Bitcoin

Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M

06/03/2023
Bitcoin Ethereum News

Quick Take

  • Looking at Bitcoin miner fees, they are still elevated compared to previous years.
  • The total fee paid to miners is currently around 70 Bitcoin per day, $1.8 million.
  • Before Ordinals and BRC-20 tokens became a thing this year, on average, miners received around 20 Bitcoin daily.
  • The percentage of miner revenue derived from fees is roughly 8%, according to Glassnode data as of June 2, but it went as high as 50% during the peak demand for BRC-20 tokens.
  • We see Bitcoin miner balance to be healthy due to the ongoing elevated fees they have received.
Fees: (Source: Glassnode)
Fees: (Source: Glassnode)

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Source: https://cryptoslate.com/insights/bitcoin-miner-fees-stay-elevated-boosting-daily-revenue-to-1-8m/