20 Feb 2024

A Bitcoin Whale has moved $369 million in Bitcoin for less than $1 in fees.

Emma Smith 16 Feb 2024, 12:00 4 min read

Bitcoin Whale Transfers $369 Million, Paying Less Than a Dollar in Fees

Bitcoin whales continue to move significant sums of money around the crypto market, transferring a total of $369 million in the past 24 hours. This comes at a cost, as transfers processed by the Bitcoin network incur minimal fees.

Astonishingly Low Fee for Massive Bitcoin Transaction

Bitcoin transactions can be very costly, as the network requires a fee in order to process the transaction. However, a new fee system has been proposed that would allow for massive bitcoin transactions to be processed for free.

The new fee system, called Segwit2x, would allow for more transactions to be processed by the network without requiring a fee. Segwit2x is a proposed upgrade to the bitcoin network that would increase the block size from 1MB to 2MB.

The proposal has faced resistance from some members of the bitcoin community, who argue that increasing the block size will lead to increased centralization of the network. However, if Segwit2x is successful, it could lead to lower fees for bitcoin transactions and make the cryptocurrency more accessible to a wider audience.

Bitcoin Whale Sends $369 Milli

Bitcoin Whale Sends $369 Million at Minimal Cost

Bitcoin whales are sending large sums of bitcoin at minimal cost. This has caused the bitcoin price to spike in recent days.

The bitcoin price spiked to $6,000 on January 5th after a large amount of bitcoin was sent at minimal cost. This caused a wave of excitement among bitcoin enthusiasts.

The reason behind the surge in the bitcoin price is that many people believe that the bitcoin price will continue to surge in the future.

The bitcoin price spiked to $6,000 on January 5th after a large amount of bitcoin was sent at minimal cost. This caused a wave of excitement among bitcoin enthusiasts.

The reason behind the surge in the bitcoin price is that many people believe that the bitcoin price will continue to surge in the future.

Incredible Savings Achieved wi

Incredible Savings Achieved with Record-Breaking Bitcoin Transfer

Bitcoin has become a popular form of currency and investment, with its price soaring in recent years. However, transferring bitcoin to another user can be expensive, as fees can amount to as much as 10%.

However, a new study has found that users can achieve incredible savings by transferring bitcoin using a network called the Lightning Network. Using the Lightning Network, users can transfer bitcoin for just 0.00000001 BTC, or one hundred millionth of a bitcoin.

This is an incredible savings compared to the standard fee charged by bitcoin exchanges, which can often amount to as much as 3%. This means that users can save up to 80% on their bitcoin transfer costs.

The Lightning Network is a network of nodes that allows users to make instant bitcoin transactions without having to pay fees. Transactions on the network are verified by network nodes through cryptography, so users can be sure that their money is being transferred safely and quickly.

The Lightning Network is still in its early stages, and there is still some testing required before it can be used by the general public. However, if it proves to be successful, it could revolutionize the way that people transfer money online.

Unbelievably Low Fee for Bitco

Unbelievably Low Fee for Bitcoin Whale's $369 Million Transfer

Bitcoin whale, Lauriukka Tuominen, has transferred $369 million worth of bitcoin to a new wallet. The fee for the transfer was only 0.00015 BTC ($0.0015).

Whopping Transaction Volume at Next to Nothing Fee

The next to nothing fee is a great way to increase transaction volume. When people use a cryptocurrency, they are more likely to use it if there is low fees. It is also a good way to attract new users to the cryptocurrency.

Move Over Banks, Bitcoin Whales Make Transfers for Peanuts

Bitcoin whales are making transfers for peanuts, and the trend is only set to continue.

These transfers are often made between exchanges, and are so small that they hardly register on the global financial system.

This is in stark contrast to the large transfers that banks make on a daily basis.

Bitcoin whales are taking advantage of the lower transaction fees offered by the blockchain.

Transaction fees are important because they help to ensure that the blockchain remains secure.

Bitcoin transactions are free, but they can take a long time to be confirmed.

This is why large transfers between exchanges are important.

They help to speed up the process, and make it more likely that the transactions will be confirmed.

Blockchain Magic: How a Whale

Blockchain Magic: How a Whale Moved Nearly $400 Million for Pennies

In early January, a whale moved nearly $400 million worth of bitcoin for pennies on the bitcoin blockchain. The whale, or group of whales, moved a total of 174,000 bitcoin, worth approximately $39 million at the time.

The move is significant because it was the first time that a single transaction had moved more than $1 million worth of bitcoin on the blockchain. Transactions that move more than $10,000 are considered “whales” because they represent a significant portion of overall bitcoin transactions.

Why was this whale moving so much bitcoin?

It’s unclear why this whale was moving so much bitcoin, but it’s possible that the whale was trying to move bitcoin into a new wallet so that it could be spent. Alternatively, the whale could have been trying to sell off the bitcoin.

What will happen to the 174,000 bitcoin that the whale moved?

It’s unclear what will happen to the 174,000 bitcoin that the whale moved. It’s possible that the bitcoin will be sent to different addresses or that it will be burnt (destroyed).

Unprecedented Savings Achieved With Large-Scale Bitcoin Transaction

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million.

Bitcoin has been criticized for the amount of electricity consumed by mining. As of 2015, The Economist estimated that even if all miners used modern facilities, the combined electricity consumption would be 166.7 megawatts (1.46 terawatt-hours per year).

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