The daily revenue of Bitcoin miners has just hit a record $52.3M ($366.1M per week), according to data provided by analytics company Glassnode.
Experts have pointed out miners have managed to increase their revenue in spite of the halving of the reward miners receive for mining a block, which took place in May 2020. After the third halving in the crypto's history, the reward for mining a block was reduced from 12.5 to 6.25 Bitcoins.
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Glassnode has highlighted that immediately after the last halving, miners earned around 1,000 Bitcoins per day. Transaction fees accounted for only a tenth of that amount. Now transaction activity originating from crypto exchanges is increasing, and these types of transactions already account for about 30% of the total volume.
In February, miners made $354.4M in revenue in one week and beat the 2017 record. At that time, fees accounted for approximately 15% of revenue.
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