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BTC miner earnings up 13.7% in May

by Vaibhav
June 2, 2023
in News
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BTC miner earnings up 13.7% in May
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  • Miners earned $916 million last month
  • This figure includes over $120 million in transaction fees.
  • Income growth can be attributed to an increase in online activity
  • Miners’ income for March amounted to $755 million

Analysts The Block Research reportthat the month of May turned out to be positive for the miners. Last month, their revenue was $916 million, up 13.7% from the previous month. An important component of this amount is the transaction fee, which amounted to more than $120 million.

The significant increase in miners’ income was driven by activity on the network, especially due to the increase in the number of bitcoin NFTs, as previously reported. The Block Research also reports that transactional activity in bitcoin also increased significantly in May, reaching 16.9 million transactions in a month.

According to statistics for March, 4,498 blocks were mined, and this made it possible to obtain about more than 28 thousand bitcoins. The network hashrate has been 341 EH/s for the past two weeks. Then the income of miners amounted to $ 755 million

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