Hi Guys,
Explaining why Bitcoin miners are celebrating Runes post BTC’s halving.
Miners whose revenue streams got affected after the halving cheered the development.
Bitcoin [BTC] underwent its fourth halving earlier in the day and contrary to what you may think, miners have been celebrating ever since.
Rewards down, fees up
While the rewards given to miners for creating each block halved, they were more than compensated by an explosive surge in transaction fees paid by users.
According to AMBCrypto’s analysis of Mempool data, the iconic halving block – 840,000 – saw a whopping 37.62 BTCs in fees collected by miners, worth nearly $2.4 million at prevailing market prices. Combined with the slashed block subsidy of 3.12 BTCs, miners earned more than $2.6 million from the block. Several blocks after the halving also raked in more than a million in fees.
#bitcoinhalving #Megadrop #BTC_CRASH_UPDATE #Write2Earrn
