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Bitcoin Runes fees surpass 1,200 BTC as miners reap rewards post-halving

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Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.

Bitcoin miners have enjoyed a reprieve from the anticipated supply shock of reduced block rewards as the implementation of Runes sends transaction fees sky-high.

Adam Swick, Marathon's Chief Growth Officer, echoed these sentiments as he highlighted spiking fees following the halving, fueled by the launch of Runes and broader network activity. He added that Marathon had meticulously planned around potential volatility of BTC price and global hash rate and the firm’s day-to-day operations have not been affected as a result.Rune transactions have added over 1,200 BTC worth of transaction fees to miners since the Bitcoin halving took effect, according to Swick.

Stronghold’s CEO believes it is important to consider where these fees will eventually normalize. Beard said that as more functionalities are built on Bitcoin, future trends may lean toward higher transaction fees. He said:

 

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