Saturday, October 23, 2021
Home Crypto News Market Bitcoin And Ethereum Miners Made Record Earnings In March

Bitcoin And Ethereum Miners Made Record Earnings In March

- Advertisement -

March was a good month for the Bitcoin and Ethereum miners. The BTC miners made revenue of $1.75 billion, and ETH miners recorded a profit of $1.38 billion.

Revenue from BTC mining in March increased by 28.7%, while the profit growth of ETH miners was only 0.73%. At the same time, the percentage of income from transaction fees decreased for both groups.

In February, Ethereum miners received 52.87% of the profit from commissions (Transaction Fees), in March this figure fell to 47.22%. Bitcoin miners received $167.21 million in transaction processing fees, which is 9.55% of the total profit. Compared to February, the reduction in the commissions volume was 10.7%.

On March 20, a record daily profit of BTC miners was recorded, in just a day they received a little more than $60 million.

The interest in mining remains at an extremely high level, which leads to a shortage of ASIC miners in the market. In the secondary market, the devices are sold at a price five times higher than the prices of pre-orders.

Merchant token ico

On April 2, the BTC mining difficulty was recalculated. Bitcoin mining difficulty grew by 5.82% and for the first time in history exceeded 23.14 trillion.

Read Details: Bitcoin Mining Difficulty Reaches All Time High

- Advertisement -
Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Recent News & Articles

The Bank Of Israel Aims To Launch Its CBDC On Ethereum

For now, central banks around the world are still working on developing and testing their own CBDCs, but there are new ones that are...

Russian Central Bank Head Says Russia Is Not Ready To Launch Crypto ETFs

The head of the Bank of Russia, Elvira Nabiullina gave a negative answer to the question about the possibility of trading cryptocurrency ETFs in...

Spanish Banks Anxiously Waiting For Central Bank Approval To Work With Cryptocurrencies

Spanish banks are interested in providing cryptocurrency services directly to clients and expect the Spanish Central Bank will bring regulatory clarity for crypto.

Reddit Intend To Bring Its Non Fungible Token (NFT) Platform

Reddit is looking to hire people for what could become a new platform for non-fungible tokens (NFTs) and digital goods. ...

Second Bitcoin ETF, Valkyrie Bitcoin Strategy ETF (BTF) Started Trading On Nasdaq

On the Nasdaq Stock Exchange under the ticker BTF, a Bitcoin futures ETF from Valkyrie Investments began trading at a price of $25.5.

Transient Raises $1.2 Million in IDO Public Sale to Build the Amazon of Smart Contracts

Tortola, British Virgin Islands, 22nd October, 2021, Transient Network, a Smart Contract Global Marketplace, is thrilled to announce that it has raised $1.2 million...

Binance Smart Chain Is Bringing Fee-Burning Mechanism Like Ethereum

The Binance Smart Chain (BSC) has published a proposal to improve the BEP-95 ecosystem, This new mechanism will be similar to the Ethereum chain...

Subscribe To Our Newsletter

Get Updated with All The latest Crypto News, Articles, Reviews, Analysis and much more. Delivered Every Monday.