Bitcoin miners hit a record high revenue of $1.36 billion in February, up 21% from January. This broke the previous record of $1.25 billion set in the previous bull market in December 2017.
Last month, Bitcoin’s price increased from $33,000 to above $58,000 and dropped to $43,000.
According to data from Luxor Technologies, miners' revenues range between $0.23 to $0.38 per terahash per second through February.
Among the $1.36 Billion revenue, 13.7%, or $186 was gas fees. The gas fees have increased 3.4% percent since January.
Right before the last halving in May, the gas fee’s percentage in the total mining revenue has been picking up the upward trend. As the subsidy for miners decreases after the halving, the miners get paid more in gas fees to secure the network.
DHM will be updating our data including the revenue and APY of the day in our telegram community.
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