The daily turnover reached the 5-year maximum value with $ 17 million

The daily turnover reached the 5-year maximum value with $ 17 million
For some, the ordinary madness has caused devastating damage in the Bitcoin ecosystem. The BTC price may not have managed to capitalize on it, but that was not the case with the network miners.
In fact, the development was a blessing for them.
Bitcoin miner The turnover shoots up
This month was characterized by exploding transaction fees and network overloads, since the Bitcoin registration numbers reached unprecedented heights. While the Bitcoin price is very recovering with slight growth, the increasing increase in transactions in the network may be a welcome development for the mining industry, which had to accept difficult losses last year.
In fact, the Bitcoin miners generated total sales of $ 17.75 million on May 8. According to the Rafael Schultzekraft, said that a such one -day increase in mining revenue is rare.
happy #bitcoin Min workers.
$ 17.7 million through transaction fees-on a single day.
📊https: //t.co/hwofwtrdkz pic.twitter.com/6wc4pzdwx7
-Rafael Schultze-Kraft (@n3ocortex) 9. May 2023
On closer inspection, it turned out that the Bitcoin transaction fee rose to a whopping $ 31.14 on May 8, a level that was last reached in April 2021.The latest development also fell together by the fact that the ordinals increased the transaction fees for the mining rewards for the first time since 2017. As a result, several Bitcoin miners, including Luxor Technologies and Antpool, shook blocks, in which the fees exceeded Bitcoin's block subscription of 6.25 BTC.
While the Bitcoin registration numbers always reached new milestones, there was a new success in the form of the number of daily enrollments, which more than doubled within almost ten days. cryptocolate potato recently reported that there are now more than 5.1 million ordinal inscriptions.
text-like order numbers had the highest market share after they had taken over their picture counterpart.
The increase in ordinal transactions naturally increased the miner activities and the resulting fees, even if the price of the flagship cryptocurrency does not yet reflect this enthusiasm.
Recently one of the best-known cryptocurrency exchanges, Binance, plans to list Bitcoin NFTs on their platform.
Michael Saylor's attitude to ordinal numbers
Not all Bitcoin supporters are satisfied with the remarkable success that ordinals have experienced. The long-time Bitcoin bull and co-founder of Microstrategy, Michael Saylor, believes that the recent enthusiasm could prove to be a catalyst for the introduction of Bitcoin.
in the pbd podcast According to the Saylor, the development of an application is The height drives - against the background of bank bankruptcy, hyperinflation and a lack of regulatory clarity, which harms the asset class - a catalyst.
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