Miners receive 17% profit from commissions after halving

If before the reward halving, Bitcoin miners received only a small part of the profit from commissions, then afterthey began to receive about 17% of income from commissions.

The total profit of miners from mining the firstcryptocurrencies decreased by 61% - on May 10, 2,188 BTC was mined, and on May 12 the number of coins mined dropped to 852. Some miners left the business or disconnected obsolete devices, due to which the network hash rate decreased, the block mining time increased and even lower the number of coins mined has fallen.

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Despite the decrease in the number of mined blocks andbitcoins, the number of transactions remained unchanged, which led to an increase in commissions. If at the end of April the average commission for a transaction in the Bitcoin network was $ 0.62, then by May 15 its size increased to $ 5.21. In this regard, the income of miners from commissions has grown significantly and amounted to about 17% of total profit.

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Note that in US dollars, miners becamereceive significantly lower income - it decreased from $ 19.25 million as of May 9 to $ 7.82 million as of May 12. However, it is not a fact that at the next recount, the mining complexity will be reduced, since the bitcoin hash network has noticeably increased before halving.

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Most likely with each half of the rewardto miners, they will receive an increasing percentage of income precisely from transaction fees. Bitcoin’s third halving took place on May 11, and soon the network hashrate decreased by 16%.

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