While transaction fees rise to an annual high, the hash rate is plummeting. The market update.The Bitcoin exchange rate (BTC) has leveled off again at the previous day\u2019s level with a 24-hour fluctuation range of around 600 US dollars. After the wild ascent of the last few days, the Bitcoin price is taking a breather, but is vehemently defending the 13,000 mark. At the time of going to press, the largest cryptocurrency by market capitalization is trading at $ 13,193, which is an increase of 1.8 percent on a weekly basis. As a result of the latest rally, the crypto reserve currency has risen by 21.6 percent in value in a 30-day comparison.With the recent rally, transaction fees on the Bitcoin network have skyrocketed again. With an average of 0.00093937 BTC (the equivalent of just under 12.44 US dollars), the costs per transaction are higher than they have been since June 2018. In the last 13 days, in which the Bitcoin exchange rate has risen by around 2,000 US dollars, the transaction fees have increased by a remarkable 628 percent.An increase in transaction fees can usually be explained by greater demand in the network. When there is a high flow of transactions, miners are in the favorable position of preferring transactions with the highest fees. As a result, there is a transaction jam, the average confirmation times increase and the mempool, the waiting room for all outstanding transactions, inflates.Here, too, there has been a rapid increase in outstanding transactions in the last four days. While the number of transactions waiting for confirmation in the mempool was still a manageable 3,164 on October 26, they have increased many times over to 107,986 in a very short time.The increase in transaction fees with the simultaneous expansion of the mempool was also triggered\u2026<\/p>","protected":false},"excerpt":{"rendered":"
While transaction fees rise to an annual high, the hash rate is plummeting. The market update.The Bitcoin exchange rate (BTC) has leveled off again at the [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2633,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2632"}],"collection":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/comments?post=2632"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/posts\/2632\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media\/2633"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/media?parent=2632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/categories?post=2632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/fr\/wp-json\/wp\/v2\/tags?post=2632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}