The crypto sector focused on the Bitcoin halving. With the halving, mining block rewards will be reduced from 6.25 BTC to 3.125 BTC. This will increase the mining difficulty and make BTC more valuable. Previous halving cycles have signaled a bull run for BTC. Expectations for this halving period are also high.
On the halving agenda, Bitcoin is making significant progress. The utilization of the Bitcoin network has increased, especially with the intense interest in Runes. The increase in activity on the Bitcoin network has increased the transaction fee revenues of miners.
Bitcoin transaction fee revenues above Ether
According to the data, Bitcoin miners have earned more transaction fees than Ether validators in recent days. However, Ether was ahead of Bitcoin in one-week transaction fee revenue.
Bitcoin miners are happy with the upcoming halving and initiatives like Runes that have increased interest in the Bitcoin network. Miners beat Ether validators for three consecutive days in Bitcoin transaction fee revenue.
According to data from Crypto Fees, Bitcoin miners earned $7.47 million in transaction fees on April 17. Ether validators, on the other hand, earned $7.31 million.
Bitcoin miners also earned $9.98 million on April 15 and $5.91 million on April 16. Ether stakers earned $3.5 million and $1.1 million less in transaction fees on the respective days.
Ether ranks $1 million above Bitcoin in 7-day average transaction fee revenues. Ether validators received an average of $8.557 million in transaction fees in 1 week. Bitcoin miners earned an average of $7.576 million in the same period.
As it is known, Bitcoin mining cost will increase to $ 80,000 after halving. BTC is trading around $65,000. When we consider all these data, it is interpreted positively that miners benefit from the increased activity of the Bitcoin network.
