Bitcoin Mining Pool ViaBTC Sells 'Epic' First Post-Halving Sat for $2.13M
The pool mined the first block after last week's halving, winning an "epic" sat in the process.
The pool mined the first block after last week's halving, winning an "epic" sat in the process.
The new BTC supply added to the market could drop to $30 million per day, according to Bitfinex.
The spike in network fees was driven by speculative activity to mint new meme tokens following the launch of the Runes protocol, the report said.
Miners will be faced with substantial cost increases as a result of the halving, with electricity and bitcoin production costs almost doubling, the report said.
After the halving, fees spiked to $146 for a medium-priority transaction and $170 for a high-priority transaction.
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a...
Bitcoin had slumped to as low as $59,685 on Friday morning, then rebounded heading into the event.
The launch of Casey Rodarmor's new Runes protocol sent fees surging as users rushed to etch new digital tokens that can be launched atop the Bitcoin blockchain.
IntoTheBlock data shows that the largest bitcoin investors added nearly 20,000 BTC to their holdings as the top crypto briefly buckled below $60,000 on fears of military escal...
These influences include rising geopolitical tensions, higher interest rates for longer, reflation and ballooning national debts, the report said.
Bitcoin's rally in the past six months will help cushion crypto miners from the effects of the 50% cut in their earned rewards, the report said.
Consensus: Distributed kicks off on the same day as Bitcoin's big day. Here's what to watch to stay up to date on the halving.
The event will double the bitcoin production cost to around $40,000, creating a positive psychological effect, the report said.
When it comes to discussion around the bitcoin halving, are you a speculator, fundamental, miner or symbologist?
Money printer goes brrr, but does it necessarily mean big inflation?
Bitcoin faces a "trilemma," says a leading researcher. Either it becomes more centralized, loses liquidity, or increases supply beyond 21 million.
“If price performance following the November 2012 and July 2016 halvings is any indicator, bitcoin’s price should increase significantly over the 10- to 12-month period follow...
Searches for “bitcoin halving” on Google Trends recently reached record highs, suggesting peak interest in the retail crowd about the upcoming supply altering event.
The halving? Coronavirus and volatility? Fed action? Listeners vote on what's driving crypto growth.
Bitcoin had another down day. How long the cryptocurrency follows stocks, and whether next month’s halving juices its price, remain open questions.