am UTC on April 20, Bitcoin miner ViaBTC produced the 840,000th block, triggering the automated protocol that cuts miner rewards by 50% from 6.25 BTC to 3.125 BTC per block.

Block 840,000 rapidly became the most sought-after piece of digital real estate in Bitcoin’s history with users dropping a total of37.67 BTC on fees, according to data from Bitcoin block explorer mempool.space.

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Record-Breaking Pepe Unchained Presale Surges Past $40M With Just 23 Days Left Before Exchange Launch

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

After Halving Event, Bitcoin Transaction Fees Soar to Over 0Upon 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 $240 per transaction. Block 840,003 recorded 16.06 bitcoins in fee payments, and block 840,004 accumulated 24 bitcoins in fees valued at over $1.5 million. Bitcoin Transaction Fees Skyrocket Above $240 […]

Record-Breaking Pepe Unchained Presale Surges Past $40M With Just 23 Days Left Before Exchange Launch