Bitcoin Miner Fee Revenue Plunges to Near-Decade Low as Hashrate Tumbles 33%

Bitcoin miners are earning almost nothing from transaction fees. On August 11, fees accounted for only 0.69% of total miner revenue, marking a roughly ten-year low.

Meanwhile, the network’s hash rate has dropped by 33% from its peak, reflecting reduced mining activity.

Analyst Charles Edwards described the situation as “the most under-discussed alarming event for Bitcoin in 2026.”