Business News of Thursday, 8 April 2021
Source: nairametrics.com
Miners at the flagship crypto market are earning record revenues triggered by the growing number of transactions on the blockchain as the flagship Crypto asset gained relevance in global financial markets.
Data retrieved from Glassnode showed Bitcoin miners have been consistently earning more than $50 million per day for the past month.
About a year ago this number was around $12 million – that’s a 4x increase, despite the block subsidy being cut in half.
3/ #Bitcoin miners have been making more than $50 Million per day for the past month.
Put into perspective: A year ago this number was around $12 Million – that's a 4x increase, despite the block subsidy being cut in half.
Important datapoint!
Chart: https://t.co/FWSYnFIGQT pic.twitter.com/CwNVRUWMln
— Rafael Schultze-Kraft (@n3ocortex) April 6, 2021
1/ A thread on #Bitcoin miner metrics.
First, some fundamentals.
Bitcoin's average hash rate hit a new ATH yesterday – crossing a daily average of 178 exahash / sec for the first time in history.
Miners keep spinning up machines – hash rate is up only.https://t.co/SEdtQGNsT7 pic.twitter.com/vIjVGyH8QC
— Rafael Schultze-Kraft (@n3ocortex) April 6, 2021