Bitcoin mining hits $2bn in March 2024
March of 2024 witnessed a remarkable milestone as Bitcoin mining ventures raked in a staggering $2 billion in monthly revenue. This impressive achievement surpassed the previous record of $1.74 billion set back in May 2021, according to data scrutinized by NewsNow based on insights from Bitcoin Magazine.
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The revenue breakdown revealed that about $85 million of the total earnings originated from transaction fees, while the remaining $1.93 billion was derived from the block subsidy. This subsidy compensates miners for validating transactions and creating new bitcoins, ...