Bitcoin Fees Surge to New Highs, Squeezing Retail Users but Boosting Miner Profits
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Bitcoin miners are collecting record fees amid surge in demand for block space and transactions fees over the weekend. Fees were more than newly generated coins.
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Average Bitcoin transaction fees hit highest levels since April 2021 over the weekend, costing as much as $37.
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Bitcoin educator says high fees are blessing for miners but nightmare for retail users trying to send small transactions.
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Mining profitability and hash price jumped to 19-month high thanks to high fees, despite Bitcoin price drop.
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Cryptographer says ordinals are here to stay so people should stop complaining and innovate solutions like Layer 2.