Bitcoin Miners Scrounge for Low-Fee Transactions as Network Activity Wanes
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With Bitcoin transaction volume hitting October 2023 lows, miners are getting creative to fill blocks.
Data shows the seven-day transaction average plummeted to 317,000, prompting operations like Marathon Digital to process non-standard transactions through their Slipstream service.
Mempool’s Mononaut showcased this trend by getting a month-old, 0.1 sat/vB transaction confirmed for just 11 sats total.
The network’s current state presents both challenges and opportunities for miners as they adapt to reduced fee revenue despite Bitcoin’s strong price performance.
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