Bitcoin’s halving created the most valuable blocks in history, aside from one | Headlines | News | CoinMarketCap
04/21/2024 06:26
Bitcoin's halving may have split the reward paid to miners in half, but a fierce battle for blockspace generated millions of dollars of payments to …
Bitcoin's halving may have split the reward paid to miners in half, but a fierce battle for blockspace generated millions of dollars of payments to miners as the halving commenced.
In fact, aside from an apparently accidental $3 million overpayment last November, all of Bitcoin's top 10 most valuable blocks have been mined since the halving, as first flagged by X user Clark Moody, in terms of U.S. dollar value at the time the block was mined. The first halving block captured $2.6 million in fees and block rewards alone, nearly taking the top slot, while others were worth $1.3-$2 million.
Unlike that overpayment, which still stands as Bitcoin's most valuable block, the transactions since the halving were purposeful attempts to capture valuable blockspace.
For example, the …