For years, Bitcoin miners have toiled away, fueled by the promise of block rewards – newly minted coins earned for validating transactions. But a recent trend is changing the game, with transaction fees quietly usurping block rewards as the primary source of miner income. This shift, while unexpected, presents both opportunities and challenges for the future of Bitcoin.
Bitcoin: Transaction Fees On The Rise
Ki Young Ju, CEO of cryptocurrency analysis firm CryptoQuant, recently highlighted a significant change in the Bitcoin mining landscape. Transaction fees, once a minor contributor to miner income, have seen a dramatic rise. According to CryptoQuant’s data, transaction fees now account for over 7% of miners’ total income, a stark contrast to the meager 1% reported just two years ago.
Building apps on #Bitcoin has significantly changed miners’ income streams.
Transaction fees now account for over 7% of their total revenue, up from 1% two years ago.
This trend has
We współpracy z: https://bitcoinist.com/bitcoin-miners-find-solace-in-network-activity/
