Bitcoin miners beat the 2017 record, earning $ 354 million in a week

Bitcoin miners beat 2017 record, earning $ 354 million in a week

Bitcoin miners beat the 2017 record, earning $ 354 million in a week

According to Coin Metrics, the total revenue of Bitcoin miners over the past week was $ 354.4 million, which is a new record..

The previous high was recorded in December 2017, when total revenue reached $ 340 million.

Bitcoin miners beat the 2017 record, earning $ 354 million in a week

Network data shows miners mined BTC coins last week by about 300 million, and the rest came from growing transaction fees. However, according to the Glassnode report, in February they began to return to the accumulation of digital assets.

Reaching record levels of post-halving earnings is encouraging for long-term investment in the business, analysts say. The decline in the supply of bitcoin to the market may also indicate preparations for further growth in the course..

At the same time, Glassnode notes that while miners are collecting coins, investors continue to actively take profits and redistribute their assets..

text: Ivan Malichenko, photo: Shutterstock, graphics: Coin Metrics, Glassnode