January revenue of bitcoin miners exceeded $1 billion

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At the end of January, the revenue of all those mining bitcoin reached $ 1 .09 billion, the second largest monthly figure since December 2017, when the No. 1 cryptocurrency first reached $2 0, 0 0 0. bitcoin miners managed to achieve this result even though the reward for each block found in the digital asset’s b l o c k c h a I n has halved since last May, from 12.5 to 6.25 B T C.

At the same time, the high demand for mining equipment has led to a certain shortage of such machines, resulting in the bitcoin hash rate now being slightly below its maximum value, 5 million Th/s less than on January 17, when the figure was at a record 155. 4 Th/s.

January revenue of bitcoin miners exceeded $1 billion

It is worth noting that the revenue of Ethereum miners at the end of January of this year also showed a record value of $ 8 0 0 million, which is higher than the previous maximum, which was fixed in 2018. At the same time, a significant share of the revenue of such miners, about 40% of all revenues, was received in the form of transaction fees ($311 million).

The share of transaction commissions in bitcoins for bitcoin miners of the cryptocurrency No. 1 is three times smaller. At the same time, the current average bitcoin transaction fee has now reached $ 1 7 . 2, being at its highest level since January 2018. The same figure for Ethereum is now $ 1 0 . 8 7 .

Bitcoin mining is attracting more and more investment, as quite a few experts believe that the No. 1 cryptocurrency’s price rise has yet to reach some kind of limit. For example, Eric Peters, head of One River Asset Management, said he believes bitcoin is “a severely undervalued asset.”

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