TECHNOLOGYCOINTELEGRAPH
Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low
Bitcoin miners earned under 0.7% of revenue from fees, marking a new 10-year low. They also showed a “concerning” trend by pivoting toward AI amid a profit squeeze. Separately, transaction-fee income was noted to have barely bounced from previous 10-year lows of 0.52% of revenue.
Related Signal
Adjacent reporting
- Bitcoin miners face deepening margin squeeze as revenue falls below production costs
- Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot
- JPMorgan: Bitcoin Mining Costs Have ‘Worsened’ as BTC Trades Below Production Cost
- Bitcoin mining difficulty drops 10% in second-largest negative adjustment of 2026
- Live markets: Bitcoin has traded below its mining cost for five months, squeezing miners
- Bitcoin miners are losing $19,000 on every BTC produced as difficulty drops 7.8%