Bitcoin miners earn under 0.7% of revenue from fees in new 10-year low

Bitcoin (BTC) transaction fees now account for just 0.69% of miner revenue as major players pivot to AI.Key points:Bitcoin miners now rely on block subsidies more than at any time in the past decade, data shows.Bitcoin hash rate has declined by 33% since October 2025.Analysts warn that miners switching to AI could affect the network.Bitcoin miner fee revenue share returns to 2016 levelsData from onchain analytics platform Glassnode shows that fees as a proportion of miner revenue remain near decade lows after falling to just 0.52% in April.Miners face ongoing pressure as declining Bitcoin prices and rising electricity costs squeeze profits and force smaller players out of the market. Glassnode co-founder Rafael Schultze-Kraft noted that fees had made up less than 1% of miner revenue for almost a year.“Bitcoin was below $400 the last time fee share was this low,” he said on X. Bitcoin fees as a portion of miner revenue. Source: Rafael Schultze-Kraft on X.comWhen transaction fee revenue drops, miners increasingly depend on the fixed block subsidy for income — the amount of newly minted BTC awarded for each mined block, currently 3.125 BTC. Bitcoin’s value has fallen nearly 50% since ...