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Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.
Key points:
- Bitcoin miners now rely on block subsidies more than at any time in the past decade, data shows.
- Bitcoin hash rate has declined by 33% since October 2025.
- Analysts warn that miners switching to AI could affect the network.
Bitcoin miner fee revenue share returns to 2016 levels
Data from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0.52% in April.
Miners face ongoing pressure as declining Bitcoin prices and rising electricity costs squeeze profits and force smaller players out of the market. Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year.
“Bitcoin was below $400 the last time fee share was this low,” he said on X.
Bitcoin fees as a portion of miner revenue. Source:…
