Analysis: Bitcoin miners' transaction-fee revenue share is insufficient 1%, and older mining rigs face profitability pressure

Article

BlockBeats news,October 12, CryptoQuant analyst Axel Adler Jr. stated that over the past 30 days, Bitcoin transaction-fee revenue accounted for an average of only miners' total revenue 0.64%, a slight decline from 1 in the previous 0.65%weeks. This metric has remained below 2025 since mid-August. At present, miners' revenue still mainly comes from newly issued Bitcoin, while transaction fees make a limited contribution to profitability. Consequently, miners' operating conditions depend to a large extent on Bitcoin's price and mining-rig energy efficiency. Although Bitcoin's price has recovered from approximately 1%to 59000 USD, improving the operating environment for miners, older mining rigs still face substantial profitability pressure at current electricity prices.

If Bitcoin's price continues to rise, the extent of electricity-cost losses for older mining rigs is expected to narrow, while the profitability potential of highly energy-efficient mining rigs may expand further. Conversely, if the price declines, miners' revenue will be affected. In addition, a transaction-fee revenue share below 84000 USD does not directly mean that miners are shutting down at scale or selling their reserves. If the transaction-fee revenue share subsequently continues to recover to above 1%, this may indicate an improvement in transaction fees' contribution to miners' revenue. It should be noted that the above costs include only electricity expenses and exclude other expenditures such as mining-rig purchases, cooling facilities, and maintenance.

Original link 1%https://m.theblockbeats.info/flash/371340

Key points

Over the past 30 days, Bitcoin transaction-fee revenue accounted for an average of miners' total revenue 0.64%。
This share declined slightly from 1 in the previous 0.65%weeks and has remained below 2025 since mid-August. 1%。
Miners' revenue still mainly comes from newly issued Bitcoin.
Bitcoin's price recovered from approximately 59000 USD to 84000 USD。
Older mining rigs still face substantial profitability pressure at current electricity prices.
The above costs include only electricity expenses and exclude expenditures such as mining-rig purchases, cooling facilities, and maintenance.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

Miners currently rely mainly on newly issued Bitcoin for revenue, with little revenue coming from transaction fees. Therefore, Bitcoin's price and mining-rig power efficiency materially affect miner profitability.

Why it matters to readers

If the price rises, electricity-cost losses for older mining rigs may narrow and the profitability potential of highly energy-efficient mining rigs may expand; if the price declines, miners' revenue may be affected.

This indicates an important relationship among Bitcoin mining revenue sources, Bitcoin's price, and electricity costs, but a transaction-fee share below 1%does not in itself mean that miners are shutting down at scale or selling their reserves.

Risks and unknowns

The article does not state whether the transaction-fee revenue share will subsequently continue to recover to 1%or above.
The article does not provide data on the actual scale of older mining-rig shutdowns or changes in miners' reserves.
Cost data include only electricity expenses and exclude expenditures such as mining-rig purchases, cooling facilities, and maintenance.

Analysis: Bitcoin miners' transaction-fee revenue share is insufficient 1%, and older mining rigs face profitability pressure

Article

AI-assisted interpretation

Why it matters to readers

Risks and unknowns

Related Developments

Related concepts

Keep following

Security Center