Bitcoin Miners Pocket $4M in 60 Minutes

Bitcoin miners are doing really well in this current climate, this mornng’s BTC price is over $48K!

BTC miners pocket $4M in 60 minutes, the highest hourly revenue in Bitcoin’s history

“According to data from Glassnode, Bitcoin (BTC) miners made over $4 million in just under an hour on Feb. 12, making it the biggest hourly revenue in history.

In May 2020, Bitcoin underwent the third block reward halving in its history, cutting the amount of new Bitcoin mined in half.

‘After a block reward halving, the amount of BTC miners can mine using computing power decreases by half. Hence, miner revenues decrease by 50% overnight, which could cause strain on mining operations in the short term.’
At the same time, the hash rate of the Bitcoin network is also at new all-time highs with the fourth consecutive upward difficulty adjustment by roughly 2.5% expected in seven days.”

https://cointelegraph.com/news/btc-miners-pocket-4m-in-60-minutes-the-highest-hourly-revenue-in-bitcoin-s-history

 

Master Asked on February 12, 2021 in Bitcoin.
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