The total bitcoin mining revenue (block rewards plus transaction fees) per day soared by almost 50% since the beginning of the month, tapping almost $24 million.
Despite the significant rise, the figure stands far from the all-time high of over $80 million registered in April 2021.
- Bitcoin’s rally during the first month of the year seems to have boosted profits for the mining community. Data from YCharts shows that daily BTC mining revenue has soared from $16.1 million on January 1 to $23.8 million on January 29 (a 47% increase).
- The figure rarely surpassed $20 million during the prolonged crypto winter in 2022, dipping to as low as $13 million shortly after the FTX fallout and the consecutive market crash.
- The downtrend continued throughout December (when bitcoin struggled at around $16,500), with daily bitcoin mining revenue dipping below $10 million on Christmas Eve.
(By Dimitar Dzhondzhorov)
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