{"id":81332,"date":"2023-07-06T12:02:52","date_gmt":"2023-07-06T09:02:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81332"},"modified":"2025-09-11T22:12:53","modified_gmt":"2025-09-11T19:12:53","slug":"bitcoin-miners-fee-revenue-rose-by-270","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bitcoin-miners-fee-revenue-rose-by-270\/","title":{"rendered":"Bitcoin miners\u2019 fee revenue rose by 270%"},"content":{"rendered":"<p>In the second quarter, Bitcoin miners earned $184 million from fees. The figure is 270% higher than in the prior period and exceeds the full-year 2022 figure, according to <a href=\"https:\/\/coinmetrics.substack.com\/p\/state-of-the-network-issue-214?publication_id=6269&#038;post_id=132208708&#038;isFreemail=true&#038;utm_content=255684945&#038;utm_medium=social&#038;utm_source=twitter&#038;hss_channel=tw-867328053416001536\">Coin Metrics<\/a>.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/vIjkuXitBdvS-I38zg5YUTdzlBHg2Lq9g4RP8iDr5LBgjIYoAue2Y8eI9w4W79d5w8saXulXExOG7kwoFTlhn8pSX7Rvy08SyXOvV3k5om8fRINA1NZz68ugKJqcWPc2m8kWaNTKQPIro1pNslp4us0\" alt=\"\u0414\u043e\u0445\u043e\u0434 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u043e\u0442 \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u0432\u044b\u0440\u043e\u0441 \u043d\u0430 270%\"\/><figcaption class=\"wp-element-caption\">\u0414\u0430\u043d\u043d\u044b\u0435: Coin Metrics.<\/figcaption><\/figure>\n<p>Total miners&#8217; revenue for the quarter amounted to $2.4 billion.<\/p>\n<p>Analysts say that the sustained boom <a href=\"https:\/\/u1f987.com\/en\/news\/what-are-ordinals-and-brc-20-tokens\">Ordinals and the rollout of the BRC-20 standard<\/a> have driven the high volume of fees earned by Bitcoin miners.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cAlthough the pace of fee payouts has slowed sharply in recent weeks as activity declines, the frenzy persists, as the token standard opens up new experimental use cases for the main types of Bitcoin transactions and accelerates scaling via the <a href=\"https:\/\/u1f987.com\/en\/news\/lightning-network-faster-cheaper-bitcoin-transactions\">Lightning Network<\/a>,\u201d Coin Metrics analysts said.<\/p>\n<\/blockquote>\n<p>In their view, other factors such as the strength of Bitcoin&#8217;s price and lower electricity tariffs in the United States also supported miners&#8217; quarterly earnings.<\/p>\n<p>However, competition in the sector has intensified as the network hashrate <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-hash-rate-hits-all-time-high-2\">reaches new highs<\/a>, so in the second half of the year participants will have to contend with a difficult mix of market variables, analysts say.<\/p>\n<p>In the second half of June, miners sent <a href=\"https:\/\/u1f987.com\/en\/news\/miners-sent-over-1-billion-in-bitcoin-to-exchanges\">more than $1 billion in Bitcoin<\/a> to exchanges, <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-miners-send-record-128-million-to-crypto-exchanges\">setting a daily record<\/a> for cryptocurrency inflows.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the second quarter, Bitcoin miners earned $184 million from fees. The figure is 270% higher than in the prior period and exceeds the full-year 2022 figure, according to Coin Metrics.<\/p>\n","protected":false},"author":1,"featured_media":81333,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1178,1137],"class_list":["post-81332","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-blockchain-fees","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"15","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=81332"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81332\/revisions"}],"predecessor-version":[{"id":81334,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/81332\/revisions\/81334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/81333"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=81332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=81332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=81332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}