Significant development in the Bitcoin sphere: Miners recently earned an impressive $106.7 million in revenues, marking a new peak. Remarkably, three-quarters of this amount, approximately $79.7 million, were derived solely from transaction fees.
According to Jonathan Merry, CEO of banklessTimes, the growing income of Bitcoin miners, primarily from transaction fees, underscores the robustness of its network. Moreover, it recognizes and emphasizes the indispensable part played by miners in safeguarding the Bitcoin system.
“He remarked, ‘The Bitcoin system’s revolutionary and evolving aspects are essential for reshaping the future of digital finance.'”
Bitcooin miners generated an unprecedented income of around $106.7 million, making this a noteworthy achievement and an important milestone within the crypto sector.
Approximately three-quarters (75%) of the income came from transaction fees, highlighting their significance in miners’ profits.
Starting from April 19, when the Rune protocol was introduced alongside the Bitcoin halving event, mining became significantly more competitive for miners.
Due to this competition and increasing Bitcoin transaction charges, miners are now looking into other income sources. One of these options is making use of secondary networks, such as the Lightning Network, to increase their earnings.
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2024-04-22 16:20