{"id":30853,"date":"2020-10-28T15:42:47","date_gmt":"2020-10-28T13:42:47","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30853"},"modified":"2025-08-28T00:20:16","modified_gmt":"2025-08-27T21:20:16","slug":"bitcoin-network-fees-jump-nearly-200-in-three-days","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-network-fees-jump-nearly-200-in-three-days\/","title":{"rendered":"Bitcoin network fees jump nearly 200% in three days"},"content":{"rendered":"<p>Since October 25, the average transaction fee in the Bitcoin network has risen from $3.52 to $10.24. The current momentum comes as BTC approaches $13,800.<\/p>\n<p><!--more--><\/p>\n<div id=\"attachment_114631\" style=\"width: 1210px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114631\" class=\"size-full wp-image-114631\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/1-334.png\" alt=\"Bitcoin network fees jump nearly 200% in three days\" width=\"1200\" height=\"600\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/1-334.png 1200w, https:\/\/forklog.com\/wp-content\/uploads\/1-334-300x150.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/1-334-1024x512.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/1-334-768x384.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/p>\n<p id=\"caption-attachment-114631\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.blockchain.com\/charts\/fees-usd-per-transaction\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Blockchain.com.<\/a><\/p>\n<\/div>\n<p>According to blockchain analytics site <a href=\"https:\/\/www.blockchain.com\/charts\/fees-usd-per-transaction\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bitinfocharts.com<\/a>, the maximum transaction fee in the Bitcoin network peaked in December 2017 at $55. As a result of the latest spike, the cost of processing transactions reached its highest in more than two years.<\/p>\n<p>The share of fees in Bitcoin miners\u2019 revenue reached 22.25%. This is the highest level since January 2018, notes the analytics company Glassnode.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">The percentage of <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> miner revenue from fees increased to 22.25% in the past hour (24h MA).<\/p>\n<p>It is the highest observed value since January 2018.<\/p>\n<p>Live chart: <a href=\"https:\/\/t.co\/hcl2opVV0B\">https:\/\/t.co\/hcl2opVV0B<\/a> <a href=\"https:\/\/t.co\/0gTFWcbVed\">pic.twitter.com\/0gTFWcbVed<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\"https:\/\/twitter.com\/glassnode\/status\/1321145491866996744?ref_src=twsrc%5Etfw\">October 27, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>With rising fees, the number of unconfirmed transactions in the mempool reached 2017-era levels.<\/p>\n<div id=\"attachment_114632\" style=\"width: 890px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114632\" class=\"size-full wp-image-114632\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/2-65.jpg\" alt=\"Bitcoin network fees jump nearly 200% in three days\" width=\"880\" height=\"624\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/2-65.jpg 880w, https:\/\/forklog.com\/wp-content\/uploads\/2-65-300x213.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/2-65-768x545.jpg 768w\" sizes=\"auto, (max-width: 880px) 100vw, 880px\" \/><\/p>\n<p id=\"caption-attachment-114632\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/www.blockchain.com\/charts\/mempool-size\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Blockchain.com.<\/a><\/p>\n<\/div>\n<p>Meanwhile, the average Ethereum fee remains at its lowest levels since the August DeFi boom \u2014 $1.28. At the start of September this figure had reached $14.58.<\/p>\n<div id=\"attachment_114633\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114633\" class=\"size-large wp-image-114633\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/3-192-1024x165.png\" alt=\"Bitcoin network fees jump nearly 200% in three days\" width=\"1024\" height=\"165\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/3-192-1024x165.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/3-192-300x48.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/3-192-768x124.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/3-192.png 1346w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-114633\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-transaction-fees.html#log\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Bitinfocharts.com.<\/a><\/p>\n<\/div>\n<p>According to <a href=\"https:\/\/messari.io\/chart\/eth-vs.-btc-daily-transaction-fees-835F5EC0\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Messari<\/a>, miners earned $2.68 million in fees for Bitcoin over the last 24 hours (+74%), while Ethereum miners earned $1.27 million (-27%).<\/p>\n<div id=\"attachment_114634\" style=\"width: 1034px\" class=\"wp-caption alignnone\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-114634\" class=\"size-large wp-image-114634\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/4-119-1024x438.png\" alt=\"Bitcoin network fees jump nearly 200% in three days\" width=\"1024\" height=\"438\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/4-119-1024x438.png 1024w, https:\/\/forklog.com\/wp-content\/uploads\/4-119-300x128.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/4-119-768x328.png 768w, https:\/\/forklog.com\/wp-content\/uploads\/4-119.png 1048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/p>\n<p id=\"caption-attachment-114634\" class=\"wp-caption-text\">Data: <a href=\"https:\/\/messari.io\/chart\/eth-vs.-btc-daily-transaction-fees-835F5EC0\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Messari.<\/a><\/p>\n<\/div>\n<p>Earlier this year, during July, the average Bitcoin network transaction fee <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-network-fees-jump-752-in-a-month-ethereum-fees-rise-280\">rose<\/a> by 752% from $0.68 to $5.80. But just four days into August, the reading <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-transaction-fees-fall-by-more-than-50-in-four-days\">fell<\/a> by 58%, slipping from $6.47 to $2.72.<\/p>\n<p>Subscribe to ForkLog&#8217;s channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"> YouTube<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since October 25, the average Bitcoin transaction fee has risen from $3.52 to $10.24. The current momentum comes as BTC approaches $13,800.<\/p>\n","protected":false},"author":1,"featured_media":30854,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1178,1127],"class_list":["post-30853","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockchain-fees","tag-mempool"],"aioseo_notices":[],"amp_enabled":true,"views":"55","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30853","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=30853"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30853\/revisions"}],"predecessor-version":[{"id":30855,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/30853\/revisions\/30855"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/30854"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=30853"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=30853"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=30853"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}