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Fast Take
Earlier this yr, as a result of demand for Inscriptions and BRC-20 tokens, Bitcoin miner charges began to blow up.
This noticed a brand new “flippening” as Bitcoin charges surpassed block rewards for miners.
As well as, BRC-20 tokens misplaced $600 million in market cap inside 4 days, which confirmed these tokens’ fast rise and fall. BRC-20 token’s present market cap is lower than $500 million.
The proportion of Bitcoin miner income derived from charges has now dropped to 7% from as excessive as 42% as of Might 8.
The miner income charges on Might 8 equate to roughly 635 Bitcoin, however miners at the moment are receiving solely 71 Bitcoin.
Charges are nonetheless elevated in comparison with prior years, the place Bitcoin miner income derived from charges went as little as round 2%.
The publish Bitcoin miner income derived from charges drops to 7% appeared first on CryptoSlate.
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