After the halving of BTC, the average income of miners has increased. Do you know why? You can take a simple look.

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Miners' income has decreased:

BTC halving means that the block reward is halved, that is, the number of bitcoins that miners get from each successfully mined block is reduced, which directly leads to a decrease in miners' income. In order to maintain or increase their profitability, miners may tend to charge higher fees.

Network congestion problem:

During the halving period, the number of transfers on the Bitcoin network may fluctuate significantly, causing network congestion. In order to complete transactions faster, traders may be willing to pay higher fees to incentivize miners to prioritize their transactions.

Adjustment of mining difficulty:

Although the mining difficulty may decrease, it does not mean that miners can mine Bitcoin more easily. Miners may still need more computing power to maintain or improve their mining efficiency, which may also cause them to increase fees to cover higher operating costs.

Market supply and demand:

As the price of Bitcoin rises, miners may expect the value of block rewards to increase, which motivates them to introduce more computing power for mining. This may also lead to rising transaction fees, as more miners compete for the same transactions, requiring traders to pay higher transaction fees to ensure that the transaction is processed.

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