The daily income of bitcoin miners reached $52.3 million
The analytical company Glassnode reported in its weekly report that the income of bitcoin miners reached a record high of $52.3 million per day ($366.1 million per week). The document notes that the miners managed to increase revenue, despite the halving of the remuneration for the extracted block, which occurred in May last year. After the third halving in the history of the main cryptocurrency, the reward for the extracted block was reduced from 12.5 to 6.25 bitcoins.
Glassnode notes that immediately after the last halving, miners earned about 1 thousand bitcoins per day. Transaction fees were only a tenth of that amount. Now the activity of transactions originating from crypto exchanges is growing, and the number of such commissions is already about 30% of the total volume.
In February, miners have already managed to earn $354.4 million in a week and break the record of 2017. Then the commission fees were about 15% of the income. January and February were record highs for miners, who immediately reinvested all profits back into the business, said Ethan Vera, co-founder of Seattle-based mining company Luxor Technology.