Bitcoin miners have been steadily clearing the mempool of unconfirmed transactions since the number almost reached 700,000 on September 6, 2023. Currently, the number of unconfirmed transactions has dropped to just over 153,000 pending confirmation. Transaction Backlog Shrinks as Bitcoin Miners Face Fewer Inscriptions On September 15, 2023, just over 500,000 unconfirmed bitcoin transfers lingered, […]
Bitcoin’s Transaction Backlog Surges Past 400,000
A fortnight ago, unconfirmed BTC transactions dipped under 300,000. However, they’ve since rebounded, surpassing the 400,000 mark. While the average network fee remains under $ 1, since August 6, it’s fluctuated from $ 0.77, peaking at $ 2.59 per transaction just two days later on August 8. Presently, the average transaction fee …