Bitcoin Transaction Fees as % of Block Reward

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This metric shows what percentage of Bitcoin mining rewards come from Bitcoin transaction fees. Bitcoin transaction fees as a share of Bitcoin block rewards is an important metric to miners because it impacts hashprice (how much revenue the miner can extract from its hashrate). In times of network congestion, Bitcoin transaction fees as a percentage of block reward will tend to increase because Bitcoin users increase their fees to speed up transactions. This results in larger rewards for Bitcoin miners.