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On April 19th the Bitcoin network conducted a halving event whereby block rewards for Bitcoin miners was cut in half. All else equal Bitcoin miners would have had their revenue cut in half overnight. Yet surprisingly, Bitcoin miners experienced an unexpected surge in revenue post-halving as transaction fees skyrocketed. So what’s going on?
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0:00 – 2:16 Intro
2:17 – 8:45 Bitcoin mining industry
8:46 – 15:37 Transaction fees
15:38 Outlook for miners
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