Bitcoin miners' daily revenues from per-block fees has exceeded their mining rewards (6.25 BTC) for the fifth time in history, which Glassnode analysts say is due to the situation because of the increased release of BRC-20 tokens.
Miners have earned in a month $100 million in fees and $773 million in block creation rewards. The share of the first indicator of the total revenue has reached 11.5%, which coincides with the highest levels observed during bull market periods in 2017 and 2021.
Hashrate miner revenues briefly increased to $172,200/EH before falling 55% to $76,300/EH.
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According to company analysts:
"Whilst this burst of blockspace demand provided a positive uptick in miner revenues, it is short-lived thus far, and pales in comparison to the relentless downtrend (in log-scale) of hash-price."
Of the 3,275 BTC paid to miners in the last two weeks, their total balance only increased by 655 BTC, which is about 20% of the fees paid.