May 15, 2021

Bitcoin fees hit three-year high

Bitcoin fees hit three-year high

On April 18, due to power outages in China, the aggregate bitcoin hash rate fell by 30%.

The fall hash rate triggered an increase in online operating fees. The average price per transfer has risen above $ 55. By April 20, the commission dropped slightly to $ 49. These are the highest commissions since December 2017.

Bitcoin fees hit three-year high

CoinMetrics founder Nick Carter believes thatthe drop in the hash rate in the MTC network was caused not only by the power outage in the provinces of China. To the problems of power supply was added the recalculation of the difficulty of mining, which took place last Thursday. The combination of this data led to an increase in commissions.

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