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Bitcoin block space sees rise in ordinal inscriptions, miners face potential income stress

Despite this development, monetary transactions remain the dominant content within each block. The increase in inscriptions has resulted in over 550,000 daily transactions and has expanded each block’s content to around 3,500 transactions. However, these changes have not significantly impacted miners’ earnings.

Bitcoin’s mining difficulty has escalated by 50%, and with the halving event expected in just 206 days, miners could potentially face income stress. The income per hash rate is nearing historic lows, and network fees have doubled to approximately 38 BTC daily.

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Source: Cryptocurrency - investing.com

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