Bitcoin Miner Fees Fall 58% Despite Surging Transactions, Bitcoin Well Says
Bitget2026/10/23 15:35- Bitcoin Well's analysis flags Bitcoin miners' reliance on block subsidies as transaction fee revenue falls despite rising network activity.
- Daily transactions averaged about 708,000 in October 2026, up roughly 90% from January 2025.
- Daily fees fell 58% over that period to about 2.8 BTC, accounting for just 0.57% of miner revenue.
- October's average hash rate recovered above 1,000 EH/s as bitcoin's price rebounded, undermining claims of continued network security deterioration.
- The expected 2028 halving cuts the subsidy to 1.5625 BTC per block, increasing reliance on higher bitcoin prices unless fees rise.
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