Bitcoin: Why a dive in BTC deal costs is important for the network
Reporter
Published: November 17, 2023
The part of block benefits originating from deal charges rose to 21% on 16th November.
In a post-halving situation, comparable occasions would lead to a greater share of charge profits.
Bitcoin's [BTC] bullish leap has actually led to widespread trading of the property, triggering a substantial spike in network deals.
The greater the deals, the more costs Bitcoin miners make by verifying them. This was precisely the case, based on AMBCrypto's analysis of Hashrate Index's information.
Costs comprise a greater share of benefits
The part of block benefits originating from deal costs rose to 21% on 16th November. The share has actually been regularly greater than 10% over the last one week.
Source: Hashrate Index
In 2o23, this was the 2nd multi-wee...