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According to The Block analysts, miners’ revenues in March amounted to $1.21 billion, up 14% from the previous month. This is the first rise since October, until this moment the miners’ revenue fell along with the Bitcoin rate.
As can be seen from the diagram, the main income is still generated by mining blocks, the collected revenue from commissions amounted to $15.26 million for the month.
This indicates a low network load, which peaked in March, when miners collected the maximum revenue of $1.76 billion. Despite the four-month decline in mining profits, the number of mining equipment is constantly increasing, as indicated by the progressive increase in the difficulty parameter and hash rate, renewing highs.
In the future, these figures will continue to rise due to the peculiarity of the ASIC miner procurement scheme. The demand for equipment is so high that multi-million dollar contracts are scheduled until the end of 2022.
The only thing that threatens BTC mining is environmental initiatives. However, farmers are adjusting to the consumption of “green energy”, helping the development of alternative energy much more than other industries.
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