Bitcoin Block Space Demand Decreases, Affecting Miners' Revenue

Bitcoin miners are experiencing a decrease in revenue due to a decline in demand for block space. Glassnode's block size chart shows a surge in size in February, but this was short-lived and followed by a decline. The introduction of inscriptions through Bitcoin Ordinals initially increased block size and fees, but a subsequent reduction in inscription volume has led to a more subdued state for block space and miner earnings.

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