Express

Bitcoin Miners Generated $1.7 Billion in Revenue During April

Amy Liu

Summary: Bitcoin miners hauled in $1.7 billion in revenue during the month of April, according to new data. The April figure represents a slight decline compared to March's $1.75 billion, as shown in the chart below. Miners were buoyed by high prices as bitcoin traded at an all-time above $60,000 earlier this month. At press time, ...

Bitcoin miners hauled in $1.7 billion in revenue during the month of April, according to new data. The April figure represents a slight decline compared to March's $1.75 billion, as shown in the chart below. Miners were buoyed by high prices as bitcoin traded at an all-time above $60,000 earlier this month. At press time, bitcoin is trading hands at about $57,500 on Coinbase.

According to available data, 14.51% of the April revenue came from transaction fees -- some $247 million. This figure represents the highest fee-to-revenue ratio since early 2018.

By Amy Liu

Last Update:

Tags: ,,
Link: Bitcoin Miners Generated $1.7 Billion in Revenue During April   [Copy]
Next:

Related Articles

  • ​The Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 4 days ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 8 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 11 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 15 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 17 days ago

    • You need to login to comment.