Bitcoin Miners Earn Barely 0.7% of Revenue from Fees

Bitcoin miner fee revenue has dropped to its lowest level in over a decade, according to data from The Block. As of early 2025, transaction fees account for less than 0.7% of total miner income.

This decline is largely due to the growing use of layer-2 solutions like the Lightning Network, which offload transactions from the main chain and reduce congestion. Additionally, the introduction of Ordinals and BRC-20 tokens in 2023 briefly spiked fees, but this effect has since faded.

The drop in fee revenue is significant because it highlights the growing dependence on block subsidies, which will be reduced in 2028 when the next Bitcoin halving occurs. Miners secure the network by committing computational power to validate transactions, and their revenue pays for electricity and hardware.