Bitcoin’s (BTC) High Fees Brought Back Bull Market-Level Mining Revenue, But Not for Long

On Tuesday, the transaction charges on bitcoin represented 75% of the present block reward, at the moment at 6.25 BTC, versus the standard 2%-5%, mentioned Tim Rainey, treasurer at Greenidge Technology Holdings (GREE). “That is roughly equal to the rise in mining income if the bitcoin value surged from the present $28,000 stage to $50,000,” he mentioned.