Bitcoin core (BTC) prices have been rising sharply over the last few weeks and people have also noticed BTC transaction fees have spiked as well. Now there’s a new gaming site called Guess Bitcoinfees allowing people to bet on the 24-hour average transaction fee for the next day and the site pays out jackpots in bitcoin cash.
You Can Now Bet on Guessing BTC’s 24-Hour Average Transaction Fee and Win Bitcoin Cash
At the time of writing, the fee you have to pay to get your transaction mined into the next block is $2.45 per transaction size of 226 bytes. Meanwhile, digital asset supporters have been focusing on the price of BTC, but many users have noticed the rising fees and mempool backlog. Furthermore, according to a live updating list, there are 6,519 unconfirmed transactions (txn) waiting in the queue.
Over the last two weeks, there’s been an average of 20-35,000 unconfirms in the mempool during weekdays. Because the dynamic BTC fees are always different, a new gaming site called Guessbitcoinfees.com has launched allowing individuals to make a wager on the closest average bitcoin core fee for the day. In order to play the game, you need a Memo.cash account and at least 10,000 satoshis (BCH) to guess.
You basically write your prediction in the message area in USD and for every 10,000 satoshis,