Bitcoin miners are making a killing in transaction fees 

A few months ago when cryptocurrency Bitcoin split into two, Bitcoin and Bitcoin Cash respectively, the mining Transaction fees went on a decline. It seemed that it would continue to be on the decline side for some more time. But the opposite has happened. The mining Transaction fees have reached their all time high of about $2.3 million. Which is insane! The reason behind all of us transacting using Bitcoins is because of these miners. And miners for processing 1 block receive 12.5 Bitcoins in return. This rate had declined During the split of cryptocurrency but now seems to have been back on track. Analysts speak that it's because demand to make transactions has gone significantly up. And people aren't taking interest in Bitcoin Cash too. The rate may increase further in future as well.

Published on : 2017-08-25 12:27:59