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Home Crypto News Market Bitcoin And Ethereum Miners Made Record Earnings In March

Bitcoin And Ethereum Miners Made Record Earnings In March

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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.

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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

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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.


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