diff --git a/speed-tests/README.md b/speed-tests/README.md
deleted file mode 100644
index 7b07d338..00000000
--- a/speed-tests/README.md
+++ /dev/null
@@ -1,3 +0,0 @@
-# Speed Tests
-
-This folder contains tests related to the code performance of a single node.
\ No newline at end of file
diff --git a/speed-tests/speed_tests.py b/speed-tests/speed_tests.py
deleted file mode 100644
index 87a81b0f..00000000
--- a/speed-tests/speed_tests.py
+++ /dev/null
@@ -1,97 +0,0 @@
-import json
-import time
-
-import rapidjson
-from line_profiler import LineProfiler
-
-import bigchaindb
-
-# BIG TODO: Adjust for new transaction model
-
-
-def speedtest_validate_transaction():
-    # create a transaction
-    b = bigchaindb.Bigchain()
-    tx = b.create_transaction(b.me, b.me, None, 'CREATE')
-    tx_signed = b.sign_transaction(tx, b.me_private)
-
-    # setup the profiler
-    profiler = LineProfiler()
-    profiler.enable_by_count()
-    profiler.add_function(bigchaindb.Bigchain.validate_transaction)
-
-    # validate_transaction 1000 times
-    for i in range(1000):
-        b.validate_transaction(tx_signed)
-
-    profiler.print_stats()
-
-
-def speedtest_serialize_block_json():
-    # create a block
-    b = bigchaindb.Bigchain()
-    tx = b.create_transaction(b.me, b.me, None, 'CREATE')
-    tx_signed = b.sign_transaction(tx, b.me_private)
-    block = b.create_block([tx_signed] * 1000)
-
-    time_start = time.time()
-    for _ in range(1000):
-        _ = json.dumps(block, skipkeys=False, ensure_ascii=False, sort_keys=True)
-    time_elapsed = time.time() - time_start
-
-    print('speedtest_serialize_block_json: {} s'.format(time_elapsed))
-
-
-def speedtest_serialize_block_rapidjson():
-    # create a block
-    b = bigchaindb.Bigchain()
-    tx = b.create_transaction(b.me, b.me, None, 'CREATE')
-    tx_signed = b.sign_transaction(tx, b.me_private)
-    block = b.create_block([tx_signed] * 1000)
-
-    time_start = time.time()
-    for _ in range(1000):
-        _ = rapidjson.dumps(block, skipkeys=False, ensure_ascii=False, sort_keys=True)
-    time_elapsed = time.time() - time_start
-
-    print('speedtest_serialize_block_rapidjson: {} s'.format(time_elapsed))
-
-
-def speedtest_deserialize_block_json():
-    # create a block
-    b = bigchaindb.Bigchain()
-    tx = b.create_transaction(b.me, b.me, None, 'CREATE')
-    tx_signed = b.sign_transaction(tx, b.me_private)
-    block = b.create_block([tx_signed] * 1000)
-    block_serialized = json.dumps(block, skipkeys=False, ensure_ascii=False, sort_keys=True)
-
-    time_start = time.time()
-    for _ in range(1000):
-        _ = json.loads(block_serialized)
-    time_elapsed = time.time() - time_start
-
-    print('speedtest_deserialize_block_json: {} s'.format(time_elapsed))
-
-
-def speedtest_deserialize_block_rapidjson():
-    # create a block
-    b = bigchaindb.Bigchain()
-    tx = b.create_transaction(b.me, b.me, None, 'CREATE')
-    tx_signed = b.sign_transaction(tx, b.me_private)
-    block = b.create_block([tx_signed] * 1000)
-    block_serialized = rapidjson.dumps(block, skipkeys=False, ensure_ascii=False, sort_keys=True)
-
-    time_start = time.time()
-    for _ in range(1000):
-        _ = rapidjson.loads(block_serialized)
-    time_elapsed = time.time() - time_start
-
-    print('speedtest_deserialize_block_rapidjson: {} s'.format(time_elapsed))
-
-
-if __name__ == '__main__':
-    speedtest_validate_transaction()
-    speedtest_serialize_block_json()
-    speedtest_serialize_block_rapidjson()
-    speedtest_deserialize_block_json()
-    speedtest_deserialize_block_rapidjson()