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Bitcoin Transaction Fees as Percentage of Miner Rewards Falls Below 1%, Hits Three-Year Low
Summary: According to reports, as of mid-June, Bitcoin transaction fees accounted for only 0.96% of block rewards, reaching the lowest level since January 2022. Despite BTC price surpassing $100,000, decreased on-chain transaction activity has led to a sharp decline in miner transaction revenue. The current average transaction fee is only about $1.45, lower than previous peaks. ...
According to reports, as of mid-June, Bitcoin transaction fees accounted for only 0.96% of block rewards, reaching the lowest level since January 2022. Despite BTC price surpassing $100,000, decreased on-chain transaction activity has led to a sharp decline in miner transaction revenue. The current average transaction fee is only about $1.45, lower than previous peaks. Miner income continues to be under pressure, with hash rates and fees falling in tandem, causing some mining companies to sell BTC to maintain operations. (Decrypt)
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Link: Bitcoin Transaction Fees as Percentage of Miner Rewards Falls Below 1%, Hits Three-Year Low [Copy]
