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BitMEX Is Making Bitcoin Network More Expensive for Everyone, Researcher Finds

Average fees paid by bitcoin users spike at a certain time every day due to the actions of one firm, derivatives exchange BitMEX, a researcher found.

BOTTLENECK: If too many bitcoin transactions are sent at one time, miners prioritize ushering through those with higher fees. Those with smaller fees must wait. (Credit: Shuttertsock)
BOTTLENECK: If too many bitcoin transactions are sent at one time, miners prioritize ushering through those with higher fees. Those with smaller fees must wait. (Credit: Shuttertsock)