According to data published on Saturday (1st) by The Block Crypto Website, bitcoin miners generated $1.7 billion in revenue in April.
Bitcoin miners had a $1.7 billion revenue in April (Image: Forbes)
It is the second largest volume registered so far, second only to March 2021, when the activity generated $1.75 billion, an amount 2.86% higher than the one that was seen last month.
Bitcoin miners revenue (Image: The block)
According to the survey, $247 million of mining revenue – 14.51% of the total – came from transaction fees. It is the highest proportion recorded since the beginning of 2018.
In April, the average transaction fee on the cryptocurrency’s blockchain reached $58, the highest value in Bitcoin’s history.
‘Tariffs’ skyrocket when the BTC network is congested, as it was last month, in part because of a flooding of a coal mine in China, the country responsible for more than half of Bitcoin mining.
In just one day in April, 215,000 transactions were pending confirmation.
Miners also benefited from the cryptocurrency’s high prices. On the 13th of last month, for example, BTC renewed its historic high and hit $63,000.Tagged with: bitcoin, blockchain, crypto, cryptocurrencies, cryptocurrency, finance, finances, mining, money, tech, technology