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Bitcoin User Pays Over $105,000 in BTC to Send Just $10

A Bitcoin user astonishingly paid over $105,197 in transaction fees to send only $10 worth of BTC. This unusual transaction, flagged by community members on social media, saw the user send a small amount of 0.00010036 BTC while incurring exorbitant fees typically only a fraction of the transferred amount. Experts described the event as a peculiar mistake, with Nick Hansen, CEO of Luxor mining pool, noting it was a 'non-standard way of crafting a transaction.' Despite low transaction fees recently, which averaged around $0.91, the user ended up overpaying significantly—a warning prevalent in many wallets to prevent such errors. As Bitcoin continues to gain traction as a payment method, the incident highlights the importance of awareness regarding transaction fees amid fluctuating blockchain traffic and user error settings. Bitcoin's current market value is approximately $102,900, reflecting a decline of over 18% from its early October peak above $126,000. The article also touches on the potential implications of user oversight in a rapidly evolving cryptocurrency landscape.

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Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

The bitcoin mining sector is facing increasing challenges due to competition, rising energy costs, and diminishing profitability, warns Fred Thiel, CEO of MARA Holdings. As more miners add capacity, profit margins narrow, primarily driven by energy expenses. Thiel emphasizes that only miners who can secure low-cost, reliable energy or pivot

Bitcoin Mining News: Only the Leanest Bitcoin Miners Will Survive, MARA CEO Warns

Fred Thiel, CEO of MARA Holdings, warns that the bitcoin mining industry is facing significant challenges due to rising competition and energy costs, leading to shrinking profits. Thiel emphasized that miners who control their energy costs or adapt their business models, such as pivoting to artificial intelligence or high-performance computing,

Bitcoin Miners Must Own Power—or Die Trying Before Next Halving, MARA CEO Says

Bitcoin mining is facing significant challenges with increasing competition, energy costs, and shrinking profits, as noted by Fred Thiel, CEO of MARA Holdings. He emphasized that miners without access to low-cost energy or innovative business models will struggle to survive. The industry is expected to become more brutal with the

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