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News Explorer — Bitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017

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May 8, 6:19 pm
Decrypt

Bitcoin Transaction Fees Surpass Block Rewards for the First Time Since 2017

Block 788695 marks a special milestone for miners, as it is the first time since 2017 that the transaction fees in a single block have surpassed the block rewards. This has provided miners with a newfound source of income, in addition to the block subsidy. This is an optimistic sign that fees could increase, although it has yet to be proven that it will provide a consistent source of income.

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