Post-Halving Fallout: Bitcoin Hashprice Slides 30%, Miners’ Earnings Hit
Following a peak in onchain fees, bitcoin miners experienced a significant decline in the hashprice, which fell from a daily rate of $114 per petahash on Sunday to a markedly…
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Nearly $85m in fees spent to mint Bitcoin Runes in less than 3 days, data shows
Users expected a 'mempool sniping' frenzy, prompting Bitcoin transactions with high fees to guarantee Runes minting. The post Nearly $85m in fees spent to mint Bitcoin Runes in less than…
Bitcoin transaction fees stabilize after fourth halving
Bitcoin transaction feese initially faced a short-term surge post-halving, but the network's transaction fees have now stabilized. The post Bitcoin transaction fees stabilize after fourth halving appeared first on Crypto…
Bitcoin Miner Rewards Shrink Below Pre-Halving Levels as Network Fees Fall Sharply
After experiencing a period of high fees, onchain transfer costs on the Bitcoin network have decreased significantly. On Friday, the fees peaked at $240 per transaction, but by now they…
The Runes Economy: Navigating the Booming Market of Bitcoin-Derived Tokens
While the BRC20 token economy’s market valuation surpasses $2.8 billion, according to one leading market cap aggregation website, tokens derived from the Runes protocol are beginning to experience price discovery…
93 Blocks, $71 Million in Fees: Bitcoin Mining Revenue Booms Post-Halving
Since the halving, miners have successfully extracted 93 blocks, accumulating a significant 1,087.99 bitcoins valued at approximately $71.04 million solely from transaction fees. As of 2:00 p.m. EDT on Saturday,…
Bitcoin Halving, Runes Proliferation Results in Historic Fee Increases, Crypto Community Reacts
Following 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…
Runes Proliferate on Bitcoin, Sparking New Token Sales on Specific Markets
In the 12 hours following the introduction of the Runes protocol, bitcoin miners have collected substantial fees as the rush to mint runes now dominates block space. Presently, numerous runes…
Runes could solve Bitcoin’s long-term security: IntoTheBlock
As Bitcoin approaches its halving event, the Runes impact could be key to sustaining miner revenues through increased transaction fees. The post Runes could solve Bitcoin’s long-term security: IntoTheBlock appeared…
Runes Protocol to Debut Alongside Bitcoin Halving, Could Boost BTC Ecosystem
As the halving is set to occur between April 19-20, 2024, a substantial number of crypto enthusiasts are eagerly preparing for the Runes protocol. The concept of Runes was developed…