Bitcoin Miner Revenues Dip: What's Behind the Decline? đđ°
Despite #Bitcoin holding strong above $55k, miner revenues have seen a dip since the March peak due to:
âą Lower Transfer Demand đ
âą Declining Fees from Runes and Inscriptions đȘ
âą Reduced Fee Pressure đž
Currently, miners are banking:
âą $824M from Block Subsidies đ„ (down 22% from its peak)
âą $20M from #Transaction Fees đ”
Is this a new trend or a temporary setback? The revenue might not match previous highs, but with Bitcoin price, #miners are still in a lucrative spot.