Bitcoin miners earned nearly USD 600,000 USD in commissions on Ordinals NFTs

Ordinals NFTs brought juicy rewards to miners, as their heavy transactions demand high commission payments.

Ordinals’ non fungible tokens (NFT) “stirred the waters” in Bitcoin. For weeks now, the network has been showing increased congestion, which has increased transaction fees. Only with the ones related to Ordinals, which are heavier, miners have already earned more than USD 600,000.

- Advertisement -

More precisely, the accumulated commissions to date for Ordinals transactions amount to USD 596,000 at the time of writing, according to data published by Data Always on the Dune Analytics platform.

Ordinals NFT registrations are made on a part of the bitcoin transaction called Witness. As such, they pay a minimum fee of 1 sat/vbyte, about a quarter of what transactions pay to send bitcoins (BTC).

However, since Ordinals transactions are heavier than “ordinary” ones, they end up paying higher fees, often in excess of $20. This, of course, depends on the weight of the transaction and the priority assigned to it.

Ordinals’ NFTs changed the scenario in Bitcoin.

Beyond what happens with the commissions paid by Ordinals, the rest of Bitcoin users also have to pay a higher price for trading on the network. This is because congestion is high, as reported in CryptoNews, and that forces commissions to go up in order for a trade to be confirmed faster.

For example, at the close of this note you see a scenario that has been repeated in recent days. Bitcoin’s mempool has more than 13,900 transactions and 76 blocks pending.

The minimum commission is USD 0.24 at the moment, although it is worth noting that choosing that rate does not give assurance that the transaction will be confirmed soon, as transactions with higher commissions are added almost permanently.

- Advertisement -

Read Next

Kraken vs SEC: The Impact of the $30 Million Fine on the Cryptocurrency Industry

Blockstream CEO Predicts $10 Million Bitcoin Price by 2032

- Advertisement -

How Do Cryptocurrency Scams Work?

6 Ways Cryptocurrency Can Replace Money

National Flags Take Flight on Bitcoin Blockchain with Ordinals Protocol

Bitcoin’s Seventh Bull Cycle: A New Era of Growth Ahead

Previous Articles:

- Advertisement -

Latest News

Shopify, Coinbase Launch USDC Payments; Mastercard Expands Crypto Access

Shopify and Coinbase allow merchants to accept USDC stablecoin payments, making crypto transactions easier...

Coinbase Launches Wrapped ADA and LTC on Base, COIN Hits New High

Coinbase has introduced wrapped versions of Cardano (ADA) and Litecoin (LTC) on its Ethereum...

ClickFix Attacks Surge 517% in 2025, Fake CAPTCHAs Spread Malware

ClickFix attacks using fake CAPTCHA verifications have risen by 517% in early 2025, according...

FHFA Orders Fannie, Freddie to Consider Crypto as Mortgage Collateral

The U.S. Federal Housing Finance Agency ordered Fannie Mae and Freddie Mac to consider...

Retail Investors Can Now Buy Tokenized Shares of SpaceX via Blockchain

Retail investors can now buy blockchain-based fractional shares in SpaceX through Republic. These digital tokens...

Must Read

Top 10 Best Crypto Faucets To Earn Free Crypto

Are you looking to earn free cryptocurrency? Look no further! In this article, we will introduce you to the top 10 best crypto faucets...