Following the fourth Bitcoin halving, transaction fees have surged significantly, with Block 840,000 alone accumulating 37.6 BTC in fees, approximately 12 times the new block subsidy of 3.125 BTC. This block, often referred to as the halving block, marked a notable increase in miner fees, totaling around $2.4 million. In the subsequent period, Bitcoin miners have seen a dramatic rise in earnings from transaction fees. In the first 60 blocks post-halving, miners collected 860.2 BTC, equivalent to over $54 million, shattering the previous record for single-day transaction fee revenue of $24 million. By the 130th block post-halving, miners had earned 1,675 BTC ($109 million), with 75% of this amount, or 1,262 BTC ($82 million), derived solely from transaction fees.
NEW: In the 130 blocks post-halving, #Bitcoin miners earned 1,675 BTC ($109 million) 👀 Of this, 75% (1,262 BTC worth $82 million) came from transaction fees. For context, miners received 1,349 BTC in fees from April 1 to April 19 😮 https://t.co/dLnYtCzo5h
In the first 60 blocks since the 4th #Bitcoin halving, miners have collected 860.2 BTC in transaction fees alone. Equivalent to over $54m, this has already smashed the previous single-day all-time high transaction fees of $24m.
Almost $1M in txn fees to miners on every Bitcoin block since the halving. Wild. https://t.co/acKVRyB3r2
Block #840,000 was a doozie. ~$2.4m in fees! https://t.co/LKtwbsIj8e https://t.co/aaNJrR1ovj
Total transaction fees are extremely high post halving. Fees at the halving block totaled 37.6 #Bitcoin . https://t.co/CkaRjqnvkC
#Bitcoin block 840,000 had 37.626 $BTC in transaction fees Dang! https://t.co/uR5hxsz5v1
8 Bitcoin fee for block 840000! https://t.co/4B6J2a6Mdx https://t.co/TWmKKewSHr
Block 840,000 had 37.6 BTC in fees -- 12x the new block subsidy of 3.125 https://t.co/mHWCOWKjfe
JUST IN: The halving block had 37.6 #Bitcoin worth of fees 👀😮 https://t.co/3Pdff0fr6I
37.6 BTC in fees for Block 840000 https://t.co/rBjmCmALXJ