Bitcoin Miner Fees Fall to Just 0.64% of Revenue, Analyst Says

Bitcoin's recovery from $59,000 to $84,000 has improved mining economics, but older equipment remains under pressure. Transaction fees averaged just 0.64% of Bitcoin miner revenue in the last 30 days, according to analyst Axel Adler Jr. And with BTC oscillating between $83,000 and $84,000, miners’ finances depend mostly on the asset’s price and the electricity their machines burn, since fees add almost nothing. Almost All Miner Revenue Still Comes From Newly Issued Coins In dollar terms, fees brought in an average of 64 cents out of every $100 of daily miner revenue, and newly issued BTC supplied the rest. A week earlier, the 30-day average was 0.65, a change Adler described as small, though the indicator has stayed below 1% since mid-August 2025. Bitcoin has climbed from $59,000 to $84,000, and the analyst credits that rise for most of the improvement in miners’ conditions. The fee share is the figure to watch: a sustained return above 1% would show fees contributing more to revenue and point to greater network activity. At an electricity price of $0.05 per kilowatt-hour, the report compared two Bitmain machines. Mining one BTC with an Antminer S19 costs $86,700 in electricity alo...