Bitcoin miners’ weekly revenues reach $354 million

Against the backdrop of Bitcoin moving toward $50,000 mark, bitcoin-miners’ revenues for the past week reached a new high of $354.4 million.

The previous seven-day record stood at $340 million and was recorded in December 2017, according to CoinDesk.

More than 15% of the $354.4 million in receipts came from transaction fees.

Average transaction fee at the time of writing — $18.5. Data: Blockchair.

According to Clark Moody Bitcoin, bitcoin miners on average earn 0.97 BTC in fees per block (~$47,640 at the time of writing).

On February 11, the analytics service Glassnode reported that hourly revenue for miners exceeded $4 million—the highest hourly miner revenue in Bitcoin’s history.

#BTC miners just made over $4 million in a single hour – the highest hourly miner revenue in Bitcoin’s history so far.

Chart: https://t.co/TIffXFCIZH pic.twitter.com/PmAAmTN6j3

— glassnode (@glassnode) February 11, 2021

In January 2021, bitcoin miners’ revenues totaled $1.09 billion and approached the December 2017 high.

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