Bitcoin Mining Is Now More Profitable Than Ever Before

Bitcoin’s price isn’t the only thing that’s been hitting all time highs; mining profit is now more profitable than ever before:

Bitcoin Miner Revenue Hits All-Time High of $52.3 Million in One Day

Mining Bitcoin is a profitable game—and now more profitable than ever before. Earlier this week, miner revenue hit a new all-time high of $52.3 million per day, according to blockchain data and analytics provider Glassnode.

And this is a good thing, according to the firm. In its weekly insights newsletter, Glassnode said that the figure is “positive for the assurance of continued security for the Bitcoin protocol.”

Why? Because if mining is a worthwhile (i.e. lucrative) business, miners will continue to do their thing. And that helps the entire network do its thing.

Full article here:   https://decrypt.co/61630/bitcoin-miner-revenue-all-time-high

 

Master Asked on March 16, 2021 in Bitcoin.
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