💸 𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗠𝗶𝗻𝗲𝗿𝘀 𝗦𝘁𝗿𝘂𝗴𝗴𝗹𝗲 𝗮𝘀 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻 𝗙𝗲𝗲𝘀 𝗙𝗮𝗹𝗹 𝘁𝗼 𝟯-𝗬𝗲𝗮𝗿 𝗟𝗼𝘄
Bitcoin may be trading above $100K—but miners aren’t celebrating.
📉 Transaction Fees Hit Bottom:
Miners are now earning less than 1% of their income from transaction fees, the lowest share since 2022, according to Luxor’s Hashrate Index.
💰 Block Rewards Remain, but Fees Shrink:
Each mined block still gives 3.125 BTC (~$327,000), but with average transaction fees just $1.45, the additional earnings are minimal—especially when on-chain activity is low.
🔻 Why This Hurts Miners:
Fewer transactions = fewer fees. And after April 2024’s halving, which cut rewards in half, many miners now rely almost entirely on block rewards—squeezing profits even further.
📦 BTC Selling Pressure from Miners:
In April, miners offloaded 15,000 BTC ($1.12B) to cover costs—especially after market dips linked to Trump’s trade policy moves.
⚙️ Efficiency Is the New Survival Strategy:
Experts say miners who survive this phase will be the ones with cheap electricity and efficient rigs, not just those betting on higher BTC prices.
➡️ As Bitcoin adoption grows, miner health may depend more on network activity than price alone. Keep an eye on fee trends—they tell the real story.