Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
Crypto Flexs
Home»TRADING NEWS»Battle for Halving Blocks: Bitcoin users spent a record $2.4 million in block 840,000.
TRADING NEWS

Battle for Halving Blocks: Bitcoin users spent a record $2.4 million in block 840,000.

By Crypto FlexsApril 21, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Battle for Halving Blocks: Bitcoin users spent a record .4 million in block 840,000.
Share
Facebook Twitter LinkedIn Pinterest Email

with Bitcoin With the four-year halving cycle finally complete, many users are competing aggressively to get blocks halved, paying exorbitant fees to mine a single block.

Bitcoin mining pool pays over $2.4 million in block fees.

Earlier today the 840,000th block was added to the Bitcoin blockchain. Sparking an onslaught of highly anticipated halving events. While the BTC price has not changed dramatically since the halving, transaction fees have soared to unprecedented highs.

advertising

Bitflex Apple Watch Giveaway 300x300

Amidst massive competition, a mining pool identified as ViaBTC successfully mined the 840,000th Bitcoin block. Cumulatively, BTC users spent 37.7 BTC (equivalent to $2.4 million) in mining fees, marking the highest fee ever paid for a Bitcoin block.

According to report After ViaBTC generated the 840,000th block, the protocol started an automated block in the mempool. Miner Reward Reduction Halved from 6.25 BTC to 3.125 BTC per block. In addition to fees, ViaBTC was paid a total of 40.7 BTC, worth approximately $2.6 million, for mining the historic block.

It may seem that way, but bitcoin miner Although more than $2.4 million was spent on a single block to draw attention, the 840,000th block had significant significance in the cryptocurrency space. historic bitcoin block It is said to hold the first Satoshi, the smallest unit of BTC after the halving.

Here are a few of these “epic poops” that appear after the halving event, which are coveted as rare collector’s items among cryptocurrency enthusiasts. Some people speculate that this is it. Bitcoin Piece It could potentially be worth millions of dollars.

Much of the competition for Bitcoin blocks after the halving, including the hype surrounding fragmented BTC, is due to the new blockchain. Rune Protocol It was released simultaneously with the Bitcoin halving.

Degens’ Rush to Secure the Infamous Rune Tokens

Runes Protocol, created by Bitcoin developer Casey Rodamor, has sent shockwaves through the cryptocurrency community. compete Etch and issue tokens directly on the Bitcoin network.

While the mining pool was mining a new Bitcoin block, degens paid out over 78.6 BTC, worth $4.95 million. Mint rarest rune. This exponential fee surge is unprecedented and highlights the growing adoption and participation of the Bitcoin network.

According to report A rune marked ‘Decentralized’ was obtained from Ord.io for a fee of 7.99 BTC (equivalent to $510,760). Another prize titled ‘Dog-Go-To-The-Moon’ was won for a fee of 6.73 BTC (equivalent to approximately $429,831).

Leonidas, protocol developer and groundbreaking facilitator ordinal numberThe system for numbering “epic sats” is declare The Rune Protocol has been an incredible success because, according to Degen, “it single-handedly offset the reduction in miner rewards due to the halving.” He concluded that the runes had a great influence. Bitcoin Security Budgets potentially play an important role in ensuring the sustainability of the network.

Bitcoin price chart (Bitcoin halving) on ​​Tradingview.comBattle for Halving Blocks: Bitcoin users spent a record .4 million in block 840,000.

BTC price sitting at $63,700 after halving | Source: BTCUSD on Tradingview.com

Featured image by Watcher Guru, Tradingview.com chart

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Source: NewsBTC.com

Cryptocurrency Investment Risk Warning

Cryptocurrency assets are highly volatile. Your capital is at risk.
Don’t invest unless you are prepared to lose all your money.
This is a high-risk investment and you should not expect to be protected if something goes wrong.

Read full disclaimer

like this:

good night Loading…

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

Why is the ecosystem of the SEI network boom in the second quarter?

June 6, 2025

How Algorand is quietly building the future of finance around the world

June 5, 2025
Add A Comment

Comments are closed.

Recent Posts

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025

2025 Best Free Cloud Mining

June 6, 2025

Sei Development Foundation: Use of US Innovation for Global Block Chain

June 6, 2025

Analyst Michaël Van de Poppe says Bitcoin is getting higher.

June 6, 2025

Does Ethereum start their business? MorningStar Candlestick Pattern tells the story

June 6, 2025

Solana’s Journey: Promotion of Challenge, Innovation and Speed

June 6, 2025

Ether Leeum’s imminent brake out in major chart patterns

June 6, 2025

Bittensor increases rapidly after 118 subnets in the $ 1,000 TAO price guess.

June 6, 2025

Bitcoin’s $ 100k drop in caught many merchants for many merchants.

June 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Musk & Trump SPAT sends trenches from DOGE Price Crumbling, Tesla.

June 6, 2025

Vortex uses NVIDIA Jetson to innovate medical imaging with CT-similar ultrasound.

June 6, 2025
Most Popular

Aptos Movemaker starts a $ 2 million subsidy program and a monopoly collaborative work space in Hong Kong.

March 18, 2025

The EIA Emergency Information Collection Is Alarming

February 11, 2024

Time to buy Ether Leeum (ETH)? What this analyst thinks is:

March 25, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.