The new BRC-20 token standard has driven Bitcoin (BTC) transaction fees through the roof – and the network’s miners are reaping every satoshi as added profit.
Data from the HashRate Index shows that the world’s largest Bitcoin mining pools have earned roughly one-third of their profits from transaction fees alone within the past three days.
BRC-20: A New Source Of Miner Revenue
Foundry USA – the largest mining pool boasting 26% of market share – has earned an average of 3.23 BTC per block in transaction fees over the relevant period. Meanwhile, Antpool – its largest rival based in Beijing, China – has averaged 3.26 BTC per block in fees.
For context, that’s more than a 50% bonus for both pools, which already receive 6.25 BTC as a baseline subsidy attached to each block. Until this year, the subsidy counted for the vast majority of miner revenue, and was their main incentive to expend energy securing the network.
But with the takeoff of Ordinals earlier this year, Bitcoi
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