Биткоин-майнеры столкнулись с минимумом доходов от комиссий за год Translation: Bitcoin miners face a year-low in commission revenue

The figure has dropped to $300,000 per day.

The revenue of Bitcoin miners from transaction fees has reached a 12-month low. This information comes from The Block.

The current figure stands at $300,000 daily, which constitutes just 1% of the total earnings of miners. The majority of income is derived from the block reward of 3.125 BTC ($287,000 at the current exchange rate).

Significant spikes in fees were observed in 2023 and 2024, driven by the popularity of protocols such as [Ordinals](https://forklog.com/cryptorium/chto-takoe-ordinals-i-tokeny-brc-20) and [Runes](https://forklog.com/cryptorium/chto-takoe-runes-v-seti-bitkoina-i-chem-oni-otlichayutsya-ot-brc-20). These innovations revived interest in the [BTCFi](https://forklog.com/exclusive/stanet-li-btcfi-novym-toplivom-dlya-rosta-bitkoina) ecosystem.

On-chain data indicates that the primary use of the network continues to be for monetary transfers. This limits the potential for generating high transaction fees.

The economic model of Bitcoin suggests that by 2140, when the issuance of coins will cease, miners will rely solely on fees for their income. Consequently, the question arises as to whether the blockchain of the first cryptocurrency can provide a sufficient level of revenue to maintain network security.

According to a report from [Hashrate Index](https://hashrateindex.com/blog/hashrate-index-roundup-november-17-2025/), cryptocurrency miners received 3,127 BTC (~$313 million) in block rewards between November 10 and 17.

Transaction fees amounted to 22 BTC (~$2.1 million), making up 0.69% of total revenue.

The price of the digital gold has decreased by 12.8%, dropping from $105,700 to about $90,000. As of this writing, the asset trades at $92,300, up 0.5% in the last 24 hours. Over the week, prices have plummeted by more than 11%.

The dollar-denominated yield has fallen by 10.8%, from $42.88 to $38.25 per PH/s per day. However, the figure expressed in Bitcoin has increased by 2.6%, rising from 0.00040660 BTC to 0.00041712 BTC per PH/s per day.

The [hashrate](https://forklog.com/cryptorium/chto-takoe-heshrejt-i-slozhnost-majninga-kriptovalyut) (7-day moving average) increased by 6.7%, from 1,056 EH/s to 1,127 EH/s. The 30-day SMA currently stands at 1,107 EH/s.

The latest difficulty adjustment occurred on November 12, resulting in a decrease of 2.37%, bringing the figure down to 152.27 T.

Shares in publicly traded mining companies rose following the [release of Nvidia’s strong quarterly report](https://forklog.com/news/ai/kvartalnyj-otchet-nvidia-razveyal-sluhi-o-puzyre-v-ii), which announced a record revenue of $57 billion.

Cipher Mining’s stocks increased by over 13%, while IREN’s shares rose by 10%. Positive trends were also seen in Bitfarms, TeraWulf, and CleanSpark. The stock price of the largest miner by market cap, MARA, jumped by 4%.

The heightened interest in cryptocurrency miners is linked to their [diversification strategy](https://forklog.com/news/ai/heshrejt-ustupaet-ii-bitkoin-majnery-sdelali-stavku-na-data-tsentry) into artificial intelligence. In late October, Crusoe [secured](https://forklog.com/news/ai/crusoe-privlekla-1-375-mlrd-na-razvitie-ii-infrastruktury-dlya-openai) $1.375 billion for developing AI infrastructure for OpenAI, and at the beginning of November, IREN [signed](https://forklog.com/news/bitkoin-majner-iren-zaklyuchil-s-microsoft-kontrakt-na-9-7-mlrd) a $9.7 billion contract with Microsoft.

It is worth noting that MARA’s CEO Fred Thiel [predicted](https://forklog.com/news/ceo-mara-predskazal-tyazhelye-vremena-dlya-majnerov) challenging times ahead for miners due to increasing competition and declining profitability.