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
Mining in an abandoned mine
The Northern Bitcoin company descended 350 meters underground to record-breakingly reduce the cost of Bitcoin mining and refute the theory of a global environmental disaster that cryptocurrency mining will lead to.
Paraguay supports the construction of the largest mining farm
The Blockchain Technology Foundation has been based in South Korea since its inception, but recently its representatives were in talks with the Paraguayan government to create something big - the world's largest mining farm and cryptocurrency exchange.
