Despite concerns over high fees and network congestion caused by the use of Ordinals, Bitcoin miners are currently experiencing record daily revenue of up to $40 million, according to Glassnode data. The demand for Ordinals, which allows digital assets to be inscribed on the Bitcoin blockchain, is driving up blockchain activity and therefore the need for miners to validate transactions.

Some miners are now earning more money processing transactions than minting new Bitcoin. However, some developers are calling for the practice of minting Ordinals to be blocked due to concerns over network slowdowns.