Bitcoin miners made millions in fees in Q2, thanks to...
The figure is more than five times the fees earned during the preceding five quarters combined.
Q2 2023 is the first quarter to exceed the $100 million mark since Q2 2021. The payout amount of $184 million reflects a surge of more than 270% from Q1 2023. In fact, the figure is more than five times the fees earned during the preceding five quarters combined.However, the transaction fees accounted for only 7.7% of the total $2.4 billion that miners earned during the last quarter.
Bitcoin Ordinals was launched in January 2023. Ordinals is a Bitcoin protocol allowing people to create NFT-like assets on the network by inscribing data to a single satoshi. Satoshi is the smallest unit of currency that we can divide Bitcoin into, i.e. 1/100,000,000 of one unit of BTC.
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