Bitcoin miners are mining fewer empty blocks in 2020

On-chainJune 10, 2020, 12:05PM EDT
UPDATED: March 10, 2022, 3:44PM EST
Bitcoin miners are mining fewer empty blocks in 2020
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In May, Bitcoin recorded its third halving, cutting the per-block subsidy from 12.5 BTC to 6.25 BTC.

With each halving of the block subsidy, transaction fees become a more significant component of miner revenue, thus incentivizing miners to include as many transactions in the blocks they mine as possible. However, even with the expected halving, miners this year were still mining empty blocks.

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