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Bitcoin 21M Cap Debate Reopens as Miner Fees Hit 0.5%

Bitcoin’s fixed supply debate also turns on miner economics and coordination among exchanges, wallets, pools and node operators.

BGeometrics data show BIP-110 miner signaling at 0.42% since May 1. Farside alerts have put an August lock-in window in focus for exchanges, wallets, mining pools and node operators.

Peter Todd has reopened Bitcoin’s 21M cap debate because transaction fees account for just 0.5% of miner revenue. The figure makes miner economics a central question in the protocol dispute.

The August deadline is the next concrete read on whether BIP-110 support expands beyond its current level.

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Frequently asked questions

  1. How much miner signaling has BIP-110 recorded since May 1?

    BGeometrics data put BIP-110 miner signaling at 0.42% since May 1.

  2. Why do transaction fees matter in Bitcoin’s 21M cap debate?

    Transaction fees make up just 0.5% of miner revenue, putting long-term miner economics at the center of the debate.

  3. When is the BIP-110 lock-in window?

    The lock-in window is in August, creating a deadline for ecosystem participants to weigh in.

  4. Which participants face the BIP-110 deadline?

    The deadline concerns exchanges, wallets, mining pools and node operators.

  5. What will the August deadline show about BIP-110 support?

    It will provide the next concrete read on whether BIP-110 miner signaling expands beyond its current 0.42% level.

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