{"id":88687,"date":"2023-12-25T18:20:29","date_gmt":"2023-12-25T16:20:29","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=88687"},"modified":"2025-09-13T19:35:42","modified_gmt":"2025-09-13T16:35:42","slug":"bitcoin-miners-revenue-from-fees-for-the-year-up-400","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/bitcoin-miners-revenue-from-fees-for-the-year-up-400\/","title":{"rendered":"Bitcoin miners\u2019 revenue from fees for the year up 400%"},"content":{"rendered":"<p>The average daily revenue miners earn from transaction fees on Bitcoin exceeded $2 million \u2014 the annual figure rose 400%. Co-founder and <span data-descr=\"Chief Technology Officer\" class=\"old_tooltip\">CTO<\/span> of Casa, Jameson Lopp, drew attention to this.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Revenue collected via transaction fees by bitcoin miners averaged nearly $2,000,000 per day in 2023. This is up 400% year over year. <a href=\"https:\/\/t.co\/zZjUwy1Gbh\">pic.twitter.com\/zZjUwy1Gbh<\/a><\/p>\n<p>\u2014 Jameson Lopp (@lopp) <a href=\"https:\/\/twitter.com\/lopp\/status\/1738547873967435907?ref_src=twsrc%5Etfw\">December 23, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Total bitcoin miners&#8217; revenue for 2023 was about $10 billion, and over the last 15 years \u2014 $57 billion.<\/p>\n<p>The assessment assumes miners immediately convert the proceeds into fiat. However, according to Lopp, they often resort to the hodling strategy.<\/p>\n<p>According to The Block Research, mining profitability per TH\/s reached a two-year high of $0.12.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh7-eu.googleusercontent.com\/WkjVaNXUucHF2a2hAYl5_CKsnrn4Capn9rzHZ3fFIEczJ8GMCkeWpBB9pmRSKykjaIy1jnEKfF1Fz3xJz1_zLLvhdw7bmXPC4fHy6C_FyuvpoSPjVXWuA6Xtu3B2ffcojXXhqgzPivwmUgHLcaeAuMQ\" alt=\"\u0414\u043e\u0445\u043e\u0434 \u0431\u0438\u0442\u043a\u043e\u0438\u043d-\u043c\u0430\u0439\u043d\u0435\u0440\u043e\u0432 \u043e\u0442 \u043a\u043e\u043c\u0438\u0441\u0441\u0438\u0439 \u0437\u0430 \u0433\u043e\u0434 \u0443\u0432\u0435\u043b\u0438\u0447\u0438\u043b\u0441\u044f \u043d\u0430 400%\"\/><figcaption class=\"wp-element-caption\">Seven-day moving average of miner revenue per TH\/s. Data: <a href=\"https:\/\/www.theblock.co\/data\/on-chain-metrics\/bitcoin\/bitcoin-miner-revenue-per-th-s-7dma\">The Block Research<\/a>.<\/figcaption><\/figure>\n<p>On the same day, the mining difficulty of the first cryptocurrency <a href=\"https:\/\/forklog.com\/en\/news\/bitcoin-mining-difficulty-hits-a-new-high-10\">reached<\/a> a historical maximum of 72.01 T, with the average hash rate over the period since the previous adjustment at 512.55 EH\/s.<\/p>\n<p>In the Coin Metric report <a href=\"https:\/\/coinmetrics.substack.com\/p\/state-of-the-network-issue-237\">Coin Metric<\/a> it notes that mining performance rose from 250 EH\/s at the start of the year to 480 EH\/s currently.<\/p>\n<p><a href=\"https:\/\/forklog.com\/en\/news\/ordinals-boom-pushes-bitcoin-fees-to-record-highs\">In December, the Ordinals<\/a> boom led to a sharp rise in bitcoin fees and miners&#8217; revenues.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average daily revenue from transaction fees earned by bitcoin miners exceeded $2 million; the annual figure rose 400%.<\/p>\n","protected":false},"author":1,"featured_media":88688,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1137,1343],"class_list":["post-88687","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-cryptocurrency-mining","tag-income"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88687","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=88687"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88687\/revisions"}],"predecessor-version":[{"id":88689,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/88687\/revisions\/88689"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/88688"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=88687"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=88687"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=88687"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}