Bitcoin miners' transaction fee revenue has stayed below 1% of total income for 30 days (avg. 0.64%), since mid-Aug 2025. This shows heavy reliance on block rewards. Older mining gear faces cost pressures: Bitmain Antminer S19 needs ~$86.7k electricity (at $0.05/kWh) to mine 1 BTC, more than BTC's market price. Newer S21 model costs ~$44.3k, offering better margins. While BTC price hikes help, old machines still struggle. Analyst Axel Adler Jr. says fee revenue over 1% would signal stronger on-chain activity contributing to miner income.
#crypto #blockchain #news #BTC #Bitcoin
Blockchain Report
npub1cg…nmysr
2026-10-22 14:23:14 UTC
Author Public Key
npub1cg2ejqexhx88llcve0yxts2exv5q9k0a88l69q0vp7y5n0f2xyfscnmysrPublished at
2026-10-22 14:23:14 UTCEvent JSON
{
"id": "b21f4d2f42cf0ee950e1b31fce8ad50c460db9f379f7db58e86bc062e2638bc2",
"pubkey": "c215990326b98e7fff0ccbc865c159332802d9fd39ffa281ec0f8949bd2a3113",
"created_at": 1792678994,
"kind": 1,
"tags": [],
"content": "Bitcoin miners' transaction fee revenue has stayed below 1% of total income for 30 days (avg. 0.64%), since mid-Aug 2025. This shows heavy reliance on block rewards. Older mining gear faces cost pressures: Bitmain Antminer S19 needs ~$86.7k electricity (at $0.05/kWh) to mine 1 BTC, more than BTC's market price. Newer S21 model costs ~$44.3k, offering better margins. While BTC price hikes help, old machines still struggle. Analyst Axel Adler Jr. says fee revenue over 1% would signal stronger on-chain activity contributing to miner income.\n\n#crypto #blockchain #news #BTC #Bitcoin ",
"sig": "a64568e64b9963913f5b0cfa2f7cf5037f8d733c2f7c92ee51e862def1dcc30b0d100148c0e33bbe36b218bde01a0b5b006696244f40638d27aacb348503010f"
}