Bitcoin miners are reaping significant profits from the surge in transaction fees fueled by the rising popularity of Ordinals inscriptions. This surge has led to windfall profits for miners, with companies like Marathon, Cleanspark, Iris Energy, and Riot surpassing Bitcoin's 150% year-to-date surge. The surge in fees is considered beneficial for the network, and there is anticipation for Bitcoin support in the Phantom wallet, which is seen as bullish for Ordinals.
Phantom providing access to Bitcoin would be so bullish for Ordinals https://t.co/PebZlvo8yo
NEWS: Ordinals are driving up Bitcoin fees ā but that may be good for the network https://t.co/9rPNEheFXR
Looks like #Bitcoin support is coming to Phantom wallet š https://t.co/CZLlxMQlps
Bitcoin Fees Continue to Surge Thanks to Ordinal Mania āŗ https://t.co/aQQQUdQ5nt https://t.co/aQQQUdQ5nt
Despite a 150% year-to-date surge in #Bitcoin, miners like Marathon, Cleanspark, Iris Energy, and Riot have surpassed this growth, more than doubling Bitcoin's performance in 2023 š https://t.co/4fBnNuDbSZ
#Bitcoin miners enjoy windfall profits as transaction fees spike to the highest since April 2021 due to rising Ordinals inscriptions, driving bitcoin mining stocks $MARA $RIOT $CLSK to outperform $BTC price. @sndr_krisztian reports https://t.co/UL3r766BbC
Miners Rake in Record Fees From Ordinals; Inscriptions Fuel 61% of #Bitcoin Transactions https://t.co/W7P4gNLnPQ
Ordinals can't be stopped š§ All I see is Bitcoin magic!šŖ https://t.co/nyGu1JKRJK