Mining the first cryptocurrency brought record profits this year.
Bitcoin miners have increased their profits by 206% this year, earning $15 billion. This is a record amount for the mining industry. In 2020, this figure was 3 times less.
Evaluation criteria assume that manners sell all their mined coins, and income calculations are based on this statement. This is not always true, and the numbers may be lower.
The most profitable months for miners were March - $1.75 billion and November - $1.69 billion.
At the same time, Ethereum mining this year became more profitablemining the first cryptocurrency. ETH miners increased their profits by 7 times. Analysts believe the surge is based on high transaction fees, which have risen due to the popularity of non-fungible tokens (NFTs).
Subscribe to ForkNews in Telegram to stay up to date with news from the world of cryptocurrencies
You May Also Like
20% of Bitcoin's hashrate still remains in China
After repressions in China, some miners changed jurisdiction. But there are also those who went underground. According to CNBC, such “gray” Chinese miners still account for about 20% of the total Bitcoin hashrate.
Bitmain approaches 51%
ASIC manufacturer and mining giant Bitmain mined 42% of all blocks produced on the Bitcoin network last week. BTC.com and AntPool, which are both owned by Bitmain, control 26.6% and 15.3% of the network's total hashrate.
