Bernstein: Miners earned over $100 million in rewards on Bitcoin halving day

2024-04-22 18:52:47

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ChainCatcher news, Bernstein analysts indicate that with the launch of the token protocol Runes, Bitcoin is experiencing a moment similar to Ethereum's "DeFi summer" in 2020.

On April 20, Bitcoin miners received over $100 million in rewards, with approximately $80 million coming from transaction fees alone. The fourth Bitcoin halving reduced the block subsidy reward for miners from 6.25 BTC to 3.125 BTC. Before the halving, Bitcoin miners received a total subsidy and transaction fee reward of about $6 to $70 million per day.

However, according to data from Blockchain.com, despite miners receiving half the subsidy reward per block, this figure surged to $107.75 million on April 20. According to Glassnode data, about 75% ($80 million) of this came solely from transaction fees, setting a new historical high.

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