Bitcoin just processed the second-busiest block in its history, with 11,255 transactions. It might seem like good news, but the total fees collected amounted to just ~$180. In the same block, miners pocketed ~$237,000 thanks to the fixed block subsidy.
This exposes a harsh truth: High transaction volume doesn’t mean high miner revenue. They’re still living off the subsidy, not fees.
With the 2028 Halving approaching, the subsidy will drop to 1.5625 BTC. At that point, $180 in fees won’t come close to making up for even 0.2% of the lost subsidy.
This dependence poses a major long-term risk to the security of the Bitcoin network. If fees don’t surge, the incentive to maintain mining power will decline sharply.
Will Bitcoin find a way to increase fees to survive future Halvings? Or are we overlooking an urgent problem?
#Bitcoin
#Halving
$BTC
This exposes a harsh truth: High transaction volume doesn’t mean high miner revenue. They’re still living off the subsidy, not fees.
With the 2028 Halving approaching, the subsidy will drop to 1.5625 BTC. At that point, $180 in fees won’t come close to making up for even 0.2% of the lost subsidy.
This dependence poses a major long-term risk to the security of the Bitcoin network. If fees don’t surge, the incentive to maintain mining power will decline sharply.
Will Bitcoin find a way to increase fees to survive future Halvings? Or are we overlooking an urgent problem?
#Bitcoin
#Halving
$BTC