Crypto Miners Debate $500K Bitcoin Fee Refund to Paxos

Bitcoin miners are pondering the refund of a hefty $500,000 for Paxos with a $2,000 bitcoin transaction.

These fees usually range from $5 to $20, depending on network congestion and demand, as of Thursday.

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A bitcoin fee is the user pays to miners, to get their transaction included in the blockchain.

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Paxos likely reached out to Stake, Fish to claim the fees, But in a Thursday post on X, Stake.

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Paxos runs a crypto exchange and issues its own USDP stablecoins, to players in the industry.

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The higher the chance their transaction will be picked up immediately as miners prioritize bigger payouts.

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Of nearly 1,700 voters as of Asian afternoon hours, 37% felt the fees should be distributed to miners.

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27% felt it returned to Paxos, 21% voted on freezing the bitcoin, and 50% split between miners and Paxos.

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