Bitcoin miners are reaping the benefits of Runes after the halving, with skyrocketing transaction fees lessening the impact of reduced block rewards.
Bitcoin miners have enjoyed a reprieve from the anticipated supply shock of reduced block rewards as the implementation of Runes sends transaction fees sky-high.
Two of the biggest mining firms operating in the United States highlighted the positive influence of Runes from both a financial and functional perspective in correspondence with Cointelegraph.
Greg Beard, CEO of Stronghold Digital Mining, said that the first week following the halving led to an anticipated decline in mining revenue from the reduction in Bitcoin (BTC) mining rewards. However, Beard said that Runes have been a welcome reprieve from the expected decline in BTC rewards.
