Bitcoin block posts second-most transactions ever, with only $180 in fees

A Bitcoin block containing the second-highest number of transactions on record was mined with only about $180 in fees, CoinDesk reported. According to mempool.space data, mining pool AntPool mined block 974,961 on Nov. 7 with 11,255 transactions. That was the second-highest total ever, behind the record 12,239 transactions set in August 2015. The block generated just 0.00240533 BTC in transaction fees, or about $180. CoinDesk said some transactions were processed at fees below Bitcoin Core’s default relay fee threshold of 0.1 sat/vB. With the next halving expected around April 2028, the block subsidy is projected to fall to 1.5625 BTC. The latest transaction fees would not offset even 0.2% of the subsidy reduction from the halving.