Category: Transaction Fees

Ethereum Miners Earned Record $830M in January

February 2, 2021

Crypto Nanobot 0

Miner revenue jumped over 120% from the previous month. (Shutterstock) Feb 2, 2021 at 4:15 p.m. UTC Ethereum Miners Earned Record $830M in January Ethereum miners earned a record $830 million in January as network activity, fees and ether’s price all surged.  Monthly revenue has not reached this level since the previous record from January […]

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Lightning Operators Are Bracing for a Bitcoin Bull Run

November 5, 2020

Crypto Nanobot 0

Nov 5, 2020 at 14:23 UTCUpdated Nov 5, 2020 at 14:38 UTC Lightning Operators Are Bracing for a Bitcoin Bull Run With the price of  bitcoin jumping to fresh 2020 highs last month, those running the digital currency’s underlying infrastructure are pondering the consequences. Namely, the routing node operators at the heart of Bitcoin’s Lightning […]

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Someone Just Paid a $9,000 Fee for a $120 DeFi Transaction

November 5, 2020

Crypto Nanobot 0

(Djjeep_Design/Shutterstock) A crypto market participant has accidentally paid a fee 80 times the transaction value while executing a swap on the DeFi liquidity protocol Uniswap. About 14 hours ago, the address “0xe6e2e0cf5d2686d73abd7d3ba24f46ad5eb31819” – claimed by Reddit user “ProudBitcoiner” – swapped 0.2955 wrapped ether (WETH) for 531 chi gastoken (CHI) (worth $120) on Uniswap and paid […]

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Bitcoin Miners Saw 8% Revenue Increase in October

November 2, 2020

Crypto Nanobot 0

Nov 2, 2020 at 14:16 UTCUpdated Nov 2, 2020 at 14:56 UTC Bitcoin fees as a percentage of monthly miner revenue since Jan. 2016 Bitcoin miners generated an estimated $353 million in revenue in October, up 8% from September, according to on-chain data from Coin Metrics analyzed by CoinDesk. The revenue increase came as bitcoin […]

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‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low

October 19, 2020

Crypto Nanobot 0

Oct 19, 2020 at 11:30 UTCUpdated Oct 19, 2020 at 14:01 UTC ‘Boring’ Bitcoin Market Sends Miners’ Fee Earnings to 3-Month Low Bitcoin’s (BTC) on-chain transaction activity has cooled amid the recent lull in price action, and that’s hurting miners’ earnings. The cryptocurrency’s blockchain processed 231,437 transactions on Oct. 18, the lowest since May 24, […]

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