Luxor's Hashrate Index data shows that transaction fees accounted for less than 1% of total block rewards in June, the lowest since 2022. Currently, miners receive 3.125 bitcoins (~ $327,000) and transaction fees for every block successfully processed. However, as Bitcoin network usage has declined, transaction fees have remained low, with an average transaction cost of just $1.45.
CJ Burnett, chief revenue officer at Compass Mining, said: "Despite the rise in bitcoin prices, mining revenues are still close to record lows since the 2024 halving." Industry experts believe that having efficient mining hardware and competitive electricity costs is key for miners to survive in difficult times.
Data: Bitcoin transaction fees accounted for less than 1% of total block rewards in June, the lowest since 2022
2025-06-18 00:58:52
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