Bitcoin Miners Earn Nearly $1 Billion in May

Bitcoin miners earned almost $1 billion in May, increasing their income by 13.7% compared to April. A significant part of the profits for the miners was brought by transaction fees – they have become larger due to increased activity in the blockchain.

Bitcoin Miners Earn Nearly $1 Billion in May

The income of bitcoin miners in May 2023 amounted to $916.6 million. reported edition of The Block. In May, miners increased earnings by 13.7% compared to April.

More than 10% of the income, namely $125.9 million, was brought to miners by transaction fees. Their number has grown due to increased activity in the blockchain, The Block notes that one hundred was the result of the popularity of new NFTs.

In May, Bitcoin fell by 5.5% to $27.7 thousand per coin, while the complexity of mining updated its historical maximum, the publication clarifies.

The revenue of miners from bitcoin mining in the first quarter of 2023 amounted to $1.98 billion. According to The Block, the quarterly revenue of miners of the first cryptocurrency grew by 28.7% year-on-year.

Cover photo: Olenev Nikita / Shutterstock

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Source: RB.RU by

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