Bitcoin mining revenues climb back up to $1.21 billion in March
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After falling consecutively since October, bitcoin mining revenues had a month-over-month improve of 14%.
Bitcoin miners introduced in a complete of $1.21 billion in income in March, based on knowledge compiled on The Block’s Knowledge Dashboard. Mining income got here in at $1.06 billion in February.
Most of that income got here from the block subsidy ($1.19 billion) and solely a small portion from transaction charges ($15.26 million).
Whole revenues have declined from $1.72 billion in October. They hit an all-time excessive in March 2021, with a complete of $1.75 billion.
For extra must-read figures from across the digital asset area, learn the March by-the-numbers breakdown by The Block Analysis’s Lars Hoffmann (Analysis subscription required).