Bitcoin’s Summit: Miners Climb Higher, Fees Still Playing It Cool

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Bitcoin mining illustration

What to know:

  • Oh, the grandeur! Bitcoin’s seven-day average hashrate has skyrocketed from 840 EH/s to a staggering 918 EH/s in just two weeks—slowly approaching the last high of 925 EH/s, like a gossip eager for the latest scoop. 🕵️‍♂️
  • Meanwhile, transaction fees stay as low as a Sunday morning sermon—hovering just around 2 sat/vB ($0.30)—a testament to the impressive yet eerily quiet on-chain activity. Isn’t the silence deafening? Or just budget-friendly? 🤔
  • Yet, amidst this frenzy of computational muscle, the difficulty is climbing, a proud nod from miners that their devotion keeps the blockchain as secure as Fort Knox—perhaps a bit too confident? 🏰

Bitcoin’s mining difficulty is sprinting toward an all-time high—like a marathon runner refusing to stop—set to dawn around midnight UTC. This surge signals miners’ unwavering faith, or perhaps just a love for puzzles with shiny rewards. 💰

Expect the final tally within 100 blocks—roughly the time it takes for a pizza to arrive—projected to rise about 4%, reaching around 126.95 trillion, leaving behind last year’s chilly 109 T. Coinwarz whispers this fact quietly, as if afraid to jinx it.

This dazzling increase is a badge of honor for Bitcoin’s long-term believers, even if the transaction fees seem to be napping—just 2 satoshis per virtual byte, roughly $0.30. Check out that budget! ✨

Remember, the difficulty adjusts every 2,016 blocks—a kind of network’s mood swing—driven by the hashrate, which boasts a seven-day average of 918 EH/s, rising from a modest 840 EH/s. If it climbs a bit more, farewell record, hello new heights! 🚀

So here’s the paradox: while miners are flexing with their power, users are quietly sipping coffee, paying almost nothing for transactions. A lovely dance of infrastructure growth versus actual activity—truly, a digital ballet full of irony and patience. 🎭

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2025-05-30 16:58