CoinVoice has recently learned that the average transaction fee on the Bitcoin blockchain has remained below $2 since July 1, the lowest level since October 2023. According to bitinfocharts.com data, the average transaction fee is 0.000026 BTC or $1.54, equivalent to 15.5 sat/vB.
Lower fees and a lower BTC price have led to a significant drop in the hash price, which is an estimate of the hash rate of 1 petahash per second (PH/s). Currently, the hash price is below $50 at $48.62 per petahash, indicating that Bitcoin miners are still under great pressure. [Original link]
