{"id":24318,"date":"2023-03-23T04:02:55","date_gmt":"2023-03-23T11:02:55","guid":{"rendered":"https:\/\/coinnetworknews.com\/bitcoin-miners-revenue-from-fees-rises-suggesting-the-onset-of-major-bull-run\/"},"modified":"2023-03-23T04:02:55","modified_gmt":"2023-03-23T11:02:55","slug":"bitcoin-miners-revenue-from-fees-rises-suggesting-the-onset-of-major-bull-run","status":"publish","type":"post","link":"https:\/\/coinnetworknews.com\/bitcoin-miners-revenue-from-fees-rises-suggesting-the-onset-of-major-bull-run\/","title":{"rendered":"Bitcoin Miners&#8217; Revenue From Fees Rises Suggesting the Onset of Major Bull Run"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/www.coindesk.com\/resizer\/uUKxBbxJkrcu5Ocjqk1j_EQVums=\/800x600\/cloudfront-us-east-1.images.arcpublishing.com\/coindesk\/NT33HU6PXVBWFDYRRCVK76N4WI.jpg\" \/><\/p>\n<div>\n<p>Fees are a function of transaction size and network volumes (how congested the network is). Transactions are processed in blocks, storing up to 1MB of data. Hence, a sudden spike in activity often leads to network congestion \u2013 transactions waiting to get verified. In such situations, miners target transactions with higher fees first. In other words, the more a user offers in fees, the faster their transaction is likely to be verified.<\/p>\n<\/div>\n<p><a href=\"https:\/\/www.coindesk.com\/markets\/2023\/03\/23\/rising-bitcoin-miner-revenue-from-fees-suggests-onset-of-major-bull-run\/?utm_medium=referral&#038;utm_source=rss&#038;utm_campaign=headlines\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fees are a function of transaction size and network volumes (how congested the network is). Transactions are processed in blocks, storing up to 1MB of data. Hence, a sudden spike in activity often leads to network congestion \u2013 transactions waiting to get verified. In such situations, miners target transactions with higher fees first. In other [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24319,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[21,1673,1771,192,1339,6024,1088,760,442,2082],"_links":{"self":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/24318"}],"collection":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/comments?post=24318"}],"version-history":[{"count":0,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/posts\/24318\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media\/24319"}],"wp:attachment":[{"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/media?parent=24318"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/categories?post=24318"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinnetworknews.com\/wp-json\/wp\/v2\/tags?post=24318"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}