Express

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

  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 15 hours ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • New All-Time High for BTC: Weekly Market Outlook & Strategy 8 days ago
  • You need to login to comment.