Dogecoin Miners' Revenue Soars 4,500% This Year
Main page News, Altcoins, Mining

The miners of the popular meme crypto Dogecoin (DOGE), which has recently made headlines with its continuous price hikes driven by Elon Musk's comments on his official Twitter account, are making a lot of money.

According to data provided by ByteTree, Dogecoin miners' daily revenue reached $3.6 million last April 26, up 4,575% from $77,000 on New Year's Day.

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It looks like the miners of the crypto, who receive both coins and fees for mining coins and processing transactions, are selling DOGE tokens as soon as they mine them.

Add to this the fact that the price of the altcoin has skyrocketed 7,000% this year, which has also contributed significantly to their increased revenue.

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