Bitcoin Miners Made $1.7 Billion In April

The Bitcoin mining industry saw its second strongest month ever in April 2021, generating total revenue of $1,702,531,320, or $56,751,044 per day on average, as a spike in transaction fees helped make up for slight downward pressure on price.

Bitcoin miners generated more than $56 million on average per day in April 2021, making it the industry’s second strongest month ever.

Total miner revenue per day in the month of April 2021.

The strong total revenue figures can be partially attributed to the fall in hash rate that occurred earlier in the month, slowing the pace at which blocks were mined, leading to increasingly competitive (and expensive) transaction fees.

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