Summary
Miner revenue has tripled since the halving, reaching around 22 bitcoins compared to 7 bitcoins before. Daily revenues are over $100 million, with $80 million coming from transaction fees, which is unusually high according to Bernstein.
Key Points
1. Total miner revenue is currently triple the pre-halving level, at around 22 bitcoins compared to 7 bitcoins before.
2. Daily revenues from mining exceeded $100 million, with over $80 million coming from transaction fees.
3. The high transaction fees contributing to the abnormal revenue levels.