bhavik on Nostr: In the last 24 Hours, Fees have been around ~0.3 BTC per block resulting at 8-10% of ...

In the last 24 Hours, Fees have been around ~0.3 BTC per block resulting at 8-10% of the total block rewards.

Inefficient miners are going to price out soon if price doesn’t double.

Free market playing out. Search for cheap energy continues and market pushes industry to be extremely efficient and productive.
Nature at its best.

quoting note19ak…fn7q

Miners are earning average 1.5 - 2 BTC in fees per block for the last few blocks.
If fees remain same after the halving, fees would contribute 47% of the total block rewards.

Halving impact getting lesser and lesser.