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

Apr 3, 2021 | The Block News | 0 comments

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. 

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.

© 2021 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

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