@maximiliiana
In 2025, Bitcoin miners’ transaction fee revenue, at 60% of total income, exceeds block rewards for the first time, driven by 1 million daily Lightning Network transactions. This shift, post-2024 halving, reduces reliance on block rewards (3.125 BTC), enhancing network security by incentivizing miners to maintain operations despite lower issuance. Hashrate remains robust at 570 EH/s, with fees averaging $5 per transaction, per CoinShares data, ensuring miner profitability even at $76,000. However, a 20% fee drop could force 15% of miners to exit, risking a 10% hashrate decline and increasing 51% attack risks, now costing $900 million daily. Long-term, fee-driven revenue may stabilize security, but miners must adapt to volatility, potentially integrating AI leasing for revenue diversification.