Bitcoin Is Busier Than Ever, but Bitcoin Mining Isn’t Getting Paid More

Bitcoin averaged 578,000 transactions a day from Jan. 1 through Sept. 28, 2026, surpassing about 525,000 in 2024, but miners' fee revenue did not rise: fees accounted for just 0.6% of miners' earnings in the period examined. The average fee was about 492 satoshis through Sept. 29, compared with 1,140 in 2025 and 4,019 in 2024, or $0.41 at the current price. In the 30 days through Oct. 14, miners collected about 88.6 BTC in fees versus 13,884 BTC in newly issued coins; the block subsidy is 3.125 BTC after the April 2024 halving. Binance said it would close Binance Pool on Nov. 10, 2026, as Foundry USA, AntPool and F2Pool held about 64% of network hashrate.