The halving has been 10 days, how has the miners' income changed?

Bitcoin miners' income mainly comes from two sources: block rewards and transaction fees (miner fees). The halving directly reduces the block rewards received by miners. On April 19th, the theoretical amount of BTC that can be mined with 1 PH/s of hash power on that day was: 1/ (6211000) (6.25624)= 0.0014492 (this income only includes block rewards). As of April 21st, the data shows: 1/ (5631000) (3.125624)= 0.00079929, the block rewards are directly halved.

According to on-chain browser data, after the halving, as shown by Mempool data, out of the 144 blocks after block height 840,000, 124 blocks had miner fees exceeding 3.125 BTC. There are also numerous blocks with miner fees exceeding 10 BTC. Whether it's the Ordinals protocol that emerged in 2023 or the currently popular Runes protocol, they have ignited users' enthusiasm for participating in Bitcoin network transactions, while also bringing more income from miner fees to miners. If this trend continues, then even though the coinbase reward has been halved compared to before, the income miners receive from miner fees would be enough to compensate for this loss.

As a miner, are you currently maintaining a pessimistic or optimistic outlook on mining profits?

submitted by /u/ViaBTC to r/btc
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Quelle: bitcoin-en