Monthly Bitcoin mining revenue reached an all-time high in March

advertisement

Bitcoin mining revenue reached the highest monthly total ever recorded in March, according to data compiled by The Block. 

Of March’s $1.75 billion total bitcoin mining revenue, $167.21 million (9.55%) came from transaction fees. In March, compared with February, there was a 28.7% increase in total revenue and 10.7% decrease in transaction fees. 

Daily mining revenue also reached all-time highs — around $60 million — on March 20. 

With so much money being made, demand for bitcoin mining hardware is so high that top-of-the-line machines are selling at five times the price at which they could have been pre-ordered in November.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More