Post
Topic
Board Bitcoin Discussion
Re: Bitcoin transaction fees over the last 2 years
by
Amph
on 04/02/2016, 15:36:47 UTC
what is the number of the "miners reward per transaction graph" on the y axis?


Oops- forgot to add a label this. I just updated the graphic. The value is in USD.

is this correct, because it would mean that they are earning $2M for the total sum of the transaction per day on average? 225k tx per day x $10

it's more than their reward from mining...

The 28-day moving average is the red dashed line and is running at about $8 at the end of the chart, while the 28-day moving average for the number of transactions (just updated the graphic in the article to show that) is running at 200k, so that's $8x200k = $1,600,000. Here's the graph of mining rewards per day (I didn't end up using it when I wrote the article): http://hashingit.com/images/articles/20160203/rewards-per-day-usd.png

well my point stand, at present they essentially earn the same amount of their mining reward, in fee, this is crazy...because basically they doon't need to mine

then something comes in to my head, why on blockchain.info it say "Total Transaction Fees" 39 btc is that value per block? i don't think it is per day, too small...