Bitcoin: Transaction value surges despite...
Being a proof-of-work network, Bitcoin miners’ revenue is derived from two primary sources: inflation rewards and transaction fees. When miners successfully add a new block, they are rewarded with a certain number of newly minted Bitcoins.
During the same period, revenue earned by miners on the Bitcoin network from transaction fees paid to use the blockchain also declined by 15%. In the current month, miners have accumulated $173 million in revenue from inflation rewards, while their earnings from transaction fees over the past seven days have reached $177 million.While miner revenue fell between May and June, BTC on-chain transaction volume rallied. Per data from TheBlock, this increased by 24% during that period.
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