As usual when BTC is growing, the number of unconfirmed transactions in the Bitcoin mempool has increased and reached 125,000.
Now the volume of unconfirmed transactions is 149 MB – enough to fill the next 107 mined blocks. The last time a large number of unconfirmed transactions on the Bitcoin network was recorded on December 17, 2020 – then their number exceeded 143,000.
Along with the increase in the number of transactions, confirmation fees are also growing, which is a reason for statements from critics of digital assets. One of the users of the social network Twitter noted:
“Over the past three months, the average bitcoin transaction fee has varied from $ 2.18 to $ 17.20. Buying coffee with bitcoins is very expensive. ”
The last time the Bitcoin mempool was completely cleared was on January 1 this year. According to mempool.observer, it is now recommended to set a fee of 93 satoshi per byte of a transaction so that it quickly gets into the block. Given that the average transaction size is 224 bytes, the transaction fee is $ 9.69.
On February 8, the total transaction fees received by the miners of the first cryptocurrency amounted to 84.72 BTC ($ 2.05 million). Note that Bitcoin miners in January of this year received $ 1.09 billion in profit from transaction confirmation fees – this is the highest figure since December 2017.
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