HalvingBTC
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Bitcoin network fees exceed Ethereum fees
As the halving approaches, transaction fees on the Bitcoin network have exceeded gas costs on Ethereum.
According to analytics platform Cryptofees, on April 17, BTC miners received commissions amounting to approximately $7.47 million. This is $160,000 more than the $7.31 million paid on the Ethereum network. On April 15 and 16, Bitcoin miners earned $9.98 million and $5.91 million, respectively, outpacing Ethereum staking participants. These days they received $3.5 million and $1.1 million less.
However, Ethereum still maintains a slight advantage in average fees over the past seven days - $8.55 million compared to $7.57 million on the Bitcoin network.
An increase in transaction fees on the Bitcoin network occurred a few days before the halving. If miner fees currently account for about 11.5% of the total block reward, then after the halving this share should increase significantly. This is because the daily amount of BTC mined will be halved โ from 900 to 450 coins.
#BTC #Bitcoin #ETH #Ethereum #HalvingBTC
$BTC $ETH
As the halving approaches, transaction fees on the Bitcoin network have exceeded gas costs on Ethereum.
According to analytics platform Cryptofees, on April 17, BTC miners received commissions amounting to approximately $7.47 million. This is $160,000 more than the $7.31 million paid on the Ethereum network. On April 15 and 16, Bitcoin miners earned $9.98 million and $5.91 million, respectively, outpacing Ethereum staking participants. These days they received $3.5 million and $1.1 million less.
However, Ethereum still maintains a slight advantage in average fees over the past seven days - $8.55 million compared to $7.57 million on the Bitcoin network.
An increase in transaction fees on the Bitcoin network occurred a few days before the halving. If miner fees currently account for about 11.5% of the total block reward, then after the halving this share should increase significantly. This is because the daily amount of BTC mined will be halved โ from 900 to 450 coins.
#BTC #Bitcoin #ETH #Ethereum #HalvingBTC
$BTC $ETH
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What's on Monday?
Well, fellow traders, let's sit and fart.
I'm expecting a gradual decline next week before new highs.
We all understand that constant growth is impossible, no matter how ๐ is pulled up ๐น by the ears, emptying their pockets at the end of the play.
Without using a million indicators, without guessing from the tea leaves of those analyzes, we can say with confidence that the market needs a recalculation of balances to fill liquidity.
At the same time, we see that the user has money to buy off the fall, which means more sharks are close and will bite the kids in the ass.
#BTC #HalvingBTC #thoughts
Well, fellow traders, let's sit and fart.
I'm expecting a gradual decline next week before new highs.
We all understand that constant growth is impossible, no matter how ๐ is pulled up ๐น by the ears, emptying their pockets at the end of the play.
Without using a million indicators, without guessing from the tea leaves of those analyzes, we can say with confidence that the market needs a recalculation of balances to fill liquidity.
At the same time, we see that the user has money to buy off the fall, which means more sharks are close and will bite the kids in the ass.
#BTC #HalvingBTC #thoughts
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Halving in the Bitcoin network took place - the reward for the block fell by half
The miner who mines the next block, 840,001, will receive a reward of 3.125 bitcoins, and not 6.25 as the last four years. The daily supply should be approximately 450 BTC versus 900, and the annual supply, thanks to the halving, should fall to approximately 0.85% of the total supply of 21 million coins. Now somewhere around 93.7% of BTC has been mined.
According to the idea of โโBitcoin creator Satoshi Nakamoto, halving should lead to an increasing shortage of the first cryptocurrency and, according to the law of the market, an increase in value. This is what happens: in the second cycle, Bitcoin rose in price compared to the first by 54 times, in the third by 13 times, in the fourth by eight times.
Realistic skeptics from the influential American investment banking holding JPMorgan, one of the largest in the world, announced yesterday that, contrary to the expectations of optimists, Bitcoin will become cheaper immediately after the halving.
#Bitcoin #BTC #HalvingBTC #Halving2024
$BTC
The miner who mines the next block, 840,001, will receive a reward of 3.125 bitcoins, and not 6.25 as the last four years. The daily supply should be approximately 450 BTC versus 900, and the annual supply, thanks to the halving, should fall to approximately 0.85% of the total supply of 21 million coins. Now somewhere around 93.7% of BTC has been mined.
According to the idea of โโBitcoin creator Satoshi Nakamoto, halving should lead to an increasing shortage of the first cryptocurrency and, according to the law of the market, an increase in value. This is what happens: in the second cycle, Bitcoin rose in price compared to the first by 54 times, in the third by 13 times, in the fourth by eight times.
Realistic skeptics from the influential American investment banking holding JPMorgan, one of the largest in the world, announced yesterday that, contrary to the expectations of optimists, Bitcoin will become cheaper immediately after the halving.
#Bitcoin #BTC #HalvingBTC #Halving2024
$BTC
