Ordinals upend Bitcoin mining, causing transaction fees to exceed mining rewards for the 1st time in years.

For the first time since 2017, some bitcoin (BTC) miners are getting paid more to process transactions on the blockchain than they’re rewarded for creating new BTC, a potentially welcome development following the battering the industry has faced lately. Bitcoin miners make money in two main ways: spawning new BTC by crunching numbers, and processing transactions on the network.