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2026-08-10 01:47:12 UTC

BitcoinNews on Nostr: BIP-110 NEXT BLOCK FEES REACH $17,000, BUT MINING INCENTIVE REMAINS FAR BELOW BITCOIN ...

BIP-110 NEXT BLOCK FEES REACH $17,000, BUT MINING INCENTIVE REMAINS FAR BELOW BITCOIN

There is currently 0.27 BTC, worth roughly $17,400, in transaction fees waiting to be collected in the next BIP-110 block.

BIP-110 proponents argued yesterday that rising fees could eventually incentivize a large miner to redirect hash rate to the chain and find the next block.

However, 0.27 BTC remains considerably less than the 3.125 BTC block subsidy, plus transaction fees, a miner can earn by mining a block on Bitcoin’s legacy chain.