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Bitcoin users incurred a record $2.4 million in fees on the halving block.
đ° The 2024 Bitcoin halving event marked a historic milestone with block 840,000 becoming the priciest ever mined, largely due to the frenzy surrounding the newly launched đżRunes Protocol.
âč This block, mined by ViaBTC at 12:09 am UTC on April 20, recorded users paying đ°a total of 37.7 Bitcoin (BTC) in fees, valued at approximately $2.4 million, to secure space on this block.
The halving itself reduced âŹïž the mining reward from 6.25 BTC to 3.125 BTC per block. Including the mining subsidy, the total payment to ViaBTC for this block amounted to 40.7 BTC, or around $2.6 million.
đ€ The surge in fees was driven by degens eager to inscribe rare assets using the Runes Protocol, introduced concurrently with the halving.
