Bitcoin miners rake in more than $1.5 billion in revenue in March

Team Luno
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According to data collected by The Block Research, bitcoin miners have earned more than $1.5 billion in revenue so far in March.

 

This marks the most revenue earned by the mining sector in any one month. With a few more days still to come in April, the final figure is expected to surpass the current $1.51 billion.

 

The majority of the funds earned – $1.36 billion – were in the form of per-block subsidies (the 6.25 BTC earned with the creation of each transaction block). Miners earned a total of $148 million in fees, which are paid by transactors to ensure their transactions are more likely to be included in the next block.

 

March’s all-time high figure exceeds that of February’s wherein miners earned a total of $1.36 billion across the sector. According to these figures, miners have collectively earned more than $1 billion for three months in a row.

 

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On our way to the moon, we write about all things crypto. And don’t forget we’re humans too. Our blog conveys the views of Luno and the many unique opinions and characters within our team. We’ll never provide you with financial advice, and we urge you to conduct your own research before purchasing or trading any cryptocurrencies. It’s a brave new world out there, and the market can be volatile at times, so never trade with funds you can’t afford to lose. Want to let us know how much you love our blog? Tweet us @lunomoney.

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