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’ speedy rise and fall. BRC-20 token’s present market cap is lower than $500 million.
- The share of Bitcoin miner income derived from charges has now dropped to 7% from as excessive as 42% as of Could 8.
- The miner income charges on Could 8 equate to roughly 635 Bitcoin, however miners are actually 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%.
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