Marathon Digital’s Bitcoin Production Down 21% as Ordinals Fee Surge Cools
Marathon Digital mined 21% less BTC in June due to declining Bitcoin transaction fees.
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
BTC$62,686.00-1.67%
ETH$1,666.62-3.16%
USDT$0.9987-0.01%
USDC$0.9996-0.01%
XRP$1.10-1.88%
SOL$69.40-3.23%
TRX$0.329-1.01%
FIGR_HELOC$1.03-0.16%
HYPE$61.30-7.24%
DOGE$0.0789-3.56%
USDS$0.9997+0.00%
RAIN$0.0157-2.06%
LEO$9.49-0.84%
ZEC$413.84-6.89%
XLM$0.1911-3.05%
Ordinals registered $210.7M in trading volume in the second quarter of the year, up from around $7.18 million in Q1.
Marathon Digital mined 21% less BTC in June due to declining Bitcoin transaction fees.
A look at the major recent Bitcoin developments over the last few weeks.
Bitcoin and Ethereum shake hands with a new BRC-721E token standard.
In an effort to upscale the Bitcoin network, Lightning Labs released Taproot Assets v0.2.
Bitcoin Cash's CashTokens upgrade comes as interest in tokens issued on Bitcoin reaches a record high.
The average Bitcoin transaction fee currently stands at around $3-$4.
Some Bitcoin developers have suggested changing the Bitcoin codebase to kill Ordinals and BRC-20 tokens.
With more than 450,000 unconfirmed transactions, does extra utility detract from Bitcoin's core purpose?
Bitcoin Ordinals will now be available on Magic Eden thanks to the platform’s latest expansion.
Since January, more than 358,000 Ordinals have been inscribed to the Bitcoin network, bringing over $1.5 million in fees for miners.
A Bitcoin developer has forked the Ordinals project to Litecoin, enabling NFTs on another PoW blockchain.