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Bitcoin miners earned a record $ 1.36 billion in February
02.03.2021 [15:10],
Vladimir Fetisov

According to network sources, the total revenue of bitcoin miners in February of this year was $ 1.36 billion, breaking a record achievement three years ago. Compared to January, miners’ income grew by 21%. This is evidenced by data from the Coin Metrics platform, which was analyzed by CoinDesk.

The source notes that 13.7%, equal in monetary terms to $ 186.4 million, of the total revenue in February falls on transaction fees. The remaining $ 1.18 billion was received from the mining of cryptocurrency within the blockchain network, as well as due to the rise in the price of bitcoin, the cost of one unit of which in February for the first time in history exceeded $ 50 thousand. It is worth noting that the cost of bitcoin for some time exceeded $ 58 thousand. per unit, after which there was a sharp drop to about $ 43 thousand. for one bitcoin. The most popular cryptocurrency currently costs around $ 48,600 per unit.

The source notes that in December last year there was a shortage of equipment for mining cryptocurrency. Against this backdrop, some mining infrastructure providers have announced the expansion of production capacity. One of these suppliers is Compute North, which intends to invest $ 25 million in expanding its staff and increasing production capacity. In addition, last month the Chinese bitcoin mining company Poolin announced the purchase of the hashrate of its rival NovaBlock.

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