Bitcoin Fees Have Increased By 1,013% in 2016
Bitcoin mining fees have skyrocketed this year, increasing by 557% from 14 to 78 satoshis per byte, which translates to an eye-watering 1,013% increase in dollar terms in just one year, according to research by Jameson Lopp, engineer at BitGo.
Now you may think this is nothing to worry about but what is happening is that transactions in bitcoin are taking much more time to complete. There is also a growing danger that larger mining pools based in the likes of China will be able to take control of mining and control of what is meant to be a decentralised system.
Perhaps the future lies in the hands of a new blockchain and a cryptocoin that does not need mining and can process transaction in a second.
Are you interested to join a brave new world, if so you are just in time to join an Initial Coin Offering (ICO) cloud funding project which is about to close.
MyCryptoWorld, has a lucrative offer at the moment which is going to be explained TODAY
Take the first step now by registering your interest at http://information.cryptocoin20.com/
Then come to our webinar @ 1500hrs MT on Sunday 18th December (Use http://www.timeanddate.com/worldclock/meeting.html enter Denver as location 1 and your own location to check your local time)
Join our live Webinars on other days: Events and Webinar logins on the Markethive calendar:https://markethive.com/calendar
Direct access to our webinar room is at: https://www.TheHiveRoom
David Ogden
Owner @ My CryptoWorld
David Http://markethive.com/david-ogden
