PROTECTED SOURCE SCRIPT
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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Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – learn more here.
I develop indicators meant to be useful, profitable and good looking.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.