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The Bitcoin block reward has gone up 3 Bitcoin in the last hour

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by COINS NEWS 60 Views

The Bitcoin block reward has gone up 3 Bitcoin in the last hour

The block reward has gone up 5 Bitcoin in the past week alone.

I made a post this morning about the block reward having been up 2 Bitcoin from last week. I checked the block rewards few hours later and I was astonished...it hasn't been below 10 Bitcoin in the last 6 blocks.

The average block reward now is 3 Bitcoin higher than what it was when I made my post this morning.

https://preview.redd.it/7gtvi9uuqgya1.png?920&format=png&auto=webp&s=6d40c303681663d5467b126a433a24369fc946b7

The block reward has been steadily growing BUT please note the priority fee you must pay for you transaction to be put in the next block is over 4x higher than it was 5 days ago.

5 days ago

Today

3 hours after making this post

EDIT: Added another screenshot showing the tx fees 3 hours after making this post. Also think it should be noted that there are 495,931 unconfirmed TXs at the time of this update.

At this rate the Bitcoin fees paid to the miners in the block reward will grow larger than the reward for validating a new block.

submitted by /u/CryptoIsThePlan
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