Glassnode: BTC miners earn $52.3 million a day – Bits Media

Bitcoin mining has reached a record profitability - at the moment, miners earn about $52.3 million a day. This is due to the rise in the price of BTC and transaction fees.

According to Glassnode, Bitcoin miners hit a new all-time high this week Maximum c $52.3 million a day. According to the analysts of the company, This is good for the network. Glassnode notes in his weekly newsletter, that this figure "inspires confidence in the constant security of the Bitcoin protocol".

Miners receive a reward for a block in the amount 6.25 BTC (about $347 477) and commissions, paid by BTC users for transactions. The Blok reward is reduced twice every four years. The previous Bitcoin halving was held in May 2020 of the year. As notes Glassnode, Despite the abundance of the award last year, miners continue to make high profits.

This is primarily due to the increase in the price of BTC. Now cryptocurrency is trading a little higher $56 000, And last weekend the price of bitcoin reached $61 000. The transaction commissions on the network are also growing. The cost of sending BTC has increased, since more and more people want to use the network, And that means, that miners can earn more money for their work.

Glassnode notes, that "Commissions for transactions on the network, paid in connection with exchange activities, are also an interesting indicator for tracking the movement and market priorities ". Now 30% commissions come from cryptocurrency exchanges.

Recall, that last month was extremely successful as for Bitcoin miners, and for the miners of the ether - both categories received a record profit, Moreover, the profit for the extraction of ETH for the first time in history exceeded $1 billion.