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Bitcoin Miner Fees Remain Elevated Compared to Previous Years

Bitcoin miner fees remain high compared to previous years, with miners currently receiving around 70 Bitcoin per day, equivalent to $1.8 million. Prior to the emergence of Ordinals and BRC-20 tokens this year, miners typically received around 20 Bitcoin daily. According to Glassnode data as of June 2, fees account for approximately 8% of miner revenue, but during the peak demand for BRC-20 tokens, this figure rose to as high as 50%. Despite concerns about the impact of high fees on the Bitcoin network, the ongoing elevated fees have resulted in a healthy miner balance.

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