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BitMEX Supports Bitcoin Core's Removal of OP_Return Strategy Restrictions

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May 7, 2025

BitMEX Research published an article focusing on the controversy surrounding the potential removal of the OP_Return policy restrictions in Bitcoin Core. The article points out that, from an economic reality perspective, miners aim to maximize profits and do not consider whether blocks contain junk data. If senders of junk data are willing to pay higher fees, they can fully outcompete other users. The article cites miners profiting over 7,000 $BTC through fees related to Ordinals as an example. BitMEX Research also mentions that node operators expect an efficient mempool to more accurately predict which blocks miners might mine, which not only helps users receive new blocks faster but also assists in determining reasonable transaction fees. Based on these considerations, BitMEX Research somewhat supports the removal of the OP_Return policy restrictions.

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