Bitcoin miners’ sales hit a streak in March

Bitcoin miners’ sales hit a streak in March


2021-03-31 08:18:29

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Bitcoin miners have made more than $ 1.5 billion in revenue since the beginning of March so far.

Specifically, according to data from The Block Research that bitcoin miners made more than $ 1.51 billion in revenue in March, the highest ever recorded.

This number represents the highest revenue the mining sector earns in a given month. As there are two more days to end in March, the figure will eventually surpass the current $ 1.51 billion level.

The majority of the money earned is in the form of ‘subsidy’ per block or 6.25 BTC earned when creating each trading block.

According to the data, miners that made $ 148 million in fees, paid by traders in an attempt to boost their transactions, are more likely to be included in the next block.

Bitcoin mining

March’s all-time high surpassed a high of $ 1.36 billion in February. Based on the chart above shows that bitcoin miners’ revenue generated more than $ 1 billion in three months. year 2021 (January, February and March).

As previously reported by the BTA, the fact that bitcoin miners are publicly traded has fueled the recent bitcoin price boom.

Recently, institutional investors in North America have been actively expanding the cryptocurrency mining sector by investing $ 500 million in new equipment, including many bitcoin mining hardware. the most modern today.

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