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

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. 

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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.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.