RATE Group | Cryptocurrency exchange BitMEX causes congestion in the Bitcoin network every day
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Cryptocurrency exchange BitMEX causes congestion in the Bitcoin network every day

07 May Cryptocurrency exchange BitMEX causes congestion in the Bitcoin network every day

Posted at 10:08h in Cryptocurrency News by

BitMEX, which processes its users’ withdrawal requests every day at 16:00 CET, creates a density in the Bitcoin network and causes transaction fees to increase.

To send users who pay an average price of Bitcoin, Turkey time with every day are forced to wait about 1 hour for the termination of operations at lunch time. After a while, the waiting time returns to normal. A researcher thinks he has found the reason for this: BitMEX.

As reported by CoinDesk, according to the claim of Bitcoin engineer nickname 0xb10c; If the crypto derivative exchange BitMEX had used more effective technologies, users would have saved roughly 1.7 Bitcoin (about $ 15,000) daily, or 7 percent of their daily transaction payments.

In his latest report on the subject, 0xb10c wrote, “Transactions have a significant impact on the Bitcoin network and user fees.”

As is known, a user charges a small fee for this in each Bitcoin transaction. These wages fluctuate depending on how much hesitation or…

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