Bitcoin Cost per Transaction (USD)
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:
Hope that helps!
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!
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