Bitcoin miners earned $916.6 million in revenue in May, which is a 13.7% increase from the previous month. This includes transaction fees of over $120 million, which is largely due to increased on-chain activity. The rise of bitcoin NFTs has also contributed to the surge in transaction fees. In May, there was a significant increase in bitcoin transaction activity, with 16.9 million transactions recorded for the month.
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Bitcoin Mining Revenue Reaches $916.6 Million in May with Significant Increase in Transaction Fees
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