Bitcoin Miner Revenue Plummets to 12-Month Low

Bitcoin mining revenue is experiencing a notable downturn, with daily earnings from transaction fees dropping to a 12-month low of around $300,000. This represents less than 1% of total income for miners. Experts attribute this decline to reduced network activity and easing congestion, resulting in fewer transactions leading to lower fees. This decline raises concerns about the long-term sustainability of mining operations.