Bitcoin Cash Miners Process Big Blocks Past 24h - Volume Approaches Litecoin TECHNOLOGY 19 hours ago
Bitcoin Cash Miners Are Clearing 8MB Blocks In One Fell Swoop
Bitcoin cash miners have been processing more larger blocks than usual over the past 24-hours, and many of them have been 8MB in size. There have been roughly 34,352 BCH blocks mined since August 1 and BCH is 8,714 blocks ahead of the bitcoin core chain. According to statistical data websites like Johoe’s mempool page, 2-8MB blocks have been clearing the BCH mempool (transaction queue) consistently. Over the past six months, the median BCH transaction (tx) size of 226-bytes costs $0.01-0.02 per tx. Average BCH fees have never exceeded more than 11 cents for median 226 sized transactions.