Ethereum Users Face Higher Fees as Onchain Transaction Costs Rise

September 24, 2024 Bitcoin.com

bitcoin.com

Since Sept. 15, 2024, onchain fees on the Ethereum network have seen a steady rise, jumping from $1 per transaction to $5.08 by Sept. 20. Though there was a slight dip, bringing fees down to just over $4 on Sept. 23, the average cost per transfer reached 0.0027 ETH ($7.06) on Tuesday morning. Ethereum Users […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Bitcoin’s Computational Power Falls 9.95% After Record Hashrate

September 18, 2024 Bitcoin.com

Bitcoin

Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Bitcoin and Ethereum Fee Drop: The Perfect Time for Cost-Effective Transactions

September 14, 2024 Bitcoin.com

Bitcoin

Although both bitcoin and ethereum have been cruising at lower prices compared to earlier this year, there’s been a silver lining: transaction fees on these leading blockchains have significantly decreased. With costs now sitting at notable lows, it could be the perfect moment to fine-tune transaction expenses for certain activities or even gather unspent transaction […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Report Disputes EIP-1559’s Role in Ethereum’s ‘Ultrasound Money’ Narrative

September 3, 2024 Bitcoin.com

2077 Research

Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559 and address widespread misunderstandings. Ethereum’s EIP-1559: Mark Odayan Calls for Rethinking ‘Ultrasound Money’ Links In a detailed analysis by 2077 Research, […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Ethereum’s Gas Fees Remain Low While Network Turns Inflationary

August 31, 2024 Bitcoin.com

bitcoin.com

According to recent metrics, Ethereum’s onchain fees continue to stay impressively low, with the average transaction cost this weekend at just 0.00029 ETH or $0.743. Etherscan reports that even high-priority fees are under 1 gwei, sitting around 0.972 gwei as of press time. Additionally, ultrasound.money data reveals that Ethereum’s issuance rate is currently inflationary, clocking […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Bitcoin Block 857,911 Delivers $1.12M to Antpool as Miners Enjoy Fee Windfall

August 23, 2024 Bitcoin.com

Antpool

On Thursday, Bitcoin network fees took a significant leap, crossing the $100 mark shortly after 8:45 a.m. EDT. However, this spike was short-lived as fees quickly dropped, settling at just $0.34 per transaction by 7 p.m. EDT. Data collected from the day’s blocks revealed that a few fortunate bitcoin miners managed to snag some blocks […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit $105 Before Plummeting

August 22, 2024 Bitcoin.com

Babylon Staking Sparks Bitcoin Fee Surge: Transfers Hit 5 Before Plummeting

Babylon Labs

On Aug. 22, Bitcoin’s onchain transaction fees took off, soaring to more than 1,250 satoshis per virtual byte (sat/vB), which translated to over $105 per transfer at 8:45 a.m. EDT. However, by 9:40 a.m. EDT on Thursday, fees had dropped to 625 sat/vB or $53.26 per transaction. Bitcoin Miners Rejoice as Fees Hit $105 The […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Ethereum Fees Plummet—Etherscan Adds Decimals to Keep Up With Gas Drop

August 19, 2024 Bitcoin.com

Bitcoin

Over the past few months, both Bitcoin and Ethereum users have noticed a noticeable drop in transaction fees. Ethereum’s network transfer fees, in particular, have fallen to such low levels that Etherscan, a leading Ethereum block explorer, has recently added decimal points to its gas tracker after fees dipped below 1 qwei. Etherscan’s New Decimal […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Tough Times for Bitcoin Miners: First Half of August Yields Just a Fraction of July’s Profits

August 15, 2024 Bitcoin.com

Bitcoin

With the first half of August in the rearview mirror, it’s clear that bitcoin miners are facing a challenging month, having only accumulated 36.36% of the total revenue they made in July. A combination of bitcoin’s price fluctuations and reduced onchain fees has left miners in a much tighter spot. Bitcoin Miners Face a Hard […]

Bitcoin Grows as SatoshiDEX, the First Bitcoin DEX, Hits the Market

Historic Drop in Bitcoin Revenue Leaves Miners Struggling

August 4, 2024 Bitcoin.com

Bitcoin

After peaking at 677 exahash per second (EH/s) on July 25, Bitcoin’s network hashrate declined to 629 EH/s as of Aug. 4. The recent uptick in Bitcoin’s mining difficulty, coupled with the subsequent drop in its price, has driven bitcoin mining revenue to record lows. Monthly Bitcoin Fee Revenue Drops 75%, Hashrate Slides 48 EH/s […]

Transaction Fees