The drop in the bitcoin hash rate below 100 exaches per second (EH / s) this week triggered a sharp rise in the cost of transactions on the network.
Last weekend, operating fees rose to their highest level since December 2017.
Average commission last Sunday reached $ 51.8. Then fees dropped to $ 48, but on Tuesday, April 20, the cost of the operation set a new record.
Now, according to BitinfoCharts, the average online commission is over $ 58. The hashrate today fell to 98.53 EH / s – the lowest since the beginning of November last year.
Social media users attribute the weakened computing activity on the network to a massive power outage in China’s Xinjiang province.
With transaction fees rising, some crypto exchanges have begun using less expensive ways to send bitcoins. The OKEx platform, for example, has integrated support for the Lightning Network to reduce transaction costs.
The bitcoin rate today rose to $ 55,300. The capitalization of the largest cryptocurrency is now just over $ 1.043 trillion.
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