Bitcoin miners have earned more than $1.5 billion in revenue for March thus far


Data collected by The Block Research shows that bitcoin miners have earned more than $1.5 billion in revenue. 

This figure represents the most revenue earned by the mining sector in a given month. Given that several days remain in March, the final figure will exceed the current $1.51 billion number.

The vast majority of the funds earned -- $1.36 billion -- were in the form of per-block subsidies, or the 6.25 BTC earned with the creation of each transaction block. Per the data, miners earned a collected $148 million in fees, which are paid by transactors in an effort to make their transactions more likely to be included in the next block. 


March's all-time high figure exceeds February, when miners earned a total of $1.36 billion across the sector. The new performance figures signify that miners have collectively more than $1 billion for three months in a row.

As The Block previously reported, publicly-traded bitcoin mining firms have ridden the recent boom in the price of bitcoin, reflecting the cryptocurrency's volatile performance. These developments come as institutional investors in North America move to expand their footprint in the mining sector. 

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

TRON USDC now available

Delivering on a vision for an interoperable global standard for dollar digital currency, Circle and TRON have partnered to make USD Coin (USDC) available on the TRON blockchain, which has grown to more than 56 million accounts and nearly 2.5 billion transactions since its founding just four years ago. TRON is home to a broad ecosystem for digital assets in Asia and around the world, and the TRON community can now benefit from easy access to the world's fastest-growing, regulated dollar digital currency. 
Read Full Story
Sponsored Post