17% of Miner Revenue Comes from Fees, According to Cointelegraph

Miners are increasingly dependent on transaction fees to sustain their operations following the halving of the block reward for Bitcoin (BTC).

On May 10, miners generated 2,188 BTC, but by May 12, this number had plummeted to 852 BTC, marking a significant 61% decline. The reduction in block rewards has caused some miners to cease operations, leading to a decrease in the network hashrate. Consequently, this has resulted in longer block intervals, meaning fewer blocks are processed over a given timeframe, which in turn diminishes the rewards available for miners.

Research has indicated that approximately 17% of miner revenue is now derived from transaction fees.