Insights

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

exchange68September 13, 2024

0 0 1 minute read

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.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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