Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
60-second summary
Bitcoin miners are earning under 0.7% of their revenue from fees, a 10-year low of 0.52%, sparking concerns about their financial sustainability. This decline has led some miners to pivot to artificial intelligence, highlighting the industry's growing reliance on alternative revenue streams amidst a profit squeeze, potentially impacting cryptocurrency market stability in the long term.
Bitcoin miners showed a “concerning” trend of pivoting to AI amid a profit squeeze as transaction-fee income barely bounced from 10-year lows of 0.52% of revenue.