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BTC Transaction Fees Accounted for 12% of Total Miner Income in October, Hitting The Highest Level Since Jan 2018

Mary Liu

Summary: According to The Block report, the total income of Bitcoin miners in October was $325.7 million. Among them, the ratio of Bitcoin transaction fees to the total miner income rose to 12%, reaching the highest level since January 2018.  One of the reasons for the increased fees is network congestion caused by the increase in ...

According to The Block report, the total income of Bitcoin miners in October was $325.7 million. Among them, the ratio of Bitcoin transaction fees to the total miner income rose to 12%, reaching the highest level since January 2018. 

One of the reasons for the increased fees is network congestion caused by the increase in transaction volume, and the second is the recent rise of Bitcoin price.

By Mary Liu

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Link: BTC Transaction Fees Accounted for 12% of Total Miner Income in October, Hitting The Highest Level Since Jan 2018   [Copy]
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