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The median amount of commissions in the Bitcoin network decreased by 78%

The median amount of commissions in the Bitcoin network decreased by 78%

Over the past two weeks, the queue of unconfirmed transactions in the Bitcoin network has significantly decreased, which has led to a decrease in the median amount of commissions by 78%.

On may 22, there were 94 MB of unconfirmed transactions in the Bitcoin network mespul, and on may 31, their number fell to almost zero. Currently, the queue of unconfirmed transactions is 13 MB.

Against this background, the median amount of commissions decreased by 78% – if on may 20, you had to pay about $3.95 for adding an operation to the blockchain, then on may 31, the Commission was $0.84. at the moment, the Commission has increased to $1.5.

As for the average size of commissions, it has also significantly decreased. The drop was 66% – from $6.64 as of may 20 to $2.25 as of may 31. Currently, the average Commission amount is $3.17.

Note that back in April, the average Commission amount was $0.10-$0.15. This growth is associated with the last may 11 halving of the reward for manners, which led to a partial shutdown of equipment for bitcoin mining and a decrease in the hashrate of the network. However, the number of transactions did not decrease, which led to an increase in commissions.

Earlier it was reported that the energy consumption of bitcoin manners decreased by 24% after the reward was halved.