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Bitcoin Cost per Transaction (USD)

By gliderfund
The Bitcoin Cost per Transaction (USD) is the result of dividing the miners' revenue (Block Reward + Transaction Fees) between the number of transactions per block.

Here is an example with made up numbers:
  • Block reward is 12.5 BTC + 0.5 BTC in transaction fees.
  • There are 2700 transactions in the block.
  • Current exchange rate is 5700 USD/BTC.
  • (12.5 BTC + 0.5 BTC) / 2700 transactions = 0.00481481 BTC per transaction
  • 5700 USD/BTC * 0.00481481 BTC per transaction = $27.44 per transaction


Hope that helps!
Bitcoin (Cryptocurrency)blockblockchainBTCCOSTFundamental AnalysisminersminingOscillatorstransaction
gliderfund
I develop indicators meant to be useful, profitable and good looking.

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