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Research: Ordinals, BRC-20 drive financial boon for Bitcoin miners

Blog post1 min readUpdated Feb 24, 2025View source ↗
The introduction of NFTs and BRC-20 tokens on the Bitcoin network through the Ordinals Protocol has sparked debate over its effects on transaction fees and chain bloat. Despite these concerns, Glassnode data analyzed by CryptoSlate reveals unexpected benefits for Bitcoin miners. Miner Hash Price is soaring, reaching levels not seen in a year, and Miner Percent Mined Supply Spent suggests a confident outlook on future price increases. But what could this mean for the first-ever block with transaction fees exceeding mining rewards? Dive in to uncover the hidden implications.... The post Research: Ordinals, BRC-20 drive financial boon for Bitcoin miners appeared first on CryptoSlate.
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