Bitcoin miners earned more than $15 billion in 2021

Bitcoin miners earned more than $15 billion in 2021

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

1952018-08-28

Soluna is going to compensate for electricity

The amount of electricity used for mining is of concern in terms of environmental impact. Current estimates place the energy consumption for Bitcoin mining at around 2.55 gigawatts, almost as much as the whole of Ireland consumes. And this problem only gets worse as the number of operations increases.

Mining
3302018-12-18

The CEO plans to start building a mining farm for $251 million

The CEO of a company that plans to build a data center for cryptocurrency mining west of Butte, Montana, isn't worried about the price of Bitcoin, which has fallen to nearly $3,200. In fact, Power BLock Coin LCC co-founder Aaron Tilton believes that the price reduction could benefit some miners.

Mining

Latest articles from Mining category