In the last few days, along with the increase in price, transaction fees have jumped to $6. This is after swinging between $0.60 and $1.60 for a long time, with $1.20 as the average price. The new price is a climb of nearly 500% in about 30 days.
For members of the community that are not end consumers, the increase just might be a welcome development. The rise in transaction fees directly translates to an increase in income for miners. According to information from Blockchain.com, the average revenue for miners has pumped to a whopping $2million, from the $300,000 average it was at the beginning of the month.
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