TechFlow, June 18 — According to Decrypt, data from Luxor's Hashrate Index shows that transaction fees accounted for less than 1% of total block rewards in June, the lowest level since 2022.
Currently, miners receive 3.125 bitcoins (approximately $327,000) plus transaction fees for successfully processing each block. However, as Bitcoin network usage declines, transaction fees remain low, with the average transaction cost at just $1.45.
CJ Burnett, Chief Revenue Officer at Compass Mining, said: "Despite rising Bitcoin prices, mining revenues have remained near historic lows since the 2024 halving." Industry experts believe that access to efficient mining hardware and competitive power costs are key for miners to survive difficult periods.
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