Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide This article is more than 2 years old...
Bitcoin miner fees stay elevated, boosting daily revenue to $1.8M
Uncovering the impact of Ordinals and BRC-20 tokens on Bitcoin miner fees and revenue growth.
Quick Take
- Looking at Bitcoin miner fees, they are still elevated compared to previous years.
- The total fee paid to miners is currently around 70 Bitcoin per day, $1.8 million.
- Before Ordinals and BRC-20 tokens became a thing this year, on average, miners received around 20 Bitcoin daily.
- The percentage of miner revenue derived from fees is roughly 8%, according to Glassnode data as of June 2, but it went as high as 50% during the peak demand for BRC-20 tokens.
- We see Bitcoin miner balance to be healthy due to the ongoing elevated fees they have received.
















